WILD BATTLE! Capital One vs Discover vs SoFi High Yield Saving Battle. Which is BEST?
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- Опубліковано 27 чер 2024
- We compare Discover vs Capital One 360 vs SoFi. We also cover Discover Capital One merger.
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
💳 Get Capital One Credit Card ($50 bonus): alexisidro.com/CapitalOne
A few notes: A few notes: Today we compare SoFi, Capital One 360 and Discover High Yield Savings accounts (HYSA), and which gives the best benefits, and this is coming from someone who's used these organizations in the past. We go over the interest rate, maintenance fees, minimum deposits, and overall, which is better in my personal opinion and experience. Al of this with the hopes of helping you make better decisions for yourself, and improve your personal finance (remember, I'm not a financial advisor).
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Helpful links and resources:
BANKS:
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
💳 Get Capital One Credit Card ($50 bonus): alexisidro.com/CapitalOne
BUDGETING APP I RECOMMEND:
Track, save, and take control of your money: alexisidro.com/Quicken
CREDIT CARDS I USE:
💳 Chase Sapphire Preferred (for Travelers): alexisidro.com/Chase
💳 Capital One Quicksilver (for Beginners building credit): alexisidro.com/Quicksilver
Times:
[0:00] SoFi CapitalOne 360 and Discover
[0:24] Addressing the Capital One and Discover merger news
[1:55] My Experience with mergers and cautionary notes
[2:54] Best feature comparison
[15:21] Head to Head!
[17:41] Which recommend to my younger self?
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DISCLAIMER:
I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
AFFILIATE DISCLAIMER:
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WOW!! I didn't know that.
I have Sofi as my primary with direct deposit set up. I have funds in my HYSA for emergency at 4.6%. I also have Wealthfront at 5.5% for house savings. And lastly have Amex HYSA at 4.36% with emergency funds but am thinking I should close that account and move those funds to either Wealthfront or SOFI. Lastly have Wells Fargo for easy access to ATMS should I be traveling and want straight forward atm access and Zelle.
Im curious; why do you have multiple accounts and not combine a few?
@@alexisidro Amex was my first HYSA and I’m going to move all those funds to SOFI at the end of this month. Will keep SOFI as primary and Wealthfront for emergency funds and home purchase money too at 5.5% APY
I gotcha! Working on buying a house soon here as well! Let's do it
Is that $5,000 deposit separate deposits or one deposit?
The way they worded it was seeming like as long as I make deposits of $1,000 or more, and do 5 of those, then i can get the $300. It doesn't really say if I can use the money or not. Do you know?
Thanks for the question! I would call customer service to get their own explanation.
Capital One is my cup of tea. Best online ,brick & mortar hybrid approach
For sure! Seems like a great option for hybrid approach. Are there any other features you like about it?
I like the fact that I don’t have to have direct deposit with Capital One in order to get high decent APY unlike SoFi . For me, Sofi has too much going on the app UI . I like simplicity and minimalist approach. I don’t like to have all my eggs in one basket ecosystem
Makes a lot of sense! Thanks for sharing