Best posts made by atikovi

Any idea what Customers Bank Ascent MMA that is guarantied through June at 2.25% will drop to after that? Is it that 0.25% they are showing for the regular MMA? Wonder what will happen to them as all the depositors move their money out of there.

Just waiting for the ball to drop on my Customers Bank 1% business checking account.

@goldsheet said in Best Nationally Available High APY Liquid Accounts:

To sign up via the web app, visit https://join.t-mobilemoney.com and follow the instructions to open an account.

T-Mobile MONEY accounts are held at BankMobile, a division of Customers Bank. Member FDIC.

1. That sends you to a application form. Where are the details and terms of the account posted?
2. If you already have a Customers Bank account, would you have to figure those deposits into this account to stay under the $250K FDIC insurance limit?

They denied my online application saying I applied for TWO accounts, which I didn’t. Wouldn’t their online application form prevent you from opening more than one account anyway?

Probably a rewards checking account.

@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.

@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?

@craig10x

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.

@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.

@l_tiger said in Best Nationally Available High APY Liquid Accounts:

Capital One 360 MMA 1.85% (from 1.75%) now.
https://www.capitalone.com/bank/savings-accounts/online-money-market-account/

I have that account and it’s great if you have a C1 branch near you. High online rates with local bank access. Also have their checking account so I keep most of the cash in the MMA and transfer funds to checking at the branch to cover bill payments. Just wish they could do instant online transfers between those accounts.

@turtlebug said in Best Nationally Available High APY Liquid Accounts:

EBSB Direct

They mention,

As a member of both the Federal Deposit Insurance Corporation and the Deposit Insurance Fund of Massachusetts, all of your deposits are insured in full. That means that every dollar you have on deposit with East Boston Savings Bank is fully insured without limit.

How safe is that Deposit Insurance Fund of Massachusetts compared to the FDIC?

@goldsheet said in Best Nationally Available High APY Liquid Accounts:

Northfield Bank Platinum Savings
2.25% APY Up To $100k

An extra $20 a month interest over the 2.00% I’m getting at some other banks. Tempting. Nice find.

@goldsheet said in Best Nationally Available High APY Liquid Accounts:

Northfield Bank Platinum Savings

Anybody open a Northfield Bank Platinum Savings account. When I fill in the online form it tells me to call them to finish the application. When I call, they say I will get a letter telling me why I can’t open the account.

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:
they limit ACH’s that are initiated externally to $5,000.

Where did you see that?

Just called them and was told they accept the limits set by your originating bank. If you want to ACH withdraw $100K, no problem.

@goldsheet said in Best Nationally Available High APY Liquid Accounts:

Alliant Credit Union High Yield Savings up to 1.75% APY
https://www.alliantcreditunion.org/bank/high-yield-savings

For the last month at least.

CIBC Bank Agility savings at 1.90%.

@goldsheet said in Best Nationally Available High APY Liquid Accounts:

@jtownsucks46 Current customer -
Called Salem Five and requested new higher rate - got it !

You mean the higher rate doesn’t automatically apply to existing accounts?

@john99 said in Best Nationally Available High APY Liquid Accounts:

Guess Dollar Savings Bank will bump up to over 2.05% as per it’s stated policy.
"**Highest nationally advertised annual percentage yield for day of deposit to day of withdrawal accounts, no minimums required."

Has anyone had this happen? Do you have to call them to get that rate?

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.

@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.

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%.

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.

Capital One 360 MMA up to 1.60%

@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?

@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.

SFGI Direct Savings up to 1.51%

Capital One Business Advantage savings 1.10% no fee with $300 balance.

I tempted to take a big chunk from PurePoint 1.40% and stuff it into Colorado Fed., but as soon as I do that, PP will raise their rates too.

1.50% at Northpointe Bank Ultimate Money Market but very low external transfer limits.

Where does it say SalemFive has an ACH $3 fee per transfer?