06-04-2018, 10:57 PM
Recently I sold my house for a decent profit (lucky timing and a little elbow grease) so I have some extra money lying around. Most of it I have invested into the market; however, I have kept some on hand, which has lead to me discovering the beauty of online banks.
For a Savings Account, you can get interest rates up to 1.8% APR now. I believe my previous bank was 0.25% . Also many of these online banks offer sign-up bonuses as well, which helps.
For a Checkings Account, I switched to a Kasasa Cash Account; which tend to have higher interest rates if you meet certain conditions. This is at 3%, but caps at $15,000. If you have more than 15k in your account, that additional money is at 0.5% I believe (which is still pretty solid).
I'm just curious what everyone else has for interest rates?
For a Savings Account, you can get interest rates up to 1.8% APR now. I believe my previous bank was 0.25% . Also many of these online banks offer sign-up bonuses as well, which helps.
For a Checkings Account, I switched to a Kasasa Cash Account; which tend to have higher interest rates if you meet certain conditions. This is at 3%, but caps at $15,000. If you have more than 15k in your account, that additional money is at 0.5% I believe (which is still pretty solid).
I'm just curious what everyone else has for interest rates?