“Plus Banks exist to turn small short term money into big long term money.”
Banks exist to make 20k on top of that 10k they loaned you. The only winner there is the bank...
No, in a perfect world I’d get 3% real interest from parking my idle ca$h at the Bank.
Banking is a highly competitive industry.
If a bank tries to charge too much, customers will go elsewhere. Other banks will undercut them to win the business. Interest rates aren’t arbitrary—they’re shaped by competition, risk, and market forces. If banks were truly gouging people, new lenders would step in to offer better deals.