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Interesting. The APY on savings accounts is only 4.15%. The spread between that and short term T bills is over 1%. My main HYSA is paying me 5.30% APY currently, and they aren’t complaining. A 1-1.5% spread on customer cash should be celebrated by GS…


Is there another “too big to fail” bank offering similar rates for savings accounts?

Most high yield savings accounts are regional banks.


BoA offers 5.02% via their "Preferred Deposit" offering:

https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMO...

But you have to start with $100k. (You can decrease that to as low as $1 anytime after though).


Ally and Interactive Brokers both offer those rates, and they are in the $5-9 billion market cap range. Not sure if they qualify as too big to fail.


Wealthfront has high percentages right now.


Wealthfront is not a bank, they use a bunch of small banks: https://www.wealthfront.com/cash-account-participant-banks


Amex is at 4.3 now




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