<prompt> Human: So I Just moved to the States, in New York. I opened up an account with CitiBank and transferred my money. I now realised that the interest rate is like 0.05 and this seems to be the standard. The best savings bank seem to offer around 1 APY or Interest Rate. I am wondering why the interest rate is so low here?  <response>: Different currencies have different rates of inflation, and other factors, that influence the interest rates of things. US interest rates on things like car loans will also be much different than the same things in other countries. 