Fair

The short answer is no.

Even though interest rates are rising, many big banks will choose to continue paying low interest rates on savings accounts simply because they can. There's not enough competition to force them to do otherwise. You can examine the federal funds rate (the interest rate banks charge each other to borrow or lend overnight) and see that it's risen substantially. As recently as May it was 0.8%. At the end of July it was 2.3% - an increase of 188%. Over the same timeframe, the national average interest rate on savings accounts has only risen from 0. 7% to 0.11% - a 57% increase.

If anything, Fair has been paying it forward and will continue to do so.