So... qq... is this backed by a money market savings account?
Wells is closing out a couple of big mutual funds they picked up from acquired banks they were using to cover savings account interest. IDK exactly why; either it had something to do with Warren Buffet pulling out or they failed a couple key liquidity and investment risk measures last month- FINRA and the SEC are getting spooked.
And before you go shitting on Wells in general, they're the only bank left still lending to gunmakers and pro-2A businesses. They're also the only major bank that didn't collaborate with the Nazis, and I think the only one that waives account maintenance fees for US Veterans. Not a shill, just been a WF customer for a really long time. My purchase history would have gotten me banned from just about any other bank.
So... qq... is this backed by a money market savings account?
Wells is closing out a couple of big mutual funds they picked up from acquired banks they were using to cover savings account interest. IDK exactly why; either it had something to do with Warren Buffet pulling out or they failed a couple key liquidity and investment risk measures last month- FINRA and the SEC are getting spooked.
And before you go shitting on Wells in general, they're the only bank left still lending to gunmakers and pro-2A businesses. They're also the only major bank that didn't collaborate with the Nazis, and I think the only one that waives account maintenance fees for US Veterans. Not a shill, just been a WF customer for a really long time. And my purchase history would have gotten me banned from just about any other bank.
So... qq... is this backed by a money market savings account?
Wells is closing out a couple of big mutual funds they picked up from acquired banks they were using to cover savings account interest. IDK exactly why; either it had something to do with Warren Buffet pulling out or they failed a couple key liquidity and investment risk measures last month- FINRA and the SEC are getting spooked.
And before you go shitting on Wells in general, they're the only bank left still lending to gunmakers and pro-2A businesses. They're also the only major bank that didn't collaborate with the Nazis, and I think the only one that waives account maintenance fees for US Veterans.