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Bank for High Yield Savings #4106562
03/25/24 10:38 AM
03/25/24 10:38 AM
Joined: Dec 2007
Posts: 4,117
alabama
B
BigEd Offline OP
10 point
BigEd  Offline OP
10 point
B
Joined: Dec 2007
Posts: 4,117
alabama
Looking to open a high yield savings account, recommendations appreciated. TIA

Re: Bank for High Yield Savings [Re: BigEd] #4106566
03/25/24 10:49 AM
03/25/24 10:49 AM
Joined: Aug 2002
Posts: 22,693
Morgan Co.
Dixiepatriot Offline
Freak of Nature
Dixiepatriot  Offline
Freak of Nature
Joined: Aug 2002
Posts: 22,693
Morgan Co.
Maybe something like Vanguard, Fidelity, or Charles Schwab


http://familyfoundationfund.org
Proud descendant of confederate soldiers.
Auburn elitist
Re: Bank for High Yield Savings [Re: BigEd] #4106572
03/25/24 10:58 AM
03/25/24 10:58 AM
Joined: Dec 2013
Posts: 22,695
Lickskillet, AL
Irishguy Offline
a.k.a. Dingle Johnson
Irishguy  Offline
a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 22,695
Lickskillet, AL
I personally like Ally Bank (Formerly known as "GMAC" General Motors Acceptance Corporation.)

I have had great service from them. I always got a real American, English speaking person on the phone who has been more than helpful.

I have checking accounts at Regions, just to have a local bank, and the transfers between those two banks has been seamless.

Ally doesn't have the highest rates, but their service and their perceived stability (versus other relatively unknown online banks) is worth it to me.

Re: Bank for High Yield Savings [Re: BigEd] #4106579
03/25/24 11:11 AM
03/25/24 11:11 AM
Joined: Jan 2010
Posts: 4,595
Oxford Alabama
Megatrondiablo Offline
10 point
Megatrondiablo  Offline
10 point
Joined: Jan 2010
Posts: 4,595
Oxford Alabama
Not sure where you’re at but my local bank in Oxford has a money market paying 4.25% on a 6 month term. Investar bank.

Re: Bank for High Yield Savings [Re: BigEd] #4106590
03/25/24 11:36 AM
03/25/24 11:36 AM
Joined: Feb 2022
Posts: 533
Caledonia
S
Showout Online content
4 point
Showout  Online Content
4 point
S
Joined: Feb 2022
Posts: 533
Caledonia
E*Trade has a savings account that is very easy to sign up for if you already have an account. Mine is paying 4.25% and you have full access, funds transfer within 3 days, etc…

Re: Bank for High Yield Savings [Re: Dixiepatriot] #4106615
03/25/24 12:26 PM
03/25/24 12:26 PM
Joined: Jan 2001
Posts: 10,721
Birmingham
W
wew3006 Offline
Booner
wew3006  Offline
Booner
W
Joined: Jan 2001
Posts: 10,721
Birmingham
Originally Posted by Dixiepatriot
Maybe something like Vanguard, Fidelity, or Charles Schwab


Scwab SWVXX is paying 5.17%

Re: Bank for High Yield Savings [Re: BigEd] #4106663
03/25/24 01:53 PM
03/25/24 01:53 PM
Joined: Jun 2015
Posts: 14,021
Some Marriott/Auburn
A
AU7MM08 Offline
Booner
AU7MM08  Offline
Booner
A
Joined: Jun 2015
Posts: 14,021
Some Marriott/Auburn
Ally is where I keep my cash

Re: Bank for High Yield Savings [Re: BigEd] #4106668
03/25/24 02:01 PM
03/25/24 02:01 PM
Joined: Feb 2011
Posts: 192
A
AUtgr Offline
3 point
AUtgr  Offline
3 point
A
Joined: Feb 2011
Posts: 192
T Bills >5% presently

Re: Bank for High Yield Savings [Re: BigEd] #4106677
03/25/24 02:10 PM
03/25/24 02:10 PM
Joined: Jan 2017
Posts: 3,550
Lower Alabama
Andalusia Offline
10 point
Andalusia  Offline
10 point
Joined: Jan 2017
Posts: 3,550
Lower Alabama


"If you are the smartest person in the room, you're in the wrong room"

"How you do Anything, is how you do Everything"

"It is the mark of an educated mind to be able to entertain a thought without accepting it"
Re: Bank for High Yield Savings [Re: BigEd] #4106692
03/25/24 02:33 PM
03/25/24 02:33 PM
Joined: Dec 2013
Posts: 22,695
Lickskillet, AL
Irishguy Offline
a.k.a. Dingle Johnson
Irishguy  Offline
a.k.a. Dingle Johnson
Joined: Dec 2013
Posts: 22,695
Lickskillet, AL
My savings at Ally is paying 4.25%
My CD's at Ally are paying between 5% and 5.25%.

I'm earning about $1500 a month on liquid accounts that are all FDIC insured.

Hard to beat that.

Re: Bank for High Yield Savings [Re: BigEd] #4106702
03/25/24 02:57 PM
03/25/24 02:57 PM
Joined: Oct 2009
Posts: 5,689
Henry county
coldtrail Online content
12 point
coldtrail  Online Content
12 point
Joined: Oct 2009
Posts: 5,689
Henry county
Al my account with the exception of my buissness and one checking is with fidelity. I making about 4.97% in checking wirh fidelity. I love it, when I open up the page I see all my accounts, 2 brokerage, IRA, Roth, checking and savings. I immediately see how every account is performing, and can move money or buy securities with a click.


"And the days that I keep my gratitude
Higher than my expectations
Well, I have really good days" Ray Wylie Hubbard
Re: Bank for High Yield Savings [Re: BigEd] #4106704
03/25/24 03:01 PM
03/25/24 03:01 PM
Joined: Dec 2001
Posts: 13,907
AL
H
hunterbuck Offline
Booner
hunterbuck  Offline
Booner
H
Joined: Dec 2001
Posts: 13,907
AL
I'm getting 4.35% in savings with American Express.

Excellent customer service, and seamless transfers with my credit union.


"You think I care? Roll Damn Tide"

Have you tried Google?
Re: Bank for High Yield Savings [Re: BigEd] #4106710
03/25/24 03:16 PM
03/25/24 03:16 PM
Joined: Mar 2013
Posts: 5,907
alex city
oakachoy Online content
12 point
oakachoy  Online Content
12 point
Joined: Mar 2013
Posts: 5,907
alex city

Checking with SouthState getting 5% with no restriction of use. Went with SouthState because of the treasury navigator where I can do domestic and international wire transfers or ACH transfers. Anything that I put in to be paid has to be approved and the most secure that I felt in a long time.


WM Hunter "Trump literally sacrificed himself, his family and all of his businesses for this country.
He literally is a true American hero. And True American Patriot - warts and all."
Re: Bank for High Yield Savings [Re: BigEd] #4106745
03/25/24 04:18 PM
03/25/24 04:18 PM
Joined: Oct 2020
Posts: 91
Eldridge
C
Chaser1 Offline
spike
Chaser1  Offline
spike
C
Joined: Oct 2020
Posts: 91
Eldridge
Jenius Banks savings rate is at 5.5%. I tested the transfers to and from to see how seamless things were and was pleased. Dumped the rest of the money in the account last month.

Re: Bank for High Yield Savings [Re: BigEd] #4106750
03/25/24 04:23 PM
03/25/24 04:23 PM
Joined: Oct 2017
Posts: 254
North Alabama
W
Whitetaillane Offline
4 point
Whitetaillane  Offline
4 point
W
Joined: Oct 2017
Posts: 254
North Alabama
Stay away from Edward Jones for any financial dealings.

Re: Bank for High Yield Savings [Re: BigEd] #4106961
03/26/24 03:48 AM
03/26/24 03:48 AM
Joined: Dec 2014
Posts: 526
Rollin around here somewhere
YB21 Offline
4 point
YB21  Offline
4 point
Joined: Dec 2014
Posts: 526
Rollin around here somewhere
CB&S bank has some options I’d be looking look into. Call me crazy, but I want to know my banker by name and I love having a true two way relationship with my bank. Been well, well worth it for me. You can compare accounts on the site, feel free to pm me. Freakin love my bank.
https://www.cbsbank.com/

Last edited by YB21; 03/26/24 03:49 AM.
Re: Bank for High Yield Savings [Re: Irishguy] #4107251
03/26/24 12:20 PM
03/26/24 12:20 PM
Joined: Nov 2014
Posts: 4,161
chilton, co.
hayman Offline
10 point
hayman  Offline
10 point
Joined: Nov 2014
Posts: 4,161
chilton, co.
Originally Posted by Irishguy
I personally like Ally Bank (Formerly known as "GMAC" General Motors Acceptance Corporation.)

I have had great service from them. I always got a real American, English speaking person on the phone who has been more than helpful.

I have checking accounts at Regions, just to have a local bank, and the transfers between those two banks has been seamless.

Ally doesn't have the highest rates, but their service and their perceived stability (versus other relatively unknown online banks) is worth it to me.


I use this as well and Irish sums it up perfectly.


“Everything Woke Turns To SH_T” Donald J. Trump
Re: Bank for High Yield Savings [Re: coldtrail] #4107350
03/26/24 02:33 PM
03/26/24 02:33 PM
Joined: Feb 2013
Posts: 8,399
A
Atoler Offline
14 point
Atoler  Offline
14 point
A
Joined: Feb 2013
Posts: 8,399
Originally Posted by coldtrail
Al my account with the exception of my buissness and one checking is with fidelity. I making about 4.97% in checking wirh fidelity. I love it, when I open up the page I see all my accounts, 2 brokerage, IRA, Roth, checking and savings. I immediately see how every account is performing, and can move money or buy securities with a click.



I don't use fidelity for checking, but otherwise have savings & several other investment/retirement accounts with them.

Like you, I'm really fond of their platform. I've linked all my other non-fidelity investment accounts, all of my wifes, etc. & can view everything from one place.

Re: Bank for High Yield Savings [Re: BigEd] #4107351
03/26/24 02:34 PM
03/26/24 02:34 PM
Joined: Feb 2013
Posts: 8,399
A
Atoler Offline
14 point
Atoler  Offline
14 point
A
Joined: Feb 2013
Posts: 8,399
I've also got a paypal savings account, paying 4.3%.

Re: Bank for High Yield Savings [Re: BigEd] #4107672
03/27/24 07:12 AM
03/27/24 07:12 AM
Joined: Nov 2005
Posts: 3,831
Jasper
B
buckhunter2 Offline
10 point
buckhunter2  Offline
10 point
B
Joined: Nov 2005
Posts: 3,831
Jasper
CIT (not citi) Bank has savings rate >5%

Been using them for years.


You're only as good as your worst shot-
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