No problems with EverBank limits for me. I also have their MM account which I use for checking. Don’t write many checks, so simple transfers between accounts.
Mobile banking is fine.
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Fidelity money market accounts rates. BTW funds with high opening minimum like FZDXX do not require you to maintain the balance. It can drop to nearly zero and they will not close the account.
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An update on the CapOne 360 Savings saga. Trump’s CFPB dropped it back in Feb due to cuts, but the NY AG sued on 5/14 and C1 settled on 5/16 for $475M. You probably don’t pay that much that quickly if you didn’t break the law. I don’t think it had anything to do with the Discover merger, which completed on 5/18. Could the NY AG have stopped it if they didn’t settle? I’d think it’s too late, even if they have jurisdiction.
I expect to receive a few pennies 
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Is this similar to the lawsuit filed against MS/ETrade for the nearly zero interest rate paid on brokerage cash?
I’ve been a fragile member for many years. Been connected to various money schemes through the years. Today I made a move to cancel old accounts that have small balances. First one, Salem 5, had $3. in the old savings 2+% account. Telephoned Salem 5 and Rep informed me their e0ne Savings was now 4.01% APY. I’ve decided to hold tight on Vanguard etf funds for now and instead move maturing CD’s into 4% Savings. I have several high % interest Savings acounts and now to start using Salem 5 again. Sound strategy??
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I think there’s nothing wrong with consolidating maturing CDs into savings especially if you expect a rising fed rate environment.
But then why not move liquid assets into T-bills? The last T-bill 4-week auction was 4.28%. And that 4.28% interest is state-tax exempt which for me moves it to just over 4.5% APY tax-equivalent yield compared to savings. Since I have trouble finding savings accounts with competitive APY consistently, I pretty much moved all my semi-liquid assets into either T-bills or for cash into MMF linked to short-term treasuries.
Another reason for that move was my broker automatically re-investing the proceeds of each T-bill maturing into the next auction, making it just about as autopilot as a savings account, albeit with the slightly lower liquidity.
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I’m consolidating CD’s as they mature. I’ve chosen savings, as percentage rates are pretty consistent with CD rates. I agree with you that T-bills should be my choice but considering time management, I think 
MMF or Savings is easier.
I have managed my Vanguard portfolio on my own with help from my brainy son who has an agent. Having a broker who automatically deals with re-investing your T-bills at maturity is your advantage.
Cash 
flow nowadays can be very high on my list. I believe your point is valid.
Don’t you have Fidelity? It supports automatic reinvestment (auto roll) for T-Bills.
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Alternatively, you could also pick MMFs at other brokers that hold mostly treasuries so that you can take state tax exemption on most of their earnings. Funds like VBIL, FDLXX, GABXX, or USFR.
Savings accounts 4+% and Vanguard ETF’s are not a bad investment plan. I’m comfortable with it and my CPA says pay taxes and don’t worry.
Sure there are tax advantages available and I might consider looking later. But for now life is good.
Per My Money Blog -
“The top saving rate at the moment is from HUSTL Financial at 5.00% APY (no min), a division of Vantage West Credit Union, member NCUA (and thus not a fintech)”
This is the rate for their Money Market account (no monthly fees or minimums and no transaction limits).
Have no idea how long this rate will last…
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Update: HUSTL Financial MM account reduced to 4.80% APY from 5.00% APY
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Update: HUSTL Financial MM account reduced to 4.40% APY from 4.80% APY
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This is now at $4.10%
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Discover Bank stopped accepting applications for Money Market a couple months ago and for all deposit accounts yesterday. Most likely they’re consolidating with CapOne. RIP old friend.
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Marcus sounds great. But I opened VIA Bank instead. I’ve had a few old CD’s maturing lately and rather than considering same schedule I’m going to Savings or MM for now. VIA bank 4.04% is working well.
CineFi (no minimum balance) is new at 4.50% APY for a savings account (a division of First Entertainment Credit Union).
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