Your savings account is giving you approximately ~$4,000 annually at 4%. Your T-Bills give you approximately ~$5,000 annually at 5%. Dancing around and considering t-bills now or in 3 months or 6 months VS Ibonds VS HYSA is just a ton of thought and consideration to juggle the difference of maybe $80-$120 a month depending on what you're ...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 … Recommendations for HYSA? : r/Bogleheads. Go to Bogleheads. r/Bogleheads. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. Jack founded Vanguard and pioneered indexed mutual funds. Looking to put money in the Everbank HYSA performance savings account which has 5.15% APY. Would like to hear some experiences from current customers of this bank. How is the customer support, app interface etc.? ... This subreddit has gone dark as part of a mass protest against Reddit's recent API changes, which break third-party apps and ...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 the 13 week T-Bills currently hovering around 4.5%.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 ...galactica_pegasus. • 5 yr. ago. If you think you’ll need the money in <5 years then stick with a HYSA. If you think you won’t need the money for 5+ years then use a taxable brokerage and a broad-market index fund like SCHB or VTI. r/personalfinance. 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. Dec 29, 2565 BE ... They automatically raise interest rates on the HYSA without you needing to do anything. They currently pay 3.3% but there are many others that ...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.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.High Yield Savings Accounts' (HYSA) interest rates will fluctuate all the time, and without warning, according to the national average. Naturally, it's a very competitive market. I highly suspect that this is just an introductory rate to attract new customers, although the current average (for a high yield savings account) is not much lower …Your HYSA APY is now going up by .10%!” They have done this since rate hikes began so they are benefitting from the arbitrage of not heightened rates as they are experienced in … I want to open a HYSA and found that ally and marcus sach are both popular choices but marcus sach has a referral/sign up bonus. Not sure if that bonus is worth it since it is only for 3 months. Which one would you recommend? I currently have $60k in a checking account (Bad. I know. 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. Dividend and Savings are different. Dividend-what you received as a cashback for putting your money in the stock market. More risk than savings because you could lose your initial cost base, but also more upside for returns. Savings-interest rate is received from bank as a thank you for parking your cash with them.Hey y'all, Looking to park ~30k (emergency fund + beginnings of saving for a downpayment) in a HYSA. I've heard good things about Ally, but there are a LOT of options for high yield online banking nowadays, some of which are up to almost 5% interest as of this month. 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. 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. But the service becomes infinitely better once you have AMEX credit cards. You can then link your HYSA to your Amex cards which you can check via the AMEX app. Whether to check your balance, transfer money which you can now do, and even use the account IF NECESSARY to pay down your balance! Mind you both AMEX customer service teams are separate ... 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!). A real bank has to be, if they want my money in a savings account. Look beyond the webpage. There are more options than those two. Capital one is 3% as well as American Express. Both of those are FDIC insured. To echo u/kveggie1, make sure you use an FDIC insured account. Take the time to find the best fit for you.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 ...by Adventurous-Card-273 . View community ranking #37 in Largest Communities. Betterment HYSA @ 4%. Any reviews? Betterment is increasing the APY on their HYSA from 3.75% to 4%. I wanted to see if anyone over … Marcus HYSA Referral code (March 2024) Hey everyone, I have a referral link to open a HYSA with Marcus (Goldman Sachs). I have five spots open. The savings account is at 4.5% APY right now, and if you use my link it'll put you at 5.5% APY for 3 months. Also, once you use my link and open an account, you can also refer 5 people. to maintain the ... SoFi has 1.2% i believe. With a bonus for reaching $3k or $5k and direct deposit. [deleted] • 2 yr. ago. I find Ally's app to be much slower than C1's. Also, Capital One has cafes all around the country if you ever need to deposit cash. r/personalfinance.The best high-yield savings accounts help you grow funds faster than average accounts. The products featured on this page have annual percentage yields, or …To get the daily interest, you could divide $205/365 = $0.56 per day. 2.05% APY is the end result of an unknown APR r compounded monthly for a year, i.e. Hence, r = 2.0309871%, and the daily rate for this year is r / 366. If compounding was daily, change 12 to 365 or 366. If there is no compounding inside a year, then APR = APY.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 …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 ...A real bank has to be, if they want my money in a savings account. Look beyond the webpage. There are more options than those two. Capital one is 3% as well as American Express. Both of those are FDIC insured. To echo u/kveggie1, make sure you use an FDIC insured account. Take the time to find the best fit for you.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…High Yield Savings Accounts' (HYSA) interest rates will fluctuate all the time, and without warning, according to the national average. Naturally, it's a very competitive market. I highly suspect that this is just an introductory rate to attract new customers, although the current average (for a high yield savings account) is not much lower … Ally's HYSA is at 4.25% and Alliant is at 3.10% while I'm seeing more and more financial institutions over 5% on depositaccounts.com. ... Thank you, kind reddit user r/HYSA_Discussion: Community to discuss the best HYSA accounts currently available.UFB Direct. Milli. Zynlo Bank. Synchrony Bank. EverBank. Upgrade. Maximize returns: With APYs often several times higher than those offered by traditional savings accounts, high-yield savings ...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 ...Both are perfectly valid picks; one is cash and the other is an investment. Keep in mind that the MM fund is not "offering" you 2.5%; the actual return will swing slightly with the markets. Pick whichever you like, or from any number of other options. Some people would argue the HYSA is safer given FDIC, but I wouldn't worry too much.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 ...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!).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 use Ally, DCU, and HEBDebit. Your first $1,000 should go to DCU which offers 6.17% APY on amounts up to $1,000 or about $60 a year. Your next $2,000 should go to HEBDebit which offers 6% APY on up to $2,000 or about $120 a year. Between DCU and HEB, you’ll earn about $180 in interest annually on your first $3,000. 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% ...Money market higher than the savings account. Short term and raise your rate CDs have stopped increases. 12 & 18 month outperforming multi year CDs. Penalty on the 12 month is 60days interest for early withdrawal. At this point, maybe a small …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 ...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.Welcome to the HYSA's (unofficial) Reddit page! If you're a student and want your username to be listed here, PM u/BalinKingOfmoria. Students so far (who want to be listed): u/BalinKingOfMoria. u/Lightbikemaster (hope you don't mind, buddy). Fun facts: This uses the truly incredible Naut theme based off of Google's Material Design. Check it out!To get the daily interest, you could divide $205/365 = $0.56 per day. 2.05% APY is the end result of an unknown APR r compounded monthly for a year, i.e. Hence, r = 2.0309871%, and the daily rate for this year is r / 366. If compounding was daily, change 12 to 365 or 366. If there is no compounding inside a year, then APR = APY.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 APY will be locked in for however long you set the duration to. downside is that you won’t be able to …If you don’t have a short term need for the cash, like an emergency fund, putting it in an index fund, will be better. Long term like 5 to 10+ years will offset any volatility. But it sounds like you don’t have an emergency savings. If true, I would recommend building up a savings account that is enough for 6 months to 1 years worth of ...Best HYSA accounts you would recommend and why. I’m interested in getting a HYSA. I’ve wanted to know what you would recommend regarding a bank with a good rate as well …The immaterial HYSA yield loss from not using one of the 100 other 2%+ banks is more than made up with instant liquidity between checking <--> savings. MMF's pay more than those other HYSA banks, are easier to access if Schwab is your primary checking, and will adjust faster to rate changes without you having to constantly … r/amex. Immerse yourself in a universe of benefits within the American Express community. Unlock a constellation of exclusive rewards, preferential pricing, and unparalleled customer service, crafted to illuminate your life's aspirations. Glide through your travels with elegance, secure coveted treasures, and tailor your financial journey with ... Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...Money market higher than the savings account. Short term and raise your rate CDs have stopped increases. 12 & 18 month outperforming multi year CDs. Penalty on the 12 month is 60days interest for early withdrawal. At this point, maybe a small …Jan 16, 2566 BE ... CDs lock your rate in for X months while HYSA can fluctuate based on the current interest rates. Otherwise, no reason not to use them. Recommendations for HYSA? : r/Bogleheads. Go to Bogleheads. r/Bogleheads. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. Jack founded Vanguard and pioneered indexed mutual funds. 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 ... 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 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.Nov 26, 2565 BE ... There isn't a catch. As the other response, HYSA does not have check writing (as opposed to checking), and more often than not, it's federally ...A few reasons: brick and mortar locations have value. withdraw specific denominations of cash. deposit cash. notary services. people see the signs for bank branches and don't see signs for online banks. I personally use a brokerage account as a checking/savings account, and I think it works well. 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. 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 insignificant) risk and yield. 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. If you don’t have a short term need for the cash, like an emergency fund, putting it in an index fund, will be better. Long term like 5 to 10+ years will offset any volatility. But it sounds like you don’t have an emergency savings. If true, I would recommend building up a savings account that is enough for 6 months to 1 years worth of ...Which banks do you trust and have a HYSA with? Thank you. CIT 5.05% (minimum of $5000) or Redneck Bank 5.05% (no minimum but limited to 100k). Also consider Raisin, it’s a custodian intermediary that lets you easily move between multiple banks (still FDIC insured). They currently have two banks with 5.25%. HYSA alternatives on Fidelity or Schwab? Money market funds at these brokerages have very good +4% APYs. (SPRXX, SNVXX) Both also offer checking with very good benefits, no fees and I’ve had good experience with their customer support. It seems to me that these might be a replacement for an HYSA/Checking account, on top of also holding ... Marcus HYSA Referral code (March 2024) Hey everyone, I have a referral link to open a HYSA with Marcus (Goldman Sachs). I have five spots open. The savings account is at 4.5% APY right now, and if you use my link it'll put you at 5.5% APY for 3 months. Also, once you use my link and open an account, you can also refer 5 people. to maintain the ... 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 …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.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.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 …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...galactica_pegasus. • 5 yr. ago. If you think you’ll need the money in <5 years then stick with a HYSA. If you think you won’t need the money for 5+ years then use a taxable brokerage and a broad-market index fund like SCHB or VTI. r/personalfinance. 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. Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a...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.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 detrimental, and in whatever …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 ...Your HYSA APY is now going up by .10%!” They have done this since rate hikes began so they are benefitting from the arbitrage of not heightened rates as they are experienced in …Have used MB for 6+ months now-- HYSA only. Raised my rate to 5.5% automatically (started at 5.25%) a& the trans. time has gone back to 5 days if I initiate the transfer order from Milli rather than initiate from my brick & mort. bank. So far, my simplistic use experience has been positive. Reply reply.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...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.
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. . Employment web sites
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.HYSA still serve a purpose, they are not really designed to make you significant money, instead, they are more designed to protect the money you have for certain goals, like an emergency fund, downpayment, etc. Money you don't want to put at risk by investing. HYSA recommendations. Investing Questions. Any HYSA recommendations or referrals? Archived post. New comments cannot be posted and votes cannot be cast. Sort by: Open comment sort options. weedmylips1. • 8 mo. ago. Put in vanguard settlement account that's invested in VMFXX currently getting 4.75% junger128. • 8 mo. ago. HYSA is the same thing as a regular savings account just with a competitive rate of interest paid. By competitive, I mean that it still sucks, but it sucks less than most other banks. HYSA is restricted the same way savings accounts typically are. Checking "pays you" by processing transactions and checks for free.High Yield Savings Accounts' (HYSA) interest rates will fluctuate all the time, and without warning, according to the national average. Naturally, it's a very competitive market. I highly suspect that this is just an introductory rate to attract new customers, although the current average (for a high yield savings account) is not much lower …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 would compare ibonds to a 6 month CD, as the rate of the ibonds is guaranteed 6 months. If rates drop, you only get 5% for 3 months. Still 5% is a good bit better than 4.3% and would probably average out unless the CD rates drop a lot from months 4-6. Also just happens that a Fidelity 6 mo CD is the same rate though.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 detrimental, and in whatever …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 …High Yield Savings Accounts' (HYSA) interest rates will fluctuate all the time, and without warning, according to the national average. Naturally, it's a very competitive market. I highly suspect that this is just an introductory rate to attract new customers, although the current average (for a high yield savings account) is not much lower …Someone please help me understand HYSA compound interest! Other Hello, I am totally new to savings, interest, and more specifically, my HYSA. I need help understanding. ... The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.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 monthly.MMF will have slightly more risk than MMA/HYSA. MMA is basically the same as a HYSA with respect to risk. However, the risk difference between them is negligible from a practical standpoint. MMF APY will be the most immediately responsive to Fed rate changes. The holdings and the management fees are transparent.To take it one step further, assuming you are single and that $40,210 is your total income - then the IRS link below tells you that the standard deduction for a single person is $13,850. So your taxable income will be $40,210 - $13,850 = $26,360. The same link tells you that you will be in the 12% tax bracket (between $11,000 and ….