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High yield savings accounts



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amother
OP


 

Post Wed, Aug 07 2024, 6:07 am
Which one do you recommend?
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amother
Blue  


 

Post Wed, Aug 07 2024, 7:25 am
CIT
It's over 5%
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nolacola




 
 
    
 

Post Wed, Aug 07 2024, 7:28 am
Betterment was at 5% 2 weeks ago.
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amother
Royalblue  


 

Post Wed, Aug 07 2024, 8:55 am
What happens if the rate goes down? Do people switch to a different bank?
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STovah




 
 
    
 

Post Wed, Aug 07 2024, 9:05 am
amother Royalblue wrote:
What happens if the rate goes down? Do people switch to a different bank?


Typically when rates go down, they go down at all banks. My experience with CIT is that their rates were still higher than the traditional banks so I just kept my money there anyhow.
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lavendar310




 
 
    
 

Post Wed, Aug 07 2024, 9:22 am
Weapthfront. Online bank and you can take out up to 50k day of
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amother
Dill


 

Post Wed, Aug 07 2024, 11:03 am
Robinhood.
About 5.5%.
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amother
  Blue


 

Post Wed, Aug 07 2024, 11:08 am
amother Dill wrote:
Robinhood.
About 5.5%.


Robinhood is 5%

Definitely not 5.5%
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amother
White


 

Post Wed, Aug 07 2024, 11:12 am
I use American Express
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amother
  Royalblue


 

Post Wed, Aug 07 2024, 11:36 am
STovah wrote:
Typically when rates go down, they go down at all banks. My experience with CIT is that their rates were still higher than the traditional banks so I just kept my money there anyhow.

Got it, thanks
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amother
Papayawhip


 

Post Wed, Aug 07 2024, 11:39 am
amother White wrote:
I use American Express


Same
Have seen great return
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stillnewlywed




 
 
    
 

Post Wed, Aug 07 2024, 12:40 pm
I use Marcus by Goldman Sachs
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