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Which banks and CUs still have APYs of 4-5% or greater on Checking and Savings Accounts?
Looking to stick $25k into these accounts. Chex is all good and not worried about HPs to open accounts or get into CUs. I know it'll take several accounts get these APYs.
CU's to join for Savings Rate now and possible Credit Products later!
I would also recommend checking out DoC.
https://www.doctorofcredit.com/high-interest-savings-to-get/
I think all the good/high rate ones have dried up, so bummed that both Amex and Disco have dropped to .40%! I haven't been able to find one that pays more than .50% without any hoops or $ limits on earnings or having regional blocks. I recently opened a Buiness Checking with Blue Vine because their interest rate is 1% while BoA's is 0%, plus the fact that BoA charged me a service fee after pulling a shenanigans move with the deposit balance amount. And trying to get through to them to address it proved ueseless so I moved on from them.
Seems like a person would haev to split that $25K up into several high rate accounts to get the most impact.
So it seems, I've never been a huge fan of BoA and from my conversations with them its a mutual feeling.
At this point I think the best bet is,
DCU for $1k at 6.17%
Blue FCU for $1k at 5%
Consumers for $10k at 4%
ETFCU gets the remainder at 3.3%
@Caught750 wrote:So it seems, I've never been a huge fan of BoA and from my conversations with them its a mutual feeling.
At this point I think the best bet is,
DCU for $1k at 6.17%
Blue FCU for $1k at 5%
Consumers for $10k at 4%
ETFCU gets the remainder at 3.3%
Blue is said to be insanely Chex sensitive. As in more than 1/12 = rejection.
@Anonymous wrote:I think all the good/high rate ones have dried up, so bummed that both Amex and Disco have dropped to .40%! I haven't been able to find one that pays more than .50% without any hoops or $ limits on earnings or having regional blocks. I recently opened a Buiness Checking with Blue Vine because their interest rate is 1% while BoA's is 0%, plus the fact that BoA charged me a service fee after pulling a shenanigans move with the deposit balance amount. And trying to get through to them to address it proved ueseless so I moved on from them.
Seems like a person would haev to split that $25K up into several high rate accounts to get the most impact.
Alliant Credit Union's regular savings account is paying .55%. No limit on amount.
DCU's savings account pays 6% on first $1000
Affinity FCU's high yield savings account pays 2% on the first $2500.
Hanscom FCU CU Thrive account pays 2% (requires periodic automatic payments from checking, limited at 5k, 1 year maturity)
I think you'll be hard pressed to find anything that high these days, especially without a low cap. You're probably better off trying for banking bonuses for new accounts.
Evansville Teachers FCU is the best of the bunch IMO. Their Vertical checking account gives 3.3% on up to 20k. Most ACH's in any amount satisfy the DD requirement, and the 15 debit purchases have no min spend amount (so $.50 Amazon reloads do nicely). I also like the checking rewards progress interface that shows what requirements have been fulfilled for the month.
@PullingMeSoftly wrote:Evansville Teachers FCU is the best of the bunch IMO. Their Vertical checking account gives 3.3% on up to 20k. Most ACH's in any amount satisfy the DD requirement, and the 15 debit purchases have no min spend amount (so $.50 Amazon reloads do nicely). I also like the checking rewards progress interface that shows what requirements have been fulfilled for the month.
Yes, I agree on rewards checking, this seems at least among the top at the moment. For checking (which I use as savings really) I use Paramount Bank, which pays 0.85%, now capped at $100,000, with no requirements or fees.
I'm also in the market for parking some $$$ after making some new checking/savings SUB runs recently.
I'm looking for somewhere else to place extra emergency $ and $ to go towards remodelling and repairs needed for our homestead. I'm trying to find something that works well, so looking at:
Anyone have experiences to share for T-Mobile or HMBradley accounts?