2026-01-15 20:33:09

Why are savings rates so all over the place? Simple answer: people don't bother shopping around.

Savings rates work like any other market—the better offers go to those willing to look. Take a look at what's actually out there:

Capital One: 3.3%
Ally: 3.3%
Marcus (Goldman Sachs): 3.65%

The gap widens when you dig deeper. Most consumers stick with their bank's default rate because switching feels like a hassle. Banks know this. They price accordingly. Meanwhile, the ones offering better terms are betting on attracting rate-conscious savers.

It's pure market dynamics—lazy money stays cheap, attentive money gets rewarded.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
6
Repost
Share

Comment

0/400

OnchainArchaeologist

· 3h ago

Basically, it's the lazy person's tax. Banks are really good at playing this trick.

View OriginalReply0

FadCatcher

· 3h ago

To be honest, most people are just too lazy to bother, and banks have taken advantage of this.

View OriginalReply0

SerumDegen

· 3h ago

ngl this is just whale watching but for normies lmao... banks literally counting on your laziness to keep spreads fat. classic market structure play, except instead of liquidation cascades we got people too tired to move their cash. that's the real rekt energy fr fr

Reply0

ApeShotFirst

· 3h ago

Wow, really? Just 35 basis points more and you could make this much, and you're still too lazy to switch banks?

View OriginalReply0

ZKSherlock

· 4h ago

actually... this is just information asymmetry wrapped in market mechanics, yeah? the real problem isn't laziness—it's that banks have designed the entire UX to obfuscate rate differences. like, they're literally counting on your friction costs exceeding the marginal gain. pretty classic rent-extraction pattern tbh

Reply0

CryptoMom

· 4h ago

Basically, it's the lazy person's tax; banks are confident that we don't want to bother.

View OriginalReply0