> I’m really amazed you thought that 7% yield from savings at a time of 0% interest rates was anything other than a fabrication.

Did something substantial changed on the market recently? Because right now I can literally get a risk-free 7% time-limited savings deposit from my bank (Santander), which HN tells me is completely legit, all while banks in most other countries in the EU are stuck at offering 0.01% or even negative interest rates. What gives?

I've long given up on trying to make any sense out of it.

EDIT: to be clear, I'm in EU too (Poland). I don't follow what FED is doing (outside of what I occasionally hear about it on HN). I imagine it has some impact on EU markets (US having most nuclear carriers, etc.), but I don't know how big. From my perspective, we're still "at a time of 0% interest rates", and Santander suddenly offering 7% rates is some kind of anomaly, compared to other banks - both locally and EU-wide.