Fed says no changes, But, Banks are starting to pay more
The fed said a lot of nothing. Cutting bond purchases of 10 Billion a month is not even a ripple on a lake filled with dollars.
Lately, most of the regional brick and mortar banks are advertising CD rates meeting the on-line banks, and those that don't advertise, are willing to match on-line rates for maturing CD's that will walk out the door.
Why only for the smaller , "Not to big to fail" banks ?. The big boys still pay zilch.