Best Nationally Available High APY Liquid Accounts
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They credited it manually for me. Annoying that this had to be done.
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Thinking about doing the following from Capital One. 90 days for $450.
Earn a $450 bonus when you deposit $50,000 or more into your 360 Money Market® account from another bank by May 22, 2019, or earn $150 when you deposit $20,000-$49,999.99. The clock’s ticking—make the most of the limited time offer.
Must keep funds on deposit until Aug. 20, 2019.
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Seems like a good deal if my math is correct. Could transfer $50K from a 2.50% account and only lose $60 interest over the 3 months. Just don’t think I could transfer in time by ACH.
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@atikovi why couldn’t you transfer in time by ACH? I’d think if you initiate the transfer on the Capital One end then they know that the money is coming.
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I think Capital One has a $5,000 ACH limit and I don’t have the bank I’d get the money from linked. I do have checks from my Northern Bank MMA I could take in to a branch if they can deposit it that way.
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Thanks for the information. So they’re promoting a transfer that’s higher than ACH limit. So the only way to do this is B&M. Can’t even do the lesser amount by ACH since you need 4 days to transfer $5K/day.
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@my4mainecoons said in Best Nationally Available High APY Liquid Accounts:
Thanks for the information. So they’re promoting a transfer that’s higher than ACH limit.
I don’t know. Maybe for a one-time transfer they waive that. Just haven’t tried it since I don’t have an ACH linked account. I do have a branch 1/2 mile from home.
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I just transferred $20K from ACH linked account.
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Went into a branch with a check from another bank to deposit into my 360 account. Asked a manager if I’ll get the bonus. Wasn’t really sure. Asked if I had some promo code or something. Made the deposit and made a copy of the offer in the link if 3 months later they deny everything. It does say, This bonus offer is meant only for the original recipient. Please don’t share it. So we’ll see.
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Effective 6/21/19, the interest rate on the Redneck Mega MM and All America Bank will go down to 2.4% APY.
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Regarding Wealthfront… according to their website, they are planning on keeping their rate competitive…I just opened with them…it’s a rather interesting setup and different then conventional accounts…I like what i am seeing so far…
My favorite features are: you can transfer up to $250,000 per day in or out…Although it’s called a Savings Account, you don’t have the “6 per month limit” The 1 million FDIC Insurance Coverage (because they sweep the money into 4 fdic banks)…and plan on adding debit cards, checks, bill
pay, mobile check deposits in the near future…And the high rate of course…LOLUp to 3 external bank accounts can be linked to it…They are actually a brokerage firm…not a bank…however, they use 4 actual FDIC Banks for this interesting set-up…
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WealthFront has not been added to the list.
I hope this help some of you all make a decision.
I am thinking in tranfering all my savings there now.
I am currently with a local bank from Boston area.
https://www.wealthfront.com/cash
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@craig10x said in Best Nationally Available High APY Liquid Accounts:
Regarding Wealthfront… according to their website, they are planning on keeping their rate competitive…I just opened with them…it’s a rather interesting setup and different then conventional accounts…I like what i am seeing so far…
My favorite features are: you can transfer up to $250,000 per day in or out…Although it’s called a Savings Account, you don’t have the “6 per month limit” The 1 million FDIC Insurance Coverage (because they sweep the money into 4 fdic banks)…and plan on adding debit cards, checks, bill
pay, mobile check deposits in the near future…And the high rate of course…LOLUp to 3 external bank accounts can be linked to it…They are actually a brokerage firm…not a bank…however, they use 4 actual FDIC Banks for this interesting set-up…
did you get a sign up bonus of any kind?
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No sign up bonus…only opened the Cash Account not their Brokerage Account (Investment side)…
Heck…2.51% apy and 1 million fdic coverage…what more could you ask for? (lol)
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Some of the fine print seems a bit sketchy,
Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor its affiliates is a bank. The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one program bank to ensure FDIC coverage of up to $1 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.
They aren’t a bank but take your money and put it into “program banks”? What happens if these banks fail? Does FDIC cover you or only Wealthfront? Quite a few banks already offer 2.50% savings, I don’t see any advantages here.
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@atikovi
The program banks are covered by the fdic…therefore you are covered by the fdic…that’s how it works with sweep banks…and the banks they use are large institutions like Citibank, for example…There is such a thing as being over cautious…but up to you…i feel my money is perfectly safe there…People buy Brokered Cds in their Brokerage Accounts all the time, it essentially works the same way…Only in this case the cash is going into savings accounts instead of cds…
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@craig10x said in Best Nationally Available High APY Liquid Accounts:
@atikovi
The program banks are covered by the fdic…therefore you are covered by the fdic…that’s how it works with sweep banks…Not sure what they mean by sweep but ok. And FDIC insurance is not provided until the funds arrive at the program banks. So what happens in the interim?
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@atikovi
It’s covered by SIPC until is arrives at the participating banks…Once arriving in the participating banks, the FDIC insurance side takes over…Sounds safe enough to me…
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
Some of the fine print seems a bit sketchy,
Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor its affiliates is a bank. The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one program bank to ensure FDIC coverage of up to $1 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.
They aren’t a bank but take your money and put it into “program banks”? What happens if these banks fail? Does FDIC cover you or only Wealthfront? Quite a few banks already offer 2.50% savings, I don’t see any advantages here.
The one thing to pay attention to is what the “program banks” are and if you already have money with them. For example, if they sweep 250k into Citi but you already have a Citi account with 50k in it, you have 300k at Citi but only 250k is FDIC insured.
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@jtownsucks46
Very Good Point! The only one in their “program group” that i do have funds with is Citibank where i have about $2000 in checking and $50,000 in a CD…However, i will be closing all that out in August when the CD matures…I recently switched my local banking over to Wells Fargo, so i wouldn’t be needing them anymore, anyway…But that is definitely something one does need to be aware of with this type of account…
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https://www.viobank.com/high-yield-savings up to 2.52%
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@goldsheet Thanks; table updated.
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Northern Bank Direct back has reintroduced their Money Market account. 2.5% interest rate with rate guarantee through December 2019.
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Ally lowered the rate to 2.10%
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Personal Capital is at 2.30%APY
Can this be add to the list?
https://www.personalcapital.com/cash
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@sacarface Yes added Personal Capital as well as Wealthfront which is similar but higher interest rate.
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Wealthfront raised their high yield cash account from 2.51% APY to 2.57% APY.
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Marcus by Goldman Sachs is dropping to 2.15% tomorrow.
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CIT Savings Builder dropped again, now down to 2.3%
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Northpointe Bank up to 2.55%
https://www.northpointe.com/earn255/
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EDITED POST: Promotion expired .
New BONUS Offer from Marcus
Marcus high-yield Online Savings Account.
Enroll in this offer by 11:59 pm ET on 7/29/19.
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@turtlebug I love this account. I hope it only increases soon.
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EDITED POST: Promotion expired .
Open a new SIMPLE Protected Goals Account by 7/31/19 4:59 PM PT.
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Popular Direct Ultimate Savings Account
2.55% APY $5,000 minimum deposit
https://www.populardirect.com/products/savings/popular-direct-ultimate-savings
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Wealthfront just lowered the APY.
From 2.57% to 2.32%
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Just received an email from Ally:
Starting 08/06/2019, your Online Savings Account will earn 1.90% Annual Percentage Yield (APY) on all balance tiers.
Looks like it’s down from 2.10 APY
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Salem Five eOne Savings down to 2.35% (was 2.51%)
Result: Down from #3 on list to about #19
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The Investor’s Bank eAccess Money Market just dropped again…to 2.30%.
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Pure Point savings down to 2.00%
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Another online high-yield savings account.
2.46% APY Only $25 to open. No monthly fee
https://www.briodirectbanking.com/high-yield-savings/
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Salem Five eOne Savings down to 2.20% (was 2.35%)
https://www.salemfivedirect.com/Also, no longer $3 fee per ACH transfer
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UFB Premium Money Market down to 2.15% (was 2.25%)
UFB High Yield Savings down to 2.15% (was 2.25%)
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Marcus by Goldman Sachs 2.00% (was 2.15%)
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Northern Bank Direct Monty Market is no longer open to new accounts as of 8/27/19
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Here’s something completely different - FitnessBank
Your rate is based upon the number of daily steps in your fitness tracker.
3.00% APY 2.96% APR 12,500+ STEPS
2.50% APY 2.47% APR 10,000-12,499 STEPS
1.75% APY 1.74% APR 7,500-9,999 STEPS
https://www.fitnessbank.fit/
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Here’s something completely different - FitnessBank
Your rate is based upon the number of daily steps in your fitness tracker.
3.00% APY 2.96% APR 12,500+ STEPS
2.50% APY 2.47% APR 10,000-12,499 STEPS
1.75% APY 1.74% APR 7,500-9,999 STEPS
https://www.fitnessbank.fit/Can I put that thing on my neighbour’s dog?
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
Your rate is based upon the number of daily steps in your fitness tracker.
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Thanks everyone for the recent rate updates. Table has been updated.
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Synchrony Bank HYS 2.00% (was 2.15%)
Barclays 2.00% (was 2.10%)
Discover AAII 1.95% (was 2.05%)
Discover OSA 1.90% (was 2.00%)
Self Help CU 1.58% (was 1.69%)CIT Money Market Account seems to be unavailable.
P.S. Went through entire list to check all rates.
