@AndySoCal wrote:@Hipployta , With the my design checking avvount saver option the limit on the HYSA limit goes upto 25,000. As a just in case, I have linked my Vanguard Cash Plus Account to Langley. I am aware of the one withdrawal a month limit.
I joined Langley recently to establish membership, particularly for the CB card and the HYSA, knowing I'll need the steady saver option for the cap limit increase. Talking with the rep in person and looking online, they are very secretive with some of their details, particularly with the MyDesign Savings account. I don't see that anywhere on the site, but read your older post about it. Do you know any additional details on how the MDSavings work? I've got the pamphlet for min and max weekly/monthly automatic deposits. Could you do a lower recurring deposit and then lump sums as well into that one? Or is it possible to do additional deposits on top of the recurring? It seems like they are offering two separate HYSA this way, though the steady saver would be limited in how fast you can grow it. Any cap on that one?
I understand on the regular HYSA. I'm curious on the MyDesign Savings. You previously posted:
"Steady Saver earns 5% on upto $25k in high-yield savings AND gives access to MyDesign savings, which also earns 5% but is limited to a max of how much can be deposited at once."
Which looks to be a completely different account, but at the HYSA rate. Is that one (MyDesign Savings) limited to only the recurring deposits and/or max monthly contribution? Meaning you cap yourself at $6k per year? From their brochure:
"Deposits to MyDesign Savings from a MyDesign Checking account must be through recurring digital banking transactions... Deposit limits are defined as..."