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re: Best money market / high yield savings account?
Posted on 4/3/19 at 12:51 pm to FootballNostradamus
Posted on 4/3/19 at 12:51 pm to FootballNostradamus
2.5% at Bank of Boston (I think that’s the name) . Recommended by someone on this board. I’ll check name when I get back in my office
Edit: East Boston Savings Bank. I have it linked to my credit union as well as American Express Savings. Moving between all 3 no issues
Edit: East Boston Savings Bank. I have it linked to my credit union as well as American Express Savings. Moving between all 3 no issues
This post was edited on 4/3/19 at 3:33 pm
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Posted on 4/3/19 at 1:03 pm to FootballNostradamus
If you have a Fidelity account, their SPRXX money market is currently 2.25%.
Posted on 4/3/19 at 1:43 pm to FootballNostradamus
Why wouldn't I just pick up a bond fund with a high yield like SPHIX?
Posted on 4/3/19 at 2:17 pm to Aubie Spr96
quote:
Why wouldn't I just pick up a bond fund with a high yield like SPHIX?
You could, but that is a junk bond fund with an expense ratio of 0.7%. This thread is about saving/money market which is practically impossible to lose money in. A bond fund you can still lose principal.
I do use short term investment grade corp bonds for part of my emergency fund and bonds in my investment portfolio. I don't do longer term/riskier corp bonds as the risk of correlation with the stock market becomes too much.
I'll take risk on the stock/equity side where my bonds are for safety. There is a quote something to the effect that "more money has been lost chasing yield than at the point of a gun".
This post was edited on 4/3/19 at 2:25 pm
Posted on 4/3/19 at 3:27 pm to FootballNostradamus
Live Oak bank does 2.3% right now. I use them for my emergency fund. Zero complaints.
EDIT: I just stumbled onto Vio. They are doing 2.45% no fees with $100 min.
EDIT: I just stumbled onto Vio. They are doing 2.45% no fees with $100 min.
This post was edited on 4/3/19 at 3:32 pm
Posted on 4/3/19 at 3:31 pm to lsusports
quote:
Mysavingsdirect.com is currently 2.37%.
This is the one Ive been using for a few years and I've had no problems. Great interest rate, fast deposits and withdrawals. No complaints.
Posted on 4/4/19 at 9:19 am to RedHawk
Money Markets:
Virtual Bank (division of Iberia Bank) - 2.33%
State Farm Bank - 2.23%
Virtual Bank (division of Iberia Bank) - 2.33%
State Farm Bank - 2.23%
Posted on 8/27/19 at 2:18 pm to good_2_geaux
For those using Marcus and stating 2.25%, are yall doing the 7 month no penalty CD or standard online savings account?
Posted on 8/27/19 at 2:55 pm to notsince98
quote:
EDIT: I just stumbled onto Vio. They are doing 2.45% no fees with $100 min.
Just tried to open an account with them. I went through the whole process and at the end it gave me a message saying they couldn't open an account at this time...
Posted on 8/27/19 at 2:58 pm to Danny Woodhead
Savings...I haven't dabbled in their CD offering.
Posted on 8/27/19 at 4:47 pm to lynxcat
Marcus lowers rates to 2.00%, down from 2.15% about a month ago, and 2.25% prior to that.
Posted on 8/27/19 at 10:29 pm to TigerDeBaiter
I noticed Marcus was dropping the interest rate as well. Anyone thinking of moving to another high yield savings account because of this? If so, what are the good / comparable options now, or are others decreasing rates too?
Posted on 8/27/19 at 10:31 pm to skewbs
Market rates have declined so it makes sense the HYS rate would adjust accordingly.
Posted on 8/28/19 at 8:33 am to skewbs
PNC just dropped me from 2.35 to 2.15
Posted on 8/28/19 at 8:55 am to tankyank13
We've dropped ours from 2.25 to 1.8 or so. 3 month bill isn't a bad idea right now at all. Bank Money market yields/savings accounts rates can be changed whenever they want. I'm betting we lower ours again next week.
Posted on 8/28/19 at 9:21 am to Fat Bastard
quote:
my bank will give you 5% rate
email me if interested
nigeriancentralbank@gmail.com
RA'd. Not the board for this not everyone here would know its a joke.
You can also check out Schwab OP. Their money funds are all around 2% and you can very easily invest the money in other funds.
Posted on 8/28/19 at 10:49 am to yatesdog38
Live Oak bank is still holding steady at 2.3%. I've been thrilled with them.
Posted on 8/28/19 at 11:06 am to JohnnyKilroy
Vio seems to have a lot of bad reviews and seems that this happens to a lot of people after they already have all of your information.
Posted on 8/28/19 at 3:06 pm to NOSHAU
quote:
Vio seems to have a lot of bad reviews and seems that this happens to a lot of people after they already have all of your information.
That is not good. I knew nothing of them other than they appeared on the lists for high savings rate. I should find out whether that was nerdwallet, bankrate or what where it was posted.
Posted on 8/29/19 at 11:06 am to tankyank13
(no message)
This post was edited on 11/8/20 at 5:33 am
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