AI agents could trigger an agentic bank run by moving consumers' money from banks paying 0.1% to fintechs offering 3.3–5.0%

28 Sep 2026LinkedIn13 reactions · 10 comments

According to Apollo Global Management's chief economist, AI agents could trigger an agentic bank run by moving consumers' money from banks paying 0.1% on average to fintechs offering 3.3–5.0%.

Apollo chief economist Torsten Slok's note, "Is an Agentic Bank Run Coming?", with a chart of fintech deposit yields versus the 0.1% national average — Torsten Slok, Apollo Global Management, 27 September 2026 — fintech deposit yields of 3.3–5.0% against the 0.1% national average on checking accounts

My prediction, from the comments: agents will push banks to pay closer to the Fed rate for savings.

Fintechs often cap the balances eligible for their highest rates to protect margins, so I'd expect rates to settle at higher levels but not continue ratcheting up.

Moving $5k from 0.1% to 3% adds ~$12/month. Agents care about optimisation for its own sake. Humans don't.