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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/

Weren’t they the bank that credited interest quarterly? On this account it’s monthly.

Yes on their 1.95% account which requires a minimum of $25,000, it’s credited quarterly.

So is this the same account? I have 1 cent in it after transferring the money to higher rate accounts. If I put $25K+ back in will I get 2.30% or do I have to ask them or do I have to open a new account?

Different account that requires 100k to get the 2.30%

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/

Weren’t they the bank that credited interest quarterly? On this account it’s monthly.

Yes on their 1.95% account which requires a minimum of $25,000, it’s credited quarterly.

Northpointe Bank now offering an account paying 2.30% guaranteed for 12 months with minimum deposit of $100,000. https://www.northpointe.com/earn230/

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

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

@zerenia 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.

So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. 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 and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.

Yes, they have been raising their rate, but no guarantee that they will continue.

• Z

What bank are you getting 2.65% at?

Follow the thread back to the beginning of this discussion. https://www.populardirect.com/products/savings/popular-direct-plus-savings

Popular pays 2.26%

@zerenia 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.

So you get your balance back LESS the $25 termination fee and the $0.01 you leave in the account. Not a good deal when you lose part of your principal. 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 and hope that they don’t drop the rate during those three months. If they guaranteed the rate for three months, I would be OK with taking a chance and putting my money there.

Yes, they have been raising their rate, but no guarantee that they will continue.

• Z

What bank are you getting 2.65% at?

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

@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.

Well at least it’s just going to cost you $4. You can throw $500 in there for next month so you don’t have to pay again. 2.26% is still a good rate.

@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…

Popular Direct up to 2.26%

Redneck and All America MM up to 2.25%
CIBC up to 2.16%
Sallie Mae up to 2.12%

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

https://www.dcu.org/
5.12% APY up to $1,000.00
https://www.hfcu.org/cu-thrive.html
3.00% APY up to $500.00 per month deposit
I use both of them and have been with DCU for years now. I am not sure if they are worth a shot but it is great to save money for kids college money or something similar.

I believe DCU requires a hard pull which may make it unattractive for many.