High Yield Saving Account Questions

[evantwheeler]

Just saw this on IG this morning….

 

[Runs2rch]

So which is guaranteed the safest?

 

[evantwheeler]

So which is guaranteed the safest?

Cash buried in the backyard

 

[bowtiejunkie]

Is CIT Bank the same as Citibank?

CIT Bank is a division of First Citizens Bank.

 

[boatnam2]

1 Yr T-bill mid 4.60's today, I don't see some of these high paying no name internet banks paying mid 5's too much longer. Still better than 0000001

 

[Vamodsquad]

We have a local Bank that's paying 4.65-4.75%. That's the best I've found around here so far.
I feel better doing business with a Bank that I can walk in it's front door !

 

[DaBank]

Flagstar Bank is offering 5.5% and that rate is guaranteed for 5 month's. I am going with them today.

 

[77hallett]

Just opened one with Logix FCU and got 4.75. No term limit, can add or pull when I want, no questions or fees.

 

[havasujeeper]

Flagstar Bank is offering 5.5% and that rate is guaranteed for 5 month's. I am going with them today.

Seems they are "banking" on the fact that most people are lazy, and will forget the interest will be dropping considerably after 5 months.

 

[evantwheeler]

Flagstar Bank is offering 5.5% and that rate is guaranteed for 5 month's. I am going with them today.

I looked into this one yesterday, and it had some pretty terrible reviews on Nerd Wallet. I ended up doing a promotional rate at Wells Fargo with a conversion on my current savings acct. Promo rate is 4.6% APY for a year with $25k of new money if it stays above 25k for 12 months. Basically a CD, but I can put all my other savings into that account and get that rate for 12 months and not lock it up. I know many hate WF, but in almost 2 decades banking with them, I don't have a single complaint.

On edit: The one with terrible reviews was a Flagstar associated service - My Banking Direct . After reading about them, I just lumped Flagstar in with them and decided to stay at Wells Fargo.

 

[manxman]

Back when this thread started, I was looking for a high yield bank account and went ahead and put some money in Jenius. It's been paying me 5.24% for the last 3 months without a problem. It took a few days to see the money in the account, wich was a little scary and weird, but it all went in and has been working well. I would do $10k at a time and wait a few days. So far with what I have put in, i have been seeing consistent 5.24 to 5.25% returns.

 

[Havasu blue label]

Try F&A Credit union

 

[boatpi]

We bank with Wells. To get any reasonable rate you need to be in money market. About 5%+.

 

[EmpirE231]

With the fed rate cut, I figured it was coming. Betterment account notice today that it will go from 5% to 4.5%

anyone else getting notices from others?

 

[CLCookie]

You made me look, I put a good chunk of money in March in a treasury fund, still paying 5.2% as of this morning. Not sure where my next move will be, but I sure would like to keep that return through the election

 

[Rajobigguy]

In today’s economy it seems like the best bang for the buck is to spend it before it devaluates.

 

[cofooter]

With the fed rate cut, I figured it was coming. Betterment account notice today that it will go from 5% to 4.5%

anyone else getting notices from others?

It'll keep going down as fed reduces rates. My 5%+ callable CD's are starting to get called...... I knew it would happen but thought I'd get several more months at least. Also looking for something to replace them at a decent locked in rate ....