High interest rates on deposits

Jun 3 29 Comments

Fellow blinders,
Do you have high yield savings accounts?
What banks do you use?
I am currently researching CIBC. Have heard if ally online bank but somehow don’t trust it.
What other options are out there?

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TOP 29 Comments
  • Capital One / IT louwill
    Goldman Sachs Marcus Savings account is a possible option.
    Jun 3 11
    • MathWorks wlwoxnwlq
      +1 on that. I have it. No flags
      Jun 3
    • OP
      Thank you. I will consider it.
      Jun 3
    • Capital One / IT louwill
      I have it and haven't noticed any red flags as of yet.
      Jun 3
    • Apple
      Onsjsm

      Apple

      PRE
      Intuit
      BIO
      Engineering, devops,AI,database cloud,infrastructure
      Onsjsmmore
      Yes it good and I have
      Jun 3
    • Samsung fHHy34
      I have Marcus too but I saw that Wealthfront introduced new checking account with 2.51% APY.
      Jun 3
    • OP
      Are Wealthfront legit?
      Jun 3
    • Samsung fHHy34
      It is FDIC insured that means your money is safe.
      Jun 3
    • OP
      Thank you all!
      Jun 3
    • OP
      Is it a requirement from Wealthfront to invest with them in order to get a savings account?
      Jun 3
    • Samsung fHHy34
      No when opening account you just select high interest checking, just did today
      Jun 3
  • Amazon
    ps.ily

    Amazon

    PRE
    Google
    ps.ilymore
    Ally was renamed from GMAC which was largely complicit in the 2008 recession
    Jun 3 1
    • OP
      Interesting info. Interesting!!
      Jun 3
  • LinkedIn Humphrey G
    Wealthfront cash account at 2.51% APY and FDIC insured up to $1M.
    Jun 3 1
    • Cadence qwer09
      Usually it's 250k. Any reason for fdic ins of 1M? Is it only online banking? Any other catch?

      I was looking for something like this.
      Jun 5
  • UnitedHealthcare / IT 6f5ff9
    I’ve used ally bank for around 5 years and they’ve been around since 2008. Totally trustworthy, great app and website.
    Jun 3 0
  • Amazon Hello!!!!!
    Discover
    Jun 3 0
  • Travelport / Eng buttnpushr
    Bank of America lol .02%
    Jun 3 0
  • Microsoft Harambe’
    Hsbc direct
    Jun 3 0
  • LinkedIn stuffy🐷
    I have Discover and Alliant Credit Union
    Jun 3 4
    • OP
      How are they? Any red flags? Hidden fees or anything?
      Jun 3
    • LinkedIn stuffy🐷
      Both are no fees. Both APY 2.1%. Discover also has an extra $200 bonus if you deposit $25K.
      Jun 3
    • OP
      Is that $200 bonus taxable?
      Jun 3
    • Thoughtworks / Eng nooop
      Yes, it's taxable.
      Jun 3
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    High yield is relative, and high yield savings are an oxymoron.
    Jun 3 1
    • OP
      Let’s say something better than chase’s 0.01% lol
      Jun 3
  • Cadence qwer09
    Does wealthfront have CDs?

    Can somone suggest where to keep around 100-200k that are not earning any interest right now?
    Jun 10 0
  • Samsung grey345
    1 million spread across 4 banks
    Jun 5 0