Birdwatch Archive

Birdwatch Note

2023-04-15 17:13:38 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

This is incorrect. JPMorgan’s average deposit rate on interest bearing deposits was 1.85%; another ~25% of deposits were non-interest bearing - producing an all-in rate of ~1.1%; this has been rising rapidly. https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/88617d8a-a183-45a7-acd9-eea77b439879.pdf Also, banks offer checking/payments for free for cheap deposits.

Written by 6588FDD3634E68A544C26EBCE632377BE5DBBD68A5C828B861019538CF9BD827
Participant Details

All Information

• ID - 1647287076637798401
• noteId - 1647287076637798401
• participantId -
• noteAuthorParticipantId - 6588FDD3634E68A544C26EBCE632377BE5DBBD68A5C828B861019538CF9BD827 Participant Details
• createdAtMillis - 1681578818841
• tweetId - 1647274279438888960
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
• misleadingOther - 0
• misleadingFactualError - 1
• misleadingManipulatedMedia - 0
• misleadingOutdatedInformation - 0
• misleadingMissingImportantContext - 1
• misleadingUnverifiedClaimAsFact - 0
• misleadingSatire - 0
• notMisleadingOther - 0
• notMisleadingFactuallyCorrect - 0
• notMisleadingOutdatedButNotWhenWritten - 0
• notMisleadingClearlySatire - 0
• notMisleadingPersonalOpinion - 0
• trustworthySources - 1
• summary
• This is incorrect. JPMorgan’s average deposit rate on interest bearing deposits was 1.85%; another ~25% of deposits were non-interest bearing - producing an all-in rate of ~1.1%; this has been rising rapidly. https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2023/1st-quarter/88617d8a-a183-45a7-acd9-eea77b439879.pdf Also, banks offer checking/payments for free for cheap deposits.