Banks sitting on billions in savers' money as interest rates rise
Published . Updated .
Covered by 2 outlets: cedarnews.net, ABC News & Headlines – Australian Broadcasting Corporation.
Banks sitting billions: Four interest rate hikes have added hundreds of dollars to mortgages each month, but the story is different for savings accounts.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.9% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “interest rates” (US interest rates) in this story.
- XLF Financial Select Sector SPDR-3.5% 30d
Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story.
- XLRE Real Estate Select Sector SPDR+1.3% 30d
Real Estate Select Sector SPDR: it holds property and homebuilding stocks. Linked by “mortgage” (real estate) in this story.
- JPM JPMorgan Chase-4.3% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
- BAC Bank of America-11.1% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
- DHI D.R. Horton+4.7% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “interest rates” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | -0.20% | -1.03% | base | after close | after close | after close | after close |
| IEF | -0.69% | -0.98% | base | after close | after close | after close | after close |
| XLF | -0.87% | -0.73% | base | after close | after close | after close | after close |
| XLRENo price data for this ticker | — | — | — | — | — | — | — |
| JPM | -0.92% | +0.67% | base | after close | after close | after close | after close |
| BAC | +1.08% | +1.74% | base | after close | after close | after close | after close |
| DHINo price data for this ticker | — | — | — | — | — | — | — |
| SCHWNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Banks sitting on billions in savers’ money as interest rates rise cedarnews.net
Source: cedarnews.net
Select Sector Spdr Tr (XLF) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | three days earlier | +1.74% | final price |
| Bank Of America (BAC) | five days earlier | +1.08% | final price |
| IEF | three days earlier | -0.98% | final price |
| IEF | five days earlier | -0.69% | final price |
| Jpmorgan Chase (JPM) | three days earlier | +0.67% | final price |
| Jpmorgan Chase (JPM) | five days earlier | -0.92% | final price |
| TLT | three days earlier | -1.03% | final price |
| TLT | five days earlier | -0.20% | final price |
| Select Sector Spdr Tr (XLF) | three days earlier | -0.73% | final price |
| Select Sector Spdr Tr (XLF) | five days earlier | -0.87% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought IEF (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 52 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 57 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 57 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 65 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 52 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 68 days before publication. Filed 16 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 75 days before publication. Filed 8 Oct 2026. View the filing.
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 52 days before publication. Filed 21 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 36 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $15,001 - $50,000 on 17 Sep 2026. That is 44 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Wells Fargo (WFC) (held by a dependent child), worth $1,001 - $15,000 on 15 Sep 2026. That is 46 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Select Sector Spdr Tr (XLF)
Companies carried with this story
- XLF Select Sector Spdr Tr
In “Banks sitting on billions in savers' money as interest rates rise,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story
- KRE Spdr Series Trust
For “Banks sitting on billions in savers' money as interest rates rise,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “banks” (banks) in this story
- EWA Ishares Inc Msci Australia Etf
Ishares Inc Msci Australia Etf (EWA) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “Banks sitting on billions in savers' money as interest rates rise.” Reason on file: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”)
- BWX Spdr Series Trust
In “Banks sitting on billions in savers' money as interest rates rise,” Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence. Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Australia
- EFA Ishares Tr
Ishares Tr (EFA) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “Banks sitting on billions in savers' money as interest rates rise.” Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia
- JPM Jpmorgan Chase
In “Banks sitting on billions in savers' money as interest rates rise,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story
- BAC Bank Of America
In “Banks sitting on billions in savers' money as interest rates rise,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story
- WFC Wells Fargo
Wells Fargo (WFC) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “Banks sitting on billions in savers' money as interest rates rise.” Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “banks” (banks) in this story
Select Sector Spdr Tr (XLF)
Select Sector Spdr Tr (XLF) is the company in “Banks sitting on billions in savers' money as interest rates rise,” the 31 Oct 2026 this story story.
What ties Select Sector Spdr Tr (XLF) to the headline is this: Financial Select Sector SPDR: it holds banks. Linked by “banks” (banks) in this story
A second company, Spdr Series Trust (KRE), is listed for a different reason: SPDR S&P Regional Banking ETF: it holds banks. Linked by “banks” (banks) in this story
The price range for Select Sector Spdr Tr (XLF), and the dates in the story
EWA traded between 27.76 and 29.31 across 20 sessions. The latest close on file is 29.12. KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.
What the saved facts support for Select Sector Spdr Tr (XLF)
54 out of 100
“Banks sitting on billions in savers' money as interest rates rise” scores 54 out of 100. The score uses 2 sources, and 8 linked companies.