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Most are above 4%: https://www.fool.com/the-ascent/banks/the-highest-savings-account-interest-rates-today-april-13-2023/ https://www.fool.com/the-ascent/banks/t

• jaimehrubiks 3y ago
  You are spamming a wrong fact. "Most" are not above 4%, a few are.
  • kristopolous 3y ago
    cool. it takes like 15 minutes to sign up for one such as say https://www.viobank.com/ https://www.viobank.com/ or https://www.baskbank.com/ https://www.baskbank.com/ which are both above 4.5% ... it doesn't have to be "most" just yours. Park 250k in there and you're getting over $950 a month right now. Spread those chunks around multiple banks, assuming you have those chunks, and you'll have a decent modest income while these rates last. And yes, I'm doing exactly this and no, I don't have a day job right now and yes, my overall holdings are still going up. This is an unusually good time to be holding cash. Also I know the trivial inflation arguments about how I'm hypothetically losing purchasing power. But again I don't need hypothetical things to be bought, just mine. Right now it's covering my bills and the number is still rising. This strategy is subject to change without notice.
  • RoyGBivCap 3y ago
    If inflation is above the savings yield no matter what the particular values are, you're still losing purchasing power.