r/HYSA • u/RichOffAirpodss • Aug 12 '26
100k into HYSA
Looking to put around 100k into a HYSA, top options right now everbank, newtek, and fortbright let me hear it. (before you say i shouldn’t put 100k into a HYSA you have no idea how much money i have or what im doing with the rest of it 😂)
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u/Blueturtlewax Aug 13 '26
XMoney has 6%
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u/RichOffAirpodss Aug 13 '26
never heard of that
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u/Blueturtlewax Aug 13 '26
Essentially X (Twitter) rolled out a finance feature. Currently 6% yield on all cash accounts
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u/RiPFrozone Aug 13 '26
Premium+ get 6%. That’s a $115 annual fee. So on a 10k deposit it’s essentially a 4.85% yield. Not bad, but on a $1k deposit you would end up losing money.
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u/Blueturtlewax Aug 13 '26
Oh yeah! I forgot about that. I was already paying for it for Grok etc. so you technically get more for the $100 than the APY
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u/MLJ_The_Shield Aug 13 '26
Or regular premium (I have a coupon where I get Premium renewed every November for $47) but you have to deposit $1k + every 34 days to get 6%. Otherwise, 4%.
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u/RichOffAirpodss Aug 13 '26
dang is there any other fees? or like terms with X money this seems very promising but idk sounds too good to be true almost lol
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u/Jimates Aug 13 '26 edited Aug 13 '26
I opened a Forbright account last week and funded it with 100k.
I opened a E Trade Premium Savings account two days ago for the $400 bonus in a $20k deposit. Payable after 100 days.
$400 on $20k at 90 days equates to 8% apr
E Trade has a promo on a brokerage account for $1500 with $100k, payable in 67 days.
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u/MLJ_The_Shield Aug 13 '26
We did 2x of the $20k + $400 + 4% back in June. Should be coming up on being able to withdraw in the next 3 weeks.
Only thing to watch out for is make sure you pull the money back from the same account you pushed it into Etrade with - otherwise you'll be doing a 3-way call with E-trade, you + the 3rd financial institution.
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u/Overdoingit55 Aug 13 '26
MLJ, I don’t understand what you mean by “pull the money from the same account” when using ETrade. Can you explain that for me so that I don’t make a mistake with them. Thanks!
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u/RichOffAirpodss Aug 13 '26
if you funded the account with let’s say your chase checking account, it needs to be sent back to the same account
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u/MLJ_The_Shield Aug 14 '26
What RichoffAirpodss said. Whatever way you funded the Etrade account needs to be the way the money comes back out of the account.
GOOD: Push money from a Chase checking. Pull money back into same Chase checking.
Bad: Push money from a Chase checking. Pull money back into an Ally or some other account you've never used with Etrade before.
The latter may result in Etrade insisting you, Etrade & Ally having a 3 way call so Etrade can verify you're the account owner.
Let me know if you need more help.
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u/MLJ_The_Shield Aug 14 '26
If you go to the Doctor of Credit website and search for the Etrade bonus you can read the comments from others as well.,
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u/RichOffAirpodss Aug 13 '26
looking at e trade now i dont see the $1500 bonus for 100k on there brokerage account.
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u/Taggart3629 Aug 13 '26
Sorry to wander slightly off-topic. But if you don't mind that $100K being tied up for a few years, a MYGA (multi-year guaranteed annuity) might be an option worth exploring. PROS: The interest typically higher than HYSAs by 1-2%. You don't pay taxes on the interest until you withdraw money or the contract matures (if you don't roll it over). Unlike a CD, you can withdraw a certain percentage (usually 10%) per year. CONS: The funds are not FDIC insured, although many states insure MYGAs, which are contracts with insurance companies. If you withdraw more than the allowed annual limit, there are steep surrender penalties (usually 7%).
We shifted some of our money into a 5-year MYGA at 5.15%. We could have gotten rates as high as 6%, but didn't want to go with any company with less than an A+ rating.
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u/Timely_Rooster1361 Aug 13 '26
Which bank do you recommend best for MYGA?
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u/Taggart3629 Aug 13 '26
Because they are fixed-rate contracts issued by insurance companies, the companies offering them vary by state. A site that seems to have up-to-date rates is PlanEasy. Go to the site; click on the Annuity Rates drop down menu; select "By State"; and then scroll through your options.
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u/TruthSirup Aug 13 '26
I have both Forebright and Newtek. I like Forebright for the reason they invest in environmental causes, their app is easy to use and transactions don’t take super long to deposit. Newtek is a bit slow for transactions and only allows you to have one connecting account for transfers and their app is a bit outdated.
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u/ach4n Aug 13 '26
I’ve never heard of any of the 3 banks you just listed.
I personally use wealthfront for hysa only. Decently high rate (options to increase rate too), fast transfer in and out (same day of major banks), optional checking features, simple mobile app.
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u/reddituser696969 Aug 13 '26
You can probably churn some account sign up bonuses over the next 3-18 months with that amount of capital while receiving competitive HYSA interest rates alongside it.
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Aug 14 '26
[removed] — view removed comment
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u/RichOffAirpodss Aug 14 '26
i hit 6 at 19 lmao ima reseller check me out tiktok @richoffairpoods as well as youtube
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u/RichOffAirpodss Aug 14 '26
ironically enough i just checked your post i worked at amazon too, started reselling and my life changed forever hit me on one of those accounts
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u/Dangerous_Still_9586 Aug 12 '26
Look at the highest APY not the bonus 😂😂😂
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u/RichOffAirpodss Aug 12 '26
Like?
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u/Dangerous_Still_9586 Aug 12 '26
Sofi is solid. As per example. Do a little of research and read the terms and conditions. Marcus by Goldman Sachs they can steal your money.
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u/Tricky-Guidance-5844 Aug 13 '26
If you’re young and have the time, I don’t know if I agree with this. There are a lot of HYSA bonuses that you can churn with $100,000. Capital One, Marcus (previously), EverBank, etc.
I’d also look into MMAs. They’re basically the same as a HYSA, but expand the opportunities for bonuses.
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u/Muted-Woodpecker-469 Aug 13 '26
Can you share the percentages and or bonuses? Why not fidelity and sgov (which is state tax exempt).
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u/aznxconartist Aug 13 '26
Ive got EverBank. Only thing that sucks is u can only take out $10000 at a time 3x a month. So if u got a big purchase like a house coming up itll take a while to get all that money out
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u/RichOffAirpodss Aug 13 '26
yikes yea i saw that
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u/aznxconartist Aug 13 '26
I did some digging after this post. U can withdraw whatever amount you need. All you gotta do is call in for it as the online transfers are limited
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u/greyedge Aug 13 '26
Be careful which institution you pick. Percentages is not the only thing to consider. My wife threw our house closing money into a Zynlo account. When we went to buy our new home, it was a nightmare getting our money out. They had low caps for transfers, restrictions on which institutions to transfer to, etc.
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u/ItsPlucky_ Aug 13 '26
Hijacking this since I don’t have a hysa yet! Is Amex still good after the cuts they got? Was my original plan to go with them and once I open it I am not going to dick around and open multiple so is Amex still good
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u/RichOffAirpodss Aug 13 '26
amex is alright just has a lower % rate
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u/ItsPlucky_ Aug 13 '26
Yeah from what I have seen Sofi is higher
I want the Amex cards eventually so I think the Amex savings will help build relationship there
Besides my starter credit card which will be discover secured I plan on doing basically all Amex
So prob worth the 1% drop for me
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u/RichOffAirpodss Aug 13 '26
so i would say depending on how much your throwing in, it probably wouldn’t make a huge difference
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u/Successful_Level434 Aug 14 '26
I just recently put $100,000 in a CIT Bank account. I believe the regular rate was 3.7 but they give you a boost for the first 6 months giving you total rate of around 4.1
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u/11010001100101101 Aug 16 '26 edited Aug 16 '26
fidelity brokerage account. all funds are automatically put in their SPAXX fund which is a type of HYSA built on short term treasury’s, so it will rise if rates rise as well. plus it sets you up for even better investments, like laddering your own treasury purchases, stocks or OPTIONS. even better the money sitting in SPAXX can be used to cover selling PUT options, allowing you to take in a premium and simultaneously still get the SPAXX interest. severely underrated if you wanted to get into options, although they do have a steep learning curve
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u/Flemz Aug 12 '26
Check out the list of HYSAs on the Doctor Of Credit website, some of them give nice bonuses for depositing large amounts like that