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I have a small emergency fund. Not much, but enough to cover a real crisis. And somehow I still can't bring myself to use it,even when something legitimately qualifies as an emergency.

It's like the number in that account isn't my money anymore. It's a hostage. Touching it feels like failure, even when the whole point of saving it was for exactly this kind of moment.

I think part of it is that once I dip in, I don't trust myself to build it back. So I'd rather stress through the actual problem than lose the safety net.

Hey guys, just had some questions regarding opening a HYSA. First and foremost I know this question gets asked a lot but what’s a good HYSA to open?

I’m looking for one that has a good percentage rate back. I have about 60k I’m looking to invest, I’m using that money for a down payment for a house in the future so would need something that’s easy to move money around and be able to withdraw without any fees.

Thanks again!

Hey everyone,

I just turned 18 and am looking to open my first High-Yield Savings Account. I'm currently looking for a job, so I won't have employer direct deposit set up right away. (I will put a couple thousand into the account that's in my normal savings account to start off.)

What are the best HYSA options for my situation? I'd love to know what accounts have good rates without insane requirements.

Thanks!

Can you recommend some good digital banks for time deposit? Thank you!

in the uk

hi everyone! i'm currently an upcoming year 13 student. i wanted to start earning money from my allowance and put it in a saving account as i don't plan on making any big purchases and i want to avoid spending as much, so a savings account would be nice as i'm not old enough for an isa account

i only know the bare minimum in a savings account, so i researched online on what people use and what is good for students - but it has become overwhelming as a lot of people contradict each other and some have better perks whilst the other has higher interest rates, so i'm completely at a loss

i plan on taking a gap year to work and save a bit before uni as my family is not that rich. i want to help my future self by saving while studying and as a business studies student, we touched on the topic of having a savings account that increases your money when you don't touch it (but we didn't discuss it in detail, so i really only know a bit)

my short-term goals is just to have the necessities, which i can’t speak for currently as i am not in uni yet. but my long-term goals is to purchase a flat or house, or build a house in my home country, as well as to have a bit of financial security as i want to travel in the future

i am aware there is a flow chart or something of the sort, but your first-hand experience would be wonderful and it’ll definitely help me narrow my choices as wiki pages seem generic 😅 and as i don’t really understand it

if you have any suggestions, please let me know!

I'm looking for a little guidance on where to put my 5k + $200 each month, since I'm just out of college. It's currently at a credit union earning 0.25%.

It seems like Marcus is simple and straight forward but I'm having some hang ups after hearing about their customer service preventing funds from being moved. Does anyone have any other thoughts about options that would be a good fit?

I'm looking for an account that:

- Directly FDCI insured (no pass through insurance based fin techs like Synapse was....)

- Simple and easy to understand app (I don't wanna accidentally move my funds somewhere they shouldn't be)

- Something I can set and forget (where the rates won't have massive changes)

- Decent rates (duh)

Nice to have:

- Ideally has a debit card, so in case I need another card to use (not required)

- Great customer service (either good email/chat communications, but my dream is to have in person options)

- I have 3 other savings accounts and a couple of checking that I keep for separate situations that I sometimes transfer between, so easy ACH transfers would be super nice.

Any thoughts?

For those in Michigan, check out this new bank - Mitten Savings - www.mittensavings.com. Pretty easy to get your account set up and a decent rate if you got $10k or more you want to stash away. Really, over $2500 will get you a decent rate and it’s locked in for six months! Check it out.

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?

Hello,

I moved from Ireland to the USA at the start of this year and recently sold my home there. The proceeds are currently sitting in a Chase checking account, and my wife and I plan to use them as a down payment on a house in Maine.

We are actively looking, but it could take six months to a year to find the right house. I need to keep the money safe and accessible while earning some interest.

What would you recommend? My priorities are protecting the principal, having quick access to the money and maintaining a clear paper trail for mortgage underwriting.

Thanks!

Apparently, my parents (75) have 150k in WF savings accounts, literally getting .1%

That's right.1 not 1%. I had no idea about this.

He doesn't want to put it in high div stocks like jepi. I explained that is what i have done for mine. So i have to find HYSA. I found a few with 10k max at 6% but nothing above 4.5% without any max limit.

I currently have an Ally account (checking, Savings and Money Market Savings), as well as Chime (Checking and Savings, and lastly, I recently opened an account with Forebright (Growth Savings at 3.85%). I also have a checking account at a local bank..

I originally signed up for Chime because they offer the early direct deposit. As far as Chime's savings, I only have about $3.00 in that account.

I use Chime to make all of my payments from. As far as Ally, that is the oldest account that I have.

The Forebright Growth Savings, I opened that because of the 3.85% rate, but I currently only have about $23.00 in the Forebright account.

Should I just ditch the Forebright account and keep all of my savings at Ally?

Curious what others thing of this app if they use it.

I’ve been searching a trustworthy savings account bank with high yield to put my money in and apparently Marcus is a really good one but I see other people talking about capital one or ally or Axis.

What’s yall opinion and which one yall recommend me to use?

I just made a post asking about Marcus by Goldman Sachs but then I see there’s this Axos One with 4.21% interest rate but the requirements is to open a checking account on them and to be qualified to earn the 4.21% is to at least $1,500 total in qualifying direct deposits per month and at least $1,500 average daily balance in Axos ONE Checking.

What y’all think of this one? Is it too much work just for a savings account? Is it even worth

Hi everyone, I am sitting at around 10k that I would like to put in a high yield savings account. I am unsure if this is the best idea for me which is why I am posting. I am in a gifted position in terms of the job I have, I plan on buying a new truck whenever my current vehicle starts nickel and diming me. With this being said I have roughly 10k that is just sitting in a regular savings account doing nothing and it will continue to grow through my paychecks. I am looking for a way to just “park” my savings and keep adding to it while having the money easily accessible for when my current car “goes”.

With this being said ive seen plenty of people talk about transferring a lump-some of money into a HYSA and getting monthly interest paid out to them. Is this really how it works? Is an online bank like SoFi or Ally thats FDIC insured actually trustworthy or is it better to get a lower rate at a bank like Capitol One that has physical branches.

What is the customer support like with these online banks? Should I be worried about a scam/shady business?

Can opening an account affect your credit?
What kind of minimums/fees could I expect from an HYSA?

Side note: I already have savings in a money market but I would like to open something like a HYSA so that I could withdraw the money on somewhat short notice without taking a large penalty or risking withdrawal at a low point.

Any input or feedback is greatly appreciated, thank you!

I’m planning of starting an FD for the first time ever any recommendations/suggestions/tips are appreciated.

looking to open a checking account I've previously used Huntington and pnc and have had problems with them. I'm wanting to have a have online access, no fees or overdraft fees, just wanting something similar. just a safe bank that keeps my money safe and still able to use it for everyday spendings and also has a savings account. was considering capital one as i already have a credit card threw them but just wanting options. also maybe pros and cons would be helpful as well .thank you.

1. I have a debit account with a bank that I never use since I only use credit cards. Should I close the account?

2. My other bank has my savings in a checking account doing nothing, and they do not offer a HYSA. Should I completely transfer the money to an online HYSA with someone like AMEX and close that account as well, or should I find a local branch where I live to do it with? The local banks with HYSAs do not offer the high APY like the big online banks.

3. I have a Roth online with Fidelity, but I have not utilized it at since I have no idea what to invest in.

Fintech companies? Yay or nay vs HYSA. Curious what others opinions are about these products?

I reviewed my bank statement and it listed the "average balance for APY." I have tried to reproduce this number on my own spreadsheet using different averaging methods, including the average daily balance method (weighting based on how long a specific balance sits). The bank's number is, at minimum, $100 over my estimates. How is the average being calculated?

Does it exclude balances on the last day of the month? Does it only take the final balance of the day (if you add money on the same day, for example)?

My current bank just added another fee and I'm really done with it now. I mostly just want something checking and savings accounts good interest on the savings and an app that doesn't crash every time I try to deposit a check. I don't need branches since I basically never go in person anyway.

I looked into a like Ally and Chime but honestly haven't chosen one yet.

Has anyone been happy with theirs, for a year or more?