Good enough for whom, though? I think if we want to appeal to a larger financial audience, we need to play the financial game. It's hardly complicated. I can imagine moving HBD to saving, and then the popup that already happens has a drop down menu to select which choice vault, then click OK. Done. I'm sure it'll be a bit more chaotic on the base layer but users probably won't be affected.
Though I don't see why the current status quo couldn't also just be one of those options (albeit with reduced APR because 20% with no commitment is hard to trust)
Why do we want to be like the Existing Banks ? We already have those … If I want bonds I go to the bank and buy bonds, CD’s , GICs… if I want to stake my crypto with the Hive Blockchain I park it in HBD savings forever. If I want to earn a good interest rate I leave it there and add more every day. If I don’t want to earn compounding interest I move it back to Hive Power and earn from Curation. More coins on 2nd layer that I need to exchange on Hive-Engine is adding layers of centralized control and fees.
We already have banks yeah, but we don't want them as centralised as they are. If we want to offer a viable alternative, it's smart to provide what the rest of the world provides, but better, rather than a hollowed out version of it that might not suit every lifestyle.
The HBD savings was never meant to be 20% forever, and will likely drop eventually to rates lower than my own country's current inflation rate. I would prefer the option to counter-act that inflation by holding it longer term, while also not being beholden to the whims of centralised banks who shut down out bank accounts arbitrarily.
I guess I don't really deal with any other 2nd layer coins and tokens so perhaps it seems overwhelming for the people who do, but for me it seems perfectly straight forward on the face of it.