🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi BUDGETING APP I RECOMMEND: Track, save, and take control of your money: alexisidro.com/Quicken
@@alexisidro I didn’t need any of the extra features SoFi offers. I just need something to just deposit with high APY. Plus I wasn’t sold with opening SoFi account with direct deposit. This helped me a lot whereas I was stuck between the two.
Like you mentioned in the video they have a super simple account dashboard and maybe the simple features makes them about to share a most consistent rate of return... i worry that other HYS ive heard start dropping the rates after a few months. @@alexisidro
I recommend SOFI because they have ATM’s everywhere!! Walgreens, Rite Aid, Duane Reade, McDonald’s 7-Eleven and many other places! I’m also considering to put my money in UFB direct bank 5.25 % interest!
Do these banks charge fees for transferring money out of the high yield savings account to another account in a different bank? Also, what is the process and fees to transfer money to these banks from another bank account (e.g. Bank of America)?
Unless it’s a wire transfer, there shouldn’t be ANY fees when transferring money from bank to bank. You just set up your account and that’s it. You can transfer. Wire transfers are usually charged to the sender. There’s a small fee which depends on the organization.
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
BUDGETING APP I RECOMMEND:
Track, save, and take control of your money: alexisidro.com/Quicken
I am going with CIT
Great! Other than the APY, what else did you like about it?
Man this was exactly what I was looking for. So thorough yet specific. Thanks a ton for putting this together!
Glad it was helpful! Which did you end up choosing?
@@alexisidro I still haven't made my decision. I'm still weighing my options with the information you provided tbh
Sounds good! Any questions I can help answer, you let me know!
Thanks for this. Opening CIT first thing tomorrow.
Great! Why did you go for CIT?
@@alexisidro I didn’t need any of the extra features SoFi offers. I just need something to just deposit with high APY. Plus I wasn’t sold with opening SoFi account with direct deposit. This helped me a lot whereas I was stuck between the two.
ive had CIT for 1 year with 230k - they never missed a beat. easy money ....
That's wonderful! What do you like about it the most
Like you mentioned in the video they have a super simple account dashboard and maybe the simple features makes them about to share a most consistent rate of return... i worry that other HYS ive heard start dropping the rates after a few months. @@alexisidro
Do they offer an ATM card?
If you have the checking account, yes.
They offer it with the Savings Connect @ 4.65%@@alexisidro
I don't like how SoFi requires you to have a Direct Deposit to get the high APY.
CIT-Platinum is the winner for me in this comparison.
Sounds good! Let me know how you like it! CIT is a good choice for sure.
I recommend SOFI because they have ATM’s everywhere!! Walgreens, Rite Aid, Duane Reade, McDonald’s 7-Eleven and many other places! I’m also considering to put my money in UFB direct bank 5.25 % interest!
Thank you for sharing!
Кто то ещё пользуется кэшем? Зачем? 🤦♀️
I have Sofi, but I’m only getting .50 for my checking account and it is directl deposit?
You need to set up direct deposit and open the high yield savings portion.
@@alexisidro I did that.
SOFI now has Zelle. Does CIT?
Yes, they do.
I'm not sold on SoFi
I’m curious, what do you like or not like?
Do any of these banks charge a fee or make it difficult to close an account?
From the ones I've seen, they're usually easy to close. Of course, i can only speak to the ones I've used.
Do these banks charge fees for transferring money out of the high yield savings account to another account in a different bank?
Also, what is the process and fees to transfer money to these banks from another bank account (e.g. Bank of America)?
Unless it’s a wire transfer, there shouldn’t be ANY fees when transferring money from bank to bank.
You just set up your account and that’s it. You can transfer.
Wire transfers are usually charged to the sender. There’s a small fee which depends on the organization.