Banking
Why Online Banks Pay More on Savings Than Branch Networks
The FDIC put the national average savings rate at 0.46 percent in February 2024, while the largest online banks kept paying above 4 percent APY.
Author
William Elliott
Independent editorial contributor covering finance, technology products and digital banking for VUGA Network publications.
Articles by William Elliott
Banking
Wire vs ACH vs RTP: What Each Payment Rail Costs Banks
Federal Reserve fee schedules price a FedNow instant credit at 4.5 cents per transfer, while Fedwire Funds per-item fees run roughly 16 to 53 cents depending on…
Banking
How Banks Price Deposits and Turn the Spread Into Profit
The FDIC put the US banking industry's net interest margin at 3.35 percent in the third quarter of 2025, and that one ratio explains how deposits make money.