High Yield Savings Account

[dancingirl21]

Does anyone have a HYSA that you use and recommend? We currently have savings with Chase that obviously isn’t earning much and would like to transfer to a higher interest account for awhile. Caveats: I would like to be able to transfer money back to Chase, if needed. I would also like to pull it out and close the account at any time.

[mccallister84]

My capital one 360 performance savings is at 3.7%. For the initial set up I think it’s one week to transfer money but then it becomes 2 business days. I also have a capital one checking account so if needed I could transfer money to checking and write a check. The transfer to capital one checking happens instantly.

[katyintx]

We use PNC, which currently has a 3.88% rate. We have it tied to our Chase account so we can transfer back and forth. I believe there is a $150k/month limit in our specific account to transfer funds out of PNC, but I’m not sure about the process of pulling funds out and closing. 

One thing I will note is that we linked it on the Chase side, because otherwise it’s about a 3-day turnaround time for funds to transfer, and a 25k/month limit. With us initiating the transfer from Chase there’s no limit and it’s a 1-day turnaround. 

[galaxy8227]

I use Barclays and it's 3.9 right now. I have it linked to my checking and usually the funds are transferred the next day when used.

[tealblue]

I opened a capital one 360, it started at 4.5% but is now 3.7%. Super easy to set up bank transfers. They usually move within a few days but it’s all electronic.

I’ve also set up the kids savings accounts there as the local bank has a tiny interest rate for kids savings.

I keep a little money in our local bank for emergencies/quick access but most of it is at capital one.

[sarahsays]

I have a Barclay's tiered savings account that is at 4.15% right now. It takes 1-3 days to transfer money to my checking account, but's its as easy as a click of a button.

[coffee]

We use Betterment (online). Their cash reserve is giving us 4%. Very easy to transfer money from bank to bank. It takes 2-3 days.

[Susie]

I have accounts at a few different banks, all savings for different things.  I have Capital One 360 (3.7%), FNBO Direct (3.35%), and Lending Club (4.40% contingent on $250 deposit every month).

Anecdotally I think transfers are executed faster from Capital One than the other two, but they're all FDIC insured, and provide basically the same service.