Hysa reddit

Keep that cash in the HYSA (or invest it in USFR) and don't touch it unless you're ready to buy a home or have a real emergency. Pretend it doesn't exist and congrats on building that sum. Moving forward, with your regular paycheck, make sure to invest anywhere from 15-25% of your gross income. You'll be golden.

I’ve only had an account for four months but no issues with my HYSA, CDs and an Invest account. Transfers aren’t same day between them and my credit union but I don’t need funds right away anyways. ... A subreddit for Etsy sellers on Reddit to collaborate and discuss techniques and experiences selling their products and … caltheon. • 9 mo. ago. I did the same with AMEX HYSA, got a $350 bonus for keeping $25k in it for 3 months. At the dollar amounts most peoples emergency funds are are, it doesn't make sense to go bank hopping. That .25% interest rate is going to be pennies or at most dollars. Pyrotyro0909. I would compare ibonds to a 6 month CD, as the rate of the ibonds is guaranteed 6 months. If rates drop, you only get 5% for 3 months. Still 5% is a good bit better than 4.3% and would probably average out unless the CD rates drop a lot from months 4-6. Also just happens that a Fidelity 6 mo CD is the same rate though. Best for no minimum deposit: UFB Secure Savings. Best for earning a high APY: Western Alliance Bank Savings Account. Best for no fees: Marcus by Goldman Sachs High Yield Online Savings. Best for ... Not sure what you're planning to use the money for, but assuming it's a big ticket item like a house or car, the flexibility of a HYSA could be very useful given how rapidly those markets are changing. Schwab had some 12-13mo CDs at over 4%. Not sure about any fees though. CDs are trick or treat.Nov 26, 2565 BE ... There isn't a catch. As the other response, HYSA does not have check writing (as opposed to checking), and more often than not, it's federally ... If you want to keep your banking products together, get Amex. If you want to get 0.70% higher (5.05%) APY on your deposit, then I recommend CIT Bank Platinum savings. Choosing a HYSA is not a complicated thing. If you're going to park money then you want the best APY. I have CIT Bank, Amex, Discover and PNC HYSA. I've also had Capital One.

As the Fed raises rates, HYSA rates go up, too. Most are between 3.75 and 4.25 right now, depending on whether or not they feel like they need to offer a higher rate to get people in. Ally and Discover are at 3.75% right now, for example, as they're big and don't really need to scramble for customers. I opened mine a couple months ago when they were offering $450 with deposit of $35000. I had a hard time transferring money from our PenFed savings to discover when I opened my account. So I had PenFed mail me a check then turned around and deposited into Discover account. Received the $450 a few days later in my account. A lot of people have been talking about I Bonds but if I do the math, I think i'm better off keeping the cash in an HYSA? Let's say I have $70,000 in…CASH Currently paying about 1.75%/YR in FDIC-insured format (HYSA) or 2.25% in ETF format and around 2% in MMF format. Short government bonds SGOV 1.82%. Short term Corporate VCSH 3.95%. Etc. I got lazy. Generally, the farther out into the future you go, the more yield you can get (and more risk, go figure!). HYSA are for short-term savings. (Less than 3 years typically) They carry basically no risk and always gain numerical value, but may still lose value to inflation. Stock market is for long-term investments. (More than 3 years typically) These carry risk and may lose substaintial value or gain substantial value. The national average savings account pays a 0.58 percent APY as of November 2023, according to a recent Bankrate survey, while the best high-yield … HYSA are for short-term savings. (Less than 3 years typically) They carry basically no risk and always gain numerical value, but may still lose value to inflation. Stock market is for long-term investments. (More than 3 years typically) These carry risk and may lose substaintial value or gain substantial value. Someone please help me understand HYSA compound interest! Other Hello, I am totally new to savings, interest, and more specifically, my HYSA. I need help understanding. ... The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.

SoFi has 1.2% i believe. With a bonus for reaching $3k or $5k and direct deposit. [deleted] • 2 yr. ago. I find Ally's app to be much slower than C1's. Also, Capital One has cafes all around the country if you ever need to deposit cash. r/personalfinance.Your HYSA APY is now going up by .10%!” They have done this since rate hikes began so they are benefitting from the arbitrage of not heightened rates as they are experienced in …I have been using a HYSA for this to keep a few thousand dollars, but am curious what benefit a mutual fund like SWVXX would offer over a HYSA. ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity …It's a good savings strategy. Haven't had any problems with synchrony yet. In the online world, this is much much much more common than you may be envisioning. If you're not committed to Synchrony, there are plenty of other options. You can get higher than that -- BrioDirect pays 2.15% for any amount.20 votes, 29 comments. true. I like Alliant Credit Union and Ally Bank because both offer the usual benefits of high yield savings and free checking, but what sets them apart from others is both have high mobile check deposit limits ($100K/day with Alliant and $50K/day with Ally), high ACH transfer limits and fast 1 business day ACH transfer times.

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Hi All, I am looking to open a HYSA and start with $7,000. I've narrowed it down to Synchrony (1.55%), Goldman Sachs (1.50%), and Amex (1.45%). I'm heavily leaning toward synchrony, but I can't find a lot of information about how they are...if people like this HYSA, customer service, et. Reaching out to this community to see if anyone has had ...Use whichever one has a higher rate. As a side note, HYSA and money markets aren't an investment. They are just holding vehicles for liquid cash. Both are fine for under 5 years and a specific savings goal. Money markets are available through Fidelity for over 3% as a settlement fund. Not hard to find 3.25% or so. caltheon. • 9 mo. ago. I did the same with AMEX HYSA, got a $350 bonus for keeping $25k in it for 3 months. At the dollar amounts most peoples emergency funds are are, it doesn't make sense to go bank hopping. That .25% interest rate is going to be pennies or at most dollars. Pyrotyro0909. Jun 6, 2566 BE ... Western Alliance is now offering 5.15% for its HYSA. It uses the Raisin online storefront. https://www.raisin.com/en-us ...

UFB Direct. Milli. Zynlo Bank. Synchrony Bank. EverBank. Upgrade. Maximize returns: With APYs often several times higher than those offered by traditional savings accounts, high-yield savings ...6 days ago · Monthly fee. $0. The Bask Interest Savings Account offers a high rate with $0 monthly account fees and $0.01 minimum account balance to earn APY*. And Bask Bank is a standout for service ... Advertising on Reddit can be a great way to reach a large, engaged audience. With millions of active users and page views per month, Reddit is one of the more popular websites for ...I’ve only had an account for four months but no issues with my HYSA, CDs and an Invest account. Transfers aren’t same day between them and my credit union but I don’t need funds right away anyways. ... A subreddit for Etsy sellers on Reddit to collaborate and discuss techniques and experiences selling their products and …4 days ago · Here’s a summary of our top accounts organized by the highest APY that one could get. UFB Secure Savings: Up to 5.25% APY. Bread Savings High-Yield Savings Account: 5.15% APY. Bask Interest ... 11K votes, 1.2K comments. 5.3M subscribers in the YouShouldKnow community. I’ve been using Prosper. It’s kinda like kickstarter for debt. Someone wants $10,000 to refinance their credit card debt and that debt is split into $25 increments and sold to investors who get a cooresponding share of the interest and principal payments monthly.Apr 2, 2566 BE ... I have my emergency fund in a HYSA. It takes a few days for the money to transfer to my main account at a different bank. That's the biggest ... But the service becomes infinitely better once you have AMEX credit cards. You can then link your HYSA to your Amex cards which you can check via the AMEX app. Whether to check your balance, transfer money which you can now do, and even use the account IF NECESSARY to pay down your balance! Mind you both AMEX customer service teams are separate ... A user asks about the pros and cons of transferring most of their cash to a high-yield savings account (HYSA) with SoFi. Other users share their experiences, opinions and …These are the best rates I've seen: 1% with no limit - T-Mobile Money. 2% on the first $20,000 - Elements Financial Credit Union, requires 15 withdrawal transactions per month but bill pays qualify. 3% on the first $15,000 - Porte, requires a one-time electronic deposit of $1,000 to activate, but sending from another one of your accounts ... Same happened with me and then I noticed on their website they have a new HYSA offering 5.25% so I went on their online chat and customer support converted my Preferred Savings (4.5%) to their new HYSA. Easy peasy. High-yield online savings account. The Ally high-yield savings account (HYSA) offers a competitive annual percentage yield (APY) and no monthly maintenance …

A few reasons: brick and mortar locations have value. withdraw specific denominations of cash. deposit cash. notary services. people see the signs for bank branches and don't see signs for online banks. I personally use a brokerage account as a checking/savings account, and I think it works well.

If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less.To take it one step further, assuming you are single and that $40,210 is your total income - then the IRS link below tells you that the standard deduction for a single person is $13,850. So your taxable income will be $40,210 - $13,850 = $26,360. The same link tells you that you will be in the 12% tax bracket (between $11,000 and …Ant10117. •. Your statement is true for APR (annual percentage rate) but 5% annual percentage yield (APY) is 5% growth so $1,000 would become $1,050 after one year either way. SoFi takes your daily balance and calculates the interest (based on the APR not APY) but they do not apply that interest to the account until the end of the month ...r/HYSA_Discussion: Community to discuss the best HYSA accounts currently available.So for example, if I had $10,000 in a HYSA and their interest rate is 4.5%, I could earn $450 in a year from them compared to if I had $10,000 in a regular savings account with an interest rate of 0.01%, where I would only earn $1 in a year?May 26, 2566 BE ... I just opened my Platinum HYSA only catch is you have to make sure you maintain a balance of $5000 or more to receive the 4.85%. If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less. Many times they are "teaser" rates. They offer above market rates to attract new business when it is a new offering, and then lower to market/below market in the near future, hoping you are too lazy to switch to a different bank. The ones in the high 3's probably don't have these requirements, the ones 4.5%+ are more likely to.

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It’s already setup and just deposit and go. 1. Generic-User-01 • 1 mo. ago. So, this is just from reading stories, but I have read of issues moving significant sums OUT of Apples HYSA. For me, honestly the benefit of having everything available on one login to AMEX's website and app, outweighs that .15%. 44.A lot of people have been talking about I Bonds but if I do the math, I think i'm better off keeping the cash in an HYSA? Let's say I have $70,000 in…I wanted to provide some insight on my experience with them. They are backed by the FDIC, and they are a component of AXOS bank. So you can verify their FDIC membership that way. They are currently paying 2.85% APY, which is the highest I could find. That is the positive.A user asks about the pros and cons of transferring most of their cash to a high-yield savings account (HYSA) with SoFi. Other users share their experiences, opinions and … HMBradley is 1% or 3% if you have their credit card. You need to direct deposit $1500/month and spend $100 with their credit card to reach 3%. Credit card is $0 first year and $65/y after. CC gives you 3% Cashback on first spending category, 2% for second, then 1% rest. r/personalfinance. If I were to use Apple Pay + HYSA, I would get 2% back right away, which is $0.60, then, after one year, that $0.60 grows to all of $0.63. So I am way ahead, almost double, using the Costco card, for gas. So it makes the best sense to use the Apple Pay + HYSA anytime the return on the other card is 2% or less.Nov 13, 2565 BE ... And HYSA pay 3% now. Guess who is raking it ... Reddit · reReddit: Top posts of November 13, 2022 ... Reddit · reReddit: Top posts of November 202...Thoughts/experiences on UFB Direct HYSA. I just discovered them here on Reddit yesterday. While they seem legit, I always find it a little weird when I discover a bank I've never heard of before. Their Savings account offers 4.81%, which is the highest I …UFB Direct. Milli. Zynlo Bank. Synchrony Bank. EverBank. Upgrade. Maximize returns: With APYs often several times higher than those offered by traditional savings accounts, high-yield savings ...4 days ago · Here’s a summary of our top accounts organized by the highest APY that one could get. UFB Secure Savings: Up to 5.25% APY. Bread Savings High-Yield Savings Account: 5.15% APY. Bask Interest ... So basically they make money by taking on fixed income assets that have a higher interest rate than they pay you. iheartpizzaberrymuch. • 1 yr. ago. A high yield savings account is good if you don't move your money around often because after 5 outgoing transactions a month you are charged a $10 fee.More replies. [deleted] •. Really happy Ally customer of 6 years. The difference in rate between Ally and Marcus is 0.05% in favor of Marcus. If you have 10k in there, that means you are going to earn 42¢ more per month. sketchymidnight. •. Ally is best even though their rate is lower. ….

Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. Although we can’t help here with specific account service issues, we can help troubleshoot and point you in the right direction. Hours: 7am-10pm ET M-F, 11:30am-10pm ET Sat/Sun.Get app Get the Reddit app Log In Log in to Reddit. Expand user menu Open settings menu. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; ... My girlfriend and I are looking to open a joint HYSA so we can have a percentage of our paycheck sent to savings for a home. We both currently use PNC bank for our personal accounts, but ... I haven't experienced the issues others experienced either, even after depositing nearly $6,000 into my HYSA with them. From what I've seen and gathered from people who've experienced issues - it seems that accounts that are recently opened are getting falsely flagged for fraudulent activity and Discover just doesn't have the staffing to keep ... Mar 2, 2566 BE ... How do you choose a HYSA? · 2.5-5% APY on your checking AND savings $$ that compounds monthly and is a fixed rate (has not gone down or up ...If you just want a HYSA with a bit higher return than Ally, you can also look at Marcus. The no penalty CDs there are 2.35% and its regular savings seem to almost always be at least 0.05% higher than Ally. But I think there's nothing wrong with CIT. Many people in this forum use it after all. seatcord.UFB Direct. Milli. Zynlo Bank. Synchrony Bank. EverBank. Upgrade. Maximize returns: With APYs often several times higher than those offered by traditional savings accounts, high-yield savings ...The current economic situation really doesn't play into this decision. Build an emergency savings in something stable, like a high yield savings account. Save for any anticipated expenses in the next few years (e.g., car, house downpayment) in something stable, like a high yield savings account. Invest the rest.You owe tax on the interest earned. Simplistic calculation: $700 + $520 = $1,220 x interest rate (using 0.50% for an example) = $61 in interest in year 1. You would owe whatever tax rate you're at. If 20% then you'd owe a whopping $12.20.Money market higher than the savings account. Short term and raise your rate CDs have stopped increases. 12 & 18 month outperforming multi year CDs. Penalty on the 12 month is 60days interest for early withdrawal. At this point, maybe a small … Hysa reddit, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]