2024 Hysa reddit

3% at One Finance. No limit, but funding the 3% account is limited to 10% payroll/benefits direct deposits, up to a maximum of $1,000 per month. 1% at T-Mobile Money. No limit or requirements. HM Bradley is going to be the highest rates, but with new, extremely high, hoops to jump through starting Feb first. . The cursed movie

On that same day, SPAXX charted at 3.5% and was at 3.8% by 12/22/2022. JayFBuck. • 1 yr. ago • Edited. The yield is net of the expense ratio. That means it's actually 4.19% - 0.42% = 3.77%. The expense ratio is irrelevant to you. What matters is the listed yield. r/fidelityinvestments.Wealthfront is my only taxable account and my goal is tax efficient growth over next 25 years. Currently sitting at 110k in the cash account, 38k in the investment account, and 10k in the bond portfolio. Will hold back $25k in cash for emergencies but would like advice on allocating the rest (and over what timeframe).Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...If you want to keep your banking products together, get Amex. If you want to get 0.70% higher (5.05%) APY on your deposit, then I recommend CIT Bank Platinum savings. Choosing a HYSA is not a complicated thing. If you're going to park money then you want the best APY. I have CIT Bank, Amex, Discover and PNC HYSA. I've also had Capital One.May 26, 2566 BE ... I just opened my Platinum HYSA only catch is you have to make sure you maintain a balance of $5000 or more to receive the 4.85%.A lot of people have been talking about I Bonds but if I do the math, I think i'm better off keeping the cash in an HYSA? Let's say I have $70,000 in…A brokerage account lets you choose how to invest your money. Some investments pay interest. Some pay dividends. Selling your investment for more than you bought it for is also income (called a capital gain). If you held the investment long enough, dividends and capital gains might be taxed at a lower rate than other income. Recommendations for HYSA? : r/Bogleheads.   Go to Bogleheads. r/Bogleheads. Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify with low-cost index funds and let compounding grow wealth. Jack founded Vanguard and pioneered indexed mutual funds. Semi-long time CIT customer here. There should be no issues, but I’ve found CIT to be generally pretty slow with money transfers/deposits. If you’re transferring large amounts it may take a bit to show and even then they won’t make the full amount available.High Yield Savings Accounts (HYSAs) HYSA Basics. What is a High Yield Savings Account? What is the difference between Interest Rate and APY? How can I find the … Michigan: Kellogg Community Credit Union 4% APY Checking Account On Balances Up To $15,000. Michigan: AAA High-Yield Checking – 2.85% On Balances Up To $10,000. Michigan: Dort Federal Credit Union 6.5% APY On Balances Up To $10,000. Minnesota: St Paul Federal Credit Union 4.99% On Balances Up To $20,000. On that same day, SPAXX charted at 3.5% and was at 3.8% by 12/22/2022. JayFBuck. • 1 yr. ago • Edited. The yield is net of the expense ratio. That means it's actually 4.19% - 0.42% = 3.77%. The expense ratio is irrelevant to you. What matters is the listed yield. r/fidelityinvestments. Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account. joelly. Posts: 502. Joined: Mon Oct 27, 2008 4:22 pm. Any thoughts on Western Alliance Bank HYSA. by joelly » Fri Jun 23, 2023 10:21 pm. Hi Everyone, I got …So that's about a 1.4X ROI (Spend $40K now to "save" $56K in interest payments) Now let's do compound interest. Continue paying your loan for 30 years, but put $40K into an HYSA at 4.8% APY. $40K into an HYSA that returns an average of 4.8% per year results in $163K saved. That's a 4X return on the investment.Semi-long time CIT customer here. There should be no issues, but I’ve found CIT to be generally pretty slow with money transfers/deposits. If you’re transferring large amounts it may take a bit to show and even then they won’t make the full amount available.Hello esteemed personal finance subredditors! I am currently in the market for a new HYSA to store some cash. Ally is at the top of the list as I see it recommended over and over again, but I am also considering ufb Direct. Ally is currently offering 2.25%, ufb is offering 3.11%. On the face of it ufb seems like the way to go but seeing as …Ally's HYSA is at 4.25% and Alliant is at 3.10% while I'm seeing more and more financial institutions over 5% on depositaccounts.com. The problem is knowing which of the top interest payers right now aren't going to pull the rug out like you said. ... Thank you, kind reddit user HYSA, FDIC insured. interest fully taxable. Funds are considered fairly liquid, 2-5 days I'd guess. CD's , FDIC insured. Interest fully taxable. Funds are locked for the term of the CD. MMMF, no FDIC, but thought to be really really safe anyway. Interest taxability depends on the fund, some invest in treasuries, so a percentage would be state ... High yield savings accounts are garbage. You’ll make more money buying municipal bond funds like MUB. This type of debt is rare to default and if 1 bond in a fund of 1000 goes up its hardly an impact. They are actually positive for the year and we’re positive in 2008. Fact is you have capital gains and dividends. But the service becomes infinitely better once you have AMEX credit cards. You can then link your HYSA to your Amex cards which you can check via the AMEX app. Whether to check your balance, transfer money which you can now do, and even use the account IF NECESSARY to pay down your balance! Mind you both AMEX customer service teams are separate ... Have used MB for 6+ months now-- HYSA only. Raised my rate to 5.5% automatically (started at 5.25%) a& the trans. time has gone back to 5 days if I initiate the transfer order from Milli rather than initiate from my brick & mort. bank. So far, my simplistic use experience has been positive. Reply reply.If you think that scandalous, mean-spirited or downright bizarre final wills are only things you see in crazy movies, then think again. It turns out that real people who want to ma...High-yield online savings account. The Ally high-yield savings account (HYSA) offers a competitive annual percentage yield (APY) and no monthly maintenance … The best HYSA on the market right now? Sorry, this post was deleted by the person who originally posted it. Share. Sort by: Best. Open comment sort options. Best. Top. New. Controversial. Old. Q&A. Add a Comment. OwwMyFeelins. •• Edited. Vmfxx at 5.14% as of today (5.23.23) HYSA recommendations. Investing Questions. Any HYSA recommendations or referrals? Archived post. New comments cannot be posted and votes cannot be cast. Sort by: Open comment sort options. weedmylips1. • 8 mo. ago. Put in vanguard settlement account that's invested in VMFXX currently getting 4.75% junger128. • 8 mo. ago. It’s already setup and just deposit and go. 1. Generic-User-01 • 1 mo. ago. So, this is just from reading stories, but I have read of issues moving significant sums OUT of Apples HYSA. For me, honestly the benefit of having everything available on one login to AMEX's website and app, outweighs that .15%. 44. Best for no minimum deposit: UFB Secure Savings. Best for earning a high APY: Western Alliance Bank Savings Account. Best for no fees: Marcus by Goldman Sachs High Yield Online Savings. Best for ... Many times they are "teaser" rates. They offer above market rates to attract new business when it is a new offering, and then lower to market/below market in the near future, hoping you are too lazy to switch to a different bank. The ones in the high 3's probably don't have these requirements, the ones 4.5%+ are more likely to. May 26, 2566 BE ... I just opened my Platinum HYSA only catch is you have to make sure you maintain a balance of $5000 or more to receive the 4.85%.Amex hysa is currently earning 3.3% apy. No direct deposit requirement either. Overall, I’ve been very happy with my Amex account. I’m in the process of moving most of my e-fund from Ally at 3.3% to a 13 week T-Bill ladder, due to the 13 week T-Bills currently hovering around 4.5%.Marcus by Goldman Sachs currently offers 4.15% I believe and there’s no direct deposit required. You need to open a Sofi Banking account (checking plus savings) and direct deposit any amount to get that bonus. There are better rates out there but most are either 3 month to 1 year promo periods OR limit the amount that gets the …High-yield online savings account. The Ally high-yield savings account (HYSA) offers a competitive annual percentage yield (APY) and no monthly maintenance …A real bank has to be, if they want my money in a savings account. Look beyond the webpage. There are more options than those two. Capital one is 3% as well as American Express. Both of those are FDIC insured. To echo u/kveggie1, make sure you use an FDIC insured account. Take the time to find the best fit for you.A user asks why they should open an HYSA that pays 0.6% when they can't afford to save much more than $1000. Other users reply with their opinions, tips, and experiences on …Amex hysa is currently earning 3.3% apy. No direct deposit requirement either. Overall, I’ve been very happy with my Amex account. I’m in the process of moving most of my e-fund from Ally at 3.3% to a 13 week T-Bill ladder, due to …Dividend and Savings are different. Dividend-what you received as a cashback for putting your money in the stock market. More risk than savings because you could lose your initial cost base, but also more upside for returns. Savings-interest rate is received from bank as a thank you for parking your cash with them.I would compare ibonds to a 6 month CD, as the rate of the ibonds is guaranteed 6 months. If rates drop, you only get 5% for 3 months. Still 5% is a good bit better than 4.3% and would probably average out unless the CD rates drop a lot from months 4-6. Also just happens that a Fidelity 6 mo CD is the same rate though.Thoughts/experiences on UFB Direct HYSA. I just discovered them here on Reddit yesterday. While they seem legit, I always find it a little weird when I discover a bank I've never heard of before. Their Savings account offers 4.81%, which is the highest I see around.SoFi is pretty good if not the best HYSA, they became an official bank last year so they are FDIC insured and give 3.75% APY when doing they direct deposit no matter the amount and is for both checking and savings account. ... This is the global dual-language Reddit home of the country Vietnam. Chào mừng bạn đến với ngôi nhà trên ... If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less. I’ve only had an account for four months but no issues with my HYSA, CDs and an Invest account. Transfers aren’t same day between them and my credit union but I don’t need funds right away anyways. ... A subreddit for Etsy sellers on Reddit to collaborate and discuss techniques and experiences selling their products and …The national average savings account pays a 0.58 percent APY as of November 2023, according to a recent Bankrate survey, while the best high-yield … Ally's HYSA is at 4.25% and Alliant is at 3.10% while I'm seeing more and more financial institutions over 5% on depositaccounts.com. ... Thank you, kind reddit user The current economic situation really doesn't play into this decision. Build an emergency savings in something stable, like a high yield savings account. Save for any anticipated expenses in the next few years (e.g., car, house downpayment) in something stable, like a high yield savings account. Invest the rest.Look at the historical trend and that should put you at ease. A Roth and a HYSA completely different types of accounts. One is for your later years to sustain you and the other should just be for small goals and/or emergency funds. You are down less than 4% in a year when the market was down about 20%.Traditionally rates on hysa have been much higher than brick and mortar banks. Right now rates are depressed so not a big difference. Also if you're paid in cash make sure your …Only the interest gained is taxed. So if in the 24% bracket and if in a calendar year you deposited $100 and it ended at $103. You'd pay 24% tax on $3, aka $0.72, leaving you will $2.28. Just divide the APY by the amount kept (100% - tax bracket %) to see the effective earnings. A 4% APY in the 22% tax bracket means you net 3.12%.Mar 1, 2024 · A high-yield savings account, or HYSA, is a type of savings account that offers interest rates at least 10 times higher than the national average. Most HYSAs are found at online-only banks . Forbes Advisor compares high-yield savings accounts with up to 5.25% APY. No results found for hysa reddit, a possible misspelling of high-yield savings account.In contrast, there are banks and credit unions (usually online only) that offer much higher interest rates. So for example the current average rate is around .40% to .55% and up till pre-2020, it was around 2%. There is nothing particularly special about HYSA vs regular savings accounts other than the interest rates.Roth IRA - tax free when you want it. Keep 3 months of emergency fund in your HYSA. I was doing treasury bill ladder to for emergency fund but that looks to be moving. Your approach is technically less “optimal” than dumping it all in now, but your approach dollar-cost averages which is plenty healthy to do in uncertain times. HYSA, FDIC insured. interest fully taxable. Funds are considered fairly liquid, 2-5 days I'd guess. CD's , FDIC insured. Interest fully taxable. Funds are locked for the term of the CD. MMMF, no FDIC, but thought to be really really safe anyway. Interest taxability depends on the fund, some invest in treasuries, so a percentage would be state ... HYSA is the same thing as a regular savings account just with a competitive rate of interest paid. By competitive, I mean that it still sucks, but it sucks less than most other banks. HYSA is restricted the same way savings accounts typically are. Checking "pays you" by processing transactions and checks for free.Keep that cash in the HYSA (or invest it in USFR) and don't touch it unless you're ready to buy a home or have a real emergency. Pretend it doesn't exist and congrats on building that sum. Moving forward, with your regular paycheck, make sure to invest anywhere from 15-25% of your gross income. You'll be golden.A HYSA just deposits the interest into itself and is kind of set it and forget it. I realize these rates can change over time and in two years t-bills might be 3% or a HYSA might be 2.5% and at that point I would have to reevaluate. I hopefully this is enough info for some general advice. Thanks in …Apr 3, 2566 BE ... 4% of $150 is $6 (this is for the entire year, not each month), divided by 12 months would be $0.50 per month, and the amount would be prorated ...The immaterial HYSA yield loss from not using one of the 100 other 2%+ banks is more than made up with instant liquidity between checking <--> savings. MMF's pay more than those other HYSA banks, are easier to access if Schwab is your primary checking, and will adjust faster to rate changes without you having to constantly …11K votes, 1.2K comments. 5.3M subscribers in the YouShouldKnow community. I’ve been using Prosper. It’s kinda like kickstarter for debt. Someone wants $10,000 to refinance their credit card debt and that debt is split into $25 increments and sold to investors who get a cooresponding share of the interest and principal payments monthly.A brokerage account lets you choose how to invest your money. Some investments pay interest. Some pay dividends. Selling your investment for more than you bought it for is also income (called a capital gain). If you held the investment long enough, dividends and capital gains might be taxed at a lower rate than other income.Just food for thought. Remember: 4.13% on $10,000 is $413/year in interest. That’s pretty good but it’s also not a huge amount different than a bank like Ally at 3.3%. The difference is $7/mo. And obviously with less money the delta is smaller. Upgrade might be perfectly fine.it’s normal. many banks have a interest rate of 4-5%. the issue is that it’s just a HYSA and the APY can go down at any time without a heads up. if you aren’t looking to spend your savings soon, i would look into a cd. the …Wealthfront is my only taxable account and my goal is tax efficient growth over next 25 years. Currently sitting at 110k in the cash account, 38k in the investment account, and 10k in the bond portfolio. Will hold back $25k in cash for emergencies but would like advice on allocating the rest (and over what timeframe). High yield savings accounts are garbage. You’ll make more money buying municipal bond funds like MUB. This type of debt is rare to default and if 1 bond in a fund of 1000 goes up its hardly an impact. They are actually positive for the year and we’re positive in 2008. Fact is you have capital gains and dividends. Reddit is a popular social media platform that boasts millions of active users. With its vast user base and diverse communities, it presents a unique opportunity for businesses to ...r/FIREyFemmes. • 2 yr. ago. soniya42423. I want to open a HYSA with Ally Bank this week, don't know where to start and have a few questions! Hi all, so I want to open a high yield savings account where I can …A HYSA just deposits the interest into itself and is kind of set it and forget it. I realize these rates can change over time and in two years t-bills might be 3% or a HYSA might be 2.5% and at that point I would have to reevaluate. I hopefully this is enough info for some general advice. Thanks in …4 days ago · Here’s a summary of our top accounts organized by the highest APY that one could get. UFB Secure Savings: Up to 5.25% APY. Bread Savings High-Yield Savings Account: 5.15% APY. Bask Interest ... A brokerage account lets you choose how to invest your money. Some investments pay interest. Some pay dividends. Selling your investment for more than you bought it for is also income (called a capital gain). If you held the investment long enough, dividends and capital gains might be taxed at a lower rate than other income.Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account.The real question is how the 0.5% "high yield" accounts can stay in business when you can get plain accounts paying 1%, and much higher with some limits: 1% with no limit at T-Mobile Money. 2% on the first $20,000 at Elements Financial Credit Union, requires 15 withdrawal transactions per month but bill pays qualify.HYSA Offering 4.5% Question. Western Alliance Bank (advertised by AARP, powered by SaveBetter, Raisin company) is offering 4.5% APY. Small print, “interest rate may change after initial deposit.”. Is this how they all work? Thanks. Archived post. New comments cannot be posted and votes cannot be cast.Get app Get the Reddit app Log In Log in to Reddit. Expand user menu Open settings menu. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; ... My girlfriend and I are looking to open a joint HYSA so we can have a percentage of our paycheck sent to savings for a home. We both currently use PNC bank for our personal accounts, but ...HYSA is insured by the government of up to %250k per account. Money market funds can break the buck like for instance in 2008. Very rare but during big recessions, each of your $1 could be worth $0.92. Money market funds are SIPC insured while HYSA is FDIC insured. SIPC is not government endorsed while FDIC has the entire treasury backing it. Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account. Reddit, often referred to as the “front page of the internet,” is a powerful platform that can provide marketers with a wealth of opportunities to connect with their target audienc...now that savings account returns are low, does it make sense to keep emergency money in there? What are some better alternatives? I live super cheap. 1 year of my expenses is only 13k. The recommendation is 3-6 months, so i am thinking about only keeping 5k in a HYSA (or alternative) and put the rest into an investment …I'm looking to open a purely savings account for my emergency fund and extra savings, and their HYSA is highly attractive to me at 1.8%. I'd appreciate if anyone could share their experience! Thanks!Jan 15, 2566 BE ... According to DoctorOfCredit/DepositAccounts, there aren't that many HYSA above 4.5% right now, you might be looking at CDs or restricted HYSAs ...HYSA yields are more variable than money market yields, and do not follow federal funds rate as closely. Another key benefit of money markets is a portion of money markets are state tax exempt. If you live in a 50% state, such as CA or NY, money markets may be fully state tax exempt, depending on the specific components of the money market ...HYSA is insured by the government of up to %250k per account. Money market funds can break the buck like for instance in 2008. Very rare but during big recessions, each of your $1 could be worth $0.92. Money market funds are SIPC insured while HYSA is FDIC insured. SIPC is not government endorsed while FDIC has the entire treasury backing it.Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Although we can’t help here with specific account service issues, we can help troubleshoot and point you in the right direction. Hours: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun.BouncyEgg. • 1 yr. ago. There's some slight, but not significant, increased risk utilizing a money market fund (use the words "breaking the buck" in your research). But yes, the 7 day SEC Yield is pretty much directly comparable to a bank/CU's published APY. Consider SPRXX for even more slightly (again pretty much insignificant) risk and yield. Best for no minimum deposit: UFB Secure Savings. Best for earning a high APY: Western Alliance Bank Savings Account. Best for no fees: Marcus by Goldman Sachs High Yield Online Savings. Best for ...

I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account. . Youtube video downloader for mac

Hey y'all, Looking to park ~30k (emergency fund + beginnings of saving for a downpayment) in a HYSA. I've heard good things about Ally, but there are a LOT of options for high yield online banking nowadays, some of which are up to almost 5% interest as of this month. Transitioning my HYSA to I Bonds. I know I'm a bit late to the party here, but bear with me. I have an HYSA with ~$10,000 stashed away for emergencies, etc. I get a decent APY, but after reading about I bonds on here I think it might make sense to split up this $10k. I'm planning to move around $5k into I bonds and leave the rest in the HYSA.A user asks why they should open an HYSA that pays 0.6% when they can't afford to save much more than $1000. Other users reply with their opinions, tips, and experiences on …Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores     TOPICS. Gaming. Valheim; Genshin Impact; Minecraft; ... Is it wise to have all of my savings in 1 HYSA or should I have multiple accounts with multiple companies? Right now I have $150,000 in just 1 location and I'd like to have easy ...Like u/DavidTVC15 said, I too have a checking, savings, and CC with Discover, but have only been a client for about two years.. I haven't experienced the issues others experienced either, even after depositing nearly $6,000 into my HYSA with them. From what I've seen and gathered from people who've experienced issues - it seems that accounts that are … A total bond index is used by many investors, which has an average duration of 6-8 years typically, and a more advanced method that is in line with matching your investment horizon would be to use long term (20-30 year) treasury notes or, TLT etf etc. I bonds are likely very good use of space for retirement money but < 1 year t bills and HYSA ... Current APY is 4.3%, if you use my referral link, we both get extra 1% APY bonus for a total of 5.3%, which I believe is the highest in current market. In my exp, they been pretty fast at adjusting their APY whenever fed raise interest rate, was 2% when I joined in 2018, now it's up to 5.3% with link below.Your HYSA APY is now going up by .10%!” They have done this since rate hikes began so they are benefitting from the arbitrage of not heightened rates as they are experienced in …Earlier this year, Apple released the 4.15% HYSA (now 4.25%) and had been investing in it every month. I also opened an AMEX HYSA account 4.30% (now 4.35%). However, after using my newly found free time to scroll reddit and focus more. ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with ...4 days ago · Here’s a summary of our top accounts organized by the highest APY that one could get. UFB Secure Savings: Up to 5.25% APY. Bread Savings High-Yield Savings Account: 5.15% APY. Bask Interest ... I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account.Not sure what you're planning to use the money for, but assuming it's a big ticket item like a house or car, the flexibility of a HYSA could be very useful given how rapidly those markets are changing. Schwab had some 12-13mo CDs at over 4%. Not sure about any fees though. CDs are trick or treat. HMBradley is 1% or 3% if you have their credit card. You need to direct deposit $1500/month and spend $100 with their credit card to reach 3%. Credit card is $0 first year and $65/y after. CC gives you 3% Cashback on first spending category, 2% for second, then 1% rest. r/personalfinance. .

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