I’m planing to put $20k in saving account. I don’t have any savings account yet! Any recommendations?

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Posting as :
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Coinbase Pro

funny

I’ve seen some offers for extra $ for opening savings accounts. Chase usually does one. That can sometimes be a nice “interest”

I have Ally and AMEX and like them both

I use BMO high yield savings account for my emergency fund. It’s not super high yield right now but in the past I have made a few hundred dollars a year. (I keep the emergency fund there so it’s more liquid)

I have Ally but interest rates suck. Just put it in index funds lol

6 month emergency fund (rent and other expenses) is about as much as you need in liquid cash. I use an AMEX online bank high yield savings account which fluctuates between 0.5-1.5 % interest. If you're saving any more cash than that it should be for a down payment or large purchase. Everything else goes into IRA -> 401K -> Self-Managed Brokerage account

HmBradley hysa 3.5%

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