Re: O/t, banks and their cost of deposits,

The week's question

In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.

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Good morning, no, not just promotions to attract new accounts but for adding to existing accounts as well. Even at say a Schwab account, their mmf yields say 4.3, .50 less than say vanguards mmf, but, that's close enough to keep the money in house at Schwab. Several friends have, substantial accounts, at firms I never did business with. How do banks make money paying 4.3 for deposits when lending is so tight? For how long will t bill rates be this high?

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This community has written 22,499 posts about Berkshire Hathaway. The article-length ones it recommended most:

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