I wonder if this is a ‘hidden in plain sight’ bail-in or just grabbing the last dollar from the last sucker.
The annual percentage yield of 0.7 per cent that is five times more than the national average – Why pay so much more? for a bunch of banksters, generosity is an unknown word, so there is something afoot.
After 150 years of catering to the wealthy, Wall Street bank Goldman Sachs is now offering online banking to anyone. Accounts require a minimum deposit of $1 and offer an annual yield of 1.05 percent.
Goldman Sachs has traditionally operated as an investment bank with the minimal sum to open an account of $10 million.