What are some of the most established or reliable banks out there to put money into a higher interest yielding savings account? Not necessarily looking for a CD that locks up money for 24/36 months, but rather a fluid account that yields better interest than a standard money market that gets 0.02% interest. What are the fees, penalties, or other main factors to consider with these accounts? Thanks!
Ally Bank 1.6%
Another thing to keep in mind is, depending on your tax bracket, you may better off putting the money into non-taxed municipal money market funds. They will often have a higher tax equivalent yield than a taxable savings or money market.
Bob, I was going to suggest the exact same thing. I would place it into a muni MF. Even better would be a muni ETF as long as its paying its coupons. triple tax exempt in most circumstances.
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