I’m referring to a US audience (Ally offers 1.8%). These rates are designed to incentivize you to allocate capital accordingly. The point is you not put much of your money there. Depending on how you feel about the future exchange rates between the EUR and USD you’re welcome to invest in US treasuries, for instance.
I don't know where you live but I doubt it's western Europe. In the Netherlands for example, the highest interest rate available [1] is a lousy 0.2%.
[1] https://www.spaarrente.nl/