> savings accounts are a terrible, terrible way to invest your money. If you have money in a savings account for the purpose of earning interest, you're doing it wrong.
Agreed.
> And really, interest on savings accounts shouldn't register for anyone looking for a bank account
Disagreed. Emergency funds/long-term cash deposits are a real and valuable thing, and while it's true that any money in a savings account loses value to inflation, you'd be crazy to not try to minimize the gap between your interest rate and inflation as much as possible. The difference between a 0.1% interest rate at Chase (or whatever) and ~2% at Ally is huge (I realize no one has 2% interest rates anymore, but those numbers were both roughly accurate before Covid).
Agreed.
> And really, interest on savings accounts shouldn't register for anyone looking for a bank account
Disagreed. Emergency funds/long-term cash deposits are a real and valuable thing, and while it's true that any money in a savings account loses value to inflation, you'd be crazy to not try to minimize the gap between your interest rate and inflation as much as possible. The difference between a 0.1% interest rate at Chase (or whatever) and ~2% at Ally is huge (I realize no one has 2% interest rates anymore, but those numbers were both roughly accurate before Covid).