The 6 Best High Yield Bank Accounts of 2023

[@BusinessWithBrian]

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% kzbin.info/www/bejne/Zqi2qYd3rbqJm5Y ♦8 Best Fidelity Index Funds To Buy and Hold Forever: High Growth kzbin.info/www/bejne/rpWopqGjgdebmJY ♦Investment Ladder Strategy with CDs T-Bills and MYGAs kzbin.info/www/bejne/gJDadKluidmhf80 ♦Brokered CDs on Fidelity 2023: How to Buy New and Secondary CDs kzbin.info/www/bejne/oWOTZ4F4mKdknNE

[@Aztecadr]

Vio bank is great!! I love their rates and customer service. No requirements!!

[@Noir85Acutual]

Didn’t she utilize Varo BANK or chime BANK into this query?

[@tuckerpippin6576]

Great video. Clearly unbiased, clear outline of the advantages and disadvantages. This channel will blow up

[@BusinessWithBrian]

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]

I like AMEX. Paying 3.5% with no gotchas. Plus established company which is a real benefit.

[@BusinessWithBrian]

Nice rate. Thanks for the comment.

[@Pineapple-co6fe]

Pay pal is 4%

[@Yinz_Kno_Johnny]

Credit karma is 4.0 now

[@johnmoyers404]

App is almost as secure as a conglomerate such as GE

[@2Rugrats9597]

Charles Schwabs 6mos. 4.9%

[@JPaige-th2we]

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]

Well done. You're making the best of those high rates.

[@johnl9135]

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]

Is the interest paid monthly or yearly?

[@user-cs5bj5jb9r]

Thanks for reading 34 pages! I subbed and liked !

[@BusinessWithBrian]

I appreciate the comment, and recognizing the pain I endured 😀

[@JohnDoe-iv7yu]

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]

Oh, you can get brokered CDs even higher than that. I recently showcase them in this video: kzbin.info/www/bejne/oWOTZ4F4mKdknNE Great feedback about leveraging both CDs and a bank account.

[@fred89pj]

Opened a CD with Capital One at 5% for 11 months

[@BusinessWithBrian]

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: kzbin.info/www/bejne/ooDWamSYbpekaq8

[@emanueltosado4818]

Wow, this is the 1st video i see from this channel, i really like the style and the provided info.. subscribed!!

[@BusinessWithBrian]

Awesome, thank you!

[@swethagunasekar7053]

Brian, Love the tool and details in the spreadsheet. Very helpful.

[@BusinessWithBrian]

Glad you like it! I appreciate the kind note.

[@adaywithaleks6556]

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]

You are so welcome! Thanks for your comment, as it made my day. Glad you're able to get value from the spreadsheet. Brian

[@CabernetKev]

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

[@BusinessWithBrian]

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.

[@Kenna198]

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-be4ow]

What's "CD's" ... And also why did you stay with capital one if other bank are offering 5.05%

[@Kenna198]

@@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.

[@joseCalderon1976]

Good stuff. Subscribed

[@BusinessWithBrian]

Awesome, thank you!

[@tahim30]

Best video and best link I cant thank you enough!!!

[@BusinessWithBrian]

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!

[@bfry38]

I been using Milli bank. It’s 5.25% interest.

[@gingersteveson664]

Me too! Love their jars too.

[@Wesee123]

Thanks Brian! Appreciate the time you took to make the video. Subscribed

[@BusinessWithBrian]

Thanks for the sub!

[@MrSupernova111]

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]

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]

I used to live in New England and I highly recommend DCU. I still bank with them today.

[@MrSupernova111]

@@juliankenzo . I'll keep this in mind if I need change banks again. Thanks for the advice!

[@nelidasilva7388]

Great video, you are the best!

[@BusinessWithBrian]

Wow, thanks! I appreciate you providing the comment. Thank you again

[@kansasmile]

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?

[@blaquopaque]

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.

[@blaquopaque]

"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.

[@fortunino]

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.

[@andresdelacruz1102]

Hi what do you think about Discover Saving account current APY 3.90? Would you recommend switching to wealthfront checking with higher apy?

[@xhesaid5468]

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]

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.

[@MahoneyBadger]

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?

[@nyameyen.4060]

Thanks for the insights. The problem is that taxes consume most of the interest paid every year. How do I resolve this?

[@GetThosePoints]

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.

[@TheAzmountaineer]

Sure glad to see SVB isn't on your list! 😀

[@BusinessWithBrian]

This bank going belly up will cause some anxiety in a broad sense. Not a good outcome. Thanks for the comment

[@mikematthews8806]

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]

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]

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]

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]

@@BusinessWithBrian Thanks for your reply! I will reach out to them directly for more clarification.

[@RyanTTrutza]

What do you think about Varo Bank?

[@alan30189]

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]

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]

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.

[@tcbridges]

PNC banks checking account has a Growth section pays 3.93%

[@BusinessWithBrian]

Thanks for sharing that info!

[@kbsanders]

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?

[@stephaniely1187]

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]

Gosh that is terrifying, I hope everything is well..

[@Dilly_Dil1y]

How about capital ones 360 savings? Can’t believe I just found out about hya 😭

[@BusinessWithBrian]

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.

[@goedelite]

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?

[@steverossi3060]

Don't see Upgrade in your tool. They seem to be pretty decent.

[@Yinz_Kno_Johnny]

What's your thoughts on credit karma? They have high yield 4.0 right now

[@BusinessWithBrian]

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.

[@samanthaharrington8713]

I'm 35 years old was wondering would having a high yield bank account be good for saving up for retirement!?

[@BusinessWithBrian]

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: kzbin.info/www/bejne/pHPTeJ54pdulrs0

[@marymartin3478]

High yield savings for some but then INVEST some

[@nikineal69]

I have DCU account and SoFi.

[@BusinessWithBrian]

Nice! Any feedback from your experience?

[@CampusMania]

What about Capital One? Is it any good?

[@BusinessWithBrian]

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]

@@BusinessWithBrian 4.3 isn't good for savings?

[@Johnnydhee]

Careful with Capital One. They have past issues with APR bait and switching.

[@BA-gn3qb]

With the banking turmoil going on now, do you check Moody's ratings for your bank recommendations?

[@BusinessWithBrian]

I do review them. But here's the problem. Moody's had Silicon Valley Bank rated "A1" prior to its collapse.

[@BA-gn3qb]

@@BusinessWithBrian - Well. I guess that's why they're called "Moody." 😏

[@ampiciline]

great video ,, is there any table that shows average CD rate over last 20 years in USA ?

[@BusinessWithBrian]

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.

[@Derek-yc1ol]

Can I make bill payments or write checks to pay bills with a savings account?

[@clarkkent8428]

Checking ac will do for you. NOT a saving ac.

[@AustinCDennis]

I wouldn't pay bills with a savings account.

[@brucelaw8574]

I would check CFG bank high yield savings accounts

[@BusinessWithBrian]

thanks for the note. I'm looking at them now. Their CD is at a great rate!

[@shojus]

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]

Agreed. I am also with CFG and they're great!

[@joelibanez1869]

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]

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: kzbin.info/www/bejne/pHPTeJ54pdulrs0 It all comes down to your personal preference and your circumstances.

[@joelibanez1869]

@@BusinessWithBrian Thank you sir

[@BusinessWithBrian]

@@joelibanez1869 anytime!

[@Jiggy609]

At 19 i was spending more than i made and partying every weekend so you’re ahead of the game dude😂

[@christianimura1958]

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%

[@carolynisles8686]

Have you ever reviewed saving accounts and hecking accounts at like credit karma or robinhood? I am thinking about them.

[@BusinessWithBrian]

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]

SOFI has 4% interest on Savings, no fees and 2 million deposit insurance for free as of March 2023

[@BusinessWithBrian]

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]

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]

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]

@@BusinessWithBrian Thanks.

[@TroutStalker1]

@@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]

What do you think of Western Alliance Bank’s high yield account? It looks like it’s rate is 5.2%. It seems wild.

[@wippersnapper2386]

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.

[@litolito8592]

Do any of this banks have a phisiclal bank? I am afraid of this online only banks

[@AustinCDennis]

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.

[@cbbcbb6803]

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]

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]

@@BusinessWithBrian Thanks. That is what I needed to know.

[@davidc0824]

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]

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]

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: kzbin.info/www/bejne/gJDadKluidmhf80

[@Luigi4Truth]

@@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?

[@Kay2340girl]

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]

@@Kay2340girl 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.

[@adamtrix]

What do you guys think about discover?

[@BusinessWithBrian]

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.

[@tashundraroberts2795]

I went with synchrony

[@predatorhunteroutdoors]

Why would anyone care about a 6.1% with a $1000.00 cap? C'mon man!

[@BusinessWithBrian]

What's best for one person, isn't for another. And that's why I said there are several other options. Thanks.

[@iSkrapsRacnus]

A teen that has a part time job while in school could benefit from it.

[@BusinessWithBrian]

You are exactly right, a teenager could greatly benefit from that account.

[@noname-mu6kn]

Before u hit 1000 take a few out and when the interest comes take out what the interest and it's free money

[@juliankenzo]

DCU covers ATM fees which is another great feature.

[@TheMonicagal]

Brian, what do you think of CIT bank? Will you review CIT BANK OR Vio Bank for savings/money market accounts?

[@BusinessWithBrian]

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]

@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]

@@BusinessWithBrian Vio bank market account is 4.40 apy

[@stephenf.1408]

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]

@stephenf.1408 they do have great rates, but that's a pain. Thank you for your feedback.

[@ozisike]

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]

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]

​@@BusinessWithBrianbask bank is at 4.75 APY with no minimums. How do you not know about it?

[@BusinessWithBrian]

@@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]

@@BusinessWithBrian oh ok! Thanks for all you do!

[@sammearle]

What do you think about capital one checking/savings?

[@mikecumbo7531]

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.

[@fernandoamador2389]

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]

If you meet any of those requirements, then you can apply.

[@dwaynec35]

Make sure you read reviews of banks before opening an account. Primis bank reviews are pretty scathing!

[@BusinessWithBrian]

Thanks for the comment

[@wendym.7648]

Same goes for Quontic. Thanks!

[@AndersonChao-vs3zf]

Amex offer 3.75 high yield saving account

[@BusinessWithBrian]

Thanks for sharing the Amex deets.

[@LoveLikeaHurricane]

So primas over Sofi?

[@BusinessWithBrian]

All depends on you and your needs. Features, or the higher rate?

[@Pri79111]

Do you have any reviews for Porte

[@BusinessWithBrian]

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]

@@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

[@brilliancetventertainment9416]

how can an someone living outside the US but visits from time to time open one of these online bank HYSAs without a SSN?

[@somethowawayhandle]

You can't

[@DoubleOddJosh]

Be careful with DCU, it's really hard to withdraw the money.

[@BusinessWithBrian]

Good to know. Thanks for sharing.

[@MrSupernova111]

How would DCU make it difficult for you to withdraw your money?

[@DoubleOddJosh]

@@MrSupernova111 There's literally no way to withdraw your money to an external bank account without paying a fee

[@MrSupernova111]

@@DoubleOddJosh . Could you share the fee amount? I was looking at this bank before I saw this video.

[@DoubleOddJosh]

@@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

[@michaelpark7048]

I bank at Primis and love them. BTW, it's pronounced PRIM-US not PRIME-US

[@BusinessWithBrian]

Thank you for your testimony, and also informing me how to pronounce it correctly. I appreciate it.

[@Derek-yc1ol]

Is primus a good bank? I thought of using them but noticed they are only rated B

[@Derek-yc1ol]

Prime us lol

[@MafOrozco]

@@Derek-yc1olwhere do you see those rates?

[@Manimultani1993]

Can i withdraw my money as they change interest rates?

[@BusinessWithBrian]

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]

@@BusinessWithBrian thank u sir

[@casrob9969]

Add M1 Finance High Yield Savings. 5.00% APY

[@BusinessWithBrian]

I would, but unlike my other choices, the M1 Finance bank has a $10 a month fee. That kills the benefit.

[@Derek-yc1ol]

Is primus bank really a good/safe bank to use? Is it OK to use a bank with only a B rating?

[@HEllis-qu5nn]

Primis is not accepting new customers right now.

[@redscorpion9325]

@@HEllis-qu5nn Probably because of the High Interest on Checking

[@MafOrozco]

@@HEllis-qu5nnwhere did u see the are not accepting new custom3s

[@sidhaarth1612]

How about citizen access ..4.25%..??

[@BusinessWithBrian]

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.

[@Money_Gaming_Broadcast]

UFB direct is now 5,25 my question is do I trust the bank

[@BusinessWithBrian]

That's a completely fair question to have.

[@RosalynAbankwah]

Please can you make videos on high yield savings banks that money can be transferred to beneficiary when the person dies?

[@BusinessWithBrian]

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

[@AnkushSharma-sz7zg]

SOFI is the best!

[@BusinessWithBrian]

I certainly believe that they are a solid option

[@MENSA.lady2]

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..

[@merovingian688]

How’s PNC?

[@bleulesyeux5416]

They just started 4.15 % for their growth account. I've been with them for years.

[@merovingian688]

@@bleulesyeux5416 With problems in the banking sector, Chase and PNC are looking healthy

[@micomarinas2753]

can someone from the Philippines open an offshore account with this banks that you mentioned?

[@BusinessWithBrian]

Highly unlikely. You'll want to look at the banks specifically, but most of them are specific to the US states and territories.

[@johnever3226]

how about CIT Bank ,, why i don't see many online banks being compare to them . ?

[@BusinessWithBrian]

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.

[@hyperionsixzeroeight5064]

Duhhhhh, inflation 14%, guaranteed loss.

[@BusinessWithBrian]

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]

Sure, so keep it in a sock and don't earn any interest. How does that help you?

[@Johnnydhee]

At what point has inflation been at 14 percent this year? Garbage post.

[@hankhanson6922]

UFB has the worse customer EVER! Avoid at all cost.

[@BusinessWithBrian]

thanks for the comment

[@Jen-ur4ut]

It can’t possibly be worse than Wells Fargo!

[@johnlupo3919]

must you make those ANNOYING NOISES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@BusinessWithBrian]

Can you be more specific? Tough to read between the lines, and the !!!!!!!!

[@timweishahn]

Couldn't find the Free Bank Rate Tracking Tool on Google Sheets that you showed. PLease help. Thank you,

[@BusinessWithBrian]

It's in the video description as: Link to the FREE TOOL (Bank Rates Today): bit.ly/Bank_Comparison_Tool

[@nikkmarie6364]

I’m not seeing a lot of videos on VIO. It appears they have the highest APY at 5.02% without fees

[@davidvannostrand6244]

Did you ever get more information about VIO? I am also seeing it and wondering same thing.

[@SkatingwithAaron]

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]

Brain you must be a retired used car salesman or an RV salesman.

[@BusinessWithBrian]

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: kzbin.info/www/bejne/n2GlqWqfpNCsa8k 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.