As someone currently maintaining bank accounts on both sides of the Pacific, interest is way higher in Australia than in the US right now. You can easily get 6% or even more in Australia with money at call, whereas circa 1% seems to be the norm in the US.
For me this means a change of strategy: I'd bother with the additional bank account to get six percent, but not to get one percent.
For me this means a change of strategy: I'd bother with the additional bank account to get six percent, but not to get one percent.