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Online High Yield Savings Accounts

slickness123 1,679 1,322 November 21, 2015 at 01:04 PM
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I guess I should've read the fine print more carefully before investing in Radius Bank's HYSA. It was one of the highest yields at the time, but I only later realized that you can only transfer a maximum of $5,000 per day between Radius Bank and your checking account. It's not that big a deal because I have no need to withdraw the money now, it's just a little annoying thinking about how when the day comes where I'd want to withdraw all the money from my account, it would take around 1 month to do so, doing it in $5,000 increments. Are there any other accounts that have yields as high as Radius Bank's but without the silly restrictions?

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#2
Quote from slickness123 View Post :
I guess I should've read the fine print more carefully before investing in Radius Bank's HYSA. It was one of the highest yields at the time, but I only later realized that you can only transfer a maximum of $5,000 per day between Radius Bank and your checking account. It's not that big a deal because I have no need to withdraw the money now, it's just a little annoying thinking about how when the day comes where I'd want to withdraw all the money from my account, it would take around 1 month to do so, doing it in $5,000 increments. Are there any other accounts that have yields as high as Radius Bank's but without the silly restrictions?
AMEX, Discover, CAPOn360 are all right around 1% I believe.
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#3
Consider Ally or Barclay's dream account. Anything around 1% nowadays is top dollar
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#4
^agreed. Top dollar has been around 1% for most set it and forget it online savings accounts. It has been for a good amount of time.
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#5
You do realize that those 4 words together consecutively have not been uttered since 1997...laugh out loud

Oh the glory days of 6% on App-o-rama money....
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#6
There are better places than a bank to put $150k.
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E finita la cuccagna

Liberals want you to think like them, Conservatives just want you to think!
#7
Quote from dealgate View Post :
There are better places than a bank to put $150k.
guaranteed? or risk involved?
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#8
Quote from dealgate View Post :
There are better places than a bank to put $150k.
There are worst places than a bank to put $150k depending on your situation.
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#9
Synchrony bank has a 1.05% high yield savings.
https://www.synchronybank.com/banking/index.htm
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nolife, no title
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#10
Quote from LivninSC View Post :
AMEX, Discover, CAPOn360 are all right around 1% I believe.

I know, thread is over a month old but just found it with a search looking for comparisons of customer service of high yield online bank savings accounts. The rates are easy to find, the experience using them is not.

Just for reference.
AMEX is 0.9, Discover is 0.95 and Capitol One 360 is 0.75 with some bonus options, if you put 50K to start, you would eventually get a $500 bonus ($100 for each $10K you deposit) about about the 120 day point. Someone mentioned Barclay's Dream account which currently is 1.04 with some complicated additional bonus structure you can get but only accepts $1000 additional each month. The regular Barclay's savings is 1.0% and has no monthly limits.
https://www.banking.barclaysus.co...ounts.html

Ally is currently also 1.0 and Synchrony 1.05. That was any amount and no max deposit limits that I could find.

Aside from the rates... Any more opinions on the actual banks themselves or gotchas?
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Last edited by nolife January 5, 2016 at 08:55 PM
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#11
Quote from nolife View Post :
Aside from the rates... Any more opinions on the actual banks themselves or gotchas?
Personally I think Ally has the best interface and when I had to call it was a really easy process. If everything was equal rate wise I would personally go with them.
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