The withdrawal limit portion of Regulation D was suspended. The suspension remains. Banks may set their own withdrawal limits. There is no stated end date. Nothing is permanent.
"According to the Federal Reserve’s savings deposits FAQs, “The Board does not have plans to re-impose transfer limits but may make adjustments to the definition of savings accounts in response to comments received on the Board’s interim final rule and, in the future, if conditions warrant.”
Institutions have their own withdrawal limits. It’s best to check with the institution if it’s a concern.
I recommend them. it’s a division of AXOS bank. Same sign-in as AXOS, plus all the texts from UFB says it is from Axos. I am in process of xferring $$ from Bradley and some other accts paying less than 2%. But I do not see any BP option, so I am keeping Presidential Bank with 2.25% interest (up to 25k) but with a req. 500.00 DD monthly (Alliant counts) and 7 bp (Amzn reloads.)
New liquid savings leader: SkyOne MM was 2.20% now 2.75%
Vio Bank MM was 2.15% now 2.22%
Patriot Bank MM was 2.05% now 2.25%
Sallie Mae MM was 1.85% now 2.05%
iGo Banking MM was 1.85% now 2.15%
Bank Purely MM was 1.85% now 2.15%
SFGI Direct Savings was 1.81% now 2.01%
Barclays Bank Savings was 1.80% now 2.00%
Capital One Bank Savings was 1.75% now 1.90%
Marcus by Goldman Sachs was 1.70% now 1.90%
Paramount Bank Checking was 1.55% now 2.00%
Dollar Savings Direct was 1.40% now 2.00%
My Savings Direct was 1.00% now 1.50%
Yes, I also applied for the SkyOne mm account last Friday. Didn’t see any response until this morning.
My account is now showing the deposit as pending. But TIAA bank (which I used for the transfer) is showing those funds gone. Hopefully this 2.75% money mkt account is truly dependable.
It’s a little confusing the way its setup. I’m going to just take a chance on the FDIC guarantee. Looks good .
Bask Bank Savings was 2.20% now 2.53%
First Foundation Bank Savings was 2.02% now 2.25%
Discover AAII Savings was 1.85% now 2.05%
Discover Savings was 1.80% now 2.00%
Popular Direct Savings was 1.75% now 1.90%
Smarty Pig Savings was 1.70% now 1.90%
Betterment Cash Reserve was 1.60% now 2.00%
Northern Bank Direct MM was 1.50% now 2.00%
PenFed Savings was 1.20% now 1.50%
Western State Bank MM was 0.75% now 2.00%
What’s the best zero or few restrictions savings account from a reliable banking source? I presently have Alliant at 1.7%. I notice there are a lot above this rate but I would want one with minimal hassles and/or hoops to jump through.
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