High Yield Savings Accounts

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  Vanguard VMFXX is above 5%. Very safe but will drop as the Fed drops rates.

  Fintechs or online banks:
  -SoFi 4.5%, $300 bonus but you need direct deposit to get it
  -Origin app looks swanky at 5%
  -CIT
  -Ivy bank

  Just watch out for account closing fees, or transfer fees or fine print like “allies to first $5k” or “after $5k”

  If you prefer to trust a major corporate bank you can probably get a slightly lower rate like 4.25% from Capital One, Barclays, American Express

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  • Note: all banks are lowering their APY as the Fed cut rates.
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  • *applies
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  • Also to maximize your savings, you’ll want to first upvote money raccoon, then put double your money into an HYSA
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  • Yup, I also have aVanguard.utopian
  • I switched to SoFi, qualified for the $300 bonus, and am earning 4.6% on savings.aliastime
  • nice, alias!monospaced

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