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I thought I posted this last night, but I must not have clicked the post button.
While researching bank account bonuses on Doctor of Credit, I noticed that DCU was listed as offering 5% APR on the first $1,000 in savings. I was confused, because it's been $750 since I became a member earlier this year. I looked at DCU's current rates last night, and sure enough, Primary Savings now offers 5% on the first $1,000.
This means $50 a year in interest on a $1,000. Not a bad place to stash a little liquid cash and earn something on it at the same time. The savings rate drops to a dismal .05% after $1,000, so it's not really worth keeping more than that in the account.
I used to use Capital One 360 for a 1% APR, but even they've dropped to .75% now. I'm currently looking for a new place to stash my savings if anyone has a suggestion.
Here is a quick list on a few i gathered:
Bank | APY | Mininum Opening Deposit | Monthly Fee | Minimum Balance Required to Waive Monthly Fee |
Discover | 1.15% | $0 | $0 | $0 |
U.S. Bank | 0.01% | $25 | $4 | $300 |
Chase | 0.01% | $25 | $5 | $300 |
Citibank | 0.01% | $100 | $5 | $500 |
Bank of America | 0.01% | $25 | $5 | $300 |
Wells Fargo | 0.01% | $25 | $5 | $300 |
Fifth Third Bank | 1.00% | $50 | $5 | $500 |
PNC Bank | 1.00% | $25 | $5 | $300 |
Capital One | 0.75% | $0 | $0 | $0 |
Ally Bank | 1.15% | $0 | $0 | $0 |
GS Bank | 1.20% | $0 | Unknown | $1 |
Someone posted this information in an older thread a few weeks ago but it's more visible in a new thread. Thank you!
@Anonymous wrote:Here is a quick list on a few i gathered:
Bank APY Mininum Opening Deposit Monthly Fee Minimum Balance Required to Waive Monthly Fee Discover 1.15% $0 $0 $0 U.S. Bank 0.01% $25 $4 $300 Chase 0.01% $25 $5 $300 Citibank 0.01% $100 $5 $500 Bank of America 0.01% $25 $5 $300 Wells Fargo 0.01% $25 $5 $300 Fifth Third Bank 1.00% $50 $5 $500 PNC Bank 1.00% $25 $5 $300 Capital One 0.75% $0 $0 $0 Ally Bank 1.15% $0 $0 $0 GS Bank 1.20% $0 Unknown $1
Thank you for the list.
Barclays is also offering 1.20% APY.
@Anonymous wrote:Someone posted this information in an older thread a few weeks ago but it's more visible in a new thread. Thank you!
I looked to see if this was alredy posted, but couldn't find anything recent concerning DCU.
No problem...I actually got this off Discover's website. Also, see below, just got this email from Discover:
make your savings earn more with a Discover Online Savings Account
1. Open your account with any amount you choose when you apply online by 10/31/17.
2. Enjoy your 1.39% introductory interest rate** with a 1.27% APY for the first 180 days your account is open. After 180 days, you'll still enjoy the then applicable variable interest rate, which is 1.14%/1.15% APY† as of 8/4/17.
3. Plus, you'll always enjoy:
• Earning interest over 5X the National Savings Average*
• No monthly fees or minimum balance requirements
• FDIC-insured to the maximum allowed by law
@DeeBee78 wrote:
@Anonymous wrote:Someone posted this information in an older thread a few weeks ago but it's more visible in a new thread. Thank you!
I looked to see if this was alredy posted, but couldn't find anything recent concerning DCU.
I totally understand your frustration. Thanks again for creating a new thread. Now others can easily find the information.
@Anonymous wrote:No problem...I actually got this off Discover's website. Also, see below, just got this email from Discover:
make your savings earn more with a Discover Online Savings Account
1. Open your account with any amount you choose when you apply online by 10/31/17.
2. Enjoy your 1.39% introductory interest rate** with a 1.27% APY for the first 180 days your account is open. After 180 days, you'll still enjoy the then applicable variable interest rate, which is 1.14%/1.15% APY† as of 8/4/17.
3. Plus, you'll always enjoy:
• Earning interest over 5X the National Savings Average*
• No monthly fees or minimum balance requirements
• FDIC-insured to the maximum allowed by law
Sweet!
You may want to do a quick search to see if they have a sign up bonus.
1k now? SWEET. Thank you. Haven't noticed.
What about Lake Michigan Credit Union? Up to $15k for checking, with 3%? Yes, there's hoops with using a debit card every month, but it's worth a look at least.
...unless we're just concentrating on Savings accounts only.
@Anonymous wrote:1k now? SWEET. Thank you. Haven't noticed.
What about Lake Michigan Credit Union? Up to $15k for checking, with 3%? Yes, there's hoops with using a debit card every month, but it's worth a look at least.
...unless we're just concentrating on Savings accounts only.
@this is what I'm looking for! I'm looking for a checking account @ ~4%+ I can pass the required # of transactions buy putting 5 bucks of gas in my tank at a time! I thought they were myths! 😂 I usually use Credit Cards, well I have started to, but I want to start earning some high interest on my checking! Going to create another thread rather than hijack this one.....😉😊