3% is amazingly good. It’s not hard to beat that, but a savings account at a common bank can easily be below 0.05%.
I looked up BoA. 0.04%.
3% is roughly inflation.
I’ve been thinking about moving some money over by selling some shares and opening up a savings account with enough money to make a difference.
3% is typical for a HYSA (Ally, for example)
3% is becoming more common as of the last few years, at least in the US. I know several banks off the top of my head that offer 3.5% or higher (and more if you are a new customer) for their savings accounts. I would persuade people who use banks that haven't moved on from near-zero APY to move on themselves.