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NYT: Banks Awash in Cash Are Dropping Savings Rates Image Image courtesy of koko-tewan at FreeDigitalPhotos.net

NYT: Banks Awash in Cash Are Dropping Savings Rates

The NY Times had an interesting article over the weekend discussing how banks are flooded with cash, helping drive down deposit rates on savings and CDs. While I agree with the general thrust of the article, I would add a few caveats.

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