Need a new high yield savings account

[Anonymous]

I am the openbank person and the customer service has been fine (though I have only had the account since November) but you do have to use an app. You must have the app to access your account even from your desktop, which is weird but probably better security.

[Anonymous]

All my moneys are in online banks. From time to time, I have to shuffle up to $1 million around (buying properties) and have never used any customer services.

[Anonymous]

Anonymous wrote:which Fidelity MMF?

Doesn’t fidelity pay cash on deposits in Tod accounts. More than they pay on deposits in money market accounts?

[Anonymous]

EagleBank has a HYSA paying 4.35% with great customer service

[Anonymous]

Anonymous wrote:EagleBank has a HYSA paying 4.35% with great customer service

This looks great! I'm having trouble finding information about the fees. There's no fee for an ACH transfer to or from an outside bank, correct?

[Anonymous]

GetFierce
Revolut
SoFi
Marcus
Ally

[Anonymous]

CIT Bank. 4.35% platinum savings

[Anonymous]

LiveOak has great rates and super easy to use.

[Anonymous]

Anonymous wrote:I use American Express, but the 3.8% isn't looking so great anymore. There are several banks with 4.25 or 4.35%. But when I read the reviews, it looks like they have some unhappy customers. If you have an interest rate over 4% (for a balance around $50K) and are happy with the customer service at your bank, please recommend it.

50k at 3.8% =$1,900
50k at 4.2% =$2,100

Spend the time you are thinking about this instead on how to make more money. It will lead to better results than $200 a year! Unless you are retired then you have the time to think about this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I use American Express, but the 3.8% isn't looking so great anymore. There are several banks with 4.25 or 4.35%. But when I read the reviews, it looks like they have some unhappy customers. If you have an interest rate over 4% (for a balance around $50K) and are happy with the customer service at your bank, please recommend it.

50k at 3.8% =$1,900
50k at 4.2% =$2,100

Spend the time you are thinking about this instead on how to make more money. It will lead to better results than $200 a year! Unless you are retired then you have the time to think about this.

That’s not how earning money works, for most people. op can probably think about this while she’s pooping but can do few few jobs to earn $200 from the toilet.

[Anonymous]

Anyone like Forbright Bank?

[Anonymous]

Anonymous wrote:Robinhood cash account with gold membership.
They all will lower the interest rates soon. There's no need to chase the rates from bank to bank.
Keeping your money in Voo for the last 5-10 years and then selling some whenever you need it, is a better deal than any savings account.
Buy it at Fidelity at different prices and pick to sell some based on long term vs short term, and their cost basis that suits you best.
Voo should be the new savings account.

m
Spoken by some Millenials who’s only known a bull market for over a decade.

If you need the money soon, you don’t put it in stocks. It’s clear Op needs the money.

[Anonymous]

Ally is fine

[Anonymous]

Rates are definitely falling, despite the news reports of the opposite. I don’t know how much you have, but if you have no specific plans for all of this money, then I would put a portion in a time deposit (CD or treasury) to lock-in today’s rates. Those HYSAs are going to drop like a stone once the Fed starts cutting.You can always break the CD or sell the treasury if you want the cash.

[Anonymous]

Live Oak is so easy to use and has some of the better rates, but it too is falling.