Would like some insight from members here re: banks that pay high-interest today. Such as Element @4%, ETFCU Vertical checking @ 3.3%, and TFCU with a 400.00 bonus. Plus the old faithful HMBradley @ 3% Kabbage from AMEX has been 1.1 for 1 year.
During the pandemic,
being an avid MSer, I did not go to stores for about 18 months. Have 4 OBC @ 5% back, in G/G/D stores and 2 BCP @ 6 % back in groceries only. Plus other 3% grocery cards and Chase biz cards for 5% at Staples on VGC. when they are fee-free like starting this week…today…So I got into bank bonuses and Swagbucks from my couch. Then I noticed via DOC about the above-mentioned accts. Sure there are hoops but for a retiree, I spend 1 hour per month doing the bp, debits,and other hoops in one shot. So far HMBradley has been great. I DD my SS and use their CC at groceries 1x monthly for 100.00 spend with 3 % back, plus yearly fee for the card. Elements and EFTCU I have for 2 months and so far so good with the small BP and debits of less then 2.00 each. TFCU is a disaster acc. to DOC. I applied and it took 9 days for them to deny me, do not know why. I’m better off acc to doc comments. Ill apply again in wife’s name (she lets me) right when the bonus expires and all calms down with them. Lets hear some feedback. And I have some great insights on the AMEX OBC cards also.