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Re: interest, this isn't technically correct, though the rate is 0.01%. See: https://simple.com/faq/#interest and https://simple.com/policies/rates/

The lack of outgoing ACH transfers is what's keeping me from doing the bulk of my banking through Simple. As it stands, I throw money into it every once in a while, but it's a novelty, largely. Once I can transfer to my local bank for large cash withdrawals, I'll switch to Simple for most of my business.

Unless your account offers >3% interest, saving your money in a bank loses you money. The only question here is how much.