On some small accounts, the fees are so high and the interest is so low that the savings dwindle rather than accumulate.
This is not on the radar screen of the banking industry right now. They're not interested in small depositors.
They simply do not understand the power of making small regular contributions.
It's a small industry that sells protection in the event you can't make your payments. Essentially, you buy it and it's very expensive; it's not a good deal.
It prevents credit unions from extending their services to small employee groups.