Please know that I will try my best to respond to your comments, but I may not make it to all of them. Also, there exists a nefarious element that will try to spam or scam others. I will never ask for personal information or ask you to send me money in any form. Those are scammers. Also, I am not a licensed financial advisor, so please do not request personal advice with your funds, as I am unable to overstep those boundaries. I am here to share information as best I can. WHAT TO WATCH NEXT: ♦Where to Park Cash: Guaranteed 5-6% kzfaq.info/get/bejne/Zt2Dq7dy3bu6lWg.html ♦8 Best Fidelity Index Funds To Buy and Hold Forever: High Growth kzfaq.info/get/bejne/rsp1qNGesdjMkmg.html ♦Investment Ladder Strategy with CDs T-Bills and MYGAs kzfaq.info/get/bejne/gMWndtlpudrSeZ8.html ♦Brokered CDs on Fidelity 2023: How to Buy New and Secondary CDs kzfaq.info/get/bejne/oZhgabFzyKiVlqM.html
@Aztecadr Жыл бұрын
Vio bank is great!! I love their rates and customer service. No requirements!!
@Noir85Acutual8 ай бұрын
Didn’t she utilize Varo BANK or chime BANK into this query?
@tuckerpippin6576 Жыл бұрын
Great video. Clearly unbiased, clear outline of the advantages and disadvantages. This channel will blow up
@BusinessWithBrian Жыл бұрын
I certainly try to be unbiased. And I certainly hope my channel continues to grow. Thank you so much for the comment! I greatly appreciate it.
@drbcrb Жыл бұрын
I like AMEX. Paying 3.5% with no gotchas. Plus established company which is a real benefit.
@BusinessWithBrian Жыл бұрын
Nice rate. Thanks for the comment.
@Pineapple-co6fe Жыл бұрын
Pay pal is 4%
@Yinz_Kno_Johnny Жыл бұрын
Credit karma is 4.0 now
@johnmoyers404 Жыл бұрын
App is almost as secure as a conglomerate such as GE
@2Rugrats9597 Жыл бұрын
Charles Schwabs 6mos. 4.9%
@GetThosePoints Жыл бұрын
I’ve considered SoFi, but the amount of posts I’ve seen about peoples accounts being frozen and amount of time to unfreeze, kind of scares me.
@kansasmile8 ай бұрын
I currently have $800k in a high yield savings account, yes I’m making gains but to what extent with inflation eating away at the dollar? Am I better off investing in the stock market long term or buying a house?
@colleen.odegaard8 ай бұрын
Long term? Stocks. Small-Caps are poised to perform better in the coming year despite Fed actions with rates to make investors worried. you should look into which the Best Small-Caps Stocks to position into
@blaquopaque8 ай бұрын
Its unclear which stocks and sectors will lead the market in the next uptrend. Stay away from rebalancing if you do not have guidance from a plannner and investment strategist. My finances have been in order since I got a wealth planner like Monica working with/for me.
@blaquopaque8 ай бұрын
"Monica Selena Park" is my advisor. Just do your own research online you’d find details. No kidding I have made a 218% gain since began rebalancing as many times as she suggested. With alternate investing the bear market isn’t so bad if you know where to look.
@fortunino8 ай бұрын
I appreciate this share. I set up a call. I am keen on getting to talk to her particularly. Lady looks really great though even with the exams and other stuff.
@JPaige-th2we Жыл бұрын
I have a DCU Account. I opened a checking account with DCU and the earned interest is deposited each month and at the end of the yr. I transfer it to a link account and pay a bill with it. I also have a VIO Bank account and it pays a 4.5% on a money market account. I just opened a Capital one CD with 5%.
@BusinessWithBrian Жыл бұрын
Well done. You're making the best of those high rates.
@fred89pj Жыл бұрын
Opened a CD with Capital One at 5% for 11 months
@BusinessWithBrian Жыл бұрын
That's great news! For anyone that needs direction on how to purchase this CD on Capital One, I go over every detail in the buying process in this video: kzfaq.info/get/bejne/orWjbJSTnpjVZIE.html
@JohnDoe-iv7yu Жыл бұрын
Brokered CD's. 3-5 months, or more, offer 4.5-4.9% right now. These savings accounts are also great as well and you can also use the CD's at these banks, albeit at lower rates, to pay out monthly directly into your savings should you need the cash for expenses. I would do a mix match approach.
@BusinessWithBrian Жыл бұрын
Oh, you can get brokered CDs even higher than that. I recently showcase them in this video: kzfaq.info/get/bejne/oZhgabFzyKiVlqM.html Great feedback about leveraging both CDs and a bank account.
@user-cs5bj5jb9r Жыл бұрын
Thanks for reading 34 pages! I subbed and liked !
@BusinessWithBrian Жыл бұрын
I appreciate the comment, and recognizing the pain I endured 😀
@Kenna198 Жыл бұрын
I moved 90% of my money to Capital One they pay great rates on CD’s and regular savings accounts, I keep less than $3000 at Chase because of convenience in case I need cash, their rates are terrible
@YoYo-be4ow9 ай бұрын
What's "CD's" ... And also why did you stay with capital one if other bank are offering 5.05%
@Kenna1989 ай бұрын
@@YoYo-be4ow CD’s are Certificates of Deposit. There are many factors to consider in choosing a bank, one of them is interest rate & also the bank’s reputation, assets, customer service, etc.
@emanueltosado4818 Жыл бұрын
Wow, this is the 1st video i see from this channel, i really like the style and the provided info.. subscribed!!
@BusinessWithBrian Жыл бұрын
Awesome, thank you!
@johnl9135 Жыл бұрын
Primis bank 4.92% APY as of 6/1/23. I only opened a checking since both has the same APY. So far so good, APY was 4.35% when first opened. A week later they increased to 4.92%.
@tmackie9439 Жыл бұрын
Is the interest paid monthly or yearly?
@andresdelacruz1102 Жыл бұрын
Hi what do you think about Discover Saving account current APY 3.90? Would you recommend switching to wealthfront checking with higher apy?
@swethagunasekar7053 Жыл бұрын
Brian, Love the tool and details in the spreadsheet. Very helpful.
@BusinessWithBrian Жыл бұрын
Glad you like it! I appreciate the kind note.
@CabernetKev10 ай бұрын
I think its better if you want high yield is to invest in high yield divided stocks. Some energy stocks pay 8 % dividends and stocks are cheap right now as wall st crashes
@BusinessWithBrian10 ай бұрын
But for many people, they park cash in a high-yield savings account so that it can meet two criteria. It is insured, and it has high liquidity. If you invest in high dividend stocks, it is liquid, but it's not insured. And I would dare say that most all high dividend stock are losing equity. Meaning that when you need the cash, you're going to have less of it because the stock price has gone down. It really comes down to your needs and expectations. People putting money in a high-yield savings account tend to need it in the short-term. Stocks, in my opinion, are much better for long-term investments.
@adaywithaleks6556 Жыл бұрын
I wanted to thank you for the free tool you've created and allowed us to view and use for our decision making and comparisons. I really appreciate it. Take care, and God bless!
@BusinessWithBrian Жыл бұрын
You are so welcome! Thanks for your comment, as it made my day. Glad you're able to get value from the spreadsheet. Brian
@bfry38 Жыл бұрын
I been using Milli bank. It’s 5.25% interest.
@gingersteveson664 Жыл бұрын
Me too! Love their jars too.
@Wesee123 Жыл бұрын
Thanks Brian! Appreciate the time you took to make the video. Subscribed
@BusinessWithBrian Жыл бұрын
Thanks for the sub!
@joseCalderon197610 ай бұрын
Good stuff. Subscribed
@BusinessWithBrian10 ай бұрын
Awesome, thank you!
@MrSupernova111 Жыл бұрын
I'm in the New England area and I need a bank. I think I'm going to open an account at DCU for daily use and put any excess savings in Capital One CDs. After I get my interest payments I can always move my excess savings where I get the most for my money. Worse case scenario, I can just put the money in a Fidelity brokerage account and invest in fixed income options with similar yields so I don't have to keep moving money around. Thanks for the video!
@BusinessWithBrian Жыл бұрын
The fidelity brokerage money market is a good choice if you already use them. I get a lot of mileage out of mine. Thanks for the comment
@juliankenzo Жыл бұрын
I used to live in New England and I highly recommend DCU. I still bank with them today.
@MrSupernova111 Жыл бұрын
@@juliankenzo . I'll keep this in mind if I need change banks again. Thanks for the advice!
@nyameyen.406010 ай бұрын
Thanks for the insights. The problem is that taxes consume most of the interest paid every year. How do I resolve this?
@kbsanders Жыл бұрын
Tried to create a Primis savings account but on step 3 of 4, where you link and fund your account, it's stuck in a loop and doesn't actually select the source account. Is anyone else experiencing this?
@mikematthews8806 Жыл бұрын
So for primis safe to say 1. No fees monthly or yearly 2. No minimum to keep open besides the initial $1 3. What about how much you can keep or FDIC insured up to? Could not find that on their site
@BusinessWithBrian Жыл бұрын
You are correct about the first two points. Here's a link stating they are FDIC covered up to $250K primisbank.com/personal-checking/primis-premium/ And here's a link to one of the disclosures reiterating that it only takes $1 to open and there are no fees: chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/primisbank.com/wp-content/uploads/2023/02/Primis-Perks-Checking-TIS-Disclosure.pdf I hope that helps. Brian
@rachelchavez6973 Жыл бұрын
Again, your videos have clarified so much for me! Thanks so much for all of the helpful information! Quick question - do you know if Primis covers all ATM fees INCLUDING fees from international ATMs?
@BusinessWithBrian Жыл бұрын
Thanks for the note. I do NOT know if they cover international ATM fees. It wasn't readily stated on their site just now when I looked. That is probably better asked directly from Primis.
@rachelchavez6973 Жыл бұрын
@@BusinessWithBrian Thanks for your reply! I will reach out to them directly for more clarification.
@alan30189 Жыл бұрын
I would forget about all of the ones you mentioned (too many restrictions), up until USB Bank, which paid 4.55%. I like the Primis checking interest rate, which is equivalent to their online rate of 4.35%. However, with the rates being equivalent, there’s no reason to have an online savings account. Just keep everything in your checking account. One that you missed though, was Brio Online Savings, which pays 4.402% and has no minimum balance requirements, no direct deposit requirement, and is FDIC insured. It’s a division of Webster bank. I’ve been using Brio for a couple of years now. I used to have Ally Bank online savings account, and several other online savings banks over the years, and what many of these companies do, is have a higher interest rate for a while, get a bunch of customers and then cut their rate back substantially. That’s what Ally did, so I withdrew my money in placed it elsewhere. Brio has not done that. All this being said, your best bet for a high return and a tax advantaged one as well, is to invest money you don’t need immediately in a Treasury Bill. They’re easy to buy through your broker, and most of them pay a higher interest rate than 4.55%. For example, I have a 17 week T-Bill ladder, where I purchase one each month and the latest one I purchased had an estimated return of 5.16%. The Fed just increased interest rates, so that rate will likely go up the next time I buy one. They are state and local income tax free, so that drives your after tax return up even higher. They are also zero coupon and much safer than having your money in a bank. I started buying them in November 2022 and now keep much less in my online savings bank. I keep one month of expenses my regular checking account. Lastly, Fidelity has some money market funds that pay decent returns now. Their FZDXX money market fund pays 4.88%, but you have to open the fund with $100,000. After that, you don’t have to maintain $100,000. Your balance can be much less than that and get the high rate. Cheers!
@curesnow6493 Жыл бұрын
Hi Brian, your video is very helpful. I’m planning to open a HYSA with American Express. I am aware that they will send a tax form called 1099 IMT if you earn more than $10 interest. Do they withhold taxes for us?
@BusinessWithBrian Жыл бұрын
No, typically banks and money market accounts do not withhold taxes, and yes they will send you a 1099 INT form for the interest earned over $10. Thanks for the comment.
@nelidasilva7388 Жыл бұрын
Great video, you are the best!
@BusinessWithBrian Жыл бұрын
Wow, thanks! I appreciate you providing the comment. Thank you again
@MahoneyBadger10 ай бұрын
Me sitting here in, Maryland, at the end of the video like “ain’t no way, this is amazing, no way it could get better than this”… “And if you happen to like in Virginia or Maryland…” 🤯 do you still like Primis?
@tahim30 Жыл бұрын
Best video and best link I cant thank you enough!!!
@BusinessWithBrian Жыл бұрын
Glad it helped! I'm sort of putting myself out of business with the spreadsheet, but it's what I would want if I were watching a video on banks. Thanks again for the comment!
@user-vp2xm6ds8p10 ай бұрын
What do you think about Varo Bank?
@steverossi30609 ай бұрын
Don't see Upgrade in your tool. They seem to be pretty decent.
@tcbridges Жыл бұрын
PNC banks checking account has a Growth section pays 3.93%
@BusinessWithBrian Жыл бұрын
Thanks for sharing that info!
@goedelite10 ай бұрын
If a borrower, a bank, pays a high rate, might that not indicate that it has an ugent need for cash? Isn't that a possible warning? Of course, it could have a great financing prospect and needs deposits for increased reserve requirements so that it can participate. Which is it?
@stephaniely1187 Жыл бұрын
Sir .DID you hear anything About citi bank night be bankruptcy? If so. Does Fdic insurance cover each account ? I have 2 cd with citi bạnk, i am worry....my saving FOR a HOUSE...
@kekw9779 Жыл бұрын
Gosh that is terrifying, I hope everything is well..
@Yinz_Kno_Johnny Жыл бұрын
What's your thoughts on credit karma? They have high yield 4.0 right now
@BusinessWithBrian Жыл бұрын
Great question. Funny thing is, I have an account with them, but not for banking. This is one I'd need to do some research on, seeing as how they are heavy into marketing. From what I've seen, they seem right in line with the other online banks, but they have the added perk of "instant Karma". Hard to complain with the 4% APY. I don't have any first-hand knowledge, but everything I've seen looks decent. If you try them out, please let me know your thoughts.
@BA-gn3qb Жыл бұрын
With the banking turmoil going on now, do you check Moody's ratings for your bank recommendations?
@BusinessWithBrian Жыл бұрын
I do review them. But here's the problem. Moody's had Silicon Valley Bank rated "A1" prior to its collapse.
@BA-gn3qb Жыл бұрын
@@BusinessWithBrian - Well. I guess that's why they're called "Moody." 😏
@TheAzmountaineer Жыл бұрын
Sure glad to see SVB isn't on your list! 😀
@BusinessWithBrian Жыл бұрын
This bank going belly up will cause some anxiety in a broad sense. Not a good outcome. Thanks for the comment
@samanthaharrington8713 Жыл бұрын
I'm 35 years old was wondering would having a high yield bank account be good for saving up for retirement!?
@BusinessWithBrian Жыл бұрын
First off, I am not a licensed Financial Advisor, so I can't give specific advice. However, I do explain some of the ways I was able to build my wealth and retire at 46 in this video: kzfaq.info/get/bejne/pKiges5z1dzWqJ8.html
@marymartin3478 Жыл бұрын
High yield savings for some but then INVEST some
@christianimura1958 Жыл бұрын
Commenting this before finishing video, do any of these accounts require direct deposits? A lot of my money comes infrequently in large sums. A lot of accounts you only qualify for interest if you get direct deposits every 30 days. I can’t do that but I still want to put money in the savings account and qualify for the high apy%
@xhesaid5468 Жыл бұрын
Awesome upload. This has been something I’ve been seeking info on as of late and this video was very helpful. PayPal is offering 4.0% in their saving as of now, BUT I’ve been told it’s not very safe? So I’m thinking of moving what money I have in. This video was very helpful. Thank you, sir.
@BusinessWithBrian Жыл бұрын
Glad it was helpful! And thanks for sharing the Paypal details. I do not have firsthand knowledge if they are risky or not. Let us know if you make the change and how it goes.
@predatorhunteroutdoors Жыл бұрын
Why would anyone care about a 6.1% with a $1000.00 cap? C'mon man!
@BusinessWithBrian Жыл бұрын
What's best for one person, isn't for another. And that's why I said there are several other options. Thanks.
@iSkrapsRacnus Жыл бұрын
A teen that has a part time job while in school could benefit from it.
@BusinessWithBrian Жыл бұрын
You are exactly right, a teenager could greatly benefit from that account.
@noname-mu6kn Жыл бұрын
Before u hit 1000 take a few out and when the interest comes take out what the interest and it's free money
@juliankenzo Жыл бұрын
DCU covers ATM fees which is another great feature.
@Dilly_Dil1y7 ай бұрын
How about capital ones 360 savings? Can’t believe I just found out about hya 😭
@BusinessWithBrian7 ай бұрын
Great question, I do have them in my free spreadsheet in the description section. I update the rates for about 30 different banks every couple weeks. You can check them all out there.
@cbbcbb6803 Жыл бұрын
What counts as direct deposit? Wealthfront Cash sounds like you said it does not have FDIC coverage and sounds like you said it has coverage. I'm confused.
@BusinessWithBrian Жыл бұрын
Direct deposit is loosely defined as a consistent monthly deposit via ACH. One may attempt to have a monthly transfer from another bank into a high yield account that requires direct deposit via ACH and it may meet all requirements. I've heard of a few people taking this approach, but I don't know if any of the banks are catching on to this. Attempt at your own risk, but let me know if it works for you :-). Sorry for any confusion on Wealthfront, here's the spot in the video in case someone else reads this 5:48 My reference was that Wealthfront is not like a typical bank with only $250K in FDIC insurance. Instead, it is a money account where they manage your money across several banks. I then go on to state that Wealthfront provides $2 Million in FDIC insurance for a single account, and up to $4 Million in coverage for a joint account. Does that help clarify your question?
@cbbcbb6803 Жыл бұрын
@@BusinessWithBrian Thanks. That is what I needed to know.
@ampiciline Жыл бұрын
great video ,, is there any table that shows average CD rate over last 20 years in USA ?
@BusinessWithBrian Жыл бұрын
Thanks for the note, there's no easy table that I am aware of. But I'm sure that if simple Google search will probably show something.
@carolynisles8686 Жыл бұрын
Have you ever reviewed saving accounts and hecking accounts at like credit karma or robinhood? I am thinking about them.
@BusinessWithBrian Жыл бұрын
Great question. I've been thinking about them both. Robinhood much less because of the $5 a month fee. That will kill your interest unless you have a huge deposit sitting there. I may include credit Karma in the future. Other's have asked about that too. Thanks for the comment!
@JSRJS Жыл бұрын
SOFI has 4% interest on Savings, no fees and 2 million deposit insurance for free as of March 2023
@BusinessWithBrian Жыл бұрын
You are correct on the 4%, and Ally just bumped theirs up to 4.75%. I have them listed in my free tracking tool should you ever want to compare the list of 20 banks for comparison.
@ej3943 Жыл бұрын
I have an Ally Savings Acct, but I only get 3.75% APY. Is there another type of account that yields the 4.75%?
@BusinessWithBrian Жыл бұрын
Sadly, Ally made a big change. They offered their CD at 5% and then dropped their savings account rates to 3.75%. Banks are making changes weekly, and it's work to keep up.
@ej3943 Жыл бұрын
@@BusinessWithBrian Thanks.
@TroutStalker1 Жыл бұрын
@@BusinessWithBrian Say you put money into a bank at 4% and they change to 3% shortly there after. Is your money locked in at 4% in a savings account or does the rate constantly fluctuate? thanks
@tcostello9499 Жыл бұрын
What do you think of Western Alliance Bank’s high yield account? It looks like it’s rate is 5.2%. It seems wild.
@wippersnapper238610 ай бұрын
I’ve been using them for a few months now with no issues. 5.25% and no fees is pretty great. Only downside I’ve seen is that it takes about 2 full business days to transfer money to my other checking account.
@tashundraroberts279510 ай бұрын
I went with synchrony
@litolito8592 Жыл бұрын
Do any of this banks have a phisiclal bank? I am afraid of this online only banks
@ausis62145 ай бұрын
Many of the well known online banks are FDIC insured so they're as safe as a physical bank. One reason they're able to offer high interest rates is because they don't have the costs associated with physical locations. I just opened a Wealthfront account but will keep my Wells Fargo account.
@Derek-yc1ol Жыл бұрын
Can I make bill payments or write checks to pay bills with a savings account?
@clarkkent8428 Жыл бұрын
Checking ac will do for you. NOT a saving ac.
@ausis62145 ай бұрын
I wouldn't pay bills with a savings account.
@joelibanez1869 Жыл бұрын
I'm trying to start my investing journey early...being 19 and just have a $18/h job would it even be worth investing in a cd only being able to put a 1000 in
@BusinessWithBrian Жыл бұрын
It's never too early, or too little when it comes to investing. At being 19, you have a lot of runway for an investment horizon. I don't know your full situation or if you need access to the cash in the short term, but there may be other areas to consider like: matched 401k (maybe?) pay down high interest debt, etc. I don't feel comfortable giving specific advice, as I am not a financial advisor, and I certainly don't know the full picture. I can only share ideas and concepts that are available to you. You may get value out of my video on the optimal order for investing: kzfaq.info/get/bejne/pKiges5z1dzWqJ8.html It all comes down to your personal preference and your circumstances.
@joelibanez1869 Жыл бұрын
@@BusinessWithBrian Thank you sir
@BusinessWithBrian Жыл бұрын
@@joelibanez1869 anytime!
@Jiggy609 Жыл бұрын
At 19 i was spending more than i made and partying every weekend so you’re ahead of the game dude😂
@brucelaw8574 Жыл бұрын
I would check CFG bank high yield savings accounts
@BusinessWithBrian Жыл бұрын
thanks for the note. I'm looking at them now. Their CD is at a great rate!
@shojus Жыл бұрын
Been with CFG for almost a year and they are awesome! They always stay in the top 5 highest MM accounts and recently hit 4.80% APY. They do require a min $1000 balance or you will be charged fees and their customer service is hit or miss. Once you get in though, you're good to go...
@tonyasanders6927 Жыл бұрын
Agreed. I am also with CFG and they're great!
@adamtrix Жыл бұрын
What do you guys think about discover?
@BusinessWithBrian Жыл бұрын
As a bank, they are ok, but not a stand out. Their savings rates aren't great, but they have a solid foundation and system in place. Their credit cards are also wonderful. Accounts can come down to personal preference, and not just the highest rate.
@CampusMania Жыл бұрын
What about Capital One? Is it any good?
@BusinessWithBrian Жыл бұрын
I have an account with Capital One and I like them, but I don't love them. The service is good, the cafes are great, the credit cards are great, but their rates aren't so awesome. I prefer another bank with a higher interest rate. But I'm putting the rate ahead of other services, which may not be ideal for other people. My opinion is that Cap One is a solid choice for many of the services. It depends on what you value most.
@gwarner565 Жыл бұрын
@@BusinessWithBrian 4.3 isn't good for savings?
@Johnnydhee Жыл бұрын
Careful with Capital One. They have past issues with APR bait and switching.
@nikineal69 Жыл бұрын
I have DCU account and SoFi.
@BusinessWithBrian Жыл бұрын
Nice! Any feedback from your experience?
@fernandoamador2389 Жыл бұрын
So when addressing Digital Federal Credit Union's requirements, you say, "their website lists all the employers and organizations that are allowed to join." So is being either one of those a specific requirement of its own?
@BusinessWithBrian Жыл бұрын
If you meet any of those requirements, then you can apply.
@TheMonicagal Жыл бұрын
Brian, what do you think of CIT bank? Will you review CIT BANK OR Vio Bank for savings/money market accounts?
@BusinessWithBrian Жыл бұрын
CIT is a decent bank. I believe I had reviewed them in the past, and I also have them in my free tool with all their rates and requirements. I had looked at Vio in the past, but their basic banking features and rates weren't the best. However, it does look like their Money Market account has greatly improved their rate, but the MM and the savings account don't seem all that different in functionality. It seems odd that their rates are so wildly different. I may need to do a video just on Money Market accounts because I've seen a big uptick in questions on that topic. Thanks for the questions
@TheMonicagal Жыл бұрын
@businesswithbrian that would be great...thank you. Many people do reviews on banks based only on rates...but the customer service, and safety of the bank is just as important. I look forward to your future videos and info!
@guaparra2 Жыл бұрын
@@BusinessWithBrian Vio bank market account is 4.40 apy
@stephenf.1408 Жыл бұрын
I found that CIT bank will drop the interest after a period of time and introduce a new account name with their best interest rate. You would have to constantly monitor the account rates and switch when they changed.
@TheMonicagal Жыл бұрын
@stephenf.1408 they do have great rates, but that's a pain. Thank you for your feedback.
@sammearle Жыл бұрын
What do you think about capital one checking/savings?
@mikecumbo7531 Жыл бұрын
I have had a Cap One account for years, originally it was ING Direct. Their high yield savings account Is 3.9%, a few weeks back they had an 11 month 5% CD with no catches.
@dwaynec35 Жыл бұрын
Make sure you read reviews of banks before opening an account. Primis bank reviews are pretty scathing!
@BusinessWithBrian Жыл бұрын
Thanks for the comment
@wendym.7648 Жыл бұрын
Same goes for Quontic. Thanks!
@ozisike Жыл бұрын
What about bask bank? i just want a high yeilding acc to throw money into instead of keeping it in my wells fargo savings.
@BusinessWithBrian Жыл бұрын
I haven't looked too deeply into Bask bank. Their rate is decent, but there are several with higher rates. The ones in my video have all gone up, and I update the rates in my spreadsheet located here: bit.ly/Bank_Comparison_Tool
@mantorras7752 Жыл бұрын
@@BusinessWithBrianbask bank is at 4.75 APY with no minimums. How do you not know about it?
@BusinessWithBrian Жыл бұрын
@@mantorras7752 That's the rate today, but it wasn't that high in February when I created the video. When I make another bank video, if their rate is at the top of the list, then it will make the cut. Thanks.
@mantorras7752 Жыл бұрын
@@BusinessWithBrian oh ok! Thanks for all you do!
@davidc0824 Жыл бұрын
What would u recommend for me. I have 110,000 in capital one 3.4%360 account right now. I don’t need the money for 1-2 years. Trying to save down payment for a house
@Antares1 Жыл бұрын
I would wait for April and see what high yield CDs are being offered. We should expect more 6% CDs soon. Capital One offers a 5% 11 month CD right now.
@BusinessWithBrian Жыл бұрын
I won't give direct advice, but there are many other options providing rates well above 3.4%. Treasuries and CDs are nice guaranteed options, and if you are concerned about rates going up and missing out, you can create a ladder with the CDs or treasuries. I explain the process and why it may be of value in this video: kzfaq.info/get/bejne/gMWndtlpudrSeZ8.html
@Luigi4Truth Жыл бұрын
@@Antares1 You can get that rate on an 8 week T-bill through Treasury Direct right now. Why wait 11 months for 5% when you get get the same rate for an 8 week commitment?
@kaylintang Жыл бұрын
First republic bank has 60 days CD with 4.25%, 4.5% for 5 months and 4.9% for 11 months. The rate may be increased. I would divide 110k to a few different CDs with different time just in case you need the money suddenly. Be sure to put some money for emergency fund before putting all money in CDs. if you don’t want to risk on the stock market.
@sanseiryu Жыл бұрын
@@kaylintang FRB stock has been downgraded to junk status by Moody's due to increased outflow of cash. You need to be aware that this is a potential path to failure.
@brilliancetventertainment9416 Жыл бұрын
how can an someone living outside the US but visits from time to time open one of these online bank HYSAs without a SSN?
@somethowawayhandle10 ай бұрын
You can't
@micomarinas2753 Жыл бұрын
can someone from the Philippines open an offshore account with this banks that you mentioned?
@BusinessWithBrian Жыл бұрын
Highly unlikely. You'll want to look at the banks specifically, but most of them are specific to the US states and territories.
@AndersonChao-vs3zf Жыл бұрын
Amex offer 3.75 high yield saving account
@BusinessWithBrian Жыл бұрын
Thanks for sharing the Amex deets.
@michaelpark7048 Жыл бұрын
I bank at Primis and love them. BTW, it's pronounced PRIM-US not PRIME-US
@BusinessWithBrian Жыл бұрын
Thank you for your testimony, and also informing me how to pronounce it correctly. I appreciate it.
@Derek-yc1ol Жыл бұрын
Is primus a good bank? I thought of using them but noticed they are only rated B
@Derek-yc1ol Жыл бұрын
Prime us lol
@MafOrozco11 ай бұрын
@@Derek-yc1olwhere do you see those rates?
@Pri79111 Жыл бұрын
Do you have any reviews for Porte
@BusinessWithBrian Жыл бұрын
I haven't. I've looked at them, but they just didn't seem memorable or standing out as being better than any other online bank. Their rates and offerings seem ok, but less than a lot of the top performers that I review. If you choose them, please let me know how it goes.
@Pri79111 Жыл бұрын
@@BusinessWithBrian hey thanks for responding back. So which one do you think is best or at least better than Porte Im still trying to decide who to go with
@Money_Gaming_Broadcast10 ай бұрын
UFB direct is now 5,25 my question is do I trust the bank
@BusinessWithBrian10 ай бұрын
That's a completely fair question to have.
@casrob9969 Жыл бұрын
Add M1 Finance High Yield Savings. 5.00% APY
@BusinessWithBrian Жыл бұрын
I would, but unlike my other choices, the M1 Finance bank has a $10 a month fee. That kills the benefit.
@Manimultani1993 Жыл бұрын
Can i withdraw my money as they change interest rates?
@BusinessWithBrian Жыл бұрын
Yes, it is a normal bank account that you can withdraw funds as you like. Now you may need to look at specific details of some banks to make sure they don't have limits on how much you can withdraw per day, or some may have minimums to be held in the account.
@Manimultani1993 Жыл бұрын
@@BusinessWithBrian thank u sir
@LoveLikeaHurricane Жыл бұрын
So primas over Sofi?
@BusinessWithBrian Жыл бұрын
All depends on you and your needs. Features, or the higher rate?
@sidhaarth1612 Жыл бұрын
How about citizen access ..4.25%..??
@BusinessWithBrian Жыл бұрын
I once had a Citizen Access account and it was fine, but it just wasn't any better than the ones listed in the video. Plus, I do have my free sheet that lists out quite a few banks with all their rates so a person can compare them all at once.
@Derek-yc1ol Жыл бұрын
Is primus bank really a good/safe bank to use? Is it OK to use a bank with only a B rating?
@HEllis-qu5nn Жыл бұрын
Primis is not accepting new customers right now.
@redscorpion9325 Жыл бұрын
@@HEllis-qu5nn Probably because of the High Interest on Checking
@MafOrozco11 ай бұрын
@@HEllis-qu5nnwhere did u see the are not accepting new custom3s
@RosalynAbankwah Жыл бұрын
Please can you make videos on high yield savings banks that money can be transferred to beneficiary when the person dies?
@BusinessWithBrian Жыл бұрын
Hi Rosalyn. It's a great item to include. Where I am able to find beneficiaries, I input that detail in my free sheet with all the banks. Under the tab of "Details" I have a column for beneficiaries where I list if a bank offers that feature or not. There are some with "?" where I couldn't find an answer, which leads me to believe they are a no. Here's the link: bit.ly/Bank_Comparison_Tool
@merovingian688 Жыл бұрын
How’s PNC?
@bleulesyeux5416 Жыл бұрын
They just started 4.15 % for their growth account. I've been with them for years.
@merovingian688 Жыл бұрын
@@bleulesyeux5416 With problems in the banking sector, Chase and PNC are looking healthy
@MENSA.lady210 ай бұрын
When I can find a bank account that pays me a rate better than the inflation rate I will consider it. In the meanwhile I'm buying gold..
@AnkushSharma-sz7zg Жыл бұрын
SOFI is the best!
@BusinessWithBrian Жыл бұрын
I certainly believe that they are a solid option
@DoubleOddJosh Жыл бұрын
Be careful with DCU, it's really hard to withdraw the money.
@BusinessWithBrian Жыл бұрын
Good to know. Thanks for sharing.
@MrSupernova111 Жыл бұрын
How would DCU make it difficult for you to withdraw your money?
@DoubleOddJosh Жыл бұрын
@@MrSupernova111 There's literally no way to withdraw your money to an external bank account without paying a fee
@MrSupernova111 Жыл бұрын
@@DoubleOddJosh . Could you share the fee amount? I was looking at this bank before I saw this video.
@DoubleOddJosh Жыл бұрын
@@MrSupernova111 Sorry, but I don't remember what the fee was. I think he covered it in the video, but it's only 6% on the first $1,000 and then 0.1% after that. You'd be much better off going with a different high-yield savings account
@johnever3226 Жыл бұрын
how about CIT Bank ,, why i don't see many online banks being compare to them . ?
@BusinessWithBrian Жыл бұрын
Thanks for the note. Are you asking why I don't have CIT Bank in the video? I'm not entirely sure the question so I just want to verify. If that is the question, then I do list CIT Bank in my free spreadsheet where the link is in the description of the video. I list that bank in about 20 other ones for you to compare.
@hankhanson6922 Жыл бұрын
UFB has the worse customer EVER! Avoid at all cost.
@BusinessWithBrian Жыл бұрын
thanks for the comment
@Jen-ur4ut Жыл бұрын
It can’t possibly be worse than Wells Fargo!
@hyperionsixzeroeight5064 Жыл бұрын
Duhhhhh, inflation 14%, guaranteed loss.
@BusinessWithBrian Жыл бұрын
You are correct, inflation does create a loss on the dollar. Always has, always will. What CPI data are you referencing with the 14%?
@edennis8578 Жыл бұрын
Sure, so keep it in a sock and don't earn any interest. How does that help you?
@Johnnydhee Жыл бұрын
At what point has inflation been at 14 percent this year? Garbage post.
@johnlupo391910 ай бұрын
must you make those ANNOYING NOISES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@BusinessWithBrian10 ай бұрын
Can you be more specific? Tough to read between the lines, and the !!!!!!!!
@timweishahn Жыл бұрын
Couldn't find the Free Bank Rate Tracking Tool on Google Sheets that you showed. PLease help. Thank you,
@BusinessWithBrian Жыл бұрын
It's in the video description as: Link to the FREE TOOL (Bank Rates Today): bit.ly/Bank_Comparison_Tool
@nikkmarie6364 Жыл бұрын
I’m not seeing a lot of videos on VIO. It appears they have the highest APY at 5.02% without fees
@davidvannostrand6244 Жыл бұрын
Did you ever get more information about VIO? I am also seeing it and wondering same thing.
@SkatingwithAaron Жыл бұрын
I have held fund with Vio for 2+ yrs now in both their standard savings and Money Market account. They charge a $5/ month for paper mailings which can be removed if you go digital. Their app is no frills for sure. Very basic. You can link to Mint though if you track your finances there. Customer service has been pretty good as well.
@sandblast5636 Жыл бұрын
Brain you must be a retired used car salesman or an RV salesman.
@BusinessWithBrian Жыл бұрын
Sorry, but I've never been a salesperson. You're welcome to seek out my linkedin listed in the description, or watch this video explaining some of my history: kzfaq.info/get/bejne/n5Zyq5qa1NHdZZs.html I believe I had covered these banks with the good and bad aspects, along with being objective. Just like at 1:12 where I suggest that if an online bank isn't your thing, than a credit union is a great option. My intent is to share the facts and provide options to the viewers. No selling intended.