NEW! Best High Yield Savings & Checking Accounts December 2024

Поделиться
HTML-код
  • Опубликовано: 14 дек 2024

Комментарии • 92

  • @DiamondNestEgg
    @DiamondNestEgg  6 дней назад +6

    📢 We want to hear from you! Let us know what topics you want us to cover in 2025: forms.gle/bwmuPMJqytUyd72aA
    💎Get our popular bond course bundle & save $80: www.diamondnestegg.com/home#_paa2isucf
    💎Bond Beginners (our foundational-level bond course): www.diamondnestegg.com/bond-beginners
    💎Bond Masters (our intermediate-level bond course): www.diamondnestegg.com/bond-masters
    💎And join our super-supersaver membership for regular market updates & monthly live member Q&As ruclips.net/channel/UCnexoc6tvesvcCEzZhmI-Agjoin
    >>>>>>>>>>
    WATCH NEXT
    >> Our Bond Courses vs RUclips Membership | Which Is Right For You: ruclips.net/video/H5h4Eyh0hjo/видео.html
    >> Bond Beginners Course Sneak Peak | I-Bonds vs TIPS: ruclips.net/video/uXPzbje1g2E/видео.html
    >> Bond Masters Course Sneak Peak | How To Build A Bond Ladder: ruclips.net/video/p90IDmXn19s/видео.html
    >>>>>>>>>>
    SOURCES & REFERENCED VIDEO:
    www.openbank.us/
    www.santander.com/en/press-room/press-releases/2024/10/santander-launches-openbank-in-the-us-expanding-its-consumer-banking-business-nationwide
    www.pibank.com/pibank-savings/
    www.pibank.com/who-we-are/
    www.fdic.gov/
    banks.data.fdic.gov/bankfind-suite/bankfind
    www.origin.bank/performancechecking/
    www.newtekbank.com/personal/high-yield-savings/
    www.axosbank.com/pages/axos-one
    www.briodirectbanking.com/high-yield-savings/
    www.viobank.com/cornerstone-money-market-savings
    www.everbank.com/banking/performance-savings
    >>>>>>>>>>
    Here is the overview for Bond Beginners:
    1. Bond Basics
    What A Bond Is & How A Bond Works
    Why Invest In Bonds
    New Issue vs Secondary Market Bonds
    Interest Rates & Bond Prices
    Current Yield & Yield To Maturity
    Always Remember This!
    Buying At Par, Above Par & Below Par
    Different Types Of Bonds
    Wrap-Up
    2. The Risks Of Bond Investing
    Seven Key Bond Risks
    Credit Risk
    Interest Rate Risk
    Reinvestment Risk/Call Risk
    Inflation Risk
    Liquidity Risk
    Currency Risk & Country Risk
    Bond Risk Mitigation Strategies
    Wrap-Up
    3. US Treasuries Overview
    What Are US Treasuries
    Why Invest In Treasuries
    Where Can You Buy Treasuries
    How Are Treasuries Taxed
    Wrap-Up
    4. Treasury Bills
    What Are Treasury Bills (T-Bills)
    When Do T-Bill Auctions Happen
    Where Should You Buy At Auction
    Auto-Roll When Buying At Auction
    Where To Find Recent Auction Results
    High Rate vs Investment Rate
    Reopening Auctions
    Cash Management Bills (CMBs)
    Buying & Selling On Secondary Market
    Wrap-Up
    5. Treasury Notes & Bonds
    What Are Treasury Notes & Bonds
    When Do Auctions Happen
    Buying Treasury Notes & Bonds
    Auction High Yield vs Interest Rate
    Floating Rate Notes (FRNs)
    Treasury Zeros (STRIPS)
    Wrap-Up
    6. TIPS (Inflation-Protected)
    What Are TIPS
    When Do TIPS Auctions Happen
    Nominal vs Real Yields
    Negative Yields
    How Do You Adjust TIPS For Inflation
    Taxes On Phantom Income
    Secondary Market Liquidity
    Wrap-Up
    7. I-Bonds (Inflation-Protected)
    What Are I-Bonds
    How Does I-Bond Interest Work
    I-Bonds vs TIPS
    The Annual I-Bond Limit
    Wrap-Up
    8. Agency Bonds
    The Universe Of Bonds
    What Are Agency Bonds
    How Are Agency Bonds Taxed
    Treasuries vs Agencies
    Who Might Want To Consider Agencies
    Yield-To-Call & Yield-To-Worst
    Where Can You Buy Agency Bonds
    Wrap-Up
    9. Municipal Bonds
    Our Bond Universe Gets More Complex
    What Are Municipal Bonds
    How Safe Are Munis
    How Are Munis Taxed
    The De Minimis Rule
    Social Security & Medicare Premiums
    Treasuries, Agencies & Munis
    Who Might Want To Consider Munis
    Wrap-Up
    10. Corporate Bonds
    Our Bond Universe Is Complete
    What Are Corporate Bonds
    How Safe Are Corporates
    Corporate Bond Hierarchies
    Five Key Features Of Corporate Bonds
    How Are Corporates Taxed
    Treasuries vs Corporates, Etc.
    Who Might Want To Buy Corporates
    Wrap-Up
    >>>>>>>>>>
    Here is the overview for Bond Masters:
    1. Stocks vs Bonds
    Historical Performance
    Are Bonds Really Less Volatile
    Why Invest In Bonds
    Accumulation vs Decumulation
    Allocation of Stocks vs Bonds
    Wrap-Up
    2. Which Bonds Might Be Right For You
    Treasuries & Other Types of Bonds
    Nominal vs Real Yields
    Inflation vs Non-Inflation-Protected
    Taxable vs Tax-Advantaged Accounts
    Wrap-Up
    3. Bond Ladders & Other Bond Strategies
    Normal vs Inverted Yield Curve
    What Is A Bond Ladder
    5 Important Bond Laddering Questions
    Laddering When Rates Are Rising
    Laddering When Rates Are Falling
    Laddering When Rates Are Uncertain
    What Is A Bullet
    What Is A Barbell
    Wrap-Up
    4. Holding to Maturity vs Selling Early
    Why Hold to Maturity
    When To Sell Early Before Maturity
    Tax Implications Of Selling Early
    Wrap-Up
    5. Individual Bonds, Bond Funds, Etc.
    Why Buy Individual Bonds
    Why Buy Bond Funds
    Bond Fund Considerations
    Key Bond Fund Concepts
    CDs vs Treasuries
    Other High-Yield Investments
    Wrap-Up
    6. Our B.E.S.T. Model Portfolios By Age
    Our B.E.S.T Model Portfolios By Age
    Model Portfolios In The Industry
    B.E.S.T Model Portfolio Difference
    How Much Do You Need To Retire?
    How I Use The Rules of 100, 110, & 120
    B.E.S.T Model Portfolios (20s)
    B.E.S.T Model Portfolios (30s & 40s)
    B.E.S.T Model Portfolios (50s & 60s)
    B.E.S.T Model Portfolios (70s+)
    Wrap-Up
    7. The Decumulation Phase
    What Is The Decumulation Phase?
    Bear Markets & Recessions
    What Can You Do In Bad/Bear Markets
    Decumulation Tax Considerations
    The 4% Rule
    The Bucket Strategy
    The Flooring Approach
    Jen’s Bucket Strategy With A Twist
    Wrap-Up
    >>>>>>>>>>
    Thanks for visiting our personal finance channel! We hope this content will help fast-track your financial journey! Everyone's financial journey is different. Please note that:
    1) there are questions/ comments which I will not be able to answer without fully understanding your financial, personal & other circumstances
    2) we will not ask you to call us or send us money in the comments on this channel or any of our other social media accounts, so if you see comment(s) along those lines, it is most likely spam - PLEASE DO NOT ENGAGE WITH SPAMMERS OR GIVE OUT YOUR PERSONAL INFORMATION FOR YOUR OWN SAFETY

  • @paulmendoza5857
    @paulmendoza5857 6 дней назад +69

    I'm staying with T-Bils. 😂 I am a resident of NY. Doesn't make sense to pay local taxes for the savings account.😂

    • @bdonovable
      @bdonovable 6 дней назад +5

      Do you buy thru brokerage or Direct? (TD - treasury direct). I've been buying direct but obviously it's clunky as all heck.

    • @tr7287
      @tr7287 6 дней назад

      @@bdonovable direct. Once I got used to it, it's fine.

    • @paulmendoza5857
      @paulmendoza5857 6 дней назад

      @bdonovable of course I buy it trough a brokerage in Fidelity. This lady has a lot of videos about it

    • @KaiSosceles
      @KaiSosceles 6 дней назад

      Also wondering the same thing. Are you buying direct or through a brokerage?

    • @paulmendoza5857
      @paulmendoza5857 6 дней назад

      @@KaiSosceles brokerage. Watch her videos

  • @SteelyTheVan
    @SteelyTheVan 6 дней назад +34

    These higher rate bank yields are to encourage new members to join. The rates will change rather fast. The question is if it’s worth your time to keep an eye out for rate variations and then decide to push money around to another higher rate account. It just means more paperwork on taxes.

    • @kimappreciateslife
      @kimappreciateslife 4 дня назад

      I did this a few years ago jumping around for better rates and then I got into TBills and a prime MM fund.

    • @klmcwhirter
      @klmcwhirter 3 дня назад +1

      Exactly - do not try to time the market. Please work with a professional to develop a strategy and stick to it!

  • @als.2983
    @als.2983 5 дней назад +17

    "For the LONG TERM, Best High Yield Savings & Checking Accounts". That is the video I would love to see.
    Rate chasing makes sense for some people, for others all we want is a consistently "higher than most banks" rate without cumbersome hurdles. By definition, teaser rates just don't last.
    Ally, Capital One, Marcus are the names I usually see near the top of the leader board over the long haul.

  • @gloriawitek6401
    @gloriawitek6401 5 дней назад +2

    What a great service you provide.

  • @user-wm8fl2dk4c
    @user-wm8fl2dk4c 6 дней назад +11

    I opened a Pibank hysa. It took over one month and a couple of phone calls to get the acct opened. The rate originally was 5.5% but by the time the acct finally was able to be funded the rate dropped to 5%. That felt like a bait and switch. Now that the acct has been funded everything seems smooth but it has been less than one month. Btw with Pibank interest is paid on a mid month cycle on the 15th.

  • @teeconsigliano7631
    @teeconsigliano7631 6 дней назад +6

    good loss leader rates but what's the customer service long term?

  • @samspade2104
    @samspade2104 6 дней назад +10

    I think I'll stay with my money market for now.

  • @yoginelson
    @yoginelson 6 дней назад +3

    As always great content

  • @Kunyazaforever
    @Kunyazaforever 4 дня назад +3

    Keep money in a broad market ETF which has outperformed stocks and such as a whole long term. And gives better rates than 4-5% which short term at best. Rather have security than chasing rates.

  • @sandrahoward5512
    @sandrahoward5512 6 дней назад +7

    Thanks, I keep most of my Roth IRA in Schwab’s SWVXX money market (4.44%), while using the same funds to sell cash secured puts. I’m also buying TBills at Fidelity. I’m searching for new easy ideas.

    • @g.7furman57
      @g.7furman57 5 дней назад

      Check out SGOV

    • @selma5885
      @selma5885 5 дней назад

      what do you mean by cash secured puts?

    • @sandrahoward5512
      @sandrahoward5512 5 дней назад

      @ I sell puts on equities and have cash available (in SWVXX earning interest) if assigned. If assigned the equity, I sell some SWVXX.

    • @colddirt1
      @colddirt1 5 дней назад

      It's basically called the wheel strategy. Sell puts and if they get exercised, you sell covered calls on those shares and repeat. It's a good way to generate profits. There are good explanations on YT.

    • @moonchasestar
      @moonchasestar 5 дней назад

      @@colddirt1 i am a beginner for all those.Wheel strategy ? sounds very interesting.

  • @bhall7997
    @bhall7997 6 дней назад +5

    T-Bills and SWVXX is good enough for us all organized in Schwab IRA's

  • @Jackeemsvioleteyes
    @Jackeemsvioleteyes 3 дня назад +2

    Newish subscriber here. 2025 will be a year of continuing my education on all things money. I’m currently using a numbers spreadsheet to do a monthly checkup and to recap returns, etc. on my portfolio. I’m sure there are apps that would make this easier. Which apps do you/your listeners recommend? Thnx!

  • @CC-kl4nh
    @CC-kl4nh 6 дней назад +3

    Very helpful video

  • @Aculus1
    @Aculus1 6 дней назад +2

    LGE community credit union in at metro Atlanta (LGECU) has 5% APY on checking but requires a minimum number of credit or debit swipes per month. The also have very competitive mortgages and other loan rates. Customer service is very good.

  • @nahidkarimi7473
    @nahidkarimi7473 6 дней назад +4

    Do you trust the open bank ?

    • @Bob-be2pj
      @Bob-be2pj 5 дней назад +1

      No, don't want to be Yatta'd

    • @touchegoddess1961
      @touchegoddess1961 5 дней назад +1

      @@Bob-be2pj what does that mean?

    • @phototristan
      @phototristan 14 часов назад +1

      @@Bob-be2pj FDIC insurance and a direct division of Santander Bank, it’s not an issue.

  • @Brian-L
    @Brian-L 6 дней назад +5

    Opened a Newtek account early this year at 5%. They reduced the rate last month.

    • @jasenhook3888
      @jasenhook3888 6 дней назад +1

      I am with them over 2 years, I am happy... their highest rate stayed long 5.25 %, just resently they change 4.90 % (payes 4.78$)

    • @Userllmaa
      @Userllmaa 6 дней назад +4

      Newtek shorts one day of interest of CD. Watch out! You have to fight to get them paid. Dishonest practice.

  • @cpnorkus
    @cpnorkus 4 дня назад

    Origin Bank accounts are limited to their brick and mortar markets which include TX, LA, MS, AL, FL.

  • @MidCenturyMikey
    @MidCenturyMikey 4 дня назад

    Forget Vivian, your my new rich BFF

  • @frankvasquez9446
    @frankvasquez9446 4 дня назад

    Hi.
    Anyone know anything about Valley National Bank?
    Thanks

  • @robtam7529
    @robtam7529 4 дня назад

    WISE has interest earning account. I use it in Europe as the exchange rates are very good when converting dollars to other currencies as well.

  • @boodles07
    @boodles07 6 дней назад +2

    Timbr 5.25%!

    • @Brian-L
      @Brian-L 6 дней назад

      They are advertising 5.05% now. Still a pretty good deal!

    • @witzviewer
      @witzviewer 6 дней назад

      Timbr is 5.05%. Do try have any telephone based customer service?

  • @SunvalleyMetaphysical
    @SunvalleyMetaphysical 5 дней назад +2

    I'm staying with 4wk t-bills, I just dont trust the banks.

  • @coryjohnson3429
    @coryjohnson3429 5 дней назад +2

    Credit Karma bank drops their HYSA rates by 100 basis points at the drop of a hat. It's more than likely these banks would follow the Fed rate cuts in the same manner.

  • @ScottScott-b4h
    @ScottScott-b4h 5 дней назад

    I'm old school. I want to walk in and talk to someone face to face. We did just get a really sweet 2k bonus from Chase for moving our emergency fund accounts there however. 😊

  • @Coco-yw9nf
    @Coco-yw9nf 4 дня назад

    I bought long dated corporate bonds.They went down today.
    Is that normal.As long as I stay till due date would I get my money back?

  • @tomtalley2192
    @tomtalley2192 День назад

    I would never deal with Santander. Went into a Branch to cash a check drawn on their bank. They would not cash the check unless I opened an account. They lost out, because I was about to buy several hundred thousand dollars in some cds, because they had better rates at the time than other banks.

  • @brucesmith9144
    @brucesmith9144 5 дней назад +2

    Well, I’m out on the qualifications 🙁

  • @ClownCash
    @ClownCash 6 дней назад +9

    Making 10+ debit transactions get extremely annoying and it never ends. Hard pass on those accounts.

    • @dawnt5587
      @dawnt5587 6 дней назад +3

      That’s what gets me. I don’t even use my debit card.

    • @worldsails2000
      @worldsails2000 6 дней назад +3

      Yeah, my credit union offers a 5% rate but you need to make 4 debit purchases. I don't have nor want a debit card.

  • @bigkahunaburger5185
    @bigkahunaburger5185 2 дня назад +1

    Be careful with these teaser rates and FDIC insurance is great, but who wants to go through the process of getting your money back from the FDIC if the bank fails?

  • @MarkMorgan-gr5bg
    @MarkMorgan-gr5bg 5 дней назад

    Open bank disclosures state, "This is a variable-rate account and the rate applicable to your balance tier may change at any time without notice." Is this common?

    • @moonchasestar
      @moonchasestar 5 дней назад

      It's true for money market ,high yield saving anything other than CD. Even CD has a callable CD. SO really makes no difference with or without this disclosure. It's a redundant disclosure to me.

  • @leoramirez3146
    @leoramirez3146 6 дней назад +2

    Cd i want not savings

  • @albertodealbaMiami
    @albertodealbaMiami 2 дня назад

    I encountered difficulties in opening the account, despite multiple attempts. The verification process failed, resulting in an inability to proceed. Consequently, I opted to open an account with Junius Bank, which proved to be a seamless and hassle-free experience.

  • @cookmaster3626
    @cookmaster3626 5 дней назад +1

    Almost all these Hi Yield savings accounts drop the rates after a short period and DONT tell you. Even on your monthly statement wont list the rates in force and will only list the interest earned. It will be up to you to find out the current rates. Been there before and wont be worth the time to open. T bills are my favorite ones.

  • @TheOldTapeArchive
    @TheOldTapeArchive 6 дней назад +1

    So in order to get the 5% rate on the Origin Performance Checking account, you have a $36K window. I understand the minimum $4K amount. But you only qualify for 5% "up to" $40K. $40,000? That's less than the average price of a new vehicle. That ridiculously low amount makes me wonder who their target market is, and raises too many red flags. The Santander/OpenBank option is much more desirable. I'm expecting their geographic limitations will eventually be waived.

    • @Kevin-jf5bw
      @Kevin-jf5bw 6 дней назад

      Been with Origin pulling in 2,400 a year when rates were 6%. This is a checking account. Demand accounts will typically pay less and/or place limitations vs savings or mmkt accounts.

  • @stephenrieger85
    @stephenrieger85 5 дней назад +2

    Great content but not for me thank you

  • @2023gainer
    @2023gainer 6 дней назад +2

    Looking for the EV and AI sectors Surging This Week at the same time. Thumbs Up video/ comments. Thanks.

  • @kimappreciateslife
    @kimappreciateslife 4 дня назад +1

    4 week T-bills and FZDXX & SPRXX.

  • @Kunyazaforever
    @Kunyazaforever 4 дня назад

    Keep money in a broad market ETF which has outperformed stocks and such as a whole long term. And gives better rates than 4-5% which short term at best. Rather have security than chasing rates.