Gerri welcome to the willis report. You are show them your money and your voice. Tonight, the savings. Major banks are warning that they may charge you to have a checking or savings account. This is according to the Financial Times and you heard me right. The banks are charging you to keep your money and not the other way around. Two out of five banks because the Federal Reserve said it may Interest Rates it pays the banks on some of the 2. 4 trillion in reserve that they have. The banks are making up for it by hitting us in the pocket. Its always great to have you on the show. Let me tell you why this incenses me. Already on my cds and earning nothing. 0. 23 . On my savings account, my money markets are not earning anything at all either. 0. 12 . And that his paltry earnings. Now they are going to charge us more. Why is that . The economy is not strong. The banks dont have a lot of demand for those loans. So if they put it in the Federal Reserve in the make almost nothing, they are no
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