Highest interest savings account

[Shaya E]

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).

[TBD]

For banks with B&M branches Capital One 3.4% is the best, correct?

https://www.doctorofcredit.com/high-interest-savings-to-get/

[avromie7]

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%.

[dm123]

Much more. You would need $40k to cover the $5 fee and earn 4%.

Can't believe I miscalculated that thanks.

[sillypainter]

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.

[dm123]

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 you’re already tapping into its benefits I’m not seeing it’s superiority.

[yungermanchik]

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.

[avromie7]

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.

[1avigrun]

Cap1 has a 11 month cd at 5%

[aishel]

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.

[Yo ssi]

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?

[aishel]

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%!

[theyankel]

viobank.com a division of mid first bank 4.2% money market
https://www.viobank.com/cornerstone-money-market-savings

[normathej]

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.

[Euclid]

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?

[Dan]

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

[normathej]

https://www.marcus.com/share/DAN-YN5-QNFH

Applied, thanks!

[mushkovits]

UFB upped their rate to 5.02

 https://www.ufbdirect.com/

[stooges44]

Kabbage is closing 

[Euclid]

When was Kabbage high interest?
Mine has 1.1 now

Had a nice sign up bonus though...