Best posts made by goldsheet

Vio Bank was 1.01%. now 0.91%

Simple Savings was 1.00%, now 0.80%
( so glad I transferred money in yesterday, not ! )

CIBC was 0.90%, now 0.80%
Northern Bank Direct was 0.90%, now 0.75%
CFG High Yield Money Market - < $25,000 0.80% $25,000+ 0.90%

VARO SAVINGS email
"Starting September 15, 2020, our 1.20% interest rate will
decrease to 0.81%, with a 0.81% Annual Percentage Yield (APY)."

Vio Bank was 0.91%, now 0.83%
Discover AAII was 0.85%, now 0.75%
Discover OSA was 0.80%, now 0.70%
Colorado Federal <$50k was 0.85%, now 0.70% >$50k was 1.00%, now 0.85%

Marcus was 0.80%, now 0.60% ( 0.10% additional available for AARP members )

Brio Direct was 0.70%, now 0.65%

Discover AAII was 0.75%. now 0.65%
Discover OSA was 0.70%. now 0.60%

Customers Bank Ascent Money Market Savings was 1.10%, now 0.80%
Community Wide Federal Credit Union High Rate Quarterly was 1.00%, now 0.90%
CIBC was 0.80%, now 0.70%
Synchrony was 0.75%, now 0.65%
TIAA was 0.75%, now 0.65%

IGO Banking, rate still 0.75% URL moved to
https://www.igobanking.com/our-products/money-market/
BankPurely still 0.75%, URL moved to:
https://www.bankpurely.com/purely-money-market/

Northern Bank Direct was 0.75%, now 0.60%

First Foundation was 1.00%, now 0.75%

@paazel No ACH fees at Salem5 for several years now.
I have done both inbound and outbound transfers, no fees.
I previously posted about no $3 fee

Alliant Credit Union was 0.65%, now 0.55%
https://www.alliantcreditunion.org/bank/high-yield-savings
CIBC was 0.70%, now 0.62%
https://us.cibc.com/en/agility/agility-savings.html

Popular Direct
Exclusive (no longer available) is 0.50%, unchanged.
Ultimate (no longer available) was 0.65%, now 0.60%
Select was 0.70%, now 0.65%

Merchants Bank of Indiana Money Market Savings
1.00% APY
Minimum balance to open account is $50
No minimum balance to earn APY
https://www.merchantsbankofindiana.com/personal-banking/#money-market

We’re writing to let you know the Annual Percentage Yield (APY) on your HSBC Direct Savings account is changing from 0.30% to 0.15%1 starting November 24, 2020.

@atikovi HSBC used to be reasonably competitive but has dropped faster than most, down to only 0.15%

CIT money Market was 0.55% , now 0.50%
CIT Savings Builder was 0.50% , now 0.45%

@platypus It’s OK.
I started at the top and just kept going down until I got bored, pained, and depressed.

Vio High Yield Online Savings Account was 0.66%, now 0.57%
Varo Savings was 0.81%, now 0.40%
CFG Bank Online High Yield Money Market was 0.72%, now 0.68%

MARCUS BONUS
Boost your savings with a $100 Bonus
Get $100 when you deposit $10,000 or more in new funds into a new or
existing Online Savings Account within 10 days of enrollment, and maintain
those funds plus your current balance for 90 days. Must enroll by 2/12/2021.

Popular Direct Select Savings 0.55%
Exclusive (no longer offered) 0.50%
Ultimate (no longer offered) 0.50%

deleted

New fintech: ZYNLO Bank (FDIC/DIF Insured)
Services provided by PeoplesBank, Holyoke, MA.
Open your More Money Market Account today
Use the promo code “BANK” to qualify for a special rate of 1.25%
UPDATE: Just tried to open an account and it is not available in 4 states:
California, Connecticut, Massachusetts, and New York. (good in 46 others)
(post subject to moderator deletion since not “Nationally Available” )
https://zynlobank.com/bank/

Brio Direct now offers a “High-Yield Money Market” at 0.60%
https://www.briodirectbanking.com/high-yield-money-market/

If you currently have the Brio Direct “High Yield Savings” at only 0.40% it should be easy to move to new higher rate account.

From Deposit Accounts
"Another rate cut that wasn’t straightforward was at Paramount Bank. The Bank added a balance cap to its High-Interest Checking Account. Before this change, the interest rate was 0.85% on all balances. Now the 0.85% applies only to balances under $100k. According to the small print, “0.10% for accounts with balances over $100,000.00.” This sounds like the entire $100k+ balance will earn only 0.10% rather than only the portion of the balance over $100k. In either case, customers should no longer maintain balances above $100k in this account."

UPDATE (04/09/2021): I spoke to them on the phone today and was told accounts opened prior to March 24 are grandfathered and will earn 0.85% on the ENTIRE balance.

Vio Bank now has a “Cornerstone Money Market Account” paying 0.61%
a little better than their 0.57% “High Yield Online Savings Account”
(very easy to open and fund new account if you already have savings account)
https://www.viobank.com/cornerstone-money-market

First Foundation was 0.60%, now 0.50%

Barclays Online Savings, now up to 0.70%
https://www.banking.barclaysus.com/online-savings.html

Suze Orman deal is still good until 12/31/2022
Deposit at least $100 a month—for 12 consecutive months—into The Ultimate
Opportunity Savings Account. Not only will you earn the current interest rate of
1.20% APY, but after those 12 consecutive months, you’ll also get a $100 bonus!
https://ww2.alliantcreditunion.org/ultimate-opportunity-savings

CIBC 1.66%
New #1. Bask Bank 2.02%
http://www.rejohnsonjr.com/SAVINGS.HTM

Three-way tie for #1
Mybankingdirect (NYCB) just bumped from 2.00% to 2.02%
and mph bank just matched Bask at 2.02%

Marcus was 2.35%, now 2.50%
Bread was 2.90%, now 3.00%

USAlliance High Dividend Savings was 2.75%, now 3.00%
CFG Was 3.30%, now 3.55%
Ally was 2.35%, now 2.50%

Bask was 3.05%, now 3.60% (wow!)

@atikovi Agree. I only transfer maybe 20-25% of my balance at a time because often after I do, the bank will raise their rate.

I’m also doing the $1,000 SoFi deposit promotion and the $500 Ally deposit promotion.

Becoming a job to update my list
http://www.rejohnsonjr.com/SAVINGS.HTM

And Valley Direct just raised from 3.01% to 3.50%

Republic Bank Chicago was 3.38%, now 4.00%
Nationally available except IL, IN, MI, and WI
https://republicebank.com

Ally was 3.00%, now 3.30% (12/16/2022)

MyBankingDirect was 3.55%, now 4.05%
Vanguard Cash Plus (pilot program) was 3.50%, now 3.90%
PurelyMoneyMarket was 3.00%, now 3.50%

Ally doesn’t have the highest rates but I thought I’d share this from an email that shows how much rates of increased this year.

"Fun fact: In 2022 our Online Savings Account rate increased 18 times, from 0.50% APY to 3.30% APY. "

@atikovi Suprised U.S. Bancorp didn’t do it sooner (acquired MUFG 12/1/22)

ALLY Online Savings Account rate is increasing from 3.40% to 3.60%
( goes into effect on 3/10/2023 )

FYI only: Wells Fargo $525 Savings Bonus With $25,000 Deposit (In-Branch)

$525 on $25k is 2.1% If you hold from account opening until bonus payment (120 days) it’s only about 6%. APY

If you wait almost until the 30-day requirement to fund and you close promptly you can get the holding period down to maybe 70 days which makes it close to 11% APY

https://bonusoffer.wf.com/savingsbonus

NEW #1 Total Direct was 4.44%, now 5.05%
https://www.totaldirectbank.com/personal/money-market-accounts

@mtnagel
Agree with jtownsucks46, get Primis checking 4.77%, and request free checks
Supplement with a savings account, like CFG @ 5.02%, so far = good
Just opened Newtek @ 5.00%, onboarding was easy, but too soon to evaluate.
Don’t really care for or have custodial accounts via savebetter

First Foundation 4.50% to 4.85%

NEW
5.25% APY on balances of at least $1k.
Minimum $2k balance is required to avoid a $10 monthly fee.
Brilliant Bank Luminary Money Market
(Nationally available except AR, KS, MO, and OK)
https://www.brilliant.bank

Get up to a $750 bonus with Penfed Premium Online Savings
$150 bonus for every $10,000, up to $50,000

Offer Details: You must open a new PenFed Premium Online Savings account between 11/15/23 to 12/30/23 to be eligible for the Bonus Offer.
During the Offer Period or before 12/30/2023, make deposits of up to at least $10,000 from an external account into your PenFed Premium Online Savings account.
The new money must remain in the PenFed Premium Online Savings account from 12/30/23 to 4/30/24 to be eligible for the Offer.
https://www.penfed.org/savings/premium

Milli (from FNBO) was 5.25%, now 5.50%
https://milli.bank

Marcus Online Savings Account was 4.40%. now 4.50% APY

tiny increase
Vio Bank 2.39% APY (was 2.37%)