[Dalewyn]

>important note is that none of the major banks in the US pay 4% or anywhere near that amount on deposits.

Tell us you don't live in America without telling us you don't live in America.

Anecdata: Bank with US Bank, enjoying 4.16% interest.

[fragmede]

that phrasing is a stupid and annoying passive agressive way of calling someone out, but it's when the person saying it gets it wrong, it's really embarrassing for them.

Specifically, Wells Fargo, Chase, and Bank of America still offer "savings" accounts with APYs of around than 0.05% APY as in way less than 1 percent.

0.05% APY https://www.wellsfargo.com/savings-cds/platinum/

0.01% APY https://www.chase.com/personal/savings/savings-account/inter... - https://imgur.com/a/eFILVca

0.03% APY https://www.bankofamerica.com/deposits/bank-account-interest...

[Dalewyn]

The criteria is and I quote: "none of the major banks in the US pay 4% or anywhere near".

US Bank is the 5th biggest and 2nd oldest bank[1] in the US and currently has a money market savings account with 4.25% APY[2][3] for balances over $25,000 depending on your location, if they are not major then neither are any of the others.

If you don't know US Bank, as was the case with another commenter, that is not my problem.

[1]: https://en.wikipedia.org/wiki/U.S._Bancorp

[2]: https://www.usbank.com/bank-accounts/savings-accounts/elite-...

[3]: https://archive.is/kpmUq

[fragmede]

But if your claim is that the other commentor doesn't actually live in America, based on the evidence of them not knowing about US bank (or any of the many other places that offer a HYSA), you'd have to give evidence that all Americans have heard of US bank's HYSA. Instead of doing that, you're trying to make it seem like I've never heard of US bank (I have, thank you), (or any other place's) HYSA, which doesn't address the question, which is: does someone not knowing about HYSAs expose them as being non-American? Now, I bank at a place with an HYSA, so I'm aware of them, but if you talk to people in America, you'd be surprised how many of them don't have an HYSAs or even know they exist, because I named the pathetically low APYs at the 4 largest banks. What makes them large is the number of Americans who bank with them and their assets. So we can safely assume that, of banks, the sum of the number of Americans banking with the first four is larger than, by your comment, the fifth largest bank. Thus, it seems like most Americans probably actually don't know about US bank's HYSA, because otherwise they wouldn't be the fifth largest bank, but instead be any rank higher.

By the by, for those who don't have $25k in cash to sit around (which is a whole other conversation), if you look around, there are places with HYSAs that don't have that minimum, so I'd suggest putting your money elsewhere.

But let's pretend you're right and that I hadn't heard of US bank's HYSA. Instead of claiming that not knowing about that must also make me not a person of the USA, but also that it is my problem, which is a very American way to respond to something, so bravo there if you wanted to give the impression that you were), you shifted the conversation away from your earlier claim that not knowing about US Bank's HYSA made them not American and instead goaded me by trying to make projected ignorance of their offering my problem, and not a trait inherent to non-Americans. Good luck with that.

[Dalewyn]

I am sincerely not sure what the hell your text wall is trying to get at.

The claim was that no major American banks offer ~4% interest on deposits.

I demonstrated that such a claim is wrong. Twice.

If you don't know the banking situation in America for one reason or another and aren't actually qualified to talk about it, that is not my problem.

[fragmede]

Your statement that I responded to was

Tell us you're not American without telling us you're American.

If most Americans aren't aware of a thing, it's not a good signifer or use of that statement.

Keep it classy, questioning my qualifications and saying that's my problem on such a basic topic isn't a good look.

[stavros]

Anecdata: Bank with US bank, enjoying 0.01% interest (Chase).

[happymellon]

That just sounds like poor personal decisions.

[stavros]

No, it's a fact that Chase, one of the major banks, offers nowhere near 4% interest. The GP made a snarky reply that "US bank" offers 4% interest, without even naming the bank.

[Dalewyn]

US Bank is literally the 5th biggest and 2nd oldest bank[1] in the US.

[1]: https://en.wikipedia.org/wiki/U.S._Bancorp

[stavros]

Huh, I've never heard of this. I thought you meant "a US bank".

[Dalewyn]

The lack of an "a" and the capitalized "B" in "US Bank" were for a reason, I like to believe English still means something.

[happymellon]

I'm not American, and I've heard of US Bank.

Besides, just because you don't know US Bank doesnt stop it being a poor personal decision to bank with Chase when you know they give bad rates.

[stavros]

You're right, I'm I'll-informed and make bad financial decisions, I'm sorry.