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BigOrangeVols
Tennessee Fan
Knoxville
Member since Jul 2015
2803 posts

New Personal Capital High Yield Savings (2.3%)
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?
This post was edited on 6/13 at 6:43 am


OleWarSkuleAlum
Alabama Fan
Member since Dec 2013
6684 posts
 Online 

re: New Personal Capital High Yield Savings (2.3%)
The will bug the ever living shite out of you about their investment advising.
This post was edited on 6/13 at 6:59 am


LSU
LSU Fan
Houston
Member since Oct 2003
7531 posts

re: New Personal Capital High Yield Savings (2.3%)
quote:

I've not seen anything about minimums,


No fees or minimum balance.

LINK


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LSUDbrous90
LSU Fan
Lafayette
Member since Dec 2011
951 posts

re: New Personal Capital High Yield Savings (2.3%)
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)?


boosiebadazz
Member since Feb 2008
66689 posts

re: New Personal Capital High Yield Savings (2.3%)
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.


MontyFranklyn
Alabama Fan
T-Town
Member since Jan 2012
21215 posts

re: New Personal Capital High Yield Savings (2.3%)
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


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Brummy
LSU Fan
Baton Rouge, LA
Member since Oct 2009
2824 posts

re: New Personal Capital High Yield Savings (2.3%)
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.


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good_2_geaux
LSU Fan
Member since Feb 2015
229 posts

re: New Personal Capital High Yield Savings (2.3%)
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%).


notsince98
Missouri Fan
KC, MO
Member since Oct 2012
10232 posts

re: New Personal Capital High Yield Savings (2.3%)
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.
This post was edited on 6/13 at 8:37 am


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boosiebadazz
Member since Feb 2008
66689 posts

re: New Personal Capital High Yield Savings (2.3%)
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%



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TD SponsorTD Fan
USA
Member since 2001
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Phate
New Orleans Saints Fan
Baton Rouge
Member since Mar 2006
11190 posts

re: New Personal Capital High Yield Savings (2.3%)
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 at 9:41 am


good_2_geaux
LSU Fan
Member since Feb 2015
229 posts

re: New Personal Capital High Yield Savings (2.3%)
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.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
55155 posts

re: New Personal Capital High Yield Savings (2.3%)
I have mine at discover


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boosiebadazz
Member since Feb 2008
66689 posts

re: New Personal Capital High Yield Savings (2.3%)
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


Brummy
LSU Fan
Baton Rouge, LA
Member since Oct 2009
2824 posts

re: New Personal Capital High Yield Savings (2.3%)
The six transactions per month limit is definitely a federal regulation not exclusive to Citi.


KingBarkus
Mississippi St. Fan
New Orleans
Member since Nov 2009
2978 posts

re: New Personal Capital High Yield Savings (2.3%)
I'm sticking with Capital One.


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
60638 posts

re: New Personal Capital High Yield Savings (2.3%)
Does Chase offer this? Googling, but can't find for sure.


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boosiebadazz
Member since Feb 2008
66689 posts

re: New Personal Capital High Yield Savings (2.3%)
And $10k triggers reporting to Feds. Prolly helps Citi keep admin costs down by not having to staff it


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NOFOX
New Orleans Pelicans Fan
New Orleans
Member since Jan 2014
7927 posts
 Online 

re: New Personal Capital High Yield Savings (2.3%)
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 at 2:49 pm


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gpburdell
Georgia Tech Fan
ATL
Member since Jun 2015
525 posts

re: New Personal Capital High Yield Savings (2.3%)
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.


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