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Best High Yield savings acct?

Posted on 12/30/24 at 10:48 am
Posted by SirSaintly
Uptown, New Orleans
Member since Feb 2013
3178 posts
Posted on 12/30/24 at 10:48 am
I have about $25k sitting in a regular Chase savings for emergencies. I'd like to put in a high yield savings. It's OK if it's an online only bank, as long as transfers are easy.

Any suggestions? I see Sofi recommended online, but wanted to hear other suggestions
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30897 posts
Posted on 12/30/24 at 10:54 am to
Citi has good rates, but they’re a disaster customer service wise. Would not recommend.

Banks want deposits, if you know a local banker they may be set you up an account with a matching rate of what you can find.
Posted by lsu xman
Member since Oct 2006
16428 posts
Posted on 12/30/24 at 11:04 am to
www.CIT.com 4.35

I have some in Citi also. I believe its 3.80 now.
Posted by DRock88
Member since Aug 2015
10050 posts
Posted on 12/30/24 at 11:26 am to
Capital One 360 Performance Savings is at 3.8% right now.
Posted by messyjesse
Member since Nov 2015
2155 posts
Posted on 12/30/24 at 11:36 am to
I've been pleased with Ally. Opened an account last year at 4.2%, it's down to 3.8% now which sucks but it's still a shite-ton more than I'd make at a brick and mortar, and Ally certainly isn't the only place with drops in their interest rates.

Their customer service has been really good during the few calls I've made to them.
Posted by DrrTiger
Louisiana
Member since Nov 2023
1533 posts
Posted on 12/30/24 at 12:08 pm to
I like a Fidelity brokerage account.

All uninvested monies are automatically put into a money market fund (SPAXX), which earns 4.13% as of today. You can link your regular bank checking/savings account for easy transfers.
Posted by Hank Tank
Member since Nov 2024
272 posts
Posted on 12/30/24 at 12:43 pm to
PayPal offers a high yield account at 4.2%
Posted by Dav
Dhan
Member since Feb 2010
8132 posts
Posted on 12/30/24 at 12:48 pm to
I have mine sitting in Schwab's money market for my brokerage. SWVXX. Still getting 4.2%
Posted by 756
Member since Sep 2004
15256 posts
Posted on 12/30/24 at 3:19 pm to
American express
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2950 posts
Posted on 12/30/24 at 3:48 pm to
(no message)
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2950 posts
Posted on 12/30/24 at 3:49 pm to
Still have a bit of snaxxx but a fair bit in snvxxx
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2950 posts
Posted on 12/30/24 at 3:50 pm to
Senior moment (delete)
Posted by SirSaintly
Uptown, New Orleans
Member since Feb 2013
3178 posts
Posted on 12/30/24 at 4:51 pm to
I have a Fidelity acct through my employer for my 401k and I think a Spaxx already for my ESPP stocks


Think I'll just transfer the savings to that. No cons to doing this vs using Ally or Capital One right?
Posted by gpburdell
ATL
Member since Jun 2015
1556 posts
Posted on 12/30/24 at 5:09 pm to
quote:


I like a Fidelity brokerage account.

All uninvested monies are automatically put into a money market fund (SPAXX), which earns 4.13% as of today. You can link your regular bank checking/savings account for easy transfers.


I use Fidelity money market fund as well to hold my cash. Also if I know I won't need the cash for X months, I'll buy t-bills instead.

Also I use FDLXX instead as it's 90%+ treasuries and the interest is exempt from state taxes. SPAXX is only ~33% exempt.
Posted by Candyman
Member since Sep 2017
641 posts
Posted on 12/30/24 at 7:38 pm to
quote:

I have about $25k sitting in a regular Chase savings for emergencies. I'd like to put in a high yield savings. It's OK if it's an online only bank, as long as transfers are easy.

Any suggestions? I see Sofi recommended online, but wanted to hear other suggestions


The best high yield saving account is gold/silver bullion. The way inflation is going, if you buy gold and put it in a safe hiding place, it will become more valuable as the dollar becomes worthless. LINK Just look at what a silver half dollar from the 1950's is worth today. It's because of its silver content. Coins back then were 90% silver.
Posted by notsince98
KC, MO
Member since Oct 2012
20155 posts
Posted on 12/30/24 at 9:56 pm to
Lending club level up accounts are 4.75% right now.
Posted by indytiger
baton rouge/indy
Member since Oct 2004
10139 posts
Posted on 12/30/24 at 10:19 pm to
Amex savings is at 3.8% but it drops every so many months. No mandatory transfers or minimum that I'm aware of.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
30897 posts
Posted on 12/30/24 at 10:40 pm to
Can anybody explain the number of downvotes on my post? Genuinely asking what I’m missing.

My buddy who is a banker called and asked me if he could match my savings account because they’re trying to up their deposits. I’m getting 4.1% and it’s a local bank where I can call an actual local person
Posted by Methedup77
Member since Dec 2024
288 posts
Posted on 12/31/24 at 5:21 am to
I put mine I Energy Transfer with a 6.5% DiV which was almost 8% when I initially invested. Get like $100 a qrtr. Pfizer pays 6.5%div…
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3061 posts
Posted on 12/31/24 at 5:30 am to
quote:

www.CIT.com 4.35%


$5k minimum depost.
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