View The Best Interest Rates on Our Website: clearvalueinvesting.com/content/community-post/where-to-put-your-money-earning-interest-through-savings-accounts-checking-accounts-and-certificates-of-deposit-cd/
I'd say wait a bit longer because interest rates are most likely going to go higher over the next year when "new policies" are improperly implemented by the incoming administration.
@@ginob615 Not complicated. More tax cuts and getting the FED to lower rates should theoretically increase stock prices because more money is floating around in the pockets of wealthy people. But the one warning is if there is less demand for USA treasuries (debt). This results in higher interest rates and less buying of stocks. Having said that, stock valuations mean nothing when it comes to the health of the economy.
I've had a savings account with CIT bank online for over a year now (4.9% APY for most of that time, recently dropped to 4.5%) and my money has earned more in 1 year sitting in that account than it ever has sitting in my 'big bank' for over a decade. I regret not doing this sooner!
@@cj3735 Vanguard is lower but Fidelity has the bill pay option and they were really helpful transferring funds after my mother died. Who do you prefer?
My Amex high yield savings has done well for me. Only recently lowered to 4% following Fed cuts. My Fidelity SPAXX has been comparable, but may now be higher.
I have SoFi high -yield savings and I get 4.2%. (down from 4.55%) Loving it. Has made me over a thousand dollars over the last year and half as we save for a house.
UFB interest rate is 4.57% for high-yield savings and it's covered by FDIC. Downside - they are slow when you request money transfer. Thank Brian, Love your channel.
yea I'm with UFB also but its already dropping there, mine just went down to 4.18 from about 4.5x, I started at a little over 5%, maybe, 24 months ago. I have no issues with UFB, their transfers are kind of slow, thats my only complaint.
The best place to store cash risk free is in T-bills, either directly buying them or via an etf like SGOV. You cut out the middleman and get a break on state taxes. If you don't mind small risk, you can try a floating rate bond etf like FLOT or an AAA CLO etf like JAAA which will get you around 100 bp over the overnight.
My local community credit union is paying 5.4% interest on checking balances up to 25k. It's the best place to store an emergency fund and is where I have mine. Savings is only 0.25% though
I’ve used Ally for years. Absolutely no problems with them. At this time I’m in government Tbill. The current rate is 4.6% and my state NM cannot tax them but they would tax non government monies. Except maybe munis.
I use CIT bank and i've kept my savings with them for years. They offer I think 4.5 or 5% right now. The main draw back with them are that it takes about 7 business days for your money to settle once you've deposited it into the account. But after that, withdraws are just as fast as any other bank, you can wire and do all the normal stuff. So I keep my emergency fund and 'dry powder' in my account to earn interest much higher than most CD's which don't give you the liquidity that this does.
I've been very happy with Wealthfront lately. However, interest rates are dropping so I'm gradually transitioning everything but 6 months worth of living into ETF's.
I use RH and also Titan. Titan had a 6% promo when you referred people to use them, so I got around 120 days of 6%, then went to 5, now its fluctuating a bit around 4.81%.
chase, has this savings through their JP Morgan. you have to add 100k in it. and you get around 4%. Once you add the money they say you can take it out and be under the 100k with no penalty. obviously the rate has dropped, but its WAY, WAY better than their savings of 0.01 I wont have to worry about this because i don't have 100k extra laying around, but i was reading about it in line at the bank. Hope this helps someone.
Bread Savings 4.75% (was 5.15 before the rate cut last month) mobile app isn’t the greatest but it gets the job done , have had to call customer service before, no issues very helpful
Amex HYSA gives 4% APY and Amex CD gives 4% APY. Capital One checking gives .10% APY, and Capital One 360 savings gives 4% APY, and Capital One CD gives 4.50% APY.
I pay the $5 a month for Roinhood gold (Use a lot of the tools they offer) and get the 4.5% on my cash. I keep enough cash on hand to cover 3 to 4 months of bills so nice to get the high rate. The rest is all invested. Just opened a 5 year CD for my grand daughter. My credit union had higher rates than what you showed. :-)
View The Best Interest Rates on Our Website: clearvalueinvesting.com/content/community-post/where-to-put-your-money-earning-interest-through-savings-accounts-checking-accounts-and-certificates-of-deposit-cd/
2:55 My Banking direct is the online bank I use and they have a 5% interest rate, so far I haven’t had any issues with them
I'd say wait a bit longer because interest rates are most likely going to go higher over the next year when "new policies" are improperly implemented by the incoming administration.
We need a stock market video based on Trump winning Brian!
You missed Uphold paying 4.95% FDIC insured on USD
@@ginob615 Not complicated. More tax cuts and getting the FED to lower rates should theoretically increase stock prices because more money is floating around in the pockets of wealthy people. But the one warning is if there is less demand for USA treasuries (debt). This results in higher interest rates and less buying of stocks.
Having said that, stock valuations mean nothing when it comes to the health of the economy.
I've had a savings account with CIT bank online for over a year now (4.9% APY for most of that time, recently dropped to 4.5%) and my money has earned more in 1 year sitting in that account than it ever has sitting in my 'big bank' for over a decade. I regret not doing this sooner!
Cit bank is the best. American help number workers as well.
most people dont know online banks even exist.
Fidelity SPAXX 4.45%
I have my cash here too 👍
my fav
keep in mind the expense ratio of 0.42% eats into that
Regardless it is still pretty good
@@cj3735 The 7 day yield already accounts for the expense ratio. So 4.45% is the rate you earn.
@@cj3735 Vanguard is lower but Fidelity has the bill pay option and they were really helpful transferring funds after my mother died. Who do you prefer?
Vanguard's Treasury Money Market VUSXX is at 4.71% and the dividends are tax exempt for most state income taxes.
that state tax exemption may have changed as they may not be holding 100% treasuries now.
Wealthfront uses greendot bank giving 4.5% and is a hybrid checking/savings account
Capital one 360 savings is pretty decent.. 4%
I don't know why he didn't mention that. 🤔
@@sead5794they didn’t pay him for the ad like the one he mentioned he uses
Nice
@@sead5794 their cd accounts are pretty good as well
UFB Direct is 4.57%
EverBank Savings in Jacksonville FL, 5.05% - SOFI 4.20%
Be cautious with Everbank!
Hard to withdraw the money!
Switched to SoFi this year. So far so good. 4.2% on savings accounts
Love SoFi I have it
Same
Wealthfront 4.5%
Can't peach this enough.
I thought that company doesn't do high yield savings . 😳 I'm confused
Wealthfront is the best. This where I keep my savings.
My Amex high yield savings has done well for me. Only recently lowered to 4% following Fed cuts. My Fidelity SPAXX has been comparable, but may now be higher.
I have SoFi high -yield savings and I get 4.2%. (down from 4.55%) Loving it. Has made me over a thousand dollars over the last year and half as we save for a house.
I use SoFi for savings, it’s 4.2% so long as my direct deposits are continually deposited
SOFI 4.2%
UFB interest rate is 4.57% for high-yield savings and it's covered by FDIC. Downside - they are slow when you request money transfer. Thank Brian, Love your channel.
yea I'm with UFB also but its already dropping there, mine just went down to 4.18 from about 4.5x, I started at a little over 5%, maybe, 24 months ago. I have no issues with UFB, their transfers are kind of slow, thats my only complaint.
I have the same one! UFB has been reliable
Used to be 5.25%
The best place to store cash risk free is in T-bills, either directly buying them or via an etf like SGOV. You cut out the middleman and get a break on state taxes. If you don't mind small risk, you can try a floating rate bond etf like FLOT or an AAA CLO etf like JAAA which will get you around 100 bp over the overnight.
What about credit unions like schools first federal. Just curious. Love the channel. Supporter.
Wealthfront 4.5, I also bank with capital 1 as well, all FDIC insured
Credit unions may have better rates in some situations
Yes they do 👍.
Barclays-4.50%
American Express-4.00%
Wealth front is very good online one too
AMEX high yield Savings is another good one
Not competitive in last twelve months (I have one)
@ Oh good to know, thank you
Look into using a local credit union instead of a bank. Mine offers 3-5% depending on specific requirements.
Webull has also been doing a 1-2% boost on top of their 4.25%. Been getting 6.25%
Good tip, but 2% is only up to 10k
Still, 5.25 is better than most presently
My local community credit union is paying 5.4% interest on checking balances up to 25k. It's the best place to store an emergency fund and is where I have mine. Savings is only 0.25% though
Synchrony at 4.30 High yield savings account
Yup I so far have 3700 in it will put in much more every month. FDIC insured as well so ppl know
Is this month a good time to borrow from the bank? I keep getting offers through the mail.
I’ve used Ally for years. Absolutely no problems with them. At this time I’m in government Tbill. The current rate is 4.6% and my state NM cannot tax them but they would tax non government monies. Except maybe munis.
Capital One offering 11-month CD 4.50%.
#4. You’re retired and don’t want to lose money in the stock market.
😂 exactly
Even if you’re retired and want less volatile assets, you should hold something like gold or bonds to hedge against inflation
imagine being old
Robinhood 4.5%
Chime 2%
PayPal 4.30%
I hold some excess cash in SPAXX in my Fidelity account. Currently at 4.45% though it's been dropping. Most of my cash is invested.
I’ve been banking with UFB Direct for the entire year now at a 5.2% APY. Using it as my tax money storage account and it’s been great no issues!
UFB has been good, but you should check again as the 5.25 % rate is gone probably down to 4.57% like my account
you are correct but still pretty good
How do you feel about ( Chime ) are thay good to use or no....?
I use CIT bank and i've kept my savings with them for years. They offer I think 4.5 or 5% right now. The main draw back with them are that it takes about 7 business days for your money to settle once you've deposited it into the account. But after that, withdraws are just as fast as any other bank, you can wire and do all the normal stuff. So I keep my emergency fund and 'dry powder' in my account to earn interest much higher than most CD's which don't give you the liquidity that this does.
Betterment 5%
Thanks Brian 🙂
My credit union in philly just went from 4% to 3.44%
SOFI 4.20 %
What are your thoughts on Treasury bills? I have been doing them for a while. They have recently been 4.6% on a 4 week
My credit union is 4.75%!
Whats the name of your union?
Just purchased agency bonds @ 6.25% on Fidelity, callable in 3 months and no state tax.
AMEX
Is there any downside to brokered tnotes, tbills, cds at BofA and ml? Same as cash, just ladder it
I've been very happy with Wealthfront lately. However, interest rates are dropping so I'm gradually transitioning everything but 6 months worth of living into ETF's.
Question: Where would you keep down payment amount for the home, if the timeline to hold that amount is between 6-9 months.
Using SOFI HYSA and at 4.2% .
I use RH and also Titan. Titan had a 6% promo when you referred people to use them, so I got around 120 days of 6%, then went to 5, now its fluctuating a bit around 4.81%.
Thank for your Honesty.
Thank you!!!
Thank you for this info ... Really like my locale Credit unions ... Not bad
Thanks for the update Brian appreciate you brother
Thank you for all the support Mark!
Sofi 4.3%
I use Barclays. Love them
PenAir credit union offers 4.2% per 6 months CD. Not bad for 6 months.
Using 5% cds for rainy day fund the rest is going towards the mortgage
chase, has this savings through their JP Morgan.
you have to add 100k in it. and you get around 4%. Once you add the money they say you can take it out and be under the 100k with no penalty.
obviously the rate has dropped, but its WAY, WAY better than their savings of 0.01
I wont have to worry about this because i don't have 100k extra laying around, but i was reading about it in line at the bank. Hope this helps someone.
I got a Marcus CD account at 4.7 - 9 months before it dropped
SoFi has been amazing to bank with and offers 4.3 APY currently.
Bread Savings 4.75% (was 5.15 before the rate cut last month) mobile app isn’t the greatest but it gets the job done , have had to call customer service before, no issues very helpful
SoFi just changed but their savings are at 4.20% with direct deposit set up.
Checking also at 0.50%
Ally is good but I use credit unions instead of banks.
American Express checking and savings are about 4%. I have both
Robin Hood had a 1% withdrawal fee iirc. So that 4.5 ends up being like 1% depending how much you take out.
Sofi and Capitol One.
Marcus and CiT, holding up well
Isn't SGOV better than online banks?
Acorns 4.35% - been doing me great
I'm surprised you only mentioned SOFI once in this video. Do you not recommend SOFI as an online bank?
I've a CD with synchrony bank. Their selected CDs and online savings rate is at least 4% .
IB pays over 4. Fidelity cash management pays 2.8
how about money markets? Last time I checked getting around 5% give or take, many not FDIC insured.
Sofi 4.2% on savings
straight to the point. see you next month
PO box restriction is due to KYC and Patriot act. Ran into this issue before.
Amex HYSA gives 4% APY and Amex CD gives 4% APY.
Capital One checking gives .10% APY, and Capital One 360 savings gives 4% APY, and Capital One CD gives 4.50% APY.
I am holding Cash to have a Reserve & i currently dont have a job due to the bad job market in canada.
I pay the $5 a month for Roinhood gold (Use a lot of the tools they offer) and get the 4.5% on my cash. I keep enough cash on hand to cover 3 to 4 months of bills so nice to get the high rate. The rest is all invested. Just opened a 5 year CD for my grand daughter. My credit union had higher rates than what you showed. :-)
Thanks Brian. Question, how about credit unions? What do you think?
Personally, I like credit unions oneme6076.
Any opinion on Apple high yield savings?
Great HONEST video
I bank with Sofi and the experience has been great. They offer 4.2% plus other memeber benefits.
PayPal Savings is currently 4.3%
Yup Synchrony does the banking and is FDIC insured
Brian thank you. First bank cd options are 4% as well.
CD👎🏻👎🏻
Thank you Brian, can't wait till lunch to watch. I already dropped that like
Thoughts on Wealthfront savings account?
Golden 1 credit union
Credit Union West in Arizona is offering a 5.1% 9 month CD with a minimum of $500.
SWVVX - 4.68% today.
I’ve used this before. But is that rare before or after expenses ratios are taken out?
4 wk tbills have been outstanding. And I would never put my money in a bank, Credit Unions are the way to go.
I have a high Yield savings with Sofi at 4.3%. I keep my checking with my Brokerage Fidelity at 2.25%
I'll be looking at Sofi more for next video, that seems very popular.
@@clearvaluetax9382 Nice, definitely will watch. I like bank and have had no complaints so far.
I use varo and aside from the inconvenience of having to find atms, the interest rate is worth it
You can get 4.00% from Capital One performance savings right now, so no need to be locked into a CD.
Question: Why would I prefer to have CD if the on line bank offers better interest rate?
The purpose would be to lock-in the rate.
Jenius 4.8 down from 5.5
synchrony bank 4.30% on savings
American Express high yield savings account fdic insured 4%
PNC also has high yield savings accounts
PNC high yield is 4.17% for me right now
And what about all of the people who are unemployed with no job. Should they be holding onto cash? Interesting video.
Poppy Bank HYSA is 5.35% right now for 3 months. UX is pretty dreadful but the rate is worth the pain.