[CottonBall]

Yes, it was my bad proofreading again. Poor doggy.

Interest rates here seem to be around four or 5% for a savings account. Those are the accounts that are online only. seems like regular brick and mortar banks don’t pay anything at all or very little like you said, one percent.

It seems there is a concerted effort to get people to stick with short term CDs or savings accounts. The long term CDs pay less and have been dropping, at least for the last 6 months that I have been checking. I assume that means the banks think interest rates are going down so they don’t wanna be stuck long-term with a larger rate that they have to pay.

[STARLIT]

I'm hearing from people on videos to not have much in banks. They are closing every day. If and when the banks go down and a new system is put in place it then is suppose to be much safer. Federal/Central is foreign ran. Our banks DO NOT HAVE money to back up ours.

[Rusty0604]

An inverted yield usually proceeds a recession.
If bond buyers assess greater risk they demand higher interest.
This higher interest is obviously bad for mortgages, new home buyers and those with variable rate mortgages. It is very bad for capital intensive businesses that rely on borrowing for capital investments.
Same goes for governments. US government has enjoyed low interest as part of its non-discretionary expenditures. Politicians do not seem to understand or care those days are over.