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.

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OnchainArchaeologist

· 7h ago

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

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FadCatcher

· 7h ago

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

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SerumDegen

· 7h 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

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ApeShotFirst

· 7h ago

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

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ZKSherlock

· 7h 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

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CryptoMom

· 8h ago

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

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