U.S. interest rates have soared everywhere but savings accounts

Re:U.S. interest rates have soared everywhere but savings ac... by throw123123123 on Saturday April 23, 2022 @08:19PM (#31140042)

Banks are so regulated that you can't open an account in the US unless you visit a bank branch physically.

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Re:U.S. interest rates have soared everywhere but savings ac... by Kranar on Saturday April 23, 2022 @09:05PM (#31140294)

This is simply untrue. Marcus is a fully licensed online-only bank, they have no physical branches whatsoever and everything is done through their website:

https://www.marcus.com/us/en

There's also Green Dot Bank which is what Apple Pay uses among other mobile payment systems. They technically have a single physical branch but you don't ever need to visit it in order to open a savings/checking account with them:

https://www.greendot.com/about-us

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Re:U.S. interest rates have soared everywhere but savings ac... by throw123123123 on Wednesday April 27, 2022 @01:39AM (#31176706)

Only for US residents - 5% of the global pop.

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Re:U.S. interest rates have soared everywhere but savings ac... by aceazzameen on Saturday April 23, 2022 @09:25PM (#31140415)

Not true because I've opened an account with an online-only US bank. There are no physical branches to visit.

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Re:U.S. interest rates have soared everywhere but savings ac... by LgWoodenBadger on Saturday April 23, 2022 @09:25PM (#31140416)

Since when? The last 3 or 4 bank accounts I’ve opened have been done entirely virtually.

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Re:U.S. interest rates have soared everywhere but savings ac... by throw123123123 on Monday May 02, 2022 @03:36AM (#31232328)

Since 9/11.

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Re:U.S. interest rates have soared everywhere but savings ac... by reificator on Saturday April 23, 2022 @08:44PM (#31140187)

This is clearly not true given the number of banks with no physical branches.

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