Doesn’t answer the question why they thought Raisin is better than SaveBetter.
I don’t know everything
Anyone know what Primis’s current rate is for non-early bird accounts? Last I knew it was a quarter-point less, but they’ve removed their rate from their website altogether.
its a marketing decision. to marketing, a chair would be sold as “a seating solution.”
“a seating solution” sounds better than “raisin.” As far as names go, it’s almost as bad as “Bonvoy.”
How about “scripta?”
That one was created by a committee of one non-marketing person and without commercial aspirations.
Ally Savings Account rate is increasing to 4.25% APY effective 8/01/23
E*Trade Premium Savings was 4.0% now 4.25% APY
Patriot Bank MM(via raisin) was 5.15% now 5.22%
Popular Direct Savings was 5.05% now 5.10%
BankPurely MM was 4.56% now 4.78%
iGObanking MM was 4.56% now 4.78%
Sallie Mae Bank MM was 4.50% now 4.75%
TIAA Bank Savings was 4.50% now 4.75%(1 year intro rate)
TIAA Bank MM was 4.50% now 4.75%(1 year intro rate)
Betterment Cash was 4.50% now 4.75%
Empower Personal Cash was 4.45% now 4.70%
USAlliance Financial Savings was 4.40% now 4.65%
Ally Bank MM was 4.30% now 4.40%
Sallie Mae Bank Savings was 4.25% now 4.50%
Quontic Bank Savings was 4.25% now 4.50%
American Express Savings was 4.00% now 4.15%
Ally Bank Savings was 4.00% now 4.25%
SmartyPig Savings (Sallie Mae) was 3.85% now 4.00%
FNBO Direct Savings was 3.75% now 4.15%
For anyone grandfathered in to the old Patriot Bank MM from a few years ago, prior to their switching to save better/raisin for new customers, I got the following email today:
Our money market account is experiencing a growth spurt with a new, higher rate of 5.25% APY,* effective August 2, 2023 – so you can give your savings an extra boost.
Thank you, tripZ for your vigilance and time in updating these rates.
Primis’ regular rate appears to be 4.96% APR, 5.07% APY according to disclosures form.
Rate for people with promo is 5.04%, 5.16%, not a dramatic difference.
Marcus was 4.15% now 4.30% APY
I opened the Republic Bank of Chicago on Sun AM and got the approval Mon at 5PM. 5.2 %. I love that they are a family-owned bank with lots of cash and great reviews mostly. If you call them, they even have a live employee answer the phone in 4 rings! They have been around for a long time.
I’m not sure if this is the correct place for my question but I’d like some feedback.
Yesterday I started some research on Vanguard. Many years ago 20+ I used Vanguard and decided to see if they still had my profile. I ended up having to make a phone call and many questions later, they found me.
What do you think about Vanguard’s Federal Money Market account? Deposit $3000 bucks in account at 5.25%. I realize that the interest rate changes often but, considering for liquid money. ??
For Vanguard, VUSXX may be better because it’s partially state tax free.
I’m not sure if Vanguard offers something similar, but here is a pretty good article on using Fidelity’s Cash Management Account as a checking and high yield savings account. It is not FDIC insured, but the author explains how to minimize that risk. He explains it very well and makes a pretty good argument.
Once I re-balance, some of my money will be going that route. It will give me a chance to thumb my nose at Discover.
I have the Fidelity Cash Management account right now. I’ve had it for some time. I’m keeping their recommendation of $25k, which at this point has increased to $29k+.
But at this time I decided to look at Vanguards Federal Money Market account and compare the funds. Vanguard recommended opening an account with $3k. So that’s why I was wondering if anyone had any advice for me.
This is essentially what I do at Fidelity. I have almost all my non-CD, liquid savings in FZDXX which is pulling in 5.15%.
Our paychecks go here and I use the bill payer for things I cannot cycle through Paypal Bill Pay. We get our paychecks a day early and I have found the bill payer to be super reliable. Huge fan of the Fidelity account.