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

@atikovi I need to move some money & do that. I was trying to transfer from my regular checking & they charge a fee for ACH transfers to outside banks. It’s doable, but it will take a little work. Just wish Kabbage would raise the $6K transfer limit. I hate having to jump through hoops.

@atikovi So maybe opening deposit isn’t limited? LMK if you do another transfer & if it’s limited to $6K. I sent them an email to see if they’d raise it.

@atikovi Interesting. I must have been lucky. Opening deposit has cleared. ACH transfers in & out allowed. No fees. I’m happy. Only hitch is $6,000 per day max & you can’t schedule future transfers. So that’s kind of a pain if you want to transfer in a larger amount. Guess you could write a check & do a mobile deposit. I haven’t tried it yet, though.

@atikovi I didn’t have to do that. I applied as a sole proprietor under my name & SSN. Nothing further needed. My opening deposit is still pending, so I can’t see if I’ll be able to do ACH transfers out or if I’ll have to write a check. I just hope they don’t drop the interest rate right away.

@platypus Should have noted “business” checking

Kabbage checking paying 1.1% on balances up to $100K. Wonder how long that rate will last?
https://www.kabbage.com/checking/

Paramount checking is now .75%. One thing I’ve encountered with them is that incoming external transfers are limited to $5K per day. I can’t deal with such low limits. I’ll be looking for alternatives. Will Zynlo allow multiple accounts?