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

Author Topic: Highest interest savings account  (Read 13903 times)

Offline Shaya E

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Re: Highest interest savings account
« Reply #120 on: February 10, 2023, 02:19:21 PM »
For banks with B&M branches Capital One 3.4% is the best, correct?
Probably. Unless you can buy treasuries or MMFs through a brokerage with physical branches. (Like JPM or TDAmeritrade, IDK how affiliated the brokerages are with the personal banks though).

Offline TBD

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Re: Highest interest savings account
« Reply #121 on: February 10, 2023, 02:50:59 PM »

Online avromie7

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Re: Highest interest savings account
« Reply #122 on: February 10, 2023, 04:27:00 PM »
I guess it depends on how much you have and what other benefits of Robinhood gold you use, but if used exclusively for HYSA does the $5/monthly fee means you'd need about $1,450 (1450 X .0415 / 12 = $5) to cover the fee and about double that to beat a no fee 4% savings?
Much more. You would need $40k to cover the $5 fee and earn 4%.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline dm123

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Re: Highest interest savings account
« Reply #123 on: February 11, 2023, 09:02:29 PM »
Much more. You would need $40k to cover the $5 fee and earn 4%.
Can't believe I miscalculated that thanks.

Offline sillypainter

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Re: Highest interest savings account
« Reply #124 on: February 11, 2023, 09:33:24 PM »
Can't believe I miscalculated that thanks.

You didn't miscalculate it. You were actually right, this dude was hibernating in math class thinking $40K covers $60/year in fees. When $40K actually earns you $1660 in interest income minus $60 for fees. So 40K will net $1600.

Offline dm123

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Re: Highest interest savings account
« Reply #125 on: February 11, 2023, 10:27:02 PM »
You didn't miscalculate it. You were actually right, this dude was hibernating in math class thinking $40K covers $60/year in fees. When $40K actually earns you $1660 in interest income minus $60 for fees. So 40K will net $1600.

The point is you really need to calculate how much interest you get from the extra 0.15% the robinhood gold to beat a regular 4% hysa.

Practically seems like other options now equal or better than robinhood gold 4.15% so unless youíre already tapping into its benefits Iím not seeing itís superiority.

Offline yungermanchik

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Re: Highest interest savings account
« Reply #126 on: February 11, 2023, 10:31:53 PM »
https://www.doctorofcredit.com/high-interest-savings-to-get/
So, I guess so. I only see 2 others higher that I recognize as B&M banks, and the deal is not available in my location.
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Online avromie7

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Re: Highest interest savings account
« Reply #127 on: February 12, 2023, 08:07:02 AM »
You didn't miscalculate it. You were actually right, this dude was hibernating in math class thinking $40K covers $60/year in fees. When $40K actually earns you $1660 in interest income minus $60 for fees. So 40K will net $1600.
And a 4% savings without fees will also net you $1600, for a net gain of $0.00.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline 1avigrun

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Re: Highest interest savings account
« Reply #128 on: February 12, 2023, 07:38:05 PM »
Cap1 has a 11 month cd at 5%

Offline aishel

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Re: Highest interest savings account
« Reply #129 on: February 13, 2023, 03:14:46 PM »
I was invited to Vanguard Cash Plus a few months ago, where it was earning 3.5%+. It's now at 4.1%.

But with a referral, my Marcus account is now earning 4.5% for the next 3 months.

Online Yo ssi

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Re: Highest interest savings account
« Reply #130 on: February 13, 2023, 03:18:06 PM »
I was invited to Vanguard Cash Plus a few months ago, where it was earning 3.5%+. It's now at 4.1%.

But with a referral, my Marcus account is now earning 4.5% for the next 3 months.
How does that compare with CFG?
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Offline aishel

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Re: Highest interest savings account
« Reply #131 on: February 14, 2023, 11:57:00 PM »
How does that compare with CFG?
Not familiar with it, so I'm not sure.

Marcus just increased their rates to 3.75% today. With my referral bonus, I'm now getting 4.75%!

Offline theyankel

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Re: Highest interest savings account
« Reply #132 on: February 15, 2023, 09:55:52 AM »
viobank.com a division of mid first bank 4.2% money market
https://www.viobank.com/cornerstone-money-market-savings


Offline normathej

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Re: Highest interest savings account
« Reply #133 on: February 22, 2023, 03:32:34 PM »
Does anybody want to refer me (or take a referral from me) for a Marcus Savings Account?  you get an increased interest rate together with me.  Please pm.

Online Euclid

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Re: Highest interest savings account
« Reply #134 on: February 22, 2023, 03:35:24 PM »
Does anybody want to refer me (or take a referral from me) for a Marcus Savings Account?  you get an increased interest rate together with me.  Please pm.
what's the current (increased) rate?

Offline Dan

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Re: Highest interest savings account
« Reply #135 on: February 22, 2023, 03:48:08 PM »
Does anybody want to refer me (or take a referral from me) for a Marcus Savings Account?  you get an increased interest rate together with me.  Please pm.
https://www.marcus.com/share/DAN-YN5-QNFH
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 normathej

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Offline mushkovits

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Re: Highest interest savings account
« Reply #137 on: March 15, 2023, 11:33:37 PM »
UFB upped their rate to 5.02

 https://www.ufbdirect.com/

Offline stooges44

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Re: Highest interest savings account
« Reply #138 on: March 21, 2023, 09:46:23 AM »
Kabbage is closing  :(



If it's not free shipping it's not worth it.

Online Euclid

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Re: Highest interest savings account
« Reply #139 on: March 21, 2023, 10:08:27 AM »
When was Kabbage high interest?
Mine has 1.1 now

Had a nice sign up bonus though...