I want to move my savings to a different bank. I didn’t realize Chase only offers .01% APY. Is worth switching? I know Amex offers .75% APY which feels like a significant increase compared to Chase long term. Any advice here?

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Marcus is at 0.85

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Fun fact, Marcus doesn’t wire to title companies. So when I went to wire my down payment last week they refused to do the transaction

Robinhood is 1%

smart

I moved savings to Ally because of this. You’re limited to 6 transacations a month, but it’s savings so that’s fine.

Def switch to whichever offering highest rate right now. It’s free money.

Ally isn’t bad

How much is in your savings account? I only keep $3k in my bank savings account and it provides overdraft to my checking account. My actual “savings” I keep in a short term bond fund at Vanguard.

VFSTX. It is down YTD but pays 1.74% yield. With rates increasing, you can loose principle but if rates stabilize, it’s better than a savings account.

helpful

I’ve been a customer with Ally for 7+ years - no major concerns and their rates are good enough to not switch.

Stablecoins upto 250k.
6.99% - pegged to the US dollar, so the value does not change - FDIC insured at 250k.
Gemini USD.

Only your cash in a crypto account is FDIC insured. https://www.google.com/amp/s/www.coindesk.com/markets/2022/01/13/fdic-still-unclear-if-usdf-stablecoin-is-fdic-insured/%3foutputType=amp

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