I understand the nudge, but my comment was qualified by a statement that is essentially "savers are already joint investors in the operations of a bank." On pr

I understand the nudge, but my comment was qualified by a statement that is essentially "savers are already joint investors in the operations of a bank." On principle, receiving a guaranteed negative return for providing an investor your own capital is very unnatural. With regard to fees: the only reason banks charge them is due to the fact they believe that the possible returns from low income customers will never match their cut of the investment. The fact that this interest rate also applies to high income customers exposes the "what about fees" argument. This is about incentivizing moving capital out of the safer investments that bank make (homes, relatively light personal loans, modest business loans) into equity markets. As true "savings" rates in the form of completely unallocated capital is low, my guess is this is pushing on a string.