[USER]

I’m wondering which bank you picked for your HYSA and why you chose that bank.

When it comes to maximizing savings with a High-Yield Savings Account (HYSA), the choice of bank can make all the difference.

We’re curious to know which bank you decided to trust with your HYSA and the reasons behind your decision.

Did competitive interest rates sway you?

Was it the customer service, the ease of access to funds, or perhaps a unique feature offered by the bank?

Maybe your choice was influenced by a promotional offer or a recommendation from someone you trust.

Share your experience and help others in the community make informed decisions about where to grow their savings!

[AJ]

Went with Ally a few years ago because they had one of the highest rates at the time and there was some sign on I don’t even remember now.

They aren’t the highest rate now but I stay with them because I like their savings buckets, it’s easy to transfer money in and out, and it’s not worth 0.25-0.50% to me to move accounts now.

[Sarah]

I use Wells Fargo, new to learning finances. I have a 4.67 for the hysa and my CD

[Anne]

Vanguard because I have my stocks there and I like having as little accounts as possible

[Karen]

Wealthfront after a lot of research. One of the best APRs out there, saving categories so I can assign money to different buckets, you can pull money from an ATM with a card (haven’t tried but its available), and money transfers to my main bank are done on the same day.

So far I love it

[Emma]

My local credit union. It’s not technically a high yield savings account but they have an “intelligent checking” account that’s the exact same as a normal checking account but it has a 5.50% APY with basically no conditions and I can keep ALL my money in one spot.

I use iQ Credit Union, based in the pnw.

I prefer it over Marcus because while Marcus offers a 5.50% APY it only lasts a few months unless you continually give out your referral code.

[Erica]

I’m with Amex. I know it’s not the highest, but for me it’s the easiest.

[Rachel]

I chose Marcus! Has a really good referral program and generally makes higher than others I’ve looked into (5.5% with bonuses).

Also they have an additional aarp bonus open to everyone that helps too.

Transfers are super easy between online and brick and mortar.

And fdic insured.

Never had any issues

[Sylvia]

I’ve had 3 different HYSA over the years and Wealthfront is my favorite at 5% or 5.5% if you use a referral link.

They have great reviews and the platform is easy to use.

They also have the quickest transfers between WF and other banks.

I have same day transfers with my brick and mortar bank which has be awesome.

[Diane]

I’ve been very happy with Wealthfront. They currently pay 5.5% with a referral.

Their app is easy to use, no minimum balance or fees, unlimited transfers, free same day withdrawals, and FDIC insured.

It was easy to set it up too.

[Clara]

Does anyone use Robinhoods Gold account? $5/month but they match your contributions and APY is at 5%

[Ashley]

I use Discover. I like the convenience, customer service has always been great when I call and transferring is simple if I need money pretty fast.

It’s been pretty competitive with interest rates.

I personally don’t see the point in changing over HYSA just for a little bit of a rate bump.

I also keep some of my money in CD’s as it has higher interest than my HYSA.

[Katie]

SoFi. Set up a direct reoccurring deposit, unlocks 5%. I can access it in an emergency, make separate “vaults” for different savings goals.

And even play around an invest from it.

(Aside from my full retirement money of course)

[Author]

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