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i like CIT bank
TI1 - thank you
I’m also looking to put money into HYSA. My plan is to put the minimum deposit in Discover to get the $200 bonus and then put everything into UFB Direct at 3.83%. The 3.83% seems to be the best rate by a margin but I’ve never heard of them before. They’re backed by FDIC but apparently they can be shady (source: Reddit) Anyone have experience using them before and know if higher rate is worth it?
(https://www.ufbdirect.com/savingsaccount?utm_campaign=02481_DDU5_consumerdeposits_ufb_savmma_search_0522&utm_medium=cpc&utm_content=brand&utm_source=google&utm_term=ufb&gclid=EAIaIQobChMIt5Gq6Mis-wIVB6jICh1b2w5-EAAYAiAAEgKLb_D_BwE
Not risk free and not FDIC insured but they have a very low risk option at 5% annualized with daily interest minimum fixed with Donut- very happy with them and can share a referral. They are working on a 6-10% variable higher risk option. Daily withdrawals ($50k each day up to $400k/month) and deposits ($25k/day). No waiting period. There is also Tellus which is a similar concept and is 3%-4.125% depending which level you pick but less flexible about withdrawals.
Sofi, PayPal, and Amex Savings are all good variable and currently over 2.5% annualized whichever you pick, I have one of these as well. Amex only allows 6 withdrawals per month.
RIP donut
Betterment Cash Reserve is now at 3.2%.
I use Alliant Credit Union, currently at 2.35%.
I chose it off of NerdWallet's recommendation awhile back when it was tied for the highest along with Ally. It is easy to use and dump money into. I see it is not the highest now, but it certainly not the lowest by a long shot so it doesn't seem worth it to change.
https://www.alliantcreditunion.org/
Capital one 360