Axos My Savings pays 1.7% APY:
Link to the My Savings account
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Yes, this sounds good. Just wonder how long it might last. Here today, gone tomorow.
Yes, this is the Nationwide account I posted about 11 days ago(post #1744). I don’t know much about them, no personal experience with them, but I have found only mixed reviews.
Sorry for the repost. I did search under “Axos” and under “My Savings”. Failed to search under “Nationwide”.
Many of these reward checkings have been relatively stable. They compensate for yielding 3.3% on up to $20k by all the accounts that somehow miss one of the requirements and get nearly 0% for that whole month.
I was with consumers CU until they made their reward checking requirement hit a specific monthly amount. Not only was it 12 debit transactions but also at least $100 in these transactions. That kinda killed my Amazon credit scheme since I didn’t want to load up $100 each month to get their 3+% rate.
I’m tempted to look at Vertical if all they require is 15 transactions of any amount. But 3.3% on $40k (2 accounts) isn’t a lot but it’s better than what my Citi Accelerate Savings account yields currently (1.55%). $110/month vs. $52 for maybe 30 min of work monthly is not too terrible an hourly rate for my emergency funds.
When I first noticed the Nationwide post Savings 1.70% $100 to open, sounded pretty good.
I went ahead last week & started the application.
No problems, today account opened. I received my acct # & logged on to acct. Within an hour later I see the rate is now showing 1.61%. I did call the bank, it took some time to get a rep. He thinks that when I fund the acct it will revert to the 1.70%. Not sure about his information.
We have that TIAA Money Mkt 1.40% $500, guaranteed for 1 year. “A bird in the hand”
@pattyb53 It looks like they dropped the rate today to 1.61%(updated rate comes up on the website). I doubt you’re going to get the 1.70% rate because there’s no rate guarantee and they probably dropped everyone’s rate. But you never know, fingers crossed for you!
Today’s rate drops:
Nationwide Axos Bank Savings was 1.70% now 1.61%
UFB High Yield Money Market was 1.61% now 1.51%
UFB High Interest Savings was 1.61% now 1.51%
Western Bank High Yield Money Market was 1.60% now 1.35%
Popular Direct Ultimate Savings was 1.50% now 1.35%
Web Bank Savings was 1.31% now 1.11%
For those with 25k +, a 1.70% rate is still available, no idea how long it will last…
Also any thoughts on what Alliant is going to drop to next Monday?
You had to bring that up!!
Monday could be a tough day right across the board.
I got an email today - CIBC down to 1.35%.
Well you snooze you lose. It looks like Neighbors Bank is honoring the 1.70% rate for those who have the account but they’ve stopped allowing new sign ups. There is only an option to input your email for a waitlist.
Today’s drops:
CIBC Online Savings was 1.45% now 1.35%
Barclay Online Savings was 1.30% now 1.15%
PenFed Online Savings was 1.25% now 1.15%
So disappointed in Barclays. They used to be rate leaders, now seem to be one of the first ones to drop. Marcus will probably follow - UGH.
For me it’s NBD and PurePoint. Just checked. Both are holding so far this morning.
But with Monday coming feel reverse positioned in a guillotine, back toward the ground, staring up at that blade, descent nearly inevitable . . . but when?
http://www.dollarsavingsdirect.com/
1.5% savings account. Subsidiary of Emigrant Bank.
Today’s drops(probably Friday’s drops):
CFG Bank High Yield Money Market was 1.62% now 1.50%
SFGI Direct Savings was 1.56% now 1.36%
Comenity Direct High Yield Savings was 1.45% now 1.35%
Rising Bank High Yield Savings was 1.30% now 1.20%
Sallie Mae Money Market was 1.15% now 1.10%
Tomorrow is the first day of the new month. Will be interesting to see if more banks drop their rates tomorrow. I’m personally interested to see what Alliant does. Regardless, I’m feeling good with my add on CD’s and TIAA 1 year rate guarantee, well as good as I can feel in this environment of dropping rates.
All quiet at PurePoint and at NBD . . .
. . . . so far.
Patriot Bank Money Market at 1.75% remains the best liquid offering that I’m aware of. If you sign up now, the rate guarantee has been extended to 7/31/20. After the rate guarantee expires, the regular rate applies. The regular rate remains 1.75%. Not sure how much longer this is going to last!
If you didn’t get in on the TIAA rate guarantee at 1.40%, you’re too late. There is still a 1 year rate guarantee for new sign ups but at 1.01% instead.
It appears the only drops today are:
TIAA High Yield Money Market was 1.40% now 1.01%(12 month rate guarantee)
My E Banc Money Market was 1.30% now 1.20%
Alliant High Rate SAvings was 1.20% now 0.90%
Envision Bank Saavy Savings was 0.90% now 0.80%
As much as I am annoyed about the Alliant drop, and I am very annoyed, I have noticed that Alliant has been very aggressive compared to many other banks in dropping their rates, HOWEVER, by the time the next month is about to hit, many other banks have also dropped their rate to about the same threshold so I am taking heed and expecting by the end of June to see many other banks around the 1% or sub 1% mark. Absolutely terrible!