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« Last edited by yesitsme on January 15, 2023, 09:48:19 AM »

Author Topic: Highest interest savings account  (Read 36756 times)

Offline Yo ssi

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Offline Spoon

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Re: Highest interest savings account
« Reply #221 on: May 07, 2024, 02:46:29 PM »
I still think T bills is the way to go, but for those who use Marcus there is a 0.1 rate bump if you're a AARP member which you can usually get for free or close to free.

Offline Yo ssi

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Re: Highest interest savings account
« Reply #222 on: May 08, 2024, 12:51:12 AM »
for free or close to free.
I just made $8 thanks
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Offline Dan

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Re: Highest interest savings account
« Reply #223 on: May 08, 2024, 12:03:21 PM »
I just made $8 thanks
Can you add it to an existing account?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yo ssi

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Re: Highest interest savings account
« Reply #224 on: May 08, 2024, 06:49:47 PM »
Can you add it to an existing account?
Yes sure. Got $8 back with chase offer and 12 via CB.

https://www.marcus.com/us/en/savings/aarp-rate-bonus


Name on accounts have to match.

I signed up without my real name because of reports of getting loads of spam. I changed the name for a minute when activating on Marcus.
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Offline Essen est zich

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Re: Highest interest savings account
« Reply #225 on: May 08, 2024, 11:51:31 PM »
Was it discussed tax implications when putting money into interest savings accounts as opposed to putting money into Treasury accounts?

Shloffen Shloft Zich

Offline Dan

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Re: Highest interest savings account
« Reply #226 on: May 09, 2024, 12:04:26 AM »
Yes sure. Got $8 back with chase offer and 12 via CB.

https://www.marcus.com/us/en/savings/aarp-rate-bonus


Name on accounts have to match.

I signed up without my real name because of reports of getting loads of spam. I changed the name for a minute when activating on Marcus.
Doesn't seem to stack on my accounts with the referral bonus. Says no online savings accounts found.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Yo ssi

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Re: Highest interest savings account
« Reply #227 on: May 09, 2024, 09:12:24 AM »
Was it discussed tax implications when putting money into interest savings accounts as opposed to putting money into Treasury accounts?
Yes I believe in the investments thread. (No state tax)
Doesn't seem to stack on my accounts with the referral bonus. Says no online savings accounts found.
That's strange worked no problem for me. I'm now back at 5.5

ETA

« Last Edit: May 09, 2024, 10:44:16 AM by Yo ssi »
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Offline baron

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Re: Highest interest savings account
« Reply #228 on: May 09, 2024, 09:19:58 AM »
Yes I believe in the investments thread. (No state tax)That's strange worked no problem for me. I'm now back at 4.5
5.5 is the question

Offline 4yourinfo

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Re: Highest interest savings account
« Reply #229 on: May 09, 2024, 12:25:57 PM »
Was it discussed tax implications when putting money into interest savings accounts as opposed to putting money into Treasury accounts?
tbills you are basically receiving all the interest up front via paying less for the tbill. Federally taxed in the year the tbill matures. The investment rate on the tbill is the interest rate you want to use to compared to a hysa - but compare the interest rate # not the APY that the banks advertise.
If the interest rate is the same - keep in mind by tbill's you receive all the interest upfront which can be invested giving you a higher APY.

Offline Yo ssi

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Re: Highest interest savings account
« Reply #230 on: May 09, 2024, 08:20:55 PM »
You missed the cons ;D
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