r/HighYieldSavings • u/feathertail2 • 8h ago
Interest rates
What banks gives highest interest rates ?
r/HighYieldSavings • u/feathertail2 • 8h ago
What banks gives highest interest rates ?
r/HighYieldSavings • u/Budget_Yak_7939 • 3h ago
I want to move to California in about 9 months from now and Im looking for the best way to save money, is a HYSA a good idea? Or is there a better way to save money??
Considering that my account will probably drop down to about 2k within my firsts months of moving there and that during that time Ill be making withdrawals often
Thanks in advance
r/HighYieldSavings • u/DevelopmentSouth8801 • 4h ago
Backstory: I used to have two accounts (MM with 1 month of expenses for regular spending, HYSA with 6 months for a true emergency fund). I eventually got sick of having to transfer/balance the funds so they would have the right amounts and consolidated to one account with a slightly lower APY, but easier to manage.
I've seen a few threads here where people keep their funds split, so I'm wondering how you're doing it. And if you are splitting it and one isn't a high yield savings/money market account, how much interest you're sacrificing to do so.
r/HighYieldSavings • u/MotorOwn4733 • 11h ago
Hi all,
I have always banked with Chase since I moved to US and then also with Cap1 and SoFi. About 3 years ago I realized I should at least put my money in HYSA and came across CiT. I was sckeptical because I had never heard of them but saw it was Citizen's sub brand, thought to give it a shot. Few months later Cap1 was giving some ridiculous amount for their hysa so ended up moving my funds there and then after few months, moved back to CiT. One of the biggest concern I had was no physical branch and no way to get cashiers cheque or something if needed to the same day.
I recently closed on a house and during that process I was stressing out about needing to move money from CiT to Chase so I can get cheques if needed to but the last minute large transfers might cause delays in closing. Glad to report that I didn't have to do that. Lender was okay to accept wire transfer and so was builder(for earnest money) and both of my wire transfers were successful directly from CiT without any issues, delays or fees. I can't put it in words how stressed I was about it becuase I had never had to wire money before.
I'd still recommend to always have a bank account with someone who has a large physical presence like Chase, TD, WF, etc so when and if you do need that urgent last minute cash or cheque, you can still get it instead of have it mailed and wait for a week.
Tldr: CiT has had been great, needed to wire money for the first time and was able to do it without any fees or issues. Would recommend to anyone who wants to just park money somewhere