You are free to choose where you want to place your money.
I agree it is stupid that while we're the lender, we don't have a
say in the interest rate. But we can choose NOT to put our money in
the banks if we have other better options.
If the consumer is not savvy enough about other investment
instruments, then his/her choices are limited and I say "too bad".
In this case, be happy enough you're getting returns for placing
your money somewhere.
But putting fixed deposit is not so bad after all - it's almost
completely risk-free, hassle-free.
