I'm baffled by how chase, bofa and the big retail banks have any customer at all who keep saving accounts with them. There literally doesn't seem a point other than to donate about 3% of that total to them each year in lost income. Or get short term Tbills for 4%.

There's a ton of reputable larger online banks giving 2.5 to 3% interest. Having a chase, wells fargo, or bofa savings account with 0.0X% is unfortunate. They are just preying on older or less financially savy customers.