Best Nationally Available High APY Liquid Accounts

Popular Direct Savings was 1.65% now 1.60%

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I’m not familiar with them, but Nationwide is paying 1.70% on savings.

https://nationwide.axosbank.com/Personal/Savings

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Nationwide is on your side.

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Nationwide deposits were acquired by Axos Bank which uses the Nationwide brand name.

These are abnormally high rates and one wonders how long they might sustain them.

You have experience with nationwide? Or does anyone else? Is this just a teaser rate?

Today’s drops:

Web Bank Savings was 1.51% now 1.31%
Investor’s Access MM was 1.35% now 1.25%
Envision Bank Savings was 1.20% now 0.90%

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Ken is also featuring a new offering at 1.70% with a 25k + balance. NO rate lock :frowning: :

What is the Checking account with 1.30% apy called? I don’t see it on their website…

I think I misread something. I can’t find the interest rates for checking on their site.

MagnifyMoney says Nationwide has a 1% checking account:

https://www.magnifymoney.com/blog/reviews/nationwide-bank/

Just got an email from American Express that they dropped their savings account rate to 1.3% today. It was at 1.5%.

You didn’t misread. The first day I also saw the 1.30% Checking. Gone now!

Axos Bank has rewards checking of 1.25% but you have to jump through hoops ($1000+ monthly direct deposit and 15 debit card transactions per month).

https://www.axosbank.com/Personal/Checking

Ok, so the higher checking acct is really just a rewards ck acct. I refuse to jump through those hoops.

The original post was with Nationwide.axosbank 1.70% on savings. This sounds pretty nice, but then again, how long will it last? Right now I’ve been putting my liquid funds in Patriot Bank mm 2.26%. Probably that rate will drop off in a couple months.

Jumping from bank to bank is really very annoying.

Today’s drops:

CIT Money Market was 1.55% now 1.40%
American Express Savings was 1.50% now 1.30%
Tab Bank Savings was 1.50% now 1.10%
Citizen’s Access Savings was 1.50% now 1.30%
CIT Savings Builder was 1.45% now 1.30%
Discover AAII Savings was 1.45% now 1.30%
Discover Savings was 1.40% now 1.25%
Able Bank Money Market was 1.40% now 1.25%

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…which is why I don’t bother

Purepoint is now down to 1.25% APY, effective this Friday morning. They do it on Friday to lock up your money for the weekend.

Good heavens: Just realized PurePoint is now paying less than Alliant!

Anybody think Alliant will lower their savings rate before end of May? I mean yeah, sure, they are gonna decrease their rate. But will they do so on an “unscheduled” basis? I dunno.

But because it is easy to do I will risk moving a chunk of dough from PurePoint to Alliant. Or maybe I’ll take my chances at NBD instead.

ETA

Just checked and NBD remains at 1.5% at this hour.

ETA

OK, sorry my mistake. Alliant has already lowered their savings rate all the way down to 1.2%! I missed that cut. It got past me.

Geez. This has become ridiculous!!

OK, just discovered the wormhole which will allow me to escape the aforementioned mess for a few weeks:

When is a CD not a CD and is instead (almost) liquid money?

When it’s an add-on CD that matures in only several weeks! Just rediscovered a stupid seventeen month add-on CD at NFCU paying 3.25% APY and maturing early in June. Current value of that CD is a paltry $52. It’s gonna grow a LOT!! :wink:

FYI, those CDs tend to have a max. The one I have at NFCU that matures in June maxed at $50K.

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Agreed. The max is $50k. But that is still a LOT, at least to me. I’m gonna be able to put in nearly the entire max since only have $52 in the account at present time. It’s a sizeable help in this situation. 3.25% APY blows away anything else out there right now.

Yes it does… Those add-ons are still great, but to bad, most end early this year. I still have a 3% add-on that ends in October. My problem with it is that I’m over my max insurance.

Luckily I’ve got that Unify Financial CD 2.25% with add-on feature that matures 7/24/21.