Best Nationally Available High APY Liquid Accounts

You’re a person on a mission. Thank you.

1 Like

Sorry if this is already posted. I did search. Unable to locate:

Ken featuring a CIT Bank NPCD paying 1.7% and locked for eleven months. Seems a decent interest rate and rate lock length. Here is Ken’s writeup:

Decent NPCD at CIT Bank

After the first few days this becomes a fully liquid account.

ETA

Ken has posted an important update to this deal. His update is available in the comments at the above URL.

1 Like

Today was a good day, only one drop:

SFGI was 1.85% now 1.71%

Another CIT deal that I didn’t see:

Earn a $150 or $300 bonus. New or existing accounts.
$150 for $25k, $300 for $50k of new money locked for 90 days.

Savings Builder is 1.75%, can change at any time.

https://cit.com/cit-bank/savings-builder-account-bonus-spring/

1 Like

Spoke with Grow Financial earlier today. Can report as follows:

The 2.75% APY Grow Promo MM account gravy train pulls into the station at close of business next Tuesday night on its final run. Commencing next Wednesday the interest rate on our Grow MM accounts, no longer “Promo”, will reset to 0.45% APY. That rate is subject to change at any time. The current interest rate can be found on the Grow website.

It was a wonderful run while it lasted, but it’ll be over very soon . . . very soon indeed . . . sadly. :anguished:

Thanks for this info…
I’m going to wait until Wed to move my funds out. I have a pretty sizable $$ amount that has been collecting 2.75%. I will leave a small amount in the account just to keep it open. What a pity. :cry:

This year’s money situation is going to take some planning. Most of my add-on accounts end this year 2020. Think I was lucky when I opened Unify Financial 2.25% CD add-on with $5000 down, maturity 7/2021. Unify also has 2 penalty free withdrawals. (could help for savings & a great CD pop-up)

Hopefully something may turn up to help with our High Liquid Accounts or CD accounts. I’ll keep watching… :relaxed:

No rate drops yesterday and none today either. We had one increase today - Comenity Direct - was 1.55% now 1.70%

4 Likes

With a nod to the Bard, the salad days are over at Grow Financial. There is bad news and there is worse news. First the bad news:

Here are the current Grow MM interest rates:

Balance less than $1,000 0.00% 0.00%
Balance of $1,000 to $9,999.99 0.20% 0.20%
Balance of $10,000 to $24,999.99 0.30% 0.30%
Balance of $25,000 to $49,999.99 0.45% 0.45%
Balance of $50,000 to $99,999.99 0.70% 0.70%
Balance over $100,000 0.80% 0.80%

Next, even worse news:

The above rates were set back on first of March. Watch for them to re-set tomorrow morning! And if they do change, do not anticipate those rates will go up!! I certainly don’t!

How bad will this become? We shall know in the fullness of scant little time.

One positive:

I’m not detecting a low balance penalty, aside from loss of interest. So it might not be necessary completely to close your account. Will be watching this, though.

Bank5Connect dropped from 1.40% to 1.20% today.

Tomorrow is the 1st of the month so we will see what Alliant drops to. I’m holding out some hope that it won’t be too bad. There are still a lot of big online banks that they seem to compete with holding rates fairly steady such as: Marcus(Goldman Sachs) 1.7%, American Express 1.7%, Discover 1.5%, Purepoint 1.5%, Ally 1.5%. I’m even a bit hopeful that they just drop from 1.6% to 1.5%. If they drop too much lower, it would be one of the first times(at least in my memory) that they would ever truly not be in the mix and competitive with these other banks.

4 Likes

Here are the new Grow Financial MM rates, effective April first:

Balance less than $1,000 0.00% 0.00%
Balance of $1,000 to $9,999.99 0.10% 0.10%
Balance of $10,000 to $24,999.99 0.20% 0.20%
Balance of $25,000 to $49,999.99 0.30% 0.30%
Balance of $50,000 to $99,999.99 0.50% 0.50%
Balance over $100,000 0.70% 0.70%

Note these rates are subject to change at any time.

Ouch - Alliant’s rate dropped to 1.35%

2 Likes

PurePoint is holding at 1.5% for balances of $10k and over. In addition they continue to feature the “instant interest” feature which offers an extra day’s interest, even on deposits which only are going to be there for a short time.

The PurePoint 1.5% rate is dated today. But it can change any time and I don’t trust 'em not to change the rate tomorrow, or before week’s end, especially if they receive large inflows of unwanted money.

2 Likes

Just off telephone with Grow. OK, here’s the deal:

First of all, the wonderful 2.75% APY Promo rate is gone, good-bye, auf wiedersehen, sayonara. It’s over. Promo accounts, as of now, pay only the very low Grow MM rates I posted earlier today. Compare those with the Alliant rate posted by zzz, with the PurePoint rate I posted earlier, and with other even HIGHER rates out there!

So you figger just clean 'er out, right? Not so fast, pardner. You must leave at least $200 in some account at Grow (can be in savings) or they will hit you with a $10 service fee on first of May.

Proceed with caution.

Thanks shinobi… I gave up waiting on the phone. Are you going to keep the $200 in acct to keep it open?

I have other “fish to fry” before my ACH cut-off time of 10 am PT. I’ve got that 3% add-on CD but it’s only good until 10/20, Or go with my Unify 2.5%, good for another year+. Since I’ve used up my Alliant ACH for today, I can decide tomorrorw.

I hate so much to lose Grow. It’s been good for us, :cry:

For now, yes. Later? Might pull the money and my membership. I hate giving up memberships . . . but it’s a lot of money.

Truer words . . . . . . . .

Today’s rate drops:

Communitywide FCU Quarterly was 2.00% now 1.50%
Communitywide FCU Monthly was 1.90% now 1.10%
Varo was 1.92% now 1.61%
Able was 1.70% now 1.40%
Alliant was 1.60% now 1.35%
Self Help was 1.19% now 0.74%

6 Likes

These rate changes are enough to drive a person crazy… :flushed:

Yesterday I noticed Western State Bank, High Yield MM 1.85%. I thought it might be worth checking out. But today I see a rate drop to 1.60%. IMPOSSIBLE!!

In April I have 2 more CD’s that mature. Where to put these funds? Guess I could just flood my add-on CD’s. Or maybe put these funds into low paying savings & relax, hoping our money process improves someday. :relaxed:

Today’s rate drops:

Simple Bank was 1.75% now 1.55%
Envision Bank was 1.50% now 1.40%

@pattyb53 I’m still seeing Western at 1.85%

For those who got in on Ally’s 1% bonus offer a few weeks ago, you should receive one of these very soon:

Good news — your cash bonus is being calculated. All that’s left to do now is maintain the funds in your account through 6/30/20. Remember, any withdrawals made during this time may reduce your bonus, so keep your money parked. You’ll receive your cash bonus on or around 7/30/20. Don’t forget — your account must remain open in order to receive your bonus.
A few things to keep in mind:
• The email address used to enroll, honkinggoose@flying_vee.com, must match the email address on the Ally Bank Online Savings Account, Money Market Account, or CD you deposited funds into.
• Cash bonus applies to net new funds (in other words, funds moved from another financial institution to an Ally Bank account), not your total balance. Net new funds must remain in an eligible Ally Bank account through 6/30/20.
• Withdrawals may reduce your bonus amount, so make sure your money stays parked.
• Minimum cash bonus is $10 ($1,000 deposit) and maximum is $250 ($25,000 deposit).