[PAR35]

Deposits used to be insured to a set dollar amount. Now, the amount of deposit insurance seems to be tied to who the depositor is.

[cgbg]

It looks like the Federal Reserve has just turned on the garden hose and all depositors are covered.

That could change at any time of course.

We are ruled by a cabal.

[Alberta's Child]

And they are sinking faster at smaller banks than larger banks.

That’s because depositors aren’t withdrawing money to hide it under the mattress. They’re withdrawing money from smaller banks and moving it to the larger ones.

[teevolt]

Banks didn’t increase rates despite inflation taking off. I’m sure I’m not alone, but I’ve put a lot of money in T-Bills through Treasury Direct. 1 to 6 months bills are now all yielding over 5%. My USAA deposit rate is still 0.01%. Be a moron to keep anything there, these banks did it to themselves.