Source of quoted texts: islamqa.com.
"Those who eat Ribaa will not stand (on the Day of Resurrection) except like the standing of a person beaten by Shaytaan (Satan) leading him to insanity. That is because they say: "Trading is only like Riba," whereas Allaah has permitted trading and forbidden Riba. So whosoever receives an admonition from his Lord and stops eating Riba, shall not be punished for the past; his case is for Allaah (to judge); but whoever returns (to Riba), such are the dwellers of the Fire — they will abide therein"
And it was proven that the Prophet (peace and blessings of Allaah be upon him) cursed the one who consumes riba and the one who pays it. Narrated by al-Bukhaari, 5962. In the transaction asked about here, both the individual and the bank are giving and taking riba. The Prophet (peace and blessings of Allaah be upon him) said: “A dirham which a man consumes as riba knowingly is worse before Allaah than thirty-six acts of zina.” Narrated by Ahmad and al-Tabaraani; classed as saheeh by al-Albaani in Saheeh al-Jaami’, no. 3375. And he said: “There are seventy-two types of riba, the least of which is like a man committing incest with his mother.” Narrated by al-Tabaraani in al-Awsat; classed as saheeh by al-Albaani in Saheeh al-Jaami’, no. 3537.
Assuming Riba here means Interest, similar to the Interest you receive in a bank savings account. I can clearly see that we have been told that Interest is one hell of a bad thing. What I can't see is
why? Why is Interest such a bad thing other than the above facts what we have been told it's bad. Why exactly is receiving 1% interest on your savings so bad that its thirty-six times worse than zina?
If I have $100 USD in my bank account, and at the end of that year I have a total of $101 USD in my account because the bank account gave me 1% interest, that seems so harmless compared to thirty-six acts of zina... So that $1 of interest received after a whole year is comparable to thirty-six acts of zina?
Don't get me wrong, I accept that Interest is haraam, I accept that we have been told that it is haraam, but
why is it such a big evil? If I could hold both evils in my hands, the $1 USD of Interest looks so minor compared to committing incest with your mother...
I am basically looking for an answer, which explains how $1 USD of interest after a year can be compatible to committing incest with your mother. Committing incest with your mother is such an evil act, but taking $1 USD of interest from the bank is such a minor thing, no one is harmed in such a transaction.
So my question, why is Interest such a bad thing according to Islam?
Sunni view preferred please.