cancel
Showing results for 
Search instead for 
Did you mean: 

Need High Yield Checking/Savings/MMA

tag
Anonymous
Not applicable

Need High Yield Checking/Savings/MMA

Hey guys,

 

I need recommendations for a high yield interest earning bank account. Please post your suggestions. I already tried looking at the websites that list these, but I don't know about the listed banks' reputations, so I would like feedback from you guys,

 

(sorry if posted in wrong section, didn't think it should go in personal finance) 

Message 1 of 2
1 REPLY 1
redpat
Senior Contributor

Re: Need High Yield Checking/Savings/MMA

There is no such thing as high yield savings anymore.  Rates are near 0% you will be lucky getting a 5 year CD at 1.25% - 1.50%.

 

You are a student, any extra saving should be in the market with dividend yield of 3.50 - 4.50% high quality stocks, example Merck 3.61% dividend yield.  If you have a 5 - 10 year time-line for those savings, not a bad place to put some savings.

Personal Cards: Amex Plat | Amex Delta Res | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
Message 2 of 2
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.