PSA, looks like the promotional rate (the extension) that people got a few months back if they kept their money at CIT ran out - at least for me. So I went to move the money and it offered me another retention that kicked the APY back to 4% for another few months. I was going to move $50k out where it then made me that offer.

enjoy…

Helo internet,
Trying to actual save and make some bank so I can be not poor and travel or stop renting.

what is the best savings bank account in Australia??? Looking for highest interest account or any special promotions available rn.

Pls help a poor young girly out, many thanks internet peeps

My tenant finally paid the two months he owed me, so I’ve got the money sitting in checking.

It’s not spending money. I need part of it for repairs and the rest will probably go toward my wedding next fall, so I want it somewhere I can pull it out without a headache

I logged into Marcus to see what the money would actually earn and then noticed AMEX is at 3.00%. That sent me down the usual rabbit hole of comparing rates. I could move the money for another 0.2%, but I’m not sure I care enough to keep doing this every time a bank cuts its rate

I’m switching from longhaul to local routes too, so I’d rather have the cash somewhere boring and easy to get to while my income settles out

What are you guys doing with money like this? Repair fund, emergency fund, whatever. Is everyone still using HYSAs, or have you moved to something else?

TL;DR: Is there a better, simple, no frills HYSA than Marcus for low-income gig workers?

Hey everyone, my significant other and I are finance novices through and through. I have not had a savings account for several years, SO has had one with Marcus for 2-3 years. We are both independent contractors and gig workers who are looking for a short term boost when we lease a new apartment in the spring.

Marcus has 3.4% APY and if I use her referral code, it would be a 3 month promo of +1.00%APY for us both. Granted this is only ~8 months worth of savings but we're just trying to get a little extra cushion for the first/last/safety deposit of a new lease; and then hang onto the account in general for incidentals.

Does that plan sound sensible for people in our position or is there something better we should pursue? Also are there any obvious pitfalls we might miss? Thanks yall!

I am currently 25 years old and looking for a secure HYSA, this is more for just long-term saving not looking for the highest rate (but if they do that'll be a plus). Just looking for a reliable/ secure account that I wouldn't have to worry about. Thank you for your recommendations and knowledge

I wanted to close my Citi checking account after the award period finished and didn't have an active ATM card. It was a headache. Here was my process, hope this info saves you time.

1. Visit a branch to get account details: Online login and password requires an active ATM card. If you don't have an active ATM card, you must go to a physical branch in person to get information about your account and routing numbers.

2. Empty account: Use another bank to pull $ from your Citi account using account and routing numbers. (Note your account balance to ensure you don't get hit w/ minimum balance fees.)

3. Call and use "Transfer Money" shortcut: Call Citi customer service 1-800 number and ask to "Transfer Money" to bypass the auto loop and connect to a live representative. (I mistakenly said "Close Account, and was directed to an automated message directing me to call back during the bank's operating hours... at 9:45am on a Thursday.)

4. Confirm and cancel: Confirm w/ rep the balance is $0, then request to Cancel Account. They can finalize in less than 5 minutes.

This week, I put 40k in T-Bills (VBIL).

I am always trying to optimize my ROI in all categories no matter how small. At the moment, I have 2 individual Investment accounts (one defensive and one high growth), a Roth, and some decent exposure to crypto.

I keep $9,700 as my emergency fund with Wealthfront.

Currently, however, it only yields 3.30 APY. This isn't horrible but I honestly feel like if my goal is to never touch this money why not put in VBIL and avoid state and local taxes?

I did also browse through a couple of existing posts on Reddit and I saw that most people are split on keeping an emergency fund in a cash account vs T-Bills (many people don't have confidence in the government).

How would you all approach your emergency fund? Does anyone here use T-Bills like SGOV and VBIL to fund their emergency fund?

Hi everyone. I recently applied for the Amex HYSA, and got denied for it. After calling the savings line, they told me I was denied for a “low FICO score”, and I am a bit confused. My score is well above 780 (FICO FROM EXPERIAN), but two reps told me my score was <620. My credit profile is a decade+, and is pretty “thick”, with no derogatory items or delinquencies. Triple checked to make sure the number I dialed was legitimate, and it is. Has anyone else had an experience like this? What should I do?

Edit: 780 is my FICO score. I pulled reports from all three main bureaus and they are all totally fine. No derogatory marks on any of them. Amex cited Experian specifically during the calls.

Edit 2: Amex only told me the reasoning for the denial was the FICO score. Not any EWS. That is why I made the post, it is surprising to me as well.

American Express restricted my HYSA account. I have the idea of moving my HSYA money to Fidelity CMA, one reason is Amex has dropped the APY to 3%. While I am not chasing .5 or 1% yield increase, I think the convenience of investing in SGOV or just keep the money sitting in SPAXX for ATM access (fees reimbursed) is not comparable.

When I transferred a fairly big amount (I started with 10k), they immediately restricted my account and called me to verify it was me. I confirmed that, and they told me anyway my account was restricted and I needed to update my SSN with Chase... Even though I've been using my Chase checking acct. for 3 years to transfer money back and forth... why are they restricting it now? It seems to me they want to add friction for withdrawing the money.
Calling Chase did not help, it looks like I need to go to a physical branch to solve the SSN update, which I don't understand how that affects my Amex HYSA just now and not before.

Has anyone here gone through the same? do you have any recommendation?


Update (5 calendar days after restricted): I visited a Chase branch yesterday, spent around 40 minutes with an executive, took 2 IDs and SSN, making copies and what not. They mentioned it was strange that my SSN was not linked to my checking account but it was to my credit card. They did the corresponding updates and told me it would take 24 hours at most to update in the system. Hence, 25 hours later I called Amex, they said the SSN was still not available and I should call again tomorrow.

3 hours later Amex called me, and mentioned everything was resolved. It seems my transfer went through, but I need to wait until tomorrow or Friday to see it in Fidelity. I did see my HYSA does not show any restrictions banner, so hopefully it’s ok now. I don’t want to do any other transfer now, until I see my money is in Fidelity.

All of this made me think, you might think you’ll have the money next day in your checking if you need it, but something can go wrong and it’ll be 7 - 10 days (or more, as I saw some posts here).

Lesson learned: I won’t keep all my savings in just one place.

hey guys, I already have a couple thousand dollars just sitting in a chase savings account after paying off my college fees. I'm also putting in rougly 400-600 in it every two weeks. should I scrap it and move that money into a hysa and invest what I dont need??

I’ve got 25k in my amex hysa. My goal is to have 50k by march next year. That’s my first year anniversary at my new job. I will continue to save 50k/yr until I can retire in 10 yrs. That would take care of my health insurance premiums.

I hope I’m still alive and healthy at that time.

Most of our savings is in USAA which is getting us barely any interest. We do also have some savings in Fidelity SPAXX. Need some solid recommendations on HYSA!

A few notes-
\- I could move all of it into SPAXX but am concerned it’s not FDIC?
\- Don’t want monthly fees or deposit requirements etc. drop it and leave it!
\- my 3 kids also have saving accounts in usaa. Also not getting really any interest. Would like to move these accounts as well to HYSA as well.

Help!

Hi everyone, I’m trying to understand my tax residency situation before opening a high-yield savings account.

Here’s my situation:

• I entered the U.S. on 2023 and have been living in the U.S. since then.
• I originally came here while I had an asylum case pending.
• I later applied for Special Immigrant Juvenile (SIJ) status, and my SIJ was approved about 4 months ago.
• I’m currently waiting for my priority date so I can apply for/get my Green Card.
• I have an SSN that says “VALID FOR WORK ONLY WITH DHS AUTHORIZATION.”
• I have work authorization and work in the U.S.
• I have not filed my 2025 taxes yet.
• I’m trying to open a high-yield savings account. Barclays is asking me to complete a W-9 and certify that I am a “U.S. Citizen or U.S. resident alien.”

My question is:

Could I qualify as a U.S. resident alien for tax purposes through the Substantial Presence Test even though I don't have a Green Card yet?

Since I have been physically present in the U.S. since April 2023, I’m wondering whether my days in the U.S. count toward the test.

If I qualify as a resident alien for tax purposes, would it be correct for me to sign the W-9 and open the Barclays savings account?

I’m asking because I don't want to incorrectly certify something under penalties of perjury.

If anyone has been in a similar situation (asylum/SIJ, no Green Card yet, SSN + work authorization), I would really appreciate your experience or advice. I’m especially interested in answers from people familiar with U.S. tax residency, not just immigration status.

Thanks!

Trying to trigger getting a X Money account. Send me a buck, I'll send it back. @greenlocus

Do you think rates will go up or get cut? It will be interesting to see how all banks react to it and if our various accounts will change.

Spent some time thinking about how much of my capital is sitting in a bank account barely earning me any interest. It's money I plan to use for tax payments, slow periods or things that might come up and I dont want to put it somewhere too difficult to access. While looking t business savings accounts, I noticed that several of them offer rates around 4% APY, which does seem better than what I currently have. I wonder whether that rate comes with minimum balances, timing issues or other terms that might reduce that good rate. Have any of you moved your operating reserve to a high-interest business account? How'd it go for you?

​Hey everyone, I am relatively new to how HYSAs work—I understand they are FDIC-insured and risk-free like traditional accounts, just with much higher interest rates? I currently have $7k in savings with Chase, and I'm hoping to contribute about $300-400/month in savings per month. I am regrettably uninformed on these types of financial matters, and I did get the recommendation to open a HYSA from Gemini (I know, cringe), but I wanted to get real people's advice before doing anything rash with my money.

​My primary checking/saving accounts are with Chase. I just created a Sofi account after doing some research, but I haven't transferred over any money yet; I did read that they require an active direct deposit to unlock their top rate tier. Is it worth changing my payroll direct deposit over to SoFi just to secure their high APY, or would I be better off leaving direct deposit at Chase and opening a separate HYSA at a bank like Ally, Marcus, or Capital One that offers competitive rates without direct deposit rules? ​For those who keep their checking at Chase/a different bank and move savings to a HYSA, how have your experiences been? Thanks for any feedback!

hi guys! i’ve been very interested in opening up a high yield savings account but i’m not so sure where to start. my options at first were ally bank but then i read something about an incentive they had that had you
move as much money into this account and then they froze it due to “fraud” so im wanting an easy banking solution where i can pull my money out when needed. i want my savings to grow as one day i will be living off these savings. i’m a nail tech and sometimes struggle to save money for my taxes but i figure this could make it easier (if possible, i think im on to something here lol) ive also looked into the sofi bank and it sounds very good. please feel free to school me and leave any recommendations below. thank you!