> Retail banking in general makes boatloads of money, and deposits are central to this now that we're out of zero-interest-rate-land.

Talking about banking in general is generally a huge mistake. While deposits may be central, retail deposits are irrelevant for the banks that do > 70% of banking.

> now that we're out of zero-interest-rate-land.

Doesn't matter to them.

▲

loloquwowndueo an hour ago | parent [-]

> retail deposits are irrelevant for the banks that do > 70% of banking.

We’re talking about an individual sticking it to the bank he has an account with by cancelling it. Retail sounds entirely relevant here.

	▲	bigbadfeline an hour ago \| parent [-]
		The bulk of deposits in those banks don't come from individual retail and thus the individual's got no sticking power. Citibank interest rate on savings accounts is less than 1%, more like 0.1%, and there are account fees too. They're telling you load and clear "We don't want your money" - you can't argue with that empirical evidence, straight from the horse's mouth.