The only rate that maters is the overnight repo rate - that is the rate that any bank can place their money risk free and earn interest . Since 2018 that rate has been between .15 and .25% - now In march 2022 it’s 1.6% - so $(BAC)$ 1.4trillion of client deposits that means. An extra 10-20billion in profits per year. This is money all the large money center banks can “bank” on. Once you understand how banks make money is easy to make money investing in banks . .
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