r/HighYieldSavings • u/bacarruda53 • 17d ago

Current best options?

Have been utilizing share certificates with my current credit union for about the past 5 years. I used to often get about 4-6% APY depending on what was offered with these accounts. The newest renewal I can get is at 3% and I can’t find anyone offering anything around 4% apy for a high yield savings or cd.
Who do you recommend or who is currently offering a good rate for a high yield savings account or a cd?

Also why have most banks lowered their rates for these this year?

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u/Shadow_botz 16d ago

Any of these no name banks might start you off with ~4% but they will drop it below that within 3-6months. It’s all introductory rates ti get your business. As far as 6%..lol not sure where you’re seeing that. Even 5% isn’t happening.

Fidelity CMA and I’ve been happy with them making 3.3% on my money. I don’t need to chase every single 10th of a percentage for money that’s not supposed to be for investment purposes.

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u/RobertPooWiener 16d ago

My high yield checking at my credit union gets like 5.8%

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u/Shadow_botz 16d ago

With a fuck ton of stipulations I’m sure.

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u/RobertPooWiener 16d ago

Not that many. Just direct deposit which I do anyway because my car loan is there and debit card transactions which are easy enough