I think a lot of the issue is that the model of banking has changed. Once upon a time, the business model was that the customer deposits savings, then the bank

I think a lot of the issue is that the model of banking has changed. Once upon a time, the business model was that the customer deposits savings, then the bank loans out that money, and the interest they collect is the profit. But with unlimited free money from the fed, why bother? The fact is that they don’t actually want your money any more. It’s just a hassle to keep track of. They get a lot more money by charging overdraft fees than by loaning your money out anyway. So why should they be eager to compete for savings deposits?