Best Nationally Available High APY Liquid Accounts

ETrade Premium Savings was 2.00% now 2.75% APY

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Ally MM and savings: from 2.10% to 2.25% starting 10/6.

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Live Oak Bank Savings was 2.00% now 2.30%
Bank7 Savings was 1.80% now 2.00%

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They bought out some bank in Chicago called PrivateBank in 2017. Feels really similar to RBC’s move to buy City National Bank a few years ago. Both banks’ US arms specialize in high net worth individuals although CIBC dipped its toes into the online savings account/CD game.

Like I said, I’ve had nothing but good things to say about them. I got an account two-ish years ago when they were running a $300 bonus for opening an account. I debated closing it about a year ago, but am glad I hung onto it with all the negative changes at Alliant.

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And BMO buying Harris, and TD with Banknorth. TD has gone on a rampage lately, with First Horizon and Cowen.

To tangentially bring this on topic …

TD’s savings rate is .02%
BMO-Harris savings rate is .02%, with a $10 monthly fee. :upside_down_face:

Valley Direct was 2.65% now 2.85%
Lending Club Savings was 2.65% now 2.85%
Northpointe Bank Savings was 2.45% now 2.95%
Northpointe Bank MM was 2.45% now 2.95%
Patriot Bank MM was 2.25% now 2.80%

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mph bank MM was 2.75% now 3.00%
Liberty Savings Bank Savings was 2.50% now 2.85%
Sallie Mae MM was 2.25% now 2.50%
Capital One Savings was 2.15% now 2.20%
American Express Savings was 2.00% now 2.15%

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4-week T-Bill was 2.703% now 2.967%
:wink: :money_mouth_face:

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And if you live in a high-tax state like California, the tax equivalent yield can be ~10% more

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The 8-week hit 3.20%.

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To me the 8-week has been slightly less interesting, because the rates have been rising and will likely rise again at least two more times, and the spread between 4 and 8 weeks isn’t big enough, so the combined yield is almost the same. For example:

  • 8-week: 9/13-11/8 @ 2.816%
  • 4-week: 9/13-10/11 @ 2.54% + 10/11-11/8 @ 2.967%

So even though the 8-week is 3.2% today, in 4 weeks the FED will :arrow_up: 0.75% and the 4-week could be at 3.4% or higher, again close to break-even with the 8-week. The 8-week (or longer) would make more sense if it had a significantly higher yield than 4-week and there was no expectation of rate increases.

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Looks like the Elements Financial Credit Union Helium Savings promo at 3.25% has been discontinued. The account page now shows the non-promo 1.00% rate for balances above $2,500. I believe the promo guaranteed the 3.25% rate for 1 year for anyone who signed up.

Other updates:

CFG Bank MM was 2.90% now 3.03%
Smarty Pig Savings was 2.10% now 2.40%

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My Banking Direct Savings was 2.20% now 2.85%
Dollar Savings Direct Savings was 3.01% now 3.05%

NASB Savings was 2.53% now 3.04% - nationally available except: The rate displayed will not be available in the Kansas City(KS/MO) metro area.

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Bank Purely Money Market was 2.75% now 3.01%
iGo Banking Money Market was 2.75% now 3.01%
Synchrony Bank Savings was 2.25% now 2.45%
Bank7 Savings was 2.00% now 2.50%

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I did open this acct at the 3.25% rate which is fantastic for now. Hopefully, they will raise rates when the fed does it again. Who knows??? But I learned to jump on these fast just because a small credit union like this can get overwhelmed. When I put in transfer requests it comes back as Eli Lilly Credit Union. I did my due diligence and Element took over a few years ago. You would think that would have been changed!! I have had their 4% checking acct for 3 months and all is well. I have 2 AMEX cards and set up auto-pay for the 15 debits monthly. I do 17 and not one payment over 2.00. The drawback of the Helium is that you are only allowed to transfer (internal or external) 5000.00 per transfer up to 2 per 24 hours.(1k) I had to call to find out why my 33k was returned to my bank after 4 days. So now Ill send in 2 5k transfers to get funds in there every other day to be sure. Still at 3.25% for existing accts.

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Not to mention that with banks rapidly changing rates it is a giant pain in the behind to keep opening new accounts to rate chase. 4 week t-bills with reinvestment turned on is a no brainer in California right now…

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CIBC Bank Savings was 2.32% now 2.51%
First Internet Bank Savings was 2.12% now 2.22%

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Ally 1% bonus: Ally Bank Cash Bonus Has Ended: View Next Steps

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finally a good offer. Debating b/t $50K 1yr CD@ 3.1% or just riding the rates up in a MM .

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Someone on r/churning did rough math of 6% APY with the promo that 3c3 posted; not sure if it is correct.

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