Paypal Savings Account High Yield 4.15%

MBZ321

Apr 18, 2023 4:46 PM

5.5K Comments

Joined Nov 2007

MBZ321Apr 18, 2023 4:46 PM

5.5K Comments

Just open an account with Synchrony Bank....it's basically the same account.

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corpomonkey

Apr 18, 2023 5:04 PM

1.7K Comments

Joined Sep 2006

corpomonkeyApr 18, 2023 5:04 PM

1.7K Comments

Just moved my money from Capital One to Apple Savings by Goldman Sachs. 4.15% APY. Also an option if you already have Apple Card.

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nevergoodenough

Apr 18, 2023 9:24 PM

2.1K Comments

Joined Dec 2011

nevergoodenoughApr 18, 2023 9:24 PM

2.1K Comments

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ufb 5.0
never in my life would I trust PayPal with my money, they freeze my money for no reason every time someone pays me. Thats not their savings program but def don't trust them.

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MacGruber77

Apr 19, 2023 3:42 AM

232 Comments

Joined Feb 2018

MacGruber77Apr 19, 2023 3:42 AM

232 Comments

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Weren't they also planning to fine you $2500 for spreading misinformation?

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WonderfulWork

Apr 19, 2023 3:48 AM

700 Comments

Joined Jun 2006

WonderfulWorkApr 19, 2023 3:48 AM

700 Comments

Can you pay your bills using these saving accounts? Regular saving accounts usually charge fees if you have many transactions each month. Don't know if these accounts also have this kind of limit. Just don't want to keep money in the checking account, I don't write checks at all.

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Gambit57

Original Poster

Apr 19, 2023 4:09 AM

15 Comments

Joined Oct 2018

Gambit57

Original Poster

Apr 19, 2023 4:09 AM

15 Comments

Quote from WonderfulWork

:

Can you pay your bills using these saving accounts? Regular saving accounts usually charge fees if you have many transactions each month. Don't know if these accounts also have this kind of limit. Just don't want to keep money in the checking account, I don't write checks at all.

I don't think there is a restriction on the number of transactions. Just that you'd have to transfer the amount to your paypal balance and then withdraw to a bank or make payment.
Look for "Limitations on Electronic Fund Transfer Services" here:
https://www.paypalobjects.com/mar...4250%2C000.

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George_P_Burdell

Apr 19, 2023 4:11 AM

6.1K Comments

Joined Nov 2012

George_P_BurdellApr 19, 2023 4:11 AM

6.1K Comments

Lol who's next

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Wyvern1

Apr 19, 2023 5:26 PM

1.5K Comments

Joined Sep 2021

Wyvern1Apr 19, 2023 5:26 PM

1.5K Comments

I would never keep any large amount of money w paypal

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AutoEnthusiast

Apr 19, 2023 6:19 PM

638 Comments

Joined Dec 2017

AutoEnthusiastApr 19, 2023 6:19 PM

638 Comments

if one already has a balance at Paypal, how does one move it to Paypal Savings?

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djangi

Apr 19, 2023 8:50 PM

800 Comments

Joined Nov 2017

djangiApr 19, 2023 8:50 PM

800 Comments

Quote from Wyvern1

:

I would never keep any large amount of money w paypal

Exactly. I once trasferred 3k to a friend who was in urgent need using paypal. Paypal restricted the transfer showing security reasons and it took a month and 10-12 phone calls from both parties to resolve this. After that, I stopped using paypal for money transfers. Zelle or venmo are much better alternatives.

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poohbie

Apr 19, 2023 8:56 PM

13.1K Comments

Joined Nov 2006

poohbieApr 19, 2023 8:56 PM

13.1K Comments

Our community has rated this post as helpful. If you agree, why not thank

Quote from djangi

:

Exactly. I once trasferred 3k to a friend who was in urgent need using paypal. Paypal restricted the transfer showing security reasons and it took a month and 10-12 phone calls from both parties to resolve this. After that, I stopped using paypal for money transfers. Zelle or venmo are much better alternatives.

Venmo is owned by Paypal.

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neosaver

Apr 19, 2023 9:14 PM

125 Comments

Joined Sep 2010

neosaverApr 19, 2023 9:14 PM

125 Comments

cfg is at 5.02% APY

https://www.cfg.bank/personal-ban...sit-rates/

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RobertD2325

Apr 19, 2023 9:37 PM

19 Comments

Joined Nov 2012

RobertD2325Apr 19, 2023 9:37 PM

19 Comments

Quote from AutoEnthusiast

:

if one already has a balance at Paypal, how does one move it to Paypal Savings?

Open a PayPal Savings account. Once it's opened you can move the money from PayPal to the PayPal Savings account.

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OrangeHorn700

Apr 19, 2023 9:46 PM

14 Comments

Joined Mar 2019

OrangeHorn700Apr 19, 2023 9:46 PM

14 Comments

4.15% is amazing, higher than what I have with BofA, Capital One, and Discover. Fortunately I haven't had the issues others are talking about.

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ctz

Apr 19, 2023 9:47 PM

1.7K Comments

Joined May 2010

ctzApr 19, 2023 9:47 PM

1.7K Comments

Why suddenly, everybody is offering bank service.... I guess it is easy money for them. Get higher interest from Fed. Offer lower interest to customers. Basically, they are earning money w/o doing anything..

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Paypal Savings Account High Yield 4.15%

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