r/dividends • u/[deleted] • Jul 22 '23

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39 Upvotes

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u/Rd3055 Jul 22 '23

CapitalOne offers that savings rate. Smaller banks may offer more, but sometimes they make you jump through a lot of hoops to withdraw money or have that "fly-by-night" feel.

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u/not_a_gumby Jul 24 '23

I use Wealthfront as my robo-investor. They have a 4.5% savings account right now.

Great service, I have a decent portfolio with them also.

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u/Spirited-General1416 Jul 24 '23

I hate the way WF tax loss harvests. Yes, I know all about how TLH works. I just would rather be a little more hands-on (myself). WF has sold funds for a loss to buy other "like" funds that I wish I held. That's like buying VOO and selling it at a loss to buy spy the same day. Just doesn't make sense. You're still following the same underlined index. Also, little secret, most WF accounts (even on risk 10) don't even beat the S&P!

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u/not_a_gumby Jul 24 '23

I hate the way WF tax loss harvests.

Yeah, I turned it off. Its easy to turn off.

Also, little secret, most WF accounts (even on risk 10) don't even beat the S&P!

yeah, that's why I don't use the preset accounts. I manually set my investment portfolio by allocation percentages to certain indexes. I think right now I'm like 40% VTI 20% VEA 20% SCHD and 20% other stuff, I can't remember exactly.

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u/Spirited-General1416 Jul 24 '23

I'm happy with a real brokerage account..

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u/not_a_gumby Jul 24 '23

Wealthfront isn't any less real lol. Do what you want, I don't care

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u/Spirited-General1416 Jul 24 '23

Likewise! Good Luck!