Best Nationally Available High APY Liquid Accounts
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@goldsheet RSA accounts have kept me happy. I am grateful to all advice from this board. I cannot recommend what I do not see first (and then I would post about it). Thanks for your future ideas.
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@booksleuth said in Best Nationally Available High APY Liquid Accounts:
@goldsheet I am grateful to all advice from this board.
You’re welcome
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This bank used to offer American Airlines AAdvantage® miles
Now you can get 0.70% instead (puts it at #3 in list)
zero minimum balance requirements and zero monthly account fees.
https://www.baskbank.com/
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Another way to get higher interest
Current offers 4% on your first $2,000
Current Premium (4.95/month) gets you 4% on up to $6,000
(sometmes offer for free lifetime premium from MRBeast promo)
https://current.com
Current is a financial technology company, not a bank.
Banking services provided by Choice Financial Group, Member FDIC
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Not a great rate (0.60%), but a $200 bonus on 25K in 90days
EARN A $200 BONUS- OPEN A NEW ACCOUNT
Open a Live Oak Bank savings account between 3/1/22 and 3/31/22. - Fund Your Account
Deposit at least $25,000 into your account by 3/31/22. - Maintain Your Balance
Maintain a balance of at least $25,000 for 90 days from the date of funding.
https://info.liveoakbank.com/save-more
- OPEN A NEW ACCOUNT
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Comenity Bank is offering 0.75% on their savings accounts right now. $100 minimum to open. No hidden fees. Doesn’t seem to be any onerous requirements. I may give them a try.
https://direct.comenity.com/products/high-yield-savings-account
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@goldsheet Looked into this & doesn’t look like a great deal. You get 4% (for now) on $2K & zero on amounts higher than that. You can set up savings pods & get “interest” on each, but basic members can have only 1 pod & premium members can have 3. Interest is reported on a 1099-MISC, not a 1099-INT. At least this is my reading of it. It’s an interesting concept, just wish it was more expansive.
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@platypus If you don’t like it, don’t do it, I’m fine with it.
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RATE INCREASES
Lending Club High Yield Savings, was 0.60%, now 0.65%
Vio Cornerstone Money Market, was 0.55%, now 0.66%
Barclays Online Savings, was 0.50%, now 0.55%
Synchrony Bank HYS, was 0.50%, now 0.60%
Live Oak Bank Savings, was 0.50%, now 0.60%
Tab Bank High Yield Savings, was 0.50%, now 0.65%
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Marcus 13-month no-penalty CD 0.65%
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@c3 While not a no-penalty CD Marcus has a 10-month 1.10%
https://www.marcus.com/us/en/savings/high-yield-cds/10mcd_promo
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
@c3 While not a no-penalty CD Marcus has a 10-month 1.10%
https://www.marcus.com/us/en/savings/high-yield-cds/10mcd_promoThanks for posting.
NEVER, rates are moving up do not lock in a low rate now.
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@alanmax Fed will likely raise rates again but methinks it will take some time, perhaps to end of year, for them to get to around 1% or a bit higher. In the meantime, the Marcus CD is earning 1.1% for 10months and it’ll be a good time to look around when it matures.
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@alanmax NEVER, rates are moving up do not lock in a low rate now.
1.10% beats all liquid accounts by 0.10%, and if liquid rates don’t get above 1.20% by the end of 10 months, you might come out a tiny bit ahead.
The 0.65% no penalty CD doesn’t make any sense to me with about 10 liquid account at or above 0.65%, and rising,
Just sharing, all optional options, don’t do if you don’t like, your mileage may vary
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
The 0.65% no penalty CD doesn’t make any sense to me with about 10 liquid account at or above 0.65%, and rising,
I did open that NPCD because that’s the highest liquid rate among the banks I already have. Don’t really want to open accounts with new banks at this time.
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Northpointe 0.90% on 25k+
https://www.northpointe.com/earnmore/
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Valley Direct 0.70%
https://www.valleydirect.com/
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CIBC was 0.52%, now 0.57%
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mph.bank
0.71% APY high-yield MMDA
Deposits are FDIC Insured through Liberty Savings Bank
No fees. $1 minimum deposit
https://www.savebetter.com/banks/mph-bank/high-yield-money-market-deposit-account
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I just want Ally to raise their 1 year CD’s since one of mine is maturing on April 1st. Yeah…April Fools!
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My Banking Direct
0.77% APY
$500.00 to open
NO monthly or maintenance fees.
Interest earned on daily balances of $1 or more.
Interest is credited monthly.
https://www.mybankingdirect.com/Products/HighYieldSavings
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Alliant Credit Union Savings was 0.55%, now 0.60%
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Comenity Direct to .75%.
Now called Bread Savings.
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Bask Bank, was 0.70%, now 0.80% (as of April 1st)
https://www.baskbank.com
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SoFi now has a bank charter FDIC insured.
1.25% APY with direct deposit
0.70% APY without direct deposit
https://www.sofi.com/invite/money?gcp=c0428ca2-7425-4acc-811c-805cc7d6f72d&isAliasGcp=false
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Vio Cornerstone Money Market Account was 0.66%, now 0.71%
https://www.viobank.com/cornerstone-money-market
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CIBC was 0.57%, now 0.62%
First Foundation was 0.50%. now 0.65%
Sallie Mae was 0.40%, now 0.65%
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Mortgage rates went up about 2 percentage points from under 4% to nearly 6% in a few weeks but savings rates struggle to rise 1/10 percent at a time. Ain’t that great.
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CFG Bank Online High Yield Money Market was 0.59%, now 0.77%
PenFed Premium Online Savings was 0.55%, now 0.60%
Colorado Federal Savings Bank Premier Savings was 0.55%, now 0.60%
Barclays Online Savings was 0.50%, now 0.55%
Rising Bank High Yield Savings Account was 0.45%, now 0.55%
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mph.bank high-yield MMDA
was 0.71% APY. now 0.85% APY
Deposits are FDIC Insured through Liberty Savings Bank
No fees. $1 minimum deposit
https://www.savebetter.com/banks/mph-bank/high-yield-money-market-deposit-account
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Marcus savings: 0.60%, 13-month NPCD: 0.75%
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@c3 said in Best Nationally Available High APY Liquid Accounts:
Marcus savings: 0.60%, 13-month NPCD: 0.75%
Nice.
Currently getting 0.60% + 0.50% (referral bonus for 3 months) + 0.10% (AARP) = 1.20%
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Bread Savings (formerly Comenity Direct) to 1.00%.
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Converting above table into webpage (html) with links
SAVING TABLE WITH LINKS
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What is in it for the banks with direct deposit such that there is such a large rate difference? SoFI 1.25% with DD and 0.70% without? What’s the difference between DD $100 vs. ACHing $100 into your account?
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@atikovi
Qualifying Direct Deposits are defined as deposits from enrolled member’s employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
@atikovi
Qualifying Direct Deposits are defined as deposits from enrolled member’s employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualifyI understand that but what’s in it for the bank such that they offer nearly twice the interest rate?
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@atikovi No idea what SoFi marketing strategy is by offering a premium rate for DD.
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@atikovi Since direct deposit is automatic and at regular intervals they will have a steady stream of deposits.
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@atikovi And, its a bit more effort to change direct deposits to somewhere else so the bank thinks its likely the DD will continue once they have it.
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Looks like Qualifying Direct Deposits for self-employed not getting SS or a pension are not happening. I had an account where any recurring deposit would qualify to get the good rate. ACH’d a penny every month and they were happy.
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@atikovi Banks seem to be getting more stringent on DD requirements.
I’ve managed to fake a few using ACH
https://www.doctorofcredit.com/knowledge-base/list-methods-banks-count-direct-deposits/
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Vio Cornerstone was 0.71%, now 0.80%
Rising Bank was 0.55%, now 0.65%
Savings Rate Table
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1.11% $100,000 and over
1.00% $20,000 to $99,999.99
https://www.connexuscu.org/accounts/money-market/
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Tab Bank was 0.65%, now 0.75%
https://www.tabbank.com/high-yield-savings/
Updated Savings Rate Table
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@goldsheet said in Best Nationally Available High APY Liquid Accounts:
1.11% $100,000 and over
1.00% $20,000 to $99,999.99
https://www.connexuscu.org/accounts/money-market/Applied online last night. Got this message afterwards, Thank you for your application. We’re reviewing your application, and if necessary, an Account Servicing Representative will reach out to you within the next business day to request any additional information that is needed. Most online apps get approved instantly, what more info would then need? And you do have to make a $5 donation to their “Human Fund” organization in order to open an account unless you are already a member of their credit union.
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Barclays Online Savings, now up to 0.70%
https://www.banking.barclaysus.com/online-savings.html
