Birdwatch Archive

Birdwatch Note Rating

2023-04-17 10:56:44 UTC - HELPFUL

Rated by Participant: B217D6E5926DAED737DD7AD2C46627D40E7EDF5B3DC33E1AAC6C89F20B44E471
Participant Details

Original Note:

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.

All Note Details

Original Tweet

All Information

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  • helpfulnessLevel - HELPFUL
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