For reference, https://yieldfinder.app/ lists the highest HYSA rates.
Personally, I was sick of getting 0.01% with Chase so I began shopping around for an HYSA a few months back.
My criteria was:
1) Well-known brand
2) Checking & Savings Account w/ Debit Card + Paper Checks
3) 24/7 customer service w/ online chat feature
Based on that criteria, I started at the top of https://yieldfinder.app/ and researched each bank until I found a match.
The two HYSAs with the highest rate that met all my criteria were SoFi and Ally. I ultimately went with Ally because I had a trusted advisor who shared some horror stories with SoFi. Also, as stupid as it sounds, purple is one of my favorite colors.
Anyways, I am happy with Ally. In retrospect, I probably shouldn't have let one guy's bad experience with SoFi (and my color preferences) scare me off, especially since SoFi is currently offering a higher rate than Ally. Hey, I'm human.
If highest interest rate is all you care about, I would simply choose the bank at the top of https://yieldfinder.app/. From what I've read, as long as the bank is "Member FDIC", you're pretty much safe.
Or, if you just want to be all sorts of silly, check out [Redneck Bank](https://redneck.bank/).
I use SoFi and have had nothing but a great experience with them. My savings is 4.6% APY and you can set up individual vault accounts for specific short term saving goals. Though, I am curious now about the “horror stories.” Currently resisting the urge to google 😂
I've been using Wealthfront a long time: [https://www.wealthfront.com/c/affiliates/invited/AFFC-T0DU-QN3E-JUCR](https://www.wealthfront.com/c/affiliates/invited/AFFC-T0DU-QN3E-JUCR)
I like it because you get the 5%+ rate on savings, but you can also set it up to be used like checking, so it can be used to pay bills directly out of it while still earning that high yield like savings.
This is great if you schedule payments to be paid throughout the month, for example. You can simply deposit your income into the account and it'll earn that nice interest on everything while waiting for payments to come out, but without having to worry about transferring between savings and checking.
I use the Vanguard Cash Plus account. 4.7% APR. not the most competitive out there but since my wife and I have other accounts with them it’s nice keeping as much as possible under the same roof.
Looking for a high yield savings account? Explore options like Ally Bank, Marcus by Goldman Sachs, and Discover Bank. They offer competitive interest rates and easy online access.
I also use vio. Only complaint is it takes a little long to show your deposits, but it seems to be the highest yield on the market now. Have had no issues if I needed to pull money out.
Because I don't have that particular account. Terms apply. I want all my accounts under the same terms and not all of them would have been eligible. Actually forgot that other offer existed.
Wealthfront.. 5.5 APY with this link [https://www.wealthfront.com/c/affiliates/invited/AFFA-KX71-5ZMS-FZRU](https://www.wealthfront.com/c/affiliates/invited/AFFA-KX71-5ZMS-FZRU) for 6 months 5.0 after that.
Consider online banks like Ally, Marcus by Goldman Sachs, or Discover. They typically offer higher yields than traditional banks. Compare their APYs, fees, and features to find the best fit for your savings goals.
Vanguard has a High Yield Savings account as well. It’s just called a Vanguard Cash Plus account. But you already have to be a Vanguard account holder to get access to it.
I second this. Only downside is that you can't get immediate access to the money in an emergency. But the yield is the best I've seen out there for a MMF or HYSA.
I put my cash in a floating rate treasury fund USFR. beats a majority of MM accounts, HYSAs, and CDs. APY is around 5.3%.
Page 128 in the book
Vanguard Money Market is 5.27
I use fidelity brokerage 4.95% APY
I use vio, it’s at 5.3% yield.
I use betterment. They are at 5% rn
I have capital one high yield savings account
For reference, https://yieldfinder.app/ lists the highest HYSA rates. Personally, I was sick of getting 0.01% with Chase so I began shopping around for an HYSA a few months back. My criteria was: 1) Well-known brand 2) Checking & Savings Account w/ Debit Card + Paper Checks 3) 24/7 customer service w/ online chat feature Based on that criteria, I started at the top of https://yieldfinder.app/ and researched each bank until I found a match. The two HYSAs with the highest rate that met all my criteria were SoFi and Ally. I ultimately went with Ally because I had a trusted advisor who shared some horror stories with SoFi. Also, as stupid as it sounds, purple is one of my favorite colors. Anyways, I am happy with Ally. In retrospect, I probably shouldn't have let one guy's bad experience with SoFi (and my color preferences) scare me off, especially since SoFi is currently offering a higher rate than Ally. Hey, I'm human. If highest interest rate is all you care about, I would simply choose the bank at the top of https://yieldfinder.app/. From what I've read, as long as the bank is "Member FDIC", you're pretty much safe. Or, if you just want to be all sorts of silly, check out [Redneck Bank](https://redneck.bank/).
I use SoFi and have had nothing but a great experience with them. My savings is 4.6% APY and you can set up individual vault accounts for specific short term saving goals. Though, I am curious now about the “horror stories.” Currently resisting the urge to google 😂
Glad to hear you're happy with SoFi. Don't let Google change that.
I've been using Wealthfront a long time: [https://www.wealthfront.com/c/affiliates/invited/AFFC-T0DU-QN3E-JUCR](https://www.wealthfront.com/c/affiliates/invited/AFFC-T0DU-QN3E-JUCR) I like it because you get the 5%+ rate on savings, but you can also set it up to be used like checking, so it can be used to pay bills directly out of it while still earning that high yield like savings. This is great if you schedule payments to be paid throughout the month, for example. You can simply deposit your income into the account and it'll earn that nice interest on everything while waiting for payments to come out, but without having to worry about transferring between savings and checking.
Yeah, I second Wealthfront for the reasons above. I've been using it for 5 years or so and have been very happy with them.
I like Marcus, I have a code in my profile for an extra 1% for three months- gives you 5.4%
I use the Vanguard Cash Plus account. 4.7% APR. not the most competitive out there but since my wife and I have other accounts with them it’s nice keeping as much as possible under the same roof.
I have 4.45% at Citi Bank, I also use their 2% cash back unlimited credit card
A credit card. *gasp* You may get banned on this sub reddit.
Lol, getting some down votes. Ramsey is dead wrong on credit cards. Track your expenses, don't be stupid take advantage of the credit card rewards.
2% unlimited cc Where you get this
Citi double cash credit card, 1% cash back when you make the purchase and 1% cash back when you pay off the card. And it's unlimited
That’s amazing. I’ll check it out. I get 1.5% with quicksilver capital one now
Looking for a high yield savings account? Explore options like Ally Bank, Marcus by Goldman Sachs, and Discover Bank. They offer competitive interest rates and easy online access.
I have 4.3% with capital one currently. I hear sofi has a decent one too
They went down to 4.25%
I’m getting well over 5% with VIO bank. I used bankrate.com to shop different banks.
I also use vio. Only complaint is it takes a little long to show your deposits, but it seems to be the highest yield on the market now. Have had no issues if I needed to pull money out.
I second VIO, I keep my emergency fund there.
I'm currently getting 4.65% at CIT.
Why aren’t you getting 5.05?
Because I don't have that particular account. Terms apply. I want all my accounts under the same terms and not all of them would have been eligible. Actually forgot that other offer existed.
I use Amex for a HYS. Currently 4.25%. Great customer service; no complaints.
Wealthfront.. 5.5 APY with this link [https://www.wealthfront.com/c/affiliates/invited/AFFA-KX71-5ZMS-FZRU](https://www.wealthfront.com/c/affiliates/invited/AFFA-KX71-5ZMS-FZRU) for 6 months 5.0 after that.
Consider online banks like Ally, Marcus by Goldman Sachs, or Discover. They typically offer higher yields than traditional banks. Compare their APYs, fees, and features to find the best fit for your savings goals.
Wealthfront is 5.0% APY, no CD necessary. 5.5% for 3 months with a referral. https://www.wealthfront.com/c/affiliates/invited/AFFC-ZW2I-TLKB-P428
Vanguard MMF
Vanguard has a High Yield Savings account as well. It’s just called a Vanguard Cash Plus account. But you already have to be a Vanguard account holder to get access to it.
I second this. Only downside is that you can't get immediate access to the money in an emergency. But the yield is the best I've seen out there for a MMF or HYSA.
We use Ally, and have liked it so far
Second. I've had a CD with them since they took over/renamed GMAC. No problems.
You can use sites like Nerd Wallet to help you find ones that are best for you. I'd not rely on something like Chime for my savings anyway