US banks made $200B from higher interest rates

America's three biggest banks raked in nearly $200 billion from higher interest rates last year - yet have failed to pass on bigger yields to savers.

The 's relentless tightening cycle has taken interest rates to a 22-year high - boosting the amount JPMorgan Chase, Bank of America (BofA) and Wells Fargo can charge on loans to customers.

But analysis by DailyMail.com shows that all three have failed to raise the annual percentage yield (APY) on their basic savings accounts beyond 0.01 percent.

Load More