Can you quantify that? If a startup had $1M in a business checking account, what interest rate were they getting paid?
I was under the impression that depositors at SVB were getting 0% like everyone else in the 0-interest-rate era.
Anyone being paid interest like that on demand deposits should expect their bank to fail, unfortunately, and consider themselves lucky to get cents on the dollar when it does.
Can you quantify that? If a startup had $1M in a business checking account, what interest rate were they getting paid?
I was under the impression that depositors at SVB were getting 0% like everyone else in the 0-interest-rate era.