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For what it's worth the claim is "2x the national average in interest", the national average in interest is incredibly low as many people have their money in checking/savings accounts at large banks with near 0% interest rates. It's very possible to give people twice the national average and still make money on the spread between that and the ~5.5% short term treasury yield.

Marcus by Goldman Sachs claims their rate is "8x the national average" at 4.40% and I'm sure they're making money just fine too.

> You don't make money by paying people twice as much interest as everyone else.

The national average is only 0.46%, according to https://www.marketwatch.com/guides/savings/average-savings-a...

I checked many other sources, all reporting in the 0.45-0.6% range.

Meanwhile, there are plenty of banks that offer 5% or more. So merely being twice the average is actually still pretty low.

Not all investors are only interested in making money. That's why so many investment vehicles take into account ESG scores. Or why people refuse to invest in cigarette companies.