Which high yield savings accounts do people use and why?

The Apple savings account is simple, pays well, and handy. I've been using it for a little bit now with no real complaints.

Discover is another great option. ETA: Reason here is good customer service and also still pays well, not quite as high as Apple savings.

AMEX has worked well for me

As long as you're not using a sketchy overseas one that gives an extra half percent they're interchangeable. You shouldn't have an amount of money in there to where it makes much difference.

I use Amex just because I already had their cards.

CIT - higher rate

Capital one. FDIC insured. Make sure any you use is FDIC insured and then all the same

I’ve used all of the following and had no real problems

Citi- Lowest rate but fastest transfer, I keep a bit in here if I need it transferred to checking in a day or so

CIT- Solid rate, good functional app, but 5k min, my mom got locked out of her account once from incorrectly typing her password too many times and they were very helpful

BMO Alto- falling a bit behind on rates and no mobile app but no real concerns, good CD options

Openbank by Santander- Enticing rate and a decent mobile app, had my transfers put on hold once, called and got helped immediately from someone that appeared to be US based or at least had impeccable English skills, have read of a lot of others having trouble getting started here so might not be worth the hassle for better rate

quote:

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online HYSA

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That is exactly what i signed up for.

When i went to try and do a wire transfer to close on my house, the web application would not work. I started trying to do the wire transfer 3 weeks before closing. After 2 weeks of trying and failing, and calling citibank support EVERY DAY, it was still not resolved a week before closing.

The indians you get on the phone dont give a shite. "Just try it again tomorrow" was the answer.

The web application is the ONLY WAY to initiate a wire transfer. You cant just call and get someone to help if it is not working.

I had to drive from Dallas to the closest citibank branch in Sioux falls, South Dakota to get a cashiers check.

I swore i would never use citibank again, and warn everyone about this shite whenever i had the chance.

Capital One 360. It’s who my credit card is through and it’s just easy to move money into and out of.

I’ve had no problems with Ally. Not the highest but very easy to use.

Why not just a vanguard brokerage account getting 4-5% right now?

VMFXX is 4.24% after fee.