JPMorgan Chase and Wells Fargo Offering $300 Cash As Banks’ Battle for New Deposits Intensifies for First Time in Years: Report

Big banks in the US are boosting the amount of cash they’re handing to new customers as the fight for deposits intensifies for the first time in years. JPMorgan Chase and Wells Fargo in particular are battling it out to curb deposit flight triggered by the Federal Reserve’s interest rate hikes, reports the Wall Street […] source: https://dailyhodl.com/2024/07/22/jpmorgan-chase-and-wells-fargo-offering-300-cash-as-banks-battle-for-new-deposits-intensifies-for-first-time-in-years-report/