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!