The interest rate is a side issue for me because I don't and have never collected interest (I'm against usury on principle). The primary reason is that you, I and everyone else's dough in any type of bank account belongs to them; we become unsecured creditors. Sure, they'll hand it back on demand. That's until they cannot or will not. It's why bail-in laws are on the books here, throughout the EU, the USA and quite recently Australia joined them. The idea is should banks blow-up again 2008-style it won't be governments that will bail them out but their depositors and shareholders who will become bag carriers.