Several years ago I went into a bank to do some business and I had always been aware that savings account were paying an interest rate below that of the inflation rate, so what makes it a savings account if you can’t get ahead? Anyway this day I was going to do some business with the bank and I asked about this from the person I was dealing with who said something like "Don’t worry sir we have special savings account for depostiers with large sums of money and guess what, I now earn interest that is above the inflation rate. Wow good for me now that saving every last penny isn’t an issue I can earn more money from the banks. This struck me as curious but anyway, sometime later I had read that banks were raising fees on this and that and the other thing because as a service banks couldn’t afford to keep these services running at what it was costing them. The thing about this that really pissed me off was an investor notice I got some weeks later which was soon after confirmed in news papers and it said something like, “an offset in expenses has lead to record profits”. Kind of scary banks can’t afford to maintain services but can still make record profits.
I know this is only a rant but hey what the hell, anyway this morning I decided to try this, I googled (“record profits” +banks) results 10,100 pages I then tried the same with (“loosing money” +banks) results 21,200. I don’t know what this means and I know this is probably pointless but that only means I have the right forum.
I guess the banks must really be in debt something fierce, then!!! I mean, imaging how many google hits you would have gotten if you would have googled “losing money” 
Banking has changed. Banks can no longer make money on the “spread” between interest expense on deposit accounts (cost of funds) and interest earnings minus expenses on loans (net revenue).
Banks have thus increasingly been looking to fees to offset expenses. That some banks have been recording record profits indicates that this strategy is working. This does not necessarily mean that you are being “ripped-off”.
Like all investments, you should consider returns, costs, and risks on savings accounts. Since there are virtually no risks (insured by FDIC) it is reasonable to expect a significantly lower return.
Banking is not my forte just a thorn in my side, I am quite likely wrong but hey I just don’t think it’s right to advertise “savings” when it’s not going to help you save if your at the lower end of the economic scale as I was when I was younger.
The one thing that really got me was “special savings accounts” for people with larger deposits. As I’ve said money is not the issue for me, now that I have money and prefer investment accounts rather than savings accounts. The point I’m trying to make is that it has always seemed to me that calling it a “savings account” when your actually losing money should be wrong. Then again I think the banks would have a hard time advertising an account called “cost account”. I don’t know just seems that if your the little guy then the odds are certainly stacked against you. I had always assumed maybe wrongly that banks were originally designed to help people, friends and relative who work for banks all seem to be doing very well and the profits always seem to be there except when iot come time to raise rates.
Ludovic ummm yeah what you said, damn keyboard again. 