Does anyone have good input on regarding on line savings/money market accounts? Love to here your feedback. Thank you!

  Lucy 

Original Post

Hi, I just did some research for a friend who has a kid and was looking at some options.

This one is interesting, there is a waiting list. but its the biggest APY ive seen yet. IntrX app - 2.91% APY

 

TAB Bank

2.40% APY

$1 minimum

Online and Mobile banking

 

Synchrony Bank

2.20 APY

No minimum

Online and Mobile banking

 

My Savings Direct

2.40% APY

No minimum

Online and Mobile banking

Restrictions on how deposits are made

 

Ally

2.20 APY

No minimum

Online and Mobile banking

 

Vio Bank

2.39 APY

No minimum

Online and Mobile banking

 

Marcus

2.25 APY

$1 minimum

Online and Mobile banking

 

Discover

2.10% APY

$1 minimum

Online and Mobile banking

 

CIT

2.45% APY

$100 minimum

$100/Month deposit

Online and Mobile banking

 

DCU

6.17% APY

Only on the first $1000

No minimum

 

Hope this helps

Thanks for the great info! These on line banks definitely beat traditional store front banks as far as interest. Appreciate the feedback!

 

 

DCU

6.17% APY

Only on the first $1000

No minimum

Thanks for sharing such a comprehensive list! I did check on the DCU website and it does actually say there is a $5 minimum. Not that it makes a huge difference but just sharing what I saw.

I have also used Aspiration which pays a 1% APY with no minimum or fees.

I am also trying out the Haven Money savings account which pays 2% APY and up to 4% if you refer enough people.

OMG I JUST FOUND THIS!!

https://www.t-mobilemoney.com/en/home.html

4.00% APY under $3000 and the following requirments

  • Have tmobile wireless account
  • deposit $200/month
  • sign up for tmobile perks

Now with these stipulations you can max. your money. See the secenarios below.

T-Mobile Money states you will make 4.00 APY if you have the fall in line within the 3 listing eligibities above. If you go over the $3,000. this means that the $3,000 will make anywhere between 2.79-4% APY and anything after the $3,000 will only make 1% APY.

So you put $2700 in the account, set up $200 deposits per month (which will bring it up to $2900, for the 4% APY). then you can set up a $200 withdrawal every month. this will keep it under the $3,000 threshold guanretee you the 4%.

 

 

Add Reply

×
×
×
×
Link copied to your clipboard.
×