Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
  1. Deal Image
Item 1 of 2
  1. Deal Image
  2. Deal Image
Item 1 of 2
expiredrrampras posted Nov 3, 2022 5:40 PM

Upgrade Premier Savings Accounts:

3.5% APY

($1,000 Minimum Deposit)
350 Comments
90.9K Views
Visit Retailer
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
Visit Retailer

Top Comments

ImaPuppy
2.9KComments
3KReputation
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
Go to Comment
James Mason
407Comments
63Reputation
Just wait a little bit. The Feds raised the rate yesterday, These CD, savings, etc. rates will go up.
Go to Comment
badger1440
408Comments
141Reputation
Discover just went up to 2.75% and still time to grab off up to $450 bonus
Go to Comment

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

351 Comments

Sign up for a Slickdeals account to remove this ad.

Pro
Nov 4, 2022 12:06 PM
2.2K Comments
Joined Jan 2015
khronos
Pro
Nov 4, 2022 12:06 PM
2.2K Comments
Quote from rogere :
I'm going to stay at Wealthfront at 3.3% for now. Easy to use and many features. Got a few family members to sign up. Dr of credit website shows the highest interest rates, but with unknown banks and only insured up to 250k per bank.
250K per account, not bank
Nov 4, 2022 12:30 PM
13 Comments
Joined Mar 2014
JackS7127Nov 4, 2022 12:30 PM
13 Comments
Quote from caymera :
Just buy Treasury TBills in ladder of 4 weeks. You'll get the highest available Savings rate compared to any bank in the US.

They are like 4 week CDs that auto renews based on your term set. And State Tax exempt.
Sorry dumb question. How do I buy T bill?
Nov 4, 2022 12:40 PM
26 Comments
Joined Dec 2016
ageezNov 4, 2022 12:40 PM
26 Comments
Quote from drew6666 :
Yes it was 2.55 before the .75 increase yesterday. It will go to 3.30 at some point today.
No it won't. You don't know what you are talking about. SMH.
1
Nov 4, 2022 12:44 PM
237 Comments
Joined Aug 2020
SloppyBuckSNov 4, 2022 12:44 PM
237 Comments
Quote from mdboyz69 :
Capital one bank has 360 Performance
Savings Account for 3% APY [capitalone.com]
Unfortunately capital one has a terrible savings/checking. They forget to pull payments and have an abnormally long lag between transactions. I personally have discover but my girlfriend is constantly having issues since she has moved to capital one for banking.
Nov 4, 2022 12:55 PM
768 Comments
Joined Dec 2005
_DonkeyKong_Nov 4, 2022 12:55 PM
768 Comments
Upgrade bank I read on another forum they limit how much you can withdraw, like 5k a week, can anyone confirm that?
Nov 4, 2022 12:59 PM
540 Comments
Joined Nov 2018
Hope4BestNov 4, 2022 12:59 PM
540 Comments
Quote from RickK5000 :
Offer code BONUS1022E when depositing at least $35,000
That's too much money man
Nov 4, 2022 1:05 PM
1.3K Comments
Joined May 2006
FatFreddieNov 4, 2022 1:05 PM
1.3K Comments
Quote from JackS7127 :
Sorry dumb question. How do I buy T bill?
Direct from the Treasury thru treasurydirect.gov or a brokerage like Schwab, Fidelity, etc.

Sign up for a Slickdeals account to remove this ad.

Nov 4, 2022 1:14 PM
165 Comments
Joined Dec 2006
tigi2kNov 4, 2022 1:14 PM
165 Comments
Quote from newbharry :
Marcus is at 3.60% for me..
It's 2.50% for me. How did you get 3.60%?
Nov 4, 2022 1:16 PM
768 Comments
Joined Dec 2005
_DonkeyKong_Nov 4, 2022 1:16 PM
768 Comments
I tried to open an Upgrade savings account and they want tax forms for 2 years, front and back ID, and other stuff. Not sure if I want to give that to them and have to worry about them getting hacked
Nov 4, 2022 1:18 PM
768 Comments
Joined Dec 2005
_DonkeyKong_Nov 4, 2022 1:18 PM
768 Comments
Quote from newbharry :
Marcus has it at 3.60%

Feel free to message me if you want
Their website says 2.5% how are you getting 3.6%?
Nov 4, 2022 1:20 PM
168 Comments
Joined Dec 2009
david5182Nov 4, 2022 1:20 PM
168 Comments
Bask Bank is 3.60%: https://www.baskbank.com/products...gs-account
Nov 4, 2022 1:21 PM
768 Comments
Joined Dec 2005
_DonkeyKong_Nov 4, 2022 1:21 PM
768 Comments
Quote from rogere :
I'm going to stay at Wealthfront at 3.3% for now. Easy to use and many features. Got a few family members to sign up. Dr of credit website shows the highest interest rates, but with unknown banks and only insured up to 250k per bank.
Wealthfront's own website says 2.55%. https://www.wealthfront.com/cash

how are they so inept that all these banks are offering 3.3% interest but not even advertising it?

are you sure you're getting 3.3% with them?
2
Nov 4, 2022 1:26 PM
3.2K Comments
Joined Nov 2010
koolwadzNov 4, 2022 1:26 PM
3.2K Comments
Quote from SlickGatsby :
Their website says 2.5% how are you getting 3.6%?

he has high yield CD not a savings account.
Nov 4, 2022 1:41 PM
8.6K Comments
Joined Nov 2011
iBooNov 4, 2022 1:41 PM
8.6K Comments
Quote from rrampras :
It's a minimum of $1000 in order to get that 3.5%. There is no ceiling limit to how much you can keep in there and continue receiving the 3.5%. If you keep less than $1000 then you won't receive the 3.5%.
I can park $250,000 and get 3.5%?

Sign up for a Slickdeals account to remove this ad.

Nov 4, 2022 1:42 PM
220 Comments
Joined Nov 2011
debpalNov 4, 2022 1:42 PM
220 Comments
Best option is always to go with 4-week / 8-weeks T-Bill which is 3.67% and 3.99% for now. Next when Fed increase rate again in Dec, these bills will again increase and then re-invest on these.

17 weeks is running for 4.28 which will increase more after Dec hike for sure.

https://www.treasurydirect.gov/au.../upcoming/

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

FinanceFinancial Tools & ServicesServicesFinancial Tools & ServicesSlickdeals News & ArticlesPersonal Finance

Popular Deals

See All
Found by DealzRGood4U
Jul 24, 2026 4:40 AM
Forum Thread
SnS | Nature Made Triple Omega 3 6 9 Supplements, 150 Softgels $13.79$14$37
62% off
0
Found by phoinix
Yesterday 5:27 PM
Forum Thread
$198* | Sony - FE 50mm F1.8 Standard Lens (SEL50F18F/2) at Amazon$198$248
20% off
1
Found by BBQchicken
Jul 25, 2026 4:16 PM
Forum Thread
379-Piece LEGO Creator Fierce Shark w/ a Treasure Chest Building Toy (31381) $30 + Free Shipping w/ Prime or on orders over $35$30$35
14% off
0
Found by TattyBear
Jul 21, 2026 3:58 PM
Forum Thread
3-Pack: JoyJolt 22oz Triple Insulated Water Bottle with Included Flip & Sport Straw Lids (Cloud Blue, Blush Pink & Terracotta) $19.99 + Free Shipping$20$81
75% off
0
Found by LolaBunny21
Jul 22, 2026 2:47 PM
Forum Thread
983-Lumen OGERY 9000mAh Rechargeable LED Camping Flashlight w/ Multi-Tool Kit (Gray/Black) $19.99 + Free Shipping w/ Prime or on $35+$20$50
60% off
0

Trending Deals

See All
Found by Rokket
Today 7:31 AM
Forum Thread
36-Count Differin Acne Treatment Pimple Patches w/ Salicylic Acid & Centella $3.56 w/ S&S + Free Shipping w/ Prime or on $35+$3.56$9.99
64% off
2
Found by Tel06c
Today 2:25 AM
Forum Thread
Walgreens Has A Clearance On Grocery Items
2
Found by itsamazeling
Today 6:06 AM
Forum Thread
Made for Amazon Active Noise Cancelling Bluetooth Headphones w/ Built-in Microphone (Blue) $19.99 + Free Shipping w/ Prime or on $35+$20$80
75% off
1
Found by kea2525
Today 6:13 AM
Forum Thread
Walmart has fifa merchandise over 50% off online
0
Found by ThePirateBoy
Today 3:54 AM
Forum Thread
The Walking Dead complete series HD digital $15$15$100
85% off
3