Hysa reddit

Best HYSA accounts you would recommend and why. I’m interested in getting a HYSA. I’ve wanted to know what you would recommend regarding a bank with a good rate as well …

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 …To get the daily interest, you could divide $205/365 = $0.56 per day. 2.05% APY is the end result of an unknown APR r compounded monthly for a year, i.e. Hence, r = 2.0309871%, and the daily rate for this year is r / 366. If compounding was daily, change 12 to 365 or 366. If there is no compounding inside a year, then APR = APY.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?They might charge the person (or business) borrowing the money 5% interest for example. Many banks only pay you 0.01% interest on that deposited money and they keep the remaining 4.99% for themselves. With a high yield savings account, the bank pays you a higher percentage on your money, so maybe 2%. Most of the banks that do this have a large ...A brokerage account lets you choose how to invest your money. Some investments pay interest. Some pay dividends. Selling your investment for more than you bought it for is also income (called a capital gain). If you held the investment long enough, dividends and capital gains might be taxed at a lower rate than other income.Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!Get the Reddit app Scan this QR code to download the app now. Or check it out in the app stores     TOPICS. Gaming. Valheim; Genshin Impact; Minecraft; ... Is it wise to have all of my savings in 1 HYSA or should I have multiple accounts with multiple companies? Right now I have $150,000 in just 1 location and I'd like to have easy ...

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 ... If you don’t have a short term need for the cash, like an emergency fund, putting it in an index fund, will be better. Long term like 5 to 10+ years will offset any volatility. But it sounds like you don’t have an emergency savings. If true, I would recommend building up a savings account that is enough for 6 months to 1 years worth of ...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 ... I am happy with CIT, they did just move the savings connect from 4.05% to 4.2%. I know the paltinum is 4.4% but it is a slightly different product and they havn't abandoned the savings connect. If you want to talk "sleazy" how about these: using peoples money and paying nothing. Bank of America .01%. HYSA recommendations. Investing Questions. Any HYSA recommendations or referrals? Archived post. New comments cannot be posted and votes cannot be cast. Sort by: Open comment sort options. weedmylips1. • 8 mo. ago. Put in vanguard settlement account that's invested in VMFXX currently getting 4.75% junger128. • 8 mo. ago. BouncyEgg. • 1 yr. ago. There's some slight, but not significant, increased risk utilizing a money market fund (use the words "breaking the buck" in your research). But yes, the 7 day SEC Yield is pretty much directly comparable to a bank/CU's published APY. Consider SPRXX for even more slightly (again pretty much insignificant) risk and yield.

In today's savings account interest rate environment, you should aim for an account that earns at least 3.50%, with the best savings accounts offering upwards of 4.5%. Many banks offer interest ...Reddit is a popular social media platform that has gained immense popularity over the years. With millions of active users, it is an excellent platform for promoting your website a...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 …I recently opened a HYSA account in December 2022 with Capital One at 3.4% interest. They also had a $1k bonus if you kept over 100k in the account for 90 days. It has been 90 days now and the bonus should be paid out by June, & I am seeing Wealthfront offering 4.55% APY (with a referral code, the extra .5% is only for 3 …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.The immaterial HYSA yield loss from not using one of the 100 other 2%+ banks is more than made up with instant liquidity between checking <--> savings. MMF's pay more than those other HYSA banks, are easier to access if Schwab is your primary checking, and will adjust faster to rate changes without you having to constantly …

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Some ppl may even say keep all in HYSA because 6 withdrawal limit is lifted. I like about a months expenses, just in case there's any issues getting paid. The emergency fund goes into HYSA. My regular monthly expenses are about $2,500, so I aim for a maximum of $3500 and a minimum of $500 in checking. 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. 91K Members.I know the biggest difference between those two account is, when the stock market go down you can lose your money compared to sitting in a savings account, but when the market go back up, you can make more money, compared to sitting in a savings account. So if I put $1000 into the brokerage account, and made a 5% …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 … 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 ...

The real question is how the 0.5% "high yield" accounts can stay in business when you can get plain accounts paying 1%, and much higher with some limits: 1% with no limit at T-Mobile Money. 2% on the first $20,000 at Elements Financial Credit Union, requires 15 withdrawal transactions per month but bill pays qualify. I use Ally, DCU, and HEBDebit. Your first $1,000 should go to DCU which offers 6.17% APY on amounts up to $1,000 or about $60 a year. Your next $2,000 should go to HEBDebit which offers 6% APY on up to $2,000 or about $120 a year. Between DCU and HEB, you’ll earn about $180 in interest annually on your first $3,000. 18 votes, 11 comments. true. Only thing I can say is some banks may guarantee you a specific interest rate for a X months or something, whereas a money market fund is going to be forced to respond relatively quickly to the interest rate environment (which in a rising rate environment is great, in a falling rate environment can be detrimental, and in whatever …If you can find an invite, HMBradley is a good spot to park up to $100k at up to 3.5% and lots of fine print; Series I bonds are 3.5+% right now if you can tolerate a one-year lock-up; otherwise you're looking at ~0.5% most places. If you have access to a consistent 0.75%, it's worth exploring to see what the terms are. Yeah but series I bonds ...Thanks! UPDATE: This post looks like it is still getting some traction, I did decide to sign up for Wealthfront since this post and wanted to give my own thoughts and opinions. - Wealthfront is different from other traditional high yield savings account, where Wealthfront does not offer the standard HYSA - instead you are opening a "cash" account.Amex hysa is currently earning 3.3% apy. No direct deposit requirement either. Overall, I’ve been very happy with my Amex account. I’m in the process of moving most of my e-fund from Ally at 3.3% to a 13 week T-Bill ladder, due to the 13 week T-Bills currently hovering around 4.5%.it’s normal. many banks have a interest rate of 4-5%. the issue is that it’s just a HYSA and the APY can go down at any time without a heads up. if you aren’t looking to spend your savings soon, i would look into a cd. the APY will be locked in for however long you set the duration to. downside is that you won’t be able to …High Yield Savings Accounts (HYSAs) HYSA Basics. What is a High Yield Savings Account? What is the difference between Interest Rate and APY? How can I find the … 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.

Mar 1, 2024 · A high-yield savings account, or HYSA, is a type of savings account that offers interest rates at least 10 times higher than the national average. Most HYSAs are found at online-only banks .

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.4.5. Overview. BrioDirect offers a High-Yield Savings account that offers a competitive yield that requires $5,000 to open. Read Bankrate's Expert BrioDirect Review. 5.35% APY. $5,000 min. deposit ...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.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?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... Bogleheads are passive investors who follow Jack Bogle's simple but powerful message to diversify and let compounding grow wealth. Jack founded Vanguard and pioneered indexed mutual funds. His work has since inspired others to get the most out of their long-term stock and bond investments by indexing. Active managers want your money - our ... 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. by Adventurous-Card-273 . View community ranking #37 in Largest Communities. Betterment HYSA @ 4%. Any reviews? Betterment is increasing the APY on their HYSA from 3.75% to 4%. I wanted to see if anyone over …

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Only the interest gained is taxed. So if in the 24% bracket and if in a calendar year you deposited $100 and it ended at $103. You'd pay 24% tax on $3, aka $0.72, leaving you will $2.28. Just divide the APY by the amount kept (100% - tax bracket %) to see the effective earnings. A 4% APY in the 22% tax bracket means you net 3.12%. Hey y'all, Looking to park ~30k (emergency fund + beginnings of saving for a downpayment) in a HYSA. I've heard good things about Ally, but there are a LOT of options for high yield online banking nowadays, some of which are up to almost 5% interest as of this month. 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.Marcus by Goldman Sachs currently offers 4.15% I believe and there’s no direct deposit required. You need to open a Sofi Banking account (checking plus savings) and direct deposit any amount to get that bonus. There are better rates out there but most are either 3 month to 1 year promo periods OR limit the amount that gets the …Earlier this year, Apple released the 4.15% HYSA (now 4.25%) and had been investing in it every month. I also opened an AMEX HYSA account 4.30% (now 4.35%). However, after using my newly found free time to scroll reddit and focus more. ... As an official Fidelity customer care channel, our community is the best way to get help on Reddit with ...Are you looking for an effective way to boost traffic to your website? Look no further than Reddit.com. With millions of active users and countless communities, Reddit offers a uni...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.Sep 2, 2566 BE ... Both MM and HYSA are good btw. Main diff is MM is not FDIC insured but it's so low risk anyway. And if Vanguard fails we're all screwed at that ...Best High-Yield Savings Accounts for February 2024 - CNET Money. Advertiser Disclosure. Money Banking. Best High-Yield Savings Accounts for February …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 ...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 ... ….

I use Ally, DCU, and HEBDebit. Your first $1,000 should go to DCU which offers 6.17% APY on amounts up to $1,000 or about $60 a year. Your next $2,000 should go to HEBDebit which offers 6% APY on up to $2,000 or about $120 a year. Between DCU and HEB, you’ll earn about $180 in interest annually on your first $3,000. I’ve heard around here that Ally is pretty awesome as a “high yield” account. But, I think they just lowered their rate to 1.9%. I was bummed out, but American Express is still offering 2.1%. Not a huge difference, but I would still like to maximize interest. But, since most people here have talked about ally, I wanted to ask before ...Nov 6, 2566 BE ... 23 votes, 23 comments. true. 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 ... Given the 5-7 horizon, you could do the following: EF stays in HYSA. 20k go to I bond to take advantage of the 0.9% fixed rate. rest of current saving goes in a target fund with target 2030 to try to get some growth. new savings go to HYSA/T bills/CD since the time horizon of new savings will be below 5 years.SoFi Bank, N.A. is a digital experience powered by the SoFi app featuring SoFi Checking and Savings accounts that allow you to save, spend and earn cash-back all in one place. Members can earn up to the highest APY on their Checking and on Savings with active direct deposit. Members without direct deposit will still earn … 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. With a high APY of 4.35%, Barclays Bank’s high-yield savings account includes many of the same features as other similar accounts, including secure 24/7 account access, free online transfers ...Apr 3, 2566 BE ... 4% of $150 is $6 (this is for the entire year, not each month), divided by 12 months would be $0.50 per month, and the amount would be prorated ... 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]