Posts made by goldsheet

Bask Bank, was 0.70%, now 0.80% (as of April 1st)
https://www.baskbank.com

Alliant Credit Union Savings was 0.55%, now 0.60%

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

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

CIBC was 0.52%, now 0.57%

Valley Direct 0.70%
https://www.valleydirect.com/

Northpointe 0.90% on 25k+
https://www.northpointe.com/earnmore/

@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

@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

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%

@platypus If you don’t like it, don’t do it, I’m fine with it.

Not a great rate (0.60%), but a $200 bonus on 25K in 90days
EARN A $200 BONUS

1. OPEN A NEW ACCOUNT
   Open a Live Oak Bank savings account between 3/1/22 and 3/31/22.
2. Fund Your Account
   Deposit at least $25,000 into your account by 3/31/22.
3. 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

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

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/

@my4mainecoons Money Maker, $3.98 @ Walmart, $4.49 from Ibotta

@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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@dionaea Like your real estate tax method,
Instead of making 2 payments per year, I let one slide into next year.
As a result, every other year I have only 1 tax payment, so take standard deduction.
Then following year have 3 tax payments, so itemize.
Also, I make little charitable contributions in the standard deduction year, then double the amount in the itemize year.

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Everything, except fried onions, in one store, but two trips required.

@my4mainecoons
I did the full $50K figuring I would lose 3 months of interest (50K*1%/4=$125) but get $500, so net $375 ahead

This is bank thread, but bonus from Tastyworks brokerage was crazy.
Deposit $10K on 11/1, paid bonus of $500 (5%) on 11/2
"Funds must remain in the account (minus any trading losses) for a minimum of three (3) months or the cash credit(s) may be surrendered."
https://info.tastyworks.com/opennow

M1 Finance is a fintech providing INVEST (SIPC brokerage) and SPEND (FDIC bank)
Current promotion: Get up to $500 opening and funding in first 14 days.
Bonus payout will be on January 31, 2022
M1 Plus (normally $125/yr) is free for the first year and bumps SPEND to 1.00%APY
(M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDI

WARNING - Here’s the catch
"Reallocation of any funds transferred externally, or internally to any other M1 services (e.g., M1 Spend), prior to the Pay-out Date will disqualify you from this Promotion."
STRATEGY:
Open INVEST (brokerage)
Leave money there until you get bonus on 1/31/22
Then you can move it over to SPEND (bank) to get 1% APY
https://www.m1finance.com/fund-500-bonus/

VIO BANK
Cornerstone Money Market Account was 0.61%, now 0.56%
High Yield Online Savings Account was 0.56%, now 0.51%

Need to make a clarification / correction.
Paramount got confusing with their account names
"High Interest Checking" (no longer available) has a rate of 0.55% on entire balance.
New offering is “Interest Checking” at 0.30% up to $99.999.99. 0.10% above $100,000.00

Paramount “High Interest Checking” is no longer available.
They now have an “Interest Checking” with a low rate.
“The Annual Percentage Yield (APY) and the Rate of the Interest Checking Account is 0.30% as of July 10, 2021 for accounts with balances up to $99,999.99”

Top one on list dropped
Paramount High Interest Checking was 0.75%, now 0.65%

Minor changes
CFG Bank Online High Yield Money Market was 0.62%, now 0.59%
Brio High-Yield Money Market was 0.60%, now 0.55%
Prime Alliance Personal Savings was 0.60%, now 0.50%
All America Bank Mega MM was 0.50%, now 0.40%
Redneck Mega MM was 0.50%, now 0.40%
Popular Direct Select Savings 0.45%
(Popular Direct Ultimate and Exclusive no longer offered)
Salem Five eOne Savings was 0.45%, now 0.40%
Synchrony Bank HYS was 0.40%, now UP to 0.50%
Envision Bank Savvy Savings was 0.30%, now 0.25%

Note: went through entire list down to Envision Bank Savvy Savings
Figured 0.25% and less wasn’t worth the effort

First Foundation was 0.60%, now 0.50%

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

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.

@atikovi Deposits over $250k are privately insured by Depositors Insurance Fund (DIF).
https://www.difxs.com/DIF/Home.aspx
Massachusetts-based member banks only.
https://www.difxs.com/DIF/DIFMemberBanks.aspx

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/

Deleted my T-Mobile MONEY posts

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

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 0.55% APY,
but after those 12 consecutive months, you’ll also get a $100 bonus!
https://ww2.alliantcreditunion.org/ultimate-opportunity-savings

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.

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%

@atikovi just read the dreaded email
"We’re writing to let you know the interest rate on our Online
Savings account is changing. Starting January 8, our Online
Savings account will earn 0.60% Annual Percentage Yield (APY). "

ConnectOne Bank Online Savings was 0.70%, now 0.65%
PenFed Premium Online Savings was 0.60%, now 0.55%
Rising Bank High Yield Savings Account was 0.60%, now 0.50%
Salem Five eOne Savings was 0.61%, now 0.50%

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

@platypus got it in my list above

All Top Three Rates Have Dropped
Merchant’s Bank Money Market Savings was 1.00%, now 0.75%
National Cooperative Bank Impact Money Market was 0.91%, now 0.60%
Community Wide Federal Credit Union High Rate Quarterly was 0.90%, now 0.70%

ConnectOneBank Online Savings was 0.70%, now 0.65%
Northern Bank Direct was 0.60%, now 0.50%
Simple Savings was 0.60%, now 0.50%
PenFed Premium Online Savings was 0.60%, now 0.55%
Community Wide Federal Credit Union High Rate Monthly was 0.60%, now 0.40%
Rising Bank High Yield Savings Account was 0.60%, now 0.50%
Ally Bank Online Savings was 0.60%, now 0.50%
American Express HYS was 0.60%, now 0.50%
Able Banking MMA was 0.60%, now 0.50%

CIBC was 0.62%, now 0.52%
Simple Savings was 0.60%, now 0.50%

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

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

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.