(Reposting 4/10/24 with updates, please let me know what else needs an update)
Here’s a list of the best high interest savings accounts. Get up to 5.50% APY with a basic savings account or up to 5.80% with a basic CD. There are also accounts with requirements that pay even more. We don’t receive any commissions for any of these, and ALL banks are included in this list.
Contents
Best Basic Savings Rates
Leaving money in a regular bank account will usually get you a terrible interest rate. With a little research, we can find accounts that offer competitive rates. These are all ordinary savings accounts with no hoops to jump through, and they are FDIC/NCUA insured up to $250,000 (please verify insured status for yourself with FDIC and with NCUA before using a bank or credit union).
Here are the best options available, rated in APY from highest to lowest:
- MyBankingDirect – 5.55% APY savings
- Poppy Bank – 5.50% premier savings (rate guaranteed for 3 months)(minimum $1,000)($25k monthly withdraw limit)
- Western Alliance – 5.36% high yield savings (review)
- Brio – 5.35% high yield savings (minimum $5,000 to open)
- Brilliant Bank – 5.35% APY surge money market (minimum $2,000 to avoid fee)(see this comment)
- Climate First Bank – 5.34% checking or money market (MM is guaranteed until June 1, 2024)
- Ivy Bank – 5.30% savings ($2,500 minimum; nationwide except for CA)
- Ivy Bank – 5.66% indexed savings account ($2,500 minimum; nationwide except CA)(review)
- Vio Bank – 5.30% APY money market
- TAB Bank – 5.27% savings
- TotalDirectBank – 5.26% money market (balances $2,500-$500,000; not available in FL)
- CFG Bank – 5.25% APY high-yield money market (must maintain minimum $1,000)
- Dime – 5.25% Blue savings (not available in NY, CA)
- Evergreen Bank – 5.25% high yield online savings
- Newtek Bank – 5.25% savings
- Jenius Bank – 5.25% savings
- Fierce – 5.25% cash account (requires iOS app)($30 Swagbucks bonus)
- UFB – 5.25% APY savings account (see this comment and this)
- Republic Bank – 5.21% APY money market (minimum $2,500)(nationwide except IL, IN, WI, MI)
- Upgrade – 5.21% APY everyday/premier/performance savings (minimum $1,000)(see this comment)
- Modern Bank – 5.20% high yield money market (minimum $100,000)
- PopularDirect – 5.20% APY savings (see this comment)
- Comenity ‘Bread’ – 5.15% APY savings
- EverBank (TIAA) – 5.15% APY yield pledge savings
- Western State Bank – 5.15% APY money market (our review)
- Pacific Western – 5.15% savings ($5,000 minimum)
- Customers Bank – 5.14% savings ($25k minimum)(auto-adjusts with fed rate)
- Credit Karma Savings – 5.10% APY (our review)
- Public – 5.10% high yield cash account
- Bask Bank – 5.10% APY savings (our review)
- BMO Harris – 5.10% alto online savings (select markets)
- Primis Bank – 5.07% APY savings and checking (review)
- CIT Bank – 5.05% platinum savings
- BankPurely – 5.05% APY money market (minimum $25,000)(see this comment)
- Salem Five Direct – 5.01% APY eone savings (see this comment)
- CIBC – 5.01% APY savings (minimum $1,000)
- Betterment – 5.00% saving account (our review)(temporary .75% boost to 5.50%)
- Quontic – 5.00% money market
- Laurel Road – 5.00% high yield savings
- Webull – 5.00% cash management account
- Blupeak – 5.00% money market ($300 bonus)
- mph – 5.00% savings
- Dollar Savings Direct – 5.00% APY savings (see this comment)
- Merchants Bank – 5.00% APY money market
- One Finance – 5.00% savings ($5,000 minimum, $100,000 max)(review)
- VirtualBank – 5.00% APY eMoney Market
- Wealthfront – 5.00% APY cash account (signup bonus)
- Lending Club Banking – 5.00% APY savings
- Northern Bank Direct – 4.95% APY premier money market
- NASB – 4.95% APY Interest Savings (check incognito) ($25,000 minimum) (see this comment)
- Redneck Bank / All America Bank – 4.90% APY money market, up to $100,000 (review)
- First Foundation – 4.90% APY money market
- Wise – 4.85% interest feature
- Valley Direct – 4.80% APY savings (12,000 MyPoints signup bonus)
- Sallie Mae – 4.75% APY money market
- Synchrony – 4.75% APY savings
- Milli – 4.75% savings account (requires mobile app)
- Styl Bank – 4.75% APY
- FNBO Direct – 4.75% online savings
- Vanguard – 4.70% Cash Plus account
- Empower/Personal Capital – 4.70% APY cash account (our review)
- PNC – 4.65% high-yield savings (select areas)
- Usalliance – 4.65% APY high dividend savings
- Prime Alliance – 4.50% savings (minimum $10,000)
- Citizens Access – 4.50% APY savings account
- U.S. Bank – 4.50% elite money market (minimum $25,000); valid through 6/13/23
- Colorado Federal – 4.45% APY savings
- Citibank – 4.45% APY savings (not available in all states) (our review)
- Apple Card/Goldman Sachs – 4.40% savings (our review)
- Marcus Bank – 4.40% APY savings
- Live Oak Bank – 4.40% APY savings
- Presidential Bank – 4.37% money market Advantage Checking ($25k-$250k)
- Barclays – 4.35% APY savings
- Mysavingsdirect – 4.35% APY savings (see this comment)
- B1 Bank – 4.35% APY
- Capital One 360 – 4.35% APY savings
- Synchrony Paypal version – 4.30% APY savings
- American Express – 4.30% APY savings account
- Discover – 4.30% APY savings when signing up via this link (standard account 4.25%) (review)
- Third Federal – 4.30% online savings plus (minimum $5,000)
- SFGI – 4.26% APY savings
- Ally Bank – 4.25% APY money market
- Ally Bank – 4.25% APY savings
- E*Trade – 4.25% APY savings
- Elements Financial – 4.25% high yield savings ($10,000 minimum)
- Mutual One – 4.07% premium savings
- Fidelity Bank – 4.00% savings
- First Foundation – 4.00% APY savings
- Northpointe – 3.25% APY ($25,000 minimum to $3,000,000 maximum)
- Alliant Credit Union – 3.10% APY savings
- PenFed – 3.00% APY premium savings
- Fidelity – 2.72% cash management account
- T-Mobile Money – 2.50% APY savings for anyone (4% on up to $3,000 for T-Mobile customers; our review)
- Chime – 2.00% savings
- American Express – 1.00% APY checking account (our review)
- Yotta – .00% savings (plus you get lottery earnings)
Other Basic Options
- Maxmyinterest – 5.36% max savings (see this review first)
- Climate First Bank – 5.34% 6-month no penalty CD
- Robinhood – 5.25% APY for those with Gold membership ($5/month; our review)
- My eBanc – 5.01% APY money market (minimum $100,000)
- M1 Finance – 5.00% APY savings account ($95/year)(our review)
- Morgan Stanley – 5.00% APY Preferred Savings Program
- Merrill Edge Preferred Deposit – 4.92% savings (initial opening needs $100,000)
- USAlliance – 4.80% 11-month no penalty CD
- Marcus – 4.60% APY 13-month no penalty CD
- SoFi Savings – 4.60% with monthly direct deposit of any amount (our review)
- J.P. Morgan Premium Deposit – 4.40% ($100,000 minimum initial deposit)
- Ally Bank – 4.25% 11-month no penalty CD (review)
- Customers Bank – 2.00% APY checking (requires 2 bill payments, otherwise rate is 1%)
- Current – 4.00% APY savings on balances up to $2,000/$6,000 (our review)
- CIT Bank – 3.40% 11-month no-penalty CD
All of these rates will fluctuate over time, and we’re constantly updating this list. There is an advantage to a bank who has a proven track record of giving good interest rates since some of the top rates might be ‘bait-and-switch’ soon to be lowered. Banks like CFG, Discover, Marcus, Ally and some others have been known to offer competitive interest rates for many years. Their rates will also fluctuate but will likely always be a good rate. See also What’s The Best Simple High-Yield Savings Account?
Another thing to keep in mind is that while most banks automatically increase your rate as interest rates increase, some don’t. We wrote data points on which do and which don’t here. Keep that in mind when choosing a bank.
Most of these are savings accounts, with a few checking accounts mixed in. We wrote about options for getting a high yield on your checking account in this post.
Alternative High-Yield Options
- Government Series I Bonds are currently offering 4.30%, you’re limiting to purchasing $10,000 annually (our review)
- U.S. Treasury Bills (our review)
- Brokerage Money market funds and Bond funds
- U.S. Series EE Bonds
- CD Annuities
- Vanguard VMFXX – 5.26% (more options)
- Fidelity SPAXX – 4.97% (more options)
- Schwab SNVXX – 5.07% (more options)
- Interactive Brokers – 4.83% for IBKR Pro (minimum $10,000)
Best CD Rates
Nationwide CD Offers:
11 Months or Less
- Eagle Bank 5.60% 6-month CD (not in CA, NV, or VT)
- Signature FCU 5.55% 3-month CD (join via ACC)
- Newtek 5.55% 6-month CD
- One American Bank 5.51% 5/11 month CD ($5k minimum)
- Gateway First 5.50% 7-month CD
- My eBanc 5.49% 6-month CD (minimum $50,000)
- Jovia CU 5.30% 8-month CD ($5 to join)
- Heritage Bank 5.30% 6-month CD
- Quorum FCU 5.25% 7-month CD (join with ACC membership free)
- Hanscom FCU 5.25% 6-11 month CD
- Presidential Bank 5.25% 7-month CD
- Blupeak 5.25% 9-month CD
- Credit Human 5.25% 6-11 month CD (join via ACC)
- Synchrony 5.15% 9-month CD
- Bask Bank 5.15% 6-month CD
- BMO Alto 5.15% 6-month CD
- Everbank 5.15% 9-month CD
- CIBC 5.11% 9-month CD
- Brilliant Bank 5.10% 3-month CD
- Elements CU 5.05% APY 8-month CD
- Brilliant Bank 5.05% 9-month CD
- Cit Bank 5.00% 6-month CD
- America First 5.00% 6-11 month CD
- Prime Alliance 4.95% 6-month CD
- Interior FCU 4.54% 6-month CD (free to join via Wildlife Fed.)
- M&T Bank 4.75% 8-month CD
- Bellco CU 4.75% 6-month CD ($5 to join)
- Alliant 4.75% 6-month CD
- Chase 4.50-5.00% APY 2-Month CD ($100k Minimum for 5%) (review)
- Ally Bank 4.40% 8-month CD
12-18 Months
- Schwab up to 5.50% APY brokered CD 12-months (review)
- Vanguard up to 5.30% APY brokered CD 6-18 months (review)
- Fidelity up to 5.25% APY brokered CD 6-18 months (review)
- Merchants Bank 5.92% flex CD 12/24/36 month (rate changes, tied to fed rate) (our review)
- Amboy 5.38% variable rate 2-year CD
- T Bank 5.50% 13-month CD
- NexBank 5.40% 12-month CD (minimum $25,000)
- State Bank of Texas 5.40% APY 12-month CD (minimum $50,000) (our review)
- Alliant 5.40% 12-month CD
- Bask Bank 5.40% 12-month CD
- USAlliance 5.40% 12-month CD
- CIBC 5.36% 13-month CD
- First Internet Bank 5.36% APY 12-month CD
- Brio 5.35% 12-month CD
- Comenity ‘Bread’ 5.35% APY 12-month CD
- Climate First Bank 5.34% 15-month flex CD
- CFG 5.31% APY 12-month CD
- Colorado Federal 5.30% APY 12-month CD
- PopularDirect 5.30% APY 12-month CD ($10,000 minimum)
- My eBanc 5.30% 12-month CD (review)
- Quontic 5.30% 12-month CD
- Seattle Bank 5.25% APY 12-month CD
- CFG 5.31% APY 12-month CD
- Limelight 5.20% 12-month CD
- Live Oak Bank 5.20% 12-month CD
- All in CU 5.12% 12-month CD (join with ACC membership)
- Forbright 5.10% 12-month CD
- Sallie Mae 5.10% 12-month CD
- Blupeak 5.10% 12-month CD
- LFCU 5.09% 1-year CD (join with $10 HOFLC)(see also this post)
- Pacific Western Bank 7/13 month CD 5.05%
- Consumers CU 5.00% 13-month CD
- Marcus Bank 5.00% APY 14-month CD
- Citizens Bank 5.00% APY 12-month CD
- Alliant 5.00% 18-month CD
- Andrews FCU 5.00% 12-month CD (join with $8 ACC donation or use code ANDREWS)
- Capital One 5.00% 12-month CD
- Barclays 5.00% 12-month CD
- Salem Five Direct 5.00% 6-12 month CDs
- Ivy Bank 5.00% 12-month CD
- Quorum FCU 5.00% APY 15-month CD (new money only)
- Connexus CU 4.96% APY 17-month CD (minimum $5,000)(join w/ $5 donation)
- TIAA 4.90% APY 12-month CD
- Discover 4.80% APY 12-month CD
- Union Square CU 4.80% 12-month CD
- Valley Direct 4.80% 12-month CD
- Signature FCU 4.75% 12-month CD (join via ACC)
- Modern Bank 4.75% APY 18-month CD
- Inova FCU 4.75% 12-month CD (join with $5 Tru Direction membership)
- Discover 4.70% APY 12-month CD
- Ally Bank 4.65% 14-month CD
- Cit Bank 4.65% 13-month CD
- DCU 4.60% 12-23 month CD
- PenFed CU 4.50% APY 12-month CD
- Ally Bank 4.45% APY 9/18-month CD
- American Express 3.75% APY 12-month CD
- Citibank 2.71% APY 12-month CD
19+ Months
- Chartway CU 5.30% APY 13 or 23-month CD
- Pelican State CU 5.27% 24-month CD
- Farmers Insurance FCU 5.00% 3/6/9/12/18/24-month (membership via ACC)
- Comenity ‘Bread’ 5.00% APY 24-month CD
- Credit Human 5.00% 18-23 month CD
- Connexus CU 4.76% APY 24-month CD (minimum $5,000)(join w/ $5 donation)
- BMO Alto 4.50% 60-month CD
- NASA FCU 4.45% APY 49-month CD (review)
- U.S. Bank 4.40% 19-month CD
- PenFed CU 4.45% APY 24-month CD
- Fidelity Bank 4.35% 25-month CD
- Capital One 4.10% 5-year CD
- American Express 4.00% 24-month CD
Best Business Savings Rates
- U.S. Senate FCU (USSFCU) 5.18-5.28% APY 24-month CD (join with ACC membership free)
- First Internet Bank – 5.06% APY 12-month CD
- Credit Karma – 5.00% savings for Quickbooks customers
- Wise business – 4.85%
- Live Oak Bank – 4.00% business savings
- TAB Bank – 4.00% money market
- Lending Club Banking – 3.60% APY business savings (review)
- [CT, MA, RI, PA] Owners Bank – between 3.50% and 5.01%
- Newtek Bank – 3.50% business savings
- NBKC Bank – up to 3.25% business CD
- First Internet Bank – 3.25% APY money market savings ($4,000 minimum to waive fee)
- Panacea/Primis – 3.00% business savings
- Bluevine – 4.25% APY business checking (requires $100k and $5k spend to waive $95 fee)
- Bluevine – 2.00% APY business checking (up to $250,000; requires receivables or debit spend)
- NBKC Bank – 2.00% business money market
- American Express Business – 1.30% APY checking account (up to $500,000; plus 30k bonus)
- Paramount Bank – 1.10% business money market ($5,000 minimum to avoid fee)
- Axos Bank – 1.01% APY business checking (up to $50,000)
- Lending Club Banking – 1.50% APY tailored checking (review)
- Newtek Bank – 1.00% business checking
- Usalliance – rate varies from .05% to .60% depending on deposit amount
- Axos Bank – .20% business premium savings
Mega High-Interest (Nationwide)
Aside from basic accounts offering competitive interest rates, there are ultra high-yield options which are more involved and take time and patience to deal with. Bear in mind, all of the best options have velocity limits, sometimes it’s $5k, $10k, $15k, or $20k. You’ll never be netting more than $1,000 in annual interest from any of these accounts, and it’s usually much less than that. Someone who is impatient or doesn’t have spare time would best use a standard high-interest savings account options and forget about the velocity-limited accounts.
Below you’ll find all mega high interest accounts which are available nationwide, and in the next segment we list the regional options.
- Andrews FCU 6% APY Kasasa Cash Checking
- Juno – 5.00% or 5.12% APY (not sure) on up to $5,000
Securityplus FCU 6.00% APY 8-Month CD, Max $50,000 (Plus $100 Referral Bonus)- Fitness Bank 6% APY on up to $25k When You Have An Average Of 10,000+ Steps A Day
- OnPath FCU 7.00% checking on up to $10,000 with qualifications (details here)
- Elevault 5.13% (max $50,000; iOS only)
- Kanza Bank 6.00% on balances up to $20,000
- Pelican State Credit Union Kasasa Checking Account – 6.05% APY On Balances Up To $10,000
- Presidential Bank 4.625% APY Checking On Up To $25,000 (With Requirements)
- Genisys Credit Union 5.25% APY High Yield Checking Account – Up To $7,500
- The Bank Of Denver – 5% APY On Balances Up To $15,000
- Aspiration Spend & Save: 3%-5% APY On Balances Up To $10,000
- Hanscom Federal Credit Union 5% APY, On Up To $6,000
- Elements Financial 5% APY Checking Account, up to $20,000, with requirements
- Service Credit Union 3% APY On Balances Up To $3,000 + 5% savings account on up to $500
- Bank of Missouri 3.05% APY on Balances Up Too $15,000 (nationwide)
- Porte Bank 3% APY On Balances Up To $15,000 + $50 Referral Bonus
- Western Vista Credit Union Rewards Checking 3.00% APY On Balances Up To $15,000
- Varo Money Savings Account – 5% APY (balance less than $5,000)
- Orion Federal Credit Union Premium Checking 6% APY On Balances Up To $10,000 (DD Not Required)
- Consumers Credit Union 4.09% APY On Up To $10,000 Rewards Checking
- T-Mobile Money Review – Earn 4% APY On Balances Up To $3,000 (Requires T-Mobile Account)
- Liberty Federal CU (Evansville): Vertical Dividend 3.45% APY Account, Balances Up To $20,000
- Great Lakes Credit Union (GLCU) – 2.50% Rewards Checking Account Review, up to $10,000
- Signature FCU Rewards Checking 3.50% APY on up to $20,000 [Nationwide]
- MarketUSA Federal Credit Union 3% APY Rewards Checking – Available Nationwide
- Lake Michigan Credit Union: 3% Reward Checking Account On Up To $15,000
- Blue Federal Credit Union 2% – 4% APY on up to $15,000
More Restrictive Options:
- H-E-B Netspend 6% APY Savings Account On Balances Up To $2,000
- Blue Federal Credit Union 4.99% APY Account (Up To $1,000)
- Premier Members Credit Union Reverse Tiered Money Market Account – Up To 2% APY on $2,000
- DCU 6.17% APY on balances up to $1000
- Netspend Prepaid 5% Interest Rate on up to $1,000
- KaiPerm Credit Union 6% APY Account On Balances Up To $1,000 (Membership Restricted)
- Workers Credit Union – .56% to .85% APY savings rate, special rate of 3.61% on first $1,000
Mega High-Interest (Regional)
Below are the regional accounts we’ve reviewed on the site. There are many more as well.
- Maryland: First Financial FCU 6.09% 9-Month CD
- Parts of Nebraska, Iowa: Metro CU 6.00% 13-month CD
- Texas, Oklahoma: Union Square Credit Union 4.50% APY On Balances Up To $25,000
- North Carolina, South Carolina, Virginia, Georgia, Tennessee: Truliant FCU 6.25% CD
Louisiana, Arkansas: CNext Bank 7.00% APY Checking Account On Up To $30,000 - Ohio: Buckeye State Bank 5% APY On Balances Up To $15,000
- Iowa: Advantage Credit Union 6% APY 12 Month CD
- Parts of Texas: Keystone 6% on up to $50,000
- Texas, Mississippi, Louisiana: Origin Bank Performance Checking: 6% APY, Balances Up To $40,000
- Texas, Nevada, Michigan: InTouch Credit Union High Yield Checking Account – 6.17% APY On Balances Up To $30,000
- Iowa, Nebraska, Minnesota, South Dakota: Iowa State Bank 3.25% APY on up to $25k
- Arkansas, Indiana, Nevada, North Carolina, Ohio, Michigan: United Federal Credit Union: Ultra Checking Account – Earn 3% APY On Balances Up To $15,000
- Maryland, Delaware: Destinations Credit Union: 3% Reward Checking Account, Up to $10,000
- Wisconsin, Illinois: Landmark Credit Union 7.50% APY High Rate – Balances Of Up To $500
- Virginia, North Carolina: Beacon Credit Union 5.05% APY On Balances Up To $2,500
- Wyoming, Nebraska: Meridian Trust Federal Credit Union 3% APY On Balances Up To $15,000
- Illinois, Iowa: South East National Bank 3% APY On Balances Up o $10,000
- Arkansas, Mississippi: First Financial Bank 4.33% APY on Balances Up To $15,000 – Direct Deposit Not Required
- Parts of Arizona, California: Meriwest Credit Union 2.50% savings account on up to $5k [must be opened within 30 days of joining]
- Arizona Branches: Sunwest Credit Union 5.12% APY 12-Month CD (Unlimited)
- California, Illinois, Missouri: First Bank 4.59% APY on up to $25,000
- Alabama: Guardian Credit Union 4% APY On Balances Up To $30,000 Ultimate Checking Account
- Florida: Liberty Savings Bank 1% APY On Balances Up To $25,000; 1.5% Savings Account On Up to $50,000; $25 Referral Bonus
- Georgia (partial): MidSouth FCU 5% APY Checking Account on up to $10,000
- Illinois: Hometown Community Banks 4.01% APY Checking Account (10 Debit Card Transactions Required)
- Indiana: Interra Credit Union 5% APY On Balances Up To $10,000
- Iowa Premier Bank 5% APY Checking on Balances up to $5,000
- Kansas: State Security Bank 3% APY On Balances Up To $10,000 – Direct Deposit Not Required
- Louisiana: Bank of Ruston: Priority Checking Account 3% APY On Balances Up To $15,000
- Louisiana: La Capitol Federal Credit Union 4.25% On Balances Up To $5,000 – Direct Deposit Not Required
- Louisiana: Bank of Montgomery (BOM) 4.07% Premium Account On Balances Up To $15,000
- Maryland: Freedom Financial Credit Union 3% APY on balances up to $10,000
- Michigan: First United Credit Union 4% APY + $50 Bonus ($10,000 Limit)
- Michigan: Consumers Credit Union 4% APY
- Michigan (nationwide?): Chief Financial Credit Union 5.00% APY – No Direct Deposit Required
- Michigan: Arbor Financial CU 4% Checking On Balances Up To $15,000
- Michigan: Financial Plus Credit Union 4.15% APY On Balances Up To $10,000
- Michigan: Adventure Credit Union – 4% APY On Balances Up To $10,000
- Michigan: Kellogg Community Credit Union 4% APY Checking Account On Balances Up To $15,000
- Michigan: AAA High-Yield Checking – 2.85% On Balances Up To $10,000
- Michigan: Dort Federal Credit Union 6.5% APY On Balances Up To $10,000
- Minnesota: St Paul Federal Credit Union 4.99% On Balances Up To $20,000
- Missouri: Legacy Bank & Trust i-Profit 4% APY on Up To $10,000
- Missouri: Ozark Bank 3% APY Checking on Balances up to $10,000
- Missouri: Hawthorn Bank 3.01% APY On Balances Up To $30,000
- Nebraska: Liberty First Credit Union 3% APY On Balances Up To $30,000
- In parts of New York: Solvay Bank 4% APY Checking on Balances up to $15,000
- In New York: Apple Bank Youth (6-17) Savings Account: 3% APY On Balances Up To $10,000
- Ohio: Bridge Credit Union 10% APY Account On Balances Up To $1,500 (Lots Of Monthly Requirements)
- Oregon: Oregon Community Credit Union (OCCU) – 5.25% APY On Balances Up To $500 Ignite Savings Account
- South Dakota: Reliabank Ultimate Checking – 3.51% APY On Balances Up To $25,000 – Direct Deposit Not Required
- El Paso, Texas only: Evolve FCU Rewards ePriority Checking Account – 3% APY On Balances Up To $10,000
- Texas: Neighborhood Credit Union 4.25% APY On Balances Up To $50,000 + $200 Bonus
- Washington: STCU 5.09% APY on balances up to $500 with no requirements
- Washington: Canopy Credit Union offering 6.17% APY on first $25k
- Washington, Oregon, Idaho: Gesa 7.00% APY on $500 in Savings (no requirements) and $5,000 Checking (requirements) (our review)
- Wyoming: WyHy FCU 3% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required
- Select counties: Uncle Credit Union 6% on up to $25,000 with qualifications (join via FFA)
Merrill Preferred Deposit down to 4.71%
Just noticed Pelican still says up to $10K on this list, but it’s been $20K for quite a few months now.
Ooh nice, thanks!
Nice CU so far. Everything works and no BS from them.
Anyone have experience with Northern bank direct ? Their 12 month CD rate is 5.60 APY.
I had a CD with them and they paid as promised.
Applied online yesterday (Saturday) and received a message that it couldn’t be processed, with a phone # provided. I’ll call tomorrow.
So I just called # the website gave me. After following multiple prompts, I was on hold for 15 minutes with no one picking up. I read through the FAQ in its entirety during this time and noticed that beneficiaries cannot be listed. Hard pass.
SCCU went from 7.00 to 5.7%
Ouch, thanks for the heads-up! Where are you seeing that?
I’m seeing 3.4% now. Time to go?
Are you by any chance holding 25k in there? I think 3.4% would be what you get if you held 25k in there because last I checked, the limit for 7% is down to 7k. Maybe I’m off base.
delete, I thought my math was wrong but it wasn’t
That must be it. Yeah, I was as 25k and not watching close
Mine is still showing 7%, and I am holding $7k in it.
They have reduced the maximum amount that earns 7% to $7k effective Apr 10. The amount between $7k-$25k will earn only 2%.
Please read your e-statement for Feb 29.
Applied for MBD and went pending?
I hope that you are approved for 2 reasons. 1st of all, I always hope for the best for decent people. 2nd of all (and selfishly), if you get approved, you will be able to answer the questions me and
Stephanie Adams have about MBD that 
Paul Wilcox has so far failed to answer.
I’m not trying to get approval for anything. I think you are confusing me with someone else. I’ve had a MBD account for over a year but have very little money in it. I use CFG for almost everything.
I am not confusing you with someone else. Below is the link to my reply to you where I asked you the questions. It seems that this reply indirectly answered my 1st question so there’s only the 2nd question left.
https://www.doctorofcredit.com/high-interest-savings-to-get/#comment-1829019
Don’t rush back to answer my question as I got the answer myself by calling into CS.
What is YOUR PROBLEM! I don’t answer one of your questions, so you get all butt hurt and trash me! I’m NOT your financial consultant! I’m not obligated to give you anything! In the future I just won’t respond to anything here ever again, how about that!
I try to treat people the way that I want to be treated. That’s why I always make an effort to reply to people that tag me and ask me questions. If I don’t know an answer, I will tell them. If I don’t like someone, I don’t pretend that I do.
You earlier wrote “I think you are confusing me with someone else.”, which implied that I was somehow in the wrong.
I proved to you that I wasn’t wrong but you didn’t acknowledge that until now when you completely overreacted.
It’s no surprise that a bunch of people already upvoted your comment as that seems to be a pattern with comments that bash me. I’m betting that most of those people are people that I have helped at one point and have also ignored my questions.
Good day to you, sir.
Have you EVER once considered that maybe YOU ARE THE PROBLEM! I’m not obligated to ever answer anyone’s questions! I didn’t over-react, but you were certainly being a jerk! I’m done!
Eric, no one is going out of their way to bash you. IMO, it’s completely unreasonable to expect an answer in a public forum. Either people answer, or don’t have one for you, or they don’t get notifications that you had tagged them, or maybe they did and forgot to circle back, or they don’t feel like it. I agree with Paul that he doesn’t owe you anything.
Just so you know, I thought your response to Paul “Don’t rush back to answer ..” was quite rude. So you found out the answer, but instead of posting the transfer limits in case it helps someone else, you chose to call someone out instead. How is that helpful? (This is rhetorical; I don’t actually want an answer.)
I understand that you told me that you don’t want an answer but I would like to reply anyway on all of your points.
I don’t agree with your contention that “no one is going out of their way to bash you.”. I can find other comments where people have unfairly bashed me and many people upvoted the comments. I won’t in this case as I really don’t want this post to go off the rails.
You are a regular commentator here so I am sure that you read the long comment that I wrote to
Jack 2 or 3 months ago in the “Contact Us” post. I clearly noted that many people ignore my comments.
Do you see me call out and embarrass every one of them? No, I don’t. I gave
Paul Wilcox several chances to reply to me before I got frustrated about it. If you paid attention, in my 2nd tag to him I simply wrote that “he hasn’t responded to them yet.”
That is not rude at all and I was giving him the benefit of the doubt that he had simply missed my initial reply to him. A decent person would see that and ask what occurred.
Instead, he pointed the finger at me accusing me of confusing him with someone else. One thing that I hate more than anything else is being accused of something that I did not do. That is why I acted like a “jerk” to him. It was not because he ignored my reply. I am very used to that at this point.
I am really glad that you noted that I didn’t post the transfer limits. I purposely did that to prove a point. I bet that I post more DP and helpful info on this site than almost anyone else.
I rarely get any kind of appreciation for that. Don’t get me wrong. There are people (such as Stephanie) that do show their appreciation.
I work especially hard to help those people out. That is why I was dismayed that Paul still didn’t reply when I nudged him in my long helpful reply to her. It would be nice if people would give me credit for how I go out of my way to help people than bash the supposed flaws that I have. I understand that’s not how the world works but it would be nice if it did work that way.
FYI, the woman on the phone told me that the transfer limits for MBD vary but they are at least $50K per day and $100K per month both incoming and outgoing. However, they have 3 day transfers so they would not make a good hub account, in my opinion.
Sorry, there’s 1 other point of your comment that I forgot to respond to earlier.
You wrote “I thought your response to Paul “Don’t rush back to answer ..” was quite rude.”
Unlike the comment that I made about
ShawntheShawn in the M&T post that snailrock called me out for, I agree with you that the comment that I made to Paul was rude. However, I don’t agree that it was “quite rude” as I could have said much worse.
Since I am not a hypocrite, I have to call you out for this just like I did to snailrock in that M&T post. I don’t recall you ever defending me when people (mainly 1 person) have made rude comments toward me.
I hope that you won’t claim ignorance like snailrock did. I am 99% sure that you are subscribed to at least some of those posts where people have made rude comments toward me.
I don’t mind if you call me out when I am wrong but at least hold everyone to the same standards. I am very disappointed that you would call me out for the rude comment that I made while not calling out others for the rude comments that they’ve made toward me (and others).
Moreover, I feel that I was in the right to make a rude comment toward
Paul Wilcox because he accused me of something and then didn’t apologize when I proved him wrong.
In almost all of the rude comments that were directed at me (especially from that 1 specific person), they were completely unfair and unprovoked. They were also much more mean-spirited than my comment toward Paul.
You’re taking it far too personally. We’re all helping each other here and some personalities aren’t the type to go back and say thank you and some are. Some will jump to answer every question, some don’t. Different strokes for different folks. I have asked questions and not gotten answers, it happens. Or I’ve been asked a question I don’t follow up on. I don’t always get the notifications or more likely, see the notification and get distracted and not get back to it.
Unfortunately, one cannot operate in the online world as IRL. There are fewer thank yous, a lot more conflict, and a horrible amount of spelling and grammatical errors.
I appreciate your thoughtful and sensible response. It’s very possible that you are one of the people that has not responded to 1 or more of my questions that I have asked on DoC.
However, I would NEVER call you out like I did
Paul Wilcox if that were to occur.
You are a very helpful contributor on this site so I would certainly give you the benefit of the doubt and simply tag you again if I wanted/needed a response from you.
What’s truly unfortunate here is that this all spun out of control because I was trying to help out a reader (
Stephanie Adams) that had asked for my input on an important decision. I guess the old adage stands here that “no good deed goes unpunished”.
Eric, I get the sense that you expect everyone to behave/use the site like you do. What I was trying to say is that this is simply not the case. I think you’re setting yourself up to be frustrated if you continue to insist that internet strangers live up to your ideal standards.
I just logged into my BluPeak account and noticed that the 5.25% CD was no longer being advertised, like usual. Their rates tumbled and are no longer competitive (ie the 9 month is now only 3.75%). Hopefully, this isn’t a sign to come for the rest of the FI.
4.89% for saving isn’t bad, but yeah I think I’m shopping for 5.25%+ longish term CDs tomorrow
BP is actually 5% APY. 4.89% is the APR. That’s a smart move on your part as rates do seem to be declining all over lately.
Anybody heard of or dealt with Gainbridge Fastbreak annuity?
https://www.gainbridge.io/fastbreak
It is an annuity that kind of behaves like a CD and does not have withdrawal tax penalty if your under 59.5?
3 years currently is 5.45% interest with upto 10 years at 5.3%?
It seems tempting to lock in a good 10 year rate assuming rates will fall lower in the future.
The biggest issue for me it’s not FDIC insured. Only backed by insurer and independent organizations depending on state?
Should I choose MyBankingDirect or Western Alliance for my HYSA? Does anyone have historical information on how long these ones have been at the top? Any advice appreciated. I’d hate to open it and find the rate drops a month later – which I know could still happen. Thanks.
Out of those 2, I would definitely recommend MBD. Even though I have 0 experience with either, I have read that WA doesn’t allow external withdrawals, which is a huge no-no in my book.
Thanks Eric – is there another basic HYSA high on the list that you’d recommend over these two, and if so, why? Thank you for your insight!
I replied to you earlier this morning Eric, but it looks like it didn’t post correctly. Out of the Basic hysa’s listed above, is there another one you’d recommend over these two? If so, please let me know why. Thanks for your insight!
It looks like your other comment did post now. It probably went to moderation because it was your 1st comment using that email address or you didn’t include an email address. I see that you are using your “main” account with this comment so I was able to tag you properly.
Anyway, back to your question. I asked
Paul Wilcox some questions about MBD as I am also interested in getting that account. Unfortunately, he hasn’t responded to them yet.
However, if I was you I would apply for that as it currently has the highest rate. Do you happen to have a Flagstar/NYCB account open? If so, it might be worth to freeze your Chex and apply for MBD to see if it goes through. That’s my plan.
For the other “basic options” (without requirements), the only account that I currently have that is above 5% is Upgrade. However, I haven’t used it as a “hub” account as I am working on a savings bonus so I can’t give too much insight into that either. There is currently a promo for opening that account, so you might want to consider that also.
I have seen a lot of people mention that they have a CFG account and I believe that they only pull EWS and not Chex. That might be a decent option.
For accounts around 5%, I am currently using AA and BluPeak. They are both good accounts but they both have transfer limitations.
To summarize, if I was you, I would apply for MBD and see what happens. If you will happen to have $50K in available funds within the next month or so, you should consider doing the Upgrade promo (there is a post on DoC about it) and getting the decent 5.21% rate.
However, be careful as the referral links in the post are all expired as it seems that
Chuck decided not to listen to my suggestion to create a new referral post. Those old links may or may not work properly.
Let me know what you decide.
Noticed that Primis Novus Checking is still not on the list through discussed here in the comments. At 6% APY on up to $50K, worth adding under Mega High Interest.
When I click on the link it shows 5.07%, not 6%.
Different account. That is Primis Checking which is already on the list. Primis Novus Checking is 6% with a $50K cap.
https://primisbank.com/primis-novus-checking/
Thank you
6% for the first 6 months if you meet the DD requirements ($1200 per month) and then drops back down to 4% after that.
And evidently if you miss a month of dirdep it doesn’t get reinstated after re-establishing. I tried 2 months ago doing a push from sofi after using treas dir the first month and my rate dropped to 4%, (with no notification by the way). So then I used treas dir last month thinking it would go back to 6% after the 16th, but unfortunately it’s still showing 4%. So if you have the 6% now, don’t change anything because you will lose your rate.
6 months is longer than some of the peer accountahbholdnat those rates. It’s worthwhile having on the list.
DD requirement easy to get with just ACH transfers?
The Primis article has people sharing datapoints. Seems like Schwab worked for someone.
https://www.doctorofcredit.com/primis-bank-5-03-checking-savings-accounts/
Would it make sense to initially deposit $48,800 on 1st, direct deposit $1,200 on the 15th, then withdrawl $1,450 on the 30th each month?
Sounds like a reasonable plan, assuming the interest is paid at the end of the month. The withdrawal being closer together would be slightly more ideal.
Primis is on a mid-month statement cycle not calendar month
Yeah, ok. I don’t have an account there, and seem to recall hearing that. Regardless, it’s not necessary to have a two week dip.
Ally Savings and Money Market dropped to 4.20% APY.