How many times during this bear market have you re-evaluated your HYSA?

For context- I switched 25k from Amex to another HYSA bank about a year ago for a rate that was double at the time, since then their rate has only increased a quarter percent while others are up 2%, thinking of switching to UFB Direct for 3.16% (still higher than AMEX personal savings where I have additional funds).

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Bank bonuses are worth way more than chasing slightly higher rates. If you want both, try Sofi savings. 3% interest, $25 referral bonus, and $250 direct deposit bonus.

If you reeeally want to get the highest rate, you can always move the cash to another HYSA after the bonus, like the one you mentioned. Not really worth it though.

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Check out brokered CDs on your brokerage accounts. There are in the 4% for 6 months or so. Build a ladder.

Short-term Treasury bills are going for about the same.

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Moving from 0.25% to 2% makes sense. Moving from 2% to 3.13% may also make sense for larger amounts. But I wouldn’t keep chasing higher yields like that or you’ll drive yourself crazy.

Maybe check every 3 to 6 months, but your time is likely better spent elsewhere.

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Yeah, checking once a year is probably about the right cadence.

I have not considered changing in 10 years. Just not worth the effort

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Robinhood Gold is offer 3.75% on uninvested cash and is fdic insured

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From the Moderator:

How do we feel about Joe Biden:

(A) Declaring before hand that his VP would be a woman
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