Best Nationally Available High APY Liquid Accounts
-
Note: Salem Five is one of several banks where you have to call to get higher rate, not automatic,
One-Month Treasury Par Yield.
https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics
-
CIT Bank Platinum Savings was 4.40% now 4.75%
Great Lakes Credit Union MM(via SaveBetter) was 4.40% now 4.60%
CIT Bank Savings Connect was 4.20% now 4.50%
TIAA Bank Savings was 3.70% now 3.85%
TIAA Bank MM was 3.55% now 3.70%
-
Ivy Bank Indexed Savings (not available in CA) was 4.75%, now DOWN to 4.32%
-
Vio was 4.50%, now 4.55%
-
Republic Bank was 4.60%, now 4.63% (silly tiny increase)
(Nationally available except IL, IN, MI, and WI)
-
High Yield Money Market Account at Western State Bank. Effective April 4, 2023, your High Yield Money Market Account will earn 4.55% APY.*
-
Patriot Bank MM(via SaveBetter) was 4.75% now 4.80%
The Atlantic FCU MM(via SaveBetter) was 4.65% now 4.75%
Popular Direct Savings was 4.45% now 4.55%
mph Bank MM(via SaveBetter) was 4.41% now 4.60%
Western Bank MM was 4.40% now 4.55%
The State Exchange Bank Savings(via SaveBetter) was 4.35% now 4.70%
Liberty Savings Bank Savings(via SaveBetter) was 4.31% now 4.50%
Bank Purely MM was 4.12% now 4.34%
iGo Banking MM was 4.12% now 4.34%
TIAA Bank Savings 1 year intro 4.25%(no change to ongoing rate of 3.85%)
TIAA Bank MM 1 year intro 4.25%(no change to tiered ongoing rate schedule)
ETrade Savings was 3.50% now 3.75%
Capital One Savings was 3.40% now 3.50%
Self Help CU MM was 2.44% now 2.63%
-
New savings account from Elements Financial CU. Balances of $10,000.00 and above will earn a fixed promotional Annual Percentage Yield (APY) of 4.25% until October 31, 2023.
https://www.elements.org/personal/savings/high-yield-savings/
-
Hanover Bank MM(via SaveBetter) was 4.65% now 4.85%
Vio Bank MM was 4.55% now 4.77%
SFGI Direct Savings was 3.81% now 4.01%
-
2 new banks/credit unions on the SaveBetter platform:
First Financial Northwest Bank MM 4.85% https://www.savebetter.com/banks/first-financial-northwest-bank
Connexus Credit Union Savings 4.75% https://www.savebetter.com/credit-unions/connexus-credit-union
-
New 5% account from Newtek Bank - Newtek Bank, N.A. Savings Annual Percentage Yield (APY) is valid as of today. No minimum opening balance or deposit required to open. Rates may change at any time without prior notice, before or after the account is opened. No minimum balance to open, but customers must have a balance of $0.01 to earn interest. You may make up to 6 withdrawals from your Newtek Bank, N.A. Savings account per statement cycle, including preauthorized, automatic and telephone transfers.
-
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
RE: New 5% account from Newtek Bank
In the FAQ it says "Withdrawals from your account can only be transferred to the original external funding source."
Just makes me wonder how many external accounts one can link and how they would keep track of where funds came from.
-
Popular Direct Savings was 4.55% now 4.65%
ConnectOneBank Savings was 4.00% now 4.30%
-
Bask Bank Savings was 4.45% now 4.65%
-
Synchrony Bank Savings was 4.00% now 4.15%
-
Western Alliance Bank Savings(via SaveBetter) was 4.80% now 4.85%
Green State Credit Union Savings(via SaveBetter) was 4.75% now 4.85%
Discover Bank AAII Savings was 3.65% now 3.80%
Discover Bank Savings was 3.60% now 3.75%
Zions Bank MM was 1.77% now 2.02%
-
From UFB Direct this morning:
Thank you for being a UFB Direct preferred customer. We hope you’re enjoying your leading rate on your Preferred Savings account!
As one of our valued customers, we wanted to let you know that starting 4/13/2023, UFB Direct will no longer offer Preferred Savings to new customers.
This will not affect your account in any way. Sit back, relax, and continue to enjoy 5.02% APY* – no action needed on your part!
As always, if you have questions or concerns, Send us a secure message in online banking. We’re here to help!
Your Team @ UFB Direct
-
This post is deleted!
-
First Financial Northwest Bank Money Market(via SaveBetter) was 4.85% now no longer offered
New UFB Direct Accounts:
UFB Direct Premier Savings 4.81%
UFB Direct Premier MM 4.81%
-
iGo Banking MM was 4.45% now 4.75%(25k minimum)
Bank Purely MM was 4.45% now 4.75%(25k minimum)
Marcus by Goldman Sachs Savings was 3.75% now 3.90%
-
I really was hoping to see a column that indicates what type of 2FA these banks have. SMS 2-factor isn’t secure. If I’m putting a bulk of my savings here I don’t want bad security.
-
@jtownsucks46 or anyone else, which account >4.5% would you recommend? One that’s easy to set up, connect to other accounts, transfer money quickly, etc.
-
Mission Valley Bank Savings(via SaveBetter) was 4.80% now 4.86%
Adda Bank Savings(via SaveBetter) was 4.45% now 4.85%
Primis Bank Savings was 4.35% now 4.77%
Primis Bank Checking was 4.35% now 4.77%
-
@mtnagel said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 or anyone else, which account >4.5% would you recommend? One that’s easy to set up, connect to other accounts, transfer money quickly, etc.
I have Primis back from when they were the rate leader at 5%. I’m grandfathered into that rate, but new customers get 4.77%. I opened the checking account instead of the savings to get the free checks. Incoming wires are free. Outgoing wires are $5. Overall a good set up. One key difference between them and other banks is that they pay out interest on the 15th of the month.
-
@mtnagel
Agree with jtownsucks46, get Primis checking 4.77%, and request free checks
Supplement with a savings account, like CFG @ 5.02%, so far = good
Just opened Newtek @ 5.00%, onboarding was easy, but too soon to evaluate.
Don’t really care for or have custodial accounts via savebetter
-
@r00fus1
Looking at my Google Authenticator app, it is all crytpo and brokerage account.
All of the banks listed that I have accounts with use SMS 2FA
-
Republic Bank of Chicago 4.63% to 4.65%
-
Betterment Cash Reserve was 4.20% now 4.35%
Virtual Bank MM was 3.87% now 4.15%
-
2 new banks/credit unions on the SaveBetter platform:
First Mid Bank & Trust Savings 4.90% https://www.savebetter.com/banks/first-mid-bank-and-trust
Medallion Bank Savings 4.82% https://www.savebetter.com/banks/medallion-bank
-
Redneck Mega Money Market was 4.55%, now 4.80%
All America Mega Money Market was 4.55%, now 4.80%
-
mph Bank MM(via SaveBetter) was 4.60% now 4.70%
Liberty Savings Bank Savings(via SaveBetter) was 4.50% now 4.60%
Sallie Mae MM was 4.05% now 4.15%
-
SoFi Savings was 4.00%, now 4.20%
(requires direct deposit, otherwise 1.20%)
-
Popular Direct Savings was 4.65% now 4.75%
Total Direct Bank MM was 4.50% now 4.82%
American First Credit Union MM(via SaveBetter) was 4.48% now 4.90%
Smarty Pig by Sallie Mae Savings was 3.50% now 3.75%
-
Ivy Bank Savings was 4.50% now 4.80%
-
Blue Federal CU MM(via SaveBetter) was 4.66% now 4.90%
CIBC Bank Savings was 4.27% now 4.37%
Barclays Bank Savings was 3.80% now 4.00%
Colorado Savings Bank Savings was 3.75% now 4.00%
-
Bask was 4.65%, now 4.75%
-
New Laurel Road High Yield Savings 4.80%
https://www.laurelroad.com/high-yield-savings-account
-
Western Alliance Bank Savings(via SaveBetter) was 4.85% now 5.05%
GreenState CU Savings(via SaveBetter) was 4.85% now 5.01%
Bread Financial(Comenity Capital Bank) Savings was 4.50% now 4.65%
-
This is slightly off topic.
For those living in states with income tax, Vanguard Treasury MMF may be an equally attractive alternative. Its current 7-day yield is over 4.7% with no state tax. The duration is currently less than 30 days; and the yield will move up/down if interest rate goes up/down. So you don’t have to keep moving money around to get the best yield.
You can get in and out anytime just like the savings a/c with no 6 withdrawals/mo. limit. It also have check writing privilege. And you can set it up to send money to any financial institution you want; and it arrives at the destination the next day. You can also buy that fund through some discount brokerage firms.
The only possible negative for some is the $10K min. to open; but there is no minimum maintenance requirement.
Am I missing any thing?
-
Am I missing any thing?
Not FDIC insured?
-
The Vanguard Treasury MMF (and other treasury MMF) invests primarily in T-Bills (and potentially other Treasury securities). Therefore, all underlying assets are guaranteed by US Gov’t, which I think is better than FDIC insurance – for one thing there is no $250K limit,
-
@phat200 said in Best Nationally Available High APY Liquid Accounts:
The Vanguard Treasury MMF (and other treasury MMF) invests primarily in T-Bills (and potentially other Treasury securities). Therefore, all underlying assets are guaranteed by US Gov’t, which I think is better than FDIC insurance – for one thing there is no $250K limit,
Looks like very low risk but maybe not completely risk free?
-
The State Exchange Bank Savings(via SaveBetter) was 4.70% now 4.85%
Ivy Bank Indexed Savings was 4.32% now 4.17%
CommunityWide CU Quarterly Savings was 4.00% now 4.25%
Self Help CU MM was 2.63% now 2.82%
-
Citizens Access Savings was 4.25% now 4.50%
-
Republic Bank Digital MM was 4.65% now 4.75%
Capital One Savings was 3.50% now 3.75%
-
Ponce Bank MM(via SaveBetter) was 4.80% now 5.05%
New to SaveBetter: Greenwood Credit Union Savings 5.00%
-
Merchants Bank of Indiana MM was 4.50% now 4.75%
-
For those of us grandfathered in at Primis at the 5.03% rate, they’ve increased us to 5.10% starting 5/5. No change for new customers, at least for now, still at 4.77% per the website.
-
First Internet Bank Savings(requires 1M+ balance) was 4.93% now 5.20%
Mission Valley Bank Savings(via SaveBetter) was 4.86% now 5.01%
Vio Bank MM was 4.77% now 4.85%
The Atlantic FCU MM(via SaveBetter) was 4.75% now 5.01%
FVC Bank MM(via SaveBetter) was 4.75% now 5.00%
Cloud Bank 24/7 Savings(via SaveBetter) was 4.48% now 5.00%
Tab Bank Savings was 4.40% now 4.76%
Wealthfront was 4.30% now 4.55%
Virtual Bank MM was 4.15% now 4.80%
Prime Alliance Bank Savings was 4.05% now 4.50%
E Trade Savings was 3.75% now 3.85%
-
First Foundation 4.50% to 4.85%
