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

Author Topic: Highest interest savings account  (Read 75802 times)

Offline yungermanchik

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Offline avrumy1

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Re: Highest interest savings account
« Reply #321 on: June 11, 2025, 10:34:35 AM »
I like to keep extra cash in high yielding account with minimum hassle, so far Ive been using amex because I'm there anyways for my CCs.
I noticed Chase has an option thru You invest called J.P. Morgan Premium Deposit for Self-Directed Investing.
seems to be same rate and FDIC insured. Is there any difference? Any reason not to use that?

Offline Dan

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Re: Highest interest savings account
« Reply #322 on: June 11, 2025, 10:38:32 AM »
"Sorry, the site is currently not available."
Works for me. 4.65% effective APR.
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Re: Highest interest savings account
« Reply #323 on: June 11, 2025, 11:08:27 PM »
3/mo t-bills still solid at 4.36 and no state taxes or hoops to jump through.
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Offline Yo ssi

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Re: Highest interest savings account
« Reply #324 on: June 11, 2025, 11:09:42 PM »
3/mo t-bills still solid at 4.36 and no state taxes or hoops to jump through.
Other then being really unintuitive to the average user?
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Re: Highest interest savings account
« Reply #325 on: June 11, 2025, 11:14:20 PM »
Other then being really unintuitive to the average user?
...but  :)
Per capita, I'd put DDF IQ score against any social network FWIW.
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Offline Spoon

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Re: Highest interest savings account
« Reply #326 on: June 12, 2025, 02:54:31 PM »
Other then being really unintuitive to the average user?
overrated. One time set up with auto roll and your done

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Re: Highest interest savings account
« Reply #327 on: June 12, 2025, 03:48:48 PM »
overrated. One time set up with auto roll and your done
That only works with Fidelity (the proper way).
Only on DDF does 24/6 mean 24/5/half/half
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Offline PETERP

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Re: Highest interest savings account
« Reply #328 on: June 17, 2025, 11:30:38 AM »
Does anyone know the answer
In 2008 when bear sterns went broke
A hedge fund friend of mine told me
Any assets i had in a fido Margin account ,
Including bank Cds , could be
considered  fido assets , if Fidelity
goes belly up

True , False or complicated !
 

Offline AJK

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Re: Highest interest savings account
« Reply #329 on: June 17, 2025, 06:47:05 PM »
Net net, SGOV likely beats 90% of these rates.
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Re: Highest interest savings account
« Reply #330 on: July 09, 2025, 03:51:14 PM »
Can anyone give insight as to why high yield savings are better than BIL or SGOV which are basically T bill ETF's exempt from state tax and paying the same or better than HYS?
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Offline Goat

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Re: Highest interest savings account
« Reply #331 on: July 09, 2025, 06:02:37 PM »
Can anyone give insight as to why high yield savings are better than BIL or SGOV which are basically T bill ETF's exempt from state tax and paying the same or better than HYS?

Market investment vs. cash-in-bank. It's apples-to-oranges. You can't call up your broker and pull out $500 in cash today from BIL or SGOV for an emergency. I hope no one is using a HYS for their long-term savings, but keeping a reasonable amount (every case is different) in the bank for immediate availability is definitely advisable.
Not an acronym.

Offline DealJew

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Re: Highest interest savings account
« Reply #332 on: July 09, 2025, 10:37:58 PM »
Market investment vs. cash-in-bank. It's apples-to-oranges. You can't call up your broker and pull out $500 in cash today from BIL or SGOV for an emergency. I hope no one is using a HYS for their long-term savings, but keeping a reasonable amount (every case is different) in the bank for immediate availability is definitely advisable.
Why isn’t SGOV or BIL liquid? As far as I’m concerned their index funds which can be liquidated at any time. They aren’t actual T bills which are locked for a specific amount of time… also what’s the risk factor involved?
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Offline Spoon

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Re: Highest interest savings account
« Reply #333 on: July 09, 2025, 10:40:14 PM »
Can anyone give insight as to why high yield savings are better than BIL or SGOV which are basically T bill ETF's exempt from state tax and paying the same or better than HYS?
who said they're better?

Offline DealJew

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Re: Highest interest savings account
« Reply #334 on: July 09, 2025, 10:42:29 PM »
who said they're better?
No one I’m just wondering why there’s a whole thread discussing best HYS and there’s barely mention of these…
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Offline Spoon

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Re: Highest interest savings account
« Reply #335 on: July 09, 2025, 11:01:53 PM »
No one I’m just wondering why there’s a whole thread discussing best HYS and there’s barely mention of these…
plenty of discussion in the savings/investment thread

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Re: Highest interest savings account
« Reply #336 on: Yesterday at 12:13:24 AM »
They aren’t actual T bills which are locked for a specific amount of time… also what’s the risk factor involved?
T-bills can be sold at any time also.
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Offline Goat

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Re: Highest interest savings account
« Reply #337 on: Yesterday at 10:34:19 AM »
Why isn’t SGOV or BIL liquid? As far as I’m concerned their index funds which can be liquidated at any time. They aren’t actual T bills which are locked for a specific amount of time… also what’s the risk factor involved?

They are relatively liquid. However, they are still investments and not cash. You still have to wait T+1 for the sale to clear (day of sale plus 1 business day - sell on Monday, sale clears on Tuesday)  before you can pull money out of an investment. You cannot walk into your broker and pull out $500 cash in case of an emergency, regardless of what you are invested in. You can do that with a bank account.

Also, as far as liquidity is concerned, AAPL, GOOG, MSFT, KO, GE, etc. (basically any $1B+ company) are all just as liquid. The risk factors (and returns) are different.

So while the risk profile is similar between SGOV/BIL and a HYS, they are not the same type of asset.
Not an acronym.