Earn more interest using the CIT Bank Saving Connect Account https://www.roadmapmoney.com/go/CITSa...

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Grab a copy of the HighYield Savings Account Calculator: https://docs.google.com/spreadsheets/...


*Account 1 CIT Bank Saving Connect Account — 4.65%*
https://www.roadmapmoney.com/go/CITSa...

This account is currently paying out 4.65% and is the one I use. I opened this account when it was the highest paying account earlier this year. In 2023 alone I’ve earned $392.36, and am on pace to earn over $1,200 in 2024, even if I don’t make any more deposits.

CIT Bank is an online bank owned by First Citizens, the same bank that bailed out Silicon Valley Bank when it collapsed in 2023. It’s FDIC insurance, super safe, and has a stupid simple mobile app. While the rates aren’t the highest on the list, you only need to deposit $100 to open an account and don’t have to jump though any other hoops to earn the high interest rate.

*Account 2 SoFi Checking & Savings — 4.60% APY*
https://www.sofi.com/invite/money?gcp...

SoFi is a fantastic allinone finance company that offers everything from student loans to mortgages to retirement accounts. And they recently launched SoFi Check & Savings. They offer a competitive 4.60% APY on deposits into their savings account, and there’s even a signup bonus right now.

One thing I like about SoFi is that all members get access to free financial advice from licensed advisors, and they even have career coaching. Plus you can get discounts on loans and other SoFi products just for joining. So this is a great option SoFi fans that want a solid rate.

*Account 3 UFB Direct Secure Savings — 5.25% APY*
https://www.ufbdirect.com/Savings/hig...

UFB Direct is offering the highest rate on this list, at 5.25%. And while this is enticing, I’ve been following UFB Direct for a while and noticed they seem all over the place with their requirements. In the past, to earn the highest rate, you’d need a huge deposit (like $10k or more), and I also recently read reviews that UFB Direct creates new types of accounts that pay higher without informing existing customer.

So while I’m including them on this list due to the high rate and no minimum deposit requirement, you’d need to keep an eye on your account to ensure you’re always getting the best rate.

*Account 4 Marcus Savings — 4.40% APY*
https://www.marcus.com/us/en

Marcus is a solid savings account from Goldman Sachs that always offers a competitive interest rate. Right now Marcus accounts are paying 4.40%, which provides a decent return on investment.

There is a weird caveat that Marcus has — a MAXIMUM balance limit to earn the top interest rate. You can only deposit up to $3 million and earn 4.40%. Sorry Warren Buffett….you’ll have to find another account.

*Account 5 Wealthfront Savings — 5.00% APY*
https://www.wealthfront.com/cash

Wealthfront is a cool roboadvisor that helps people automatically invest money for the fraction of the cost of a financial advisor — but they also have a highyield Cash account that’s currently paying 5.00% APY. This is a solid account and there are no minimums required, and you don’t need to be a Wealthfront roboadvisor customer.

Wealthfront will probably advertise at you to join their platform because that’s how they make money, and honestly it’s a decent program for beginner investors that aren’t comfortable managing their own investments. But if you don’t want to join and don’t mind the ads, you can earn a cool 5% APY by just using their cash account.

*Account 6 Barclays Savings — 4.35% APY*
https://www.banking.barclaysus.com/on...

Barclays is a reputable bank that’s offering a solid 4.35% APY on their high yield savings account. Barclays has been around since the 1800s and offers a nofrills savings account with no minimums or account fees, and not hoops to jump through. If you want a simple savings account through a solid bank — this is it.

*Account 7 LendingClub Savings — 4.65% APY*
https://www.lendingclub.com/personal...

LendingClub is an online lender that now offers a solid highyield savings account paying out 4.65% on account deposits. This account is paying the same rate for all balances, and it only takes $100 to open an account. There are no fees and you can even use an ATM card to access cash form this account.

00:00 Intro
01:44 Account 1
02:43 Account 2
04:03 Account 3
05:16 Account 4
05:56 Account 5
07:22 Account 6
08:01 Account 7
08:33 Saving Account Calculator