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The 0.01% interest rate offered with this savings account is about 0.12% lower than the market average interest rate. A high-yield savings account will provide better returns on your deposits.
Assume the following: you have $10,000 to invest; the current spot rate of British pounds is $1.800; the 90-day forward rate of the pound is $1.780; the annual interest rate in the US is 4%; the annual interest rate in the UK is 6%.