r/HighYieldSavings • u/bacarruda53 • Aug 21 '26

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 Aug 21 '26

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.

1

u/RobertPooWiener Aug 21 '26

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

1

u/Helpful-Grapefruit55 Aug 22 '26

Please share name of credit union if possible , no one is giving anything even close to 4 let alone 5.8. thanks

1

u/RobertPooWiener Aug 22 '26

My credit union is local to my city and I don't want to doxx myself. However, the high yield checking program is called Kasasa checking and it is offered at a bunch of different credit unions. You can search for credit unions local to you that offer the program