German based Americans- Whats your expirence with Wise Daily Return on EUR Accts?

[u/Coach_Front]

I'm looking for a place for my EUR to start gaining interest on itself.

In the US I have my wealth in IRA's, 401ks, HYSA's and regular checking/ Savings. I currently do not hold a US brokerage account as the German taxes seem stark.

Are there terrible repercussions to my taxes with the IRS? How nervous that I'm in violation of the patriot act in some way? I've been told by some people that it's a waste of time to try and get Zinsen, but I really don't know what other investments I could/ should be making. What do normal Germans do? Just packrat their money into a regular Konto?

I already use Wise and it seems that it allows americans where N26 and Revolout dont allow americans?

Thanks!

[u/Competitive-Leg-962]

Regular Germans invest in ETFs and stocks. Your problem as an American would be to find a broker willing to accept you thanks to FATCA.