Best Nationally Available High APY Liquid Accounts
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Popular Direct up to 2.26%
Not excited about this bank. There’s a $25 fee if you close the account within 180 days of opening the account, and they won’t guarantee the rate for any amount of time. You could earn the rate for a couple of months, then they drop it to 0.25%, and you’re stuck because you didn’t earn enough to cover the $25 early termination fee.
-Z
So? Just drop your balance to $0.01.
You actually have to drop it to $500 in order to avoid a fee, HOWEVER, Popular has been consistently raising their rates to be at or near the top of all banks during this calendar year so unlikely that they’ll drop their rates…
Damn! Must have missed that. I dropped it to 1 cent at the beginning of the month after going to another bank.
Well at least it’s just going to cost you $4. You can throw $500 in there for next month so you don’t have to pay again. 2.26% is still a good rate.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Popular Direct up to 2.26%
Not excited about this bank. There’s a $25 fee if you close the account within 180 days of opening the account, and they won’t guarantee the rate for any amount of time. You could earn the rate for a couple of months, then they drop it to 0.25%, and you’re stuck because you didn’t earn enough to cover the $25 early termination fee.
-Z
So? Just drop your balance to $0.01.
So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. Breakeven is at three months by my reckoning. For example, put $5K in at 2.65%, so you would earn (rounded, and without compounding), $11.04 per month. To equal the $25 termination fee, you would have to stay in at least three months and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.
Yes, they have been raising their rate, but no guarantee that they will continue.
- Z
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@zerenia said in Best Nationally Available High APY Liquid Accounts:
Breakeven is at three months by my reckoning. For example, put $5K in at 2.65%, so you would earn (rounded, and without compounding), $11.04 per month. To equal the $25 termination fee, you would have to stay in at least three monthsI think most people have 6 figures in these accounts so that fee is small change. I was getting nearly $300 a month interest before transferring to a higher interest bank.
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@zerenia said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Popular Direct up to 2.26%
Not excited about this bank. There’s a $25 fee if you close the account within 180 days of opening the account, and they won’t guarantee the rate for any amount of time. You could earn the rate for a couple of months, then they drop it to 0.25%, and you’re stuck because you didn’t earn enough to cover the $25 early termination fee.
-Z
So? Just drop your balance to $0.01.
So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. Breakeven is at three months by my reckoning. For example, put $5K in at 2.65%, so you would earn (rounded, and without compounding), $11.04 per month. To equal the $25 termination fee, you would have to stay in at least three months and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.
Yes, they have been raising their rate, but no guarantee that they will continue.
- Z
What bank are you getting 2.65% at?
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Probably a rewards checking account.
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Popular Direct up to 2.26%
Not excited about this bank. There’s a $25 fee if you close the account within 180 days of opening the account, and they won’t guarantee the rate for any amount of time. You could earn the rate for a couple of months, then they drop it to 0.25%, and you’re stuck because you didn’t earn enough to cover the $25 early termination fee.
-Z
So? Just drop your balance to $0.01.
So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. Breakeven is at three months by my reckoning. For example, put $5K in at 2.65%, so you would earn (rounded, and without compounding), $11.04 per month. To equal the $25 termination fee, you would have to stay in at least three months and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.
Yes, they have been raising their rate, but no guarantee that they will continue.
- Z
What bank are you getting 2.65% at?
Follow the thread back to the beginning of this discussion. https://www.populardirect.com/products/savings/popular-direct-plus-savings
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@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@zerenia said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Popular Direct up to 2.26%
Not excited about this bank. There’s a $25 fee if you close the account within 180 days of opening the account, and they won’t guarantee the rate for any amount of time. You could earn the rate for a couple of months, then they drop it to 0.25%, and you’re stuck because you didn’t earn enough to cover the $25 early termination fee.
-Z
So? Just drop your balance to $0.01.
So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. Breakeven is at three months by my reckoning. For example, put $5K in at 2.65%, so you would earn (rounded, and without compounding), $11.04 per month. To equal the $25 termination fee, you would have to stay in at least three months and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.
Yes, they have been raising their rate, but no guarantee that they will continue.
- Z
What bank are you getting 2.65% at?
Follow the thread back to the beginning of this discussion. https://www.populardirect.com/products/savings/popular-direct-plus-savings
Popular pays 2.26%
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Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/
Weren’t they the bank that credited interest quarterly? On this account it’s monthly.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/
Weren’t they the bank that credited interest quarterly? On this account it’s monthly.
Yes on their 1.95% account which requires a minimum of $25,000, it’s credited quarterly.
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@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/
Weren’t they the bank that credited interest quarterly? On this account it’s monthly.
Yes on their 1.95% account which requires a minimum of $25,000, it’s credited quarterly.
So is this the same account? I have 1 cent in it after transferring the money to higher rate accounts. If I put $25K+ back in will I get 2.30% or do I have to ask them or do I have to open a new account?
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
@atikovi said in Best Nationally Available High APY Liquid Accounts:
@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/
Weren’t they the bank that credited interest quarterly? On this account it’s monthly.
Yes on their 1.95% account which requires a minimum of $25,000, it’s credited quarterly.
So is this the same account? I have 1 cent in it after transferring the money to higher rate accounts. If I put $25K+ back in will I get 2.30% or do I have to ask them or do I have to open a new account?
Different account that requires 100k to get the 2.30%
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Citizen’s Access up to 2.25%
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Vio Bank up to 2.25%
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EBSB looks like it’s down to 1.80%
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@paazel said in Best Nationally Available High APY Liquid Accounts:
EBSB looks like it’s down to 1.80%
You must be looking at the money market account. My EBSB DIRECT HIGH YIELD SAVINGS still shows 2.50%.
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@atikovi
The Money Market Account was always 1.80%What is gone is offering of the High Yield Savings Account with 2.50% apy…
That was short…it only came out a MONTH ago (LOL)
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@craig10x said in Best Nationally Available High APY Liquid Accounts:
@atikovi
The Money Market Account was always 1.80%What is gone is offering of the High Yield Savings Account with 2.50% apy…
That was short…it only came out a MONTH ago (LOL)But existing accounts of the High Yield Savings Account still get 2.50%?
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@atikovi
Yes, that is true…because i have it too and nothing changed for those who already have it but apparently they are not offering for new accounts at this point…Maybe they are getting another new product ready for release…LOL Or (as the sometimes do) not offer anything new for a while…Probably when they have gotten sufficient funds for the moment…
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Awesome! Just got the account a few days ago. Assume this move will allow them to keep that rate longer than if they got flooded with more depositors.
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@atikovi
Yes…that’s their usual M.O. (method of operation)
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SFGI: 2.07%
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PNC Savings up to 2.35%
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Is the PNC offer really nationwide?
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CaptialOne 360 MMA is 2.00% APY now.
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MySavingsDirect up to 2.35%.
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@john99 Yes, thanks for the heads up!
https://www.mysavingsdirect.com/securebanking/
2.35%*ANNUAL PERCENTAGE YIELD
MySavings Account
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@cooltech
PNC is not offering the account nationwide.
The High Yield Savings Account is only available to those who live outside PNC’s market area.
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Then PNC needs to be removed from the list. Isn’t the thread for Nationally Available accounts?
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Ally Bank Online Savings now at 2.0% APY…
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@cooltech said in Best Nationally Available High APY Liquid Accounts:
Then PNC needs to be removed from the list. Isn’t the thread for Nationally Available accounts?
Yes, you’re correct - thank you for pointing this out. I removed from the table but here it is for future reference:
APY Eff Bank/CU/Other Min Max Hard Inq Checks Debit Card ACH Orig/Des PWF Notes 2.35% 11/12/18 PNC High Yield Savings None None ? N N Y/Y - Credit card funding available.
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5% APY
Hanscom Federal Credit Union
https://www.hfcu.org/cu-thrive.html
6.17% APY
https://www.dcu.org/personal-banking/savings-reg-shar.html
I do not believe they do an Hard Pull to open account with them, they will do a Soft Pull. I would still give them a shot.
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@sacarface said in Best Nationally Available High APY Liquid Accounts:
6.17% APY
https://www.dcu.org/personal-banking/savings-reg-shar.html
I do not believe they do an Hard Pull to open account with them, they will do a Soft Pull. I would still give them a shot.
Up to $1,000, then 0.25%. Not worth the time applying.
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@atikovi said in Best Nationally Available High APY Liquid Accounts:
@sacarface said in Best Nationally Available High APY Liquid Accounts:
6.17% APY
https://www.dcu.org/personal-banking/savings-reg-shar.html
I do not believe they do an Hard Pull to open account with them, they will do a Soft Pull. I would still give them a shot.
Up to $1,000, then 0.25%. Not worth the time applying.
I can also confirm it definitely is a HP.
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@sacarface said in Best Nationally Available High APY Liquid Accounts:
5% APY
Hanscom Federal Credit Union
https://www.hfcu.org/cu-thrive.html
Appears to be limited to $500 a month transferred from checking.
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Earn.Bank up to 2.31%
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PNC High Yield Savings(not nationally available) up to 2.35%
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Vanguard Prime Money Market Fund has Yield of 2.29%
Does this count as a Liquid Account?
https://investor.vanguard.com/mutual-funds/profile/overview/vmmxx
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Vanguard Prime MM is liquid in that you can move money in and out easily. electronic transfer to or from a bank account or write checks on it (minimum $250 per check)
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Live Oak Bank savings account is at 2.10% APY now.
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@sacarface said in Best Nationally Available High APY Liquid Accounts:
Vanguard Prime Money Market Fund has Yield of 2.29%
Does this count as a Liquid Account?
https://investor.vanguard.com/mutual-funds/profile/overview/vmmxxIs it FDIC insured?
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@jtownsucks46
No…but it’s covered by Vanguard’s SIPC (brokerage insurance)…also it is a Money Market Fund so share price is always a stable $1 a share (no fluctuation)…So not only do you have the SIPC coverage but let’s face it, what are the odds of Vanguard going under? (lol)…
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Only Vanguard Brokerage, has SIPC coverage: “Securities in your brokerage account are held in custody by Vanguard Brokerage Services, a division of Vanguard Marketing Corporation. Vanguard Marketing Corporation is a member of the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at sipc.org.” The available MM fund in that is their Federal MM which has a slightly lower interest rate, but earnings from it are not subject to state tax.
Also, SIPC does not protect against the decline in value of your securities.
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@frugalpete
That is true…But again, a Money Market Fund at a brokerage is $1 a share…no deviation…so share price does not fluctuate…
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@craig10x
Big news during the financial crisis whan a MM fund went under $1/share. The fed government imposed more stringent rules after that, but its may still be possible, although very unlikely.
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@frugalpete
Very true…that was a rarity (that fund that went under $1 a share) and keep in mind…this is VANGUARD we are talking about here…they wouldn’t let it happen…it would destroy their reputation (same applies to the other majors like Fidelity TD Ameritrade Schwab TRowePrice etc…
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Alliant CU raised the rate on it’s Savings Account today…from 1.95% apy to an even 2.0% apy
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SWVXX Schwab Value Advantage Money Fund current seven day yield: 2.13%
www.schwab.com/public/schwab/investing/accounts_products/investment/money_markets_funds/purchased_money_funds
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My Savings Direct now 2.40%
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