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High Interest Savings Leaderboard

• gerad 3y ago
  VUSXX - 5.29%
  • netfl0 3y ago
    ETF?
    • miobrien 3y ago
      Money market fund. Treasury Money Market Fund seeks to provide current income while maintaining liquidity and a stable share price of $1 per share.
    • jjice 3y ago
      Tagging into the sibling that said it's a money market, Vanguard ends money market funds in "XX" as a nice rule of thumb
  • jcdavis 3y ago
    And, crucially, last year 80% of VUSXX's interest was state tax exempt. Unless you specifically need the features of a savings account (eg ACH), money market funds are the way to go.
    • lotsofpulp 3y ago
      TTTXX is 100% exempt from state and local income taxes, as far as I know.
  • bryceneal 3y ago
    I only recently discovered this. Are there any practical advantages to high yield savings account, then? Or do they only exist for people who don't understand how to buy money market funds?
    • nytesky 3y ago
      Technically not FDIC insured. I personally like CDs since the rate is locked and everyday someone is calling for a rate cut.
      • bradfa 3y ago
        Agreed. I've been building CD ladders for the past year or so with shorter term CDs which are all paying higher interest than the money market accounts. CDs also have FDIC insurance. Many CD brokers allow you to buy and sell CDs on a market, so they have some liquidity now.
      • kjellsbells 3y ago
        The simplicity of CDs draws me to them. Sure I can eke out another 0.5%, but if it takes me three hours a year to figure out what the hell is happening, and it would be hard or risky to unwind if I'm incapacitated and my survivors need to pick it up, it's not worth my time. If the spread was 5%, the calculation would be different, of course.
    • bradfa 3y ago
      Money market funds are not protected by FDIC. Savings accounts or CDs from banks are protected by FDIC. Your choice is likely to be made around risk. Granted, I don't think money market funds actually losing value or going to 0 is very common, but with FDIC insurance you have true 0 risk for <$250k per bank.
    • naniwaduni 3y ago
      Well, some people pay <4% investment income tax at the state/local level too.
• m3kw9 3y ago
  As long as you don’t put more than the fdic insured amount in those highest ones
• aketchum 3y ago
  I opened a Sofi account when interest rates started rising after having only a Truist account paying 10 bps. Sofi paid $300 bonus and that was what actually got me to actually make the switch (their average cac must be over $400!). Its so interesting how the switching costs are very low but still feel high enough that it is tough to actually open new accounts even when you can easily earn $500 extra per year per $10k in balance. I wonder if fedNow adoption will make it more common to bank hop without the delays of the ach network
  • smallmancontrov 3y ago
    Figuring out how to shit up outgoing transfers is a core competency of any financial institution, so I wouldn't count on fedNow to save us without additional standards forcing good behavior.
• iav 3y ago
  Not to overcomplicate things, but anyone planning to save money for >12 months should be using the BOXX ETF (https://etfsite.alphaarchitect.com/boxx/ https://etfsite.alphaarchitect.com/boxx/) to convert the interest income into a long-term capital gain. Even if you end up cashing out before the 12 months, you are still going to pay the same taxes as with a savings account, so there is truly no downside.
  • MetaWhirledPeas 3y ago
    What's the rate of return that way? The 5% coming from the bank is pretty nice and is easily understood. I scrolled to the end of that BOXX page and even watched the video, and I still don't understand it.
    • _ink_ 3y ago
      The Bloomberg article states 5.07% after fees.
      • nonethewiser 3y ago
        Which is before taxes. Just like the 5% HYSA is before taxes. In the case of BOXX this is going to be 0-20% (depending on your income) whereas the HYSA tax will be 10-37% (depending on your income).
        • lotsofpulp 3y ago
          If you are subject to state or other local income taxes, then the HYSA is subject to those also, whereas BOXX would not be.
          • nonethewiser 3y ago
            Great point, I missed that.
    • KMag 3y ago
      The short answer is that if you could answer that question in advance to a high accuracy, you could make billions as bond trader. In theory, you get paid similarly to regularly going out into the bond market and buying US government bonds that expire in the next few months, but with a potential tax savings twist. (I am a random Internet dude, not a tax lawyer.) The returns supposedly track the short end of the yield curve on US Treasuries. That would make sense, as theoretically, the net premium of a box spread is equal to the net present value of the payout (under the no arbitrage assumption). That net present value should be very close to the yield on a zero-risk asset over the same time period. They're using 1 to 3 month options, so in theory, they get yield close to short-term US Treasuries (the market prices a near-zero probability of the US defaulting on its bonds in the next few months). I haven't looked into the tracking error between SPY box spreads and the short end of the US yield curve. https://en.wikipedia.org/wiki/Box_spread#cite_note-2 https://en.wikipedia.org/wiki/Box_spread#cite_note-2 says the yield averages about 0.35% above holding equivalent maturity US Treasuries. Though, it sounds like they're using box spreads composed of American options, so I wonder how they deal with early exercise risk. You only get bond-like performance from a box spread if you don't have early-exercise risk. The further out of the money they place their strikes in the box spread to avoid early exercise risk, the lower the liquidity they get, and higher trading costs. The tax trick is that they also enter into a delta-neutral trade on a high-value single stock. (They don't use and index for this part because they want the difference between the winning and losing parts of this trade to be as large as possible, so they want volatility in the underlying asset.) At certain points, they realize the losses on the losing half of that trade (reducing tax liability), and perform a tax-free in-kind exchange of units (shares) in their ETF for the winning half of that trade. Of course, they don't know in advance which half will win and which will lose, but it doesn't matter. The brokerage buying their ETF in order to make the tax-free exchange bumps up the price of the ETF, very close to the value of the winning leg of the tax-saving trade. Note the several caveats above (and probably some I missed) in comparing with US Treasuries yield. This is not investment or tax advice.
• ssgodderidge 3y ago
  This is cool! I'd love to also see the leaders' rates over time, rather than a point-in-time snapshot. Switching banks is relatively time consuming. I'd prefer to choose a bank with the highest rate over the last 1yr, 2yr, 3yr+ periods.
• roenxi 3y ago
  [flagged]
  • screenoridesagb 3y ago
    [dead]
• Gooblebrai 3y ago
  Great idea. Would love to have the same for the UK!
  • beejiu 3y ago
    https://bankaccountsavings.co.uk/ https://bankaccountsavings.co.uk/
    • dom96 3y ago
      Where is the pretty chart and table showing me the interest rates offered?
  • frereubu 3y ago
    My accountant directed me to https://moneyfactscompare.co.uk/savings-accounts/ https://moneyfactscompare.co.uk/savings-accounts/ which I've used quite a bit over the years. Haven't compared it to other comparison sites, but it seems to be pretty good for most basic financial stuff like mortgages too.
  • fotcorn 3y ago
    Here you go: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/ https://www.moneysavingexpert.com/savings/savings-accounts-b...
  • padolsey 3y ago
    Raisin: really easy mobile app: https://www.raisin.co.uk/ https://www.raisin.co.uk/ Flagstone: 10k minimum, old-school but well-trusted, great rates for higher deposits: https://www.flagstoneim.com/ https://www.flagstoneim.com/ E.g. on flagstone you can get over 5% instant access if you're prepared to put £10k or more away.
  • asystole 3y ago
    Monzo gives me 4.6% instant-access and I manage it from the same app I manage my current account in. My savings are fairly modest so it really doesn't seem worth the bother to shop around for an extra ~0.4%.
  • 3y ago
• sahila 3y ago
  HYSA are great but even better are buying money market funds or tbills. Money market funds restrictions are they can be bought/sold during market hours and tbills have a specified lock up period, like a month or more. Both can be bought from your broker, it’s intimidating but actually quite simple. For example buying money market vusxx fund today is giving an equivalent 6.25% apy for high tax earners in California - this is because much of it is tax exempt whereas hysa is not. This google sheet has all of the current rates and is useful: https://docs.google.com/spreadsheets/d/1v3fn3sZRvkSgqb-RnN2gSWqgXdbGbDO8GdKaxE-MYEM/edit?usp=sharing https://docs.google.com/spreadsheets/d/1v3fn3sZRvkSgqb-RnN2g...
  • giarc 3y ago
    I'm just seeing a bunch of #NAME errors.
    • santoshalper 3y ago
      Same
    • mdrzn 3y ago
      Click on the "Instructions" tab at the bottom of the page, you have to create a copy for your personal use. The #NAME errors is caused by the table trying to get data from a tab called "My RateSet" which doesn't exists yet.
    • deleted 3y ago
      [deleted]
  • lotsofpulp 3y ago
    TTTXX at BoA/Merrill is another one. Although, in a shit hits the fan scenario, I would expect to be able to access my FDIC insured account money more reliably than a money market fund.
  • 7moritz7 3y ago
    I don't see any reasons not to put everything into diversified ETFs. Low risk, reliably comparatively high returns unless the world economy or the entire US economy crash (which would ruin the value of almost every asset anyways).
• exabrial 3y ago
  Id like this same thing but for cds!
  • bradfa 3y ago
    Most CD brokers will let you see all the CDs on offer and give you sorting and searching abilities. I buy CDs through Vanguard (they're my broker) and it's easy to get a table of CDs which match my search terms of duration, amount, and minimum return.
  • codingdave 3y ago
    https://www.bankrate.com/banking/cds/cd-rates/ https://www.bankrate.com/banking/cds/cd-rates/
    • exabrial 3y ago
      Read the fine print here... this is definitely not an exhaustive list
      • codingdave 3y ago
        Neither is OP's list. There are thousands of banks in the world.
  • balderdash 3y ago
    https://fixedincome.fidelity.com/ftgw/fi/FILanding?bar=p https://fixedincome.fidelity.com/ftgw/fi/FILanding?bar=p
• hn_throwaway_69 3y ago
  It should be noted this is specific to the United States.
• francisofascii 3y ago
  Impressive rates. I have been using a ultra-short bond ETF (VUSB or similar) for storing excess cash rather than a savings account. Maybe I should reconsider.
• Hasz 3y ago
  Eh, please include banks that don’t offer an affiliate link. I use VIO, which offers 5.3% on all balances.
  • giarc 3y ago
    I hovered over a few links and they didn't seem to be affiliate links.
• ta1243 3y ago
  There are many banks which give you far better rates. [0] has 47% for example Clearly it's not talking about Lira then, but it doesn't mention currency or country
  • frereubu 3y ago
    Error: trying to access array offset on value of type null
• throw0101c 3y ago
  For the Canadians in the audience: * https://www.highinterestsavings.ca/chart/ https://www.highinterestsavings.ca/chart/ * https://www.ratehub.ca/savings-accounts/accounts/high-interest https://www.ratehub.ca/savings-accounts/accounts/high-intere... There are also 'HISA ETFs' like CASH.TO: * https://moneyguynow.com/best-canadian-high-interest-savings-etfs/ https://moneyguynow.com/best-canadian-high-interest-savings-... However note: > The biggest difference between HISA mutual funds and HISA ETFs is that ETFs are not CDIC-insured. This occurs because HISA mutual funds allow investors to be registered with the deposit institution as individual depositors, whereas a HISA ETF bundles the sums provided by all investors and invests the proceeds in the ETF’s name. However, HISA ETFs mostly invest with systemically important financial institutions (SIFIs), which are subject to greater regulatory requirements than non-systemically important ones. In Canada, we have three types of SIFIs. * https://www.pwlcapital.com/high-interest-savings-account-etfs/ https://www.pwlcapital.com/high-interest-savings-account-etf...
  • dghughes 3y ago
    A Canadian Tire TFSA ??? WTF? lol
    • throw0101c 3y ago
      You can get a bank account at the grocer, PC Financial at Loblaws, so why not. * https://en.wikipedia.org/wiki/President%27s_Choice_Financial https://en.wikipedia.org/wiki/President%27s_Choice_Financial
  • voisin 3y ago
    > There are also 'HISA ETFs' like CASH.TO FYI, I tried to buy this in my TD Direct Investing Account and it wouldn’t let me. I called in and found out TD had blocked trading for any clients in CASH and there was another similar ETF, the #1 and #2 most liquid high interest savings ETFs around. I was told that to trade in these I had to open up a managed account (and pay fees to TD, negating part of the benefit of these ETFs). I thought this seemed highly unethical and inappropriate and so I contacted a variety of regulators (even trying to find which regulator had oversight of this was a major pain!) only to be told that there is no requirement for investing platforms to be neutral conduits to the markets and that they have full authority to block trading to help their other competing businesses. Canada: where corrupt self dealing by the oligopolies is the name of the game. /endrant
• Kon-Peki 3y ago
  If you can handle not being FDIC insured, check out Ford Interest Advantage. This is the money that Ford uses to fund auto loans. In practice, it works like a checking account with ACH deposits/withdrawals. 5.5% https://www.ford.com/finance/investor-center/ford-interest-advantage/ https://www.ford.com/finance/investor-center/ford-interest-a...
• givinguflac 3y ago
  This is really cool! Any reason Apple savings isn’t included?
  • shortrounddev2 3y ago
    Apple savings is a frontend for Marcus by Goldman Sachs, which is listed there
    • ezfe 3y ago
      Marcus and Apple Savings aren't always in sync, they've reached 4.5% at much different paces
• machiste77 3y ago
  Not listed: 5.1% on USDC at Coinbase
  • babyshake 3y ago
    Does this APY not apply to USDC set to buy in limit orders?
• ourmandave 3y ago
  There is some missing nuance if you just look at the list. Orion FCU is listed at 0.01%, but you can get 6% (on the first $10K) if you open a premium checking acct. Although you have to deposit at least $500/month and use the atm card as much. Not exactly what people with large amounts outside their network are looking for, but still.
  • BitwiseFool 3y ago
    These sorts of accounts are just not worth the hassle. The interest rate seems spectacular but it's contingent on satisfying conditions that are easy to miss each month. Plus, the fallback rate is punishingly low. When looking at the effort required compared to a "normal" savings account, it's a terrible deal.
• tommoor 3y ago
  Bank of America still paying a cool 0.01% interest, incredible.
  • lotsofpulp 3y ago
    Because BoA sees no benefit from giving a competitive interest rate to people with little money. Anyone with decent savings will have a Merrill account (owned by Bank of America), where they can get an FDIC insured savings rate of 4.92% in “Preferred Deposit”, or 5.2% in TTTXX, which are US treasuries, so also exempt from state and local income taxes. https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMO...
    • easton 3y ago
      Preferred Deposit has a minimum balance of $100k: https://www.ml.com/solutions/preferred-deposit.html https://www.ml.com/solutions/preferred-deposit.html (which might be fine, but most HYSAs don't have that.)
      • lotsofpulp 3y ago
        It’s minimum $100k to open it, but you can draw down all the way to $1 after that and increase or decrease any time you want. I presume if you withdraw all the money, then it closes and you need $100k to open it again, but I just leave mine at a few dollars. But that gets back to my point that BoA does not want to pay interest to people with less than $100k cash.
      • naniwaduni 3y ago
        $100k is a decent approximation of "just about enough for BofA to consider caring about your retaining your custom", yeah.
  • BobbyTables2 3y ago
    I’m sure they’ll eventually fix the sign mistake there…
• deleted 3y ago
  [deleted]
• sschueller 3y ago
  In Switzerland we can't hope for anything more than 1%.
  • pelorat 3y ago
    I think it's the same in most of Europe.
  • Leherenn 3y ago
    Switzerland has lower inflation, a lower reference rate (1.75%) and an appreciating currency. Over the past year, you would have still been better off putting your CHF in a 1% account than to transfer to USD, put in a 5.5% account and transfer back, even ignoring fees. There are also a couple of places offering around 1.5% fwiw.
• paxys 3y ago
  While it may be tempting to pick whatever is on top of the list, you should make your decision after factoring in bank locations, reputation, customer service, online tools, ATMs, fees etc. rather than just go for the extra 0.04% in interest.
  • LVB 3y ago
    Marcus recently locked my account for unspecified reasons and it took a couple weeks to unlock simply because they weren’t allowed to send a verification code to my phone since it was on a prepaid plan (?!?). Quite nerve-wracking to have all of your “safety” funds inaccessible and stuck behind fairly helpless front line agents that offer no escalation path.
    • hn8305823 3y ago
      > for unspecified reasons > my phone since it was on a prepaid plan That is likely your reason (burner phone). Did they ask you for hard evidence of your identity before unlocking your account?
      • ezfe 3y ago
        My family has three phone lines and 2 are on "prepaid" Verizon phone lines, and one is on a regular AT&T line. The fact the prepaid lines are considered inferior is ridiculous and causes stupid problems. It's a regular Verizon line but because it's prepaid some websites don't like it.
      • bonton89 3y ago
        My prepaid phone isn't a burner phone. Not everyone uses their phone enough to like getting screwed on post paid plans.
      • LVB 3y ago
        I'm using a standard T-Mobile prepaid plan with my name on it, auto-paid monthly using a CC with my name on it. The silly part is that this same phone is what they: a) registered my account with a few years ago, b) send their 2FA codes to for normal account login. But it is unacceptable to their support system, I guess. The "unspecified reason" turned out to be me trying to transfer some money to a business checking acct that I have. That's against their ToS and could have probably been a quick reversal (when I finally got through to the right person it took about 5 minutes), but the phone verification thing gummed stuff up for a few weeks.
• no_wizard 3y ago
  There are some Credit Unions that are offering even higher rates, I saw for a time 6 or 7%, but they sometimes had limitations for either joining the CU or upper limits on how much each account could have (though you could spread money across multiple CDs)
• jccalhoun 3y ago
  I've been using depositaccounts for years to check rates for savings and CDs https://www.depositaccounts.com/ https://www.depositaccounts.com/
• JimWestergren 3y ago
  Best in Sweden seem to be SBAB 4.25% (3 or 6 months lock). Or, anything better?
• eli 3y ago
  Using a convenient bank is more important than squeezing a few more basis points in yield.
  • deleted 3y ago
    [deleted]
• rmbyrro 3y ago
  Don't keep cash or cash-based assets. Only what you need for personal liquidity and emergencies. The govt will steal your money through inflation. If you don't wanna mess with or don't have enough money saved to buy real estate, buy an index ETF or a real estate fund.
  • hn8305823 3y ago
    It's good to keep at least 1 year of salary in savings. Investing it in other assets can be problematic when the global macro environment falters because you won't be the only one trying to liquidate! It's not hard to imagine a scenario where the stock market and risk assets in general crash, and then you get laid off.
  • rrrrrrrrrrrryan 3y ago
    A 90/10 stocks/bonds portfolio will outperform a 100/0 portfolio over the long term. During a market downturn money flees to safety, bonds appreciate, stocks fall, and when you rebalance back to 90/10 you'll effectively be buying stocks at a discount. The 100/0 guy has no such option and misses out entirely.
    • velcrovan 3y ago
      > The 100/0 guy has no such option and misses out entirely. Not true. The 100/0 guy can buy stocks during a downturn just as well as the 90/10 guy. If we're really talking long term, that is, if neither person is selling, and if both are investing the same amounts regularly, then on average the 100/0 portfolio will outperform the 90/10 portfolio. Looking at history, the reason to go with anything besides 100/0 over the long term has to do with risk tolerance, not performance. https://investor.vanguard.com/investor-resources-education/education/model-portfolio-allocation https://investor.vanguard.com/investor-resources-education/e...
      • naniwaduni 3y ago
        Most people can't do 100/0 because they're structurally overweighted on a single weird illiquid asset that pays out more distributions than the rest of their assets combined.
• hatch7 3y ago
  And not one intelligent person is asking, how is the bank giving me a return for seemingly nothing? HYSA investments are wildly irresponsible and risky. They degrade the financial system and support horrible practices and institutions. I challenge anyone to find ONE financial instution which discloses what HYSA is invested in. These aren't even good investments. VTI is up 25% y/y. With these "high interest" investments below the prime rate, you're literally guaranteed to lose money, all while taking a massive and unncessary risk.
  • carlosjobim 3y ago
    They lend your money out to other people paying a higher interest. In fact, they lend your money out several times. Even if your bank pays 0% interest, they are lending your money out many times over to people who pay the bank interest.
    • hatch7 3y ago
      [flagged]
    • carlosjobim 3y ago
      Reply to the poster below me, who was censored for some reason: AFAIK the money that people have in their bank accounts are used as reserves for all loans the banks give. I don't know of any separation of funds.
  • erehweb 3y ago
    Where's the risk. It's FDIC insured, no?
    • hatch7 3y ago
      [flagged]
  • somehnguy 3y ago
    Since when are High Yield Savings Accounts investments? They're FDIC insured bank accounts and inherently (essentially!) zero risk.
• hn8305823 3y ago
  Top of market interest rates are a signal that the bank needs capital (yours). Be careful with more than $250k in any one regional bank right now.
  • keeganjw 3y ago
    This seems like a fair assessment. Especially for all these tiny banks that are absolutely not too big to fail.
  • bombcar 3y ago
    That's a good rule of thumb for anyone (but if you have a quarter million in cash equivalents you're probably a business or super-wealthy). I wonder if anyone has done a correlation study with bank failures vs CD/HYSA rates. The ones I know of that "everyone" flowed into have survived.
  • userabchn 3y ago
    Kaupthing [1] was offering very attractive interest rates in 2007. [1] https://en.wikipedia.org/wiki/Kaupthing_Bank https://en.wikipedia.org/wiki/Kaupthing_Bank
• ezfe 3y ago
  Missing Apple Card Savings, which yes is currently the same as Marcus by Goldman Sachs but hasn't always been
• decafninja 3y ago
  HYSA may not be the absolute best thing, but they're simple enough for dumb laymen like me. At some point I might transfer some, or all, funds out of my HYSA but for now it's good enough to park things in while I do some more research on what options I have.
• lr4444lr 3y ago
  Can someone clarify for me what the other pros and cons would be for these different banks aside from interest rate? Should I perhaps not go for an extra 0.05 - 0.15% if there are unusual rules around withdrawals, or are some known to have shady data privacy practices?
• gfiorav 3y ago
  For folks who don't know: In these HYSA, every time the interest pays (monthly), it triggers a taxable event. This might be important for you to consider. If you invest longer term in bonds and good securities instead, you could time your tax better (i.e.: sell when your income tax is lower; retirement). In the US, you can get "lifetime/permanent insurance," which has a cash component that can be invested in bonds and enjoyed on much better tax terms (eating less into your bond's return). This is not financial advice.
  • bombcar 3y ago
    There are many tax-advantaged accounts and methods that would likely come in before "perm life insurance" unless you're an insurance salesman ;)
    • gfiorav 3y ago
      So I hear! Which ones would you recommend?
• scop 3y ago
  Interesting that Evergreen Bank Group went straight from 0.35% to 5% in a little over a month. Every other bank had gradual rate increases. Anybody have any info on this?
  • flerchin 3y ago
    I noticed that too, and significantly behind the market. It makes me wonder if they would be behind the market when rates fall too.
• dia80 3y ago
  This warrant's a little caution, there may well be some negative selection bias here. The banks most likely to go bust are the ones most desperate for cash so they offer the highest interest rates... If it's FDIC insured you are good up to $250k but I don't know exactly how much inconvenience is associated with your bank going bust and potentially collecting FDIC insurance.
  • chrisq21 3y ago
    This might not be the norm, but when SVB went bust FDIC insured money was paid out in a matter of days.
• teekert 3y ago
  In the Netherlands best we can get is 2.85% or so.
• tempaway55641 3y ago
  In the UK banks will create a new high interest savings account and then after a few years quietly reduce the interest rate and launch a new one. So you waste lots of time applying to open new savings accounts every few years. Not sure its worth the hassle unless you're loaded enough that the interest will offset the wasted time.
• ApolloFortyNine 3y ago
  There's a an etf USFR that tracks the treasury notes all these companies buy anyways. Buying it you can use your favorite brokerage and sell whenever you want, without having to deal with another bank or the interest rate at your bank becoming less competitive.
• scruple 3y ago
  The list is missing American Express HYSA. It's at 4.35% APY.
• PieUser 3y ago
  Theres a much more comprehensive list here: https://www.doctorofcredit.com/high-interest-savings-to-get/ https://www.doctorofcredit.com/high-interest-savings-to-get/
  • grumpwagon 3y ago
    Also, I believe doctor of credit is not funded by affiliate links like most sites that list this stuff are (including the GP link, I believe)
• TMWNN 3y ago
  I really miss how Vanguard used to allow writing checks from its brokerage account;[1] it combined the best of savings and checking accounts (complete with a six transactions-per-month limit, back when that was a thing). Is there something like it elsewhere? I have accounts at Vanguard and Schwab; I think I've heard that there is something like it at Fidelity but don't know anything about it. [1] I am not talking about <https://personal.vanguard.com/us/whatweoffer/accountservices/checkwriting https://personal.vanguard.com/us/whatweoffer/accountservices...>
• LuciBb 3y ago
  [dead]
• EVa5I7bHFq9mnYK 3y ago
  4.97% in Fidelity for money just sitting in the account. No need to buy, sell, lock, transfer or do anything. Not FDIC insured but I somehow trust Fidelity not going under.
• velcrovan 3y ago
  If you're a US citizen, don't sleep on I-bonds for your emergency fund. The current rate for I-bonds is 5.27%. It adjusts up or down automatically with inflation. The only catch is you can't put in more than $10k per calendar year, and if you withdraw before 5 years you give up 3 months of interest. Much, much better than a CD. https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/ https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-int...
  • deleted 3y ago
    [deleted]
  • maerF0x0 3y ago
    afaik it includes more than citizens such as Permanent Residents (Green card). but i cant find a definitive place that says who's eligible
• Onward5818 3y ago
  For the Dominicans in the audience: I made a tool like this one one for our market. http://crecepesos.com http://crecepesos.com
• latchkey 3y ago
  VIO Bank is classified wrong and should be at the top of the list. https://www.viobank.com/cornerstone-money-market-savings https://www.viobank.com/cornerstone-money-market-savings
• testernews 3y ago
  I’ve been using https://apy.fyi/ https://apy.fyi/ since it’s Show HN (https://news.ycombinator.com/item?id=33058601 https://news.ycombinator.com/item?id=33058601). I haven’t checked it in a while but there are significantly less entries on it now compared to this one
• ryandrake 3y ago
  Optimizing one's savings rates always seemed to me to be high effort, low reward. Like coupon clipping or credit card churning. You either live with convenience and low returns or you get a slightly better return by making "opening new accounts" your entire life. I already have a credit union account for checking, multiple brokerages, an HSA account, a 401(k) account (different from my brokerages), a Roth IRA account, a 529 account, an account at TreasuryDirect, and probably others I'm not thinking of. Now if I want the best yield savings, I need to open yet another bank account? If I want the best CD rates, I'll need further another account? Yuck! And when I want to move funds from one asset class to another, it's a ACH transfer or some other needlessly multi-day transfer from one institution to another. It's exhausting.
  • bhelkey 3y ago
    The value of optimizing here is really easy to estimate. You know how big your emergency fund is, your current interest rate, and the interest rate you could get. If you have $5000 in BOA (0.01% APY), switching to one of the listed HYSA (~5% APY) nets you ~$250 a year. Is the convenience worth the opportunity cost? That's up to you to decide.
• babyshake 3y ago
  I'm pretty surprised to see notable differences between Wealthfront, Betterment and SoFi. I'd assume these types of services would be in a dead heat in terms of the interest offered.
• deleted 3y ago
  [deleted]
• anonu 3y ago
  6 month treasuries through XHLF... 3bps management fee, yielding above 5% can be traded in any brokerage account: https://bondbloxxetf.com/bondbloxx-bloomberg-six-month-target-duration-us-treasury-etf/ https://bondbloxxetf.com/bondbloxx-bloomberg-six-month-targe...
• moneyaccion 3y ago
  Who created this?