Do you have any of these accounts? If so, which one(s) and why - Enjoy! Direct links mentioned in this video: 🏦 SoFi Checking & Savings (Up To $325 Cash Bonus): dannysully.com/SoFi 💸 Marcus By Goldman Sachs (+1.00% APY): dannysully.com/Marcus 💵 Wealthfront (+0.5% APY): dannysully.com/Wealthfront 🎥 High Yield Savings Accounts For Beginners ua-cam.com/video/UCjP87-u74Q/v-deo.html 🐷 Free Savings Account Mastersheet: moneytalkmonday.ck.page/savings-account-mastersheet
After watching your video on HYSA for beginners I switched my savings over to one and have made $157 since then! It’s sad that with inflation so high, if we don’t pay attention to our money management we are basically losing value in our accounts. Thanks for the videos. They are informative, concise and well done.
Facts,I’ve been telling People we’re losing value on our money so if they’re not going to invest at least leave money on High Yield Savings Accounts that have good interest but the Person I told is too scared to move that money to another Bank because he’s been with his Bank for Decades even though they only offer 0.01% interest rates🤦🏽♂️instead of get 5% or higher and knowing he’s definitely got a good amount saved that he could get possibly get 1K a month or more if he listens to me about High Yield Savings Account
I just binged all your videos the past two days. Thank you so much for all this valuable information! Subscribed and going to keep tabs on this channel going forward.
Great question! And thanks for noticing! I do like CIT bank and yes I have done so in a previous video last year. For this video I first wanted to narrow it down to only a few options. For an account meant for the highest flat yield possible, currently UFB direct offers 5.25% and CIT Bank is 5.05%. I wanted to select only one high flat yield account for this video. Nothing wrong with CIT at all, I think it is a great resource to utilize. UFB Direct currently is just giving out a higher flat yield. Thanks for the comment and for watching my content, it means a lot to me!
This video on the best high yield savings accounts of 2024 is a real game-changer! 💰💼 It's incredibly informative, breaking down the top options for maximizing savings in the current financial landscape. With interest rates constantly fluctuating, having this kind of up-to-date guidance is invaluable for making smart financial decisions. Whether you're saving for a rainy day or working towards a big goal, these accounts offer a fantastic way to grow your money while keeping it safe. Definitely a must-watch for anyone looking to optimize their savings strategy!
Hey Danny, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
The fed March meeting noted rates stayed unchanged but there will be more cuts this year. This was only a few days ago they met. Great question! Banks like Ally can change their rates however and whenever they want though.
They have risen significantly over the past 2 years as the fed has hiked rates. They will still give out higher yields than traditional ones mentioned like Chase, Wells Fargo, etc even in times of low rates.
Do you have any of these accounts? If so, which one(s) and why - Enjoy!
Direct links mentioned in this video:
🏦 SoFi Checking & Savings (Up To $325 Cash Bonus): dannysully.com/SoFi
💸 Marcus By Goldman Sachs (+1.00% APY): dannysully.com/Marcus
💵 Wealthfront (+0.5% APY): dannysully.com/Wealthfront
🎥 High Yield Savings Accounts For Beginners ua-cam.com/video/UCjP87-u74Q/v-deo.html
🐷 Free Savings Account Mastersheet: moneytalkmonday.ck.page/savings-account-mastersheet
After watching your video on HYSA for beginners I switched my savings over to one and have made $157 since then! It’s sad that with inflation so high, if we don’t pay attention to our money management we are basically losing value in our accounts. Thanks for the videos. They are informative, concise and well done.
That is great! Thank you for sharing, that means a lot to me to hear that. Thank you for following my content!
Which bank ?
@@magno408_1 it’s a Capital One 360 Performance Savings Account.
I deposited $7000 in July of 2023.
Facts,I’ve been telling People we’re losing value on our money so if they’re not going to invest at least leave money on High Yield Savings Accounts that have good interest but the Person I told is too scared to move that money to another Bank because he’s been with his Bank for Decades even though they only offer 0.01% interest rates🤦🏽♂️instead of get 5% or higher and knowing he’s definitely got a good amount saved that he could get possibly get 1K a month or more if he listens to me about High Yield Savings Account
Girl can u share the bank
I just binged all your videos the past two days. Thank you so much for all this valuable information! Subscribed and going to keep tabs on this channel going forward.
Wow that means a ton!! I appreciate you very much, thank you! I’ll continue to do my best!👌
Syncrony bank has a very good rate too, i have my hysa.
What about the Raisin banking network? They have some high APY accounts...
What about CIT Bank? I was sure it was your video that convinced me last year and still paying over 5%.
Great question! And thanks for noticing! I do like CIT bank and yes I have done so in a previous video last year. For this video I first wanted to narrow it down to only a few options. For an account meant for the highest flat yield possible, currently UFB direct offers 5.25% and CIT Bank is 5.05%. I wanted to select only one high flat yield account for this video. Nothing wrong with CIT at all, I think it is a great resource to utilize. UFB Direct currently is just giving out a higher flat yield. Thanks for the comment and for watching my content, it means a lot to me!
I'm with CIT for a year now. Interest paid at months end like clock work. Presently at 5% down from 5.05%. Luv them.
You are so hepful.. Thanks a lot🙏🏽👍🏽
I’m glad to hear that! Thanks for your kind words!
@@DannySully I have used your advice for my Roth Ira and index funds
Thank you so much for educating us how to save our money. 🙏
Of course! And thank you for your kind words!
Great video!! Thanks
Thank you! I’m glad to hear that :)
If compounded daily with Ally, shouldn't you actually earn more than $435?
This video on the best high yield savings accounts of 2024 is a real game-changer! 💰💼 It's incredibly informative, breaking down the top options for maximizing savings in the current financial landscape. With interest rates constantly fluctuating, having this kind of up-to-date guidance is invaluable for making smart financial decisions. Whether you're saving for a rainy day or working towards a big goal, these accounts offer a fantastic way to grow your money while keeping it safe. Definitely a must-watch for anyone looking to optimize their savings strategy!
Thank you for this comment, it means a lot!
What about Raisin?
What is the required minimum to deposit in Ally to get the high interest rate?
For Ally, it is $0.
Hey Danny, I just watched your video and I must say that it was really informative and well-made.
I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel
Does Ally have a minimum deposit to start receiving the high interest rate?
No they don't!
Hi,
Do I still earn interest in my Sofi HYSA on the amount that is deposited so far if the direct deposits stop?
It will reduce to 2.5% apy
Hey bro do we have notify IRS about the gains on our HYSA?
Yes, a 1099-INT form will be created for you!
@@DannySully thanks dude
What’s your opinion on the moomoo 8.1% for new accounts?
what are the eligibility requirements with moomoo?
Almost went to chase lol gonna keep them for checkings tho 😊
Nice! I love using Chase for their credit cards!
I just signed up for Ally but they are now at 4.25%. Was there a Federal Reserve rate cut since you made this video?
The fed March meeting noted rates stayed unchanged but there will be more cuts this year. This was only a few days ago they met. Great question! Banks like Ally can change their rates however and whenever they want though.
@@DannySully Ah ok. So they probably lowered their rate based on expectations of future rates.
What are your thoughts on the AMEX high yield savings account?
Solid account! It was in my considerations but there are so many, I wanted to narrow it down to 6.
What about American Express savings account?
That one is solid as well!
I will try this
Thoughts on discover ?
Also a solid one to consider joining!
Stay away for now with capital one possibly buying them
Can you cover Health Savings Accounts?
I for sure will add that to my list, thank you!
Your referral link doesn’t work, send me your link!
Hey, which one exactly is it that doesn’t work? Thank you for letting me know!
checkout the SOFI 2% IRA Boost as well.
Yes that is neat they are doing that as well!
Bask Bank is 5.10%
But how long have these HYSA been at these high interest rates ?
They have risen significantly over the past 2 years as the fed has hiked rates. They will still give out higher yields than traditional ones mentioned like Chase, Wells Fargo, etc even in times of low rates.
Sofi is annoying to open.
That's true, they ask me basic question when I applied and they also send me a message to gather more my personal information
FFS it’s pronounced Al-lie bank. No credibility with this content creator