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Message
High interest savings accounts
Posted on 12/31/22 at 8:12 pm
Posted on 12/31/22 at 8:12 pm
How do you tell if they are all legit? Looking to open a few accounts. Below is a list I’ve seen, how do you choose the best or safest ones?
Best Savings Accounts:
MySavingsDirect - 4.35% APY
Popular Direct - 4.16% APY
CFG Bank - 4.15% APY
UFB Direct - 4.11% APY
Salem Five Direct - 4.10% APY
Customers Bank - 4.05% APY
My Banking Direct - 4.05% APY
Ivy Bank - 4.05% APY
Bask Bank - 4.03% APY
Vio Bank - 4.01% APY
Valley Direct - 4.00% APY
First Foundation Bank - 4.00% APY
ConnectOne Bank - 3.90% APY
CIT Bank - 3.85% APY
Citizens Access - 3.75% APY
BrioDirect - 3.75% APY
Fitness Bank - 3.75% APY*
Best Savings Accounts:
MySavingsDirect - 4.35% APY
Popular Direct - 4.16% APY
CFG Bank - 4.15% APY
UFB Direct - 4.11% APY
Salem Five Direct - 4.10% APY
Customers Bank - 4.05% APY
My Banking Direct - 4.05% APY
Ivy Bank - 4.05% APY
Bask Bank - 4.03% APY
Vio Bank - 4.01% APY
Valley Direct - 4.00% APY
First Foundation Bank - 4.00% APY
ConnectOne Bank - 3.90% APY
CIT Bank - 3.85% APY
Citizens Access - 3.75% APY
BrioDirect - 3.75% APY
Fitness Bank - 3.75% APY*
9
Posted on 12/31/22 at 8:23 pm to shaqtaw
Google to make sure they’re FDIC or NCUA insured. If they aren’t, I’d pass.
ETA - if it seems too good to be true, it probably is. Signed - clients of the Stanford Group
ETA - if it seems too good to be true, it probably is. Signed - clients of the Stanford Group
This post was edited on 12/31/22 at 8:25 pm
Posted on 12/31/22 at 8:47 pm to shaqtaw
Some of those look more like money market returns than HYS.
I consider Marcus by GS as one of the “standards” in HYS and they are at 3.3% APY currently.
7 day yield on money markets are around 4.2% last I checked.
I consider Marcus by GS as one of the “standards” in HYS and they are at 3.3% APY currently.
7 day yield on money markets are around 4.2% last I checked.
Posted on 12/31/22 at 8:49 pm to Im4datigers
quote:
Google to make sure they’re FDIC or NCUA insured. If they aren’t, I’d pass.
This
Posted on 12/31/22 at 8:58 pm to LordSaintly
Customers Bank is legit. Worked there a brief time. Out of PA.
Posted on 12/31/22 at 9:50 pm to shaqtaw
MySavings Direct is part of Emigrant Bank and FDIC insured. Sounds legit to me.
Posted on 12/31/22 at 10:06 pm to shaqtaw
Just use Amex. They're simple, reliable , and can't beat the customer service
This post was edited on 12/31/22 at 10:07 pm
Posted on 12/31/22 at 11:17 pm to Topisawtiger
quote:
MySavings Direct is part of Emigrant Bank and FDIC insured. Sounds legit to me.
Yep, Emigrant Bank has been FDIC insured since the 1930s. I have funds in another division of Emigrant Bank so I feel pretty safe with them.
Posted on 12/31/22 at 11:19 pm to LordSaintly
Sorry tried to upvote you and somehow it downvoted.
Posted on 12/31/22 at 11:39 pm to shaqtaw
I use Regions Bank, but I moved some extra savings into my Personal Capital account at 3.85% APY.
Posted on 12/31/22 at 11:48 pm to shaqtaw
The issue with some isn’t if they are FDIC insured or not but whether they attract you with a great rate and then drop the rate drastically, the ole “bait and switch.” Or they charge ridiculous fees for things the main players don’t. Or there is something else fishy about their terms.
People have had issues with mysavingsdirect and there is no reliable customer service when you have an issue. Not worth the hassle for a few extra dollars.
I love my Citi Accelerate Savings but it’s just at 3.4%. Marcus by Goldman Sachs usually offers similar rates. That seems to be as high as the bonafide top players are at right now.
Citi is constantly updating rates to be competitive and has a great functional app, haven’t had any issues.
This site has customer reviews. But Citi gets horrible reviews too so idk
LINK
People have had issues with mysavingsdirect and there is no reliable customer service when you have an issue. Not worth the hassle for a few extra dollars.
I love my Citi Accelerate Savings but it’s just at 3.4%. Marcus by Goldman Sachs usually offers similar rates. That seems to be as high as the bonafide top players are at right now.
Citi is constantly updating rates to be competitive and has a great functional app, haven’t had any issues.
This site has customer reviews. But Citi gets horrible reviews too so idk
LINK
This post was edited on 1/1/23 at 12:09 am
Posted on 12/31/22 at 11:49 pm to shaqtaw
quote:
Sorry tried to upvote you and somehow it downvoted.
Friendly TD PSA: Reload the page. Click the upvote arrow. Reload the page again. You should see your vote switched
Posted on 1/1/23 at 1:07 pm to GEAUXT
quote:
Just use Amex. They're simple, reliable , and can't beat the customer service
That's what I did
Posted on 1/1/23 at 10:45 pm to HailToTheChiz
Me too. I have been happy so far. There was a sign on bonus, which helps to offset a slightly lower interest rate.
Posted on 1/2/23 at 6:00 am to Tiger Attorney
quote:
Me too. I have been happy so far. There was a sign on bonus, which helps to offset a slightly lower interest rate.
Link?
Posted on 1/2/23 at 2:48 pm to kywildcatfanone
It was an offer extended to me through AMEX Platinum
Posted on 1/2/23 at 3:15 pm to shaqtaw
buy tbills—-pays more, safer, easy to do with broker or direct from government—-
every couple of days someone post about CDs—why is that???? nothing safer that tbills and they are easy to buy and yield more—-a lot more in most cases
every couple of days someone post about CDs—why is that???? nothing safer that tbills and they are easy to buy and yield more—-a lot more in most cases
This post was edited on 1/2/23 at 3:18 pm
Posted on 1/3/23 at 6:03 am to shaqtaw
Betterment is 3.75%
Posted on 1/3/23 at 3:36 pm to rpg37
Which capital one savings account is paying 3.85%?
Posted on 1/4/23 at 8:34 am to MikeDaTiger23
I think I'm done with Capital One.
A few years back I moved some savings there because the rate was around 3%. Then a few months later they drop my rate to like .4% and start these "new" accounts that have 3%, and the only way to get it is to move your money to the new account.
This wouldn't be a big deal, but I had set our auto loans to come out of that account so now I'd need to go and re-do all of that.
It's just more hassle than it needs to be if they keep playing that game.
A few years back I moved some savings there because the rate was around 3%. Then a few months later they drop my rate to like .4% and start these "new" accounts that have 3%, and the only way to get it is to move your money to the new account.
This wouldn't be a big deal, but I had set our auto loans to come out of that account so now I'd need to go and re-do all of that.
It's just more hassle than it needs to be if they keep playing that game.
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