Online Savings Accounts
Any recommendations for a good high yield online savings account?
I've seen one called Vio Bank has the highest rate (2.52% APY on all balances). Anyone have any experience with them?
I recently got one from Citi, since I have a credit card with them already I saw them advertising 2.36% APY but have found transferring money in an out to be troublesome, so much so I have taken to setting up external transfers though my local credit union to transfer money in and out of it. Worse still I recently read a review stating that the 2.36% APY is only a 3 month introductory rate... ☹️
So I'm looking for other alternatives, and want to try to do some research before just jumping in blind like I did with Citi.
Trying to avoid any with high minimums or activity requirements. Access to the finds via Debit Card and/or Check Writing would be nice but not an absolute requirement as I can simply just charge anything to my credit card and then wait for an ACH to my checking account to then pay off the card.
Any recommendations/feedback is appreciated.
Are you looking for a checking account or a savings account? A savings account is going to be limited to 6 outgoings per month, that’s just the law. And it may not come with debit card access (see 6 out going transaction limit). Ally is currently at 2.2% and Discover Bank is 2.1%. Checking accounts with high interest rates usually require at least 10 debit card transactions per month plus direct deposit.