My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I also used Raisin for a little while. It was annoying the rates would lower and even though Raisin had new banks with higher rates, the money had to be transferred to my external account and then...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I had bit on a credit karma ad for a 5.3% via Raisin, which is just a broker for banks, mine was with Consumer Bank. this was ~6mo ago. It's fallen 2x since to 4.76%. Thinking of making the leap now...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I think it's safe to max it out at around $248K and take out the interest earned each month to stay under $250K.
...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
It's apparently common for some banks (see https://lifehacker.com/why-the-bank-is-holding-your-deposit-for-9-days-1841841696) and it just happened to me as well. The initial funding at account...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Normally I do that, but Discover Bank (Funding bank for my MBD) is being a royal pain, they will not allow a link until I push a min of $5 from MBD to Discover...
I called them, they will not...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Push the deposit into the MBD instead of pulling from MBD. It took 3 days to pull but only 1 day to push.
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I opened an account with MBD this morning. Overall, the process was very straightforward and took less than 30 minutes with lots of security verifications via text and emails that you had to...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Never been an issue for me if it's done by Wed. morning. At least with a ton of other banks...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Weekend. Never transfer close to the weekend.
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Used Flagstar/MBD app for both transfers to MBD.
Bank 1 transfer morning of 4/16 arrived at MBD 4/17
Bank 2 the funding bank, transfer morning of 4/17 nothing as of 4/20. Shows nothing pending or...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
The Fed = a bunch of bankers. Profits are privatized. Losses are socialized. Some banks are allowed to fail, like Washington Mutual, while others received bailout (SVC). I personally don't trust...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Yes FDIC. They need deposits. Expect this sort of rate to last a few months.
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Applied on 4/12 and was approved instantly. Did an initial transfer of $1K and it's on hold for 9 days. But did another transfer of $5K separately on 4/15 and was in there on 4/17. Seems pretty...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Just opened an account this week. We’ll see how it goes. Applied 4/15, approved 4/17. Sometime 4/18 the money transferred. I think towards the end of the day as I had been checking to see if it went...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Yup, I found this out too, the same......
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I've had an account with them for nearly 3 years now. It was the highest APR when I moved my savings there and it's remained that way since I moved it. It seems like every few months they send me...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Also Vanguard's US Treasury money market VUSXX fund is offering a 5.41% compounded yield with check writing. Less work than a Tbill ladder IMO.
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Thanks very much for the information!
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
Had nothing but good experiences with them the last 7 years. They always have among the highest yielding savings accounts, but every few years they change the yield and introduce a new savings...
My Banking Direct High Yield Savings Account: Earn Up To 5.55% APY ($500 Minimum Deposit)
Thread created 04-09-2024 by georgerobert
+48 Score
182 Replies
72,745 Views
I prefer Weathfront, currently at 5% APR
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