US citizens putting more money in banks than ever

[Tnoy30]

New figures show that bank deposits have gone through the roof—but is this a good thing?
Banks have more cash than ever before—largely due to the coronavirus pandemic, figures from the Federal Reserve show. 

Deposits have never been so high—growing by $865 billion in April alone, CNBC reported. Deposits in total have increased by $2 trillion since January after record amounts of cash were pumped into US bank accounts to help with COVID-19 chaos. Money in bank accounts now stands at a whopping $15.4 trillion, June figures show.
Read on: https://decrypt.co/33061/us-citizens-putting-more-money-in-banks-than-ever