Current BEST High Yield Savings Accounts of 2024
Vložit
- čas přidán 20. 06. 2024
- #savings #hysa
These are the top 6 high-yield savings account offers of Q2 (April - June) - 2024
1 UF Direct bit.ly/citijft
2 Bask Bank bit.ly/citijft
3 Laurel Road bit.ly/citijft
4 SoFi Savings bit.ly/citijft
5 Amex Savings bit.ly/citijft
6 Discover Savings www.discover.com/online-banki...
Top No Annual Fee Travel Card: bit.ly/biltjft
Best High Yield Savings Accounts: bit.ly/citijft
Top Credit Card Offer: bit.ly/jftcards
Advertiser Disclaimer: Some of the card links and other products that appear on this website are from companies for which John Liang will earn an affiliate commission or referral bonus. This means that if you click on one of the product links, I may receive a commission. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
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 advisor for financial advise
Agreed, opting for financial advise 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 only have 30 or so stocks with digital assets clearly vetted by my financial advisor.
@@mikemoffa mind if I look up your advisr please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now
She goes by ''Karen Lynne Chess'' a seasoned advisor with over two decades of experience. You can research her further on the web.
curiously inputted Karen Lynne Chess on the web, spotted her consulting page at once, and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal
I sold an apartment in Springfield and made about $250K. I was frustrated when I only earned $171 in interest from a regular savings account. After doing some research, I was advised to invest in stocks. What are the best strategies for long-term retirement investments?
While the stock market is promising and can give good ROI, expert guidance is essential for effective portfolio management so you don't get burnt out in the market as it is very volatile.
I opened an online high-yield savings account with 5.12863% interest compounded daily, expecting to get $2,500 in interest on my initial $50,000 at the end of the month. Instead, I only received $420. When I inquired, I was told the interest is calculated daily, which was not clearly stated on the website. My partner advised me to divert into stocks through an advisor, and in just six months, I achieved over 80% capital growth, excluding dividends. Highly recommended!
Pls how can i meet this advis0r? i want someone to help me invest my divorce settlement, It's just being laying around in the bank without much interest.
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment. She’s really good
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
Watch out for Sofi! Savings is 4.6% IF you direct deposit $5000 every month, so if you are taking a break from work not getting deposit, the yielding interest is only 1.1%
incorrect ,you have to have direct deposit set up OR deposit 5k monthly
That's not true. The interest rate is 4.25% without direct deposit. It's still an amazing interest rate!
Thank you for this I don’t make 5k a month as of now
3 weeks ago I opened a SoFi High Yield Savings account. Everything went smoothly until I read the fine print. In order to maintain the 4.6% interest rate I have to set up a direct deposit or deposit $5,000 a month. I’ll pass. Wish I knew early. I want to just park my money with no stipulations.
i mean if you have a job just set up direct deposit......not that hard lol
@@MrInvictusPro correct. I don’t want to switch my direct deposit from Navy Fed lol.
@@crismartinez3779 You still get a 4.25% interest rate without direct deposit. That's a pretty hefty interest rate considering the account is free!
direct deposit OR deposit $5,000 a month. Why would you not switch from navy fed? Its boosting your APY by at least 4% and theres no penalty (that I'm aware of) for switching.
@@coreybaker9829 Navy Fed has been the best bank I’ve ever had. I had decent credit at the time of opening an account with them and they gave me high limit credit cards. The auto loan I got with them was 1.99%. There’s too much to list but I don’t feel like a number.
crash and bullish market provides equal high-yield potential, it's all about information and strategy application, I've seen folks make huge 7figure profit in a crashing market and pull it off as easily in a bull market , Unequivocally the crash/recession is getting somebody somewhere rich
Having the requisite strategy to pull off profit in this market is one thing and having access to the exclusive market information that isn't disclosed to the public is another, that's why the pros are killing it this period.
That's awesome! Diversifying your 350K portfolio with the help of an investment coach has really paid off. Making over $730k in net profit from high dividend yield stocks, ETFs, and bonds is quite impressive. Your investment strategy seems to be working wonders for you!
I just started a few months back, I'm going for long term, I'm still trying to wrap my head around it, who’s this advisor you work with?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Why does everyone who go over High Yield Saving accounts seem to gloss over Wealthfront? it's 5%, and if you refer people you get a temporary 0.50% boost for 3 months. So 5% at the core and 5.5% if you refer people..
It's super hard to refer people. Sure you can and its great when you get the boost for 3 months gl trying to refer someone.
I wonder the same thing every time! I’ve been with Wealthfront a few years now and LOVE it, but it’s hardly ever mentioned in these videos. Even without the referral boost, 5% is still great and far better than most other options.
I agree, I have wealthfront right now and lovin it
I use Wealthfront, it’s pretty solid
I FEEL EXACTLY THE SAME. OMFG. I researched all over to find WF reviews but they are so rare as compared to other accounts.
I love WF. I've been earning so much interest every single day. It makes a huge difference if your deposited amount is quite large.
Flourish is 5%. No minimum and FDIC insured up to 5 million
I dont know about a lot of the accounts but i have the Sofi Accounts. There is also no ATM withdrawal fees. Great for travel abroad. Not sure if thsi is common among checking account debit cards across the board
Migrated to SoFi last month, very pleased so far with every aspect of their bank
Can you do a video on the money treasury bonds? Still confused on this and the no tax also if it’s better than a HYSA
You money will not be liquid. Look into the penalty’s for early withdrawal.
The catch with SoFi, if you don’t keep the direct deposit set up, you won’t get the high interest payment for your accounts.
It can be any amount for direct deposit I currently only put in 2% of my paycheck.
That and it has to total $5,000 in total per 30 days
I do an extra side job that pays per single job as direct deposit and it works for me. So I got $4 as direct deposit like a month ago. Soon I’ll have to do it again before it goes too long or they lower your interest rate.
Yeah I can’t trust them.
Yeah, I don’t like that part either. Only reason it isn’t my main account.
Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
I just used your link for sofi. Great content
It's over 400k insured now with Wealth Front's multiple bank charters
“One” has a 5% hysa that just requires a $5k minimum. Its only for the first 100k so its good for someone who is just starting.
Acorns do 5% on savings account & 3% on checking account , why is no one talking about this ?
You have to pay a monthly subscription
@@Keep-grinding24-7 If you have direct deposit , it waves the fee
Everbank offers 5.25%! A good set and forget acct! But im definitely doing more research in finances!
Have you found anything else that pays over 5% based on your research? The Fed is NOT lowering rates, but many of these greedy financial institutions are dropping their savings account rates over the past few months.
My Amex Personal Savings just got dropped down to 4.25%. I gotta figure out at what point it’s worth switching institutions. I’d rather have a consistent above average rate than chase over 5% from a bank that that will lower that rate at the drop of a hat.
Have multiple accounts and when one drops rates, just move the funds where it will earn more. Lending club still has 5% as of today.
On any savings account the HYSA Is for the initial balance or can money be added and it’ll give a certain percentage?
John, question: for family with school kids who have inflexible travel dates, what is best way to find value with existing points? Booking last-minute, one-way travel to jump on a deal is not practical.
I was just researching this as I've been moving my upcoming down payment (20%) for my house from CD to CD and want a more easily accessible account in case I decide to pull the trigger soon. Thanks for the solid information as always John.
which savings account did you go with, if you don't mind me asking? this is a great perspective i didn't consider before, so i'd like to consider the same.
@@moonlightpsyche i ended up going with an Amex high yield savings account. I already had a few credit cards with them so it made sense to me. And it's a big bank that I trust. 4.25% is enough for me and my peace of mind is a win win. You can find higher yields with some online banks but I've seen what's happened to a few and how long it may take to recover your money in case they bankrupt. I'd rather not gamble my house down payment and emergency funds. The whole point of those is to be safe and liquid.
With UFb direct, do I create a saving as individual or trust?
i was looking into these earlier today and just opened a ufb account, feels like deja vu seeing a video about hysa's
CD at mountain America gives you 5.25 without doing anything extra
Does the Treasury notes intrest change from year to year or month to month? Also will my money be safe as it would be in an hysa acct due to fdic?
what about goldman marcus You get 1% boost when you referral someone
Sofi is my personal favorite
Amex just lowered mine to 4.25% :(
I have UFB for the past 6-8 months. Absolutely love it, really kick myself for not opening an account a lot sooner.
I opened an hysa with them 3 months ago. I can't believe I am earning $.89 in interest a day.
Can't even open an account without their checking account.
@@billyboycho really? I don't have a UFB checking
is it legit?
@@mayankk2800 yeah, so far so good. Simple app/site
I have 5.10% on Public
I just open UFB direct couple week ago I feel great about that
What are your reviews on that one ?
@@jehjohnson23 5.25
@@jehjohnson23 I feel like Customer okay to me 24/7 phone call
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place.
People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Jeff demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
FYI, AMEX just clipped the interest rate to 4.25%
Thank you John.
Capital one is 4.35%
Actually it’s 4.25% now.
is it possible for you to make a video about treasuries since i live in MA as well. i just want a general understanding about it. i tried to search for it but i didn't understand anything.
Sofi Terms and condition are little different than explained in the video "The Direct Deposit Bonus Period begins when SoFi receives a Direct Deposit within the Promotion Period and ends 25 calendar days later (the “Direct Deposit Bonus Period”). For the avoidance of doubt, the Direct Deposit Bonus Period shall not extend beyond the Promotion Period."
Is it mean they need to get the money by 6/25?
Do you have any advice on credit karma money saving?
For the SoFi, it has to be an actual direct deposit set up as automatic? It can't just be $5000 put in through a transfer?
Capital One 360 is the goat
I used a link for a bonus to sign up with capital one’s HYSA, it said that I can earn up to $1500 in sign on bonus if I deposit enough money. But after signing up for my HYSA, I couldn’t find the bonus written anywhere, do you know where I can find it?
Will the rades go back down by the end of 24?
I signed up for wealthfront a couple months ago
You pleased with them?
Does anyone in which video he discusses the most effective method to apply for higher end credit card. I remember him mentioning that if you have chase cards it makes it more difficult for you to get approved for the capital venture x or something along those lines
What about ally bank? did they fall off or sum
Talking about timing. I think the vid was on #3 then I got an email notification from American Express. The savings rate just dropped from 4.3 to 4.25 :-(
Yep. Doesn’t make me feel too good about my choice of institution
2028? Holy crap thanks for the head ups future man!
I was sure i misheard him but after re-listening to it like 5 times... I guess we have a soothsayer on our hands!
Wealthfront??
I have the same one 😊
@abanoubrodolfboctor hey, Im 19 and I just recently opened an account with wealthfront, but I still don’t fully understand how it works, like do they charge me for having an account to for the money I put in?
SoFi for Life
So with the taxes that you owe with these high interest savings accounts, do you owe from the interest that is paid or your overall money that’s in thee account?
Your gained interest is considered income tax just like to W2 job, you'll have to include it in your tax return as income
Western Alliance Bank (via Raisin) is currently at 5.24%. FDIC insure and all that good stuff.
Remember that interest rates change with little to no warning, so where ever you go, be sure to check the interest rate every couple of months to ensure it's still high enough to make you happy.
Thinking about opening an Ally High yield savings account. How does Ally stack up to the accounts mentioned in this video?
Long time ally user here! Up until 12/2023 Ally was raising interest rates for HYSAs, I believe they got up to 4.35%. However, over the last few months they've started to drop these rates without any communication. Currently sitting at 4.11%. Its still a good rate IMO, but the lack of communication about this process isn't my favorite. There are many other aspects of Ally that I love, like very responsive, low wait time customer service should you need it, but if you're looking at interest rates alone to inform your decision you may want to check out another bank.
@@rachelwood7840 Hey i also have Ally bank for HYSA. The rate you get with any HYSA is never guaranteed because the rates fluctuate in accordance with the Federal reserve. But i do agree they have great customer service and you can always talk to their customer service about your rate if you’re confused or something’s changed. In my opinion they’re very helpful
I use Amex as joint account with my wife and sofi for my personal. Then I use the money market with Schwab and I also get treasury bills. Live in FL so no state income. But another round about way is using municipal bonds in a monkey market to avoid state and federal tax
Baby steps bro I’m 20 trying to get this all setup 😅
I'll be staying with Capital One.
I used a link for a bonus to sign up with capital one’s HYSA, it said that I can earn up to $1500 in sign on bonus if I deposit enough money. But after signing up for my HYSA, I couldn’t find the bonus written anywhere, do you know where I can find it?
@@wueevee3249 in your dream
any thoughts on m1 finance 5.00% apy high yield cash savings account?
What happened to Marcus by GMS?
Does transfering money with zelle count as direct deposit for sofi
I’m getting 4.93% with CIT with no fee
Used to be 5.1%
It’s 5.05%. That’s what I get.
I have Barckays for my high yield savings. What are your thoughts on the AMEX high yield checking account which gets 1%
I would rather use a cash account like Wealthfront where you get 5% cash back, a debit card, and its super easy app.
Everyone else is saying they have 4.25 at Amex ?
What would you recommend for a 15-16 year old like me to get started?
What about the Apple HYSA?
The goldman sachs savings with apple card is pretty good too. It's at 4.4% APY rn
I use this. While the cc itself isn’t all that special, the integration with the iPhone, as well as the automatic transfer of all the cash back directly into the savings account is pretty sweet.
More banks need to do this
Where’s the link to Barclays ?
Could you talk about evergreen money.....i believe it is a T bill?
Question on SoFi: Should you route your direct deposit into the checking or savings account? Can you have it go to the checking account while still obtaining the 4.6% APY in the savings account?
Sorry, this is probably a dumb question. Thanks!
Just to be clear, those are annaul interest rate paid monthly, correct? So if intrest is $12 a year, it's a dollar of interest per month correct?
So you get paid the interest every month?
HOW DO YOU FEEL ABOUT CREDIT KARMA HYSA OFFERING 5.1% !!!
probably an FAQ but since I'm new and I'm here,
Are these CD's a One-Time deposit?
I'm currently looking for a Savings Certificate that allows me to deposit monthly. Is this something that only an Add-On Certificate offers?
Thanks in advance for any help!
What about CiT bank? I’m getting 5.06% interest.
Helped someone open a lot of accounts for their inheritance in the last year, still need a couple but have been happiest with citbanc and Markus by Goldman. Both were easy any transferred money really quick. Had good customer service with both I had some questions. Some other places have been a nightmare of money holds .
Awesome video
barclay offer good until 5/3/23? are you just reuploading 2023's video?
Wealthfront all the way
how about wealthfront?
I'm thinking of opening a HYSA but the cutoff for some of these banks are 6/30. Should I hold off until 07/2024?
CIT Bank
Do these Hsya pay monthly on the 5 %, and where can I look for that information?
Most banks will pay the interest earned monthly. Then that will also earn interest going forward.
My Milli account pays monthly and is currently paying 4.75%
Y'all what about BMO ALTO?? LMK
I just turned 18 and am looking to open an account for the first time, which of these is the best beginner friendly and with the best benefits?
No Apple(Goldman Sachs) Savings? I’m currently getting 4.4%.
a little typo in the 5/3/2023 on screen, but otherwise another wondeful video!
Anyone else doing money market accounts? Vio bank has 5.3% interest..
Yup. Had them for years… always have had one of the highest APY’s
TAB Bank is paying 5.27%
For future videos it would be beneficial to go over cons
Thanks for the help
What about My Banking Direct @ 5.55% APY?
Crazy John didn't mention Wealthfront. 5% and I've been very happy with them the past 8 months or so since opening an account.
Do they have any requirements?
@@taeyonghyung232 None.
Anyone have experience with any of the top 3 or 5? I have discover but want more interest. Discover is just easy in app or browser, don't know if it's worth the change and hopefully apps work easy. Any of the top have daily compounding interest?
What about CiT bank
That's what i was going to say!
I'm getting 5.11% and 4.97% with them.
No Wealthfront? I've got a boost for 5.5% until October due to two referrals
Tab bank is the best, tab spend and tab save accounts are unbeatable. The tap spend account is like a checking account with 3.5% apy with 1% cash back.
If you can do a video on buying Treasury Bills from Charles Schwab. I am on their website right now and it looks like they have a pricing model for different fixed income investments. For the Treasury Bills it looks like the only fee is a $25 broker assistant, is that correct?
What does it mean by direct deposit of 5gs
I’m wondering the same. Does he mean we have to deposit 5Gs??
What about CIT ? 5.05%
I’ve been using CIT for the past year. Been great. No issues or no interest rate changes
@@SteveJones10 I’ve been on it since beginning of this year. Haven’t heard about it spoken much on CZcams though
? If you don’t use debit cards, what do you use credit cards?
I'm assuming you meant why? There's so many bonuses using a credit card. Cash back, points to redeem for things such as flights, cash, etc all while building your credit at the same time. As long as you're responsible with one, I don't see why you would want to only use a debit card.
Hi! What about Phoenix Capital Group? Is it good? Safe? FDIC insured? And is it really 9%? Thank you!
How about Marcus of Goldman Sachs?
Goldman Sachs to Sell Marcus Invest Accounts to Betterment
APRIL 22, 2024
Can you post a video for college students, people who just graduated, or just started working? How should they save their money, major tips and tricks to maximize wealth, and just guidelines on how to be smart financially. No one talks about this stuff, and I’m sure if you posted a detailed in-depth guide, it would easily hit 1 million views.
I like Wealthfront
M1 is 5.00 %
It also has an annual fee
@@_jayfromla no