The 5 BEST High Yield Savings Accounts of 2024

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The 5 BEST High Yield Savings Accounts of 2024 - July 2024 UPDATE

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John Liang

Күн бұрын

Пікірлер: 162

@cannotbeshaken7889 Ай бұрын

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.

@rhdadrian Ай 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!!

@scufd Ай бұрын

@@rhdadrian exact same thing happened to me so i closed my account and took out my money

@MotoProductions Ай бұрын

Just put it in vangaurd 5.29% interest no BS

@MK_0307 Ай бұрын

@@MotoProductions fidelity? what platform do u use?

@MK_0307 Ай бұрын

okay, but why not open a direct deposit account? I mean what's wrong with that?

@carsonrowan3640 Ай бұрын

Assuming he is getting the 5.45% APY. Having $185,392.28 in savings to earn $789.17 a month is mad impressive.

@MrCaliman87 Ай бұрын

If you have the Apple credit card, they have a savings account attached that pays 4.4%

@nanapoku5259 Ай бұрын

You Apple Credit Union Credit card?

@ADayInTheLifeofLori 28 күн бұрын

That’s awesome! Why have I never heard about this on Social Media?

@Lanna216 25 күн бұрын

Yes! This is the only savings account I have rn. No hoops or hidden fees

@nanapoku5259 25 күн бұрын

@@Lanna216 Can you please share how one can open an account with Apple?

@azieltobias Ай 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-hefner Ай 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-wrigley3 Ай 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-firestone Ай 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-wrigley3 Ай 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-rose7 Ай 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.

@syrinmist9071 25 күн бұрын

What about the Amex HYSA?

@CurieBohr 21 күн бұрын

SOFI requires direct deposit from your employer. Not an option I want to do.

@tiana_karolina Ай бұрын

What about BrioDirect? 5.3% APY

@vamseeboppana301 27 күн бұрын

Why does wealthfront not make it to this list?

@lone.1629 27 күн бұрын

I have Sofi as my main bank but I prefer the amex hysa.

@phoenixbythefire4555 Ай бұрын

ForBright 5.30% APY, no fees, no bells or whistles either just a very high APY

@tonipepperoni77 Ай бұрын

Yup same here. Love forbright

@denniscobos3306 Ай бұрын

Vio is also currently at 5.30%, been happy with them so far.

@thepotatoofheaven Ай бұрын

can i open an account online or do i need to visit in person

@thepotatoofheaven Ай бұрын

@@denniscobos3306vio bank website says 1.10 percent on their site for their savings account

@Tuskbumper Ай бұрын

@@thepotatoofheavenonline!

@zacharyrivera7228 Ай 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.

@sabahatiftikhar9547 Ай бұрын

Maybe because it has a monthly fee and limited features

@zacharyrivera7228 Ай бұрын

@@sabahatiftikhar9547if you deposit 250 or more a month it’s free. Also has way more features then all these banks

@traceyl9959 28 күн бұрын

What about Wealth front HYSA?

@131313user Ай 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

@MrJoegixxer Ай бұрын

Any direct deposit will yield the 4.6%. Non direct deposits require $5k. He definitely should have mentioned this.

@mikeyserrano9748 Ай бұрын

It was $5K inflow into the account per month OR having direct deposit. That's how you get 4.6%

@SBK27 23 күн бұрын

I have capital one 4.35%

@littlesammy1170 5 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?

@oroville12345 Ай бұрын

A wedding and a car both are bad investments

@p19shelt Ай бұрын

yeah lol

@hosamalam 8 күн бұрын

It’s about time synchrony gets some love.

@thehousingvlog7034 7 күн бұрын

Right! Been with them for years.

@thepotatoofheaven Ай 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

@terrancepinkney777 23 күн бұрын

That is 100% wrong. I have a UFB savings account only and I have been getting the 5.25% interest rate.

@chriscr3672 Ай 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

@victoriamitchell6240 Ай 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

@HypocritesExposd Ай 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.

@lil2sturdy212 Ай 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?

@truewolfofwinterfell 24 күн бұрын

How about Upgrade? Flagstar?

@thehousingvlog7034 7 күн бұрын

How are yall getting 4.75% from Synchrony? Im only getting 4.65%.

@Noir85Acutual Ай бұрын

What about EVERGREEN 5.31%

@truewolfofwinterfell 24 күн бұрын

Also, APY vs APR, does it also vary if interest is paid daily? Thanks.

@ausis6214 Ай бұрын

Wealthfront? It's 5.5% with the referral boost.

@Zaevia Ай бұрын

That’s what I use

@ManuelMenchaca Ай бұрын

Be careful with wealthfront. They are not a bank. I’m currently being burned by Yotta-synapse-evolve bank fiasco.

@masterthodyu Ай бұрын

Same they’re so good even without the boost

@ChaseDizzie Ай 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.

@ManuelMenchaca Ай бұрын

@@ChaseDizzie thank you! Coming from Yotta user uggh. Never again! The whole BaaS model is suspect.

@BelenEmely Ай 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?

@downlaw Ай бұрын

What do you think of E*Trade at 4.5%?

@gengartweetz2526 Ай бұрын

No mention of Vio?

@BraydenVonn42 Ай бұрын

What about betterment?

@oreo3213 Ай бұрын

For the $300, would it work if I deposit $5k to myself or does it have to be from an employer?

@shalooom Ай 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

@TobyMayne1 Ай бұрын

Which bank do you use??

@jambaman916 Ай бұрын

How does this work? Do you get that interest every month? Or is it split up between 12 months?

@HypocritesExposd Ай 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.

@jambaman916 Ай бұрын

@@HypocritesExposd Got it! Thank you!

@raulf8595 Ай бұрын

Yeah I love wealthfront ❤

@victoriamitchell6240 Ай 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

@carloshidalgo3298 Ай бұрын

@@victoriamitchell6240no issues at all, great company!

@josephmgomez3921 Ай бұрын

@@victoriamitchell6240 Wealthfront is awesome

@Brianpeckin Ай 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

@SoulFU2 21 күн бұрын

Have you looked into Western Alliance Bank?

@nadinemorrison6210 23 күн бұрын

Sorry for my ignorance but are there interest being paid yearly or monthly?

@randomkevinislasok 14 күн бұрын

monthly

@paulagardner7719 Ай 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?

@terrancepinkney777 27 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.

@rnodae7825 Ай 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-xy7xz Ай бұрын

Should I try a get a high yield savings account even though I’m 16?

@jonathaninga2691 Ай 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-xy7xz Ай бұрын

@@jonathaninga2691 alright I’m going too try and get one

@kclark5076 Ай бұрын

Hi can i apply UFB direct from the phils/japan

@fatal_xfeeds4170 Ай 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?

@raulolivares2863 Ай 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.

@houli09 Ай бұрын

Easy ACH transfer

@StaticOz_ Ай бұрын

I like SoFi

@josephmgomez3921 Ай бұрын

Wealthfront is the best one

@carilizer6006 Ай бұрын

Okaaay but how does one go about opening these? How do you actually get started?

@Piseth_01 Ай бұрын

Be carful what link you click many scammer out here

@ChaseJohnston19 Ай бұрын

Sofi til i die😤

@jimenezedwin19 Ай бұрын

So if a buy a treasury bill for 3 months? With 5% interest. Do I see that interest right away after three months ?

@RnR5 Ай бұрын

FDIC???

@johnsfinancetips Ай бұрын

yes all of them

@rom6107 Ай бұрын

You didnt talk about the risk/conditions

@deadstar962 Ай бұрын

What are the risks/conditions?

@gofman1109 Ай бұрын

Just in case you are not up to date, anything less than 5% is very bad checking and savings account

@josephmgomez3921 Ай бұрын

Not true

@joerodriguez7334 Ай бұрын

Been using bask since 2022 . Been great .

@ChaseDizzie Ай 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.

@kbeezy7417 Ай бұрын

The highest intrest rate means the best…that’s what most people care about

@kbeezy7417 Ай бұрын

I have UFB…and they give you a ATM card…it should be #1

@ChaseDizzie Ай 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.

@ChaseDizzie Ай бұрын

@@kbeezy7417 How much do they pay you for marketing?

@hushmoney2058 Ай бұрын

Party with Me I'm with UFB ......

@thehousingvlog7034 7 күн бұрын

How is the customer service?

@julies111 Ай бұрын

Forbright 5.30% with no minimum no fees

@Tuskbumper Ай бұрын

Yep been using them lately

@vg-cr1979 Ай бұрын

Can I take my money what ever I want with that account ?

@Biggerstaff4 Ай 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-c26 Ай бұрын

keep contributing to your 401K, remember you are in for the long haul, but I'd suggest you consider financial advisory

@Lindsay-jy Ай 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-j8k Ай 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-jy Ай 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.

@StephenTho42 Ай 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.

@DominickSpano Ай бұрын

You basically make the same video every month about the HYSA.

@shockjock35 Ай бұрын

I’m still using GS Saving Account from my Apple credit card

@ManuelMenchaca Ай 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 😢

@kdywright9689 Ай бұрын

Can you get out of that fiasco 😢?

@R0CKtheR3D Ай 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.