it used to be a serious hassle to move your money from a low interest account to a higher interest account or fund at another institution

the last time we had nominal interest rates above zero this was the case, circa 2006-07

not the case anymore

banks offering near zero interest and wondering why they are losing depositors aren’t seeing the forest from the trees

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Why need depositors when they can simply get bailouts.

lol fr

Whaaaaaaat? You mean to tell me that some people would rather just enjoy their money than deposit long-term in a bank that offers such low interest that the money's value literally depreciates??? Couldnt be, it's so valuable to hoard fiat. 😭

crazy idea eh