Email from NASB today:
At NASB, we actively monitor market conditions and other factors to make sure we are delivering competitive rates. This new, higher rate is something to celebrate!
Premium Rate Savings
3.56% APY*
Your rate increase is effective and will be reflected in your online banking tomorrow.
Use the “Apply Now” button. Otherwise, it give you a message that the product isn’t available in your area. Weird.
https://www.nasb.com/banking/resources/online-account-opening
@goldsheet I’m doing pretty much the same. Thanks for your list. I check it & PhatWallet daily to keep up. Opened a SalemFive account yesterday & started transferring Bask funds & then Bask goes up today, even high than SalemFive. Can’t win!! So I just spread it around & it all averages out. Moving everything under 3% now.
NASB savings rate increased to 3.15%
@jtownsucks46 Another site is showing this account (CFG Bank) limits ACH transfers to $5K daily, $30K per month. Anyone know if this is still the case? TIA
@jtownsucks46 Merchants is definitely the highest rate I’ve seen so far, but I have an account with them & it’s very difficult to maintain. It’s hard for me to transfer funds in, because my bank (BofA) charges a fee to transfer to an outside bank account. I realize that’s not the case for everyone, but just be aware of this. The info I got from Merchant’s a few months ago is as follows:
There are three ways that you can transfer to and from your account with us:
1.Wire transfer ( We will refund our wire fee in or out. You will just need to let me know that you are doing a wire so I can refund it)
Sorry, this posted as a topic - didn’t mean to do that. That post can be deleted.
Bread Savings CD rates as of 7/5/22:
1 year 2.50%
2 year 3.00%
3 year 3.25%
4 year 3.30%
Bask Bank up to 1.61% today.
@goldsheet Looked into this & doesn’t look like a great deal. You get 4% (for now) on $2K & zero on amounts higher than that. You can set up savings pods & get “interest” on each, but basic members can have only 1 pod & premium members can have 3. Interest is reported on a 1099-MISC, not a 1099-INT. At least this is my reading of it. It’s an interesting concept, just wish it was more expansive.
Comenity Bank is offering 0.75% on their savings accounts right now. $100 minimum to open. No hidden fees. Doesn’t seem to be any onerous requirements. I may give them a try.
https://direct.comenity.com/products/high-yield-savings-account