Originally Posted by
josephstern
Right, but at $250,000, the numbers are pretty different. That's $3750 over the course of a year. And if it weren't for FDIC limits, many would go even higher.
All good promo and teaser rates seem to cap out at $25K. There's a reason for that.
I'm pretty sure it's still profitable for them to pay out the equivalent of 1.5% or so on deposit accounts.