Best solution I've found and - unlike the tricks current banks are pulling* - the interest rate rises over time with treasury rates.
https://www.newtekbank.
*CapitalOneBank created a *new* Savings account with some silly name and your current savings account stayed at basically 0% and you had to open a new account (it was quick) and send the funds over. So now I have an empty, worthless old savings account I've had for >15 years and had to go update routing numbers on various sites. That got me looking around.
Newtek has been around decades, was a BDC co that converted to a bank at beginning of the year. As a result it doesn't have a huge portfolio of underwater treasuries and can profitably pay depositors market rates.
https://www.newtekbank.
*CapitalOneBank created a *new* Savings account with some silly name and your current savings account stayed at basically 0% and you had to open a new account (it was quick) and send the funds over. So now I have an empty, worthless old savings account I've had for >15 years and had to go update routing numbers on various sites. That got me looking around.
Newtek has been around decades, was a BDC co that converted to a bank at beginning of the year. As a result it doesn't have a huge portfolio of underwater treasuries and can profitably pay depositors market rates.
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