Best Nationally Available High APY Liquid Accounts
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This is PW. Us cheap bastards don’t spend money on wires when ACH is free.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
This is PW. Us cheap bastards don’t spend money on wires when ACH is free.
I look at it differently. 250k at 3.70% is roughly $770 interest a month. 250k at 3.82% is roughly $795 interest a month. Wire fee is paid for first month through higher interest rate. Additionally, you may also lose a couple days interest if the ACH service at whatever bank you’re opening an account with only offers 3 day ACH service and unfortunately many banks still only offer 3 day service. At 3.82% on 250k, everyday lost is worth approximately $26. Therefore I don’t lose sleep over a $25 wire fee.
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@jtownsucks46
I have so many banks ACH connected I need a spreadsheet to see which ones to use to either push or pull.
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46
I have so many banks ACH connected I need a spreadsheet to see which ones to use to either push or pull.You ain’t the only one.
https://hosting.photobucket.com/images/d106/atikovi/bank_transfers.jpg
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Brilliant Bank MM was 3.61% now 4.01%
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mph Bank Savings 3.20% now 3.50%
Lending Club Savings was 3.12% now 3.25%
Liberty Savings Bank Savings was 3.10% now 3.50%
CIBC Bank Savings was 3.03% now 3.27%
Bank Purely MM was 3.01% now 3.50%
iGo Banking MM was 3.01% now 3.50%
Rising Bank Savings was 3.00% now 3.10%
Northpointe Bank Savings was 2.95% now 3.25%
Northpointe Bank MM was 2.95% now 3.25%
Discover AAII Savings was 2.80% now 3.05%
Discover Saings was 2.75% now 3.00%
Prime Alliance Bank Savings was 2.70% now 3.20%
First Internet Bank Savings was 2.53% now 2.78%
American Express Savings was 2.50% now 2.75%
Bank 7 Savings was 2.50% now 3.00%
Virtual Bank MM was 1.00% now 2.84%
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duplicate deleted
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State Exchange Bank High-Yield Savings Account
(via Savebetter) was 3.30%, now 3.60%NEW: Blue Federal Credit Union MMDA (via Savebetter) 3.65%
https://www.savebetter.com/credit-unions/blue-federal-credit-union/money-market-deposit-account
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Anybody else open an Upgrade Premier Savings account? They have a line in their terms and conditions where if you ACH money into Upgrade from an external account, you can only take the money out within 60 days to that same external account. No big deal you think?
Well, I used my First Foundation savings account to ACH a decent amount into Upgrade. Went through just fine. Now when I want to take that money out, I get a message from First Foundation saying, This account has been suspended from the Funds Transfer Service. I called FF and they said the routing number Upgrade uses isn’t compatible with personal accounts, or something to that effect, I wasn’t too sure what they meant.
So I basically have to leave that money there for almost 2 months. While it might be a good dilemma to be in, earning 3.50%, but it seems a bit shady. I can probably ACH it from Upgrade to First Foundation, but Upgrade transfer limits are small. $10,000 every 7 days max.
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Bread Savings was 3.00% now 3.50%
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CFG was 3.70%, now 3.85%
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LAUNCHING IN 2023
We’re preparing a new, FDIC-insured, High-Yield Savings Account
with no minimum deposit and an industry-leading 4.50% APY,
exclusively for M1 Plus members. ($125 annual membership fee)
https://m1.com/save/high-yield-savings-accounts/
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Alliant CU was 2.35%, now 2.50%
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Lematta Savings Bank MM was 3.35% now 3.70%
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Too bad they only did it by requiring 50k minimum to get the rate.
FYI: UFB is now showing 3.83% APY on all balance tiers per:
https://www.ufbdirect.com/Savings/ufb-high-rate-savings
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Tab Bank High Yield Savings was. 3.00%, now 3.64% APY
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Patriot Bank MM was 3.30% now 3.65%
Idabel National Bank MM was 3.25% now 3.55%
Synchrony Bank Savings was 3.00% now 3.25%
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Republic Bank Chicago was 3.38%, now 4.00%
Nationally available except IL, IN, MI, and WI
https://republicebank.com
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American Express Savings was 2.75% now 3.00%
ConnectOne Bank Savings was 2.00% now 3.25%
PenFed Credit Union Savings was 1.70% now 2.00%NEW: Third Coast Bank Savings(via SaveBetter) 3.70%
NEW: Continental Bank Savings(via SaveBetter) 3.65%
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@jtownsucks46 I would move a lot of my $$ to Merchants if they were more depositor friendly. There’s no way to make ACH transfers after the first one. You can make a mobile deposit, but you have to write a check to get money out. That’s not what I expect from an online bank. So, sadly for them, my money is going elsewhere.
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NASB up to 3.67% today
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@platypus said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 I would move a lot of my $$ to Merchants if they were more depositor friendly. There’s no way to make ACH transfers after the first one. You can make a mobile deposit, but you have to write a check to get money out. That’s not what I expect from an online bank. So, sadly for them, my money is going elsewhere.
If you have a hub bank like Alliant CU or Ally, you can use their ACH service to push/pull funds into and out of the account(this is what I do for Merchant’s and most other banks/CU’s I do business with). I typically don’t use a lot of the banks I do business with ACH services because, even when they do offer them, the limits are often way too low for my needs.
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@jtownsucks46 Yes, that’s true. I forgot about that because the account I usually want to transfer from charges a fee to send an ACH transfer, so that’s not an option. I have pushed money through another bank that doesn’t charge fees, but I don’t like going to all that trouble. It shouldn’t be that difficult to give a business my money!! Ha!
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Merchants has $5,000/day limit on ACH originated through them. Probably so people don’t suddenly take all their money out at once.
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All America Bank Mega Money Market and
Redneck Mega Money Market
Earn 4.00% APY (was 3.05%) on up to $75,000 (was $50,000)Effective 11/22/2022
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T‑Mobile MONEY
Checking and Savings accounts earn 2.25% annual percentage yield (APY*).
Starting December 1, 2022, the interest rate on all accounts increases to 2.50% APY.
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Republic Bank Chicago was 3.38%, now 4.00%
https://republicebank.comNationally available except IL, IN, MI, and WI.
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Brilliant Bank MM will charge $5 for paper statements. Just got a phone call from them telling me this and than I can switch to free e-statements, which I did. She also mentioned there is a fee for ACH transfers originated through them. Not a big deal if you use another bank to transfer money in and out. I guess to get 4% they have to charge for stuff most banks do for free.
Upgrade Bank, as far as I can see, doesn’t return account verification trial deposits to the originating bank. For example, I linked Brilliant to Upgrade and Brilliant sent two micro deposits totaling 30 cents to Upgrade. Upgrade didn’t return that 30 cents so now it’s debited from my Brilliant account. Not a big deal, as it’s a deposit in my Upgrade account, just kind of odd. I have over $4 in micro deposits in Upgrade from a few other banks I linked and only Brilliant has clawed it back. Hmmm. Any way to monetize this activity?
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Nationally available except IL, IN, MI, and WI
I track Republic Bank Chicago, post it, and
keep it on my list, but yes not “Nationally available”
(I’ll try to note that in future posts)
http://www.rejohnsonjr.com/SAVINGS.HTM
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Nationally available except IL, IN, MI, and WI
I track Republic Bank Chicago, post it, and
keep it on my list, but yes not “Nationally available”
(I’ll try to note that in future posts)
http://www.rejohnsonjr.com/SAVINGS.HTMI have it and Brilliant on our list here too but with notations on the states where they’re not available.
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My Banking Direct Savings was 3.15% now 3.55%
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Popular Direct High Rise Savings was 3.25%, now 3.35%
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Ally was 2.75%, now 3.00% effective 11/22/2022
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Live Oak Bank was 2.75%, now 3.10%
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FNBO Direct Savings was 2.15% now 3.00%
Quontic Bank Savings was 3.00% now 3.20%
Valley Direct Savings was 3.50% now 3.60%
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American First CU MM(via SaveBetter) was 3.50% now 4.00%
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SoFi savings: 3.25%
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Patriot Bank MM(via SaveBetter) was 3.65% now 4.00%
Blue FCU MM(via SaveBetter) was 3.65% now 3.75%
Bask Bank Savings was 3.60% now 3.85%
American First CU MM(via SaveBetter) was 3.50% now 4.00%
CIT Bank Savings Connect was 3.25% now 3.60%
Sky One FCU MM(via SaveBetter) was 3.25% now 3.75%
Rising Bank Savings was 3.10% now 3.25%
First Internet Bank Money Market Savings was 2.78% now 3.04%
SFGI Direct Savings was 2.51% now 3.01%
Paramount Bank Interest Checking was 2.00% now 3.00%
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CFG Bank MM was 3.85% now 4.00%
UFB Direct MM was 3.83% now 3.91%
UFB Direct Savings was 3.83% now 3.91%
Western Bank MM was 3.00% now 3.50%
Alliant CU Savings was 2.50% now 2.60%
Colorado Federal Savings Bank Savings was 2.40% now 2.80%
TIAA Bank MM was 2.25% now 3.00%
Varo Bank Savings was 2.00% now 3.00%
Self Help CU MM was 1.53% now 1.89%
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Juno keeps promoting crypto, but they have an FDIC insured account
(Evolve Bank & Trust) paying 5% up to $10,000
https://juno.finance/
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Blue FCU MM(via SaveBetter) was 3.75% now 4.00%
Lemmata Savings Bank MM(via SaveBetter) was 3.70% now 3.95%
Vio Bank MM was 3.52% now 3.62%
Connect One Bank Savings was 3.25% now 4.00%
My Savings Direct Savings was 1.50% now 3.90%
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Customers Bank High Yield Savings (NOT Max Savings) was 3.05%, now 4.05%
My eBank SuperSaver Money Market Account
4.08% APY for balances of $100,000.00 and above
2.48% APY for balances below $100,000.00
$5,000 USD Minimum Opening Deposit
https://www.myebanc.com/online-products/super-saver-money-market/
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Customers Bank was 3.05%, now 4.05%
From their website, https://www.maxmyinterest.com/learn-more
Max costs 2 basis points (0.02%) per quarter, or $20 per $100,000 held in your savings accounts, subject to a minimum of $12 every 3 months. No other costs or fees.
Basically that means it has an annual charge of .08% with a minimum $48 service fee per year so that 4.05% is more like 3.97%.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Customers Bank was 3.05%, now 4.05%
From their website, https://www.maxmyinterest.com/learn-more
Max costs 2 basis points (0.02%) per quarter, or $20 per $100,000 held in your savings accounts, subject to a minimum of $12 every 3 months. No other costs or fees.
Basically that means it has an annual charge of .08% with a minimum $48 service fee per year so that 4.05% is more like 3.97%.
There are two accounts - the High Yield Savings and the Max Savings. The High Yield Savings doesn’t have any fee like that and is also at 4.05%.
https://www.customersbank.com/personal-banking/personal-savings/
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
There are two accounts - the High Yield Savings and the Max Savings. The High Yield Savings doesn’t have any fee like that and is also at 4.05%.
High Yield is highlighted and promoted at the top of their page.
Didn’t even see Max hidden at bottom right.
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REMOVED
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Popular Direct was 3.35% , now 3.56%
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An increase: Citizen’s Savings was 3.00% now 3.75%
A decrease: ConnectOne Bank Savings was 4.00% now 3.25%
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@jtownsucks46 Thanks for the update. I kept looking for the 4% at ConnectOne & wasn’t finding it. This explains it.
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Salem Five Direct is at it again
4.10% on eOne Savings for new accounts
Current account holders have to call/email/chat to ask for higher rate.“eOne Savings eligibility is limited to consumers who apply online and who
do not have an existing checking or savings account with Salem Five Bank
at the time of the application, except that consumers with an existing eOne
Checking Account are eligible for the eOne Savings Account.”
