![]() ![]() ![]() They do so in a competitive market place where the broker sorts each offer by duration and by interest rate, with the best deals on top.Īnd Wells Fargo’s CDs are now consistently at the top at my broker, including today, in all four duration categories I checked: There is a newly competitive slugfest going on at brokers where banks, even the biggest banks, are competing with each other, to sell FDIC-insured CDs to the broker’s customers, and thus attract new deposits. But this is about how badly Wells Fargo needs the cash from new deposits, why it is willing to pay more for it than other banks, how stingy it is with its own clients, and how competition is returning to cash for the first time in nine years. ![]() It has never tried to cross me, and its employees are nice, though they did try to sell me all kinds of crap, but that stopped after the fake-account scandal. It handles my corporate stuff, including payroll and quarterly filings. Wells Fargo is one of several banks I do business with. Competition for cash is returning for the first time in 9 years, and banks hate it. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |