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Best High Yield savings acct?
Posted on 12/30/24 at 10:48 am
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
Any suggestions? I see Sofi recommended online, but wanted to hear other suggestions
Posted on 12/30/24 at 10:54 am to SirSaintly
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.
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 on 12/30/24 at 11:04 am to SirSaintly
www.CIT.com 4.35
I have some in Citi also. I believe its 3.80 now.
I have some in Citi also. I believe its 3.80 now.
Posted on 12/30/24 at 11:26 am to SirSaintly
Capital One 360 Performance Savings is at 3.8% right now.
Posted on 12/30/24 at 11:36 am to SirSaintly
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.
Their customer service has been really good during the few calls I've made to them.
Posted on 12/30/24 at 12:08 pm to SirSaintly
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.
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 on 12/30/24 at 12:43 pm to SirSaintly
PayPal offers a high yield account at 4.2%
Posted on 12/30/24 at 12:48 pm to SirSaintly
I have mine sitting in Schwab's money market for my brokerage. SWVXX. Still getting 4.2%
Posted on 12/30/24 at 3:49 pm to Wraytex
Still have a bit of snaxxx but a fair bit in snvxxx
Posted on 12/30/24 at 4:51 pm to DrrTiger
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?
Think I'll just transfer the savings to that. No cons to doing this vs using Ally or Capital One right?
Posted on 12/30/24 at 5:09 pm to DrrTiger
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 on 12/30/24 at 7:38 pm to SirSaintly
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 on 12/30/24 at 9:56 pm to SirSaintly
Lending club level up accounts are 4.75% right now.
Posted on 12/30/24 at 10:19 pm to SirSaintly
Amex savings is at 3.8% but it drops every so many months. No mandatory transfers or minimum that I'm aware of.
Posted on 12/30/24 at 10:40 pm to Mingo Was His NameO
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
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 on 12/31/24 at 5:21 am to SirSaintly
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 on 12/31/24 at 5:30 am to SirSaintly
quote:
www.CIT.com 4.35%
$5k minimum depost.
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