Why Are People Leaving Money in Bank Deposits?

According to Bloomberg reporting, it was in the crypto sector. If I were running Circle, I would have had 98% of my deposits in T-bills and T-notes. The real issue is if you look at bankrate.com, they'll tell you the average savings account rate is. 25 or 23%. So one has to ask oneself the question, why are people leaving money in bank deposits?