OnlyPolls on Sidechat | Would you accept a lower CD rate, if it meant the bank would make a loan to a first-time homebuyer at a lower rate? Which Certificate of Deposit would you select?

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Would you accept a lower CD rate, if it meant the bank would make a loan to a first-time homebuyer at a lower rate? Which Certificate of Deposit would you select?

#poll

Pays you 6%; charges buyer 7%

Pays you 3%; charges buyer 5%

105 votes

Anonymous 6w

Why would I take anything lower than the risk free rate? The bank can go ahead and accept a thinner spread if it wants to give borrowers a lower rate, depositors shouldn’t be the ones suffering

Anonymous 6w

really surprised by these results, why would we freely choose to make less money? your cd isn’t 1:1 a loan for someone else, it’s all one big fund. This is like walmart telling their employees “if you guys accept lower pay, we can have lower prices!”