Anonymous
Post 10/23/2023 23:23     Subject: Alternative to high yield savings account
Credit Unions paying 5.5 on CDs
Anonymous
Post 10/23/2023 22:37     Subject: Alternative to high yield savings account
Anonymous wrote:I’ve banked with Bank of America for years and have a checking and savings account with them. I have an IRA, 401k, and 529 with another institution.

BOA is great with a lot of things except they don’t have a high yield savings option. I currently have $100k in my savings account not accruing much interest. I’d prefer to keep banking with BOA and am curious if a CD is advisable these days?

I’m not very risky and don’t have a head for or interest in “real” investing via playing stocks, etc. The savings is my real nest egg so I want to have an option to withdraw at least a portion if needed sans penalty.

Any insights into what may work best for my situation?


Your biggest problem is doing your banking with Bank of America.
Anonymous
Post 10/20/2023 17:00     Subject: Alternative to high yield savings account
Another update from OP: talked to BOA rep about CDs and terms aren't great as a PP mentioned and I also will have the funds tied up of course.

I'm going to do a Capital One HYSA. Their rate is 4.3% and I have my credit card through them so am familiar already.