Bank of America now Offers a whopping 0,01% Interest Rate onto your Savings Account: How can Crypto just Compete against that?

Bank of America now offers 0,01% interest rate onto your savings account.

Meaning that you earn a whopping $1 for every $10,000 in your account. How can we just compete against that? (Maintance fees they charge for some accounts are $8/month)

Even better, some banks have started charging negative interest rate onto savings accounts, meaning that you lose a percentage of what you save on top of inflation.

With CryptoCurrencies like Ethereum just having a 440% performance this year, how can banks just be so competetive against Crypto and offer us 0,01%?

Charging extremely low interest rates or even negative is basically a scam directed at people who just dont know better (often older people), basically a near white-collar crime on unsuspecting people.