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yeah its not clear but that seems to be the case. Meanwhile in the US I am getting 4.5% of a few high interest savings accounts I have open, I am not sure if th

yeah its not clear but that seems to be the case. Meanwhile in the US I am getting 4.5% of a few high interest savings accounts I have open, I am not sure if these options are available to Europeans but if they are there are banks that are paying really good interest rates. That being said the major US banks are offering absurdly low interest rates and I just use them for a checking account and nothing else.

toomuchtodo 3y ago
Europeans can get exposure to dollar interest rates but that brings along currency risk between USD and EUR.
ChuckNorris89 3y ago
>Meanwhile in the US I am getting 4.5% of a few high interest savings accounts I have open, I am not sure if these options are available to Europeans They aren't. In my Euro area the highest interests on savings accounts I can find at banks is 2,5% and that's as a special offer for new customers. We in Europe are being fleeced from all sides, while banks, energy, real estate, food companies are having their most profitable quarters ever. Something's gotta change.
- Felger 3y ago
  I concur : my bank currently offers 1.95% deposit interest's rate for a year (Apr '23)
- kgwgk 3y ago
  2.5% in Europe when 6m German bills yield 3% is actually comparable to 4.5% in the US with 6m Treasury bills yielding 5%.
throwaway60607 3y ago
My European savings account has 6% interest. Not EUR though.
- sdfghswe 3y ago
  Let me guess. zloty?
  - throwaway60607 3y ago
    Just a little bit to the south.
- ChuckNorris89 3y ago
  That's insane. Where?
  - throwaway60607 3y ago
    Czech Koruna. Every bank there offers it now. But the currency is losing against EUR right now (after it gained a lot in the past year).
  - adamors 3y ago
    It’s not insane since it’s not in Euro. In Romania I’m getting 7% in the local currency, but inflation is much larger than in the Eurozone so it doesn’t really mean anything.
    - throwaway60607 3y ago
      What actually matters to an Eurozone resident is the currency movement against EUR, not the local consumer price inflation - you don't need to be a local consumer at all. These indicators don't move in lockstep, in case of CZK they actually moved in the opposite direction than expected.
    - ChuckNorris89 3y ago
      >but inflation is much larger than in the Eurozone I doubt it. The RON has been stably held to the Euro. It's still 5 RON = 1 Euro like before. So the RON inflation should be tracking exactly the same Euro inflation.

toomuchtodo 3y ago

Europeans can get exposure to dollar interest rates but that brings along currency risk between USD and EUR.

ChuckNorris89 3y ago

>Meanwhile in the US I am getting 4.5% of a few high interest savings accounts I have open, I am not sure if these options are available to Europeans They aren't. In my Euro area the highest interests on savings accounts I can find at banks is 2,5% and that's as a special offer for new customers. We in Europe are being fleeced from all sides, while banks, energy, real estate, food companies are having their most profitable quarters ever. Something's gotta change.

Felger 3y ago
I concur : my bank currently offers 1.95% deposit interest's rate for a year (Apr '23)
kgwgk 3y ago
2.5% in Europe when 6m German bills yield 3% is actually comparable to 4.5% in the US with 6m Treasury bills yielding 5%.

throwaway60607 3y ago

My European savings account has 6% interest. Not EUR though.

sdfghswe 3y ago
Let me guess. zloty?
- throwaway60607 3y ago
  Just a little bit to the south.
ChuckNorris89 3y ago
That's insane. Where?
- throwaway60607 3y ago
  Czech Koruna. Every bank there offers it now. But the currency is losing against EUR right now (after it gained a lot in the past year).
- adamors 3y ago
  It’s not insane since it’s not in Euro. In Romania I’m getting 7% in the local currency, but inflation is much larger than in the Eurozone so it doesn’t really mean anything.
  - throwaway60607 3y ago
    What actually matters to an Eurozone resident is the currency movement against EUR, not the local consumer price inflation - you don't need to be a local consumer at all. These indicators don't move in lockstep, in case of CZK they actually moved in the opposite direction than expected.
  - ChuckNorris89 3y ago
    >but inflation is much larger than in the Eurozone I doubt it. The RON has been stably held to the Euro. It's still 5 RON = 1 Euro like before. So the RON inflation should be tracking exactly the same Euro inflation.