Apr 18, 2023

Call it a sticky situation

ilbusca/Getty Images

If you'd rather step in gum than jump through the hoops of switching banks, blame it on "deposit stickiness." We explain, then add color to the Fed's Beige Book.

Segments From this episode

Higher interest rates should mean more money for savers — but switching banks can be a hassle

by Matt Levin

Apr 18, 2023

The average yield for a savings account is under 1%. Depositors, however, don't always take the opportunity to get more.

Apple is offering a savings account, in partnership with Goldman Sachs, that pays more than 4% interest — way higher than the national average.

Patrick T. Fallon/AFP via Getty Images

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FHLB: The banking backstop you've never heard of

by Nancy Marshall-Genzer

Apr 18, 2023

The Federal Home Loan Bank system was created during the Great Depression to boost mortgage lending and absorb shocks for banks under stress.

The Federal Home Loan Bank System came out of the Great Depression in an effort to act as a shock absorber for banks under stress.

OFF/AFP via Getty Images

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The Federal Reserve's Beige Book adds color to economic data

by Elizabeth Trovall

Apr 18, 2023

The influential update, also known as the Summary of Commentary on Current Economic Conditions, comes out Wednesday.

Through interviews and surveys, the Beige Book tries to create a current snapshot of the economy.

Olivier Douliery/AFP via Getty Images

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The Battle of Newburgh

From Marketplace’s podcast “The Uncertain Hour,” Producer Peter Balonon-Rosen explores a controversial 1960s battle over race and welfare policy in New York state that laid the groundwork for today’s federal welfare policies.

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Music from the episode

Heat Waves Glass Animals

Dynamite BTS

Any song ZICO

She is Whimsical Arthur Benson

Sous Rising Takenobu

Just the Two of Us Bill Withers, Grover Washington, Jr.

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Dylan Miettinen Associate Digital Producer

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