How About Those Interest Rates??

We note that the Fed Funds rate is somewhere between 3.75-4.00%; it's been going up from 0.25% in March of this year.

We also note that banks and credit unions are holding tightly to a 0.1% rate PAID to savers, unless said savings are in excess of $25K (or more) or are time deposits.  

Using prime mortgage rates as a measure of comparison, there is typically a two+-point spread between rates paid to savers and rates obtained from mortgages.

Not this year!

Truly a 'finance capital' world!