Make Your Money Matter
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1 (877) 242-7372www.chase.com
Bank of America
1 (800) 432-1000www.bankofamerica.com
1 (800) 869-3557www.wellsfargo.com
1 (800) 745-1534www.citibank.com
1 (800) 872-2657www.usbank.com
1 (888) 810-4013www.capitalone.com
1 (888) 762-2265www.pnc.com
1 (888) 751-9000www.tdbank.com
State Street Bank
1 (217) 223-6480www.statestreetbank.com
1 (800) 975-4722www.us.hsbc.com
Branch Banking and Trust
1 (800) 226-5228www.bbt.com
1 (800) 786-8787www.suntrust.com
Fifth Third Bank
1 (800) 972-3030www.53.com
We take the Big Bank’s declared Net Interest Margin – a common percentage that reflects how much they stand to earn through borrowing – and then multiply it by your total deposits for the year*.
Of course, this isn’t an exact science. It’s just meant to illustrate, on average, how much the Big Banks made off your deposits.
An average weekly deposit of $1,000 at JP Morgan Chase (NIM=2.73%) would have contributed to a total of:
-The weekly deposit amount is fixed over 52 weeks.
-There are no withdrawals during the 52-week period.
-The NIM percentage for each bank is static for the 52-week period.
-The NIM percentage for each bank is based on the NIM for Q4 2012.
-NIM formula and data source: http://bankreports.com
Enter a weekly deposit amount above $1.00 to see the results.
Unless you actually do make that much. In which case, can we be friends?