Eventually, momentum in the banking crisis will shift.
Currently, large banks get away with paying 0.01% interest because they’re “safe.”
However, once the safety narrative shifts, people will realize you can get 5% in CDs or high yield savings accounts.
If you’re under the FDIC insured limit, then this is effectively risk free.
Large banks must begin paying higher interest rates on deposits.
Otherwise, they will be up next in the deposit flight