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re: Should I move my Bank savings to a HYSA with Morgan Stanley?

Posted on 1/31/25 at 5:59 am to
Posted by theronswanson
House built with my hands
Member since Feb 2012
3082 posts
Posted on 1/31/25 at 5:59 am to
The interest on my HYSA is funding my kids 529 at the moment.
Posted by HeartAttackTiger
Member since Sep 2009
504 posts
Posted on 1/31/25 at 10:06 am to
If you have $300,00 at 5%, you can't make $2,500 a month.
Posted by The Boat
Member since Oct 2008
171575 posts
Posted on 1/31/25 at 9:54 pm to
quote:

Try CIT Bank it pays 4.35% if the balance is over $5k. FDIC insured.

I just did that this week after some research since I had never heard of them. Seems legit, you just have to watch your rate I read because they like to change the highest yield account without warning.
Posted by Stamps74
Member since Nov 2017
1084 posts
Posted on 3/3/25 at 7:04 am to
quote:

I just closed my account at Capital One and moved it to a brokerage/ checking account at Fidelity. My money stays in a money market fund gaining 4-4.5 percent


Is this the main acct when you deposit money in fidelity or how do you do it? Same with Charles Schwab?
Posted by ronricks
Member since Mar 2021
9679 posts
Posted on 3/3/25 at 7:28 am to
With Fidelity you pick the choices are SPAXX which is at 4% right now and I can't remember the other option.
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