Best Checking/Savings Account to Park Funds for Short Term

[Ahava18]

I am expecting to receive a couple grant that I am planning to save for a medium-short term; 6-12 months. I was wondering what my best available options are.

Obviously , I can place it in the highest yielding savings account or CD. I would consider however, to put it in an account with a bank that will appreciate my business. In my experience, for example, Chase was willing to approve me for higher CL when/if I had an account with them that had funds in it. I'm not talking huge sums, just $4-$5K did the trick.

I would forgo the potential interest earnings of $125-$250 (6-12 mo @5% APY) for better credit lines/cards in the future.

Are there any banks/CU with DP that show better odds of approval with an active relationship?

[dukembams]

Oklahoma Central Credit Union has a checking account that is 6.00% APY for deposits up to $9,999. Easy to join if you are affiliated with another credit union. As far as I know, not geo-fenced.

[FicoMike0]

Here's 7% up to $25000, if you don't mind all the debit transactions.

https://www.lascolinasfcu.com/premier-account

[dukembams]

What are requirements to join? I cannot find it on website.

[IsambardPrince]

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@Ahava18 wrote:

I am expecting to receive a couple grant that I am planning to save for a medium-short term; 6-12 months. I was wondering what my best available options are.

Obviously , I can place it in the highest yielding savings account or CD. I would consider however, to put it in an account with a bank that will appreciate my business. In my experience, for example, Chase was willing to approve me for higher CL when/if I had an account with them that had funds in it. I'm not talking huge sums, just $4-$5K did the trick.

I would forgo the potential interest earnings of $125-$250 (6-12 mo @5% APY) for better credit lines/cards in the future.

Are there any banks/CU with DP that show better odds of approval with an active relationship?

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I wonder why bank balances with them matter for credit line since a credit card company can't get right of offset on your bank account to cover credit card debt.

[FicoMike0]

@dukembams 

https://join.lascolinasfcu.com/

Note the fourth item, 

 I would like to make a $10 donation to the Star Saver Education Foundation

Anyone can join for $10.

[Realist]

I'm a fan of banking local with larger amounts of money.  If I can't drive to your branch today, maybe it's not where I need to place it.

We have a local bank offering 4.5% for $25,000 and above amounts.  No hoops to jump through, other than if you fall below that floor, you lose the preferred savings rate.

We have some CU's offering 6.7% up to $7500, but hoops by limitations.  Other facilities, more of the same.

[Outbackexplorer]

NFCU and US bank are two that value relationship banking in their credit card approvals. Chase seems to to an extent.

[Windchill92]

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@IsambardPrince wrote:

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@Ahava18 wrote:

I am expecting to receive a couple grant that I am planning to save for a medium-short term; 6-12 months. I was wondering what my best available options are.

Obviously , I can place it in the highest yielding savings account or CD. I would consider however, to put it in an account with a bank that will appreciate my business. In my experience, for example, Chase was willing to approve me for higher CL when/if I had an account with them that had funds in it. I'm not talking huge sums, just $4-$5K did the trick.

I would forgo the potential interest earnings of $125-$250 (6-12 mo @5% APY) for better credit lines/cards in the future.

Are there any banks/CU with DP that show better odds of approval with an active relationship?

---

I wonder why bank balances with them matter for credit line since a credit card company can't get right of offset on your bank account to cover credit card debt.

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Not sure I totally understand your question, but having a deposit w/ a bank allows them to extend credit for several other things (e.g.: Mortgages, personal loans, cars, etc.) and not just credit, in which the lender seemingly tends to be Elan.