I am moving away from Marcus due to poor customer service and user experience. Amex has lower APY. Will park this money for emergency funds. If you propose another product please share in the comments.
Capital One and Ally are other options.
Do you only choose with the max APY or other factors too?
I've had friends recommend Ally, and I've known of Capital One for awhile for banking. I think Capital One is slighter lower in interest, but I think that all that really matters is the interest rate, decent customer support, and it's a bank you can reasonably trust.
Cit bank ( not citi) has 5%+
Wealthfront too What other features do you look in for before choosing? If next year another one has a max APY I’m assuming people don’t move to that one. So from longevity pov what you suggest?
Limits on transfer in/out is a big one. Cit bank offers free wires as bonus.
https://www.doctorofcredit.com/high-interest-savings-to-get/ You’re welcome!
Even I moved out of Marcus cause they don't even allow to cancel your cd online, you need to call customer care. That was a red flag in bad business practise. I moved to ally and boy the difference is night and day. I have never had a better experience in any bank than ally. Amazing bank highly recommended. Maybe you will get less apy but I will surely take it for the experience that I get
Using Wealthfront for over an year now, it’s same day transfer of any amount is amazing.
T bills
CIBC Bank USA, 5.01%. Huge bank in Canada, and it's their US branch.
Robinhood offers 5.45% with a $5 per month fee. Depending on your amount could be worth the monthly fee.
DM for marcus or wealthfront referral
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A digression to your poll: if you've $80K sitting in a HYSA (mine is at CapOne at 4.5%), would you use it to paydown your mortgage (~800K left on a 15 year fixed) or do nothing? Ive another $25K in my checking account so not much worried on emergency funds.
Depends on your mortgage interest rate, monthly expenses, and if you're getting generally smart when it comes to money.
Mortgage is at 2.5 , 401k~260K, Roth~1.4M (NVDA calls but cant touch till 60), expenses with 2 kids+mortgage+expenses+bills ~ 12k per month. So yeah, could be risky if I use it all for my mortgage.