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Well, I definitely do not agree to the above statement that we enjoy competitive rates or rather, if we do that, at what cost to society. A bank should be a boring institution and ensure stability, exactly the opposite of what is presently going on. Interest rates are manipulated by the Central Banks and the risk premium (part of the interest rate) is being close to nil as all risks are allocated to the Governments (actually the tax payer) who will transfer losses to the tax payer when the shit hits the fan. All the while those in charge continue to enjoy their perks and benefits instead of rotting in jail.