Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
frontpagerrampras posted Nov 03, 2022 05:40 PM
  1. Deal Image
Item 1 of 2
  1. Deal Image
  2. Deal Image
Item 1 of 2
frontpagerrampras posted Nov 03, 2022 05:40 PM

Upgrade Premier Savings Accounts:

($1,000 Minimum Deposit)

3.5% APY

352 Comments 88,417 Views
Get Deal at Retailer
Good Deal
Save
Share
Deal Details
Upgrade is offering 3.5% APY when you open a Premier Savings Account with minimum $1,000 deposit.

Thanks to Community Member rrampras for posting this deal.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • Rates are subject to change.
    • No monthly account fees or transfer fees
    • Online transfers to and from other banks
      • Same-day transfers of $100,000 or less to / from other banks
    • FDIC insured up to $250,000 through Cross River Bank, Member FDIC
  • About Upgrade:
    • For more info about Upgrade, click here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by rrampras
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Upgrade is offering 3.5% APY when you open a Premier Savings Account with minimum $1,000 deposit.

Thanks to Community Member rrampras for posting this deal.

Editor's Notes

Written by StrawMan86 | Staff
  • About this deal:
    • Rates are subject to change.
    • No monthly account fees or transfer fees
    • Online transfers to and from other banks
      • Same-day transfers of $100,000 or less to / from other banks
    • FDIC insured up to $250,000 through Cross River Bank, Member FDIC
  • About Upgrade:
    • For more info about Upgrade, click here.
  • Please refer to the forum thread for additional details & discussion. -StrawMan86

Original Post

Written by rrampras

Community Voting

Deal Score
+60
Good Deal
Get Deal at Retailer

Leave a Comment

Unregistered (You)

Top Comments

ImaPuppy
2940 Posts
3044 Reputation
Unfortunately that's not how it works. Savings account rates (and other interest-bearing products) are based on various dated bond yields as well as interest rates they charge clients for loan products (which are correlated). These don't magically change based on what the Fed does, but on what they're expected to do. The 75bps rate hike was already priced into bond yields (taking yield curve flattening aside). What wasn't priced in, and why savings rates are higher now than they were, say, a year or two ago, is precisely the divergence from expectation at that time: The Fed guidance indicated fewer hikes of less amounts (0-25bps) and have exceeded that..but that was only really known over the last few months as they consistently shift guidance, or the "target rate" via a dot plot.

The point I'm making is, if the Fed meets expectations (currently 50bps-50bps-25bps-pause) over the next 4 meetings, the rates will theoretically stay where they are.

To use a real-world example, it's the same reason why mortgage rates have been rising gradually and why they didn't suddenly rise 75bps yesterday or today upon the Fed hike announcement. It's because it was already priced in.

Edit: Note, I'm leaving quite a bit of nuance and detail out of this and am not picking on you in particular. I just see quite a bit of misunderstanding about how consumer interest rate products react to Fed overnight rate hikes and when.

Source: Work in finance
James Mason
407 Posts
63 Reputation
Just wait a little bit. The Feds raised the rate yesterday, These CD, savings, etc. rates will go up.
badger1440
408 Posts
141 Reputation
Discover just went up to 2.75% and still time to grab off up to $450 bonus

351 Comments

Sign up for a Slickdeals account to remove this ad.

Nov 03, 2022 10:04 PM
124 Posts
Joined Sep 2010
neosaverNov 03, 2022 10:04 PM
124 Posts
the highest rate I see is Merchants Bank of Indiana.3.82% APY

https://www.merchantsbankofindian...ey-market/
Nov 03, 2022 10:05 PM
4,534 Posts
Joined Oct 2008
warsawsNov 03, 2022 10:05 PM
4,534 Posts
Quote from Spurts06_june :
Just closed all my SoFi accounts. As long as you don't have a fraud issue or deal with their lackluster CS, you will be ok.
What is a fraud issue?
Pro
Nov 03, 2022 10:10 PM
921 Posts
Joined Nov 2015
pn88
Pro
Nov 03, 2022 10:10 PM
921 Posts
Quote from badger1440 :
Discover just went up to 2.75% and still time to grab off up to $450 bonus
What's the 450 bonus
Nov 03, 2022 10:11 PM
11,148 Posts
Joined Dec 2007
boosterjmNov 03, 2022 10:11 PM
11,148 Posts
Quote from iBoo :
Only up to $1000 for 3.5%. How about a bank with no cap offering 3%?
It's other way, you earn 3.5% on $1000+
1
1
Nov 03, 2022 10:14 PM
58 Posts
Joined Oct 2014
andy50Nov 03, 2022 10:14 PM
58 Posts
Sofi went up 3%
Nov 03, 2022 10:19 PM
191 Posts
Joined Nov 2012
iindigoNov 03, 2022 10:19 PM
191 Posts
Quote from djbreitboy234 :
I just signed up for SoFi. 3.0% on savings, 2.5% on checking, and $300 signup bonus. Having all of my money in one bank with interest rates this high (especially in checking!) was worth the hassle.
I moved to SoFi myself for similar reasons — I need to keep a fair chunk available in checking so interest for that account being only .5% lower than savings with transfers between checking and savings being instant works out pretty well.

I don't know if they're still running that promotion, but they were also running a promo with their credit card which gives 3% cash back on all purchases in points, which can then be deposited into your SoFi savings account to accrue 3% interest.
Nov 03, 2022 10:20 PM
11,148 Posts
Joined Dec 2007
boosterjmNov 03, 2022 10:20 PM
11,148 Posts
Quote from RickK5000 :
Offer code BONUS1022E when depositing at least $35,000
Can you send a link that says about the offer code you mentioned?

Sign up for a Slickdeals account to remove this ad.

Nov 03, 2022 10:25 PM
74 Posts
Joined May 2011
SchmoeNov 03, 2022 10:25 PM
74 Posts
Quote from badger1440 :
Discover just went up to 2.75% and still time to grab off up to $450 bonus
Where do I find the Discover $450 bonus deal?
Nov 03, 2022 10:38 PM
1,041 Posts
Joined May 2004
BunduckieNov 03, 2022 10:38 PM
1,041 Posts
Buy T-Bills, 4 week paying 3.7, 8 week 4%. it's better because it's taxed federally only, No state tax
1
Nov 03, 2022 10:54 PM
2,471 Posts
Joined Jun 2010
scgt1Nov 03, 2022 10:54 PM
2,471 Posts
What's out there that is shorter term and doesn't require a savings account also. Need to tuck some money away but have access to it a few months into 2023.
Nov 03, 2022 10:58 PM
27 Posts
Joined Jan 2018
RickK5000Nov 03, 2022 10:58 PM
27 Posts
Quote from boosterjm :
Can you send a link that says about the offer code you mentioned?
Search discover savings $450. Offer good until 11/08
Nov 03, 2022 11:01 PM
3 Posts
Joined Apr 2014
Goose17Nov 03, 2022 11:01 PM
3 Posts
Bask Bank is 3.6%
FDIC insured
Nov 03, 2022 11:04 PM
3,685 Posts
Joined Apr 2011
kida182001Nov 03, 2022 11:04 PM
3,685 Posts
Quote from TurtlePerson2 :
I use Fidelity. You can set up an account for free and they don't charge commissions trading treasuries. I like their interface as well.
If I already have an account and bought from Treasury Direct, can I open a Fidelity account, connect it to my TD account and manage my treasuries from Fidelity?
Nov 03, 2022 11:13 PM
115 Posts
Joined Aug 2009
realculNov 03, 2022 11:13 PM
115 Posts
I found Sofi to be the best overall. They are usually on the top and don't have to keep moving funds and I love their other offerings as well - invest and Credit card.

Sign up for a Slickdeals account to remove this ad.

Nov 03, 2022 11:18 PM
616 Posts
Joined Jul 2014
Nick04263Nov 03, 2022 11:18 PM
616 Posts
SoFi Savings just went to 3%

edit: seems I am well behind everyone else that already reported this.

Leave a Comment

Unregistered (You)

Related Searches

FinanceFinancial Tools & ServicesServicesFinancial Tools & ServicesSlickdeals News & ArticlesPersonal Finance

Popular Deals

See All
Found by KatManDude
Today 11:52 AM
$17$3551% offMountain Hardwear Gas Station Beanie. $17.49
0
Found by wileysmiley
Yesterday 07:02 AM
$13UA Waffle Men's Crew Long Sleeve (various colors) - $13.18 + free shipping
3
Found by neomatrixviper
Today 01:24 PM
$49$8038% offMad Max 5-Film Collection (4K Ultra HD + Digital) $49.49 Amazon.com or Gruv.com
1
Found by neomatrixviper
Yesterday 05:53 PM
$8.99Bronson Triple Threat Collection (Blu-ray Triple Feature) [Blu-ray] $8.99 Free Shipping Gruv.com
0
Found by r3p3ro
Today 05:08 PM
$98$29066% offDEWALT 192 Pcs. Mechanics Tool Set, 1/2, 1/4, 3/8 Socket Set, SAE and Metric Socket Wrench Set, for $98
7

Trending Deals

See All
Found by SiennaChicken1861
Yesterday 07:06 PM
$22$3638% offAstroglide Water Based Lube (5oz) (Pack of 3) $22.05 + Free Shipping w/ Prime
30
Found by phoinix
Today 04:55 PM
$10$2560% off$10: Smith & Wesson Special Tactical CKTAC 8.1in High Carbon S.S. Folding Knife at Amazon
6
Found by resuds
Today 03:41 PM
$98$25060% offDewalt Chrome Vanadium Mechanics Tool Set (192-Piece) $98
5
Found by Dmytro_B
Today 03:47 PM
$32$6046% offLEGO Classic Large Creative Brick Box 10698 Building Set $31.99 +FS w/Prime
1
Found by PEMP
Today 08:56 AM
$70$12644% offRIDGID 4.5 Gal. 5.0 Peak HP PRO PACK Shop Vacuum Wet Dry Vac with Fine Dust Filter, Expandable Hose and Accessories WD4522 $69.97
6