I'm a recent college grad so I am not that knowledgeable about money. So, please bear with me!
If I make a NRE account, I can get a 6% interest rate and I like that much more than the 1.5-2% interest rates here in the USA.
Also, I heard that I don't have to pay taxes on that interest for India.
Are there any tax implications for the profits made using NRE accounts?
For example, if I put $ 1,000 in my NRE account and get a $60 tax-free interest in the first year,
do I have to pay any taxes in USA? I work in Seattle, WA.