> It's just classic bait and switch. Are you unaware that interest rates today a... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		brown9-2 on Dec 13, 2018 \| parent \| context \| favorite \| on: Robinhood launches 3% checking account > It's just classic bait and switch. Are you unaware that interest rates today are drastically different than a decade ago?

cperciva on Dec 14, 2018 | [–]

The Federal funds rate is currently 2.00-2.25%.

A decade ago, the rate was 1.00%. (And three days later, it was 0.00-0.25%.)

pascalxus on Dec 14, 2018 | [–]

all the other top savings accounts are currently 2% to 2.2%. i think they are not going to maintain that lead.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact