Low Interest Rates No Concern: Bank Deposits Soar To Record Levels

Here is an equation we couldn't understand - with interest rates for bank deposits at near all time lows, we spotted this today:

"Americans are pumping money into bank accounts at a blistering pace this year, sending deposits to record levels near $10 trillion ...

In the last three months, accounts at U.S. commercial banks have increased $429 billion, or 10%, almost double the increase for all of last year."

Statistics Source: CalculatedRiskBlog