If community banks and credit unions were unaware of the threat of investment platforms taking their deposits

Unifimoney Communications

If community banks and credit unions were unaware of the threat of investment platforms taking their deposits. Webull just upped the ante considerably with an 8% APY promotion on uninvested cash. Building on what Wealthfront started with a 5.5% APY heavily marketed offer that saw their AUM double to over $50bn in only a year or so. Those CD's are going to struggle against these offers and the explosion of interest and investments in Money Market Funds.