I believe it is only for savings account.
Here is the link to opt out: Cash Sweeps Opt-Out - Primis Bank
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It seems like it’s for anyone with over the $250,000 FDIC limit. If you’re over the FDIC limit in one account, wouldn’t you want more protection?
I don’t have anywhere near that amount in savings so it’s not a concern for me.
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Milli Savings Account 5.25% APY (App Only)
5.25% APY as of 7/20/23
No monthly fees, no minimum balance required.
Ability split money into multiple “Jars”.
App-only. Currently requires iPhone iOS 15.0+, or Android OS 8.0+.
Uses the Allpoint ATM network of 55,000 surcharge-free ATMs worldwide.
No paper checks. No checkwriting ability. No mobile check deposit.
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Republic Bank MM was 4.75% now 5.21%
OceanFirst Bank Savings(via raisin) was 5.15% now 5.17%
Pacific Western Bank MM(via raisin) was 5.15% now 5.16%
Cloud Bank 24/7 Savings(via raisin) was 5.11% now 5.20%
Total Direct Bank MM was 5.07% now 5.20%
Blue Federal Credit Union MM (via raisin) was 4.90% now 5.15%
Valley Direct Savings was 4.85% now 5.00%
UFB Bank Priority Savings(new name) was 4.81% now 5.06%
UFB Bank Priority MM(new name) was 4.81% now 5.06%
Tab Bank Savings was 4.76% now 5.02%
Synchrony Bank Savings was 4.30% now 4.50%
Sallie Mae Bank MM was 4.25% now 4.50%
Lending Club Bank Savings was 4.25% now 4.50%
Capital One Bank Savings was 4.10% now 4.30%
Sallie Mae Bank Savings was 4.10% now 4.25%
SFGI Direct Bank was 4.01% now 4.26%
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Ally MM 4.30%
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zzz i love your rate guide. I read it even if I do not comment!. I’m checking into republic bank of Chicago. TIA
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anybody have any dealings with raisin.com or something. They collect local and small banks and have the highest interest rates if you go through their website. Cloudbank24/7 is paying 5.3% no strings. if you go through the cloudbank 24/7 website directly all you see is a1% acct. Not sure if this is actually good as raisin is the main site you use. Republic of Chicago seems good. Small family owned.
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Raisin is a rebrand of SaveBetter. Why they thought Raisin is a better name, I’ll never know.
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Probably a play on “Raising”?
I dunno, all these tech unicorns have stupid names. If they put as much thought into how to make money as they do into marketing and slick looking websites, maybe they’d be around longer than a year or two.
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agreed!
Pacific Western Bank MM(via raisin) was 5.16% now 5.25%
Merchant’s Bank of Indiana MM was 4.75% now 5.00%
Barclays Bank Savings was 4.15% now 4.35%
Ally Bank MM was 4.15% now 4.30%
E Trade Savings was 3.85% now 4.00%
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First Internet Bank Savings(1M +) was 5.20% now 5.46%
First Internet Bank Savings(under 1M) was 3.66% now 3.76%
CIT Bank Savings was 4.95% now 5.05%
Discover AAII Savings was 4.20% now 4.35%
Discover Savings was 4.15% now 4.30%
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Wealthfront was 4.55% now 4.80%
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^ starting Friday.
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Received a note Primis is raising my savings .006% APY to 5.16%.
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Ocean First Bank Savings(via raisin) was 5.17% now 5.25%
Western Alliance Bank Savings(via raisin) was 5.15% now 5.20%
Vio Bank MM was 5.02% now 5.15%
Grand Bank MM(via raisin) was 5.01% now 5.20%
GreenState CU Savings(via raisin) was 5.01% now 5.16%
iGObanking MM was 4.85% now 5.05%
BankPurely MM was 4.75% now 5.05%
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Raisin was founded in Europe in 2012. It founded SaveBetter in New York in 2019. The name was just converted to the parent company name.
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Why do the banks offer better rates through Raisin than on their own?
I’m thinking the banks don’t have the cost of putting each new customer into their system as a customer so there’s cost savings there. No statements either. Raisin handles it all.
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