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5.15% Performance Savings: High Yield Savings Account

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Bank savings interest wealth percent

https://www.everbank.com/banking/...ce-savings
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5.15% Performance Savings: High Yield Savings Account
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Created 05-02-2024 at 12:41 AM by MoeOney
in Personal Finance (6)
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Last Edited by JohanM1228 | Staff May 16, 2024 at 10:10 AM
Other HYSA accounts to consider:
BrioDirect
UFB Secure Savings
CIT Bank

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Joined Sep 2005
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spam
05-02-2024 at 01:48 AM.
05-02-2024 at 01:48 AM.
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.

Anybody has experience with this bank?TIA
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thedowg2
05-02-2024 at 07:38 AM.
05-02-2024 at 07:38 AM.
Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.

Edit: You can see recent rates on TreasuryDirect.gov by going to https://www.treasurydirect.gov/au...a-results/

To buy them on TreasuryDirect, first log in, then go to BuyDirect, then choose Bills (1 year or less).
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Last edited by thedowg2 May 2, 2024 at 08:47 AM.
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ElatedHorn679
05-02-2024 at 08:12 AM.
05-02-2024 at 08:12 AM.
Quote from spam :
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.

Anybody has experience with this bank?TIA
I've been w/ them since around 2004. They were one of the first online only banks at the time so they had a lot of online features other banks at the time didn't. Most banking has caught up by now, but they are still good for high yield accounts and lack of banking fees. They were sold to TIAA who merged it w/ their service, and now TIAA was sold to private investors who are renaming it Everbank. The TIAA merger had some hiccups which was the only time I ever had issues with them. I expect more hiccups as they rename again, and it's worrisome that this is a private investment group. I moved my daily banking to Schwab after the TIAA merger but still kept my account due to the high interest received.
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Joined Feb 2010
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Binar
05-02-2024 at 08:14 AM.
05-02-2024 at 08:14 AM.
Is it hard to move money to and from them ?
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gnarlyfarter
05-02-2024 at 08:14 AM.
05-02-2024 at 08:14 AM.
Quote from spam :
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.

Anybody has experience with this bank?TIA
This bank bought tiaa bank and then resurrected an old name for its new bank. I was a tiaa bank customer, and now an everbank customer. They are efficient and keep promises.
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Junoon123
05-02-2024 at 08:14 AM.
05-02-2024 at 08:14 AM.
In case if someone wants to know, i have been banking with Everbank for more then 10 years now. It is one of the best bank. You can even buy foriegn currency with Everbank.
I have on occasion added and removed thousands and never had any issue with them.
Thank You
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FlogixFlogix
05-02-2024 at 08:15 AM.
05-02-2024 at 08:15 AM.
Quote from thedowg2 :
Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.
where? I don't see anything like this on treasury direct.
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nd4spdbh
05-02-2024 at 08:16 AM.
05-02-2024 at 08:16 AM.
Quote from thedowg2 :
Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.
+1 to tbills, way better off having something like a vanguard account doing tbills, and a better well known bank with physical branches earning ~4% in a HYSA vs putting it all in a no name bank with no physical locations
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Junoon123
05-02-2024 at 08:16 AM.
05-02-2024 at 08:16 AM.
Quote from spam :
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.

Anybody has experience with this bank?TIA
Yes, i registered with Everbank back in 2007 5 year or so later TIAA bought Everbank and now it's back to everbank. Both of them were excellent as far as i am concerned.
Thank You
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SmellyCat
05-02-2024 at 08:16 AM.
05-02-2024 at 08:16 AM.
Quote from spam :
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.

Anybody has experience with this bank?TIA

Tiaa bought Everbank. Named changed to TIAABank, then later sold TIAA Bank and the bank reverted back to EverBank
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Joined Jan 2008
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manku
05-02-2024 at 08:17 AM.
05-02-2024 at 08:17 AM.
One problem, and it's a big one, with all these non-brokerage/money market accounts is that banks have a tendency to change rates at will.

So while my Fidelity/Schwab/Vanguard money market is around 5% right now, the only way it goes down is if the Fed cuts rates.

These other banks put out teaser rates with all sorts of terms and conditions...don't be surprised when you're getting half a percent interest 6 months from now.

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thedowg2
05-02-2024 at 08:48 AM.
05-02-2024 at 08:48 AM.
Quote from FlogixFlogix :
where? I don't see anything like this on treasury direct.
You can see recent rates on TreasuryDirect.gov by going to https://www.treasurydirect.gov/au...a-results/

To buy them on TreasuryDirect, first log in, then go to BuyDirect, then choose Bills (1 year or less).
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Joined Sep 2005
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05-02-2024 at 04:24 PM.
05-02-2024 at 04:24 PM.
Quote from SmellyCat :
Tiaa bought Everbank. Named changed to TIAABank, then later sold TIAA Bank and the bank reverted back to EverBank
OIC.. I missed the last part as TIAA closed my EverBank account because of inactivity
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