Great video for beginners 🎉 when choosing a hysa account how do you review the previous history of a bank playing a game when the bank spin off a new account type with higher rate while existing account doesn't go up. This one can characteristic can play a huge decision point when choosing your next hysa account.
Thank you for the compliment Dmitriy. I’m not 100% sure if I understand the question but how I look into banks is I always look at the brand, you’ll recognize big ones like Goldman Sachs, capital one etc. then I always look for FDIC insurance. And then look for reviews if it’s something less known. If it is completely new I wouldn’t put my money there even if it has a high rate. As for the banks playing games, as long as we r the consumer we have the power. I would take my money out of the bank if they tried something shady. Maybe call customer service. We have lots of options.
Very interesting, I didn’t know this actually. I imagine there must be information on that when you buy? My most recent was only short term (3 month) so I doubt it would be there. But if I did a long one to lock in interest I wouldn’t like that.
@MMuniz I've gotten a few CDs on Fidelity recently. They have a chart listing available CDs and "callable" is one of the columns you can view/filter for.
@@marksweetser6312 yes, i got mine from fidelity, I will look into it when my maturity date comes in July. Very good information guys thank you for sharing!
