Bank Account interest rates extremely low

Governments have told them to do that.

I read a report before Christmas that said something like 25% of all cash out there is sat at home.
Not even in a bank account !

Governments want people to spend money and in so doing re-float their respective economies without the government needing to borrow so much.
So they pay savers next to nothing to encourage spending (supposedly)

Of course. This doesn't take into account the fact that there's a worldwide pandemic going on !
This doesn't take into account the fact that wages have been low for almost a decade now !
This doesn't take into account the fact that political planning has been so poor, people who have had their fingers bitten already by covid related policy screw ups, trust neither bank nor government to keep either them nor their savings safe !

Banks used to be a simple investment for the investor who 😷didnt want a fuss. Now they are transaction facilitators, who move money for a fee. Having said that, its impossible to get a decent low risk return these days. Use the bank, or keep it in a sock draw. There will be little difference for a while.

That's pretty high actually. My interest rate has been 0.1% most of the year and there have been talks about making it -0.1%.

Welcome to the world, son. I've read about interest rates being in the double digits at one time. That would have been fancy enough for me, but sadly it did not last.

some rates in sweden are negative 🤦‍♀️