It's slightly above the best nationally available current rates (2.5% APY -- https://www.fragiledeal.com/t/best-nationally-available-high... ).

It will be interesting to see if they

* maintain a 0.5% spread above the best nationally available rate as rates rise elsewhere as an ongoing customer-acquisition cost

* just stick to 3% even as other banks raise their rates higher over time, assuming that 3% is good enough and their product is sticky enough that people won't move