How Banksters Operate: JP Morgan (Patreon)

JP Morgan has a lot of money, but they're not very generous with it. They only paid out $10 billion in interest on their $2.4 trillion in deposits in 2022. That's a measly 0.4% interest rate. 

Meanwhile, other places like Apple are offering a whopping 4.2% interest rate on its new savings account. If JP Morgan were to match that rate, their interest expense would skyrocket to $100 billion per year. But who cares about the little guy, right? 

JP Morgan is more interested in lining their own pockets than they are in helping their customers save money.

PS the avg interest rate they charge on a loan is north of 6% netting over 500 bps on every dollar :D 

This is why Jamie Dimon hates Crypto.  It threatens their Bankster Monoply.