Best Nationally Available High APY Liquid Accounts
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SalemFive Direct up to 1.85%!
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
SalemFive Direct up to 1.85%!
But I can only pull $15K a day, $25K a month into my account. If I push from from another account like PurePoint, will there be a few days that no interest is earned, negating the higher rate?
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CIT Money Market Account 1.75%
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@jtownsucks46 I’ve moved my money out of SalemFive Direct because they do not increase the interest rate for existing customers without a hassle. Only new accounts get the improved rate. For existing accounts, you can contact them and they will offer to match the current rate if you deposit some amount (varies) of additional funds. You have to repeat this for every rate increase you want to take advantage of (and they might limit how often you can do so…not sure about that). I tired of the hassle so moved into other banks that may have a slightly lower rate currently but automatically give the new rate whenever it increases.
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@slice said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 I’ve moved my money out of SalemFive Direct because they do not increase the interest rate for existing customers without a hassle. Only new accounts get the improved rate. For existing accounts, you can contact them and they will offer to match the current rate if you deposit some amount (varies) of additional funds. You have to repeat this for every rate increase you want to take advantage of
I just called them and they bumped up the rate to the 1.85%. Not a big hassle for the great rate.
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@atikovi also called Salem 5 and received bump to 1.85% on eOne Savings = Easy
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While it hasn’t launched yet, Beam (meetbeam.com), a bay area start-up is claiming to offer 2-4% APY with FDIC insurance. Although it looks like there will be some hoops to jump through and there currently is a waiting list to join:
https://www.forbes.com/sites/laurengensler/2017/09/18/high-yield-online-savings-account-beam/#7c335b3e3531
I figure it will at least be worth investigating upon launch.Moderator note: link edited to remove referral information.
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This post is deleted!
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@crazyhokiefan said in Best Nationally Available High APY Liquid Accounts:
While it hasn’t launched yet, Beam (meetbeam.com), a bay area start-up is claiming to offer 2-4% APY with FDIC insurance. Although it looks like there will be some hoops to jump through and there currently is a waiting list to join:
https://www.forbes.com/sites/laurengensler/2017/09/18/high-yield-online-savings-account-beam/#7c335b3e3531
I figure it will at least be worth investigating upon launch.Moderator note: link edited to remove referral information.
The posting of referral information such as codes or links is not allowed anywhere on this site. Members may request referrals in our Official Request A Referral Thread, or privately through chats. Your link has been edited to remove the referral information.
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https://www.incrediblebank.com/products/savings
rate raised from 1.66% APY to 1.76% APY for balances $25,000 and above
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LiveOak bank just announced that the saving rate is 1.7% APY.
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@goldsheet thanks for the update on Incredible
@l_tiger thanks for the update on Live Oak
table updated
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Mutual One Online Savings up to 1.71%
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Mutual One Online Savings up to 1.71%
Capped at $250,000 over that amount, the rate is 0.25% which is a shame because they have unlimited deposit insurance coverage (fdic plus private insurance) only available to mass. banks like they are…
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Bank 7
https://www.bank7.com/personal/online-accounts/#per-hrommHIGH RATE ONLINE MONEY MARKET
$.01 – $4,999.99 0.0%
$5,000.00 – $999,999.99 1.80%
$1,000,000.00 and above 0.00%HIGH RATE ONLINE SAVINGS
$.01 – $99.99 0.0%
$100.00 – $999,999.99 1.80%
$1,000,000.00 and above 0.00%
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Live Oak Bank just raised their online savings account to 1.70% APY
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RE: Incredible Bank
The table says " 3 max external links"
I currently have 7 external links, including some added recently.
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Popular Direct now has a 2.00% APY “Exclusive Savings Account” on all balances. $5k minimum opening deposit, although the minimum balance to earn the stated APY is only $0.01.
(edit to add the following) -
Minimum opening deposit is $5k $4 monthly service fee if the balance on any day is below $500. $25 early closing fee if account is closed within 180 days of opening. $5 monthly dormancy fee if there has been no activity for 12 months. Withdrawals only allowed via an external account, internal transfer to another Popular Direct account, or ACH. $5 fee for each additional debit exceeding the limit of six per statement cycle. Deposits only allowed via an external account, internal transfers to another Popular Direct account, ACH, or Popular Direct mobile app.
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@turtlebug 2%…WOW…updated the table!
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I have had the same problem as someone else; I didn’t notice my current bank had kept me at a pretty low interest rate even as the market climbed. When I emailed them they bumped me up to something closer (but still not close enough so I’m still leaving).
Are there any well known banks that automatically keep interest rates UP for their existing clients so I don’t have to play any games to get the best rate? I see Popular Direct is the best right now at 2% but don’t mind going with one of the other near rate players if I can ‘set it and forget it’.
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If you want to set it and forget it, a CD might be a better choice. Personally, I applied at Popular on Tuesday and verified my trial deposits today. Account should be funded by Monday I assume. Pretty smooth procedure.
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Amex Savings up to 1.55%
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PurePoint national rate up to 1.75%. I was already getting that via a regional (TX) offer; regional rate remains 1.75%
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Sallie Mae Money Market up to 1.65% APY
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SFGI up to 1.61%. Table updated with this and other recent updates.
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Marcus is up to 1.60%
https://www.marcus.com/us/en/savings
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@turtlebug 2%…WOW…updated the table!
Applied for this account online. Quick and easy. Took about four days for the money to move. Account terms and conditions are pretty reasonable and why tie up money in a one-year CD to get just 0.1% better return?
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IncredibleBank Ups High Yield Savings Rate, 1.82% APY ($25k+)
https://www.incrediblebank.com/products/savings
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Capital One 360 MMA up to 1.60%
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Synchrony Bank HYS raised from 1.55% to 1.65%
https://www.synchronybank.com/banking/high-yield-savings/
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Investors Bank eAccess Money Market Account
Earn a rate of 1.879% and an Annual Percentage Yield (APY) of 1.90% on balances between $5,000 to $2,000,000. Balances below $5,000 or over $2,000,000 will not earn interest.
https://www.myinvestorsbank.com/pages/e-Access_Money_Market?
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VirtualBank eMoney Market
1.77% APY Guaranteed for 1 Year
https://www.virtualbank.com/rates
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EBSB up to 1.8%
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VirtualBank eMoney Market account shows 2.01% APY for 1 Year (new money only).
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@l_tiger Thanks - updated table.
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United Bank shows 1.95% APY on their website. (Minimum $500 to open.)
https://www.bankatunited.com/Landing/Advantage-Money-Market
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Too little, too late… Ally raised online savings account to 1.60% APY
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Popular Direct reduced its rate on savings account to 1.85%. I applied when the rate was 2%, got confirmation & trial deposits, then tried to verify the account & got a message that they wouldn’t open an account for me. I had already moved some money around in preparation to transfer the funds to PD & now it’s just sitting in checking. WTF???
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Must be the Fatwallet effect. They got swamped with new accounts after their rate was posted here, and they have more money now than they can use. Opened my account a month ago no problem.
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@platypus said in Best Nationally Available High APY Liquid Accounts:
Popular Direct reduced its rate on savings account to 1.85%. I applied when the rate was 2%, got confirmation & trial deposits, then tried to verify the account & got a message that they wouldn’t open an account for me. I had already moved some money around in preparation to transfer the funds to PD & now it’s just sitting in checking. WTF???
Anyone who got in under the 2% account is grandfathered in to the rate.
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Anyone who got in under the 2% account is grandfathered in to the rate.
What do you mean grandfathered in to the rate? Those that had a 2% rate will continue at 2% and not drop to 1.85%? That would be great on Popular’s part.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Anyone who got in under the 2% account is grandfathered in to the rate.
What do you mean grandfathered in to the rate? Those that had a 2% rate will continue at 2% and not drop to 1.85%? That would be great on Popular’s part.
Yes correct. The new 1.85% account has a different name than the old 2% account. 2% account holders keep that rate while the only option for new customers is the new 1.85% account.
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Now I don’t know what’s going on. I just got an email from Popular Direct saying my account would be funded as soon as I verified the trial deposits. I have already set up an account with Investors earning 1.9%. Gawd, why is this so hard???
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@platypus said in Best Nationally Available High APY Liquid Accounts:
Now I don’t know what’s going on. I just got an email from Popular Direct saying my account would be funded as soon as I verified the trial deposits. I have already set up an account with Investors earning 1.9%. Gawd, why is this so hard???
If you’re not going with Popular, I would recommend a Northpoint Savings account paying 2.05%.
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HAHA, I applied at Northpoint right after the post about Popular dropping to 1.85% but before the post saying existing accounts stay at 2%.
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Tried again to verify trial deposits & got the same message. Called them & they told me it was because the account I was applying for was no longer offered as of 5/17. They would not grandfather me in even tho I had started the app before 5/17. Said I would have to re-apply for the account paying 1.85%. No thanks, Popular. You just lost a customer. And a six figure customer at that! I did open an account at Investors Bank & it’s earning 1.9% so I guess I’ll put a few more bucks in that account for now.
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Marcus (Goldman Sachs) online savings rate just raised to 1.7%. (I like accounts that just raise the rate you’re earning & don’t make you re-apply for a new account. PurePoint does this as well - raised recently to 1.75%)
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CIT Bank raised the rate of its Money Market Account to 1.85% APY on all balances. (was 1.75%)
https://www.bankoncit.com/
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Barclays raised its Online Savings Account rate to 1.65% APY. (was 1.50%)
https://www.banking.barclaysus.com/index_secondary.html
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Radius High-Yield Savings account,
1.86% APY ($25k+), 1.50% APY ($2.5k+), and 0.05% APY ($10+).
https://www.radiusbank.com/personal/savings
