What is your favorite online interface banking platform?

I've been with BoA/Edge 17 years now but it's driving me crazy seeing others getting a 4.5% -5.5% APY on there high yield savings account(s)... I'm only getting 0.04% for having 100k+ bench mark with BoA

Also note worthy: I would like to run my small business accounts through it as well as personal.

Have you asked BOA what high yield savings accounts they offer?

Ally bank is a non brick /mortar that has competitive rates

i just put $26k into a 7 month CD with them for 5% APR 4.89% Interest but i cant touch it without penalties.

but i also have $100k just sitting that i need to keep liquid for Personal & Business purposes so locking it up is not a option.

also note: i was looking at Ally this morning since Davi Ramsey pushes them hard... they charge you "$25/hour" if they have to go in and look at a transaction? (seemed weird to me...but they have to make there money somewhere)

This post was edited by RPG5621 on Feb 7 2024 09:00am

Aside from CD what’s the highest yield on savings ? At one point over the last few years it was around 5% I think. Not sure about the 25/hour tbh. I don’t personally use them, I use Wells Fargo and fidelity. I’ve been bad , cash is basically sitting in checking and I have a savings but it’s pretty abysmal %. Honestly I’m not doing shit today I’m going to look into what highest yield savings accounts wells has to offer

0.04% (Perc for being a Platinum Honor Customer... starts at 0.01% and goes up to 0.04%)



This post was edited by RPG5621 on Feb 7 2024 09:37am

Jesusssss

BoA should be partnered with Merrill edge.

Look into Merrill edge for their high yield savings account (needs a minimum deposit iirc).

Sofi has 4.6% savings not cd from what I’m seeing online

Wells savings accounts rates are tiered based on total
Account value

100-499k = 1%

500-999k = 2%

1 mill + = 2.47%

They actual bought then out I believe

I just created a SoFi account... you only get the 4.5%+ yield if your depositing like 5k a month? If not it's like 2.5%? (Dont quote me)

The interface had some nice features but over all it was very glitchy/lots of bugs