Sep 14, 2026 · 25 min · 15 segments
Two segments this week, one theme: the systems that quietly collect from you and the two-minute checks that stop them. First, Matt walks off 15 years at Chase after a balance-chasing incident cost him…
Matt TheriaultHost
And look, if you're saving Sid at Chase or any of the big banks, you're familiar with the $1 a year they pay you for every $10,000 you keep there.
Because if you're anything like me, Here's what would likely push you over the edge.
First, the real math on what staying is costing you because it's much bigger than that $1.
Then the number the FDIC doesn't print on the sticker because the insurance behind your deposits is not what you think it is.
And then there's one two minute check to run before you move a single dollar anywhere.
So how does a bank pay you $1 a year and keep a straight face? Picture this, a friend borrows $10,000 from you.
A year later, he hands you back one crumpled dollar and thanks you for your patience.
You'd probably call that a slap in the face, right? And you'd stop lending to that friend.
They then turn around and lend your money to someone else at 7% on a mortgage, 20-something percent on a credit card.
So where does the rest go? Well, it pays for the branch on the corner, the brand new tower on Park Avenue, the bank's name on an NBA arena.
because someone has to keep Steph Curry's locker room stocked with Gatorade, meaning every dollar of overhead you can see is a dollar they're not paying you.
And there's plenty left over because I know Chase's parent company cleared about $58 billion in profit last year.
Your cut was $1, two thirds of a Costco hot dog, By the way, at .01%, doubling your money takes about 7,200 years, meaning if a pharaoh had deposited $10,000 the day the pyramids were finished, he'd still be waiting for it to double.
His organs are in jars, sitting on a shelf in the Grand Egyptian Museum, still waiting.
And look, if you're saving Sid at Chase or any of the big banks, you're familiar with the $1 a year they pay you for every $10,000 you keep there.
Because if you're anything like me, Here's what would likely push you over the edge.
First, the real math on what staying is costing you because it's much bigger than that $1.
Then the number the FDIC doesn't print on the sticker because the insurance behind your deposits is not what you think it is.
And then there's one two minute check to run before you move a single dollar anywhere.
So how does a bank pay you $1 a year and keep a straight face? Picture this, a friend borrows $10,000 from you.
A year later, he hands you back one crumpled dollar and thanks you for your patience.
You'd probably call that a slap in the face, right? And you'd stop lending to that friend.
They then turn around and lend your money to someone else at 7% on a mortgage, 20-something percent on a credit card.
So where does the rest go? Well, it pays for the branch on the corner, the brand new tower on Park Avenue, the bank's name on an NBA arena.
because someone has to keep Steph Curry's locker room stocked with Gatorade, meaning every dollar of overhead you can see is a dollar they're not paying you.
And there's plenty left over because I know Chase's parent company cleared about $58 billion in profit last year.
Your cut was $1, two thirds of a Costco hot dog, By the way, at .01%, doubling your money takes about 7,200 years, meaning if a pharaoh had deposited $10,000 the day the pyramids were finished, he'd still be waiting for it to double.
His organs are in jars, sitting on a shelf in the Grand Egyptian Museum, still waiting.
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