Best posts made by atikovi

How much were they regularly? And as if people aren’t fat enough.

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?

@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 qualify

I understand that but what’s in it for the bank such that they offer nearly twice the interest rate?

@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.

Cool, don’t have to open a new account for a decent (these days) rate.

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Brio Direct High Yield Savings was 1.15% now 1.80%
Just noticed it says “$25k” to open, should be “Open with just $25”

No balance limit to get the 1.80% rate? I don’t see that mentioned on their website.

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

Ponce was 0.75%, now 1.75%

Getting this nonsense while trying to sign up and contacting CSR is useless.

**Sorry, there was a problem verifying your identity using the information you provided. We cannot complete your registration at this time.

If you would like to retry, please contact SaveBetter customer service.**

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Liberty Savings Bank Savings was 1.85% now 2.50%

Where do you get that from? I see https://value.libertysavingsbank.com/cd-rate-watcher

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

@atikovi “Liberty Savings Bank: High-yield Savings Account | SaveBetter” https://www.savebetter.com/bank/liberty-savings-bank/liberty-savings-bank-high-yield-savings-account

Looks like the same outfit opening accounts for Ponce Bank.

Sorry, there was a problem verifying your identity using the information you provided. We cannot complete your registration at this time.

Opened an account with SkyOne through SaveBetter and received these notifications,

**Banking services provided by Central Bank of Kansas City. Each customer authorizes the Custodian Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Custodian services are provided by Central Bank of Kansas City and Lewis and Clark Bank.

You received this e-mail because you opened an account with SaveBetter.com.

We maintain strict security standards and procedures to protect your information and privacy. SaveBetter will never contact you by e-mail or otherwise to ask you to provide personal information such as your Username, Password, SMS pin code or personal information. Phone scams are common, call back to Customer Service number on published on the web site if you need to provide sensitive information.

If you receive such a request, please call our Customer Service team at 844-994-EARN (3276).

© 2022 Raisin US LLC. All rights reserved.

85 Broad Street, New York, NY 10004

The SaveBetter name and logo are trademarks of Raisin US  LLC, used with permission.**

So this is actually Central Bank of Kansas City? What is SkyOne in this mix? Is the account insured by FDIC or NCUA as on the SkyOne website?

One thing not mentioned before with SaveBetter is you can only initiate ACH transfers, in or out, through SaveBetter, not through your external account. SaveBetter wouldn’t even tell me my account number or routing number. And you can only have ONE external account so be sure the one you use initially to transfer money is the one you always want to use as it can’t be changed for 60 days. On the plus side, they said there is no dollar maximum that can be transferred daily or monthly.

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Dollar Savings Direct Savings was 2.00% now 3.00%

I already have an account, but it only says 2% and the asterisk on the homepage says effective today Sept 20th, so I wonder if I have to open a new account?

I do too and forgot what a pain they were to deal with. Can’t ACH funds in from an external account. To originate ACH through DSD from an external account it mush be from a checking account that has actual paper checks. You will be asked to provide us with a signed Account Verification Authorization Form which will allow DollarSavingsDirect to contact your bank directly should we require further verification of ownership of the external funding account. You must send the Account Verification Authorization form along with a voided check with your DollarSavingsDirect account number written in the memo portion Of all the banks to have the highest rate, why does it have to be this one.

@my4mainecoons said in Best Nationally Available High APY Liquid Accounts:

From Capital One
Transfer $25,000+ (up to $100,000) of external funds into your 360 Money Market account by 10/25/2022.

I don’t see a 360 Money Market account offered.

@goldsheet I have the 360 MMA with a 2 cent balance and it shows 0.80% APY. Not worth tying up $100K for 4 months at an effective 3% APY of the bonus plus the .80% interest of the account when rates are rising. Maybe we will see 5% rates by the end of the year.

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Brio Direct Savings was 2.61% now 2.80%

Brio Direct Savings was 2.61% now 2.80%<<

Whatever you opened for is the rate it’s stuck at.

You can’t call them to switch your rate to the new rate?

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

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

@goldsheet My head is dizzy transferring funds back and forth between all my banks the last month as they raise their rates.

Dollar Savings Direct has been raising their rates to maintain their claim of the “America’s Highest Rate” so I’d expect them to raise theirs to match Bask. So you could just put it there.

DSD has a lousy ACH transfer policy. You can’t use an external bank to transfer money out of your DSD account (and maybe in, too), and you can have only an external personal CHECKING account linked to your DSD account to transfer money initiated through DSD.

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

@jtownsucks46
I have so many banks ACH connected I need a spreadsheet to see which ones to use to either push or pull.

You ain’t the only one.

https://hosting.photobucket.com/images/d106/atikovi/bank_transfers.jpg

Anybody else open an Upgrade Premier Savings account? They have a line in their terms and conditions where if you ACH money into Upgrade from an external account, you can only take the money out within 60 days to that same external account. No big deal you think?

Well, I used my First Foundation savings account to ACH a decent amount into Upgrade. Went through just fine. Now when I want to take that money out, I get a message from First Foundation saying, This account has been suspended from the Funds Transfer Service. I called FF and they said the routing number Upgrade uses isn’t compatible with personal accounts, or something to that effect, I wasn’t too sure what they meant.

So I basically have to leave that money there for almost 2 months. While it might be a good dilemma to be in, earning 3.50%, but it seems a bit shady. I can probably ACH it from Upgrade to First Foundation, but Upgrade transfer limits are small. $10,000 every 7 days max.

Brilliant Bank MM will charge $5 for paper statements. Just got a phone call from them telling me this and than I can switch to free e-statements, which I did. She also mentioned there is a fee for ACH transfers originated through them. Not a big deal if you use another bank to transfer money in and out. I guess to get 4% they have to charge for stuff most banks do for free.

Upgrade Bank, as far as I can see, doesn’t return account verification trial deposits to the originating bank. For example, I linked Brilliant to Upgrade and Brilliant sent two micro deposits totaling 30 cents to Upgrade. Upgrade didn’t return that 30 cents so now it’s debited from my Brilliant account. Not a big deal, as it’s a deposit in my Upgrade account, just kind of odd. I have over $4 in micro deposits in Upgrade from a few other banks I linked and only Brilliant has clawed it back. Hmmm. Any way to monetize this activity?

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

Customers Bank was 3.05%, now 4.05%

From their website, https://www.maxmyinterest.com/learn-more

Max costs 2 basis points (0.02%) per quarter, or $20 per $100,000 held in your savings accounts, subject to a minimum of $12 every 3 months. No other costs or fees.

Basically that means it has an annual charge of .08% with a minimum $48 service fee per year so that 4.05% is more like 3.97%.

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Not familiar with this bank and haven’t spent much time looking into them but this may be the first 5%+ liquid account.

https://primisbank.com/primis-savings-accounts/

OK I guess I’m the guinea pig. Just applied and it was the easiest I’ve ever experienced. Apparently the account is open and have linked the funding account immediately. Looks like they even have branches nearby.

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

Ivy Bank Indexed Savings was 4.71%, appears to be no longer available

To new customers I assume, still shows as 4.71 in my account. They must have gotten enough applicants to drop it from the website. Just hope the rate doesn’t drop March 1st.

https://thetakeout.com/arbys-new-steakhouse-garlic-ribeye-sandwich-review-2023-1850022194

Where is our resident fast food guinea pig taste tester.

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

Tried to make a $10,000 transfer but "Unable to process request. The transfer amount exceeds
the maximum allowed for external transfers. Please reduce the amount to complete the transfer."
I don’t know the limit, but it’s less than I require.

Many of these banks have a great teaser rate but make accessing your money difficult. $5,000/day $10,000/month ACH transfer limits for one thing. I’m just finding out at Purely Digital bank that they haven’t been processing the trial deposits from the external banks I want to link, so I can’t make any significant withdrawals.

I can add CIBC to this list and that they have a $125K daily $250K monthly transfer limit is a big plus. The money I pulled with CIBC from another bank was in my CIBC account the next day.

ZYNLO Money Market Account from 1.25% Annual Percentage Yield (APY) to 4.00% APY.

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Ivy Bank High Yield Savings was 4.25% now 4.50%

Which is different from their Indexed savings account paying 4.75%, right?

@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:

Ivy Bank High Yield Savings was 4.25% now 4.50%

Which is different from their Indexed savings account paying 4.75%, right?

Correct; I believe we’ll see an update on the Indexed account on the first of the month.

So what’s the difference between the two? The savings account can change rates any time. The indexed account, just at the beginning of the month. Why is this a big deal, or is it?

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

Andrews Federal Credit Union 5.75%
Special Limited-Time Only Online Savings Account
Now open to new accounts through December 31, 2023.
Compliments the base share savings account as an additional account.
Dividends are credited and compounded monthly.
If the average daily balance of the account exceeds $1,000
https://www.andrewsfcu.org/Learn/Resources/Rates/Savings-Rates

$5 to open base share savings account
Easy membership via American Consumer Council (join for $8)
https://www.americanconsumercouncil.org/

You did read where it says balances over $1,000 will earn 0.05%. Pretty worthless account I’d think.

Dividend Rate Tiers Dividend Rate Annual Percentage Yield (APY)
$.01 - 1,000.00 5.630% 5.75%
$1,000.01 and greater 0.050% 0.05%

Primis Savings account from 5.10% to 5.16%

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

Between November 1st, 2023 - December 19th, 2023
Simply deposit new money into your CIBC Agility Savings account to be eligible for the following:
Deposit $25,000 - $49,999: Earn a $250 bonus
Deposit over $50,000: Earn a $500 bonus
Sign-up for eStatements during the Funding Period
Keep the new money in your account until March 18th, 2024
Receive your bonus of up to $500 by May 17th, 2024
https://us.cibc.com/content/dam/us-public-assets/documents/pdf/agility-savings-promo-terms-and-conditions-en.pd

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