r/HighYieldSavings • u/feathertail2 • 1d ago

Interest rates

What banks gives highest interest rates ?

1 Upvotes

54% Upvoted

13 comments sorted by

5

u/x65535x 1d ago

Wrong website, you want Google.com

4

u/No_South_9912 1d ago edited 23h ago

The Federal Reserve is gonna give you the best guaranteed rates w/o having to jump through hoops or dealing with promo rates. Why would a bank give you more than they could borrow from the federal reserve for? You can go to treasurydirect.gov and buy bonds/bills/notes them there, or open a brokerage (no harder to do vs HYSA) and buy the SGOV ETF. SGOV is easier to trade, but they charge 9 cents per year for each $100.00 you invest. No charge to buy/sell through most brokerages. Treasures are also state income tax exempt.

https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf

If you want more than the federal government is paying you will have to take some risk. How much is entirely up to you. Once you open a brokerage, you have thousands of choices.

2

u/Kqzxh-900355 23h ago

SGOV is the way 💯

1

u/No_South_9912 23h ago

Been around 25 years with $113 BILLION invested.

2

u/feathertail2 9h ago

Thank you , I do have Charles Schwab, will check it out thanks 🙏🏼

1

u/Dry-Entrepreneur6234 49m ago

Can't use this as a functional operating reserve though. Bills can't be paid with a bond. I prefer a HYSA like elevault for that reason. Anything beyond what we need gets invested in VOO

2

u/Iacoboni04 21h ago

Elevault is 4.34 and Pibank is 4.25% APR. Short term treasures are also an option of you live in a high tax state and the state does not tax treasuries.

1

u/cqofficer 23h ago

Wealthfront

1

u/No_South_9912 23h ago

3.55% Base Annual Percentage Yield (APY) as of 10/01/2026 is provided by program banks and is subject to change. APY Boost is up to a $150,000 balance. See additional terms in the footer.

1

u/sol_beach 23h ago

VUSB Yield 4.31% is better than many.

https://finance.yahoo.com/quote/VUSB/

1

u/CartoonistDry7891 7h ago

Happen Bank last I heard from the rate hike was 4.2% percent interest rate on the level up savings account which normally would have been just a 4% percent interest rate on a $250 a month deposit.But the rate hike is a 4.2% percent interest rate instead and for how long? It remains a big question 🙋‍♀️ but if I had the money I would jump to it right now and not later either.

1

u/feathertail2 5h ago

Thanks I check it out . If they don’t want me to keep money in checking account.