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Stocks B / Berkshire Hathaway

URL:  https://boards.fool.com/actually-wfc-pays-market-rates-on-brokered-34053301.aspx

Subject:  Re: Maystery purchase Date:  11/4/2018  12:41 PM
Author:  Gator1984 Number:  239440 of 241724

Actually WFC pays market rates on brokered CD's. Highest in the land from what I see. The whole point of a branch system is that your cost of funds, including the cost of operating the branch should be lower than the cost of brokered deposits. Certainly no higher and hopefully more stable during a crisis. The benefits of branches have been small in a low rate environment. In fact I would argue that it would of been cheaper in the short run to by brokered funds than all in cost branch funds. Hopefully this will change as rates rise.
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