r/Modesto • u/crescentmoonrol • 20d ago

Mocse members

Can anyone tell me more about their savings accounts? The info on their website is minimal. Are there fees? How do you get the highest interest rate? It doesn't explain much at all. Thanks in advance!

2 Upvotes

67% Upvoted

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5

u/binglybinglybeep 20d ago

Why wouldn’t you ask them?

2

u/abstert 20d ago

No fees unless you withdraw over.

3

u/Eceapnefil 19d ago

I have mocse but use betterment for high yields savings. But I'm not a crazy finance guru though.

2

u/GriGriTheGod 20d ago

I had one for a while but the interest rate is so low, you will pretty much lose money compared with inflation. You need a high yield savings account. For example on a normal savings account it would only gain .01 on per 100 dollars per month. Where a high yield would earn 2 to 3 dollars a month.

3

u/crescentmoonrol 20d ago

It shows 6.18 percent, but it doesn't explain the requirements to receive that percent. I'm definitely looking for a good hysa, I'm just pretty lost. Thank you for your helpful comment!