7 BEST High Yield Savings Accounts of 2024

In this video we’re looking at the 7 best high yield savings accounts of 2024! These high yield savings accounts are paying some of the best rates of up to 5% APY as of filming this, but the bank accounts in this video also come with some other really great features that make them stand out. If you have some cash savings and you need a place to save money, then definitely consider opening one of these top high yield savings accounts because you can earn a lot of interest.
My personal choice for bank accounts is SoFi Checking and Savings which pays 4.60% APY in their high yield savings account and comes with a lot of other additional benefits, including a sign up bonus. Other accounts in this video are also great and each one is FDIC insured, has no fees or minimum balance requirements, and has a great long term reputation. There’s plenty of great high yield savings accounts mentioned here, but you can also find other banks that pay a competitive rate with FDIC coverage. These are just my opinion some of the best high yield savings accounts based on what I’ve tried over the years!
🏦ACCOUNTS:
SoFi: danielbraun.me/SoFi
Ally: danielbraun.me/Ally
American Express: danielbraun.me/Amex
Capital One: danielbraun.me/CapitalOne
Marcus: danielbraun.me/Marcus
Discover: danielbraun.me/Discover
Wealthfront: danielbraun.me/Wealthfront
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CHECK OUT SOME OF MY OTHER VIDEOS:
▶️ Budgeting For Beginners | How Save 80% of My Income: • Budgeting For Beginner...
▶️ I Ranked Every Credit Card (Here’s What’s ACTUALLY Good): • I Ranked Every Credit ...
▶️ You’re (Probably) Killing Your Credit Score: • You’re (Probably) Kill...
▶️ My NEW 2024 Credit Card Strategy (& 2023 Recap): • My NEW 2024 Credit Car...
CHAPTERS:
0:00 - Intro
1:15 - Account 1
4:11 - Account 2
6:49 - Account 3
7:43 - Account 4
8:38 - Account 5
10:00 - Account 6
11:20 - Account 7
DISCLAIMER: Some of the card links and other products that appear on this website are from companies which Daniel Braun will earn an affiliate commission or referral bonus. Daniel Braun is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[@MikeMaye]

A high yield saving account is super important rather than have you money sitting in an account doing nothing. These are great tips for starting out the new year. Great vid Daniel💥

[@Daniel_Braun]

Agreed - gotta earn something from savings that will just be sitting in an account! Thanks as always for watching Mike!

[@SethTheSpeaker]

I agree. Nice!

[@inquisitvem6723]

Make sure to know the limit you can withdraw at one time

[@Omarwilsonn]

💯💯

[@ausis6214]

Couldn't agree more. I opened a WealthFront account a week ago and seeing how much I can earn this year is exciting. I'm baffled I've gone so many years missing out on free money. Granted, that interest is taxable income but hell, it's better than nothing! I'm considering Marcus too.

[@Mary-bg4kx]

Thanks to you I got weathfront last March. I made $2500 in interest last year!

[@Daniel_Braun]

That is so awesome to hear! Wealthfront has been offering some of the highest rates for a while now, so not surprised that you're able to earn that much interest 👍

[@factsmatter1172]

How much did you put in your bank monthly last year to make $2500? Tnx

[@jmbfinesse8223]

I just signed up today and opened a account with 10k with valley bank HYSA I’m currently getting 5.25 APY

[@AlanHang]

Hey Daniel. Just started watching your channel and it's been a game changer. Your channel has really given me a whole lot of info that I was very ignorant about before. Again in this video, you deliver the quality and confidence in your knowledge that is hard for me to find elsewhere on this platform. But IMO the warping transitions are a bit much. Kinda hurts my eyes lol. If you like it then keep it. You've made a point that you always want to improve and be 1% better with each video and I think experimenting with new editing techniques is great. Keep up the good work man.

[@Daniel_Braun]

Hey Alan I truly appreciate you saying all of that! That means so much to hear that the info has been valuable to you! Thank you for saying that about the transitions as well - I actually agree and have been passing that along to my editor to use a little bit less of that in the future because I don’t want it to distract from the content haha Thanks again for the way you gave good feedback like that - it really is appreciated from me! 👍

[@lonz0_0]

I LOVE Ally! I have had it for 2 years now and its great! My favorite feature is definitely the buckets...have like 20 of them lol

[@Daniel_Braun]

Great to hear that! That buckets feature is very useful!

[@chrisoverbey5937]

I have had the same bank since 1986, mostly out of inertia. You now have me seriously considering SoFi. Solid video, keep pumping them out!

[@HighCRI]

I’ve had SoFi and def recommend going with one of the other options he mentioned. Most of that reasoning is me disagreeing with their lobbying efforts, but the main, objective reason that made me switch is they’re slow to process things. It takes a least a day longer (sometimes more) for things to happen with them than it does with Discover (checking/savings) or Capital One. For example, I do a lot of business through PayPal and transfers from PayPal took 2-3 days, one time it took up to 5 biz days for no apparent reason. With Discover and Capital One, pretty much any money transfer I do (regardless of the source) is available in my account the next biz day.

[@inquisitvem6723]

How often can they change the rates? Once per year?

[@user-eg2iy6hp9x]

38 years of inertia!

[@kokot9962]

Daniel thank you for this, do you recommend to get Ally and Sofi?

[@robschultz3758]

What would be the advantage to using any account besides wealthfront with 5% apy?

[@theonlybuster]

The thing to remember is that HYS accounts interest rates are NOT set in stone. They will vary from time to time. Make it a habit to check the interest rate each month and look out for any notices of changing interest rates.

[@Daniel_Braun]

Exactly! I had to mention that to start the video because it's important to know

[@minwoobaik3035]

what are you supposed to do if there is a large change in interest rates?

[@Vahex4]

@@minwoobaik3035switch banks or move to a CD to lock in the rate.

[@josearellano3670]

@@minwoobaik3035Nothing, look at it as an emergency fund, you have money there that you invest for 6-12 months in case of an emergency, or a small term goal etc

[@Godx_Junior]

@@minwoobaik3035move it to another HYS that is FDIC insured

[@chillingwitheli4942]

You’re truly so helpful! Your credit score video was extremely easy to comprehend. Love your videos! 🔥

[@Daniel_Braun]

Thank you so much! I love to hear that the videos are helpful!

[@RondonMatta]

Thanks for this review. I have the Synchrony Bank hysa. What do you think of that one it have 4.75% Great Video.

[@IsakuKageyama]

Hey Daniel - thanks always for the great content. What is your opinion on the CIT Bank savings accounts?

[@jclyntoledo]

Yes, specifically the savings connect account with CIT bank

[@JimmyDShea]

Im interested in them as well

[@buttnakedsignatureseasonings]

Thank you for the content 💯

[@TJDawgs72]

Thank you for this info. I was about to move my savings into a Schwab Savings account because they are offering .48% compared to my .01% account at my Credit Union...lol SoFi sounds like a no brainer.

[@jf3028]

Perfect! This video came just in time. This is the year i want to open a HYSA for my fiancée and myself. Thanks for the video Daniel

[@morbuenogroup3092]

Then look at going with Milli fir your HYSA

[@Daniel_Braun]

Love to hear that! Happy to help and thanks so much for watching!

[@donttrip7980]

I’m not gonna lie this video was the best broken down video I’ve heard in a while excellent job Daniel thank you

[@Daniel_Braun]

That is such great feedback to hear! So glad that you liked this video and the way it was organized - thanks so much!

[@wasp1149]

Hi! Thanks for this video! Is transferring my Amex Savings account of 5k to SoFi classified as a direct deposit or Does it need to link to my paycheck so I can earn the bonus?

[@ephermallove]

thank you for sharing!

[@tj.henderson]

Thanks for sharing ❤

[@jaypro959]

I do have a question. What happens to your sofi account if you end up unemployed for over a month. Does the interest rate automatically drop or is their a grace period?

[@TheFreshsack]

Could you talk about / look into the Bread savings’ FDIC insured account at 5.15% APY (with $100 minimum *initial* deposit and the BRIO Direct savings account at 5.35% APY. Also, Customer Bank / UFB Secure Savings @ 5.25 apy and 5.32 apy. Is there something wrong with these higher yield savings accounts.

[@evanbarr28]

Curious what you think about the Apple Savings Account and how this fits in with the other options discussed in this video. I know you need to have the Apple Card to be eligible for this HYSA so there's an additional barrier to entry, but curious if you have any knowledge as to why someone would choose Marcus by Goldman over the Apple one (other than the fact that Marcus has a higher APY...)

[@rudroroy1054]

so that $5000 direct deposit for $300 sign up bonus needs to go directly to the savings or the checking account??

[@lisaellis7137]

Great video. Very helpful. I’m with Amex since I have a platinum and a Hilton Honors. I also have a Barclays high yield savings.

[@Daniel_Braun]

Thanks Lisa! Nice to hear that you have some good credit card and banking options that you're using 👍

[@anniesshenanigans3815]

I have AMEX HYSA. It's not really that high, only 4.3% BUT it's very easy access and superior customer service.

[@blackbutterfly233ify]

the editing is really nice in this video

[@RC-xk9bk]

I got a SUB with Capital One 360 Performance savings back in November. Bonus varied based on deposit, but have to keep it there for 90 day minimum.

[@Daniel_Braun]

Sometimes they might run targeted promotions - I think I got a $300 bonus a few years back through Capital One! I don't think there's any offers at the moment, but always good to be on the lookout for them 👍

[@tj.henderson]

How about Upgrade savings and checking accounts? I would love a video about that. If you have not already done one.

[@Milkinporsche]

I have the C1 360 performance saving, reason is to develop a banking relationship with c1, kinda too late.

[@Daniel_Braun]

Capital One 360 Savings is great!

[@blyback]

Love these types of videos Daniel! Thank you!

[@Daniel_Braun]

Thank you for watching! I appreciate it!

[@CesarJoel]

Great options Daniel! I like AMEX and Discover high yield savings. Thanks for the overview.👍

[@OLC_Fishing]

idk about sofi i don't want to do direct deposit.. only my own deposits from my traditional bank to HYSA bank

[@Silvio67]

great video. everyone here seems happy with their choices.. I'm wondering if there's a difference in the savings being a checking account as well. sometime you gotta write a check. lol

[@Daniel_Braun]

Thanks Silvio! Yeah it's good to have both a savings account and a checking account. Savings for keeping money aside for short term needs, and a checking account for immediate access to cash for paying bills and things like that 👍

[@bitterswtmocha149]

there is a difference. in a savings account, you can only withdraw money up to 6 times per month or have to pay fees. A checking account you can withdraw as many times as needed. You should typically have a savings and checking linked at one institution so you can use the checking for daily spending, bills and such but the savings shouldn’t need to be removed all that often.

[@tonyher22]

I'm new to these high yield savings accounts and am interested in opening an account. I was wondering if these accounts have limits or fees on the number of times you can transfer funds out to other checking accounts? I ask because I like to put majority of my income into a savings account and minimize the amount I have in my checking account (helps me spend less). But occasionally, I have to transfer funds from my savings account into my checking account for unforseen bills that come up. I would like to avoid getting charged extremely ridiculous fees if possible.

[@kellycarroll6829]

good video ~ Q: do the banks that allow a higher amount of FDIC ins. by utilizing partner banks seem stable over the long run for larger savings accts or would you think setting up seperate accounts would be better? 🌟💚

[@austinbailey5322]

I like the idea of a large national bank. Should I go AMEX for their customer service or Capital One for their app and multiple 365 accounts

[@eliseorios7278]

Amex all the way . Customer service is TOP NOTCH and will have ur back no matter what

[@vicentecabrera9245]

I rather do ultra short bond fund VUSB. It gives around 5.5%. I also do so in my Roth IRA to not pay taxes

[@ceciliabeatrizmicelli6263]

Sorry a mistake in my last question, Can I use as a direct deposite my Airbnb incomes? Ir order to increase my APY and get the bonus sharing the link for new users in SOFI bank?

[@Hemingway90]

On thing to keep in mind about Marcus 7:11 is that you can only transfer money back to the funding account without being flagged and your account being put on hold. For example: I recently moved checking accounts to a different bank. When trying to transfer my money from Marcus savings to my new checking to pay bills, I was flagged and had to call to have them unflagged me. They then informed me that accounts are only allowed to transfer money back into the account the funding came from. They said there was no written time frame, it’s just “their discretion” on when to allow someone to transfer outside to another account or not. Just something annoying to be aware of.

[@metaniobetbi]

You now have me seriously considering SoFi. Solid video, keep pumping them out!

[@KrishnaPatel-zy9eh]

I love mine!

[@cupidok2768]

did you get the300 dollar bonus? is it within 25 days or direct deposit until the end date?

[@PerfectStrainzzz]

@@cupidok2768according to my understanding after reading the terms and conditions. Which is on their website almost all the way towards the end. The 25 days start counting as soon as there is the first direct deposit activity on the account. Essentially should mean the clock starts after your first direct deposit hits. So if you total $5000 in 25 days you earn the $300 anything less should be $50 which is still nice.

[@factsmatter1172]

​@@cupidok2768w/in the 25 day window.

[@AjeetSingh-vy3xo]

Thanks for video

[@julissalabastida]

These are the type of videos we need for everyone to watch :) thank you for sharing

[@madisongeorge4923]

Does the 25 days start the day that I sign up for the account?

[@dimitri2415]

One thing that seems to be neglected is the CD rates as Bank of America and offer banks can offer something like 5% for 7 months as the FED rate is expected to change afterwards. I understand that large banks force customers to lock their money but offer better rates if you are willing to do so.

[@Daniel_Braun]

Yeah for people that are looking for a slightly higher rate, then CDs can be a good options as well. Those are mostly for people who don't mind locking their money up though - so these HYSAs in this video are meant for things like emergency funds and other cash that people want to hold on hand with easy and quick access to, while still earning a competitive rate 👍 Thanks for the comment about CDs!

[@tylerpilkenton1803]

@@Daniel_Braunwould you mind doing a separate video taking about those CD accounts and educate us?

[@GalaxyNexus1]

Not really better if you have a high yield savings account with daily compounding interest and you are continuing to contribute more money to it weekly.

[@sjg6158]

Thanks for this Dan. Happy New Yr.

[@Daniel_Braun]

Thank as always for watching Scott! Happy New Year to you as well - wishing you the best in 2024!

[@jahuey77]

So how much can these rates change on "average"? Could you see something where the rate drops from 4.5% to 2%? Or would it be smaller changes. Like how volatile is the rate? I tried to find the history of the rates for Ally Bank since I'm interested in them, but i can't quite find anything.

[@markdavis4056]

I’ve had an Ally savings account for years. The rate changes with the Fed rate. When the Fed rate was almost zero, Ally’s rate was somewhere around 1%, if memory serves. As the Fed started raising rates, so did Ally. They also make it very easy to move money to other banks and brokerages, which is very important for an online bank.

[@dangerpablo1]

Im self employed, so i get paid through Square, then the money goes to the bank account i designate. Will this work as a direct deposit to get my 4.60% with the SOFI account?

[@authoyhaque2634]

can you please share your thoughts on the CIT Bank's high yield savings account?

[@wompwompu]

Hello! Currently thinking of opening up a high yield savings account. I’m thinking about Ally, Marcus, or Wealthfront. Should I open an account with all 3? Or what do you think is better? I really need help thanks for any advice 🙏🏼

[@RobertoWhyyoucare]

May I ask why the Acorns Mighty Oak Card's HYSA and Checking Account aren't listed here? They yield 5% APY and 3% APY, respectively, along with the other benefits of Acorns like FDIC insurance, early payday, investing, etc. My guess is the monthly fee? Even if it can be waived via direct deposits, I can see why it would be a sticking point if you're not willing to change the account you get your direct deposits to.

[@ceciliabeatrizmicelli6263]

Can I use Sofi to get airbnb payment? And use to get the bonus?

[@Tonescarp]

With direct deposit, SoFi also can automatically move money from savings to checking with no overdraft fee. So you can utilize the 4.6% savings APY without needing to keep money in checking only earning 0.5% APY.

[@boodles07]

It needs to be $1000 or more. This is exactly what I do!

[@user-xv3yq4ix3i]

⁠​⁠​⁠​⁠@@boodles07 $1000 or more in what?

[@s3rg1o.3x3]

@@boodles07you mean you need to keep atleast 1k in checking and then move the rest?

[@sukhdeepsingh305]

Hey I want to open a sofi account, but what if in that 25 day period my direct deposit isn't up to 1000??

[@MrCsalas14]

How much would you pay taxes if you go with Sofi or Amex?

[@EuniceBravoBienesyRaices]

Hi Daniel! I would like to know your opinion of Wealthfront?

[@MarcTonis]

For the Sofi Account do you need to continuously receive direct deposits or if at some point you stop working can you continue to earn that 4.65% rate on your savings?

[@derekwendel9026]

The rate drops to 1.2% if you don’t have direct deposit or a manual deposit of at least $5000 in any 30 day evaluation period (as of January 15 2024)

[@AyjayAlleyway]

@@derekwendel9026 that’s trash

[@unknowndriver6652]

How much money its safe to invest on cds in case the bank collapse?

[@drewschwitters2149]

Just to confirm, are you saying the you can only get that 4.6% if you do direct deposit?

[@bradbrowne4987]

Any thought on M1 finance high yield savings cash account? 5% apy

[@Bangpaulxu]

Perfect timing! Thanksssssss

[@Daniel_Braun]

Love to hear that, thanks for watching!

[@Keithant85]

If I currently have a savings account with Capitol One, that has a much lower rate, would you recommend switching to this high yield account and close my current one?

[@Daniel_Braun]

Definitely! Give them a call or see if they can switch you to their 360 Performance Savings account like the one in this video! Make sure you're getting the best rate on whatever High Yield Savings Account you're using 👍

[@kaylaking7510]

which bank would you say is the best for sending money internationally ? im really just looking for a bank that i can store my money in while i work in USA and send to my personal bank in my home country

[@marcosmunoz7947]

Hi Daniel, I opened an Amex Platinum last year without knowing about the stipulation that I can’t get the Amex gold sign on bonus, since I did the Plat first. Is there any way around this that you know of? - I know this is HYS related, but wanted to ask anyways, thank you

[@Daniel_Braun]

Hey Marcos! So unfortunately I don't think there's any way around this because this was a change that Amex made without any prior warning. If the Amex Gold card is better for your then you can either apply without the sign up bonus, or you can product change the Platinum down to the Gold card. Definitely frustrating that Amex put that rule in place now

[@EthanPatrick_CreditCards]

Definitely important to pick a bank that’s been around for a while since the whole point of savings accounts is to be low-risk. I’ve noticed that sometimes the higher the interest rate accounts, offer much worse service, such as no debit cards, big overdraft fees, maximum interest earning limits, etc. These accounts hit a nice sweet spot with high rates, good features and good institutions. Great options Daniel!

[@Daniel_Braun]

Definitely agree with you Ethan! Lots of great options out there, but it's important to find a balance between good rates, no fees, a good reputation, and features. Thanks as always for watching!

[@arctic4044]

doesnt really matter if its fdic insured and you have under 250k with them

[@austinbailey5322]

I feel the same way. I’m having a difficult time deciding between AMEX or Capital One

[@AyjayAlleyway]

@@arctic4044 Sofi insures 2 million

[@GalaxyNexus1]

Why is CIT missing from your list?

[@bsperoz]

What about Raisin? Granted I'm leaving them for Milli now, but their 5.32 APY (Close to Milli's 5.5) was phenomenal this past year (And yes, they only use FDIC banks)

[@masoumehnazemi8972]

what about PNC bank ? Do u recommond it for saving account??

[@JepoyIgana]

Can you withdraw money from your HYSA anytime you need to?

[@richhartman7991]

Could you do a video on how to actually find good deals on hotels or airfare. Like it’s cool to see your examples but when I check myself, the reward point value + tax matches up to the cash value a lot of times. Even when I look 9-12 months in advance. I was wondering if there was a method you use to find these great CPP trips or if it’s just like extensive research with the try, check, and revise method. Like for myself I want to travel the entire world so I’m not too picky with location right now because I haven’t been many places. So I would like to go to the places that offer great CPP value when I book but I’m really struggling to find these deals you seem to find easily. I’m in NY so I feel like it shouldn’t be that difficult. Is it certain airlines that give the best CPP or certain transfer path? I know this has nothing to do with this video either I would just like to see you explain in more detail how to find good deals

[@Daniel_Braun]

I've got videos coming out for each major credit card points currency! Each video will have all options and plenty of examples with some tools that I use to make searching for award availability each to find the best deals 👍

[@RayRiv73]

No mention on Capital One CDs?

[@kanasworld14]

And I still don’t know which one to pick so many good options. -.- I like Sofi but I kinda want to Amex or Marcus. Ahhhh what if I want try a CD at some point

[@kingpatsack]

Hey Daniel, which hysa do you prefer and use yourself? I know each mentioned is great but I always have trouble trying to decide which to use. Thanks!

[@Daniel_Braun]

Personally I’ve been using SoFi for the past 3 years! It’s been great and it’s my favorite out of all of these 👍

[@kingpatsack]

@@Daniel_Braun any preference on one that doesn't make you open a checking account?? Thanks for the quick response!

[@Daniel_Braun]

Outside of SoFi I’d probably pick either Ally or Capital One - but honestly ever account in this video is great from trying them out over the years. So I think you can’t go wrong with any!

[@kingpatsack]

@@Daniel_Braun thoughts on Upgrade? I have a friend that uses it and its 5.07% and fdic insured up to 250k

[@meganmotta898]

what’s your take on the Apple savings account! ranked along the ones in your video:)

[@Angel1997Sponge]

Just a question, once I sign up my monthly payroll to sofi (which happens every 15 days), do sofi automatically changes my 1.20% APY into 4% since I have like $200 in my savings account in sofi righnt now.

[@mitchellliston9358]

Yes, once your first direct deposit hits

[@jonathanwilliams3240]

I've been using Bread Savings, currently 5.02% FDIC insured and no minimum.

[@Daniel_Braun]

Definitely a very competitive rate! There's a lot of great HYSAs out there!

[@keitho9066]

Look up Tab Bank in Utah. Usually has rates higher than all of these and is still FDIC insured. Smaller bank but great rates.

[@ZLinkElite]

Wells Fargo is paying 4.6% on savings with $10,000 until the end of February

[@hp5469]

Im a little late, but Marcus has a referral bonus too. Extra 1% for 3 months for the referred and the referee. You can do this 5 times a year. So if you know someone with a Marcus account have them refer you before you open a new account. Then you and them both get 5.5% for 3 months.

[@peterramos2090]

You got a referral code, I’ll use it as I’m about to open savings and was considering them before I saw this anyways

[@chloeag6178]

I’m a college student, which would fit best for me now? It’s hard picking one lol

[@IrvinTimeBW]

Right now, I'm using the PayPal savings, at 4.30% APY I believe, and using it with my PayPal Cashback credit card... Thinking about making changing but, it's it worth the change? I don't know....

[@scottparks9690]

I got 5.3% thru 6/30/24 at Ivy Bank. We will see what the rate is after that. But, good start (and FDIC insured).

[@lopezjohann]

Really needed this video right now. I got Chase sending targeted promos for opening a savings account with them and was tempted. Now I'm more educated on who to go with.

[@darkooga]

Its worth it for the bonus then close it 6 months later

[@Daniel_Braun]

Thanks for watching! These are some great options for HYSAs over the traditional banks

[@juliegreb6859]

CIT platinum savings account is at 5.05%

[@Deliverydragon]

Who ? Haha

[@joana_124]

So to clarify and make sure I get this right. Sofi is a solid choice for the everyday user, can be used at ATMS w maybe no fee. But to receive its benefits to the fullest I should have direct deposits of 5000$, so would my tax refund qualify as a deposit? And can I use the checking account as like my Wells Fargo debit card? Outside of this video, why do I hear to not use debit cards? I’m new to the savings/fiances world 😅 if my questions make sense I appreciate ur help then ty ✨🦅

[@alexismassenburg7514]

I’m new too! Credit cards give you cash back or rewards and build good credit. It’s only good if you pay it in full, don’t spend more than you can afford, and also actually redeem the rewards. I use a credit card for everything and get a lot of money back. Sometimes $40 a month with a basic credit card. Definitely look into it more!

[@carloshidalgo3298]

How can I deposit into one of those accounts if were I live is a small town without any of those banks?

[@MigsMecca]

Torn between sofi and capitol one 🤔. My first HYA so I’m trying to make the right choice

[@7Oiram]

I'd say Capital One. I think it's important to have a physical bank to go to if needed

[@MigsMecca]

@@7Oiram yea I agree, Will be opening one up soon!

[@Daniel_Braun]

Both are great! Capital One is definitely good if you need some of those in persona banking options which makes them unique for this video. SoFi has more features, high rate, and better interface - but you can't go wrong with either 👍

[@MigsMecca]

@@Daniel_Braun great! Thanks for the additional information!

[@MarcoDior]

I have a credit card with capital one already but only that, I was wondering the same, if I should open a 360 savings with them or go with SoFi!

[@wallys7016]

So you’re saying with SoFi if you don’t have direct deposit then you don’t get the 4.5 or whatever the rate was?

[@lionelh7217]

so if I put all of my money into a whys instead of us bank, should I just terminate my us bank account? Im thinking about using ally banking

[@tsizzle]

Are the interest yields subjected to tax (federal and state)?

[@sebastianalmonte31]

What do you think about CIT Bank?

[@LeviThomass]

Little bit off topic of the Savings Account video but are you able to apply for a new credit card that has a very easily obtainable sign on bonus and then after you get the bonus, take advantage of it/use it, cancel the card? Or will there be any repercussions to that? Should I wait until closer to the 1 year mark?

[@diegomontero6851]

look up credit card churning

[@Daniel_Braun]

You will usually have to wait until 1 year has passed before closing a card after getting the sign up bonus

[@LeviThomass]

@@Daniel_Braunthat is sort an what I gathered from my research as well so I appreciate the response! Would you recommend canceling shortly before the annual fee renews or right after the 1 year mark? Assuming the card even has an annual fee that is

[@Daniel_Braun]

I would wait until shortly after the annual fee posts and then contact customer service. They can always cancel the annual fee if you’re closing the account after weighing your options!

[@jetski335]

😊 Savings are a great way to start the year!

[@Daniel_Braun]

Absolutely! Always good to start the year with some savings 👍

[@ryants1]

I have Amex at 4.35% and it’s great, but why not Fidelity at 5.21%? Both are no lock. I’m looking to move unless there’s something I don’t know about.

[@colton7410]

Fidelity has savings accounts?

[@goinfastwithfrank]

Wells fargo offers 4.5 apy right now for 12 months with a 10k deposit or more. Branch locations in every town

[@whitneytravels]

Sooooo excited! I’m starting mine tonight

[@Daniel_Braun]

Love to hear that! Thanks for watching 👍

[@munnivenkani7904]

How about BMO alto?

[@cherrypop4675]

Apple GS savings just upped to 4.35% as of yesterday

[@Daniel_Braun]

Another good account and good rate for people that use the Apple Card!

[@notapie-ro8186]

Is it annual interest or monthly interest?

[@heavenjs8388]

I use CIT bank with APY of 5.06 right now.

[@sindhujalr]

Great video. But a lot of these options cater to citizens and residents. Can you also (if possible) make a video that could help resident and non-resident aliens to find suitable HYSA? Thanks in advance

[@sangeethas4680]

I use AMEX HYSA and it has been good.