If you're a parent, beginner in personal finance, who's working to get your finances in order and need help with your financial planning, so you can build your wealth, and achieve financial security, stability, and freedom, message me on IG @thealexisidro (I'm currently doing research and would love to know how I could help you/challenges you are dealing with, and in exchange for your input, I will answer any questions you have). instagram.com/thealexisidro/
I've settled on Capital One 360 savings for the hybrid brick & mortar, online approach . I can go to local Capital One Cafe or in branch to deposit Cash
@@thomasjones7491 No, none at all. I have only had one encounter with customer service to ask some questions about my account opening and it was a real person and they were nothing but helpful and polite. The interface is SO easy to use as well. It is all really simple to use which I love. Would you like me to give you a personal link to set up an account?
Thanks for the question. Let me share what the SoFi policy says: essentially, you need direct deposit, no minimum, to get the high interest. You need the $5K direct deposit to get the bonus. The footnotes say: "1 SoFi members with direct deposit activity can earn 4.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate."
@@alexisidro Yes. I called and talked to them, and Even though I would started with a $50,000 deposit, but..... because I could not meet the direct deposit requirement of $5,000 a month, I did not qualify for the higher interest rate. My SSI is $3800 a month.
@@NetNathan1you’re still not understanding, the direct deposit does not have a minimum requirement, you can deposit $10 from your SSI and you’ll qualify… It’s DD of any amount OR 5k a month
@@Alienspitter I thought I understood that they wanted a monthly direct deposit of min $5K to get high rate. Sure, I could open with around $500, but I still had to meet the monthly direct deposit amount after that.
Hey Alex! What’s the best HYSA to start an emergency fund? I just graduated college and I wanna start an account with a good APY that I can access/withdraw from easily if I get in a bad situation. What would be your pick?
