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I would like to share FDIC insured banks which support 5% interest earnings on savings account upto $4k/$5k/$10k Personally I am using Current ,Varo and OnJuno and earning 5% interest. Varo bank - 5% savings interest upto $5k , eligibility is minimum of $1k /month paycheck direct deposit OnJuno -5% savings interest upto $10k , need mimimim $500/month paycheck direct deposit Current -5% savings interest upto $4k Netspend -you can open upto 5 account(s) ,each one support 5% upto $1k
Just short pounds
Lol. Just buy ibonds- 9.63% interest for next 6 months
That everyone knows ,maximum of $20k limit/ year for married couples ,this one just additional earnings . Woke up buddy ๐
Well, much better than having to open multiple savings account to earn just 5% is my point. Point still stands, earning interest, is better at many other places. Unless this is just rotational money and you need a new account.
Treasury bill returns 4.2%~ and requires no state/local taxes
Thanks for the post, just a legit way to save a bit more through fdic insured banks
just buy I bonds. annual rate if you get in before 10/28 will be 8.05%
Hello OP - Couldn't find info about onjuno paying 5%. Can you pls share the URL or what section you looking at? thanks in advance
If the limit is so low, I don't see the real benefit.
Ofcourse but still useful for someone having $20k extra money , split into multiple banks and earn $1000/year
You might as well flip burgers if you want to make so much effort for such a small gain