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No, in the UK. I may have been exaggerating a little, but without searching at all, my current bank, Halifax, offer 1.3% http://www.halifax.co.uk/savings/accoun

• dangrossman 13y ago
  Not only is it a 12-month rate, but it's also only on balances of under £50,000. The extra interest is a bounded cost the bank is willing to pay for customer acquisition knowing the average value of a new customer in terms of fees and other revenue generated. A business that wants to earn some interest on millions of pounds without agreeing to switch revenue-generating services to that bank as well is not going to get the same offer.
• jarek 13y ago
  In addition to customer acquisition and introductory rates and so on, also be aware that interest rates differ by currency. I can get significantly more interest in CAD (1.35% - 1.9% in Canadian banks, up to 3% with some limited accounts) than in USD (in either Canadian or U.S. banks). AUD has different rates still and so would GBP.