we plan on withdrawing within a year.
$80k in savings for house fund in td bank but low apy- should we move it into a digital bank with a higher apy or is there one that is more preferred?
byu/Key_Wedding_5511 inpersonalfinance
Posted by Key_Wedding_5511
3 Comments
Any HYSA would do. SGOV is another option.
Take your pick of whatever HYSA or SGOV, but off the top of my head for savings… Barclays AARP is 4% + $400 bonus (have to join AARP for ~$16 first). Lending Club is 4% if you transfer another $250+ in each month. Pibank is 4.4% but only deals with wire transfers.
[https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions/](https://www.reddit.com/r/personalfinance/wiki/banks_and_credit_unions/)
$80k for 1 year in getting an extra ~3% is 2400 or more in interest. Is it worth it to you to move?