High interest checking / savings accounts?
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Anonymous
| Now that interest rates are going back up, any leads on savings accounts with a good yield? I had 2% a few years ago that's now .10% (yikes!) |
Anonymous
| No need for banks to raise rates unless the need to attract deposits and right now they don't. |
Anonymous
| Marcus is giving me .70. But I wanted the money liquid. |
Anonymous
| Discover Bank has been paying 0.6% for I think at least a month now for a savings acct. I think Capital One is as well. |
Anonymous
| ally is .6 now |
Anonymous
| Amex is at .60% |
Anonymous
| Alliant CU is also .6 |
Anonymous
| The last time we had a decent savings rate was 2% back in 2008. Ever since then other than having liquid cash, savings hasn't been worth it. |
Anonymous
| Remember all the rage when online savings accounts came out? ING Direct was the one that started it all. I think the rate was 6% percent at one point. |
Anonymous
| PenFed High Yield Savings is now at 0.70% |
Anonymous
| Cap One 360 has good rates for HYS |
Anonymous
| I have started shifting some of my cash to 6-month t-bills. The rates work out to about 1.3 or 1.4%. They are pretty easy to buy though my Fidelity account. |
Anonymous
Me too. Even the 1 and 3 month ones are better than most HYSA and they are state tax free. |
Anonymous
Slightly off topic- I went to your link to look around and I see there are 1y CD's paying over 2%. How are these different than the ones I would open directly at the bank for much less? For instance, I see a 1 year Discover Bank paying 2% but their rate through their website for the same duration is 1.2% |
Anonymous
Yep, I remember PayPal even had 5% savings account. People were desperate for any interest in the 2000’s. Lots of interest in gold stocks too. |