re: What APY should I be getting with my savings account?

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It was hard for me to leave a bank I had been with for decades but having hundreds of thousands doing squat and seeing rates rise forced my hand. Sucks having to shuffle finds around like you are shopping the best streaming service but that’s the current climate.

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I’ve been with (some form of) Bank of America since I was a youngster and my parents opened my first savings account at a local bank that was eventually bought by BofA. So I kind of understand what you mean. I do like BofA’s online services, like bill pay and such. So I keep business and personal checking and credit card accounts there, but I’ve never felt the need to keep excess funds there. With the ease of using modern online banking and FDIC protection being pretty much universal, may I ask what your hesitation was in finding more meaningful yields, especially for “hundreds of thousands”? I’m not being critical, but even a linked brokerage account within your bank (assuming they have an owned or associated brokerage) filled with money market products would have brought you much greater yields than what sounds like a generic savings/checking account(s).

So again, not being critical, but what kept you from exploring higher yielding products, within or outside of your bank?