High-yield saving accounts

Are there any recommendations for high-yield savings accounts?

Would use a website like:
https://www.magnifymoney.com/compare/savings-account/

They show a lot of the available ones , along with a transparency score.

There are some other discussions on high-yield savings accounts under the Savings messageboard. Doctor of Credit is usually a good source to find good rates.

Ally is decent, check out the thread Aaron mentioned tho, lots of good info.

Thank you for the suggestions!

I think that Affirm has a 1.30% APY

I am looking for another online savings account with a higher APY than the one I have with Ally Bank (which is 1.00% due to the pandemic).

I google APY rates on a monthly basis to try to figure out where I should move.

Discover

DCU if you're a Massachusetts resident

I have used my local banks Christmas club account with a yield at 4% approximately then roll it over!! Very few financial institutions carry this option anymore

I don't think this is really a thing anymore. I'm at Ally bank an at 1% they're constantly crowing about having 15x the interest rate of most banks. DISAPPOINTING.

Digital Federal CU
6.17% Savings - $1k Max
Open to anyone. No requirements.

Bank of Denver
1.50% Kasasa Savings - $50k Max
2.50% Kasasa Checking - $25k Max
At least 12 debit card purchases
At least 1 ACH credit or debit transaction
Be enrolled in and agree to receive e-statements

Evansville TFCU
3.30% Vertical Checking - $20k Max
15+ debit card purchases
1+ direct deposit into the account
1+ online or mobile banking login
Receive electronic statements

Navy Federal CU
3.50% Certificate of Deposit - $3k Max
Must be eligible to join NFCU
1+ direct deposit into the account

Thanks Shaina. Those are some really high rates!

I have to plug my new favorite Yotta Savings https://withyotta.page.link/qBBUrzpNCfknZoX17 Savings with lottery tickets plus 2% interest. The link gets us both 100 tickets. I won $1.80 last week with $25 total in my acct.

Here's a review:https://www.youtube.com/watch?v=9XU-4JUJOH0 "The craziest savings account with lottery tickets and a 4% expected value! "

I have to plug my new favorite Yotta Savings https://withyotta.page.link/qBBUrzpNCfknZoX17 Savings with lottery tickets plus 2% interest. The link gets us both 100 tickets. I won $1.80 last week with $25 total in my acct.

Here's a review:https://www.youtube.com/watch?v=9XU-4JUJOH0 "The craziest savings account with lottery tickets and a 4% expected value! "

2% interest or 0.2% interest?

I have to plug my new favorite Yotta Savings https://withyotta.page.link/qBBUrzpNCfknZoX17 Savings with lottery tickets plus 2% interest. The link gets us both 100 tickets. I won $1.80 last week with $25 total in my acct.

Here's a review:https://www.youtube.com/watch?v=9XU-4JUJOH0 "The craziest savings account with lottery tickets and a 4% expected value! "

2% interest or 0.2% interest?

Ooops, sorry…you are correct.

Thanks Shaina, I'll be checking those out.

Digital Federal CU
6.17% Savings - $1k Max
Open to anyone. No requirements.

Bank of Denver
1.50% Kasasa Savings - $50k Max
2.50% Kasasa Checking - $25k Max
At least 12 debit card purchases
At least 1 ACH credit or debit transaction
Be enrolled in and agree to receive e-statements

Evansville TFCU
3.30% Vertical Checking - $20k Max
15+ debit card purchases
1+ direct deposit into the account
1+ online or mobile banking login
Receive electronic statements

Navy Federal CU
3.50% Certificate of Deposit - $3k Max
Must be eligible to join NFCU
1+ direct deposit into the account

I'm pursuing the Navy Federal CU Special EasyStart Certificate. In addition to CU membership, which requires a savings account with at least $5, it usually requires a checking account and monthly direct deposit. However, I've been informed that they are currently waiving the checking account and direct deposit requirements.

@Aaron if you got that information from an NFCU phone representative ask them to direct you to where that's written on their site. They mean well but most of them have no clue about banking products and more often than not, misinform members.

@Aaron if you got that information from an NFCU phone representative ask them to direct you to where that's written on their site. They mean well but most of them have no clue about banking products and more often than not, misinform members.

Finally established membership with NFCU and opened the Special EasyStart Certificate. For now, the requirements for direct deposit and a checking account are waived. They warned that it's possible that the requirements will be back in place when the account matures.

I'm using my son's youth saving account to save money. It's 2.96% monthly and 3.00% yearly

I use Vio Bank for my account. Unfortunately, their interest rate has fallen since COVID but I am hopeful it will go back up eventually.

For those of us using Ally, I just got notice that the 0.80% APY is dropping to 0.60%.

For those of us using Ally, I just got notice that the 0.80% APY is dropping to 0.60%.

Me too.