Banks are offering the promotional rates to attract deposits. Given concerns about the economy, it’s unclear how long banks will continue to reward savers.
Tag: Federal Deposit Insurance Corp
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How Small Businesses Can Find Safety Before the Next Bank Crisis
Financial advisers recommend that business owners examine their accounts now to ensure they are protected in case of a future bank failure.
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Why Schwab Got Hit in the Panic Over Regional Banks
Like Silicon Valley Bank, the company holds billions in bonds that have declined in value. But it has access to billions in cash, if needed, analysts say, and is much more diversified.