Best Nationally Available High APY Liquid Accounts

Also their 11-month NPCD.

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E*Trade Premium Savings 2.00% APY

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Is this from Etrade’s email? Website still showing 1.4% as of 9.35am ET.

Never mind, updated at 10.05am.

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Merchants Bank of Indiana 2.28%

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Wealthfront 1.4% → 2%.

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I’ve updated the wiki for Customers Bank Ascent MMA, BrioDirect HYS, Elements Financial Helium Savings, and SFGI which were the top 4 w/ APYs of 2.25%, 2.20%, 2.10%, and 2.07% respectively. They now have APYs of 1.50%, 2.15%, 0.60%, 1.51%.

BrioDirect HYS dropped the least (2.20% → 2.15% since 2019 which hopefully bodes will for them continuing to keep a relatively high APY.

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Your information on the T-Bills is fascinating.

I’m keeping a pretty large chunk of $$’s in Bask Bank Savings 2%. Just noticed that this monthly interest accumulation on that account is worthy of big smiles. :blush:

Right now, couldn’t be happier, plus a second spouse account that doubled up the interest.

Interesting input from the doctor:

They track the rates pretty religiously so I tend to give some credence to their recommendation.

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Nice work, bubba @nomenclature. Thank you, and much appreciated, or …
with a little Spanish lingo thrown in, muy apreciado … maybe. :sunny:

And he is right. But if you look out 6 months, you’ll hit 3 percent, state tax-free, and there are no limits, even if you live in NewsomCommunistaUnitoStatosAmigoCabrione. :sunny:

Ivy Bank 1.90% → 2.15%

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CFG Money Market was 2.10% now 2.30%
MyBanking Direct Savings was 2.02% now 2.20%
Tab Bank Savings was 1.68%, now 1.92%
Bread Savings (Comenity) was 1.65% now 2.15%
Barclays Savings was 1.40% now 1.65%
Discover AAII Savings was 1.35% now 1.55%
Discover Savings was 1.30% now 1.50%
Northpointe Bank Savings was 1.25% now 1.75%
Northpointe Bank Money Market was 1.25% now 1.75%
Alliant Savings was 1.20% now 1.40%
Popular Direct Savings was 1.15% now 1.45%
Smarty Pig Savings was 1.15% now 1.40%
Betterment Cash Reserve was 1.10% now 1.60%
TIAA Money Market was 0.90% now 1.20%

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I’m very appreciative of your efforts to keep this thread updated. I’ve really missed these posts the past couple years!

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I’m now thinking about opening a CFG MM account. Based on the reports in this thread, they’ve been consistently in the lead or very close to it for a few years now. I was confused by their “new money / new funds only” statement, but based on reporting and comments at depositaccounts, the APY applies to the entire balance for all customers, so that statement can be ignored.

Does anyone here have it and want to share some thoughts, positives and negatives? Maybe start a dedicated thread?

The big limitation on the CFG account seems to be the native ACH limits. Daily ACH pull limit of $25k/day and push limit of just $5k per day. You’d need to pull/push from a hub account with larger limits.

The other possible gotcha - they require a $1k balance to avoid a $10/month service fee. Not a big deal as long as they are a rate leader, but might be annoying if they start lagging behind and you want to put your money elsewhere. You’d have to remember to close the account instead of keeping it open with a small/no balance.

Otherwise, I agree with you, it seems like a nice account and definitely worth checking out if you want the rate. I don’t think they’re sketchy or anything like some of the fintechs.

Personally, I’ve been liking CIBC lately because they have been raising rates fairly frequently, and they also have super high ACH limits - $125k/day and $250k/month. 1.66% isn’t the highest but I expect they will push through another hike in the next few days.

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Just saw this on DA. NASB 2.53% APY.

EDIT: possibly only available in limited areas.

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High Rollers ONLY

This is a liquid account. But you need a hundred grand to play.

2% APY, and I know there are many Sharonview members out there!

Ally Savings increasing to 1.60% APY effective 8/5/22.

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Want to hear peoples thoughts on buying 4-week treasuries, yield is ~2.1% and has state tax advantages. Given rates continue to rise, I don’t see the benefit of savings or no-penalty CDs right now since you can roll 4-week treasuries every month and the rates of the banks is lagging the treasury increases.

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Already mentioned a few times in this thread, most recently only one week ago.

The 4-week T-Bill is ~2.14% now, while the best savings account is 2.53% (NASB). If you can’t get that savings account, then the 4-week T-Bill probably makes sense. IMO, the 13-week T-Bill (2.54%) is an even better bet, since the next FED meeting is 7 weeks away and the one after that is 13 weeks away and I don’t expect a whole lot of movement from the savings accounts between now and the first meeting. The 26-week T-Bill (2.93%) is even better, since I don’t think even shifting between the best savings accounts would beat it over the next 26 weeks. But this is a Savings Accounts thread. The longer-term T-Bill discussion is probably more appropriate in the CD discussion thread.

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