Eric Trump: Major American banks are actively lobbying to prevent the American public from obtaining higher deposit yields

DeepFlowTech · 2026-03-05T03:04:09+00:00

Eric Trump pointed out that major U.S. banks are lobbying to prevent the public from earning higher deposit yields, with current savings account interest rates at only 0.01%-0.05%, a huge gap compared to the over 4% interest rate paid by the Federal Reserve. He believes that the banking industry is taking action against cryptocurrency platforms, using legislation to maintain a low-interest-rate monopoly.

DeepFlowTech

2026-03-05 03:04:09

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Deep Tide TechFlow News, March 5th, Eric Trump, the second son of Donald Trump, posted on social media that major U.S. banks (such as JPMorgan Chase, Bank of America, Wells Fargo, etc.) are actively lobbying to prevent Americans from earning higher deposit yields. These banks offer only 0.01%-0.05% annual interest on regular savings accounts, while the Federal Reserve pays them interest rates exceeding 4%, creating a record-breaking profit margin.

Eric Trump stated that the banking industry is taking action against cryptocurrency and stablecoin platforms, which plan to offer yields of 4-5% or higher. Lobbying groups like the American Bankers Association are pushing legislation such as the “Clear Act,” claiming to promote “fairness” and “stability,” but in reality, they aim to restrict these high yields to protect their low-interest rate monopoly and prevent deposit outflows.

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