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Posted on 9/15/23 at 9:10 am to indytiger
I have my emergency account at Ally at 4.4%
Posted on 9/15/23 at 10:07 pm to indytiger
Campus federal is offering 5.15% APY on 7 month deposits
Posted on 9/18/23 at 7:20 am to indytiger
AMEX. I would have used Apple, but I don't want to get caught in the Apple web.
Posted on 9/18/23 at 9:23 am to deeprig9
quote:Schwab really doesn't have an equivalent to Fidelity (I use both). Schwaab is a fund. Fidelity functions more as a cash account, plus it carries $5 million in FDIC insurance ($2.5M/individual).
I keep my sideline cash in Schwab's equivalent, currently compounding 5.3%
Posted on 9/18/23 at 11:17 pm to indytiger
UFB Direct. Went in for 5.25 on Friday.
Posted on 12/20/23 at 12:33 pm to indytiger
Bumping to get feedback from any Ally customers. Been making pennies in WF savings for years and am looking for something HY but still fairly liquid. We have at most maybe half a dozen withdrawals from savings every year.
I'm familiar with the common drawbacks with some online banks (no cash deposits, time after settlement to access funds, etc.) but none of these are dealbreakers for me. Not looking to close WF necessarily either but I would if I were pleased enough with Ally.
Am I missing anything?
I'm familiar with the common drawbacks with some online banks (no cash deposits, time after settlement to access funds, etc.) but none of these are dealbreakers for me. Not looking to close WF necessarily either but I would if I were pleased enough with Ally.
Am I missing anything?
Posted on 12/22/23 at 6:47 am to messyjesse
I have WF for a free checking account and link it to Capital one. I have been happy with Capital one for ease of use and link to WF. I have 2 HYS a regular savings and a CD. Transactions have been easy.
Posted on 12/22/23 at 10:08 am to messyjesse
We've been using ALLY Bank for a long time (since it used to be called GMAC Bank). We've always liked them. They have competitive high yield rates for Savings and CDs. We bought our last house wiring the full amount from ALLY. They had a wiring process that made us feel 100% safe. They have a Wire and Fraud department that is very diligent and thorough. They investigate where you wire money to make sure it is legit and they even call you during the process to cover all of the wiring details.
You can make up to 6 free transactions each month (checks or withdrawals). We do maybe one a month on average to transfer an amount for that months bills to another checking account where we pay all of our bills with bank drafts. Plus we used to transfer money to Fidelity from ALLY each year for Roth and Traditional IRAs.
You can pretty much do anything at ALLY except cash transactions.
The best part about ALLY is they have great customer service that dependably answers the phone quickly, are very professional and knowledgeable, and will stay on the phone with you giving you advice and answering all of your questions. They make their annual 1099 forms available quickly each year for tax time.
I can't speak for other online banks but I can highly recommend ALLY.
You can make up to 6 free transactions each month (checks or withdrawals). We do maybe one a month on average to transfer an amount for that months bills to another checking account where we pay all of our bills with bank drafts. Plus we used to transfer money to Fidelity from ALLY each year for Roth and Traditional IRAs.
You can pretty much do anything at ALLY except cash transactions.
The best part about ALLY is they have great customer service that dependably answers the phone quickly, are very professional and knowledgeable, and will stay on the phone with you giving you advice and answering all of your questions. They make their annual 1099 forms available quickly each year for tax time.
I can't speak for other online banks but I can highly recommend ALLY.
This post was edited on 12/22/23 at 10:17 am
Posted on 12/22/23 at 10:34 am to indytiger
I use Morgan Stanley on E-trade. It's 4.3% or something like that. Mostly because that's my primary broker and it was just convenient to setup.
Posted on 12/22/23 at 1:05 pm to indytiger
Vanguard prime money market
Posted on 12/22/23 at 3:02 pm to messyjesse
I use Morgan Stanley and Betterment.
I wouldn't e surprised if we see the rates at the top now and they start sliding early next year.
CD rates have fallen by almost 50 basis points in the past 2 weeks.
HYSA are likely to follow.
I wouldn't e surprised if we see the rates at the top now and they start sliding early next year.
CD rates have fallen by almost 50 basis points in the past 2 weeks.
HYSA are likely to follow.
Posted on 12/22/23 at 3:11 pm to messyjesse
quote:Been with Ally for several years and have not had any issues. Keep an eye on their 11 mo no-penalty CDs as it is really an extension of the HYS accounts due to liquidity.
Bumping to get feedback from any Ally customers. Been making pennies in WF savings for years and am looking for something HY but still fairly liquid. We have at most maybe half a dozen withdrawals from savings every year.
I'm familiar with the common drawbacks with some online banks (no cash deposits, time after settlement to access funds, etc.) but none of these are dealbreakers for me. Not looking to close WF necessarily either but I would if I were pleased enough with Ally.
Am I missing anything?
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