I was about to go with Argyll’s idea to stash away liquid $$'s with Alliant CU. Rates are getting ALMOST unbearable… 
Really the best option at the moment, if you don’t have ads on cd’s that mature soon, is the TIAA savings account at 1.40% with a 1 year rate lock. Yes NBD is at 1.5% and some others are still at 1.7% but odds are not good for liquid rates to remain above 1.5% imho. And I am not putting it past Alliant to drop to 1.00% on June 1.
1 Like
My liquid funds are parked at CIBC for now @ 1.45%. Nothing to write home about, but better than stashing them at Alliant for a quarter point less.
Alliant has never offered a top-tier rate. In fact, they are always one of the first to cut rates. They know their role.
They have been much slower than most to cut rates. They always adjust on a monthly basis.
Today’s drops(probably Friday’s drops but this is the first chance I’ve had to check them):
Comenity Direct Savings was 1.70% now 1.55%
Varo Savings was 1.61% now 1.41%
Vio Online Savings was 1.60% now 1.50%
Live Oak Personal Savings was 1.55% now 1.35%
Rising Bank High Yield Savings was 1.55% now 1.40%
Purepoint High Yield Savings was 1.50% now 1.25%
6 Likes
Anyone use CIBC? I have a few Ally no penalty CDs that are expiring soon (2.3%!) and the renewal would be 1.35% (with their 0.05% bonus). A colleague of mine uses CIBC and they are offering 1.45% right now. I kind of don’t want to sign up for new banks because of information sharing (yes I’m paranoid), but a 0.10% upgrade seems worth while. I am considering just keeping the Ally no penalty account since I’ve been mostly happy with Ally.
I’ve been using CIBC. I signed up for their $400 promo a few months ago.
They are extremely bare bones in terms of their website, but I like the rate. I would recommend.
Today’s drops:
UFB Direct High Yield Savings was 1.70% now 1.61%
UFB Direct Money Market was 1.70% now 1.61%
Popular Direct Ultimate Savings was 1.60% now 1.50%
ConnectOneBank High Yield Savings was 1.50% now 1.25%
Capital One Online Savings was 1.50% now 1.30%
Investor’s Bank Money Market was 1.25% now 0.75%
Notification on All America Bank and Redneck Bank that rate will change on 5/21/20 from 1.50% to 1.35%
3 Likes
Today’s drops:
First Foundation Online Savings was 1.75% now 1.60%
HSBC Direct Savings was 1.60% now 1.30%
Comenity Direct High Yield Savings was 1.55% now 1.45%
All America and Redneck Money Market accounts was 1.50% now 1.35%
Brio Direct High Yield Savings was 1.40% now 1.25%
Discover AAII Online Savings was 1.30% now 1.20%
Discover Online Savings was 1.25% now 1.15%
5 Likes
I’m checking NBD a couple of times each day. Their rate is becoming “higher”, merely by remaining stable as other rates fall.
If financial institutions are gonna cut, today is the day to do so. We have a three day holiday weekend upcoming with no way for us to extricate our funds until next Tuesday!!
It is a good day to be depositing money online into PurePoint, though. 
Four days of double interest is sweet.
@shinobi I know it’s a tenth of a point lower but have you thought about just opening a TIAA account with the 1 year rate lock at 1.4% for some peace of mind?
Today’s drops:
Rising Bank High Yield Savings was 1.40% now 1.30%
CIT Bank Money Market was 1.40% now 1.30%
CIT Bank Savings Builder was 1.30% now 1.25%
CIT Bank Premier High Yield Savings was 1.25% now 1.00%
Prob’ly a good idea. But I’m hopelessly addicted to PurePoint’s instant interest. Not sure I can break free.
@shinobi I’m not sure I understand. You can play the Purepoint instant interest game whether you have liquid money in NBD just the same as having liquid money in TIAA or am I missing something?
No, you’re right.
I dunno. Guess I’m sort of settled in with Alliant, NBD, and PurePoint. I’ll probably end up regretting it. Did have one of those locked accounts with TIAA way back. Closed it.
There is nothing whatsoever wrong with TIAA. Just have too many accounts already.
1.4% APY locked is a great rate, though. Thinkin’ about it.
ETA
OK, zzz, you shamed me into it!! I telephoned the bank to ascertain my eligibility. Here is my data point:
TIAA has a REALLY long memory. I did have one of the Yield Pledge accounts with EverBank (remember them?) which was closed way back in 2014. But that long ago account makes me ineligible to open one of the locked 1.4% APY accounts today.
TIAA, which swallowed EverBank, is akin to the elephant. They DO NOT forget!!
So zzz, you got me to thinking.
I checked & I have a very old TIAA account. They are called Yield Pledge, I have the Checking $10.23 & Savings $1.86. The one you mentioned is called Yield Pledge Money Mkt 1.4% guaranteed for 1 yr $500 to open.
Tomorrow, think I’ll open it… I’m now using Patriot Bank, Money Mkt 2.26% but only good for a couple more months.
Any more advice, zzz? 
I too am using Patriot but the rate guarantee ends either end of June or end of July - can’t remember which but I need to figure that out. My only other advice is what I did last month and that was to sign up for a rewards checking account. I chose one that is currently paying 3.3% on 20k. It has four requirements: sign up for e-statements(easy one time only requirement), sign into your online account at least one time each month(easy as I sign in daily or sometimes multiple times daily), a Direct Deposit(this is easily accomplished by pushing any amount from Alliant to this account), and 15 debit card transactions(this is easily accomplished through 15 $1 reloads on my Amazon account to my gift card balance). The last requirement obviously is the most time consuming however once I saved my debit card to my Amazon account, each reload took less than a minute. Online banking gives you a checklist and shows you your progress. As soon as you meet the requirements the interest rate changes to 3.3% and the amount of interest accrued so far that month updates to however much you’ve earned. It uses the same online banking system as Patriot so I didn’t have to learn a new system. I always shy’d away from these accounts in the past but honestly it has been super easy to accomplish the requirements and earn the 3.3%. I really like that the online banking that shows you your progress and then how the interest rate and interest accrued immediately updates once you’ve met the monthly requirements. Obviously no guarantee how long the 3.3% rate is going to last but I am pretty confident that when the rate decreases, it will still be far higher than other liquid offerings. I am happy with it and even when rates go up, will likely still use it for liquid money assuming the rate stays higher than other offerings. Never thoguht I’d see myself saying this about a rewards checking account in a million years! Also it’s only $55 a month in interest on 20k but as @shinobi said in another thread, that’s grocery money! 
3 Likes
Thanks zzz…
You certainly have all the information right here. Only problem I have is those 15 debit transactions. I have avoided Reward accts for that very reason. But I think the TIAA Money Mkt 1.40% $500 to open, good for 1 yr, is probably the way for me.
@pattyb53 you don’t have anything you can pay with a debit card that would be easy like Amazon gift card reload? For example, my Verizon internet bill can be paid online and I can make $1 payments towards it using a debit card so I could also accomplish 15 debit card transactions that way instead of Amazon.