INSANE! Marcus vs SoFi vs Wealthfront Battle | Best High Yield Savings Accounts 2024 Comparison HYSA

Рет қаралды 15,393

Күн бұрын

We compare SoFi, Wealthfront, and Marcus by Goldman Sachs HYSA. Which is BEST?
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
🏦 Marcus (1% Additional APY Bonus for 3 months): alexisidro.com/marcus
A few notes: Today we compare SoFi, Wealthfront, and Marcus by Goldman Sachs High Yield Savings accounts (HYSA), and which gives the best benefits, and this is coming from someone who's used these organizations in the past. We go over the interest rate, maintenance fees, minimum deposits, and overall, which is better in my personal opinion and experience. Al of this with the hopes of helping you make better decisions for yourself, and improve your personal finance (remember, I'm not a financial advisor).
Resources you can start using today:
CHECKING AND SAVINGS:
🏦 SoFi Checking & Savings (up to $325 Bonus): alexisidro.com/SoFi
🏦 Marcus by Goldman Sachs Savings (1% Additional APY Bonus for 3 months):
alexisidro.com/marcus
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Thank you for watching, and I hope you have a wonderful rest of your day!
- Alex
Times:
0:00 Start here
0:19 Why a HYSA? My painful story
1:32 What I look for when choosing HYSAs
3:25 Best feature comparison
13:36 Which speaks to YOU?
15:12 Which would I recommend my mom: :)
New to the channel? Hello! My name is Alex. Welcome.
I’m a father, husband, engineering professional and online entrepreneur/content creator based in the Washington, DC area.
I have 11+ years of professional experience as an engineer, and four years+ of social media (15,000+ subscribers in the channels I own), and I’ve been a career consultant and mentor for the last four years. I’ve helped clients get jobs in different industries and get them into high profile organizations like Amazon, Northrop Grumman, and Government.
I have a passion for helping people achieve their goals and dreams, and as someone who never had a mentor, it is my goal to be that person for you. I share content to help people improve their mindset, and make better career, financial, online business, and life decisions.
Every piece of content I share is based on experience, insight, research, and/or observations.
My mission is simple: leave this world better than when I arrived. LFGO!
DISCLAIMER:
I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
Furthermore, some of the card or bank links and other products that appear on this website may be from companies for which Alex Isidro 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.
My opinions and reviews are my own personal views and are not influenced by whether or not I earn a commission. I only recommend products I've used or which I would recommend to my mom! :)

Пікірлер: 54

@alexisidro 4 ай бұрын

Hello everyone! If you're a parent, beginner in personal finance, who's working to get your finances in order and need help with your financial planning, so you can build your wealth, and achieve financial security, stability, and freedom, message me on IG @thealexisidro (I'm currently doing research and would love to know how I could help you/challenges you are dealing with, and in exchange for your input, I will answer any questions you have). instagram.com/thealexisidro/

@albertolara9729 3 ай бұрын

Hi Alex what you recommend just for saving account?

@choosetoshine2610 4 ай бұрын

Excellent content and informative! New subscriber. ❤🎉❤

@alexisidro 4 ай бұрын

Thank you much! Means a lot

@zacharystein5557 3 ай бұрын

Thanks for the video Alex. How come the referral name for Marcus says Kimberly?

@alexisidro 3 ай бұрын

No prob! Kimberly is my wife.

@Divyv520 4 ай бұрын

Hey Alex , really nice video ! I was wondering if I could help you with more Quality Editing in your videos than your Editor and also make a highly engaging Thumbnail which will help your video to reach to a wider audience ?

@alexisidro 3 ай бұрын

Thanks, Sahil. I appreciate the offer.

@verychinnyapga1599 3 ай бұрын

I'll use your link. Thank you

@alexisidro 3 ай бұрын

Thanks a lot! I appreciate your support.

@alexisidro 3 ай бұрын

Lmk if there are other questions I can answer!

@chidinma7289 4 ай бұрын

Wealthfront has categories which is the same as saving buckets

@alexisidro 4 ай бұрын

Great to know, thanks for the info!

@moki888 3 ай бұрын

Do you have video on transferrring large balances?

@alexisidro 3 ай бұрын

Not yet! What specific questions do you have?

@moki888 2 ай бұрын

@@alexisidro Sorry, must've missed this. I'd like to know if cash apps or any other free method is available to transfer large amounts, if it triggers red flags…or do I have to pay 25 bux a pop or whatever the wire transfer fee is at my local bank at whatever amount they allow per transfer. Is it possible to just write a check for that amount to an online bank and be done with it? Or is that also a red flag or other no go idea.

@sanjogm92 3 ай бұрын

Opened a Wealthfront account recently based on this comparison. Can you review EverBank HYSA in your future video if considering another video on HYSA?

@alexisidro 3 ай бұрын

Congratulations on your new account and hope you enjoy! One question: what did you find the most helpful in this comparison? And thank you for the suggestion. I will look into it! Thanks for being here.

@carloshidalgo3298 3 ай бұрын

Have you had any issues trying to withdraw from wealthfront or them locking your account like people been commenting of wealthfront facebook page??

@roycehernandez8472 2 ай бұрын

How do taxes work on HYSA? Do you have to pay taxes when withdrawing? Or is it a yearly thing like w-2’s? If anyone can explain the “dumb it down” version pls and Ty

@alexisidro 2 ай бұрын

The bank will send you a form (or will make it available on your account), which you will then file with your taxes. It's very simple :)

@roycehernandez8472 2 ай бұрын

@@alexisidro thank you!

@gmcris5014 4 ай бұрын

I finally transfered my savings to Marcus, something I should have done ages ago but never did. I used your link so I got my extra 1% and I'm sure you got yours as well. 😅 Ty.

@alexisidro 4 ай бұрын

Wonderful! Happy saving and thanks for the support! :) What other questions can I help with? Lmk!

@johnrivera2615 2 ай бұрын

Do all these have unlimited withdrawals/transfers thanks bro?

@alexisidro 2 ай бұрын

Based on their website, they do! Any other questions I can help answer?

@TimKirkpatrick79 25 күн бұрын

Yes Wealthfront has Categories which is similar to Buckets. Wealthfront looks pretty awesome.

@alexisidro 20 күн бұрын

Great to know!

@rob5065 4 ай бұрын

I just opened up a marcus savings account and i didn't know about the 1% extra link.. sad but i still like the account.

@alexisidro 4 ай бұрын

That's awesome you like it! If you help other people with your experience as well, and you give them your referral link, you could still get the extra 1%.

@ItzNotCiscoTTV-ApexLegends 3 ай бұрын

I’m literally considering all 3 of these and Ally Financial. I will be going with either today or couple of days

@alexisidro 3 ай бұрын

That's great! which one resonates the most with you!

@ItzNotCiscoTTV-ApexLegends 3 ай бұрын

@@alexisidrohonestly… I like the familiarity of Goldmans but I’m leaning towards Wealthfront. I’m just really hesitant that “it’s not a bank” so I’m trying to learn what that even mean s

@ItzNotCiscoTTV-ApexLegends 3 ай бұрын

Mostly for the high APY but also because it’s got a debit card

@ItzNotCiscoTTV-ApexLegends 3 ай бұрын

The reliability of Goldmans*

@alexisidro 3 ай бұрын

Makes sense, thanks for sharing! Lmk if you have questions I can help with.