In germany. I don’t know how long these offers will be available but some banks already reduced the interest to 1,75% or something. I just switched bank for my emergency fund. I’m trying to be above the inflation rate which is currently something around 2,5%
I am not endorsing this because I don’t have it myself and know nothing about it beyond this, but the savings account Apple introduced a year or two ago has 4.5% interest.
A quick glance suggests most of those really high ones are time-limited bonus offers, but other places are doing quite high interest in general e.g. Marcus is paying 4.75%.
Where in the fuck are you getting 3% interest??
6mo CDs: up to 5.3%, no minimum
Bank Norwegian is currently at 3.25%. Of course at times of 4% inflation it’s not enough
Around here, it’s usually not at a local physical bank. My online high yield savings is currently at 4.5% though; that’s where my emergency funds are.
In germany. I don’t know how long these offers will be available but some banks already reduced the interest to 1,75% or something. I just switched bank for my emergency fund. I’m trying to be above the inflation rate which is currently something around 2,5%
I am not endorsing this because I don’t have it myself and know nothing about it beyond this, but the savings account Apple introduced a year or two ago has 4.5% interest.
I’m sure anyone reading this in the UK is already aware of MSE but just in case: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#easyaccess
A quick glance suggests most of those really high ones are time-limited bonus offers, but other places are doing quite high interest in general e.g. Marcus is paying 4.75%.
Here’s a few lists I might use (Finnish):
Just over 3% is common. Terms and conditions may apply. Your local selection might naturally be different.