Pressure on Banks to Increase Deposit Rates Finally Building Up

After Years of Low Returns, Depositors May Finally See Some Relief

XNews Photo/ K. Eliason

SAN FRANCISCO (XNews) — After years of low-interest rates on deposits, banks are facing mounting pressure to increase their payouts to savers. As the Federal Reserve has signaled plans to raise interest rates, customers have begun to question why banks have not followed suit. Many large banks, including JPMorgan Chase and Wells Fa…