Best Nationally Available High APY Liquid Accounts


  • Global Moderator

    Savings, Checking, and Money Market Accounts - Nationally Available Liquid Accounts

    WSJ Prime Rate : 5.50% - Difference from best liquid account: 2.95%
    Fed Funds Rate : 2.50%
    Broker Call Rate : The current Broker Call Rate is 2.00%
    Next FOMC meeting

    (You may also want to check the listing/tool at http://siftswift.com/en-us/bank-accounts_savings-and-money-market-account/ for rates.)

    APY Eff Bank/CU/Other Min Max Hard Inq Checks Debit Card ACH Orig/Des PWF Notes
    2.55% 8/2/19 Popular Direct Ultimate Savings $5K ? N N Y/Y -
    2.52% 6/01/19 Vio Bank High Yield Online Savings $100 ? ? N N Y/Y -
    2.50% 06/11/19 Northern Bank Direct MM $5K $250k ? Y Y Transfer capped at $5,000 per day when initiated via Northern Bank; no cap if initiated at another bank APY guaranteed through December 31, 2019, $3 ACH out fee
    2.46% 5/1/19 earn.bank $100 None Unknown N N Y/Y - $10 monthly maintenance fee waived with a $10,000 minimum average daily balance. Elect free eStatements and avoid the $25 paper statement fee.
    2.46% 8/16/19 Brio Direct High Yield Savings $25 ? ? N N Y/Y -
    2.44% 6/8/19 Mutual Bank Leader Money Market Account $1k $250k Unknow N N Y/Y - Account automatically refreshes on the 15th of every month to match the current Fed Funds Rate.
    2.40% 8/13/19 Customers Bank High Yield Savings Account $25k No Max ? N N Y/Y - Unclear if any interest is paid if balance drops below 25k
    2.40% 6/20/19 All America Bank Mega MM $0 $50k N N Y Y/Y -
    2.40% 6/20/19 Redneck Mega MM $0 $50k N N Y Y/Y - online Division of All America Bank
    2.40% 01/26/19 Tab Bank High Yield Savings $2.5k None ? N N Y/Y - $2,500 to open and $1 minimum ongoing to earn advertised interest rate. E-statements are free; paper statements $5 a month.
    2.40% 12/4/18 MySavingsDirect $0 N N N Y/N* - 2 max external bank links, can only push money out (no pulls)
    2.36% 12/21/18 Virtual Bank Money Market $100 N ? N N ? - $5 fee if balance falls below $100
    2.35% 8/16/19 Comenity Direct High Yield Savings $100 ? ? N N Y/Y -
    2.35% 8/8/19 SalemFiveDirect eOne Svgs $100 $1M ? N N Y/Y - ACH $3 fee per transfer
    2.32% 8/2/19 Wealthfront Cash $1 None Unknown N N Y/Y - No minimum balance requirement. Sweep account into 4 banks so up to 1M in FDIC insurance.
    2.30% 8/15/19 Investor’s Bank eAccess Money Market $0 $2M ? N N Y/Y - Balances over $2,000,000 will not earn interest. Withdrawals and deposits are each limited to $250k per month.
    2.30% 07/12/19 Northpointe Ultimate Money Market Account $0 1,000,000 ? N N ? - $1,000 min to open, 3 month rate guarantee
    2.30% 6/29/19 CIT Bank Savings Builder $100 to open, no minimum None N N N Y/Y - Under $25,000 pays 1.17%, under $25,000 with at least $100 monthly deposit pays 2.45%, over $25,000 pays 2.45%
    2.30% 2/22/19 Live Oak Bank Savings $0 N N Y Y/Y -
    2.27% 1/18/19 SFGI $500 N N N Y/Y - $500 min to open. Only 1 external account
    2.25% 8/13/19 Memory Bank Online Money Market Account None None Unknown Y Unknown Y/Y - Update 8/16/19: They’ve added the following disclosure to their checking and money market accounts: “Effective 9/16/2019 a Below Balance Fee of $15 will apply if the daily balance is below $1,000 any point during a statement cycle.”
    2.25% 8/13/19 Western State Bank High Yield Money Market $0 $3M ? ? ? Y/Y -
    2.25% 8/2/19 UFB Direct Premium Money Market $25K ? N Y Y* Y/Y - Balances under 25k earn 0.50%. No monthly maintenance fee on $5K avg. min., otherwise $10/month <$5K. Free Visa Debit Card upon request.
    2.25% 8/2/19 UFB Direct High Yield Savings $0 ? N Y Y* Y/Y - *Free Visa Debit Card. No interest earned if balance is below 10k
    2.25% 07/24/18 Northfield Bank Platinum Savings $0.01 None ? N N Y/Y - Deposit money must be new to bank. 2.25% for deposits up to $100,000. Deposits over $100,000 earn 0.90% on the entire balance. $8 fee if the daily average balance falls below $2,500.
    2.25% 08/01/18 Customers Bank Ascent Money Markt $1 No Max ? N Y Y/Y - No Interest Paid for Balances under $25k; Rate guarantee through 6/30/19
    2.22% 8/2/19 Banesco Banes Grow Savings Account $100 ? ? ? ? Y/Y - Minimum to open is $100 but minimum to earn the APY is $300.
    2.20% 8/16/19 CIBC $1k $1,000,000 ? N N ? - Initial deposit limited to no more than $250k
    2.20% 8/9/19 WebBank Savings $1,000 $500k ? N N Y/Y Account will be closed if minimum balance of $1,000 is not maintained.
    2.20% 8/9/19 HSBC Direct Savings $1 None Unknown N N Y/Y - No minimum balance requirement
    2.20% 8/2/19 Rising Bank High Yield Savings Account $1,000 500k ? ? ? Y/Y -
    2.20% 7/12/19 Citizen’s Access $5,000 None ? N N Y/Y - 0.25% for balances under $5,000; advertise NO fees for anything
    2.15% 8/2/19 Sallie Mae MMA $0 N Y N Y/Y - Sallie Mae FAQs
    2.15% 8/2/19 Bank 7 $100 ? N N* Y/Y - *ATM Card Only; $15.00 minimum balance charge per month if daily balance falls below $100; E-Statements free or Paper Statements for $15 quarterly fee
    2.15% 7/12/19 Synchrony Bank HYS $30 N N N* Y/Y - $30 minimum balance to avoid a $5 monthly service charge; ATM card
    2.15% 6/28/19 Marcus by Goldman Sachs $1 $250k N N N Y/Y - $1 to open, 4 max external bank links. $250k max for new accounts
    2.12% 8/2/19 Mutual One Online Savings $10 N N Y/Y - No minimum balance requirement
    2.10% 8/9/19 IGObanking MM $25k N N Y Y/Y - min$25k to open and earn interest; $15 fee for balance < $25k
    2.10% 8/9/19 PurelyMoneyMarket $25,000 - N N Y Y/Y -
    2.10% 8/2/19 FNBO Direct Savings $1 N N N Y/Y - No minimum balance requirement
    2.10% 7/12/19 Barclays Online Savings $0 N N N Y/Y - remote deposit via PC or mobile; online 1099-INT but paper copy sent in the mail.
    2.10% 2/01/19 Alliant Savings $5 N N A Y/Y - Rate requires a daily average minimum balance of $100.
    2.10% 12/21/18 American Express HYS $0 N N N Y/Y - -
    2.05% 8/2/19 Discover AAII $0 N N N - / - - No chexsystem pull. No CC for initial deposit. No monthly fees. Max 6 withdrawals/month, then $15 per w/d.
    2.05% 8/2/19 Personal Capital Cash $1 None Unknown N N Y/Y - No minimum balance requirement. Sweep account into 5 banks so up to 1.25M in FDIC insurance.
    2.05% 8/2/19 Northpointe Bank Ultimate Savings $0 1M Unknown N N Y/Y - Balances less than $25,000 earn 1.12%, Balances between $25,000 - $1,000,000 earn 2.55% on the entire account balance, 3 month rate guarantee
    2.05% 12/13/18 Radius Bank HYS $10 N N N* Y/Y - balances of $0.01—$9.99, 0.05% APY applies to the entire balance on balances of $10.00—$2,499.99, 1.50% APY applies to the entire balance on balances of $2,500—$24,999.99, and 2.05% APY applies to the entire balance on balances of $25,000 or more; ATM card
    2.05% 07/18/18 Bank 5 Connect $100 None ? N N Y/Y - FDIC Insured for up to $250,000 and DIF Insured for over $250,000, meaning 100% of deposits are insured in full; $1 monthly fee for optional paper statements
    2.02% 8/2/19 Colorado Federal Savings Bank Premier Savings $50,000 None ? N N Y/Y - Only allows transfers to & from original linked account
    2.00% 8/16/19 State Farm Bank Money Market $1,000 N N Y(ATM) Y/Y - Complimentary money market checks provided. No fee for ATMs used that are owned by State Farm Bank. Account will be rebated up to $10 per statement cycle when a foreign (non-State Farm Bank owned) ATM is used.
    2.00% 8/16/19 Purepoint Financial $10k N N Y/Y - 0.25% on $0.01 - $9,999.99; 1.75% on $10,000.00+. $10k minimum deposit to open. All deposits credit same day.
    2.00% 8/2/19 Discover Bank OSA $0 N N N Y/Y - No minimum deposit
    2.00% 1/01/19 PenFed Premium Online Savings $5 N N N Y/Y -
    2.00% 11/12/18 Capital One 360 MMA $10K N N N Y/Y - 0.60% APY for <$10K
    1.97% 8/2/19 NASB High Rate Savings $50k ? ? Y Y/Y - Less than 50k and more than 5M pays 0.10%. Rate guaranteed for 6 months from opening. Early closure fee of $30 for accounts closed within 90 days.
    1.90% 8/6/19 Ally Bank Online Savings $0 N N N Y/Y - 1099-INT online & paper, unlimited external bank links, offers 1-day ACH transfers
    1.90% 09/21/18 IGObanking Savings $1 N N N Y/Y - -
    1.90% 09/21/18 SavingPurely $0 - N N Y Y/Y -
    1.85% 12/11/18 MyBankingDirect MMA $2500 Y** - - - - 1.5% for $5k to $25k; 0.25% for < $5k
    1.85% 07/27/18 Able Banking MMA $250 N N N Y/Y - one external linked account
    1.85% 05/27/18 CIT Bank Money Market Account $100 N N N Y/Y - Free outgoing wires for accounts with balances over $25,000
    1.80% 8/2/19 SmartyPig $0 N N N Y/N -
    1.80% 05/01/18 EBSB Direct MM 3 $2500 N N Y Y/Y - 0.25% < $10k; $8 fee if balance < $2500
    1.80% 2/25/18 Dollar Savings Direct $0 N N N Y/N* - no fees, no ACH pull
    1.75% 8/9/19 E Trade Premium Savings $1 ? ? ? Y/Y - $1,000 balance to avoid $10 monthly fee
    1.75% 8/2/19 Zions Bank Online Money Market $500 ? N N Y/Y - Balances less than 25k pay 0.01%, Balances over $25,000 pay 1.75%
    1.69% 8/2/19 Self-Help CU MMA $500,000 ? Y Y ?/? - Balances between $500 and $500,000 earn 1.33%; $5 fee for balances less than $500
    1.55% 10/19/17 CIT Bank Premier HYS $100 N N N Y/Y - Free outgoing wires for accounts with balances over $25,000

  • Global Moderator

    Oooh. One if my favorite threads on FW. I always read every single reply, even when I’m happy with where my funds are parked/who I’m giving a low/rock-botton interest rate loan to. Thanks for taking this on OP!


  • Global Moderator

    Alliant savings up to 1.16 today.



  • I also got the rate increase alert from Alliant although I’m juggling my funds for churning right now so I’m still earning more.


  • Global Moderator

    @jtownsucks46 Will you be copying the contents of the quick summary here? It seems like it should go in the OP since we don’t have a QS/wiki yet.


  • Global Moderator

    @fivetalents yes that’s my plan 🎱


  • Global Moderator

    @jtownsucks46 That’s great. I tried to copy it here but it was a hot mess. @KayK seems to have mastered making tables (see here https://phatwalletforums.com/topic/273/deathwatch-2017), so I wonder if he might help. Here’s a snapshot of what he typed into the editor/text entry box:

    0_1506993513291_Screen Shot 2017-10-02 at 9.17.06 PM.png


  • Global Moderator

    @fivetalents yes, that’s why I haven’t gotten it up yet - not easy!



  • If it’s in an excel file or csv (or even fatwallet)… paste it here --> http://www.tablesgenerator.com/markdown_tables

    Go to File --> Paste Data on that page and then you should get the Markdown code which you should be able to copy and paste it here. That’s what I did… copy from fatwallet, paste it there, generate markdown code, copy that, past it over here.


  • Global Moderator

    @kayk said in Best Nationally Available High APY Liquid Accounts:

    If it’s in an excel file or csv (or even fatwallet)… paste it here --> http://www.tablesgenerator.com/markdown_tables

    Go to File --> Paste Data on that page and then you should get the Markdown code which you should be able to copy and paste it here. That’s what I did… copy from fatwallet, paste it there, generate markdown code, copy that, past it over here.

    I invoke his name and @KayK appears like a genie out of a lamp to save the day. I tested it on one of the smaller tables from the High APY QS and it seems to have worked. Thank you!
    .
    ETA: Table moved to the OP


  • Global Moderator

    Thanks 5T. Is there a reason Ally Bank’s 1.2% rate isn’t on the chart?


  • Global Moderator

    @orthros said in Best Nationally Available High APY Liquid Accounts:

    Thanks 5T. Is there a reason Ally Bank’s 1.2% rate isn’t on the chart?

    I was just testing KayK’s instructions on how to include tables with the platform used on this site. @jtownsucks46 is going to copy the entire contents of the QS here and (I presume) ensure that it is accurate/updated. But at least now, thanks to @KayK we know how to make sure the tables work.

    ETA: also, if it makes a difference, the table I posted is the “Reward Checking Accounts” table, not the larger “Savings, Checking, and Money Market Accounts” table.


  • Global Moderator

    In light of the announcement of the official FW shut down date today, I’m trying to get everything in the QS transferred over to the OP, but the hyperlinks will take a bit of time.

    ETA: the FW links will soon be useless so if anyone wants to preserve any of the info from them, please do so now. If you create a new thread and post the link here, I’ll update the table in the OP.


  • Global Moderator

    OK. I’m finally done importing the table and all of it’s links. Thanks again to @KayK for pointing us in the right direction.

    I need folks to please test all of the links ASAP. We only have a day or two before FW goes dark to correct any errors.

    The links in the FW Link column will not work soon for that same reason, so I again ask that if anyone wants to preserve any of the info from the FW links, please do so ASAP. Please create a new thread, copying the OP, QS, (except in the few cases where the link is to a single reply), and anything else you feel is critical. Then post the link here so that I, another moderator, or the OP can update the table(s). The only author of those threads that I know is a member here is @David-Scubadiver, but I invite him and the other OPs of those FW links to copy over their own threads if they want to remain the OP.

    Thanks folks.


  • Global Moderator

    @fivetalents thank you - i’ll be checking links this afternoon.



  • @fivetalents said in Best Nationally Available High APY Liquid Accounts:

    Scuba

    No pride of ownership here. I don’t care if someone copies a thread I started and hosts it over here as their own. The only thread I remained active in was the Individual Stocks thread, and someone already started that here.



  • Greeting All. I was juuuust starting to peruse the FW Finance forums and really seeing the value in it, when Boom!, you know what happened. Thanks for providing this alternative.

    I’d like to ask your all’s advice. I would like to establish and maintain an emergency account at ~$3000, with a “High APY Liquid Account” seeming to best fit the bill. Ideally, the money would just sit there, but if something came up like a broken washer and dryer, the account would fund that, then I’d top it back to $3000 as funds permitted. Non-ideally, it would be part of a job loss cushion. [My wife has an account with Edward Jones, but I’m lukewarm on that institution]. Can anyone advise how to go about finding the best account for my purposes? Thanks for helping this novice out…


  • 500 Club

    @skaterringo I’m thinking about getting Capital One MMA. 1.2% APR and $200 sign up bonus. For < $10K its 0.6%. IDK if you’d get the sign up bonus.



  • Welcome @SkaterRingo thanks for joining us! The first post in this thread contains a list of the most recently known high APY accounts - is that what you’re asking?


  • Global Moderator

    @craig10x, @mikk1, and anyone else who was interested in/following the pagination/infinite scroll discussion, it has been moved here: https://phatwalletforums.com/topic/859/pagination-vs-infinite-scroll



  • Thanks, @mikk1 . Yes, that list is basically what I’m looking for. I take it the best way to determine which one is most suitable is just click on the ones that look most interesting and read up? As I was looking through some FW posts on the subject, I saw a wide variety of ways people used MM accounts, whereas I had assumed there was one basic purpose–simply to have liquid access to a lightly used account that gets a little more return than regular checking and the like. But I infer from your pointing me to the list that it’s not an especially complicated matter. Now I’ll take the time to look more closely. Many thanks for the convenience of the list!



  • @skaterringo If you’re just looking to simply stash some cash, yes, the list is a great start. You might also look at http://www.bankrate.com for additional listings.

    Folks also use these for more complicated stuff, but I’ll let them speak into the variations if you’re looking for a more complicated strategy to maximize yields (using multiple high yield accounts with transactional requirements, etc.).



  • @skaterringo I’m not sure if it’s okay to recommend a site that provides a lot of discussions on banks including the ones that give sign up bonuses. Feel free to send me a PM so I don’t violate any rules. If the mods read this and it’s allowed, I will post it here for all to see. I can say I’ve used that site and have received thousands of $ in bank sign up bonuses juggling the same funds for DH and me for the past year.


  • Global Moderator

    @Ma-Barker
    I believe you are talking about DoC.
    AFAIK DoC does not use affiliate links on their site without explicitly stating so.
    I think you are OK with posting links to DoC. I used to do that all the time on FW.



  • @marcopolomle yes it is Doc’s site ~ doctorofcreditdotcom

    here’s a tip for those who are just starting to navigate the site:
    ~ for banks advertised having sign up bonuses and limited to certain states, make sure to check discussions because it has turned out that some banks do not enforce the state limitations. An example is the MandTbank which turned out a huge moneymaker to many until they closed the loophole. Bonuses posted a day or two after ACH push from an external bank posted to account. IINM, the loophole took more than half a year before it got plugged just recently. It is now considered dead but for those who live in the targeted states, make sure to check it and try your luck.



  • Where does it say SalemFive has an ACH $3 fee per transfer?



  • Discover Bank raised its rate to 1.20% on Friday 10/13. I like this because I have some money there waiting for the bonus.


  • Global Moderator

    GS Bank up to 1.3%



  • CIT Bank is now 1.35% for up to 250k, no longer has the 100k limit



  • Incredible Bank has a rate of 1.41% for balances of 250k and above



  • Ally raised its savings rate to 1.25%.



  • AAII Discover has a sign up bonus with code AAIIBONUS that expires 10/31. Current rate is 1.25%. No chexsystem pull to open this account. Bonus is $150 on $15K or more OR $200 on $20K or more deposited by Nov 15, 2017.


  • Global Moderator

    @ma-barker said in Best Nationally Available High APY Liquid Accounts:

    AAII Discover has a sign up bonus with code AAIIBONUS that expires 10/31. Current rate is 1.25%. No chexsystem pull to open this account. Bonus is $150 on $15K or more OR $200 on $20K or more deposited by Nov 15, 2017.

    Is this something that requires a new entry on one of the tables, or is it just an FYI?



  • @fivetalents I guess it’s both since AAII Discover savings has current APY of 1.25% PLUS the sign up bonus that expires end of October. With or without the sign up bonus, I think it’s one of the best offers around.


  • 500 Club

    @ma-barker newbie at this stuff. I looked on the chart and didn’t see AAll Discover. Is this a Discover card product?
    I’ve been thinking about getting the Capital One MMA as well. Never heard of Chexsystem. Is this like a pull when you get a credit card? Since there’s no Chexsystem pull w/ AAllDiscover does that mean I should open the Discover first then the CapitalOne? tia



  • @my4mainecoons yes, AAII savings fall under Discover Bank. It has the highest rate among three, the other two being Discover savings and AAA Discover savings although their rate is not a lot lower than AAII.

    Chexsystem is usually pulled when one applies for a bank account, similar to one of the CRA when one applies for a CC. Chexsystem in NOT pulled by Discover, for whatever reasons. With the Discover savings offer, there is NO NEED to leave the money, I pulled out 98% of the $20K two days after it posted and sent it back to my external account. If the C1 bank requires you to park the funds there, I suggest you do the Disc savings first. Once you have deposited the full $15K or $20K, you can pull it the next day while leaving some amount to keep the account open until you get your bonus. Once you get your bonus, you can choose to close it, if you wish.


  • Global Moderator

    @ma-barker said in Best Nationally Available High APY Liquid Accounts:

    @fivetalents I guess it’s both since AAII Discover savings has current APY of 1.25% PLUS the sign up bonus that expires end of October. With or without the sign up bonus, I think it’s one of the best offers around.

    That’s what thought initially but when I tried to fill out the table I realized that most of the info needed was missing and thought I must have misunderstood. If you could provide the data points for all of the cells, I’d be happy to update the table with this new account.



  • I’d be glad to fill them if you tell me what EFF stands for and my apologies for not understanding how to fill the ACH orig/des cell is. I know what ACH push and pull is but how does the orig/des relate to opening an account? I’ll just PM you what to enter on each cell and you decide if it’s appropriate or not. If not, feel free to remove the post to avoid confusing others.


  • Global Moderator

    No need to apologize @Ma-Barker, I thought you knew this stuff better than me. I guess it’s the blind leading the blind on this one. Just give me whatever information you feel is most accurate and I’ll enter it in the table. The others can correct us or provide additional information as needed.



  • Dollar Savings Direct is now 1.50% !



  • PSA: TODAY is the last day to register for the THREE Discover savings accounts for an easy $150 OR $200 per account.


  • 500 Club

    @ma-barker thanks for the reminder. I want to do it but am nervous. Have to deal with trick or treaters for the next few hours then will see if I can do it.



  • I can’t quote you, Ma Barker, but have a question that I could not find a conclusive answer to. Thanks to your info, my wife and I each opened a Discover savings account two weeks ago, using whatever $200 code was valid. We would like to now take advantage of the expiring AAA offer. Should we open two more accounts with our same info and deposit and deposit 20k each in the new accounts? I don’t mind doing this, but want to make sure that this give us the best chance of earning the AAA bonus in addition to the non-affiliated one.
    We could also the the AAll offer, but don’t know what the requirements are. At first, I thought you had to be friend of Bill, but now think you need to be a law librarian. “smiley”



  • @honkinggoose I suggest you go to doctorofcredit website where they have the links to all three. The code I used for AAA was AAABONUS (all caps), you may be asked for your AAA membership but just leave it blank. For the AAII, they also ask for membership number which I also left blank. Code for AAII is AAIIBONUS. Even if you see the bonus code populate REMEMBER to press APPLY to make sure it gets applied to your registration. I filled in all required info for our applications to avoid missing anything. At the end, of each application the new D savings account was there. I immediately linked this to my bank hub so I can transfer money to the new account asap.

    HTH.


  • Global Moderator

    @cooltech said in Best Nationally Available High APY Liquid Accounts:

    Dollar Savings Direct is now 1.50% !

    I updated the table, thank you.



  • @MaBarker Thank you. I did the AAA and AAII applications for both my wife and I tonight. Had to wait an hour on hold as my final application said that I needed to call. They asked security questions and wanted copy of DL / ID / Passport. She apologized for the hold time and said they were getting slammed from people trying to open the bonus accounts. She laughed when she saw all of my recently opened accounts, and without skipping a beat said that if I funded the account, I would get the bonus since I applied before 11/1.



  • Synchrony Bank’s Online High Yield Savings Account had increased to 1.30% apy on Sept 21st…


  • Global Moderator

    @interestorders said in Best Nationally Available High APY Liquid Accounts:

    Incredible Bank has a rate of 1.41% for balances of 250k and above

    This hasn’t been added to the table yet… is this for Incredible’s checking or savings accounts, or both?



  • CapitalOne MMA now ears 1.3% for balances over $10k (0.6% for lower balances)




 

DMCA Policy

Looks like your connection to PhatWallet was lost, please wait while we try to reconnect.