5 Best High Yield Savings Accounts: High Interest No Fee’s
HTML-код
- Опубликовано: 29 сен 2024
- On this episode of The Table with Anthony ONeal, we break down the essentials of high-yield savings accounts and how they can propel you toward your financial goals. AO discusses the advantages of earning higher interest rates, the security of FDIC insurance, and the ease and flexibility of online banking. Whether you're just beginning your financial journey or seeking to optimize your savings strategy, AO’s expert insights will help you maximize your money and establish a strong financial foundation for the future. Don't miss this episode-it's packed with valuable information that can make a real difference in your financial success!
Mentioned On Today's Show:
🤝 Bethel Tech: www.anthonyone...
🏦 Savings Accounts:
Sofi Bank: anthonyoneal.c...
Ally Bank: www.ally.com/b...
Amex Savings: shorturl.at/39AEx
Wealthfront: www.wealthfron...
Discover: shorturl.at/MDwEt
Bank Purely: www.bankpurely...
Disclaimer: These affiliate links and some terms may apply, which means I may get a commission if you purchase. However, none of the fees of these resources have been increased to compensate me. In fact, many of these have given me special discounts that I get to extend to you! 😉
📖 Book of the month: amzn.to/3wAHebK
Checkout My Network Partners:
🤝 Bethel Tech: www.anthonyone...
🤝 Better Help: www.betterhelp...
🤝 Chime: www.chime.com/...
🤝 Course Careers: www.anthonyone...
🤝 Ethos Life Insurance: anthonyoneal.co...
Tools Created With YOU In Mind:
💲Wealth Builder Tool: www.anthonyone...
💰 Wealth Calculator: www.anthonyone...
💸 Debt Calculator: www.anthonyone...
🏦 High Yield Savings Account: anthonyoneal.c...
💵 MooMoo Investment Account: www.anthonyone...
💲Financial Advisor: www.anthonyone...
📗: The Ultimate Guide To Debt Payoff: www.anthonyone...
📒 Make Money Online: www.anthonyone...
📈 Get A Raise: www.anthonyone...
👩🏾❤️👨🏾 Singles Playbook Quiz: take.singlespl...
❓ Guide To Asking Hard Questions: get.thequestio...
⛪️ My Devotionals on The Bible App: rb.gy/v0qf9i
🔎 Find a Church Near You: www.anthonyone...
The Neatness Network:
🎤Patrice Washington: @PatriceWashington
📗Joy River: @TheCouchwithJoyFriends
👩🏾🍳Victoria Lewis: @thevictorialewis
🏅Justin Owens: @Runtheplay
👨🏾💻Cyrus Harbin: @techisthenewblack
FREE Webinar:
💻 The Personal Brand Masterclass: anthonyoneal.c...
RECOMMENDED Reading
📔 Debt Free Degree: amzn.to/3jA8GfR
📓 Destroy Your Student Loan Debt: amzn.to/3uG5wNQ
📓 Essentialism: The Disciplined Pursuit of Less: amzn.to/37iUUf1
📘 The Ruthless Elimination of Hurry: amzn.to/3uEiKdW
🎙 Listen to the show
iTunes: apple.co/2Wb2FhG
Spotify: open.spotify.c...
🎵 Intro: "The Table - Evan Ford, www.instagram.... / evan-ford "
GET IN TOUCH
🌍 My website - www.AnthonyONe...
🌍 Advertise With Me - partnership@anthonyoneal.com
Connect with Me!
Instagram: @anthonyoneal
Facebook: @anthonyoneal
Who I AM:
Hey, fam! I’m Anthony and I’m here to help you discover your authentic self and achieve spiritual, financial, and mental freedom. I know what it’s like to be in debt and homeless - I’ve been there. But with the grace of God, I was able to turn my life around and I’m now helping others to do the same.
Join me on my RUclips channel and let’s start this journey together. I’ll share my experiences, tips, and tools to help you achieve success and become debt-free. Plus, you can follow me on Instagram @AnthonyONeal and visit anthonyoneal.com for more resources and help.
Subscribe now and join the AO fam! Let’s get to it!
Have A Questions You Would Like Asked On The Show:
Tweet me @anthonyoneal or email me at anthony@anthonyoneal.com. If your question is long, I might not read it, just being honest. 😁
Disclaimer: Some of these links are affiliate links, which means I may get a commission if you purchase. However, none of the fees of these resources have been increased to compensate me. In fact, many of these have given me special discounts that I get to extend to you! 😉
High-yield savings accounts are perfect for short-term savings goals, like building an emergency fund
I think interest rate is the most important factor it's all about maximizing your earnings!
It's crucial to understand the terms and conditions, including interest rates and fees, before opening a high-yield savings account
Some people find high-yield savings accounts helpful for emergency funds, but others might prefer alternative options
HYSA is not for us who are trying to save for retirement and need access to our monev frequently
I'm in a similar situation I'm planning to hire an advisor to help me explore alternative investment options for my retirement portfolio
Been using sofi bank as my main bank for since Jan and i love it
Please explain the IRS collection to your audience that's attached to this extra money
Can you explain it? I’ve been trying to find videos on it but I can’t find
Thanks
It’s interest or dividend income that should be reported on your tax return at the end of the year.
It's literally just taxed with your other income. It means that if you make a free $100, you pay taxes on that $100. Nothing major is taken. Still totally worth it.
Do you still endorse Bask bank?
UFB 5.25%
No chime???
This is ridiculous, why does it take you this long to give at least one of the HYSA name. Why do I need to subscribe to a channel that does more rambling when you can ramble in between giving the banks name. SMH.
I have several HYSA accounts. My favorite is Bread 5.15% however I also have Vio bank 5.30% and FlagStar 5.55%. My best advise for people is instead of going out to eat, to drop that $100 into a HYSA. Instead of buying a new car, put that $700 a month into HYSA. Instead of doing $7 a day at Starbucks, put that $200 month into HYSA. Will be surprised that after several years you have $30k, $50k, $100k saved! Every $1 adds up and eventually you will be earning $10 a day, $30 a day, $100 a day in interest! I’m currently up to $123 a day!! That’s right, $45,000 a year in interest from years and years of not spending and instead saving my blue collar income. I’m not even college educated, I’m a blue collar worker who gets dirty daily however each paycheck I immediately put 25% into HYSA and watch my earnings increase
Thank you
👊🏾💪🏾
Motivation 💪🏾💪🏾💪🏾
Your comment is the best. Thank you👊🏾
Do you mind sharing why you have 3 different ones and why you like Bread more compared to the others?
Summary:
1. Ally - 4.20% APY
2. SoFi - 4.60% APY (with direct deposit for checking account )
3. AMEX Savings - 4.25%
4. Wealth Front - 5.00% (starts high but drops to around 3% after 30-60 days)
5. Discover - 4.25%
6. Bank Purlely - 5.05% ($25K balance must be maintained)
I love you... I watched it but this helps my mommy brain a lot
Number 4 is a lie. I have had Wealthfront for a year and I’m still at 5% interest.
Thank you ❤
Look into CORNERSTONE CAPITAL BANK.
5.3% HIGH YIELD SAVINGS ACCOUNT. Deposit over $100,000
Certificate of Deposit.
5.64% 12 & 18 months
5 year CD
5.00%
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.
Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
I'm in finance and thought it was hilarious when you said "MOST people have 10,000 in savings". Not true. MOST PEOPLE DO NOT EVEN HAVE 5,000 IN SAVINGS. Anyone can find statistics on that. The bottom line is you can save all you want but its not going to do much. To survive today, you HAVE to find ways to MAKE more money. Period.
You are contradicting yourself, brother. It is easy to save. People need to stop spending money they don't have on junk and stop trying to keep up with the Joneses, and they will have savings. The majority of people have a lot of unnecessary stuff to show people they have a lavish lifestyle, such as cable bills, expensive brand-name clothes, expensive cars, and jewelry. I stopped buying junk in 2007 and now have saved up to $250,000 plus dollars in my savings account, plus I own my house.
He said they SHOULD have that to cover three months of expenses, but I'm glad you're in finance 🙂
@@willtacoma2ndgen661congratulations - facts because I’m on my way
The point he was saying was that IF they have a savings account of 3 to 6 months of expenses, for most people that amount would be $10k or more. He didn't say most people have that amount in savings, but rather that they should if they are aiming for the goal of 3 months of expenses.
Marcus and UFB
Holy fluff… 21 min video that could’ve been 3 minutes
From a guy who saves $0
How would you know that?@@jimbobjim2310
To much yapping 🤦🏻♂️
I want to thank you. I signed up with SoFi back in January when I saw another one of your videos about high yield savings accounts. I am very thankful. The growth is so great and I am very grateful. Take care 🙏🏾🙏🏾
@Hostline_TheTableWithAO no I’m not on your private coaching program yet.
Look into CORNERSTONE CAPITAL BANK.
5.3% HIGH YIELD SAVINGS ACCOUNT. Deposit over $100,000
Certificate of Deposit.
5.64% 12 & 18 months
5 year CD
5.00%
Video starts 15:14
I fell on the floor after clicking this and seeing how little is left of the video. Lol
thanks bro! dude is literally a professional yapper! has to make his videos a certain length to monetize. hate it!
Thank you ❤
Thank you so very very much!!! These videos are way too long.
Ty!
Synchrony is 4.75% for their HYSA. I've been with them for years. They have no minimums and an ATM card. They are terrific. They also have good CD rates.
Im also with Synchrony, but get only 4.65%.
My money makes me approximately $170 per month in my SOFI savings account. I take that interest and put it all towards my lone remaining credit card debt which is 0% until January.
Capital 1 360 savings with 4.25 percent
I started putting 10$ a paycheck away. It wasn't much but we all gotta start somewhere. Seeing that extra dollar get put into my account monthly because of the interest is super motivating. I recently cut back on a lot of thinga and plan on upping my contributions. I love watching the growth and can't wait to get to a healthy range.
@@bigmac27sauce59 great work. Next do $20 a paycheck, then $30 a paycheck. I’m up to 25% of my paycheck and I’m not going without
Sofi is 4.5 with direct deposit and only insured up to 250,000
Love Ally for their buckets feature!!!!! That interest hitting those accounts is like Christmas all year long!😍
We have Ally as well and I totally agree with you 💴 people dont know what they’re missing
@@readingstrategistthank you.
100% agreed. I've had them since 2011. Great rate
I’ve never had Ally, but I’m thinking about signing up. Is it really a good high yield account? I hear people saying that they’re getting scammed.
@@valg.3152 I’ve never experienced being scammed and having Ally accounts have changed my financial situation tremendously. I have nothing bad to say about them.
Marcus and Goldman Sac at 4.40% and PNC at 4.55%
Yup Marcus is my current favorite
I have a weathfront cash account, its been having it for a few years, the interest rate is still 5% and up to $8 million of FDIC insurance through our partner banks.
Thank you 🙏🏾 so much for posting this information! I am constantly surprised at how little interest is offered when the credit union s using your money.💰 😮
I’m surprised Laurel Road isn’t in! Now It’s 5.15% APY!
Credit Karma 5.10% APY
Yes,I have one with them.
Laurel Road 5.15% APR
I’ve seriously been debating on switching to Credit Karma. That’s a great rate!
What about Western Alliance Bank at 5.35% APY?
Credit Karma it is!
I have had Ally since 2012 and I looked about 2 weeks ago and I just saw my savings account was a HYSA I was soooo happy and you can do savings buckets, so I’m about to move more funds
I opened Laurel 5.12%
and Ally.
I love republic bank in chicago. They pay 5.2% on money market. Vio Bank pays 5.3%. Love both.
How does money market work in VIO ? Is there any fees for money market ?
@@jhonhani1488 dang i apologize i didn't see this until now. No, no fees unless you withdraw more than 6 times per month. It is limited access and that is why they pay higher than most.
Thank you Anthony!! I opened a High yield account and Im already benefiting from it!!
Same here
7 minutes into the video you haven't said anything, just keep repeating yourself.
Just discovered your channel, great information.
Thank you and much continued success to you!
Great video earned my subscription & thumbs up god bless and keep spreading knowledge
I'm 55 and earn about $450k annually, only save 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy, thus my question - real estate, stocks or gold, which will be a better investment as of now?
Honestly leave it in a account that yeilds 5%, or better still get in touch with a trusted guide .
Agreed, opting for well detailed guide is the best way to go about the market right now. I average 4 figures/month in dividends. I'm in the process of dumping some stocks that I feel are not solid performers, but my overall stock portfolio just hit $600k. I have overly 30 stocks with digital assets clearly vetted by my guide..
@@anna-brazz mind if I look up your guide please? I've worked in real estate for over 25 years and have
neglected a major stock portfolio. Although This served me well when I was flipping and renting houses,
however I need a different plan now. thanks ..
She goes by ''Katherine Nance Dietz'' a seasoned guide with over two decades of experience. You can research her further on the web.
curiously inputted Katherine Nance Dietz on the web, spotted her consulting page at once, and was able to schedule a call session. Ive seen comments about advisors but not one looks this phenomenal. thanks for putting this out
I got kicked off Ally because I didn't have any activity going on in my account. This was during the pandemic, and I had ALOT going on mentally and physically so I could only allocate my energy in staying afloat with my main checking from another major bank. Before I stopped logging into Ally, I left some money in there and dipped, and when I came back several years later, hoping to see how it grew, I was told they sent my money to my state's unclaimed properties. I was so upset. I thought it was a set it and forget it type of bank.
So my question is, is there a set it and forget it High Yield bank out there?
I know people/ educators whom have at least 25,000 in savings. Not super wealthy just great savers. I live and work in MD we do ok but before you say something crazy we also have a high cost of living. If my children see this Save Your Money. I made more off 10,000 from a high yield in 2 mouths I made $47 than a whole year. I had more than $20,000 in Navy Federal (checking and savings).
Emigrant direct 5%, no fees, no minimum balance
What’s the downside in getting a hysa with sofi with direct deposit and getting the $300 bonus and then jumping ship to one with a higher rate? Also, can you explain how these pay out? The lady on the phone said you get paid yearly on what you have saved at the last day of every month? I’m so confused.
Question can we open kids account. Under this high yield savings account
Yessss the exact video I was looking for. 👌😊
To qualify for the best interest rate on a SoFi savings account, you must deposit at least $5,000 every 30 days or receive direct deposits of any amount. If you don't meet these requirements, your APY will be 1.20% instead of 4.50%.
Some potential negatives of Ally Bank's savings accounts include:


No physical branches: Ally Bank is an online bank without any physical branches, so there's no option for in-person customer service.


No cash deposits: Cash deposits are not an option for Ally Bank accounts.

Limited wire transfers: Ally Bank doesn't allow outgoing international wire transfers.

Potential for account closure: If an Ally Bank account balance is negative for more than 45 days, the account may be closed.

Limited growth: While high-yield savings accounts (HYSAs) can help grow money, the yield often doesn't keep up with inflation. This means that HYSAs may not be the best way to build long-term wealth for retirement.
what’s good hysa that I be able to transfer money without fee to my daily used chase bank account ?
Talk about a dating account 😂
Chase currently has a CD with 4.6% for 7 or 9 months
Chase CD at 4.75% for 9 months (at least in the Los Angeles, CA area)
@@MichaelDavisDJMic Thank you! Good to know😃
I have cds with Discover at 4.7 for 12 months
I remembered last year you mentioned capital one. What happened to it 🤭 I opened it because it was one of the good one’s 🤔
Is a money market account for 5.29% in vanguard such as the Vusxx with an expense ratio of .09% a good idea?
@@ronnieadrian9843 mutual fund, you may lose $$
Vio bank is the bomb- 5.30% Thank me later!
Yessssss
Minus the taxes. State and Federal about 20% of Yearly APY
How much taxes you paying on that interest?
Video starts after 15:17
What about a savings account at Bask Bank? I believe you mentioned it several months ago.
Can you do a review or analysis on Goldman Sachs Money Market account please? I believe their APY is high but I'm not as well versed about finances and wealth
What about Marcus by Goldman Sachs high yield savings account?
Miller Anthony Martinez Betty Moore Betty
Question: Why are there a Regular Savings Account and High Yield Savings Account? Why not only high yield savings account when they are mostly the same expect the interest? What does Regular Savings Account offer that HYSA does not offer?
Nothing. Online banks offer high yield savings accounts at higher rates due to having lower operating costs.
But aren’t you taxed on the interest you’ll earn?
List Starts at 15:10
not all heroes were capes😂🙏🏽
If I'm not mistaken, savings account APY can fluctuate based on market conditions. Why not use a CD and lock in the interest rate for a term? I do understand the benefit of HYSA where you can move your money at will, but if that's not a requirement, why not do CDs? Or a Jumbo/mini Jumbo?
He talked about cd and the fluctuate of apy in the video
Yes the rates fluctuate , but rates have never been this high in years almost 5% & they’re guaranteed to over around that for about the next year or so due to inflation & the fed increasing rates …so it’s basically a CD , but if have access to it if you need it , I use my interest dividends to pay for my yearly cruise vacation & to pay for my car insurance for the year
Dude. GET TO THE POINT
This doode is funny.
I have my sofi acct!😊
These are some great places to start! Great tips thanks!
What about Raisin Bank which is at 5.26%
Not actually a bank, Raisin works like a referral to HYSAs. Raisin itself is not a bank
Sofi?
Yes! Here is the link! 🏦 Savings Accounts:
Sofi Bank: anthonyoneal.com/savings
With Sofi, you have to open a checking account and a savings account at the same time. They will not allow you to just get a savings account. I looked into it after one of your earlier shows. In the end,I decided not to move forward because I didn't want a new checking account.
15min in he gets to the names
Nathaniel Cliffs
Robel Pines
Great info bro
I love this going to open one right now! I see you’re a life insurance broker as well. I too work for Ethos.. can we start educating people on IUL’s?
God bless your soul.
❤
I have a ? I have a 457 from my job I want to invest 100k of it when I retire I will be receiving a traditional pension so the 457 is not my primary income
457 Roth here.
Capital one has a high interest rate for a savings account
The 360 savings is solid, 4.25 % APY. No minimum balance, no monthly fees.
I have a Capital One HYSA also.
@@inquisitiveferret5690 is this real I'm going get one asap
I use Capital One as well.
I’ve had an older savings with Capital One with only a 0.3% annual. I just opened a new Performance Savings with a 4.25 rate. 😫 Better late than never.
We have Ally and LOVE IT 💰 💃🏾
How long you been with Ally? Do you really like it a lot
Second time you don’t even mention Bread Savings or UFB Direct. Terrible list.
Hi Anthony, just saw your RUclips channel. What is your take on UFB -HYSA .Thanks
I would subscribe if you just got to the point. i get how You tube works and the longer people view your video the better, but some of us have things to do.
He had mentioned that by opening a Wealthfront hysa you get opened up with 5% but will go down after 36 days to as low as 3%. Now is this the same for all these banks you mentioned? As in you get locked in for what they advertise but then drops significantly low in APY?
you talk too much .. 10min of your bs until you start talking what we came here for...
What about Goldman Sachs Marcus!! That one is fire!!
Why not Capitol One with a 4.25% interest rate.
Because vio pays 5.3%
Great advice I have a discover credit card I just opened a savings account thx u sir for the free game
TD Bank has a 6 month CD paying 5 per cent. Maybe the big banks are starting to loosen up. Keep fighting the good fight.
USB Direct currently have an APY of 5.15% APY
There’s also UFB Direct at 5.25%, Bask (which you mentioned in another video) at 5.1%, and Betterment at 5%. None of these have any requirements.
There’s also an online credit union called DCU (Digital Federal Credit Union) based out of Massachusetts. They pay 6.17% up to $1,000. The only requirement with them is that you have to give to a local organization (about $10) if you live outside of the area.
Hi! Thank you so much for this amazing kind of contents!! How many high yielding accounts can I open at one time?
Hello I want to get a high-end savings account which one do you know that you don't have to put a lot of money on it say $100 to start it
Ain’t got time 4 no dating
Vanguard cd 4.75 to 5% just for 90 days
Skip the monolog, the list starts at 15min
Anyone Recommend Jenius Bank at 5.25% ?
I'm now avoiding new purchases to avoid slipping into a bear trap. However, I'd like to know where the best investment opportunities are during a downturn. My goal is to retire comfortably on around $1.2 million.
Wishing you luck! The key to a happy retirement is to live the life you choose, if you have a certain amount in mind for your retirement, it is only appropriate to work with a knowledgeable advisor to make plans.
I concur that guidance should not be disregarded but rather followed. I remember a few summers ago, not long after my horrible divorce, I was in dire need of advise on investments to keep my head above water. Fortunately, I met someone with grit who greatly assisted me in growing my reserve, which despite inflation has increased from $360k to about seven figures now.
nice gains there! Please share your advisor's info with me. Due to my increased income from work, I'm thinking about investing in stocks and other assets that will enable me to gradually build wealth
Leah Foster Alderman is the licensed expert I use. Just look up the name. You would discover the necessary information to deal with a correspondence to schedule an appointment.
Wow, I just Googled her whole name and found her platform. Thank you very much for bringing this to my attention, I will definitely get in touch with her.
Love SoFi.. even do my investing through them too
That face you made when you said ,"in contrast with a regular savings account, you will only earn $33.00, is classic. 😂 You speak the truth.
How do feel about Western Alliance....
How about a money market fund vs a hysa?
Also check you local banks and credit union!
HIGH YIELDING !!!
Compound interest-Doesn't that mean the interest is added to the base total, which causes the compound? You can't spend it right... or withdraw it to use.
Looking for a referral link for Wealthfront 😊
I really enjoy your content.
All facts! He is absolute correct. Start small, end large! 😮
😁 Thanks for opening this door. Replenishable Dating money for my wife and I on a budget. That went off like a VOLCANO. All I needed to getting rollin'.
Do all hysa compound daily?