Posts made by jtownsucks46

Got an email from American Express Savings that their rate is dropping from 1.60% to 1.50% as of today.

Thanks @goldsheet!

Here’s a full list of the recent drops:

ConnectOne Online Savings was 1.75% now 1.50%
CIT Money Market was 1.75% now 1.65%
CIT Savings Builder was 1.70% now 1.55%
Discover AAII SAvings was 1.55% now 1.45%
CIT Premier Yield Savings was 1.55% now 1.25%
Discover Savings was 1.5% now 1.4%
Sallie Mae Money Market was 1.35% now 1.25%
State Farm Money Market was 1.01% now 0.75%

Two drops today:

Vio Bank High Yield Savings was 1.75% now 1.70%
Smarty Pig was 1.50% now 1.40%

Added ConnectOneBank Online Savings at 1.75%, $2500 min balance requirement

Today’s drops:

Tab Bank Savings was 1.70% now 1.50%
Citizen’s Access Savings was 1.70% now 1.50%
Brio Direct Savings was 1.65% now 1.55%

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

Thought it was (or used to be) on list
Northern Bank Direct
1.75% APY
Minimum of $5,000 to open
https://www.northernbankdirect.com/money-market

Thanks, it did used to be on there. I must have accidentally deleted it at some point. It’s back on now thanks to you!

Today’s one drop:

CFG Bank MMA was 1.90% now 1.73%

Today’s drops:

Barclay Online Savings was 1.60% now 1.50%
Sallie Mae Money Market was 1.50% now 1.35%
Bank5Connect Savings was 1.20% now 1.10%

Today’s drops:

CIT Money Market was 1.80% now 1.75%
CIT Savings Builder was 1.75% now 1.70%

Today’s drops:

Smarty Pig Savings was 1.55% now 1.50%
Mutual One Savings was 1.01% now 0.70%

Western Bank was 1.85% now 1.60%

Amex Savings was 1.7% now 1.6%

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

Simple 1.55% (was 1.75%)

Also Envision Bank dropped today was 1.50% now 1.40%

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

Alliant Credit Union Savings 1.35% (was 1.60%)

Other rate drops, of which several are pretty significant given they were top rates prior to the drops:

Communitywide FCU Quarterly was 2.00% now 1.50%
Communitywide FCU Monthly was 1.90% now 1.10%
Varo was 1.92% now 1.61%
Able was 1.70% now 1.40%
Self Help was 1.19% now 0.74%

Bank5Connect from 1.40% to 1.20%

No drops yesterday and no drops today. We had one increase today - Comenity Direct - was 1.55% now 1.70%

Just one drop today:

SFGI was 1.86% now 1.71%

Today’s drops:

First Foundation was 2.00% now 1.75%
Northfield was 1.65% now 1.25%
Smarty Pig was 1.6% now 1.55%
PenFed was 1.6% now 1.4%
MutualOne was 1.26% now 1.01%
Betterment was 0.78% now 0.30%

And ironically WebBank increased from 1.51% to 1.66%

Today’s drops:

Northpointe Savings and Money Market accounts were 1.65% now 1.05%
Bank5Connect Savings was 1.5% now 1.4%

Today’s drops:

Patriot Bank was 2.00% guaranteed through 7/31/20 now 1.75% guaranteed through 4/30/20
HSBC was 1.85% now 1.70%
Virtual Bank was 1.40% now 1.25%
Zion Bank was 0.85% now 0.50%

Today’s drops:

Vio was 1.85 now 1.75
Brio was 1.85 now 1.65
Popular was 1.80 now 1.70
Credit Karma was 1.3 now 0.56

More drops today:

Synchrony was 1.7 now 1.5
Mutual One was 1.51 now 1.26
FNBO was 1.5 now 1.0
Customer’s Bank was 1.25 now 0.25
Memory Bank was 1.25 now 0.5

Lots of drops today:

NASB was 1.97 now 0.75
Dollar Savings was 1.8 now 1.5
Smarty Pig was 1.75 now 1.6
Sallie Mae was 1.7 now 1.5
Bank5Connect was 1.65 now 1.5
Rising Bank was 1.62 now 1.02
My Savings Direct was 1.6 now 1.00
Betterment was 1.37 now 0.78
iGoBanking was 1.35 now 0.75
Wealthfront was 1.27 now 0.26
SalemFive was 1.25 now 1.00
Radius Bank was 1.15 now 0.25
Personal Capital was 1.05 now 0.05
My Banking Direct was 1.01 now 0.25
EBSB was 0.85 now 0.62

Both Northpointe account offerings down to 1.65% from 1.85%.
Bank 7 down to 1.40% from 1.76%.
igobanking down to 1.45 from 1.75% money market and to 1.4% from 1.7% savings.

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

Redneck and All America
Notice - Effective March 21, 2020 the rate is changing, 1.50% APY*

Ouch! I’m sure there’s more decreases coming.

Had some significant decreases today. Some of the top ones that dropped:

CFG - was 2.05% now 1.90%
Brio - was 2% now 1.85%
Customer’s - was 1.95% now 1.25%
Comenity - was 1.90% now 1.55%
Popular - was 1.90% now 1.80%
Virtual - was 1.80% now 1.4%
MySavingsDirect - was 1.80% now 1.70%
Wealthfront - was 1.78% now 1.27%
Investor’s - was 1.75% now 1.50%
Barclay’s - was 1.70% now 1.60%
State Farm - was 1.65% now 1.25%

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

CFG <25K 2.05% (was 2.10%) >25K 2.15% (was 2.25%)
Brio Direct 2.05% (was 2.10%)
HSBC 2.00% (was 2.05%)
Both UFB accounts down to 1.90% (were 2.00%)
Vio Bank 1.95% (was 2.02%)
TAB Bank 1.90% (was 2.10%)
Comenity Direct 1.90% (was 2.00%)
WebBank 1.86% (was 1.95%)
Northpointe both accounts 1.85% (was 1.95%)
Bank 7 1.76% (was 1.91%)
MySavingsDirect 1.80% (was 1.90%)
CIT Bank Savings Builder 1.80% (was 1.85%)
Wealthfront Cash 1.78% (was 1.82%)
State Farm Bank 1.75% (was 1.85%)
Synchrony Bank 1.70% (was 1.80%)
Northfield Bank Platinum Savings 1.65% (was 1.90%)

Thanks @goldsheet!!! Table is updated.

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

Just received an email from LiveOakBank. The rate for savings account is lowered to 1.85% (from 2.00%).

Thanks! Their website doesn’t even reflect this yet.

Table updated 11/2/19. Lots and lots of rate drops unfortunately. Keep in mind there are a few accounts that are either not nationally available or have a few hoops to jump through still paying at or above 2% that may be good options for some people:

Fitness Bank 2.60%
https://www.fitnessbank.fit/

Total Direct Bank 2.35%
https://www.totaldirectbank.com/personal/money-market-accounts

Citi Accelerate 2.05%
https://banking.citi.com/cbol/savings/high-yield-savings/Default.htm?BT_TX=1&ProspectID=9E555378D09849399315D7D57353D1EC

PNC HIgh Yield Savings 2.00%
https://www.pnc.com/en/personal-banking/banking/savings/high-yield-savings.html

thanks @goldsheet @john99 and @l_tiger the chart has been updated.

Good deal - possibly can stack with Amex offer for new membership.

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

TotalDirectBank Money Market Account: 2.35% APY
A $50,000 minimum deposit is required to open an account and earn the advertised APY.
https://www.totaldirectbank.com/personal/money-market-accounts

This one technically isn’t nationwide as Floridians and Californian’s are excluded.

Not sure there’s one card out there besides the Sam’s Club and Costco cards that offer 5% gas and 3% restaurants on the same card(actually the Costco card is 4% on gas). The best alternative I know of would be replacing with 2 cards:

Click on the Platinum tab for 5% cash back gas card:
http://www.fortknoxfcu.org/visa.html

And then this one for 3% at restaurants(I’m sure there are other alternatives for 3% on restaurants):

https://creditcards.chase.com/cash-back-credit-cards/aarp

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

Synchrony Bank HYS 2.00% (was 2.15%)
Barclays 2.00% (was 2.10%)
Discover AAII 1.95% (was 2.05%)
Discover OSA 1.90% (was 2.00%)
Self Help CU 1.58% (was 1.69%)

CIT Money Market Account seems to be unavailable.

P.S. Went through entire list to check all rates.

Thanks so much - table is updated. Also Investor’s Access dropped from 2.2 to 2.1

link?

Thanks everyone for the recent rate updates. Table has been updated.

CIT Savings Builder dropped again, now down to 2.3%

@sacarface Yes added Personal Capital as well as Wealthfront which is similar but higher interest rate.

Northern Bank Direct back has reintroduced their Money Market account. 2.5% interest rate with rate guarantee through December 2019.

https://www.northernbankdirect.com/money-market

@goldsheet Thanks; table updated.

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

Some of the fine print seems a bit sketchy,

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor its affiliates is a bank. The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. Wealthfront Brokerage uses more than one program bank to ensure FDIC coverage of up to $1 million for your cash deposits. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

They aren’t a bank but take your money and put it into “program banks”? What happens if these banks fail? Does FDIC cover you or only Wealthfront? Quite a few banks already offer 2.50% savings, I don’t see any advantages here.

The one thing to pay attention to is what the “program banks” are and if you already have money with them. For example, if they sweep 250k into Citi but you already have a Citi account with 50k in it, you have 300k at Citi but only 250k is FDIC insured.

Investor’s Bank up to 2.5%. They also removed the 5k minimum requirement to earn interest.

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

Customers Bank
2.50% APY - 25K Minimum - No Maximum - FDIC Insured
Banesco
2.47% APY - Not sure if minimum required - FDIC Insured
Rising Bank
2.45% APY - 1K Minimum - 500K Maximum - FDIC Insured
Do these qualify as High APY Liquid Accounts?

I think they look good - added them onto the table, thanks!!

Bank 7 up to 2.35% from 2.05% today

This one is not nationally available but worth mentioning for anyone who does qualify.

Citi Bank High Yield Savings 2.36%

https://banking.citi.com/cbol/savings/high-yield-savings

Added new bank to the list - Western State - 2.5% High Yield Money Market

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

Just an update. Link for CIT Bank is outdated.
Here is the link: Cit Bank SAVINGS BUILDER
It is still 2.45% APY - min $25k or $100/month deposit.

Thanks, it’s updated!

How much are your car payments going to be?

All America Bank and Redneck Bank both up to 2.5%