…and Apple doesn’t make one - apart from maybe the base ~$400 iPad.
This is where the cognitive dissonance of defending Apple’s RAM and SSD specs creeps in: every other aspect of the M4 Mini is wildly excessive for “banking, basic spreadsheets etc.” - that’s a job for a $400 iPad, $200 Chromebook or <$400 PC Laptop. You don’t need a 10 core processor for that, or a 10 core GPU, a neural engine, or 3 x 40 Gbps Thunderbolt that can support multiple 6k displays… yet, somehow, that’s all fine and dandy, and everybody celebrates that it’s 40% faster than the machine that was already over-specified for your job last year… but RAM and SSD…. Oh, no, customers don’t need that, they’re OK with 2014 specs for just those particular two things…
The Mac Mini is a premium machine and should have premium specs all-round - If you want to buy one for basic productivity that’s OK but there are far cheaper solutions that provide what is - increasingly - just a web browser.
Currently, it’s a luxury sedan with no back seats and a 1/2 gallon gas tank (both expandable for the price of a second whole car…) because, you know, many people only need to drive, alone, to the store and back…
(But the new model comes with a 1 gallon gas tank, so that’s alright then…)