The Top 5 Savings Accounts of 2024 (High Yield Savings)

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The Top 5 Savings Accounts for 2023 (High Yield Savings Accounts, Q3)! Please note depending on when you watch this video, rates may have changed, check the links below for updated rates. This can help you earn some interest on the income you already make!
Links to banks:
Cardonomics Links: www.cardonomics.com/i/humphre...
American Express: www.americanexpress.com/en-us...
Marcus: www.marcus.com/us/en/savings/...
Ally: www.ally.com/bank/online-savi...
SoFi: www.sofi.com/humphrey
Wealthfront: cash.wealthfront.com/humphrey
Timestamps:
0:00 - Start Here
0:33 - Criteria
1:42 - Account 1
3:40 - Account 2
5:52 - Account 3
7:34 - Account 4
10:24 - Account 5
Please support this channel by checking out our partners:
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🏆 WeBull UK: www.webull-uk.com/i/humphreyUK (Get 2 Free Stocks when you deposit £100 and maintain funds for 30 days)
💸 SoFi Checking & Savings: sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply.
🎓 Public: pblc.co/humphrey to get $10 worth of free Stocks
RESOURCES:
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PS: I am not a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

Опубликовано:

7 июл 2024

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Комментарии : 437

@user-wv5xz6lq9z 8 месяцев назад

It's all about how you execute the information - simple and clear. Love it

@Meatytheburrito 10 месяцев назад

Discover has a great savings account and that's 4.30% with a $150-$200 bonus depending on how much you deposit

@Instakhamz 10 месяцев назад

Got 500 or 600 for 50k deposit with promo code. Sometimes, it comes back

@MrZuriax 10 месяцев назад

Yeah, I'm also vibing with Discover. I initially tried to open with Ally but they denied me for unknown reasons. I already had a CC account with Discover, so it was an easy alternative.

@ktkof04 10 месяцев назад

That's where I went and got the $200 bonus which they paid out after about a month after the money was deposited into the account.

@tHebUm18 10 месяцев назад

Yup, got my Discover $200 bonus a few weeks ago. I still prefer Marcus where I also have accounts, better user interface and whatnot--also they have every year for the last 3 years in Jan-Feb had a $100 bonus that also works for existing customers (based on transferring in $10,000 of "new funds"... AKA transfer out $10,000, activate promo, then transfer it back in haha).

@coryjohnson2486 10 месяцев назад

Damn I have like $6k in cash sitting at home. I need to open an account.

@rhemaike5179 10 месяцев назад

Wow! this comment section is better than any article on best savings accounts for 2023 i’ve seen on the internet

@brandonfisher8311 10 месяцев назад

I thought for sure you were going to mention CIT Bank which you can easily slide in to your top 2. A modest 4.65% and up to 5% their other high yield savings accounts . Man Ive learned so much from you over the recent months. I appreciate other bright minds. Keep it up!

@lawrence809 3 месяца назад

Western Alliance Bank is at 5.3% last I checked.

@charmedcole2007 10 месяцев назад

I personally have Barclay and Ally savings accounts. I've had them both for more than 3 years and like them. The feature Ally has to break down savings into buckets is pretty handy for me, but Barclay does increase rates faster than Ally. I'd recommend them both.

@coryjohnson2486 10 месяцев назад

Perfect timing with this. I have a savings account with my main bank, but I have like $6k in cash sitting at home in a safe and I’ve done nothing with it because I don’t know what I should do lol.

@johnnn146 10 месяцев назад

Great video Humphrey! Also just wanted to add that Marcus offers a 1.00 increase if you refer a friend. You can get up to a 5.30 APY

@maxview99 10 месяцев назад

Capital one is 4.3% right now, I've had good luck with them.

@TScottW99 10 месяцев назад

I use Marcus and have no complaints. I've been using them since March and have had zero issues.

@humphrey 10 месяцев назад

great!

@livingunashamed4869 10 месяцев назад

I use Barclays they are at 4.35% now and so simple to use. Member since 2019.

@tHebUm18 10 месяцев назад

12:21 On the flip side, I recently updated my direct deposit from work to go directly into a high yield savings. So now I earn days (some things a week+) of 4%+ interest on the $1000's of dollars each month that pass through between paycheck and going out for rent, car payment, utilities, credit cards, etc. It's not game changing, but doesn't hurt to earn $2 or so in extra interest each month vs $0 with it sitting in a checking account between coming in and going out. Also means the money not used for monthly expenses is earning high yield savings rate from the moment I get it without missing out on the days in transfer status.

@petereshun3127 Месяц назад

Which high end are you using

@tHebUm18 Месяц назад

@@petereshun3127 At the time I wrote this, Marcus by Goldman Sachs. I've since moved to Wealthfront which is a straight checking account that also has 5% interest--giving the best of both worlds.

@terrancethigpen6634 9 месяцев назад

Very good comparison video. One thing I wanted to add regarding Marcus HYSA accounts. Marcus also offers the referral bonus of 1.0% APY for 3 months, bringing the total APY to 5.40% as of October 2, 2023. Thank you for the great content. Love gaining the additional perspective and insight.

@basewho5230 7 месяцев назад

Does the referral bonus apply to the referrer and the referee? Or only the referrer? Important for me only because I barely know the person who has a Marcus account lol

@terrancethigpen6634 7 месяцев назад

⁠@@basewho5230It applies to both the referral and referred accounts. The referral period is three months per referral. With up to five referrals within a calendar year.

@j3thr0w31 10 месяцев назад

I’ve used Amex HYSA for many years and never had a problem. Great video.

@ItsMeLearyB Месяц назад

What do you like about it??

@kevindatangsta 10 месяцев назад

The Laurel Road HYSA offers a flat 5.00% APY! There's also a $300 opening bonus rn, and when paired with their loyalty checking account you can get $20 a month just for direct deposit.

@Shadowgangster123 8 месяцев назад

no name brands typically have lackluster service and may throttle interest rates if really out there after a few months (read the terms ppl) but yea i think there is a strong case to be made when going with these name brand banks hence why many yters recommend these OVER the straight up high apy rate online banks read up on some reviews to uncover the skeletons in their closet js

@bobtucker9973 10 месяцев назад

Great video! But to note, I’m pretty sure you can easily get 2 paychecks counted for the SoFi bonus, if you just set the account up a few days before one paycheck (and you are paid semimonthly or biweekly) then both your next paychecks will count towards hopefully getting to $5k.

@humphrey 10 месяцев назад

good to know!

@sinclairw5311 10 месяцев назад

Even if you timed it up to get 2 checks in the 25 days, most people aren’t netting $2500 paychecks.

@Live-Life-Freely 10 месяцев назад

@@sinclairw5311 Correct. However, this isn't for everyone.

@evenbiggeral5089 10 месяцев назад

They want it to be a joint account with more than one person participating, providing.

@Stephan-ng8uw 8 месяцев назад

I think the 25 days start after your first paycheck hit, so if you get pay bi weekly it should work

@rhemaike5179 10 месяцев назад

I have a Sofi account and the 25 day period to deposit 1k/5k starts after the 1st direct deposit hits your bank account so if you get payed semi-monthly or bi-weekly at least 2 pay checks will count. I am lucky and get payed weekly so 4 direct deposits counted for me and I got the $250 bonus.

@YTDataAnalyst 10 месяцев назад

Another great content. You and Gary Joe Wilde are highly recommendable investing pros every investor who wants to get rich investing must know or work with Unfortunately, don't know why Gary deleted his video channels. He is very advanced and experienced in the field.

@culturedlambo 10 месяцев назад

I prefer Gary's method exactly what i wanted

@VirginiaBlake-ro6wl 10 месяцев назад

@AvaLambert Same here... I trade with him... In all honesty I wish I knew about him earlier than I did.

@lucacataldo5248 10 месяцев назад

Personal Capital/Empower is 4.7%. Nice feature since most people use their finance management tool already

@nhien-dangle933 10 месяцев назад

Thanks for sharing these options, Humphrey! One other option I would add is Vanguard's Cash Plus Account, which offers 4.70% APY as of 8/1/2023. It's also eligible for FDIC coverage up to $1.25 million for individual accounts and $2.5 million for joint accounts.

@gracehuang8571 10 месяцев назад

Didn't know about this one! Looks like it's still in a limited rollout though:(

@ttk7781 10 месяцев назад

Not available to all Vanguard customers at this point

@masoodb2464 7 месяцев назад

I have this one. Nice to have it next to all my ETFs & Roth IRA.

@TheChadWork2001 5 месяцев назад

Vanguard are evil globalists

@gracehuang8571 10 месяцев назад

Marcus also gives you a 1% boost for 3 months when you refer a friend, and the friend gets the boost too.

@Harshaznintent 10 месяцев назад

I was really expecting Capitol One to be on this list. They're currently 4.3%. No monthly fees, no withdrawl/transfer fees, no minimum, FDIC. but no brick & Mortor stores.

@LozanoMotoRacing 10 месяцев назад

I think his list was focused more on the highest APY with certain criteria, not necessarily convenience

@JamesMeers1 10 месяцев назад

If you have a checking account with them which in no min, no fee you can do 6 cash deposits at Walgreens or CVS per month. Capital one was my pick for my use case.

@Bigsteve0299 10 месяцев назад

@@davidwilliam9451I got this offer too, what’s the catch besides 2 direct deposits?

@Kunyazaforever 10 месяцев назад

They do have brick and mortar ones

@PSCA1988 9 месяцев назад

Yes, I opened a Capital One savings and have been very pleased. Easy to open and transfers are no-hassle, too.

@jessepicard2382 6 месяцев назад

SoFi customer here. The 25 day period begins on the day your first direct deposit hits. So you could get as many as 3 paychecks (if paid weekly) or 2 paychecks (if biweekly) deposited in that period. I qualified for the $250 bonus on a biweekly pay schedule.

@owenyoungg1 5 месяцев назад

I tried sofi while depositing throughout basic training and AIT and when I NEEDED access to pull some money. They locked my account and access to my money and, it took a year and bringing up a lawyer to give them my money back.

@UniversallyMike 7 дней назад

Just discovered your page and I’m adding the tools to the tool kit! Thanks a lot brother!

@LazDombovic 10 месяцев назад

Hey Humphrey, CIT bank is FDIC insured and is 5.05% for their savings account as long as your balance is $5k or more. I was using Ally up until I found out about CIT earlier in the year. They also have ATM fee reimbursement, just like Ally, for their checking account. Wanted to through this out there because we all love to watch your videos for saving $$$$ :-D.

@Soma2501 10 месяцев назад

I heard after a few years they make a new account type and give the highest available interest rate for it while existing accounts don't go up so they keep you on your toes. Also, transfers take 5+ business days before they start acruuing apparently unless you start transfer from another bank and some have said it's hard to transfer money out. UFB Direct is also high apy (5.25 right now) but a lot of bad reviews on customer service as well.

@GalaxyNexus1 10 месяцев назад

@@Soma2501if they do that, can't you just open the new account and move your money there if they don't want to raise your interest?

@GalaxyNexus1 10 месяцев назад

I'm in the exact same boat. I still have my Ally accounts and use it to pay specific bills, but I just opened a CIT account and will be moving the majority of my funds there.

@axfinger4883 10 месяцев назад

I second CIT Bank. I chose them based on recommendation by Nerdwallet and even though transferring money in can take a little while I had no trouble doing a test transfer in and back out. FDIC insured and good interest rate.

@greeneking77 10 месяцев назад

@@Soma2501 This Aug. I finally switched to CIT Bank after about a year of seeing the higher rates there. It is true if you pull money into CIT Bank it takes 6 or 7 days (I did this on the initial deposit when setting up acc) but linking external banks and pushing it into CIT bank was no problem and arrived fast. I had heard rumors about transfers out so I did a test of transferring $7500 out just to see if it would give any problems or limit but no, it arrived at my other bank the next day. I am so far impressed with them. I will watch out for what you said about not giving the rate increase but that would be easy to solve by calling or opening a new acc and transfer.

@alfreditoyalma 10 месяцев назад

I have Amex savings. 4.25% APY and it’s a bank I trust. I also have 2 credit card and debit card with them

@jonnaborosky8836 10 месяцев назад

Thanks for the info.

@Kurt5Dobson 10 месяцев назад

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

@Kurt5Dobson 10 месяцев назад

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years,

@Kurt5Dobson 10 месяцев назад

Having a counselor is essential for portfolio diversification. My advisor ASHLEY AIRAGAHI who is easily searchable and has extensive knowledge of the financial markets.

@DNixon845 9 месяцев назад

250k in a matter of weeks…on how much invested😂

@Surfer-727 10 месяцев назад

Great video ! Thank You ! 💵💵

@justtrice2781 9 месяцев назад

I love Marcus!! As of today it is at 4.40% APY

@Rt23590 10 месяцев назад

I know Pnc promos this in certain states, but their high yield is 4.55% annually on any amount, fdic insured up to 250k

@jacksonbliss 10 месяцев назад

Very helpful comparison. Btw, for Gold members Robinhood offers a 4.9% APY for all unused cash in its brokerage account and 2m in FDIC coverage, to go with or keep separate from, its debit card and Roth/traditional IRAs.

@jakedawg253 10 месяцев назад

Be careful you may or may not be covered by fdic, your money is swep into other banks accounts which are fdic insurance up to a certain amount, if they exceed that amount then that portion is not fdic insurance, its very hard to find out if your in that situation as robinhood doesn't have a way to easily find out, so there is a possibility of loosing your money, from what I understand that is a pool of users money not yours Individually, but it's been awhile since I last read how it works but i got spooked out of doing it

@jacksonbliss 10 месяцев назад

@@jakedawg253 according to Robinhood’s own literature, money deposited in the cash sweep program is fdic protected up to 2 million dollars because it’s spread between 8 separate banks (just like what Humphrey was talking about with Ally Bank). ✌️

@markeastridge9649 10 месяцев назад

I am excited to go into my 4 blocks away from home US Bank Monday to open. Looks like all-in-one with normal checking and ATM. Well timed bonus switching jobs.

@mckinleyp13 10 месяцев назад

I’m a happy AmEx savings account holder

@financeindept 10 месяцев назад

Very informative video, thanks for sharing

@rajkotguy 10 месяцев назад

Nice video. I also want to mention that betterment also provides boosted APY 5.50%🎉

@Luv2Ski4500 9 месяцев назад

I have betterment at 4.75%. I’ll have to see how to get it boosted.

@unrealorbit 10 месяцев назад

Discover offers a pretty good savings account. No fees and my APY is currently 4.30%.

@justinlee9548 10 месяцев назад

Great video! Have ally and can’t complain

@edmundorivera5825 10 месяцев назад

Yes, great vid. You may have convinced me to transition from traditional brick and mortar banks. Their interest mechanisms are so unattractive. More and more I feel like I’m basically paying their rent and utilities…

@evenbiggeral5089 10 месяцев назад

USBank just offered 4.5%. Plus they have a variety of new account bonuses

@DiJourne 9 месяцев назад

Great strategy at the end.

@danielczarnowski433 10 месяцев назад

Thank you for this! Were you considering Synchrony for your top 5?

@christinamanucy8037 10 месяцев назад

FYI, Western Alliance offers 5.25% high yield savings through raisin, FDIC insured, no minimum deposit & no fees.

@ak0hn 10 месяцев назад

Betterment’s HYSA is 4.75% and 5.5% for new accounts

@arabico21 10 месяцев назад

In Colombia there are a bunch of banks offering 10% APY or higher. I've seen 13.25%. But I'm investing in mutual funds and CDs that offer 14% APY or higher, and I can remove my money at any time given in most of them, so currently I prefer those. There is a lot of uncertainty so I rather keep my money moving in case of something bad. I don't know if that is the right thing to do.

@Shadowgangster123 8 месяцев назад

the problem is you need the equivalent american currency for example x amount of colombia = 10k$ cause you have to remember currency is more volatile overseas and you then need to worry about money value drops like what happened during covid. other than that, if you deposit a high amount (also high when converted to usd ) then for now its an amazing deal. 10% beats americans and hopefully no exchange fees for currency or taxes on those gains ffom exchanges

@willmallory9085 10 месяцев назад

Excellent video Brother

@Jarod3926 10 месяцев назад

I use CIT's Platinum personally. It doesn't qualify for the list due to having a $10 outgoing transfer fee, and a $5k min balance to keep the high APY. Also the app is AWEFUL. But for a 5.05% rate... I can live with that.

@newkirk7591 10 месяцев назад

I personally switched over to capital one, they had alot of the things i was looking for in a hysa.

@Shadowgangster123 8 месяцев назад

like what for example?

@ItsMeLearyB Месяц назад

I've been hesitant on getting an HYSA cause i never felt like i was comfortable enough to do it. But now i see the benefits!

@Curbalnk 6 месяцев назад

I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market long term or buying a house?

@blaquopaque 6 месяцев назад

@@greekbarrios Who is this Monica you speak about? I have been searching for an advisor who can direct us on where the economy is headed next?

@kida746 6 месяцев назад

With that kinda money, why not both? 🙃

@cupidok2768 4 месяца назад

did sofi change the promo . they removed the 25 day period? anyone know?

@nicanzalone1 10 месяцев назад

Great video man, thank you! What are your thoughts on Betterment? Currently 4.75%

@rland503 10 месяцев назад

I've opened up a savings account with CIT Bank, and so far, no complaints. Currently receiving 4.60% APY.

@Shadowgangster123 8 месяцев назад

youll complain once you need to pay the transfer fee

@rland503 8 месяцев назад

@@Shadowgangster123 really??? How bad is it??

@ImVekg 10 месяцев назад

Hey Humphrey! I watched your video about how you regret not opening an Roth IRA acc sooner. I'm 20 and I want to get started but I wanted to ask you first if you think its a good idea to open one through robinhood with the 1% match per dollar that they're offering?

@hydragonal2921 10 месяцев назад

PNC has an account with 4.55% but it is admittedly SUPER limited on features. I’m currently planning on switching to Ally in the future because the buckets sound so great.

@TheSdcole60 10 месяцев назад

Really? I have three PNC accounts and had no idea they have a high yield savings account. Can you elaborate on what the account with 4.55% is? 🤔

@Alex-cw1ph 8 месяцев назад

@@TheSdcole60it's just their HYSA. I registered for mine online.

@Wbe1000 10 месяцев назад

I’m putting my savings in an Amex account (4.25 APY) while in school (masters). I’m going to leave here for a couple years then see where the market is at post election in 2025

@MONCHTER23 10 месяцев назад

Capital one saving also nice

@palanikarthi6484 10 месяцев назад

The 25-day countdown for the $250 SoFi account bonus begins after receiving the first paycheck or direct deposit. If you're paid biweekly, the bonus will factor in two paychecks.

@JoWoGoGo 10 месяцев назад

AMEX Savings currently 4.25%. I keep my tax witholding in there. My transfers have only been taking 1 business day lately.

@aldo9923 10 месяцев назад

Thanks

@melaldrianbaldoz1179 10 месяцев назад

Love the video, I just has an issue with SoFi. Since I lived in Guam, US territory, I cannot make any transfer to SoFi even though I'm a US citizen

@bige6922 10 месяцев назад

CIT BANK is paying me 4.972% right now. You have to deposit $5k to get this rate. So far, so good.

@bitterswtmocha149 10 месяцев назад

i really love the savings bucket and vault idea from ally and sofi respectively, but ally’s interest rate is almost a full point lower than other HYSAs and the direct deposit requirement at SoFi is annoying if you just want to park your emergency fund. i ended up going with CIT recently but they are slow to transfer. Marcus by GS doesn’t have mobile check deposit.

@basewho5230 7 месяцев назад

Sofi baffled me lol like, that means I have to continuously transfer money from my hysa into checking if I wanted to use it. And i don't even make 5k in 25 days- doesn't seem worth the 50 dollars

@Instakhamz 10 месяцев назад

I use varo 5% for 5k which im transistioning to sofi. Sofi 4.5 for paying bills. M1 plus 5% for main savings. Fidelity bloom spaxx about 5% ish as emergency .

@OnePomp 10 месяцев назад

I’m a new father and would love advice on which account is best for my future. Thank you!

@jeannettedrown7687 10 месяцев назад

Great video. What do you think of spaxx which is a cash position at Fidelity?

@chaimhersh2993 10 месяцев назад

Great video! Vanguard Cash Plus Account is now at 4.7 %. Any thoughts on that?

@3y3g00 10 месяцев назад

Wjat do you think of betterment? I have a lot of services from them, so decided to do their high interest savings as well. Tickler rate of 5.5 regular 4.75

@tonyem8745 10 месяцев назад

Barclays US also has really good competitive rates.

@ericav3397 10 месяцев назад

Hi Humphey, Can you share the Top Savings accounts for small businesses? Thank you.

@goateecusbilly1823 3 месяца назад

MVB, fdic insured, 5.10% hysa

@ryanrustek4684 10 месяцев назад

I use Upgrade and they are 4.81% currently

@BobPierceok 10 месяцев назад

Should someone spend more on stocks versus staking physical metals?

@juang1one 10 месяцев назад

...good vid...any thoughts on Cit bank?

@dtsect 10 месяцев назад

Could you do a comparison between these Savings Accounts vs a money fund like SWVXX?

@Wadewinnin 7 месяцев назад

The sofi 20 something day period only starts after your first direct deposit so if you get paid biweekly that’s 2 paychecks

@LouisAurizio 10 месяцев назад

UFB on line 5.25 percent. CFG 5.20 percent. Amazing how the big boys offer rates on the lower end.

@eighty-sixed1239 10 месяцев назад

I'm surprised that Synchrony Bank didn't make this list.

@ryanposton6136 10 месяцев назад

Fidelity offers money market account fully insured even above FDIC at 5.1% interest fyi..no fees at all

@manw3bttcks 4 месяца назад

One thing to point out, most of these accounts compound daily but pay you monthly. I have two online banks both are money market and I get 5.3%. Amex right now (2/20/2024) shows 4.35% so I'm beating them

@barbarar5869 10 месяцев назад

Synchrony bank has been around for a while and offer very good rates

@humphrey 10 месяцев назад

I dont have a problem w Symphony, just not a lot of viewers probably have heard of it.

@janetpettifer3486 10 месяцев назад

Are you familiar with PNC high yield accounts? If so any thoughts for me on that one?

@kylehoo1282 9 месяцев назад

Wealthfront ftw. With the friend referral boost I’m at 5.3%

@b2Samaritan 10 месяцев назад

Opened a Savings account with Bask bank, just last week. Whats your thoughts on that?

@quangfps 10 месяцев назад

Im currently using CIT bank platinum saving acc. and it offers 5.05%

@tylerdurden4483 10 месяцев назад

Does it cost money to get premium

@quangfps 10 месяцев назад

@tylerdurden4483 no as long as you meet the the minimum amount requirement

@MrPitirre1 10 месяцев назад

You missing CIT bank currently at 5.05% and Popular direct at 5.20%. They are both FDIC insured!

@alliclute 7 месяцев назад

Thank you for this! Anybody have any thoughts about BMO?

@cheddar500 10 месяцев назад

I haven't heard any RU-vid video mention Bask, they're at %5 APY currently

@caeden.k7610 10 месяцев назад

Thanks for the great video! What are your thoughts on freezing your credit to protect it? just wondering if its something worth doing. Thanks again

@humphrey 10 месяцев назад

i would freeze it if you arent anticipating any credit pulls in the next year or so. You can always unfreeze it when you need to apply for something. My dad recently fell for a credit scam via text message (he's old and doesn't understand english super natively) and had he had his credit frozen it wouldnt have been a problem... so we've been calling a lot of credit companies on his behalf lately to fix it (which we're almost done), but yeah, its a good precaution

@caeden.k7610 10 месяцев назад

Okay that makes sense. And I'm sorry to hear about the scam on your dad! Appreciate the reply! @@humphrey

@pinkrangerz 5 месяцев назад

Hi what do you advise if I want to save for multiple reasons like vacation,emergency fund and the like?would you recommend opening multiples?any advice is appreciated

@r3vo_fastskin 9 месяцев назад

I am using CIT bank right now, and compounding interest is daily and pay monthly, does it mean that the interest is greater than the APY advertised? Example, i placed 10k and i have interest of $41.6 per month, so next month they will include the interest (10041.6)in calculating the 5% interest? Correct me if i am wrong

@vygen 9 месяцев назад

I like the idea of Ally features, but I want a savings account that is tough to access for my emergency fund. Should I maybe try Ally banking features and Discover or Amex savings? I have PNC now and not thrilled with their budgeting options. Not at all intuitive.

@mcconnelllamarre155 10 месяцев назад

What are your thoughts UFB Direct? It currently has a 5.25% interest rate.

@johnmcgaw2753 10 месяцев назад

Does 4.7% make your cut? That what my "Cash Plus Account" at Vanguard is offering, at least as of five minutes ago when I checked. This is a 'bank sweep' account so the makeup may shift but the interest rate has always seemed quite competitive to me. I'm not sure about qualifications but as a not-uber-wealthy retiree they let me in so any requirements, if any, must be trivial.

@evv6560 10 месяцев назад

CIT Bank has been 5%+ for the last couple months

@LeeMyers-Jr 4 месяца назад

On Sofi the direct deposit requirement for the high interest, there is no specification of how much it needs to direct deposit, so a Direct deposit of $1 per month is valid.