Interest Rates on Deposits, by Bank:

1. Wells Fargo: 0.15%

2. Citibank: 0.05%

3. Chase: 0.01%

4. Bank of America: 0.01%

5. US Bank: 0.01%

Rates on Alternatives to Bank Deposits:

1. CDs: 5.0%

2. Money Market: 4.5%

3. Treasury Bonds: 3.0%

This is the real reason why a record $1 trillion has left banks over the last year.

The era of "free" money for large US banks is coming to an end.

They must raise interest paid on deposits or capital will continue to leave.