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interest rate on online banks
I beg to differ: Israel has an incredibly well managed central bank, and the usury market is wonderfully competitive.  It's a shame Stanley Fischer has retired.  His management is the case study in central bank management. Rates are low because inflation is low.  The nominal rate is irrelevant to return because a 2% nominal return with 1% inflation is superior to a 5% nominal return with 9% inflation. A well-funded budget is the best first step, so now a tweak is necessary: excess capital beyond budgeting should be moved quickly to internationally diversified equities after funding, discounted and adjusted, longer term budgets. Credit will not pay the rate necessary for long term investment.  Higher variance is the price to pay for higher returns.