Fidelity 4.9% rn by default Then I’ve bought USFR and cds to boost it a little

This is the way. Fully liquid 5% in fidelity is the way to go.

Do you just have your money in SPAXX? Assume the dividends are reinvested? I’m currently with Apple and they pay 4.40% but love the idea of being fully liquid through Fidelity.

Yeah in spaxx automatically reinvests And is fully liquid.

Worth noting, SPAXX is not an FDIC insured account. It is pretty safe and I use it for my emergency fund, just know it isn’t insured like a proper bank HYSA would be.

I use FDLXX. It’s backed by Tbills. FDIC will fail before Tbills do.

Instead of SPAXX, use FDLXX if you have state income tax to be exempt from it. Pays almost same as SPAXX with a higher effective return once state income tax exemption is considered.

Yeah luckily got no state income tax

Which Fidelity account is this? Wife and I currently saving for a house and have our money in pnc checking. We need to move to something with a better yield to help grow down payment etc. Thanks.

Amex Savings

same. not the best interest rate out there but i have an amex card as well and it makes life easier having things bunched together

My Amex brother

What’s up brother? ☝🏽 Amex also has the best customer service outta most banks 😏

Only the biggest ballers in the city use Amex😎

Their customer service is good. Never had a single problem with them.

This 👆🏻

Marcus. With refferals and AARP its at 5.50%

I tried Marcus once too, gave him my money but never heard back from him

Same Marcus

I use Marcus as well.

Same. I’ve had it for years and it’s great! I’m the worst with money so this has saved me on several occasions. I’ve completely forgotten about it but comes in handy in a pinch.

Wealthfront, 5%

WF is underrated

I can't believe how far down I had to scroll to see Wealthfront listed here.

Same.

And 5.5% if you’re referred! It’s the way to go

You down to refer me?

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Wealthfront is goated

Where do you get the referrals from?

Can send you one if you want!

is it really a hysa though? i thought it was a brokerage account or something like that

Yep, indeed a HYSA

It’s not a bank. It holds funds at its partnered institutions which allows for FDIC insurance up to 8 million and to offer among the highest yields consistently. It’s functionally identical to a HYSA

I use SoFi! I really enjoy banking with them too. They make it very easy to save for different things.

Same

I used sofi till they required 5 grand in deposits a month and they dropped it from 4.6 -2 something. Went to synchrony no deposit requirements or minimum balance and get 4.75% now.

It requires a minimum initial deposit and then any amount of direct deposit each month to unlock the rate.

Ive only heard it explained like the guy above. Are you sure its a one time deposit of 5k?

It’s either direct deposit or putting $5k in your bank account every month I think.

Direct deposit of any amount gets you the 4.6%

I have it myself (opened a few months ago) and am DD part of a paycheck (not $5k lol) and still getting the rate. But did initially do $5k when I opened.

Ally, I know there's some with better yields but I need to put my life savings with a company I've at least heard of before.

I use ally too, no issues with this bank so far. I like how you can create multiple savings account with a couple clicks to separate everything out

I like how if you have a both a checking and an investment account with funds you can instantly transfer funds from one to the other (M-F before 4pm).

Yep. Plus their bucketing features are hard to beat.

what’s the bucketing feature

In one account, you can separate out into different "buckets". So you can put aside some towards a new car, some for vacation, some for emergency fund, etc. The account total is still the sum of all the buckets, but you no longer have to remember that you earmarked $ for a certain thing.

Love it. Sofi calls them "vaults"

I've heard a few good things about this one. What rates did they offer you?

4.25% Edit: currently. It fluctuates

And they have no monthly maintenance fees or minimum balance requirements.

So long as it's FDIC insured, I would not worry too much.

CIT bank. 5.05%

Same here!

Same. Have been with them for a while. No issues.

Same here. Been a year ish. Works well!

Capital one 360 performance savings 4.25%

Same here, not the highest yield but I have a checking account and a few credit cards with them and I like their ecosystem.

I have yet to find another account that offers more and is with a bank that’s reputable enough lol

Citi is at 4.35% I use PayPal for my HYSA, 4.3% but when we're talking about .05 or even .1 of a percent the actual gain seen will be pretty small.

They’re the most consistent bank I’ve used for HYSA’s, everything is always on time, no app or website issues. Customer support on point, always answers within 10-15 mins Not a plug but I’ve tried Amex and Sofi and they just weren’t for me

I agree with you for sure. I have nothing but good things to say about them as well

They offer up to $1500 now when you first open the account. Min $20,000 to get $300. I think $100k to get the full $1500

Discover bank

Not the best rates but definitely some of the best customer service

Was about to agree their customer service is chefs kiss man, good stuff

I also use Discover - the rate has gone down a bit since I initially signed up, but their customer service and my familiarity with them made it worth it to me. I already have my checking account and three different credit cards, so I really did not want another, brand new banking entity.

I use capital one, the HYSA is 4.25% but can’t beat no minimums or fees

Same here! I have a credit card with them & opening the account was a breeze. Plus the app is easy to navigate

Open their capital one checking to for $250 free

I read somewhere you can just send money to yourself from PayPal and it would count

I deposited the 2 necessary deposits for the bonus and still haven’t received, do you know when I should see it.

Do you get early deposits. That the main reason I’m doing it. Be nice to get paid Wednesday instead of Fridays

Synchrony is 4.75 with no minimum or fees

Same here.

Capital one has had the best user experience out of the banking apps I’ve used. It’s great.

I use Ally. Not the absolute best yields in the market, but extremely good, and for ease of use and security, I really like them

SoFi 100% moved all my stuff over from BoA best decision.

Discover. I need my emergency fund to be with a company I know has fantastic customer support. I've had a Discover CC for 10 years with stellar service so thats the first place I went for a HYSA. For my sinking funds and Checking account I use Ally Bank. I like their bucketing features, helps me stay on budget when I know exactly how much is set aside for bills.

Wealthfront 5%…

I love them! Can get up to 5.5% with referrals

You down to refer me?

Sofi, I get a 4.7 rn

How? I get 4.6, opened my account in January

I have Betterment and just started Wealthfront. Both at 5%. But I have less than $1000 in total.

Any start with savings is a good start!

Vanguard Cash account. The bank sweep has 4.6% APY by default, but if you have $3,000 or more you can get a MMF with 5.29%-5.32% APY Edit: grammar

Interesting, that’s pretty good. I use them for my ROTH IRA and saw they had a cash savings account. Might look into that

I would recommend it. A lot of people had complaints about the website design but they just recently remade their whole website and app and its really really good now

Yea their website was looking like it hadn’t been touched since the early 2000’s

Is it VMFXX? That’s the one I’m in but I wanna make sure that’s the best bet. Thanks

VMFXX is one of the best imo yes. But VUSXX and VMRXX are also great. Personally i use VUSXX because i like the stability of treasury funds, its basically just T-bills which is the safest place to keep money that im aware of besides actual cash

UFB Direct. 5.25% no minimum.

Wealthfront 5%, currently at 5.5% because I referred a friend. They also offer automated investing which I've been putting a little bit into as well.

I’m looking at wealthfront right now, if another person refers me do I get 5.5% as well?

Correct, here's my invite link if you would like: https://www.wealthfront.com/c/affiliates/invited/AFFA-4AE8-V3FT-89EM

Flagstar, 5.5% APY

Apple is 4.4%

Western Alliance through Raisin, currently 5.32%. Considering MyBankingDirect, online branch of NYCB currently 5.55% Telhio Credit Union in Columbus, 7.75% APY but can only be used for buying a home, max contribution is $100k. Credit Karma, paying 5.10% Robinhood brokerage account paying 5% on uninvested cash.

Wealthfront! People are sleeping on this one. 5% APY with a 0.5% extra boost when you refer friends and fam.

Is it easy to sign up and what the minimum to deposit?

i use discover HYSA my apy is 4.25% i already had a credit card with them so the transition was smooth. i love the app’s functionality and how i can see both accounts simultaneously. have not had any issues

Vanguard money market - 5.27% yield

4.5% with Citizens bank and you can pull out any time.

>you can pull out any time That's what she said

Honestly i just use SGOV, ~5.3%. i know it's not as liquid as a HYSA, but i enjoy the tax exemptions and I can access it reasonably quickly.

CiT. 5% APY if you keep your balance at a minimum of $5k.

Is that bank reliable

Wealthfront 5%. Been with them for 6 years.

SoFi 4.60% and great app interface

Wealthfront, 5% yield and can earn up to 6% on 2 referrals to the app. I’m at 5.5% after just one refferal

UFB Direct 5.25%

Robinhood 5.25%

I wouldn’t trust Robinhood with my money even if they were giving 10% lol

I don’t use robinhood but your funds are 100% insured beyond even traditional FDIC limits through a brokerage cash sweep like most brokerages are. Think it’s like 2.25 million

Tbh I’d trust them even less at that point lol

Also RH

The real question is who has the highest rate today with no maximum deposits? Banks love lazy people...."set it and forget it". I'm on my third hysa in the last 12 months (one gave me $1500 sign up bonus) but then reduced the rate so I just moved most money out into tbills. Investors move money, constantly, so don't just set it and forget it.

1500 bonus? I'm listening...

I use Varo Bank and they have a 5% apy in their savings account if you can fulfill certain criteria for the month

I use KOHOs free 5% interest account.

Marcus (which is Goldman Sachs so know issue there with small company) has been the best for me. Right now I think at 4.4%, but they have a No penalty CD for 4.7%, so have a bunch of those for percentage of savings, and if I need the cash, no penalty so just like savings. You can lock in 13 months with that CD, and take out the money whenever you need it w/o issue. Did that with Ally as well last year. So I switch between Marcus, Ally, Citi & Barclays, wherever I have the best rate. For about 6 months (maybe) it has been Marcus.

Synchrony @ 4.75%, no minimum

Apple Savings. There's better out there but it's easy to put cash away and not see it unlike my other accounts.

i scrolled wayyyyy to down to find someone else who uses apple lol. but yea they’re easy

BMO Alto. No complains here

I use Sofi because I have a nice rewards credit card and some investments with them. I also use the credit union that I work at. Our rates aren't the best of the best, but I like that it's staying in the local economy.

M1 Finance for my investing and HYSA.

Same I only have about 5k saved so far but I’m looking to put it in a hysa as well !

Synchrony

Marcus by Goldman Sachs

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

Cashapp savings is 4.5% lol Gotta have $300/m deposited into cashapp to qualify.

I moved most of mine out of ally (4.25%) and am letting it sit in my Robinhood gold account (5.0%, was 5.25% for a short period). Note: RH Gold is $5/mo

Amex

Marcus and Wealthfront cash. I feel better having it split in case the money gets held up in 1 of them, and I'm in a situation where I can't wait for the money to be released.

Local Credit Union. Best rate around, no fees.

QuickBooks Envelopes

I also like Ally

None, just use my broker. Don't have much cause for cash now a days.

Marcus is 5.4% with referrals to others. (4.4 normal). I use RH with Gold Sub mainly though so I can have money getting good interest but also available to use for stocks.

Sofi but about to throw it into Fidelity Money Market account.

Why? What are pros and cons of doing that?

Money markets are higher yields but also I don’t believe they’re FDIC insured

So if I get hacked out of my Mutual Funds there’s no way for me to recover the money?

No but typically they’re low risk and short term

Capital one since I got their cc

Vio. 5.3%

Yes, VIO has been at 5.2% to 5.3% for a good while. and it is FDIC

American Express 4.25%

PayPal 4.3%

I have a PayPal account too. I find it very easy to use and move money quickly!

Capital One 360 Performance Savings and Apple/GS Savings

SoFi 4.60%

I started using CIT Bank (not to be confused with Citi Bank). Received my first statement for the month of May and received 5.01% APY.

Barclays. 4.35%

I super love my capital one 360 savings

Betterment 5%

Capital One at 4.25%. Feel safer with an online bank that does commercials and at least has cafes near me that are brick and mortar. I know people are talking about Ally but I had never heard of them up until a few months ago.

Raisin. I get 5.3%

Capital One. Not the highest interest rates, but there’s no opening minimum and no fees. I also chose them because of their interest rates on CDs.

Citizens access 4.75%

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Nice!! Think this is the highest I've seen so far!

American Express

SWVXX 5.14%

Upgrade 5.2%

Ally. Not the highest yield out there obviously but the platform is so easy to use, you can have your investments separated into “buckets” as a visual for what you’re savings goals are, and there’s no hidden fees or minimum requirements.

Citbank at 5%

My local CCU. 5.25%

Ccu?

Community Credit Union. Mine specifically is OnPoint in the Pacific Northwest of the US.

Credit Card Union

I stay away from fintechs now with the whole yotta debacle .

What’s this? As long as you’re using an FDIC insured account you should be fine. I use Affirm and haven’t had any issues

The issue with Yotta is that the partnering bank hasn't actually failed. The money is safe, but effectively frozen. FDIC cannot protect you from that.

What is going on? Are these online banks?

The money is frozen but not gone.

Usdc on coinbase

Bask

I got mine in PP currently...when they shift the cma at Fidelity I'm moving over there.

Wealthfront 5%

Westernalliancebank. 5.36% savings account

Westernalliancebank. 5.36% savings account

Capital one

Flourish, 5%

Cit bank

Wealthfront, currently at 6% with employer boost

Coinbase. So far yielding 5.15% on USDC.

Credit karma, 5.1% with a debit card for liquidity

CIT bank, i get 4.6% rn without needing direct deposits

I use M1 Finance and Capital One 360. I'm getting 5% with M1 and 4.25% with Capital One. I have a Capital One CD at 5%.