The article isn't about loan interest rates but the interest rate banks offer on... | Hacker News

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		tssva on July 25, 2020 \| parent \| context \| favorite \| on: Banks are slow to increase rates on savings accoun... The article isn't about loan interest rates but the interest rate banks offer on deposits.

cm2187 on July 25, 2020 [–]

Where do you think the bank gets the money for paying interest on deposits from?

dsr_ on July 25, 2020 | [–]

They have sofas in their lobby, and they look under the cushions.

I just checked. US Bank's basic savings account offer 0.01% APY and costs $4/month.

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