SaveBetter.com savings accounts are offering 4.85% APY with a $1 minimum deposit. They partner with banks who offer FDIC insured funds, so your $$ is protected.
- $1 minimum to open
- Choose a savings or money market account for access to funds at any time
- No opening or maintenance fees
- Interest is compounded daily and credited on the last calendar day of each month
- Partner banks are FDIC insured [fdic.gov] ($250,000 limit for single accounts; $500,000 limit on joint 2-person accounts)
- Refer to site for details: https://www.savebetter.com/
I found this to be slicker than the front page
CIT Bank CD because they offer a slightly higher interest rate while also providing access to funds at any time like a regular savings account. Please note that I have no affiliation with SaveBetter (except as a new customer) nor does this constitute any financial advice.
I chose
Western Alliance Bank [savebetter.com] who, at the time, offered the highest interest rate.
5 Comments
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You create an account with savebetter, select a category & an offer, & they place your money with the institution offering the rate/term you want. You never interact with the bank/CU & instead handle everything via savebetter.
They started out in Europe & brought their product to America in the last couple of years.
I currently have most of my savings in a 27 month/5% CD with them, no problems so far. I won't actually get my money back for 2 more years though, theoretically something could go wrong but I can say that it has seemed fine so far.
Also my understanding is that you get $250k insurance on each investment product you use them for. So you could have $200k in a CD & $100k in a savings/MM account & both would be fully insured as long as they are using 2 different partner institutions (even though they total over $250k combined).
Have you or the OP experienced any customer service issues since April? Seems like many of the complaints involve access issues with little to no response from CS. Not many posts on Raisin that I could find through search at SD, almost all come back with the shriveled grape variety.
Thank you in advance.
You create an account with savebetter, select a category & an offer, & they place your money with the institution offering the rate/term you want. You never interact with the bank/CU & instead handle everything via savebetter.
They started out in Europe & brought their product to America in the last couple of years.
I currently have most of my savings in a 27 month/5% CD with them, no problems so far. I won't actually get my money back for 2 more years though, theoretically something could go wrong but I can say that it has seemed fine so far.
Also my understanding is that you get $250k insurance on each investment product you use them for. So you could have $200k in a CD & $100k in a savings/MM account & both would be fully insured as long as they are using 2 different partner institutions (even though they total over $250k combined).
Have you or the OP experienced any customer service issues since April? Seems like many of the complaints involve access issues with little to no response from CS. Not many posts on Raisin that I could find through search at SD, almost all come back with the shriveled grape variety.
Thank you in advance.
They did change the platform in US from "savebetter" to "raisin" which was unexpected. But that appears to have gone smoothly from my perspective.
They did change the platform in US from "savebetter" to "raisin" which was unexpected. But that appears to have gone smoothly from my perspective.