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Started By
Message
New Personal Capital High Yield Savings (2.3%)
Posted on 6/13/19 at 6:42 am
Posted on 6/13/19 at 6:42 am
I've recently seen that Personal Capital has started a high yield savings account with 2.3% APY. It says it has no fees and is FDIC insured.
I've not seen anything about minimums, but aside from that, is there anything else I should look for/be aware of before putting money into this if I choose to do so?
I've not seen anything about minimums, but aside from that, is there anything else I should look for/be aware of before putting money into this if I choose to do so?
This post was edited on 6/13/19 at 6:43 am
9
Posted on 6/13/19 at 6:58 am to BigOrangeVols
The will bug the ever living shite out of you about their investment advising.
This post was edited on 6/13/19 at 6:59 am
Posted on 6/13/19 at 7:10 am to BigOrangeVols
Posted on 6/13/19 at 7:20 am to OleWarSkuleAlum
I tell them to stop calling me everytime they call me which is good for about 3 months.
Isn't this pretty in line with most high yield savings accounts right now (interest rate wise)?
Isn't this pretty in line with most high yield savings accounts right now (interest rate wise)?
Posted on 6/13/19 at 7:37 am to BigOrangeVols
Citi has a savings account with 2.36% APY. We moved our savings from Chase to Citi about three months ago because of it. We also use the Citi 2% cash back card so maybe that’s how we got access.
Posted on 6/13/19 at 7:59 am to boosiebadazz
I have that card and that offer just popped up on the app this morning. I use a cash mutual fund that gets me 2.5% though
Posted on 6/13/19 at 8:09 am to boosiebadazz
quote:
Citi has a savings account with 2.36% APY. We moved our savings from Chase to Citi about three months ago because of it. We also use the Citi 2% cash back card so maybe that’s how we got access.
We just did the same recently, but I believe it's available to anyone. $1500 minimum to avoid fees.
Posted on 6/13/19 at 8:32 am to boosiebadazz
quote:
Citi has a savings account with 2.36% APY.
I did the same.
Glad to know Im not the only one who bit for this offer. I may be getting back with you when the time comes to pull some of the funds out and they handcuff me.
Boosie, may want to call Citi. They were offering a promotion when I opened my savings account. Im getting an extra 0.5% cash back on the card for for 2 years (2.5%).
Posted on 6/13/19 at 8:35 am to BigOrangeVols
It is odd. On the PC homepage they say 2.3%.
When I login they are telling me it is 2.35%. I don't know if maybe the 2.35% is for those who invest with them.
EDIT: I just read the fine print. The 2.35% is for existing PC customers.
When I login they are telling me it is 2.35%. I don't know if maybe the 2.35% is for those who invest with them.
EDIT: I just read the fine print. The 2.35% is for existing PC customers.
This post was edited on 6/13/19 at 8:37 am
Posted on 6/13/19 at 9:06 am to good_2_geaux
Oh wow, good to know. Thanks for the heads up
Their app has been fricking up recently so I may call and bitch about that while asking for the extra .5%
Their app has been fricking up recently so I may call and bitch about that while asking for the extra .5%
Posted on 6/13/19 at 9:26 am to boosiebadazz
quote:
Citi has a savings account with 2.36% APY. We moved our savings from Chase to Citi about three months ago because of it. We also use the Citi 2% cash back card so maybe that’s how we got access.
Do you also get an additional 0.5% on your Double Cash card for a few years? I though I saw this popup on my offers.
ETA: Just saw geaux's post about the additional 0.5%. I may jump on this as Chase has sold my mortgage so there's no reason for me to have a checking account with them anymore. The offer says you have to maintain a checking account balance of $50K or you're charged $30 per month. Looks like that's a no go for me.
This post was edited on 6/13/19 at 9:41 am
Posted on 6/13/19 at 11:07 am to Phate
there are alot of bad reviews on Reddit about the citi savings account. The customer service apparently is terrible and to withdraw money there are tight limits (something like max $10K at a time and only 6 transactions a month). Also few branch locations. None in Louisiana, closest is in Dallas or Florida. Im rolling with it for now, I'll jump ship if I need to in the future. Using it strictly for our emergency fund.
Only negative I see, is that the app on my phoned changed after opening the savings/checking accounts. I liked the standard double cash card app, this updated one is terrible.
Only negative I see, is that the app on my phoned changed after opening the savings/checking accounts. I liked the standard double cash card app, this updated one is terrible.
Posted on 6/13/19 at 11:11 am to BigOrangeVols
I have mine at discover
Posted on 6/13/19 at 11:30 am to good_2_geaux
Max 10k and six per month is most likely federal law.
App sucks dick though. Almost enough for me to bail on the whole thing and find one of these other savings accounts
App sucks dick though. Almost enough for me to bail on the whole thing and find one of these other savings accounts
Posted on 6/13/19 at 12:44 pm to boosiebadazz
The six transactions per month limit is definitely a federal regulation not exclusive to Citi.
Posted on 6/13/19 at 12:46 pm to BigOrangeVols
I'm sticking with Capital One.
Posted on 6/13/19 at 1:18 pm to KingBarkus
Does Chase offer this? Googling, but can't find for sure.
Posted on 6/13/19 at 1:47 pm to Brummy
And $10k triggers reporting to Feds. Prolly helps Citi keep admin costs down by not having to staff it
Posted on 6/13/19 at 2:49 pm to LSUDbrous90
quote:
Isn't this pretty in line with most high yield savings accounts right now (interest rate wise)?
Marcus by Goldman don’t ever contact me and are pretty close to that rate.
This post was edited on 6/13/19 at 2:49 pm
Posted on 6/13/19 at 9:25 pm to BigOrangeVols
I keep everything at Fidelity and use their SPRXX money market fund which yields 2.17% and is treated like cash. No need to sell any shares to pay bills, buy stocks, etc.
I don't see the point of chasing the highest interest rate as it isn't significant unless your're talking a 7 figure balance and that won't be FDIC insured at one bank anyway.
Fwiw I also use FLOT to hold 1/3 of my emergency fund. It's yielding 2.82% and even up 2% in price. While I could lose principal if interest rates rise, the effective duration of the bonds in the fund is only 0.13 years. So any loss would be minimal.
I don't see the point of chasing the highest interest rate as it isn't significant unless your're talking a 7 figure balance and that won't be FDIC insured at one bank anyway.
Fwiw I also use FLOT to hold 1/3 of my emergency fund. It's yielding 2.82% and even up 2% in price. While I could lose principal if interest rates rise, the effective duration of the bonds in the fund is only 0.13 years. So any loss would be minimal.
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