Hi All, Looking for advice. I am looking for a higher interest highly-recommended savings account, as my account only earns 0.05% interest. Any tips? Maxed out Roth and 401K. I want this savings to go towards a down payment a year from now. Any other accounts that would be beneficial if the saved money is specific for real estate? Thanks
American Express High Yield Savings is at 2.10% currently.
@Catherine C. Ally Bank has 2.1% wealthfront currently has 2.57%. My wife and I are currently in the process of moving our cash saving away from wells fargo for the same reason you are. I am looking at ally and wealthfront. My sister uses Ally and thinks it is great. Both have insurance Ally has a limit on transaction wealthfront does not.
Some good options here.
@Brian Garrett Thanks, Brian!
@Tyler Gibson I appreciate the help!
@Randy Bloch Thanks, Randy. I will check out that site
@Catherine C. , Marcus (part of Goldman Sachs Bank) is currently at 2.15% APY.
Wealthfront is your best bet. Currently offering 2.57% APY, it's the highest return you'll find right now to the best of my knowledge.
@Catherine C. Synchrony bank offers 2.25% and wealthfront is at 2.57% the most of any bank.