r/HYSA

Apparently, my parents (75) have 150k in WF savings accounts, literally getting .1%

That's right.1 not 1%. I had no idea about this.

He doesn't want to put it in high div stocks like jepi. I explained that is what i have done for mine. So i have to find HYSA. I found a few with 10k max at 6% but nothing above 4.5% without any max limit.

Any bad or good experiences when there were problems with your account?

I know investing is most important, Which I do regularly. But what’s the best savings account you can get in Canada?

Finally moving my savings out of a regular checking account where it’s been earning basically nothing. Shortlist so far:

\*\*•\*\*	Capital One 360 Performance Savings    
\*\*•\*\*	Amex High Yield Savings    
\*\*•\*\*	SoFi

Mainly want to hear red flags and green flags from people who actually use these. Things like how long transfers take, whether customer service is a pain when something goes wrong, if the rate quietly drops a few months after you sign up, any hoops you have to jump through to keep the APY.

Also open to other suggestions if there’s something better I’m overlooking.

PS: I am a recent college graduate.

We've been parking our down payment savings in AMEX HYSA for a while now and the rate keeps sliding. Saw the post about them dropping to 3.00% and yeah, that tracks with what we're seeing on our end too. We're pretty disciplined savers, budget everything in spreadsheets, and this account is basically untouched except for monthly deposits. So the rate is the whole point.

We're in Nashville, married with kids, trying to hit a down payment target in the next 18 to 24 months. Every basis point matters when you're talking about a chunk of money sitting there that long.

Not looking for anything fancy. No weird requirements, no hoops, no accounts that are technically not banks. Just a straightforward HYSA with a competitive rate and no games.

Curious what people are actually using right now and what rates you're getting. Marcus keeps coming up when I search but I've also seen some people mention CIT. The landscape shifts constantly and half the info online is already outdated by the time you find it.

What's your current rate and who are you with? And has your rate been stable or dropping like everything else seems to be?

I currently have money sitting in a local bank which I’ll keep for my checking account, but would like to move most my money to a high yield savings account for when I leave. Any body have recommendations? I found some high apy ones that sound good, but I’ve heard that’s not all you would want. I need some advice. Thank you! I’ll be moving about 5000 originally.

Here are some I was looking at.

Bread Savings 3.95% APY
$100 minimum to open
&0 minimum to earn APY
$0 monthly fee

EverBank Performance Savings 3.90% APY
$0 minimum to open
$0 minimum to earn APY
$0 monthly fee
Main catch, Advertised rate says it’s for new accounts and I don’t know if it stays that way.

Western Alliance High-Yield Savings Premier 3.80% APY
$500 minimum to open
$0.01 minimum to earn APY
$0 monthly fee
Main catch, Transfers can take longer

Openbank High Yield Savings 3.80% APY
$500 minimum to open
$500 minimum to earn APY
$0 monthly fee
Main catch, $500 opening requirement

CIT Platinum Savings 3.75% APY
$100 minimum to open
$5,000 minimum to earn 3.75% APY
$0 monthly fee
Main catch, Balances under $5,000 get very low apy

Any issues paying a 12 months no interest free purchase from an Hysa? I'd set up the hysa as a payment source and do auto pay, from the furniture account side. I do have the cash to pay in full but figured why not stick it in hysa that I already have and earn a couple of extra pennies.

I’ve always been perplexed by the definition of “direct deposit” when it comes to meeting the deposit requirements to get the sign on bonus.

Does direct mean directly from a paycheck being sent via ETF?

Or can a direct deposit come directly from transfer of funds from another HYSA?

What have you guys experienced?

Looking to put around 100k into a HYSA, top options right now everbank, newtek, and fortbright let me hear it. (before you say i shouldn’t put 100k into a HYSA you have no idea how much money i have or what im doing with the rest of it 😂)

I’m starting college and expect to have around $5,000-$6,000 in cash initially. After ~$2,400 in upfront expenses, I’ll have around $2,600-$3,600 left.

I’ll receive around $1,500-$2,000 per month from my dad. After rent, gas, insurance and other essentials, I estimate I’ll have around $600-$1,000 per month available for savings, while keeping some money available for non essentials

I want to open a HYSA and gradually build the balance throughout freshman year. I’m looking for a bank with a good ongoing APY, FDIC insurance, no monthly fees, and easy transfers to checking.

Which HYSA would you recommend for my situation? Are there any banks I should avoid?

I'm completely new to HYSA. I just started learning about them 3 days ago and W-O-W is there a lot to it. My current money, around 6k, is just sitting in a basics savings, and now (18.5M), I realized I should be taking my finances a hell of a lot more seriously.

I initially went with Marcus today, however they denied me (I think it was because I don't have income?), I believe Marcus might be really good for me in the long run. The only other ones that seem good was CIT Bank, and maybe Everbank.

CIT Bank's platinum savings would be good since I can keep that 6k (I am in a fortunate position where I do not have to worry about expenses in college) sitting there. However, I've heard very negative things about customer service and UI.

I don't think I've seen Everbank mentioned once outside of a quick search and a far scroll down.

I know everyone's experience is different, and I think the differing opinions on this, especially everyone's different financial situations, is what's throwing me off.

I just want a safe place to put my money (they say they're FDIC-Insured, but so does Wealthfront but apparently they're a FinTech and I just don't know if Forbright is FinTech or if I can lose all my money there?), but I don't want to start somewhere that is terrible.

I have my account opened but I haven't put anything in it, what do you all think?

a local credit union is offering 4% interest with a minimum deposit of $2000.

is there something blatan wrong here? is there something I should be aware of?

Our business has a ton of money in a checking account in BOA bank.

Wondering any other alternatives to get me some apr and fight inflation at this amount, which will satisfy other share holders

Scorp, 400-300k a month on payables, cash flow positive business. 3-600 receivables

Thanks

I'm 20 years old, and I've saved around $50,000 so far. I'm not sure whether I should keep putting more money into my high-yield savings account (HYSA) each month or contribute more to my IRA. My long-term goal is to build a duplex and rent it out.

I opened a HYSA with Ally Bank after reading positive reviews on Reddit. Worst financial decision ever. Shortly after I deposited my savings, Ally decided to close my account. They've refused to provide any explanation, and they've made it nearly impossible to get my funds back. They even lied about sending a check to my mailing address after my account was closed. Now they're demanding all sorts of crap from my other bank, and they've made it extremely difficult to get my money back. It's been over a month now, and there's still no progress. Ally's customer service is appalling. I've submitted complaints to the CFPB, and I'm honestly considering legal action at this point.

I read reviews like this before opening the account, and everyone said it only happens to a small fraction of users. Well, here I am. Trust me, it isn't worth it. If you're considering opening an account with Ally, RUN.

Hello, I am a 19 year old college sophomore. I'm turning 20 in November, and I want to start trying to better finance my life, build my credit score (I don't have a credit card but I want one) and be financially stable by at least 25/26.

I currently have a job on campus that I plan to divide paychecks for (It's only about 15 an hr, but thats ok.) I also get 300 at the end of every month up until maybe May of 2027 (from a previous internship) that I also plan to divide into savings.

I tried to open with Sofi, but it keeps getting declined for some reason and at this point, I;m looking for other banking options to open a HYSA

I only bank with Bank of America right now.
I'm looking for advice and possible steps on where to go, how to start, etc. I'm completely new to all of this financial steps, but my goal is to

1. Successfully open a HYSA with a trustable Bank with no weird hidden fees

2. Learn more on saving, and potentially open a ROTH IRA, Brokerage, and 401K by the end of 2026/early 2027.

I will happily accept any clear steps, advice(the good, bad and ugly), and ways to go about this.

Thank you so much in advance :)

ETrade: 4% for 6 months then 3.5% + $400 bonus with fund minimum.

Vio: 4%. Not sure how frequently this drops.

Forbright: 4.15% until Dec '26 then 3.85%.

Are these the top choices currently? It would be my first HYSA and I'd rather not have a volatile APY or any issues dealing with transfers/customer service/hidden lowered rates. Which one would you recommend? Am I leaving out another notable mention?