Current Events > Best banks that gives high interest back in savings account?

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BigB0ss13 02/23/24 4:28:11 PM #1:	That aren't online only? I got a good amount saved up but only get like $10 from the bank every year. I've been lazy to do research or take action to go put my money in a better bank but I guess it's better late than never <cite>BigB0ss13 posted [p:979005160] in Best banks... [t:80704269]...</cite> <quote>That aren't online only? I got a good amount saved up but only get like $10 from the bank every year. I've been lazy to do research or take action to go put my money in a better bank but I guess it's better late than never </quote> ... Copied to Clipboard!
Harpie 02/23/24 4:34:56 PM #2:	Online only is not a bad option. Its very easy to move money around as needed. Any of the ones in the link below are good, but I use Marcus which has 4.5% APY. I make like $20 a month on $5k rn https://www.forbes.com/advisor/banking/savings/best-high-yield-savings-accounts/ --- in a constant state of confusion <cite>Harpie posted [p:979005267] in Best banks... [t:80704269]...</cite> <quote>Online only is not a bad option. Its very easy to move money around as needed. Any of the ones in the link below are good, but I use Marcus which has 4.5% APY. I make like $20 a month on $5k rnhttps://www.forbes.com/advisor/banking/savings/best-high-yield-savings-accounts/ </quote> ... Copied to Clipboard!
BigB0ss13 02/23/24 4:45:03 PM #3:	Harpie posted... Online only is not a bad option. Its very easy to move money around as needed. Any of the ones in the link below are good, but I use Marcus which has 4.5% APY. I make like $20 a month on $5k rn https://www.forbes.com/advisor/banking/savings/best-high-yield-savings-accounts/ It's risk free with only online banks? I think I remember some online only banks recommended but I'm not familiar with how that works <cite>BigB0ss13 posted [p:979005449] in Best banks... [t:80704269]...</cite> <quote>Harpie posted... </cite><quote>Online only is not a bad option. Its very easy to move money around as needed. Any of the ones in the link below are good, but I use Marcus which has 4.5% APY. I make like $20 a month on $5k rnhttps://www.forbes.com/advisor/banking/savings/best-high-yield-savings-accounts/</quote>It's risk free with only online banks? I think I remember some online only banks recommended but I'm not familiar with how that works </quote> ... Copied to Clipboard!
Harpie 02/23/24 4:46:00 PM #4:	BigB0ss13 posted... It's risk free with only online banks? I think I remember some online only banks recommended but I'm not familiar with how that works Yes, online or not it is FDIC insured --- in a constant state of confusion <cite>Harpie posted [p:979005468] in Best banks... [t:80704269]...</cite> <quote>BigB0ss13 posted... </cite><quote>It's risk free with only online banks? I think I remember some online only banks recommended but I'm not familiar with how that works</quote>Yes, online or not it is FDIC insured </quote> ... Copied to Clipboard!
BignutzisBack 02/23/24 4:48:41 PM #5:	If you refuse online only banks you're getting a garbage rate that won't keep up with inflation --- http://i.imgur.com/plA0Vg9.gif https://media.giphy.com/media/dgK22exekwOLm/giphy.gif <cite>BignutzisBack posted [p:979005511] in Best banks... [t:80704269]...</cite> <quote>If you refuse online only banks you're getting a garbage rate that won't keep up with inflation </quote> ... Copied to Clipboard!
Mearcstapa 02/23/24 4:55:06 PM #6:	You can get better risk-free rates (~5.4% currently) using a brokerage account to buy short-term Treasury bonds or shares in a fund like TFLO or USFR that are invested exclusively in treasury bonds. --- after years of waiting nothing came <cite>Mearcstapa posted [p:979005625] in Best banks... [t:80704269]...</cite> <quote>You can get better risk-free rates (~5.4% currently) using a brokerage account to buy short-term Treasury bonds or shares in a fund like TFLO or USFR that are invested exclusively in treasury bonds. </quote> ... Copied to Clipboard!
Turbam 02/23/24 5:00:14 PM #7:	Check out Ally --- ~snip (V)_(;,;)_(V) snip~ I'm just one man! Whoa! Well, I'm a one man band! https://imgur.com/p9Xvjvs <cite>Turbam posted [p:979005715] in Best banks... [t:80704269]...</cite> <quote>Check out Ally </quote> ... Copied to Clipboard!
BignutzisBack 02/23/24 11:34:12 PM #8:	Turbam posted... Check out Ally That's who I use --- http://i.imgur.com/plA0Vg9.gif https://media.giphy.com/media/dgK22exekwOLm/giphy.gif <cite>BignutzisBack posted [p:979011855] in Best banks... [t:80704269]...</cite> <quote>Turbam posted... </cite><quote>Check out Ally</quote>That's who I use </quote> ... Copied to Clipboard!
streamofthesky 02/23/24 11:49:21 PM #9:	I use CIT bank. The Platinum Savings account is at 5.05% right now. They've been pretty good for the ~ 10 years I've used them. Online only. I keep a checking account w/ a local bank and use CIT for most of my savings. <cite>streamofthesky posted [p:979012022] in Best banks... [t:80704269]...</cite> <quote>I use CIT bank.The Platinum Savings account is at 5.05% right now.They've been pretty good for the ~ 10 years I've used them.Online only. I keep a checking account w/ a local bank and use CIT for most of my savings.</quote> ... Copied to Clipboard!
Giant_Aspirin 02/24/24 10:33:24 AM #10:	check out https://www.nerdwallet.com/best/banking/savings-accounts --- I hope something good happens to you today Playing: Headlander <cite>Giant_Aspirin posted [p:979017513] in Best banks... [t:80704269]...</cite> <quote>check out https://www.nerdwallet.com/best/banking/savings-accounts </quote> ... Copied to Clipboard!
BigB0ss13 02/25/24 4:53:28 PM #11:	Turbam posted... Check out Ally BignutzisBack posted... That's who I use I will thanks Giant_Aspirin posted... check out https://www.nerdwallet.com/best/banking/savings-accounts Thanks <cite>BigB0ss13 posted [p:979039043] in Best banks... [t:80704269]...</cite> <quote>Turbam posted... </cite><quote>Check out Ally</quote>BignutzisBack posted... </cite><quote>That's who I use</quote>I will thanksGiant_Aspirin posted... </cite><quote>check out https://www.nerdwallet.com/best/banking/savings-accounts</quote>Thanks </quote> ... Copied to Clipboard!
cuttin_in_farm 02/25/24 4:54:59 PM #12:	Schwab has a bank account that yields interest if you want something that has brick and mortar branches. It wont be for banking services, but still. Why do you want to avoid online banks? --- A show of kindness may not do much help, but a show of cruelty may do much harm. <cite>cuttin_in_farm posted [p:979039059] in Best banks... [t:80704269]...</cite> <quote>Schwab has a bank account that yields interest if you want something that has brick and mortar branches. It wont be for banking services, but still. Why do you want to avoid online banks? </quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 4:56:44 PM #13:	I use a Wealthfront Cash Account. The APY is at least 4.5% but I dont remember what it is at the moment, they raise it every couple months it seems. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979039085] in Best banks... [t:80704269]...</cite> <quote>I use a Wealthfront Cash Account. The APY is at least 4.5% but I dont remember what it is at the moment, they raise it every couple months it seems. </quote> ... Copied to Clipboard!
ZannoL 02/25/24 5:19:59 PM #14:	Ally = 10/10 bank <cite>ZannoL posted [p:979039419] in Best banks... [t:80704269]...</cite> <quote>Ally = 10/10 bank</quote> ... Copied to Clipboard!
Axiom 02/25/24 5:58:52 PM #15:	Credit unions will always have better interest than banks. Look into that instead <cite>Axiom posted [p:979040050] in Best banks... [t:80704269]...</cite> <quote>Credit unions will always have better interest than banks. Look into that instead</quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 6:03:51 PM #16:	Axiom posted... Credit unions will always have better interest than banks. Look into that instead False. My local credit union is 0.30%, which is an absolute joke. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979040134] in Best banks... [t:80704269]...</cite> <quote>Axiom posted... </cite><quote>Credit unions will always have better interest than banks. Look into that instead</quote>False. My local credit union is 0.30%, which is an absolute joke. </quote> ... Copied to Clipboard!
ClayGuida 02/25/24 6:06:31 PM #17:	Vanguard is 5.18% according to google. --- lolAmerica <cite>ClayGuida posted [p:979040169] in Best banks... [t:80704269]...</cite> <quote>Vanguard is 5.18% according to google. </quote> ... Copied to Clipboard!
Axiom 02/25/24 6:29:03 PM #18:	PraetorXyn posted... False. My local credit union is 0.30%, which is an absolute joke. You'll be lucky to get .1 at banks so whether that is a joke or not it is still better <cite>Axiom posted [p:979040477] in Best banks... [t:80704269]...</cite> <quote>PraetorXyn posted... </cite><quote>False. My local credit union is 0.30%, which is an absolute joke.</quote>You'll be lucky to get .1 at banks so whether that is a joke or not it is still better</quote> ... Copied to Clipboard!
whitelytning 02/25/24 6:31:24 PM #19:	I use Marcus by Goldman Sachs. Online only but happy with it. --- ************************************************ http://i.imgur.com/iZdWIKJ.jpg <cite>whitelytning posted [p:979040520] in Best banks... [t:80704269]...</cite> <quote>I use Marcus by Goldman Sachs. Online only but happy with it. </quote> ... Copied to Clipboard!
Tenlaar 02/25/24 6:33:04 PM #20:	Even basic ass Capitol One has a high yield savings account that gives I think 4.35%. But if you aren't worried about needing the cash on hand then CDs are going to give slightly higher rates. <cite>Tenlaar posted [p:979040548] in Best banks... [t:80704269]...</cite> <quote>Even basic ass Capitol One has a high yield savings account that gives I think 4.35%. But if you aren't worried about needing the cash on hand then CDs are going to give slightly higher rates.</quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 6:35:08 PM #21:	Axiom posted... You'll be lucky to get .1 at banks so whether that is a joke or not it is still better You mean aside from all the 4.5%+ examples listed already? --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979040589] in Best banks... [t:80704269]...</cite> <quote>Axiom posted... </cite><quote>You'll be lucky to get .1 at banks so whether that is a joke or not it is still better</quote>You mean aside from all the 4.5%+ examples listed already? </quote> ... Copied to Clipboard!
Slaya4 02/25/24 6:35:32 PM #22:	I've had Ally for years. It's easy. SoFi came later, but if I had to pick id probably go with SoFi now. --- Am I going too hard? <cite>Slaya4 posted [p:979040597] in Best banks... [t:80704269]...</cite> <quote>I've had Ally for years. It's easy. SoFi came later, but if I had to pick id probably go with SoFi now. </quote> ... Copied to Clipboard!
Axiom 02/25/24 6:38:10 PM #23:	PraetorXyn posted... You mean aside from all the 4.5%+ examples listed already? And I can show you 100+ more that are less than .1. What's your point Also some of those from that top 10 are known to be pretty bad Synchrony especially. I wouldn't recommend going with them <cite>Axiom posted [p:979040647] in Best banks... [t:80704269]...</cite> <quote><quote>PraetorXyn posted... </cite>You mean aside from all the 4.5%+ examples listed already?</quote>And I can show you 100+ more that are less than .1. What's your pointAlso some of those from that top 10 are known to be pretty bad Synchrony especially. I wouldn't recommend going with them</quote> ... Copied to Clipboard!
RetuenOfDevsman 02/25/24 6:40:27 PM #24:	Savings accounts have negligible interest across the board. I'm talking like hundredths of a percent. It's just not what a savings account is for. A savings account is for putting money into an insured cookie jar so you can save up for a car or a down payment for a house or etc. If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate. <cite>RetuenOfDevsman posted [p:979040687] in Best banks... [t:80704269]...</cite> <quote>Savings accounts have negligible interest across the board.I'm talking like hundredths of a percent.It's just not what a savings account is for. A savings account is for putting money into an insured cookie jar so you can save up for a car or a down payment for a house or etc. If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate.</quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 6:40:50 PM #25:	Axiom posted... And I can show you 100+ more that are less than .1. What's your point Also some of those from that top 10 are known to be pretty bad Synchrony especially. I wouldn't recommend going with them I dont know what youre on about, as the context of this is that I responded to someone saying Credit Unions are always better with an example to the contrary. Always has a certain meaning. If hed said as a rule of thumb, I wouldnt have said anything. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979040695] in Best banks... [t:80704269]...</cite> <quote>Axiom posted... </cite><quote>And I can show you 100+ more that are less than .1. What's your pointAlso some of those from that top 10 are known to be pretty bad Synchrony especially. I wouldn't recommend going with them</quote>I dont know what youre on about, as the context of this is that I responded to someone saying Credit Unions are always better with an example to the contrary. Always has a certain meaning. If hed said as a rule of thumb, I wouldnt have said anything. </quote> ... Copied to Clipboard!
Tenlaar 02/25/24 6:41:44 PM #26:	RetuenOfDevsman posted... Savings accounts have negligible interest across the board. I'm talking like hundredths of a percent. If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate. Tenlaar posted... Even basic ass Capitol One has a high yield savings account that gives I think 4.35%. <cite>Tenlaar posted [p:979040711] in Best banks... [t:80704269]...</cite> <quote>RetuenOfDevsman posted... </cite><quote>Savings accounts have negligible interest across the board.I'm talking like hundredths of a percent.If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate.</quote>Tenlaar posted... </cite><quote>Even basic ass Capitol One has a high yield savings account that gives I think 4.35%.</quote></quote> ... Copied to Clipboard!
Axiom 02/25/24 6:42:48 PM #27:	RetuenOfDevsman posted... Savings accounts have negligible interest across the board. I'm talking like hundredths of a percent. It's just not what a savings account is for. A savings account is for putting money into an insured cookie jar so you can save up for a car or a down payment for a house or etc. If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate. This guy knows whats up <cite>Axiom posted [p:979040730] in Best banks... [t:80704269]...</cite> <quote>RetuenOfDevsman posted... </cite><quote>Savings accounts have negligible interest across the board.I'm talking like hundredths of a percent.It's just not what a savings account is for. A savings account is for putting money into an insured cookie jar so you can save up for a car or a down payment for a house or etc. If you wanna invest, check out a mutual fund. If you legit need a savings account for savings reasons, don't even worry about the rate.</quote>This guy knows whats up</quote> ... Copied to Clipboard!
whitelytning 02/25/24 7:19:56 PM #28:	Axiom posted... This guy knows whats up Sort of. I mean, yeah, I get the point and he is largely right. If you want to invest you dont use a savings account. But if you are putting money into a savings account why wouldnt you seek the highest interest rate you can find? --- ************************************************ http://i.imgur.com/iZdWIKJ.jpg <cite>whitelytning posted [p:979041326] in Best banks... [t:80704269]...</cite> <quote>Axiom posted... </cite><quote>This guy knows whats up</quote>Sort of. I mean, yeah, I get the point and he is largely right. If you want to invest you dont use a savings account. But if you are putting money into a savings account why wouldnt you seek the highest interest rate you can find? </quote> ... Copied to Clipboard!
Tenlaar 02/25/24 7:21:27 PM #29:	whitelytning posted... Sort of. Except for the "hundredths of a percent" thing not being even remotely true. <cite>Tenlaar posted [p:979041355] in Best banks... [t:80704269]...</cite> <quote>whitelytning posted... </cite><quote>Sort of.</quote>Except for the "hundredths of a percent" thing not being even remotely true.</quote> ... Copied to Clipboard!
ClayGuida 02/25/24 7:22:26 PM #30:	$1,000 in my regions nets me .01 a month (or quarterly, I forget) in interest. That's why I don't keep money in my bank anymore. Just enough to pay bills. I transfer my excess to my Vanguard account where last year I was earning like 5.5% annually. Since the feds dropped the interest rates a little, that I assume dropped too. --- lolAmerica <cite>ClayGuida posted [p:979041371] in Best banks... [t:80704269]...</cite> <quote>$1,000 in my regions nets me .01 a month (or quarterly, I forget) in interest. That's why I don't keep money in my bank anymore. Just enough to pay bills. I transfer my excess to my Vanguard account where last year I was earning like 5.5% annually. Since the feds dropped the interest rates a little, that I assume dropped too. </quote> ... Copied to Clipboard!
BigB0ss13 02/25/24 7:42:58 PM #31:	cuttin_in_farm posted... Schwab has a bank account that yields interest if you want something that has brick and mortar branches. It wont be for banking services, but still. Why do you want to avoid online banks? Just not being knowledgeable about them and thinking of needing an actual building to go to for in person help for whatever reason <cite>BigB0ss13 posted [p:979041671] in Best banks... [t:80704269]...</cite> <quote>cuttin_in_farm posted... </cite><quote>Schwab has a bank account that yields interest if you want something that has brick and mortar branches. It wont be for banking services, but still. Why do you want to avoid online banks?</quote>Just not being knowledgeable about them and thinking of needing an actual building to go to for in person help for whatever reason</quote> ... Copied to Clipboard!
BigB0ss13 02/25/24 7:44:30 PM #32:	Also for banks lets say Ally, how would/should I transfer money there from my existing savings account? I'll probably call them but it would be nice to know now from people here <cite>BigB0ss13 posted [p:979041698] in Best banks... [t:80704269]...</cite> <quote>Also for banks lets say Ally, how would/should I transfer money there from my existing savings account? I'll probably call them but it would be nice to know now from people here </quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 7:47:47 PM #33:	BigB0ss13 posted... Also for banks lets say Ally, how would/should I transfer money there from my existing savings account? I'll probably call them but it would be nice to know now from people here You would add your other account as a linked account in Ally, then just login to Ally and move the money. Could do it the other way around, but that makes less sense. I switched from Wells Fargo to Axos a couple years ago, and thats all there was to it. I will advise you to download all the statements you can get your hands on though just in case you ever need them as evidence (for example, if the IRS audits you). I got bitten in the ass because Wells Fargo only kept so many years worth of statements. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979041749] in Best banks... [t:80704269]...</cite> <quote>BigB0ss13 posted... </cite><quote>Also for banks lets say Ally, how would/should I transfer money there from my existing savings account? I'll probably call them but it would be nice to know now from people here</quote>You would add your other account as a linked account in Ally, then just login to Ally and move the money. Could do it the other way around, but that makes less sense.I switched from Wells Fargo to Axos a couple years ago, and thats all there was to it.I will advise you to download all the statements you can get your hands on though just in case you ever need them as evidence (for example, if the IRS audits you). I got bitten in the ass because Wells Fargo only kept so many years worth of statements. </quote> ... Copied to Clipboard!
Glob 02/25/24 7:52:35 PM #34:	Im currently getting 9.2% interest from TechComBank, but unless you have the right to reside in Vietnam, you wont be eligible. <cite>Glob posted [p:979041837] in Best banks... [t:80704269]...</cite> <quote>Im currently getting 9.2% interest from TechComBank, but unless you have the right to reside in Vietnam, you wont be eligible.</quote> ... Copied to Clipboard!
cuttin_in_farm 02/25/24 7:55:07 PM #35:	BigB0ss13 posted... Just not being knowledgeable about them and thinking of needing an actual building to go to for in person help for whatever reason Do you ever need to visit the physical bank of your current bank? If no, then it doesnt matter. Imo: Everyday personal checking/savings: online banks. Lending needs: Credit union Business banking: Physical banks. --- A show of kindness may not do much help, but a show of cruelty may do much harm. <cite>cuttin_in_farm posted [p:979041878] in Best banks... [t:80704269]...</cite> <quote>BigB0ss13 posted... </cite><quote>Just not being knowledgeable about them and thinking of needing an actual building to go to for in person help for whatever reason</quote>Do you ever need to visit the physical bank of your current bank?If no, then it doesnt matter. Imo:Everyday personal checking/savings: online banks. Lending needs: Credit unionBusiness banking: Physical banks. </quote> ... Copied to Clipboard!
PraetorXyn 02/25/24 8:00:46 PM #36:	Yeah, you only really need a physical bank if you need to get a cashiers check. --- https://store.steampowered.com/wishlist/profiles/76561198052113750 <cite>PraetorXyn posted [p:979041975] in Best banks... [t:80704269]...</cite> <quote>Yeah, you only really need a physical bank if you need to get a cashiers check. </quote> ... Copied to Clipboard!
Northlane 02/25/24 8:02:53 PM #37:	I use CFG Bank --- "It is possible to commit no mistakes and still lose. That is not a weakness; that is life. <cite>Northlane posted [p:979042013] in Best banks... [t:80704269]...</cite> <quote>I use CFG Bank </quote> ... Copied to Clipboard!
BigB0ss13 02/27/24 10:15:22 PM #38:	cuttin_in_farm posted... Do you ever need to visit the physical bank of your current bank? If no, then it doesnt matter. Imo: Everyday personal checking/savings: online banks. Lending needs: Credit union Business banking: Physical banks. i think i been into a bank like 3 times in 20 yrs <cite>BigB0ss13 posted [p:979083756] in Best banks... [t:80704269]...</cite> <quote>cuttin_in_farm posted... </cite><quote>Do you ever need to visit the physical bank of your current bank?If no, then it doesnt matter. Imo:Everyday personal checking/savings: online banks. Lending needs: Credit unionBusiness banking: Physical banks.</quote>i think i been into a bank like 3 times in 20 yrs</quote> ... Copied to Clipboard!
TendoDRM 02/27/24 10:44:57 PM #39:	And FYI, you can withdraw from any ATM and Ally will refund the fees they charge. There's a limit of like 6 (or 10?) times per month, but idk why you'd need to go to the ATM that much. I assume most online banks have similar things. --- Cel Damage! Tonight at 8:00! <cite>TendoDRM posted [p:979084160] in Best banks... [t:80704269]...</cite> <quote>And FYI, you can withdraw from any ATM and Ally will refund the fees they charge. There's a limit of like 6 (or 10?) times per month, but idk why you'd need to go to the ATM that much. I assume most online banks have similar things. </quote> ... Copied to Clipboard!
BigB0ss13 02/29/24 6:16:30 AM #40:	TendoDRM posted... And FYI, you can withdraw from any ATM and Ally will refund the fees they charge. There's a limit of like 6 (or 10?) times per month, but idk why you'd need to go to the ATM that much. I assume most online banks have similar things. Cool <cite>BigB0ss13 posted [p:979106989] in Best banks... [t:80704269]...</cite> <quote>TendoDRM posted... </cite><quote>And FYI, you can withdraw from any ATM and Ally will refund the fees they charge. There's a limit of like 6 (or 10?) times per month, but idk why you'd need to go to the ATM that much. I assume most online banks have similar things.</quote>Cool</quote> ... Copied to Clipboard!
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Current Events > Best banks that gives high interest back in savings account? (+) Yeah! (+)

Current Events > Best banks that gives high interest back in savings account?