Hello, I got a refund from a scholarship that I don't really need and would rather save for an emergency situation. And, I wanted to open a HYSA with my bank (M and T), but if I don't have 10,000 in the account they take 20$ a month, so that's a no. I'm trying open an account at a bank that has a good student credit card/ regular credit card that I could open in the future even though I already have an m ant t bank secured card. Banks I've been looking at currently are capital one and discover.
18 year old trying to find a good HYSA
byu/Adventurous_Fly_4197 inpersonalfinance
Posted by Adventurous_Fly_4197
6 Comments
I like my Amex. Not the best rate on the market but decent otherwise.
Might check out Robinhood Gold too. They advertise decent rates but I don’t know any of the strings attached.
https://www.ally.com/bank/online-savings-account/ is a go-to. Typically a high rate and nearly no fees.
Not sure about Capital One, but Discover HYSA is good. 3.5% APY (No Fees). Though it is all online, no physical branch to withdraw funds.
Their Student Credit Cards (rotating 5% categories quarterly) is pretty solid as well.
Betterment is 4%. No conditions.
You should check out Public. 4.1% and no fees. Have had an account with them for quite awhile.
Why not open a Fidelity brokerage account and use SPAXX as the HYSA and start investing in some ETFs as well?