In order to get the 4.60% at SoFi, you have to sign up for direct deposit. If you don't, then you have to deposit at least 5k every 30 days. Why he doesn't tell people this, I don't know. Makes me wonder what the hoops are on the others that he's not mentioning.
@rhdadrianАй бұрын
Dude i signed up thinking that was true i found out the hard way. You also need the sofi plus membership. I dont have 5k a month!!
@scufdАй бұрын
@@rhdadrian exact same thing happened to me so i closed my account and took out my money
@MotoProductionsАй бұрын
Just put it in vangaurd 5.29% interest no BS
@MK_0307Ай бұрын
@@MotoProductions fidelity? what platform do u use?
@MK_0307Ай бұрын
okay, but why not open a direct deposit account? I mean what's wrong with that?
@carsonrowan3640Ай бұрын
Assuming he is getting the 5.45% APY. Having $185,392.28 in savings to earn $789.17 a month is mad impressive.
@MrCaliman87Ай бұрын
If you have the Apple credit card, they have a savings account attached that pays 4.4%
@nanapoku5259Ай бұрын
You Apple Credit Union Credit card?
@ADayInTheLifeofLori28 күн бұрын
That’s awesome! Why have I never heard about this on Social Media?
@Lanna21625 күн бұрын
Yes! This is the only savings account I have rn. No hoops or hidden fees
@nanapoku525925 күн бұрын
@@Lanna216 Can you please share how one can open an account with Apple?
@azieltobiasАй бұрын
I began my investment journey at the age of 33, primarily through hard work and dedication. Now at the age of 58, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
@disney-hefnerАй бұрын
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
@mellon-wrigley3Ай бұрын
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
@Gallo-firestoneАй бұрын
@@mellon-wrigley3 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
@mellon-wrigley3Ай бұрын
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
@louie-rose7Ай бұрын
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
@syrinmist907125 күн бұрын
What about the Amex HYSA?
@CurieBohr21 күн бұрын
SOFI requires direct deposit from your employer. Not an option I want to do.
@tiana_karolinaАй бұрын
What about BrioDirect? 5.3% APY
@vamseeboppana30127 күн бұрын
Why does wealthfront not make it to this list?
@lone.162927 күн бұрын
I have Sofi as my main bank but I prefer the amex hysa.
@phoenixbythefire4555Ай бұрын
ForBright 5.30% APY, no fees, no bells or whistles either just a very high APY
@tonipepperoni77Ай бұрын
Yup same here. Love forbright
@denniscobos3306Ай бұрын
Vio is also currently at 5.30%, been happy with them so far.
@thepotatoofheavenАй бұрын
can i open an account online or do i need to visit in person
@thepotatoofheavenАй бұрын
@@denniscobos3306vio bank website says 1.10 percent on their site for their savings account
@TuskbumperАй бұрын
@@thepotatoofheavenonline!
@zacharyrivera7228Ай бұрын
Best account is always the one not shown. Acorns has savings at 5% apy and an additional 3% in checking which is a total of 8% of all your money which is a no brainer plus they have early pay custodial accounts and a 3% Ira match not sure why he never mentions acorns.
@sabahatiftikhar9547Ай бұрын
Maybe because it has a monthly fee and limited features
@zacharyrivera7228Ай бұрын
@@sabahatiftikhar9547if you deposit 250 or more a month it’s free. Also has way more features then all these banks
@traceyl995928 күн бұрын
What about Wealth front HYSA?
@131313userАй бұрын
Why Don't you mention, once again, that you need to like deposit about 5k per month for the interest rate benefits for sofi? Seems very bias, almost like you are pushing for this one
@MrJoegixxerАй бұрын
Any direct deposit will yield the 4.6%. Non direct deposits require $5k. He definitely should have mentioned this.
@mikeyserrano9748Ай бұрын
It was $5K inflow into the account per month OR having direct deposit. That's how you get 4.6%
@SBK2723 күн бұрын
I have capital one 4.35%
@littlesammy11705 күн бұрын
Is there a specific requirement to meet to get the 4.35%? Like direct deposit or certain amount needed to be deposited every month?
@oroville12345Ай бұрын
A wedding and a car both are bad investments
@p19sheltАй бұрын
yeah lol
@hosamalam8 күн бұрын
It’s about time synchrony gets some love.
@thehousingvlog70347 күн бұрын
Right! Been with them for years.
@thepotatoofheavenАй бұрын
ufb doesnt let you get a savings unless you also get a checkings edit: the site was just being maintenanced it turns out you can
@terrancepinkney77723 күн бұрын
That is 100% wrong. I have a UFB savings account only and I have been getting the 5.25% interest rate.
@chriscr3672Ай бұрын
I’m a teen looking to create a secondary savings account. When it comes to the sofi sign in bonus, does the direct deposit amount mean the amount of money that is being transferred to that account from let’s say another savings account or does it mean direct deposit in the sense of income from a job? Love your videos man keep it up
@victoriamitchell6240Ай бұрын
It's money direct deposited from your job(i believe)...i say that bc i did both, transferred $10,000 plus made the direct deposit threshold
@HypocritesExposdАй бұрын
Minimum direct deposit of $1000 per month from a source of income, like your job. It’s really good you’re starting this early btw. Don’t get yourself in debt. Don’t chase the extravagant lifestyle. Build your credit and invest early. Good luck.
@lil2sturdy212Ай бұрын
Hey I’m 18 and looking into high yield savings accounts also. Can u share your experience and any advice on wat to get started with?
@truewolfofwinterfell24 күн бұрын
How about Upgrade? Flagstar?
@thehousingvlog70347 күн бұрын
How are yall getting 4.75% from Synchrony? Im only getting 4.65%.
@Noir85AcutualАй бұрын
What about EVERGREEN 5.31%
@truewolfofwinterfell24 күн бұрын
Also, APY vs APR, does it also vary if interest is paid daily? Thanks.
@ausis6214Ай бұрын
Wealthfront? It's 5.5% with the referral boost.
@ZaeviaАй бұрын
That’s what I use
@ManuelMenchacaАй бұрын
Be careful with wealthfront. They are not a bank. I’m currently being burned by Yotta-synapse-evolve bank fiasco.
@masterthodyuАй бұрын
Same they’re so good even without the boost
@ChaseDizzieАй бұрын
1. Wealthfront is a broker, not a bank 2. Wealthfront has no physical locations 3. Wealthfront has virtually no customer service. I can't even find a phone number. 4. The bank on the backend of Wealthfront is Green Dot.. eww There are other cons, but these alone are good reasons why it is not in the top five.. or even the top ten imo.
@ManuelMenchacaАй бұрын
@@ChaseDizzie thank you! Coming from Yotta user uggh. Never again! The whole BaaS model is suspect.
@BelenEmelyАй бұрын
Thank you for explaining the UFB DIrect HYSA so well! I was under the impression is was just 5.45% but after watching your video I now understant that it is 5.25% and that we can do other things to reach 5.45%. Do we have to do all 3 things together or can you just do 2 out of 3 to get an extra 0.15% instead of the 0.2% we get for doing all three things?
@downlawАй бұрын
What do you think of E*Trade at 4.5%?
@gengartweetz2526Ай бұрын
No mention of Vio?
@BraydenVonn42Ай бұрын
What about betterment?
@oreo3213Ай бұрын
For the $300, would it work if I deposit $5k to myself or does it have to be from an employer?
@shalooomАй бұрын
Hey there! I looked DEEP into this. It MUST be direct deposited from an employer, social security, etc…NOT deposited by the money you already have from another account. So unless you’re making 5k in a month, you cannot qualify for this
@TobyMayne1Ай бұрын
Which bank do you use??
@jambaman916Ай бұрын
How does this work? Do you get that interest every month? Or is it split up between 12 months?
@HypocritesExposdАй бұрын
Most are paid out every month. So if you’re depositing $5k and get 5% interest, that’s $250 per year or $20.83 per month.
@jambaman916Ай бұрын
@@HypocritesExposd Got it! Thank you!
@raulf8595Ай бұрын
Yeah I love wealthfront ❤
@victoriamitchell6240Ай бұрын
Any issues with customer service? I looked up and saw that as one of the top 2 issues...so ive been scared away from using them even though i wanted that rate pretty badly
@carloshidalgo3298Ай бұрын
@@victoriamitchell6240no issues at all, great company!
@josephmgomez3921Ай бұрын
@@victoriamitchell6240 Wealthfront is awesome
@BrianpeckinАй бұрын
I like Marcus. It's the one I use though I don't like that. They took away seeing your net worth and I'm pretty sure sofi does which is cool
@SoulFU221 күн бұрын
Have you looked into Western Alliance Bank?
@nadinemorrison621023 күн бұрын
Sorry for my ignorance but are there interest being paid yearly or monthly?
@randomkevinislasok14 күн бұрын
monthly
@paulagardner7719Ай бұрын
If I want to transfer $10,000 to UFB from my current bank to get the extra percentage bump, whats the safest way to do that?
@terrancepinkney77727 күн бұрын
I just did that two weeks ago. You can do a external transfer from your bank. Your bank should do two "test" transfers usually like .50 or less. My bank did that and all was good. The first transfer will take a few days (have patience 😊). After that you are good to go! Hope this helps.
@rnodae7825Ай бұрын
Hey guys im a 20 year old and im trying to learn about this type of stuff does anybody in the older generation know which saving account i should choose. I would listen to the video but i want a more “person to person” response .
@JoeyParker-xy7xzАй бұрын
Should I try a get a high yield savings account even though I’m 16?
@jonathaninga2691Ай бұрын
A bit late reply but most places only let you get an independent savings account once you’re 18. Otherwise you’ll need a guardian/parent to open one. Nevertheless, if you are able to it is not a bad idea at all. The first few years in a savings account are when you will feel the least gains from it, since you are laying a foundation for future growth. But by the same logic, the sooner you start, the sooner you can make the most gains from a savings account. So if you are able to, open one.
@JoeyParker-xy7xzАй бұрын
@@jonathaninga2691 alright I’m going too try and get one
@kclark5076Ай бұрын
Hi can i apply UFB direct from the phils/japan
@fatal_xfeeds4170Ай бұрын
I just had a serious question, I’m using an USAA checkings account, I don’t have a savings account but I wanna start saving using another bank, how would I transfer the money from my USAA to SOFI to put into my savings?
@raulolivares2863Ай бұрын
Once you open the sofi account you can add (link) your existing account. And transfer it over. You will need your bank routing number and your account number to link it.
@houli09Ай бұрын
Easy ACH transfer
@StaticOz_Ай бұрын
I like SoFi
@josephmgomez3921Ай бұрын
Wealthfront is the best one
@carilizer6006Ай бұрын
Okaaay but how does one go about opening these? How do you actually get started?
@Piseth_01Ай бұрын
Be carful what link you click many scammer out here
@ChaseJohnston19Ай бұрын
Sofi til i die😤
@jimenezedwin19Ай бұрын
So if a buy a treasury bill for 3 months? With 5% interest. Do I see that interest right away after three months ?
@RnR5Ай бұрын
FDIC???
@johnsfinancetipsАй бұрын
yes all of them
@rom6107Ай бұрын
You didnt talk about the risk/conditions
@deadstar962Ай бұрын
What are the risks/conditions?
@gofman1109Ай бұрын
Just in case you are not up to date, anything less than 5% is very bad checking and savings account
@josephmgomez3921Ай бұрын
Not true
@joerodriguez7334Ай бұрын
Been using bask since 2022 . Been great .
@ChaseDizzieАй бұрын
These aren't the BEST savings accounts. They just have some of the highest interest rates. Would be better if you specified that in the title.
@kbeezy7417Ай бұрын
The highest intrest rate means the best…that’s what most people care about
@kbeezy7417Ай бұрын
I have UFB…and they give you a ATM card…it should be #1
@ChaseDizzieАй бұрын
@@kbeezy7417 I disagree. Quality banking services, good customer support, and strong security practices are much more important than a .3% interest rate increase imo. That's why the majority of people keep their money in large financial institutions or banks/credit unions with a good track record, not UFB, SoFi, etc.
@ChaseDizzieАй бұрын
@@kbeezy7417 How much do they pay you for marketing?
@hushmoney2058Ай бұрын
Party with Me I'm with UFB ......
@thehousingvlog70347 күн бұрын
How is the customer service?
@julies111Ай бұрын
Forbright 5.30% with no minimum no fees
@TuskbumperАй бұрын
Yep been using them lately
@vg-cr1979Ай бұрын
Can I take my money what ever I want with that account ?
@Biggerstaff4Ай бұрын
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@Scarborough-c26Ай бұрын
keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory
@Lindsay-jyАй бұрын
Agreed, having a good financial advisor is invaluable, my portfolio is well-matched for every season of the market and has just yielded 120% from early last year. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.
@CaroLewis-j8kАй бұрын
@@Lindsay-jy this is striking! who is your investment adviser please, if you dont mind sharing? he/she is definitely grade-A smart
@Lindsay-jyАй бұрын
She goes by 'Katherine Nance Dietz a renowned figure in her industry with over two decades of experience. It's best you research her further on the web, can't divulge much.
@StephenTho42Ай бұрын
Thank you for the lead. I just searched KATHERINE NANCE DIETZ by her full name and easily spotted her profile, no sweat. I have sent her an email, hoping she gets back to me soon.
@DominickSpanoАй бұрын
You basically make the same video every month about the HYSA.
@shockjock35Ай бұрын
I’m still using GS Saving Account from my Apple credit card
@ManuelMenchacaАй бұрын
I would make sure to stick with an actual bank that runs the whole stack. I’m currently being burned by Yotta-synapse-evolve bank fiasco 😢
@kdywright9689Ай бұрын
Can you get out of that fiasco 😢?
@R0CKtheR3DАй бұрын
Exactly. I'm very comfortable sticking with my local state credit union that I've been with since day one. They only pay me 3% in my HYSA but I think the peace of mind I have that I'll never have problems with my money is worth it.
@albertw6461Ай бұрын
Don’t forget Merrill Lynch Preferred Deposit
@surgeryonthesidehustleАй бұрын
Thoughts on Jenius?
@dragoonzenАй бұрын
I was looking into them as well, but no one on KZfaq gives an honest review. They just read what is on Jenius bank website...
@bohdanpukalo1741Ай бұрын
What about Webulls cash management account? Over 5% APR
@alexandermaximvm6393Ай бұрын
Speak faster so I can understand
@rickybarrigaАй бұрын
I got the $300, thanx John 😊
@JimmyRosales-e1dАй бұрын
What do u think about Cash app
@Kyoki_1Ай бұрын
Is the chime savings account good ?
@zacharyrivera7228Ай бұрын
2% is trash
@brainwave1397Ай бұрын
CIT? 5.0
@popoy6985Ай бұрын
5.50% In Robinhood. Beats everybody
@erickrobles2638Ай бұрын
Why
@MrJoegixxerАй бұрын
@@popoy6985 5.55% at my banking direct......
@josephmgomez3921Ай бұрын
Not true
@c0smicchelsea16 күн бұрын
why does he not talk about any cons like omg pls be honest