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AZJonnie

(3,694 posts)

2. I think the banks would have many ways around such a restriction

Reply to PeaceWave (Original post)

Wed Mar 25, 2026, 05:56 PM

Wednesday

Even if the Dem's bill passed and got by SCOTUS, banks would say something like "okay, now it's 2.25% no matter how much you put in, but if you deposit 100K or more and leave it in for 2 years, you get eleventy million Frequent Flyer Miles" or the like.

You'd have to pass a lot legislation in order to make illegal every form of incentive for leaving a lot of money invested in the bank, some forms of which may've already passed muster with SCOTUS

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This message was self-deleted by its author [View all] PeaceWave Wednesday OP

Treasury Direct mahatmakanejeeves Wednesday #1

Treasury Direct is wonderful. Better rates than most banks and you can elect to reinvest every Wonder Why Wednesday #7

I think the banks would have many ways around such a restriction AZJonnie Wednesday #2

This message was self-deleted by its author PeaceWave Wednesday #3

You could try I suppose but this sort of tiered-rate based on deposit amount is pretty entrenched AZJonnie Wednesday #4

This message was self-deleted by its author PeaceWave Wednesday #5

That kind of thing has been going on forever. Wiz Imp Wednesday #6