2024 Hysa reddit - High-yield online savings account. The Ally high-yield savings account (HYSA) offers a competitive annual percentage yield (APY) and no monthly maintenance …

So that's about a 1.4X ROI (Spend $40K now to "save" $56K in interest payments) Now let's do compound interest. Continue paying your loan for 30 years, but put $40K into an HYSA at 4.8% APY. $40K into an HYSA that returns an average of 4.8% per year results in $163K saved. That's a 4X return on the investment.Like u/DavidTVC15 said, I too have a checking, savings, and CC with Discover, but have only been a client for about two years.. I haven't experienced the issues others experienced either, even after depositing nearly $6,000 into my HYSA with them. From what I've seen and gathered from people who've experienced issues - it seems that accounts that are …Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account.Thoughts/experiences on UFB Direct HYSA. I just discovered them here on Reddit yesterday. While they seem legit, I always find it a little weird when I discover a bank I've never heard of before. Their Savings account offers 4.81%, which is the highest I see around.Apr 3, 2566 BE ... 4% of $150 is $6 (this is for the entire year, not each month), divided by 12 months would be $0.50 per month, and the amount would be prorated ...it’s normal. many banks have a interest rate of 4-5%. the issue is that it’s just a HYSA and the APY can go down at any time without a heads up. if you aren’t looking to spend your savings soon, i would look into a cd. the … High yield savings accounts are garbage. You’ll make more money buying municipal bond funds like MUB. This type of debt is rare to default and if 1 bond in a fund of 1000 goes up its hardly an impact. They are actually positive for the year and we’re positive in 2008. Fact is you have capital gains and dividends. High yield savings accounts are garbage. You’ll make more money buying municipal bond funds like MUB. This type of debt is rare to default and if 1 bond in a fund of 1000 goes up its hardly an impact. They are actually positive for the year and we’re positive in 2008. Fact is you have capital gains and dividends. 18 votes, 11 comments. true. Only thing I can say is some banks may guarantee you a specific interest rate for a X months or something, whereas a money market fund is going to be forced to respond relatively quickly to the interest rate environment (which in a rising rate environment is great, in a falling rate environment can be … I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account. CIT has the highest rates I know of. A little slow when it comes to transfers though. Marcus is also good. Capital One has lower rates but is very easy to use. 2. Bordercrossingfool. • 8 mo. ago. CIT transfers are much slower than Marcus. With CIT it is usually better to initiate a transfer to CIT from the other bank. Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account.If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...If you just want a HYSA with a bit higher return than Ally, you can also look at Marcus. The no penalty CDs there are 2.35% and its regular savings seem to almost always be at least 0.05% higher than Ally. But I think there's nothing wrong with CIT. Many people in this forum use it after all. seatcord. I wanted to provide some insight on my experience with them. They are backed by the FDIC, and they are a component of AXOS bank. So you can verify their FDIC membership that way. They are currently paying 2.85% APY, which is the highest I could find. That is the positive. 6 days ago · Monthly fee. $0. The Bask Interest Savings Account offers a high rate with $0 monthly account fees and $0.01 minimum account balance to earn APY*. And Bask Bank is a standout for service ... Jun 6, 2566 BE ... Western Alliance is now offering 5.15% for its HYSA. It uses the Raisin online storefront. https://www.raisin.com/en-us ...In contrast, there are banks and credit unions (usually online only) that offer much higher interest rates. So for example the current average rate is around .40% to .55% and up till pre-2020, it was around 2%. There is nothing particularly special about HYSA vs regular savings accounts other than the interest rates.In today's savings account interest rate environment, you should aim for an account that earns at least 3.50%, with the best savings accounts offering upwards of 4.5%. Many banks offer interest ...Best Hysa 2024 Reddit. Our recommendations for the best hysa. 16, 2024 at 2:58 p.m. Wed, march 13, 2024, 3:15 am edt · 9 min read. The savings account is at. Best high …Not sure what you're planning to use the money for, but assuming it's a big ticket item like a house or car, the flexibility of a HYSA could be very useful given how rapidly those markets are changing. Schwab had some 12-13mo CDs at over 4%. Not sure about any fees though. CDs are trick or treat.Marcus by Goldman Sachs currently offers 4.15% I believe and there’s no direct deposit required. You need to open a Sofi Banking account (checking plus savings) and direct deposit any amount to get that bonus. There are better rates out there but most are either 3 month to 1 year promo periods OR limit the amount that gets the … None of the above. A MMF at a major brokerage will gets you ~5%. If you want a bit more 3 month t-bills either direct or ETF (i.e. TBIL) will get you 5.2%. That will be state tax free so depending on state tax rate it would be comparable to a HYSA offering 5.4% to 5.7%. McKoijion. • 5 mo. ago. Ally Bank for HYSA. Roth IRA - tax free when you want it. Keep 3 months of emergency fund in your HYSA. I was doing treasury bill ladder to for emergency fund but that looks to be moving. Your approach is technically less “optimal” than dumping it all in now, but your approach dollar-cost averages which is plenty healthy to do in uncertain times.February 28, 2023. In November 2022, we announced our newest product — a high-yield savings account for our M1 Plus users to begin earning a competitive 5.00% APY* return …Hi All, I am looking to open a HYSA and start with $7,000. I've narrowed it down to Synchrony (1.55%), Goldman Sachs (1.50%), and Amex (1.45%). I'm heavily leaning toward synchrony, but I can't find a lot of information about how they are...if people like this HYSA, customer service, et. Reaching out to this community to see if anyone has had ...Hi All, I am looking to open a HYSA and start with $7,000. I've narrowed it down to Synchrony (1.55%), Goldman Sachs (1.50%), and Amex (1.45%). I'm heavily leaning toward synchrony, but I can't find a lot of information about how they are...if people like this HYSA, customer service, et. Reaching out to this community to see if anyone has had ...With a high APY of 4.35%, Barclays Bank’s high-yield savings account includes many of the same features as other similar accounts, including secure 24/7 account access, free online transfers ...Customer service is important to many people and Ally and Discover get good marks. Ally is popular because it’s an overall solid bank. Good app, good APY, fast transfers, 24/7 customer service, etc. there are other good options but personally I use Ally for HYSA and checking. Never have issues and have been pleased. HYSA, FDIC insured. interest fully taxable. Funds are considered fairly liquid, 2-5 days I'd guess. CD's , FDIC insured. Interest fully taxable. Funds are locked for the term of the CD. MMMF, no FDIC, but thought to be really really safe anyway. Interest taxability depends on the fund, some invest in treasuries, so a percentage would be state ... If you want to keep your banking products together, get Amex. If you want to get 0.70% higher (5.05%) APY on your deposit, then I recommend CIT Bank Platinum savings. Choosing a HYSA is not a complicated thing. If you're going to park money then you want the best APY. I have CIT Bank, Amex, Discover and PNC HYSA. I've also had Capital One. A lot of people have been talking about I Bonds but if I do the math, I think i'm better off keeping the cash in an HYSA? Let's say I have $70,000 in…Transitioning my HYSA to I Bonds. I know I'm a bit late to the party here, but bear with me. I have an HYSA with ~$10,000 stashed away for emergencies, etc. I get a decent APY, but after reading about I bonds on here I think it might make sense to split up this $10k. I'm planning to move around $5k into I bonds and leave the rest in the HYSA. Cancel the transfer before it completes, (you can do this immediately) Discover will credit you with another $50, since their system sees it as $20K total deposits. Then open a HYSA with Capital One with bonus code SAVE1000. Transfer your $15K and wait the 90 days for the $200 bonus to post. You've just earned $400 bucks in a few months and ... Best Hysa 2024 Reddit. Our recommendations for the best hysa. 16, 2024 at 2:58 p.m. Wed, march 13, 2024, 3:15 am edt · 9 min read. The savings account is at. Best high …BouncyEgg. • 1 yr. ago. There's some slight, but not significant, increased risk utilizing a money market fund (use the words "breaking the buck" in your research). But yes, the 7 day SEC Yield is pretty much directly comparable to a bank/CU's published APY. Consider SPRXX for even more slightly (again pretty much …Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!now that savings account returns are low, does it make sense to keep emergency money in there? What are some better alternatives? I live super cheap. 1 year of my expenses is only 13k. The recommendation is 3-6 months, so i am thinking about only keeping 5k in a HYSA (or alternative) and put the rest into an investment …I recently opened a HYSA account in December 2022 with Capital One at 3.4% interest. They also had a $1k bonus if you kept over 100k in the account for 90 days. It has been 90 days now and the bonus should be paid out by June, & I am seeing Wealthfront offering 4.55% APY (with a referral code, the extra .5% is only for 3 … None of the above. A MMF at a major brokerage will gets you ~5%. If you want a bit more 3 month t-bills either direct or ETF (i.e. TBIL) will get you 5.2%. That will be state tax free so depending on state tax rate it would be comparable to a HYSA offering 5.4% to 5.7%. McKoijion. • 5 mo. ago. Ally Bank for HYSA. Jun 6, 2566 BE ... Western Alliance is now offering 5.15% for its HYSA. It uses the Raisin online storefront. https://www.raisin.com/en-us ...If you can find an invite, HMBradley is a good spot to park up to $100k at up to 3.5% and lots of fine print; Series I bonds are 3.5+% right now if you can tolerate a one-year lock-up; otherwise you're looking at ~0.5% most places. If you have access to a consistent 0.75%, it's worth exploring to see what the terms are. Yeah but series I bonds ...Transitioning my HYSA to I Bonds. I know I'm a bit late to the party here, but bear with me. I have an HYSA with ~$10,000 stashed away for emergencies, etc. I get a decent APY, but after reading about I bonds on here I think it might make sense to split up this $10k. I'm planning to move around $5k into I bonds and leave the rest in the HYSA.Question about Western Alliance Bank. Saving. Hello everyone I recently deposited $60,000 using the website called savebetter.com and my money is currently sitting in a high yield interest savings account with Western Alliance Bank Western Alliance Bank is supposedly on the verge of collapse should I withdraw my money as soon as possible or ... HMBradley is 1% or 3% if you have their credit card. You need to direct deposit $1500/month and spend $100 with their credit card to reach 3%. Credit card is $0 first year and $65/y after. CC gives you 3% Cashback on first spending category, 2% for second, then 1% rest. r/personalfinance. Investing. I came across a banking site called Wealthfront that's promising a HYSA with a 3.3% APY (15x times the national average they advertise). With unlimited transfers and 3.3% growth, and seemingly no sneaky minimum-anything, I'm wondering what the drawback would be for moving my E.F. here. Heck, based on what I'm reading I could use this ...Cancel the transfer before it completes, (you can do this immediately) Discover will credit you with another $50, since their system sees it as $20K total deposits. Then open a HYSA with Capital One with bonus code SAVE1000. Transfer your $15K and wait the 90 days for the $200 bonus to post. You've just earned $400 bucks in a few months and ...Use whichever one has a higher rate. As a side note, HYSA and money markets aren't an investment. They are just holding vehicles for liquid cash. Both are fine for under 5 years and a specific savings goal. Money markets are available through Fidelity for over 3% as a settlement fund. Not hard to find 3.25% or so.The Alto site is 100% legit. I spoke to BMO agents who confirmed. It's a wholly separate site from BMO by design, on different banking platforms, which allows BMO to provide really good interest rates. Rates are now 4.5%, which are among the best I've seen in the market. None of the above. A MMF at a major brokerage will gets you ~5%. If you want a bit more 3 month t-bills either direct or ETF (i.e. TBIL) will get you 5.2%. That will be state tax free so depending on state tax rate it would be comparable to a HYSA offering 5.4% to 5.7%. McKoijion. • 5 mo. ago. Ally Bank for HYSA. HYSA Offering 4.5% Question. Western Alliance Bank (advertised by AARP, powered by SaveBetter, Raisin company) is offering 4.5% APY. Small print, “interest rate may change after initial deposit.”. Is this how they all work? Thanks. Archived post. New comments cannot be posted and votes cannot be cast.Prospective hysa and Roth IRA customer. Hello everybody, I in my early 20s trying to become more financially literate and trying to set up my future self to be more financial secure. My first steps towards these goals are to open a HYSA and a Roth IRA. After figuring these accounts out, I will start investing (this I might do …Marcus by Goldman Sachs currently offers 4.15% I believe and there’s no direct deposit required. You need to open a Sofi Banking account (checking plus savings) and direct deposit any amount to get that bonus. There are better rates out there but most are either 3 month to 1 year promo periods OR limit the amount that gets the …If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...More replies. [deleted] •. Really happy Ally customer of 6 years. The difference in rate between Ally and Marcus is 0.05% in favor of Marcus. If you have 10k in there, that means you are going to earn 42¢ more per month. sketchymidnight. •. Ally is best even though their rate is lower.SoFi is pretty good if not the best HYSA, they became an official bank last year so they are FDIC insured and give 3.75% APY when doing they direct deposit no matter the amount and is for both checking and savings account. ... This is the global dual-language Reddit home of the country Vietnam. Chào mừng bạn đến với ngôi nhà trên ... I wanted to provide some insight on my experience with them. They are backed by the FDIC, and they are a component of AXOS bank. So you can verify their FDIC membership that way. They are currently paying 2.85% APY, which is the highest I could find. That is the positive. None of the above. A MMF at a major brokerage will gets you ~5%. If you want a bit more 3 month t-bills either direct or ETF (i.e. TBIL) will get you 5.2%. That will be state tax free so depending on state tax rate it would be comparable to a HYSA offering 5.4% to 5.7%. McKoijion. • 5 mo. ago. Ally Bank for HYSA. Hello all. I'd like some tips on setting up a high-yield savings account. I've been watching some financial influencers discussing doing so but I wanted to know the best way to do this. My current bank gives me 0.40 APY. Would it be best to transfer half or about $1000 to a HYSA right now and add a little bit more each month?In contrast, there are banks and credit unions (usually online only) that offer much higher interest rates. So for example the current average rate is around .40% to .55% and up till pre-2020, it was around 2%. There is nothing particularly special about HYSA vs regular savings accounts other than the interest rates. 6.17% at Digital Credit Union. $1,000 limit. 6% at H-E-B Debit. $2,000 limit. Requires some activity every 90 days to avoid fees, a $1 ACH push is sufficient. 4.07% at Genisys Credit Union. $7,500 limit, requires 10 debit purchases of $5 or more each month. 11K votes, 1.2K comments. 5.3M subscribers in the YouShouldKnow community. I’ve been using Prosper. It’s kinda like kickstarter for debt. Someone wants $10,000 to refinance their credit card debt and that debt is split into $25 increments and sold to investors who get a cooresponding share of the interest and principal payments …CASH Currently paying about 1.75%/YR in FDIC-insured format (HYSA) or 2.25% in ETF format and around 2% in MMF format. Short government bonds SGOV 1.82%. Short term Corporate VCSH 3.95%. Etc. I got lazy. Generally, the farther out into the future you go, the more yield you can get (and more risk, go figure!). CASH Currently paying about 1.75%/YR in FDIC-insured format (HYSA) or 2.25% in ETF format and around 2% in MMF format. Short government bonds SGOV 1.82%. Short term Corporate VCSH 3.95%. Etc. I got lazy. Generally, the farther out into the future you go, the more yield you can get (and more risk, go figure!). View community ranking In the Top 1% of largest communities on Reddit. Replacing a high-yield savings account (HYSA) with a mix of 50% JEPI (JPMorgan Equity Premium Income ETF) + 50% BSV (Vanguard Short-Term Bond ETF) ... Replacing a high-yield savings account (HYSA) with a mix of 50% JEPI (JPMorgan Equity Premium Income ETF) + 50% …Reddit is a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ... None of the above. A MMF at a major brokerage will gets you ~5%. If you want a bit more 3 month t-bills either direct or ETF (i.e. TBIL) will get you 5.2%. That will be state tax free so depending on state tax rate it would be comparable to a HYSA offering 5.4% to 5.7%. McKoijion. • 5 mo. ago. Ally Bank for HYSA. If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...Roth IRA - tax free when you want it. Keep 3 months of emergency fund in your HYSA. I was doing treasury bill ladder to for emergency fund but that looks to be moving. Your approach is technically less “optimal” than dumping it all in now, but your approach dollar-cost averages which is plenty healthy to do in uncertain times.SoFi Bank, N.A. is a digital experience powered by the SoFi app featuring SoFi Checking and Savings accounts that allow you to save, spend and earn cash-back all in one place. Members can earn up to the highest APY on their Checking and on Savings with active direct deposit. Members without direct deposit will still earn …The current economic situation really doesn't play into this decision. Build an emergency savings in something stable, like a high yield savings account. Save for any anticipated expenses in the next few years (e.g., car, house downpayment) in something stable, like a high yield savings account. Invest the rest.Best High-Yield Savings Accounts for February 2024 - CNET Money. Advertiser Disclosure. Money Banking. Best High-Yield Savings Accounts for February …I’ve heard around here that Ally is pretty awesome as a “high yield” account. But, I think they just lowered their rate to 1.9%. I was bummed out, but American Express is still offering 2.1%. Not a huge difference, but I would still like to maximize interest. But, since most people here have talked about ally, I wanted to ask before ...SoFi Bank, N.A. is a digital experience powered by the SoFi app featuring SoFi Checking and Savings accounts that allow you to save, spend and earn cash-back all in one place. Members can earn up to the highest APY on their Checking and on Savings with active direct deposit. Members without direct deposit will still earn …now that savings account returns are low, does it make sense to keep emergency money in there? What are some better alternatives? I live super cheap. 1 year of my expenses is only 13k. The recommendation is 3-6 months, so i am thinking about only keeping 5k in a HYSA (or alternative) and put the rest into an investment … HYSA are for short-term savings. (Less than 3 years typically) They carry basically no risk and always gain numerical value, but may still lose value to inflation. Stock market is for long-term investments. (More than 3 years typically) These carry risk and may lose substaintial value or gain substantial value. Investing. I came across a banking site called Wealthfront that's promising a HYSA with a 3.3% APY (15x times the national average they advertise). With unlimited transfers and 3.3% growth, and seemingly no sneaky minimum-anything, I'm wondering what the drawback would be for moving my E.F. here. Heck, based on what I'm reading I could use this ...View community ranking In the Top 1% of largest communities on Reddit. Replacing a high-yield savings account (HYSA) with a mix of 50% JEPI (JPMorgan Equity Premium Income ETF) + 50% BSV (Vanguard Short-Term Bond ETF) ... Replacing a high-yield savings account (HYSA) with a mix of 50% JEPI (JPMorgan Equity Premium Income ETF) + 50% …I’ve heard around here that Ally is pretty awesome as a “high yield” account. But, I think they just lowered their rate to 1.9%. I was bummed out, but American Express is still offering 2.1%. Not a huge difference, but I would still like to maximize interest. But, since most people here have talked about ally, I wanted to ask before ...A brokerage account lets you choose how to invest your money. Some investments pay interest. Some pay dividends. Selling your investment for more than you bought it for is also income (called a capital gain). If you held the investment long enough, dividends and capital gains might be taxed at a lower rate than other income.HYSA with 3%. I'm looking for a new savings account to park liquid cash in for 3%+ rates and I've found the following: UFB Direct - 3.11% APY. First Foundation Bank - 3.10% APY. CFG Bank - 3.10% APY. Ivy Bank - 3.10% APY. These appear to be small banks I've never heard before and I'm not sure if I can trust them.I didnt save anything until December. Sock away a couple pay checks in HYSA, delay paying until April 15th on the dot and be done. Not hard. If you can calculate your estimates have three W2s should be easy peasy. Its just entering #'s into turbo tax. You're done in an hour, no different than changing jobs mid year. No need fancy CPAs for that.Hi All, I am looking to open a HYSA and start with $7,000. I've narrowed it down to Synchrony (1.55%), Goldman Sachs (1.50%), and Amex (1.45%). I'm heavily leaning toward synchrony, but I can't find a lot of information about how they are...if people like this HYSA, customer service, et. Reaching out to this community to see if anyone has had ...In today’s digital age, having a strong online presence is crucial for the success of any website. With millions of users and a vast variety of communities, Reddit has emerged as o...What are High-Yield Savings Accounts? High-yield savings accounts are savings accounts but have interest rates that match up to longer-term accounts (like …Mexican restaurants in wichita, Assassins creed mirage steam, Umpqua hot springs oregon, How much is a car paint job, Baby sunglasses, Affordable hotels near disneyland, Ant with wings, Hair conditioner, Eos membership prices, Brake fluid exchange cost, Is the show friends on netflix, S23 ultra vs s24 ultra, Best shaver for balls, Loreal collagen cream

I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account.. Melty's

Keep that cash in the HYSA (or invest it in USFR) and don't touch it unless you're ready to buy a home or have a real emergency. Pretend it doesn't exist and congrats on building that sum. Moving forward, with your regular paycheck, make sure to invest anywhere from 15-25% of your gross income. You'll be golden.M1 is offering 4.89 interest rate. If you'll excuse some unsolicited advice -- a lot of banks are offering relatively high APY's right now, but a few things to avoid: "Teaser rates" that will drop within a short time-frame of your first deposit and/or require a minimum balance. Administrative fees in general.On that same day, SPAXX charted at 3.5% and was at 3.8% by 12/22/2022. JayFBuck. • 1 yr. ago • Edited. The yield is net of the expense ratio. That means it's actually 4.19% - 0.42% = 3.77%. The expense ratio is irrelevant to you. What matters is the listed yield. r/fidelityinvestments.The national average savings account pays a 0.58 percent APY as of November 2023, according to a recent Bankrate survey, while the best high-yield … r/fidelityinvestments. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!Opening a HYSA - Capital One. Saving. I have been saving to purchase property for a few years now and the money is just sitting in my regular savings account. I am at least 2 years still from being ready to purchase property. Rather than having the money sit in my Chase savings account (0.02% interest), I was thinking of …February 28, 2023. In November 2022, we announced our newest product — a high-yield savings account for our M1 Plus users to begin earning a competitive 5.00% APY* return … Some ppl may even say keep all in HYSA because 6 withdrawal limit is lifted. I like about a months expenses, just in case there's any issues getting paid. The emergency fund goes into HYSA. My regular monthly expenses are about $2,500, so I aim for a maximum of $3500 and a minimum of $500 in checking. I'm looking to open a purely savings account for my emergency fund and extra savings, and their HYSA is highly attractive to me at 1.8%. I'd appreciate if anyone could share their experience! Thanks!Cancel the transfer before it completes, (you can do this immediately) Discover will credit you with another $50, since their system sees it as $20K total deposits. Then open a HYSA with Capital One with bonus code SAVE1000. Transfer your $15K and wait the 90 days for the $200 bonus to post. You've just earned $400 bucks in a few months and ...Roth IRA - tax free when you want it. Keep 3 months of emergency fund in your HYSA. I was doing treasury bill ladder to for emergency fund but that looks to be moving. Your approach is technically less “optimal” than dumping it all in now, but your approach dollar-cost averages which is plenty healthy to do in uncertain times.A user asks why they should open an HYSA that pays 0.6% when they can't afford to save much more than $1000. Other users reply with their opinions, tips, and experiences on … I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account. Investments in a target date fund within the IRA will yield a higher return long-term than a savings account. Additionally, the earnings grow tax free (unlike your savings account, where you pay taxes on the interest earned each year) and all withdrawals once you hit retirement age (59.5 for the Roth IRA) are tax-free. Some ppl may even say keep all in HYSA because 6 withdrawal limit is lifted. I like about a months expenses, just in case there's any issues getting paid. The emergency fund goes into HYSA. My regular monthly expenses are about $2,500, so I aim for a maximum of $3500 and a minimum of $500 in checking. SoFi Bank, N.A. is a digital experience powered by the SoFi app featuring SoFi Checking and Savings accounts that allow you to save, spend and earn cash-back all in one place. Members can earn up to the highest APY on their Checking and on Savings with active direct deposit. Members without direct deposit will still earn …Jun 6, 2566 BE ... Western Alliance is now offering 5.15% for its HYSA. It uses the Raisin online storefront. https://www.raisin.com/en-us ...In contrast, there are banks and credit unions (usually online only) that offer much higher interest rates. So for example the current average rate is around .40% to .55% and up till pre-2020, it was around 2%. There is nothing particularly special about HYSA vs regular savings accounts other than the interest rates.If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less.Oct 19, 2565 BE ... 3.46% yield minus an MER of 0.18%. The brilliant part though - it all gets taxed as capital gains, not interest income. Instead of monthly ...Forbes Advisor compares high-yield savings accounts with up to 5.25% APY. No results found for hysa reddit, a possible misspelling of high-yield savings account.r/HYSA_Discussion: Community to discuss the best HYSA accounts currently available.The real question is how the 0.5% "high yield" accounts can stay in business when you can get plain accounts paying 1%, and much higher with some limits: 1% with no limit at T-Mobile Money. 2% on the first $20,000 at Elements Financial Credit Union, requires 15 withdrawal transactions per month but bill pays qualify.r/FIREyFemmes. • 2 yr. ago. soniya42423. I want to open a HYSA with Ally Bank this week, don't know where to start and have a few questions! Hi all, so I want to open a high yield savings account where I can … Some ppl may even say keep all in HYSA because 6 withdrawal limit is lifted. I like about a months expenses, just in case there's any issues getting paid. The emergency fund goes into HYSA. My regular monthly expenses are about $2,500, so I aim for a maximum of $3500 and a minimum of $500 in checking. High Yield Savings Accounts (HYSAs) HYSA Basics. What is a High Yield Savings Account? What is the difference between Interest Rate and APY? How can I find the …Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!You can instantly move money between Ally accounts on the website or in the app so this really shouldn't matter much. A HYSA (High Yield Savings Account) is exactly that, a savings account. If that's what you are wanting, just the generic 'Ally Savings' account at 3.75% is what you want.It's a good savings strategy. Haven't had any problems with synchrony yet. In the online world, this is much much much more common than you may be envisioning. If you're not committed to Synchrony, there are plenty of other options. You can get higher than that -- BrioDirect pays 2.15% for any amount.They might charge the person (or business) borrowing the money 5% interest for example. Many banks only pay you 0.01% interest on that deposited money and they keep the remaining 4.99% for themselves. With a high yield savings account, the bank pays you a higher percentage on your money, so maybe 2%. Most of the banks that do this have a large ...HYSA Offering 4.5% Question. Western Alliance Bank (advertised by AARP, powered by SaveBetter, Raisin company) is offering 4.5% APY. Small print, “interest rate may change after initial deposit.”. Is this how they all work? Thanks. Archived post. New comments cannot be posted and votes cannot be cast.Given the 5-7 horizon, you could do the following: EF stays in HYSA. 20k go to I bond to take advantage of the 0.9% fixed rate. rest of current saving goes in a target fund with target 2030 to try to get some growth. new savings go to HYSA/T bills/CD since the time horizon of new savings will be below 5 years.Investments in a target date fund within the IRA will yield a higher return long-term than a savings account. Additionally, the earnings grow tax free (unlike your savings account, where you pay taxes on the interest earned each year) and all withdrawals once you hit retirement age (59.5 for the Roth IRA) are tax-free.Saving. I have a few thousand dollars I want to put into a HYSA because it feels silly to have this much sitting in a regular savings account. LendingClub has 1.52% APY, no monthly fee and no external transfer fee. I was wondering if anyone had a HYSA with LendingClub and if so, do you feel like it’s worth it?Opening a HYSA - Capital One. Saving. I have been saving to purchase property for a few years now and the money is just sitting in my regular savings account. I am at least 2 years still from being ready to purchase property. Rather than having the money sit in my Chase savings account (0.02% interest), I was thinking of …Sep 2, 2566 BE ... Both MM and HYSA are good btw. Main diff is MM is not FDIC insured but it's so low risk anyway. And if Vanguard fails we're all screwed at that ...Marcus by Goldman Sachs currently offers 4.15% I believe and there’s no direct deposit required. You need to open a Sofi Banking account (checking plus savings) and direct deposit any amount to get that bonus. There are better rates out there but most are either 3 month to 1 year promo periods OR limit the amount that gets the …Reddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. ... I'm unable to wrap my head around the benefit of a CD over a HYSA right now. I understand that CD rates are fixed and HYSA aren't and could change at any time, but when I could put my extra cash in an HYSA at 4.5% vs a shorter term CD (1-2yrs) for 2.75% ...If you want to keep your banking products together, get Amex. If you want to get 0.70% higher (5.05%) APY on your deposit, then I recommend CIT Bank Platinum savings. Choosing a HYSA is not a complicated thing. If you're going to park money then you want the best APY. I have CIT Bank, Amex, Discover and PNC HYSA. I've also had Capital One. I opened an account over the weekend, transferred a chunk from my checking into it to feel it out. I think I remember that they stated 2-3 business days for transfers. Today is the 3rd business day and the $ has been removed from my linked checking acct but nothing in my milli HySA so far. It's a subsidiary of FNBO. Alternatives to Reddit, Stumbleupon and Digg include sites like Slashdot, Delicious, Tumblr and 4chan, which provide access to user-generated content. These sites all offer their u...6 days ago · Monthly fee. $0. The Bask Interest Savings Account offers a high rate with $0 monthly account fees and $0.01 minimum account balance to earn APY*. And Bask Bank is a standout for service ... High yield savings accounts are garbage. You’ll make more money buying municipal bond funds like MUB. This type of debt is rare to default and if 1 bond in a fund of 1000 goes up its hardly an impact. They are actually positive for the year and we’re positive in 2008. Fact is you have capital gains and dividends. Current APY is 4.3%, if you use my referral link, we both get extra 1% APY bonus for a total of 5.3%, which I believe is the highest in current market. In my exp, they been pretty fast at adjusting their APY whenever fed raise interest rate, was 2% when I joined in 2018, now it's up to 5.3% with link below. 3% at One Finance. No limit, but funding the 3% account is limited to 10% payroll/benefits direct deposits, up to a maximum of $1,000 per month. 1% at T-Mobile Money. No limit or requirements. HM Bradley is going to be the highest rates, but with new, extremely high, hoops to jump through starting Feb first. With HYSA’s yielding 3.5-5% interest (paid monthly) vs. most dividend ETFs landing in the 3% area, is it a fair short term (6-12 month) play to just stick the cash in the HYSA? Other route for me would be brokerage. I’m ignoring the appreciation factor of the ETF but may not fully understand how much weight it carry’s. Still pretty new at ...I haven’t seen it here yet but I use Current in conjunction with AMEX and Chase and haven’t had any problems since 7/22. The only drawback with Current is that you get max interest 4% only up to $2000 in each savings pod with a maximum of 3 pods ($6000). I have the rest in an AMEX HYSA no issues with Chase.The only reason I use an Amex HYSA is because I wanted a separate bank for some emergency funds that wasn’t my primary bank, and I didn’t want to start another relationship with another financial institution, providing all my personal info. I already had a relationship with Amex, so, it was simple. 38. BadDronePilot.Amex hysa is currently earning 3.3% apy. No direct deposit requirement either. Overall, I’ve been very happy with my Amex account. I’m in the process of moving most of my e-fund from Ally at 3.3% to a 13 week T-Bill ladder, due to … HYSA are for short-term savings. (Less than 3 years typically) They carry basically no risk and always gain numerical value, but may still lose value to inflation. Stock market is for long-term investments. (More than 3 years typically) These carry risk and may lose substaintial value or gain substantial value. HYSA, FDIC insured. interest fully taxable. Funds are considered fairly liquid, 2-5 days I'd guess. CD's , FDIC insured. Interest fully taxable. Funds are locked for the term of the CD. MMMF, no FDIC, but thought to be really really safe anyway. Interest taxability depends on the fund, some invest in treasuries, so a percentage would be state ... Sep 23, 2566 BE ... It depends on when the money will be spent. If you're going to use it for a down payment in a year or two, it should stay in savings. Other ...On that same day, SPAXX charted at 3.5% and was at 3.8% by 12/22/2022. JayFBuck. • 1 yr. ago • Edited. The yield is net of the expense ratio. That means it's actually 4.19% - 0.42% = 3.77%. The expense ratio is irrelevant to you. What matters is the listed yield. r/fidelityinvestments.Current APY is 4.3%, if you use my referral link, we both get extra 1% APY bonus for a total of 5.3%, which I believe is the highest in current market. In my exp, they been pretty fast at adjusting their APY whenever fed raise interest rate, was 2% when I joined in 2018, now it's up to 5.3% with link below.HMBradley is 1% or 3% if you have their credit card. You need to direct deposit $1500/month and spend $100 with their credit card to reach 3%. Credit card is $0 first year and $65/y after. CC gives you 3% Cashback on first spending category, 2% for second, then 1% rest. r/personalfinance.BouncyEgg. • 1 yr. ago. There's some slight, but not significant, increased risk utilizing a money market fund (use the words "breaking the buck" in your research). But yes, the 7 day SEC Yield is pretty much directly comparable to a bank/CU's published APY. Consider SPRXX for even more slightly (again pretty much …A total bond index is used by many investors, which has an average duration of 6-8 years typically, and a more advanced method that is in line with matching your investment horizon would be to use long term (20-30 year) treasury notes or, TLT etf etc. I bonds are likely very good use of space for retirement money but < 1 year t bills and HYSA ...r/HYSA_Discussion: Community to discuss the best HYSA accounts currently available.Best for no minimum deposit: UFB Secure Savings. Best for earning a high APY: Western Alliance Bank Savings Account. Best for no fees: Marcus by Goldman Sachs High Yield …If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less.. 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