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Topic: High Interest Online Banks - Anyone use one?  (Read 562 times)

demaina

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High Interest Online Banks - Anyone use one?
« on: April 27, 2018, 05:16:10 pm »
Every once in a while I get annoyed at my bank only giving me 0.15% interest on my saved money with them, so I look up who has the highest percent and debate opening an account (https://www.magnifymoney.com/blog/earning-interest/best-online-savings-accounts275921001/). 

Some of these are consistently mentioned across multiple sites (Barclay, Synchrony, and Marcus), while others are more recognizable for other reason (Discover, American Express, Ally, and CIT).

Has anyone here used or is currently using one of these banks?  Or would you use one of these banks?

I'm mostly a set it and forget it person.  The money I earn on here basically goes directly into my current savings account and that's about it, so the thought of just sending it to another place and earning more on it is appealing to me.  I figure just open it with the minimum amount required, and then put all my online earnings into it, that way I can still have my original bank account but use this second one to help grow my online earnings.  However, figuring out the best place to go has been the issue so I figure maybe you all have a good suggestion.

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