[quietthrow]

Not sure I fully agree. The bank does not just hold my money. It’s going to turn around and lend some of thst money and make a decent return and especially in a high interest environment. They wouldn’t be able to do that if I didn’t keep my deposit with them. My risk is non existent because of the govt and not because of the banks clean character of protecting my money.

[landa]

Yes, so they take risk, and they should get a return. You will get your money no matter what, so your return is close to nothing. There's no greed or deception here – it's just market forces. If you want a higher return, buy a bond like the bank.