The 7 Best High Yield Savings Accounts of 2025

[@rabbitdubzzzyt]

I bank with cap 1 and I’ve been extremely pleased with it. Have 2 savings accounts, one for personal savings and another for vacations. Super solid

[@Daniel_Braun]

Nice, glad to hear it! Yeah I've used them for different savings purposes and I like how simple it is

[@rabbitdubzzzyt]

@ love your content bro. 👍🏼

[@Daniel_Braun]

Thank you!

[@ZipLineFine]

Cap One is crap. Horrible ID verification protocol. NEVER use CRAP One bank..

[@samswagg4]

Just switched over to SoFi and it’s been perfect

[@Daniel_Braun]

Love to hear that! It's been great for me as well for several years now 👍

[@Knives6Nine]

Same! I switched mid November and i received my 300$ bonus like 2 weeks ago 😮 which I had no idea was even a promo 😅 so it was a nice surprised

[@dieggarciaf6469]

U need make more than 5k per month to get the 300 bonus right?

[@Knives6Nine]

@dieggarciaf6469 5k in a 25 day period, which is roughly enough time for 3 weekly paychecks. I personally got lucky that I worked overtime and got my Christmas bonus early during those 25 days and made just over 5k within the time period and got my 300 like a week after the 25th day

[@WaitingForBudd]

@@dieggarciaf6469$5k/mo deposited into their checking to get the $300 and rate bump for hysa I believe

[@Hosk17]

I use sofi savings as my primary account (even paying bills) and it's amazing. Not having an HYSA is just losing money lol

[@Daniel_Braun]

Nice! Yeah I've loved using SoFi as well. And agreed - having a good HYSA is a must!

[@rusty935]

brother just put it in the money market instead. real investment and savings knowledge is knowing that snsxx is the best form of savings account as there is no state tax on interest and has a higher interest rate than any of these HYSA😊

[@TripleAM19]

I have CIT Bank. It was 5.0% last year when I signed up but it decreased to 4.29% now. I'm considering the Lending Club now with 4.75% so thanks for the info!

[@MrAmericanForce]

Lending club is great but the rate has now dropped to 3.75%

[@AT-cm6xp]

Love CIT i will still take the rate!

[@vitiligoboi]

2:23 The only downside with SoFi is that you have to have either a DD or 5k a month coming in to keep that high APY. Where as Capital One has no catch to earn your high APY

[@FactStorm]

Yes, that's the caveat.BUT if someone can afford to make the deposits and stay on track then they're only gonna gain from it..otherwise, for the sake of simplicity and little obligation, then Capital One 360 is great

[@vitiligoboi]

@FactStorm oh absolutely, but it should be mentioned and people need to be upfront because if you end up in a position where plans change in your life (i.e no job) then those benefits are gone within the following month and you aren't earning anything on your money. Also one small thing I couldn't stand with SoFi is that you have to manually change the reoccurring deposits if your paydays change, whereas Capital One gives me an option on the web to set up monthly, weekly, quarterly, or biweekly deposits into savings accounts.

[@Daniel_Braun]

Actually, that's not true at all and a common myth that I think SoFi needs to do a better job of explaining in their marketing! Per SoFi's terms on their website, "There is no minimum Direct Deposit amount required to qualify for the stated interest rate." (meaning 4.00% APY). The $5,000 transfer amount is to qualify for the full $300 bonus, but after that you only need any direct deposit activity to qualify for the higher rate 👍

[@apadgettski]

That’s what OP is saying; you need DD OR $5k/mo to get the high APR. Basically they really want to be your primary account which is cool but isn’t a simple as other competitors

[@Daniel_Braun]

@@apadgettski I misread “DD or 5k” as “DD of 5k” - but yeah either one of those will work for the higher rate 👍

[@dooley_walker9046]

My favorites are Ally, Marcus, and Synchrony. Their rates haven't been the highest but consistent. The main reason is that when the Fed lowered the rates to zero, neither one of these banks lowered the rates below .50%.

[@ConnyProvost]

oh wow really? I bank with Vanguard do you think it's cool to bank with Ally?

[@williamalverio9294]

I’ve been waiting for you to do a HYSA video. 😍😍 thank you!!

[@Daniel_Braun]

Thanks for watching William! Yeah always gotta do an updated version of this video at the start of the new year

[@jwm2532]

Added benefit with AmEx is that you get a boost if you have the platinum card so APY is currently at 4.05% vs typical 3.80%

[@stevenj2666]

Barclays HYSA is 4.0%. Excellent customer service and easy transfers.

[@Daniel_Braun]

Another competitive account that could be included here! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@stevenj2666]

@@Daniel_Braun I do, but now they have started a new "tiered savings" account that is 4.35% up to 250k, which beats their CD rates. Not sure how long this will last...

[@LyonWay]

At the end of the day, most banks will offer pretty similar benefits / rates according to the fed rate. Always been a fan of discover, had my first cc there and they’ve always been super nice, no problems over the years so i happily bank with them. Most ppl are busy comparing this rate to that one that’s 0.05% more, as long as it’s simple and you can sleep at night knowing your money is with them, that’s probably the best choice for you.

[@Daniel_Braun]

Couldn't agree with this more! Pick a good bank with useful features and a competitive rate - then call it a day. Thanks for the comment!

[@logan1769]

Agreed! I have loved discover, only reason I am leaving for Sofi just for better features now that I have become more interested in moving my money around and their “vaults” feature. It pains me to leave discover because of how helpful they are but the simplicity has become the pain point for me.

[@FatStacksAcademy]

Awesome list Daniel! The capital one savings also has up to a $1500 bonus for new customers right now

[@rubenfabela9285]

ONLY if you deposit $100,000 or more. $750 bonus if you deposit $50,000 or more and $300 if you deposit $20,000 or more 💯

[@FatStacksAcademy]

@ that’s right!

[@TNunez17]

Is there a code for this to apply? I don’t see this $1,500 bonus.

[@Daniel_Braun]

Thank you! And good to know about! I didn't see anything on Capital One's website when I was making this video, but I know that they do sometimes run different offers so there's probably something out there. I think I got a $300 bonus when I signed up like 4 or 5 years ago for their savings account

[@Lexusupra]

Where do you see that bonus?

[@glatt1817]

One reason one might consider Ally Bank is that their Money Market accounts are the same percentage as the HYSA, so you don't have to suffer for a lower APY just because you want check writing & ATM privileges for the account (it's a question of whether you want to set up buckets or not though).

[@Daniel_Braun]

A good option to know about as an alternative - thanks for commenting about that! I'll definitely have to mention that in future videos 👍

[@Masterchroma]

You should do an updated video for us college students and what credit card we should use for renting, school items, traveling from college to and from home, etc

[@mcdielwuotto7864]

I second this !

[@rasheedmiller6932]

I third this

[@FactStorm]

Young people with little credit history and likely having debt should always minimize costs, so get an intro credit card that gives you 1.5-2% back on purchases, and if you have a card, there are credit cards that offer good mileage points. An "all-rounder" card would be fit from my experience. Let's put it this way, I don't expect your average college student who is let's say 21 year old to have an Amex Gold card which incurs a high annual fee.

[@Daniel_Braun]

I definitely need to make an updated credit card video for college students! I'll add that to my video list 👍

[@FernandoRomero-dl8en]

I love your videos! Would it be possible that you can make a video on Roth IRA’s?? I have been wanting to get more info on them and I feel like you would kill a video like that!

[@Daniel_Braun]

Thanks Fernando! Yeah I definitely want to make a video about that or talk about how I use a Roth IRA in my own personal finance plan!

[@Bkrunz]

Or back door iras​@@Daniel_Braun

[@hidden-expose]

Been with Ally for over a decade. Great bank all around.

[@ConnyProvost]

can I bank with Ally? don't delte this comment pls

[@JonathanRamirez-ut8mi]

I enjoy the content your realeasing. As a young adult trying to beceome more familiar with finaicial literacy.

[@Daniel_Braun]

Love to hear that! Thanks for watching Jonathan

[@hecto_del_angel]

Switched over to Sofi when it was 4.5% in just a few months went down to 4.0% it’s still higher than the others

[@ndeeeed]

By any chance, can you make a video about credit unions now? I understand they’re usually specific to an area but the ones that are available throughout the nation?

[@Daniel_Braun]

Yeah I can look into making a video on something like that!

[@kalex7370]

I swear Marcus is fast to drop its rates with regards to fed rate cuts and it was lower in comparison with the rest before the rate cuts. What they got going for them is that they are established and unlikely to fail

[@konkola3295]

I recently made my first HYSA with SoFi and already made some interest for the month! Super cool to see as a noobie :p

[@Daniel_Braun]

Love to hear that! Yeah it's a game changer when you get that first interest payment!

[@densnow4816]

Thanks so much. Moved much of my Cap One accounts into 360. Also have Vanguard and happy since new saving account is FDIC insured with still high rate, whereas settlement fund I had previously been using gets slightly higher % but no FDIC.

[@Daniel_Braun]

Nice - Capital One 360 Savings is great! Thanks for watching 👍

[@WealthyChronicle]

Who else is tired of banks barely paying anything on savings? I’m switching to Sofi, especially with that 4% interest! 🚀

[@Daniel_Braun]

SoFi is definitely a great choice!

[@dantedullas6578]

Needed this video!

[@Daniel_Braun]

Thanks for watching Dante!

[@auto_acid2970]

Does anyone know what is the minimum for the DD for Keeping benefits on Sofi??

[@Daniel_Braun]

No minimum direct deposit to get 4.00% APY plus benefits with SoFi! All that is required is some direct deposit activity and per SoFi's terms on their website, "There is no minimum Direct Deposit amount required to qualify for the stated interest rate." Hope that helps!

[@Dechfb6281]

What about the brand new saving account in US, Openbank by Santander, with 4.75 APY?

[@edwizard62]

I bank with Everbank, savings is at 4.40% from 5.15% 6 months ago.

[@Daniel_Braun]

Nice, yeah that's another bank that pays a decent rate vs the competition. All banks are down unfortunately which is why I had to put that disclaimer at the beginning of this one. 4.40% is still really great 👍

[@FactStorm]

Feds dropped the rates recently, that's why. APY is always subject to change so shopping around occasionally is crucial. Weigh out your benefits, value and potential costs then go from there.

[@dtsang508]

Another awesome video Daniel!

[@Daniel_Braun]

Thanks Denny, appreciate it and glad you liked the video!

[@jacklandry9832]

Anyone have any opinions on the fidelity cash management account instead of a HYSA? I do everything else thru fidelity

[@MitchellHiebert]

Happy new year man! I know this will be a super helpful video considering I actually switched over to Sofi after watching one of your previous hysa videos in the past and it was a big benefit to my overall personal finances. So thank you for making such quality content!

[@Daniel_Braun]

Happy New Year Mitchell - love to hear that you switched over to SoFi from that! Always appreciate the support man - wishing your channel the best in 2025, keep pushing it because 1K subs is coming soon!

[@MitchellHiebert]

@@Daniel_Braun Gonna keep pushing, appreciate your support!

[@melodyvalladolid520]

Is there a minimum recurring deposit with SoFi?

[@acfresh7375]

Love your videos man! Keep up the good work, and looking forward to learning new things from you this year 🎉

[@Daniel_Braun]

Thanks Alex, much appreciated! I've got lots of good content planned for 2025 🔥

[@Bangpaulxu]

Happy new year and keep these amazing videos coming!!!! Always learn so much from ya!❤❤❤

[@Daniel_Braun]

Happy New Year to you as well! Thanks for always stopping by to watch and show support - always much appreciated!!

[@druiz012]

Im actually thinking of switching to Sofi from Vio Bank.

[@Daniel_Braun]

Vio bank seems to be another decent one - any reason for moving away from SoFi because I'm always curious!

[@dbest4755]

Hi Daniel, I appreciate all the tutorials and insights you provided on credit cards for 2024. I'm looking forward to learning even more from you in 2025.

[@jetski335]

Timely video! Thank you😊

[@Daniel_Braun]

Thanks for watching - glad you liked it!

[@HelloGeneral]

I'm curious if there is a bank you would recommend for parents who want to create custodial accounts. Do any of these banks offer HYSAs for children?

[@andrewkinger1]

I use Marcus because they have no restriction of number of transactions. Didn’t realize this was not the norm but I have everything flow in and out of my savings account, not a checking.

[@Daniel_Braun]

Yeah that's a pretty good feature if you're using your savings account for many transactions like that! I like to having my separate checking account for that which I then move money over to savings from - but there's always different setups that work well like you have!

[@tm70254]

Great video, I love Sofi! I switched over after one of your videos on it last summer. I recently did a member interview with them and it was a cool experience. I definitely gave you a shout out when they asked how I learned about them 😅

[@Daniel_Braun]

Thanks for watching Tom - and that's awesome, thanks for the shoutout for that! What exactly was this member interview? Sounds interesting!

[@tm70254]

@Daniel_Braun they were performing a research study. They sent out an email at the end of October asking for participants and offered a $75 gift card for those who were selected. The interview process took about an hour and was really interesting. They included a group of employees across multiple departments as the interviewers, a mediator from their research department, and myself. I liked the format because it felt less scripted and staff from different product lines/departments were able to gain insight on how us as individual customers interacted with their products.

[@Daniel_Braun]

Wow very cool and good to see that SoFi is really trying to get a good understanding of how we use their products!

[@L0J0]

PNC is also pretty nice. Currently 3.95% APY for savings. Also really good for students with no fees, ATM access, and physical branches. App is not as good as some of the banks you mentioned here though.

[@Daniel_Braun]

Yeah PNC is another one that is pretty good regionally for a lot of people. I know they had a huge presence at Penn State when I went there!

[@TheGoodOldNas]

I wonder how Discover will be once Capital One acquires them.

[@Daniel_Braun]

Yeah I'm curious about this as well!

[@vince8436]

I have added a new CC to my group. I feel I will end up dropping Discover when Capitol One takes over.

[@forabis]

thank you!! you’re the best !!!!!!

[@caribdude8151]

Thank you Sir! Happy New Year! 😊

[@Daniel_Braun]

Thanks for watching and Happy New Year to you as well!

[@zezoksaxxx]

In Saudi you can get up to 6% and the checking account up to 4.30 % NOTE : the saudi currency is connected to the Us dollar

[@sentientcollective]

Hi I have a question. I opened a sofi account after watching your video and am wondering if I need to move funds in the sofi checkings account to my savings account within sofi to get the 4.00 APY? Would I still be collecting the 4.5 APY if I were to just keep the funds in the checking account? I read that they operate as one account, so I was curious. Love your videos - thank you.

[@Daniel_Braun]

Glad to hear that you opened a SoFi account after watching! Good question - so if you want to earn that higher 4.00% rate then you need to move your money to the savings account. Money held in the checking account will earn 0.50%. You can easily move money between the 2 accounts instantly, but yeah make sure that you hold the majority of your cash in that savings account for the higher rate 👍

[@alexysadams5302]

which account would recommend for HYSA newbie just trying to tackle credit card debt and student debt?

[@StokesIsStoked]

Question about SoFi, I read they charge fees on cash deposits. I’m assuming you’re not using cash very often?

[@Daniel_Braun]

I personally don't deposit cash with SoFi because I rarely have to do that lately. I have accounts with other banks with branch locations for those purposes, so might be better to look at for your checking needs if that's important for you!

[@StokesIsStoked]

@ Thank you! I appreciate the response. Currently have a great rate with a Credit union, but Sofi might be my bank of the future down the road. Appreciate all your content!

[@BriO9555]

What's your opinion on Barclay's high yield savings accounts?

[@Daniel_Braun]

Another competitive account that could be included here! Nothing wrong with it, but these accounts were my favorite and the favorite of my audience from making bank account videos on this channel

[@ExpIoid]

Fyi, to qualify for the 4% with SoFi, I don't believe there is a minimum amount you need direct deposited. I literally have 1% of each paycheck DD'd to Sofi and qualify for the high percentage.

[@unic.3041]

Agree! AMEX has always excelled at customer service. Thanks for this great video!

[@chachagirl4041]

I love Bask Bank account getting 2 miles per $1 invested. It will be interesting to see what valuation gets put on the miles we earned for tax purposes. I understand it’s very low but I want my own data point to be sure. I can get a lot of value with AA miles. Great video.

[@timeisnow33]

Hi, Dan. Would you know of any hysa accounts that offer sub accounts or buckets besides Ally?

[@Daniel_Braun]

@@timeisnow33 SoFi is a great one for that like I mentioned! Their vaults feature is something that I personally love using 👍 You can also create multiple Capital One 360 Savings accounts

[@Genx.WRKG68]

Thanks! Q: I put money into a HYSA 6 months ago that had a great introductory rate. Of course the rate dropped a bunch due to the Fed rate changes, but I noticed my rate dropped more than I expected. I called today and asked their customer service person how long is a new customer considered to fall into the new account vs existing account and she did not know. So, I thought I would ask what is a normal length of time. My bank is still giving 4%, and I only care about a having a secure place I can drop cash into for this purpose.

[@Daniel_Braun]

4% is still really good and at the top of what the competition offers! I would say that "new customer" is probably defined by whatever their terms say, so I would look at their website for that info. What bank was this with?

[@Genx.WRKG68]

@@Daniel_Braun Everbank. Thanks for the reply. It seems like I was only a new customer for 3 months. Maybe I missed it, but I expected longer.

[@Latino_scholar]

Fantastic job with this video! Albeit, I noticed that you did not mention the Apple Savings Account at all, any reason why that is?

[@Daniel_Braun]

Thanks! And I mentioned it when I talked about Marcus from Goldman Sachs in the middle of the video 👍

[@a1exsand]

BMO alto. Amazing APY. 4.3% currently

[@Daniel_Braun]

Another competitive account that could be included here! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@a1exsand]

@Daniel_Braun I have used BMO Alto for 1 year 6 months. It's great so far. APY when I opened was 5.3% so it came down a bit but so did everyone else. I recommend it to everyone, even opened one for my mom to increase her savings.

[@dirtdog619]

no synchrony bank ? they currently offer 4.10%.

[@Daniel_Braun]

Another competitive account, but I've heard that there's not so great customer service. I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@Jose-br9lq]

I've had this account since 2018, and it's great. I've had no problems with it. Every month a deposit is going in from them.

[@aprilbeilfuss3751]

Does capital one have a bucket feature?

[@kloverend]

FYI: CIT bank is the only HYSA that offers Custodial Accounts for minor children. 4.35% APY.

[@Daniel_Braun]

Very good to know! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@kloverend]

@@Daniel_Braun I just found it this week. I will report back. So far it was easy to sign up online and complete transfers w/n a day!

[@kloverend]

@@Daniel_Braun I discovered it this week while researching for the HYSA accounts for children. Other banks advertise HYSA for custodial but either a. it was not easy to sign-up online or b. it was not really a high-yield account. So far, so good! East to setup and transfer was seamless.

[@hergandbiskell1546]

Newtek Bank is offering 4.70% for an FDIC insured savings account with no restrictions as of 01-03-2025

[@Daniel_Braun]

Thanks for letting me know about this account as well! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@hergandbiskell1546]

@@Daniel_BraunNo, I just made a note while looking around recently. Looking forward to seeing the list!

[@RedX165]

I feel that's sketchy. Maybe its just me.

[@EthanCowlbeck]

I’ve used PayPal for a couple of years now. Was 4.3% when I opened it, currently yields 4.1%

[@Spe3tre-001]

What’s your opinion on the fidelity credit card winning the “#1 Credit Card for Overall Cash Back” award for the 2nd year in a row.

[@MrsPamB]

That’s interesting news! I’ve been looking into their credit card since I got an offer in the mail from them yesterday. They are offering a $150 sign up bonus

[@eltigre5469]

If you have the means it’s highly recommended to have multiple accounts including a local walk-in credit union. You can give yourself all the benefits you want as well as having options if you wake up one day and your bank has been hacked or closed or whatever. I was kinda shocked to hear how many people kept all their money in yotta and also that a 3rd party exchange wasn’t covered with FDIC and probably still isn’t as the do nothing govt hasn’t had time to address real problems.

[@ElHolyBoy]

What about PAYPAL'S HY savings account? Thoughts?

[@Daniel_Braun]

Works fine as well, but would fit under cash management accounts like the other honorable mentions. Although I like PayPal a lot less now after their recent scandal with the browser extension called Honey that they own

[@eltigre5469]

Seems like PayPal is always embroiled in some useless scandal. I only use them to earn me money and NOTHING else.

[@hern-44]

I have a question for you Daniel or anyone who wants to chime in: when paying bills/rent/mortgage, do you use credit cards to pay that or do you have it linked to checking/savings?

[@reneecopeland1095]

Thank you.

[@Daniel_Braun]

Thanks for watching!

[@BrockAAnderson]

Plus with direct deposit for SoFi, you can do any amount. So I do $100 and then can use the rest of my direct deposit to attack bank bonuses

[@Andr3wco7]

I agree. SoFi best bank.

[@ThatGuysGuitars]

OpenDoor by Santander 4.75%

[@Bunnyacj]

Capital one also has a 200-dollar welcome bonus :)

[@glennzannotti7054]

What are your thoughts on ZYNLO Bank offering a 5% savings and money market accounts?

[@TripleAM19]

Thanks for this find! I'll check ZYNLO out.

[@AndriiSobianin]

Pibank is giving 5.0 and fdic insured. Just online bank

[@Daniel_Braun]

Thanks for letting me know about this account as well! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@Sa-ep5xb]

Thought on wealthfront?

[@Daniel_Braun]

Mentioned at the end of this video as an honorable mention!

[@Brownie.-]

I switched to sofi because i wanted a mastercsrd also.

[@ow5966]

American Express customer service is the best hands down no questions no comparisons!

[@Daniel_Braun]

It's always been very good for me - and I like their chat feature for quick fixes!

[@disuba]

Crazy low! In Mexico we have up to 14% yearly yield in new banks, and Government bonds have an about 10% yield. Also the fact that US bank don’t let you just transfer money between accounts is so insane.

[@dieggarciaf6469]

U need to make more than 5K per month to get the 300 bonus in Sofi right!

[@Daniel_Braun]

No actually, that's a common myth that I think SoFi needs to do a better job of explaining in their marketing. Per SoFi's terms on their website, "There is no minimum Direct Deposit amount required to qualify for the stated interest rate." (meaning 4.00% APY). The $5,000 transfer amount is to qualify for the full $300 bonus, but after that you only need any direct deposit activity to qualify for the higher rate 👍

[@dieggarciaf6469]

@ thats what im saying… the 300 bonus is with the 5K transfer…

[@Daniel_Braun]

@@dieggarciaf6469 Ahhh sorry about that, I misread that you were talking about the $300 bonus! Yeah so on SoFi's website, their terms of that offer say, "The Direct Deposit Bonus Period begins when SoFi receives a Direct Deposit of $1 or more within the Promotion Period and ends 25 calendar days later" And then it says that you need $5,000 of deposits or more within that 25 day period after your first direct deposit is initiated to get the $300 bonus. So it's not a "per month" thing, but just $5,000 of direct deposits within 25 days to get that full bonus. Hopefully that clarifies it. Here's the page and the terms are at the bottom: danielbraun.me/SoFi 👍

[@Deathmaster1112]

Do you have thoughts on M1 Finance?

[@RandomPadestrian]

Western Alliance is currently offering 4.4%. It's definitely on the higher end.

[@MiguelAngel-uh4zl]

To anyone who sees this would it be a good combo if I switched from fifth third to sofi savings and also have discover , Also I have already an account with them but I’m in the middle of

[@miguelt.7997]

Nice Speedy Pro

[@Daniel_Braun]

Very good eye! I love this watch and got it for my wedding - now I like to wear it in videos sometimes as well haha

[@curmudgeonextraordinaire1884]

Amex’s checking account is “strong” 😂

[@Daniel_Braun]

Not a fan of it??

[@ItsOnPaper]

M1 has 4.50% locked for 12 months

[@Daniel_Braun]

Also a pretty good option similar to the honorable mentions that I talked about at the end of this video!

[@tanL22]

I will NEVER deal with a bank that doesn't have a physical location with a person I can talk to. Because when something goes wrong, the person you're directed to in India won't help- ask me how I know!

[@njnikusha]

Same

[@Daniel_Braun]

Fair enough to seek a bank with in person locations - I think that's important for certain situations. But having an online HYSA can be good to have along with an in person bank option as well

[@luxfex]

Zynlo Bank is offering 5%

[@Daniel_Braun]

Thanks for letting me know about this account as well! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@backtoashley]

Yeeeaah American Express keep lowering their APY thoughhhh. 😑

[@tm70254]

It seems like most if not all high yield savings accounts have done this in correlation with the fed rate cuts.

[@Fernando_Tatis_Jr_propaganda]

@@tm70254and yet car APY and mortgage interest rates keep going up… I was offered 7% APY when my score is 810

[@Daniel_Braun]

Interest rates are variable and move pretty closely in line with the Fed adjusting rates - so it's something that every bank/high yield account does over time. But interest rates with HYSAs are relative, so it's all about getting a rate that's better than the national average

[@Alphakillr34]

Bask Bank has a 4.50% savings Checking account has a whole 1.00%

[@Daniel_Braun]

That checking account looks like another really good option, so I think I might have to check it out for myself for future videos!

[@jacksquire607]

Any thoughts on CIT Bank?

[@hnhan1227]

I have been using them for over a year. Their HYSA has been great. However, the only issue I have is adding their account to other external banks. Somehow, other banks are not able to lookup their account #. I call CIT customer service regarding this topic, but they said no one has reported this issue. If I add external banks to CIT's website, then that will work. I have been able to do transfers via this process and also make payments with no issue. So this is my only concern.

[@Daniel_Braun]

Seems fine and offers a good rate, but nothing special to me in term of features which is why these accounts were better in my opinion. They also require a $5,000 minimum for their best rate which I don't like

[@thegod5261]

What about CIT BANK?

[@dharshniramar8086]

I am a beginner looking to start a HYSA and Bask bank's apr looks very alluring. Would you recommend to go with safer and established options like Capital One, Amex or is it alright to trust bask?

[@Daniel_Braun]

Any bank is an actual bank with FDIC insurance should be equally safe because of that feature. Personally I would trust any of those mentioned in this video as my top 7 accounts for that reason - it's really just about personal preference and features at that point. I'd recommend reading reviews and data points on Reddit as well to get a good sense of customer feedback 👍

[@DarriBabyy]

Why not mention JENIUS bank? 4.8% apy

[@ow5966]

A live representative answered the phone immediately which is awesome.

[@Daniel_Braun]

Yeah Amex phone chat is also very good!

[@ow5966]

@Daniel_Braun The checking account customer service is above the credit card side to me.

[@jchinges]

Barclays didn’t make the top ?

[@leoramirez3146]

I love money making money lets go 2025

[@tamarahray6638]

I wish I could save money.. I just dnt make enough.

[@gamerdude789]

Apple Card high yield saving while saving your Daily Cash back from the card is AWESOME.

[@Daniel_Braun]

Pretty good if that automation and simplicity is most important for someone! I just need them to remove the 1% back feature when using the physical card for me to actually recommend the Apple card over other 2% cards

[@gamerdude789]

@ My cash back is automatically deposited in my saving account daily without me doing anything. It’s 2% CB if I use my Apple Pay instead of the physical card and 3% in some stores.

[@MichaelAshe]

Nice

[@Daniel_Braun]

Thanks for watching!

[@NCPolinomial]

SGOV ETF

[@NCPolinomial]

1. Higher yield -- 4.4% as of today 2. Yield exempt from state income tax 3. Highly liquid cash equivalent

[@Daniel_Braun]

Another good alternative to HYSAs are ETFs like this! Different benefits and pros like you said, so I know some people like to use these

[@geoffp1]

Thank you Daniel.

[@Daniel_Braun]

Thanks for watching Geoff!

[@luisserrano863]

Jenius bank 4.8%

[@Daniel_Braun]

Thanks for letting me know about this account as well! I’m looking to compile a list of other high yield savings accounts not on this list that also pay the highest rates. Do you use this account? And if you do then do you think it’s good?

[@luisserrano863]

@Daniel_Braun You're welcome. Yes I've got Sofi as my main account but use Jenius for savings that I don't want to touch and just store and earn interest. I've had it for almost a year and it's been good so far plus they have 24/7 us based phone support

[@mikejames7684]

SoFi was 4.6% a year ago. If it goes below 4.0% I'm leaving.

[@chrisberry7640]

Their APY goes up and down with the Fed's prime rate, which SoFi can't control. If their APY goes below 4% then I guarantee you that every other bank's APY will also be below 4%

[@Daniel_Braun]

Interest rates are variable and move pretty closely in line with the Fed adjusting rates - so it's something that every bank/high yield account does over time. But interest rates with HYSAs are relative, so it's all about getting a rate that's better than the national average. It's not anything that SoFi is doing wrong, it's just the way the market moves naturally

[@yarbjamel6132]

Capital one vx pirotry pass limits 2 now. 😢

[@Daniel_Braun]

Yeah I saw that!