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Here are two manually curated lists of the currently highest yielding FDIC-insured deposit accounts in the US: https://phatwalletforums.com/topic/109/best-nati

Here are two manually curated lists of the currently highest yielding FDIC-insured deposit accounts in the US: https://phatwalletforums.com/topic/109/best-nationally-available-high-apy-liquid-accounts https://phatwalletforums.com/topic/109/best-nationally-avail... https://www.doctorofcredit.com/high-interest-savings-to-get/ https://www.doctorofcredit.com/high-interest-savings-to-get/ 4.15% is good, but there are better options, including with big banks like Bank of America (4.50% currently, though with an initial deposit requirement of $100k).

rchaud 3y ago
Good lord. $100k minimum for a 4% yield? In Canada you can get that at any bank with $100 in your account.
- annexrichmond 3y ago
  Can you show us where?
- __turbobrew__ 3y ago
  Yea I don’t think “any bank” will give you 4%. Just checked CIBC and there are a number of conditions and also the bonus interest only applies for the first 4 months on your first account: https://www.cibc.com/en/special-offers/smart-savings-bonus-interest.html https://www.cibc.com/en/special-offers/smart-savings-bonus-i... TD is not even close to offering 4% https://www.td.com/ca/en/personal-banking/products/bank-accounts/account-rates https://www.td.com/ca/en/personal-banking/products/bank-acco... And RBC only gives higher interest rates for 3 months https://www.rbcroyalbank.com/investments/psi/hisa.html https://www.rbcroyalbank.com/investments/psi/hisa.html
  - rchaud 3y ago
    I made a mistake, I equated Savings Account with a GIC (which is like a cashable certificate of deposit). In Canada they can both be referred to as a TFSA, or Tax-Free Savings Account. However the GIC is not like a savings account where there are minimum balance requirements to get an advertised rate.
danr4 3y ago
Where do you see 4.5% in BofA?
- footpath 3y ago
  It's a semi-hidden product called Preferred Deposit under BofA's Merrill subsidiary: https://resources.bankofamerica.com/email/render-resource/40f63f82c67b4b75b2b532918544ee6b https://resources.bankofamerica.com/email/render-resource/40... https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMO... Big banks like Chase and Morgan Stanley have similar deposit products tied to their investment/wealth management arms: https://www.jpmorgan.com/wealth-management/premium-deposit https://www.jpmorgan.com/wealth-management/premium-deposit https://www.morganstanley.com/campaigns/wealth-management/qualifying-cash https://www.morganstanley.com/campaigns/wealth-management/qu... They are not really competitive due to the high initial deposit or total balance requirements, as there are smaller banks that offer higher yields and no requirements. These products mostly function as an incentive for higher net worth individuals to maintain the relationship with their existing big bank.

rchaud 3y ago

Good lord. $100k minimum for a 4% yield? In Canada you can get that at any bank with $100 in your account.

annexrichmond 3y ago
Can you show us where?
__turbobrew__ 3y ago
Yea I don’t think “any bank” will give you 4%. Just checked CIBC and there are a number of conditions and also the bonus interest only applies for the first 4 months on your first account: https://www.cibc.com/en/special-offers/smart-savings-bonus-interest.html https://www.cibc.com/en/special-offers/smart-savings-bonus-i... TD is not even close to offering 4% https://www.td.com/ca/en/personal-banking/products/bank-accounts/account-rates https://www.td.com/ca/en/personal-banking/products/bank-acco... And RBC only gives higher interest rates for 3 months https://www.rbcroyalbank.com/investments/psi/hisa.html https://www.rbcroyalbank.com/investments/psi/hisa.html
- rchaud 3y ago
  I made a mistake, I equated Savings Account with a GIC (which is like a cashable certificate of deposit). In Canada they can both be referred to as a TFSA, or Tax-Free Savings Account. However the GIC is not like a savings account where there are minimum balance requirements to get an advertised rate.

danr4 3y ago

Where do you see 4.5% in BofA?

footpath 3y ago
It's a semi-hidden product called Preferred Deposit under BofA's Merrill subsidiary: https://resources.bankofamerica.com/email/render-resource/40f63f82c67b4b75b2b532918544ee6b https://resources.bankofamerica.com/email/render-resource/40... https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMO... Big banks like Chase and Morgan Stanley have similar deposit products tied to their investment/wealth management arms: https://www.jpmorgan.com/wealth-management/premium-deposit https://www.jpmorgan.com/wealth-management/premium-deposit https://www.morganstanley.com/campaigns/wealth-management/qualifying-cash https://www.morganstanley.com/campaigns/wealth-management/qu... They are not really competitive due to the high initial deposit or total balance requirements, as there are smaller banks that offer higher yields and no requirements. These products mostly function as an incentive for higher net worth individuals to maintain the relationship with their existing big bank.