They screw you all the time.
#EndAllBanks
Indeed, the current targeted FED FUNDS RATE the rate at which banks borrow from each other—
is between 0.25% and 0.50%,
well above the 0.01% to 0.02% interest rate the Bank of America pays YOU on a standard checking deposit.
The banks don’t need your money; it’s just cheaper for them to borrow from you than it is to borrow from other banks and the FED.
End it all.