Birdwatch Archive

Birdwatch Note Rating

2023-04-16 14:53:55 UTC - NOT_HELPFUL

Rated by Participant: B65E6D540B6EF683DF969A320E058B3632C298B57B1EC3E87EB4FCAC148B2706
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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