No free entry and exit

Sybil Star blog says we should be getting the same rate as member banks at the Fed. 

As stated in the Wall Street Journal, "The Federal Reserve defended having the flexibility to set interest rates by using relatively new tools that include paying interest to banks, in its semiannual report to Congress on Friday."
For those of you who are subscribed, see the whole articlehere.
Creating money and inviting the banks to park it at the Fed, with interest, is theft, in my opinion.

Have you any savings at all?  (Hopefully.). Have you noticed the rate of interest you are earning?  (Probably less than 1 percent unless it's in a CD.) 

Member bank status is essentially a government monopoly.  If member banks get freebees from the Fed than that is a fourth amendment violation.  Instead entry into the Fed system needs to be congestion priced and made available to all who pay the market fee.

No free entry or exit and the central bank will cycle.  The member banks, as a holder of reserves, is a fixed volume, the reserves are variable. To avoid cycling the member banks should be congestion matched to reserves, accomplished via priced entry and exit.  The  job of the currency issuer is to match the typical sequence of loans and deposits to each other.  Typical is the key to congestion matching, and free entry and exit will select the typical players for the current conditions.