My Bank pays me an interest rate of 0.466% [I Hate Banks]

So pathetic that I wrote to them to voice my displeasure
They wrote back stating that they are in line with other banks.
What interest does your bank offer, if you do not mind disclosure?

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TheOneyouwerewarnedabout · 41-45, MVIP

Almost like they sit around smoking cigars laughing their tits off.. whilst conspiring to make sure we all get a shit deal.

Imagine if one broke away and offered a way better deal.. would they not steal all the other bank bizz?

So why dont they?

CRONY capitalism

Gusman · 61-69, M

@TheOneyouwerewarnedabout I am about to write to my bank again and say exactly that.
If you raise your interest rate to 5%, the influx of deposits would make you one of the most profitable banks.
I will let you know their response in a week or so.

TheOneyouwerewarnedabout · 41-45, MVIP

@Gusman $50 you wont get a reply.. we’re not meant to be smart enough to ask reasonable questions

Gusman · 61-69, M

@TheOneyouwerewarnedabout I got a reply when I questioned them dropping the interest rate from .6% to .466%.
So I think they will reply. I might say I will be taking my money out and putting it under my bed😄