@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 months
I 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.
@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%.
@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%?
@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.
@mannylnj said in Critique my plan please:
@atikovi said in Critique my plan please:
The top savings accounts are around 2.5%. I wouldn’t tie up money in a CD unless the rate was significantly higher. I would keep a small amount in checking which isn’t going to yield much anyway, and transfer in from savings when you need it.
Yes the top savings now are 2.5% but what is the guarantee the rate will go up?
That’s been the trend for over a year now but there is no guaranty.
The top savings accounts are around 2.5%. I wouldn’t tie up money in a CD unless the rate was significantly higher. I would keep a small amount in checking which isn’t going to yield much anyway, and transfer in from savings when you need it.