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The 6 Best High Yield Bank Accounts of 2023




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Title :  The 6 Best High Yield Bank Accounts of 2023
Lasting :   12.16
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Views :   164 rb


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BWB - Business With Brian
Please know that I will try my best to respond to your comments, but I may not make it to all of them Also, there exists a nefarious element that will try to spam or scam others I will never ask for personal information or ask you to send me money in any form Those are scammers Also, I am not a licensed financial advisor, so please do not request personal advice with your funds, as I am unable to overstep those boundaries I am here to share information as best I can brbrWHAT TO WATCH NEXT:br♦Where to Park Cash: Guaranteed 5-6 youtube/0wSxTAxUVe4br♦8 Best Fidelity Index Funds To Buy and Hold Forever: High Growth youtube/xdEunmLrhb4 brbr♦Investment Ladder Strategy with CDs T-Bills and MYGAs youtube/J_wCv8TtnIk brbr♦Brokered CDs on Fidelity 2023: How to Buy New and Secondary CDs youtube/k206NBcB1fo
Comment from : BWB - Business With Brian


John Lupo
must you make those ANNOYING NOISES!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Comment from : John Lupo


Ian McGarrigle
When I can find a bank account that pays me a rate better than the inflation rate I will consider it In the meanwhile I'm buying gold
Comment from : Ian McGarrigle


Tashundra Roberts
I went with synchrony
Comment from : Tashundra Roberts


Goedelite Kurt
If a borrower, a bank, pays a high rate, might that not indicate that it has an ugent need for cash? Isn't that a possible warning? Of course, it could have a great financing prospect and needs deposits for increased reserve requirements so that it can participate Which is it?
Comment from : Goedelite Kurt


RC & Fishtanks
Good stuff Subscribed
Comment from : RC & Fishtanks


Nyameye N
Thanks for the insights The problem is that taxes consume most of the interest paid every year How do I resolve this?
Comment from : Nyameye N


Jeff Valerez
UFB direct is now 5,25 my question is do I trust the bank
Comment from : Jeff Valerez


lito lito
Do any of this banks have a phisiclal bank? I am afraid of this online only banks
Comment from : lito lito


bfry38
I been using Milli bank It’s 525 interest
Comment from : bfry38


CJ
I have been juggling around the idea of UFB Direct for a short while but couldn't find the feedback I needed until now Your research on Sofi Bank and CIT is also pretty consistent with my own research I also appreciate the detail you provide for each of these options It's apparent that you dug deep prior to recording this video All in all, this is precisely the education I needed to narrow my search; only, I hadn't heard of Primis Bank until now Possibly the best option for me Much appreciated
Comment from : CJ


T Costello
What do you think of Western Alliance Bank’s high yield account? It looks like it’s rate is 52 It seems wild
Comment from : T Costello


Derek
What about redneck bank?
Comment from : Derek


Derek
Is primus bank really a good/safe bank to use? Is it OK to use a bank with only a B rating?
Comment from : Derek


Derek
Can I make bill payments or write checks to pay bills with a savings account?
Comment from : Derek


Kenneth Lucas
What do you think about tradealgo, buyalerts, vantagepointe, and/or any platform that does stock picking for you with 87 to 90 percent rate!! Do these work or have or do you know anyone who has used them with success!! Is it a good idea to put $500000 into one of the yield max Ted's that offer in some cases 70 to 30 and/ some of your ETF's that offer at least 24 to 30 and/or are there other ETF's that offer at least 30 or more that I do not know about!! Also, where would you invest $500000 in order to get the most yield or for your money? Also, how to calculate yield or Are those the same?
Comment from : Kenneth Lucas


BrillianceTV Entertainment
how can an someone living outside the US but visits from time to time open one of these online bank HYSAs without a SSN?
Comment from : BrillianceTV Entertainment


Todd Zakos
My advice is to not use Ally Financial or bank for anything After being a long time customer using Ally Financial, they have been having issues with their website that has cost me money and they take no responsibility I'm moving all my accounts away from them
Comment from : Todd Zakos


CampusMania
What about Capital One? Is it any good?
Comment from : CampusMania


Michael Park
I bank at Primis and love them BTW, it's pronounced PRIM-US not PRIME-US
Comment from : Michael Park


Nikk Marie
I’m not seeing a lot of videos on VIO It appears they have the highest APY at 502 without fees
Comment from : Nikk Marie


nelida silva
Great video, you are the best!
Comment from : nelida silva


John
how about CIT Bank ,, why i don't see many online banks being compare to them ?
Comment from : John


Christian Imura
Commenting this before finishing video, do any of these accounts require direct deposits? A lot of my money comes infrequently in large sums A lot of accounts you only qualify for interest if you get direct deposits every 30 days I can’t do that but I still want to put money in the savings account and qualify for the high apy
Comment from : Christian Imura


First Last
Ally sucks!
Comment from : First Last


ampiciline
great video ,, is there any table that shows average CD rate over last 20 years in USA ?
Comment from : ampiciline


John L
Primis bank 492 APY as of 6/1/23 I only opened a checking since both has the same APY So far so good, APY was 435 when first opened A week later they increased to 492
Comment from : John L


Hyperion Six Zero Eight
Duhhhhh, inflation 14, guaranteed loss
Comment from : Hyperion Six Zero Eight


Caston Robert
Add M1 Finance High Yield Savings 500 APY
Comment from : Caston Robert


Sam E
What do you think about capital one checking/savings?
Comment from : Sam E


Get Those Points
I’ve considered SoFi, but the amount of posts I’ve seen about peoples accounts being frozen and amount of time to unfreeze, kind of scares me
Comment from : Get Those Points


Merovingian
How’s PNC?
Comment from : Merovingian


ANDRES DE LA CRUZ
Hi what do you think about Discover Saving account current APY 390? Would you recommend switching to wealthfront checking with higher apy?
Comment from : ANDRES DE LA CRUZ


Ankush Sharma
SOFI is the best!
Comment from : Ankush Sharma


Kenna M
I moved 90 of my money to Capital One they pay great rates on CD’s and regular savings accounts, I keep less than $3000 at Chase because of convenience in case I need cash, their rates are terrible
Comment from : Kenna M


Tim Weishahn
Couldn't find the Free Bank Rate Tracking Tool on Google Sheets that you showed PLease help Thank you,
Comment from : Tim Weishahn


Carolyn Isles
Have you ever reviewed saving accounts and hecking accounts at like credit karma or robinhood? I am thinking about them
Comment from : Carolyn Isles


M A N I
Can i withdraw my money as they change interest rates?
Comment from : M A N I


ozisike
What about bask bank? i just want a high yeilding acc to throw money into instead of keeping it in my wells fargo savings
Comment from : ozisike


Adam Trix
What do you guys think about discover?
Comment from : Adam Trix


business
Thanks for reading 34 pages! I subbed and liked !
Comment from : business


Samantha Harrington
I'm 35 years old was wondering would having a high yield bank account be good for saving up for retirement!?
Comment from : Samantha Harrington


Rachel Chavez
Again, your videos have clarified so much for me! Thanks so much for all of the helpful information! brbrQuick question - do you know if Primis covers all ATM fees INCLUDING fees from international ATMs?
Comment from : Rachel Chavez


Beto Reyes
Do you have any reviews for Porte
Comment from : Beto Reyes


Swetha Gunasekar
Brian, Love the tool and details in the spreadsheet Very helpful
Comment from : Swetha Gunasekar


adaywithaleks
I wanted to thank you for the free tool you've created and allowed us to view and use for our decision making and comparisons I really appreciate it Take care, and God bless!
Comment from : adaywithaleks


Yinz_Kno_Johnny
What's your thoughts on credit karma? They have high yield 40 right now
Comment from : Yinz_Kno_Johnny


J S
SOFI has 4 interest on Savings, no fees and 2 million deposit insurance for free as of March 2023
Comment from : J S


MrWarlockFTW
CIT bank Online it has a apy of 44 for the platinum savings account
Comment from : MrWarlockFTW


Predator Hunter Outdoors
Why would anyone care about a 61 with a $100000 cap? C'mon man!
Comment from : Predator Hunter Outdoors


Emanuel Tosado
Wow, this is the 1st video i see from this channel, i really like the style and the provided info subscribed!!
Comment from : Emanuel Tosado


mico mariñas
can someone from the Philippines open an offshore account with this banks that you mentioned?
Comment from : mico mariñas


JPaige
I have a DCU Account I opened a checking account with DCU and the earned interest is deposited each month and at the end of the yr I transfer it to a link account and pay a bill with it I also have a VIO Bank account and it pays a 45 on a money market account I just opened a Capital one CD with 5
Comment from : JPaige


Garfield
UFB Direct has recently raised their rate to 502 FYI
Comment from : Garfield


Dwayne C
Make sure you read reviews of banks before opening an account Primis bank reviews are pretty scathing!
Comment from : Dwayne C


Mt man 1949
Fun direct seems to get horrible reviews online!!
Comment from : Mt man 1949


Xie Catherine
Have you heard Vio bank? They are offering 45 on the Money Market account Do you think it's reliable?
Comment from : Xie Catherine


Thomas Bridges
PNC banks checking account has a Growth section pays 393
Comment from : Thomas Bridges


Jose Flores
What I do as a UFB Direct user, I link my credit cards with UFB and pay the entire balance every month I'm getting 3 - 5 cashback plus 5 interest on my money What works for me might not work for you, not financial advice
Comment from : Jose Flores


Data Lore
Recently I got an email from Capital One, offering a 34 APY (compounded daily) on a savings account So out of curiosity, I found some compound interest calculators and did some "what if" calculations If I opened the account with $500,000, I'd make about $20,000 in a year just in interest Uhthat seems too good to be true Is it?
Comment from : Data Lore


K Smith
I recently moved $250k out of Morgan Stanley to Washington Mutual (Because of the FDIC 250k insurance per account) Washington Mutual actually charged me to bring 250k to their bank! How about a video for best places to stash $250k Surely I am not the only person scrambling because the Fed refuses to guarantee all deposits Sadly, a quarter of a million is not a fortune like it was years ago
Comment from : K Smith


Gary Moore
What a bunch of bullshit
Comment from : Gary Moore


sidhaarth kumar
How about citizen access 425??
Comment from : sidhaarth kumar


nikineal69
I have DCU account and SoFi
Comment from : nikineal69


Anderson Chao
Amex offer 375 high yield saving account
Comment from : Anderson Chao


Love Like a Hurricane
So primas over Sofi?
Comment from : Love Like a Hurricane


xHesaid
Awesome upload This has been something I’ve been seeking info on as of late and this video was very helpful PayPal is offering 40 in their saving as of now, BUT I’ve been told it’s not very safe? So I’m thinking of moving what money I have in This video was very helpful Thank you, sir
Comment from : xHesaid


HnH
Your free tool is not accurate comparison because it does not calculate interest on what would have been in the “checking” account for cash accounts such as WealthfrontbrbrFor instance, the wealthfront calculator only shows interest earned on the “Savings” balance When in fact, it should be the combined savings and checking balance interest earned Because if someone has Ally bank with $100k in savings and $10k in checking, you would have to compare that to Wealthfront as $110k total… not just $100k So you have to correct your worksheet to fix this crucial mistakebrbrbrExample, if you have $200k cash to park you can use $100k to Ally Savings and $100k Ally Checking Total interest earned would be $3,850 based on the interest rates discussed in this videobrbrNow, if you park that $200k in Wealthfront, you would earn $8,100 in interest However, your calculator only shows $4,050 because you did not take into account that it is both “checking and savings” since it is a cash account so the APR would be applicable to both line items
Comment from : HnH


Daniel Askey
Thanks for the great content The online version of your tool did not work for me I tried FF, Edge, and Chrome The download worked
Comment from : Daniel Askey


Atxgti4
PayPal is offering 4 at the moment backed by Synchrony That’s what I’m using at the moment
Comment from : Atxgti4


Michael B
Bask Bank offers 445 no limit no requirement and has been increasing with the Fed for months so it's not a bait and switch rate Simple website, FDIC insured, and I can withdraw via ACH to my external checking same day or +1
Comment from : Michael B


Cure Snow
Hi Brian, your video is very helpful I’m planning to open a HYSA with American Express I am aware that they will send a tax form called 1099 IMT if you earn more than $10 interest Do they withhold taxes for us?
Comment from : Cure Snow


V
Best video and best link I cant thank you enough!!!
Comment from : V


TheMonicagal
Brian, what do you think of CIT bank? Will you review CIT BANK OR Vio Bank for savings/money market accounts?
Comment from : TheMonicagal


Kevin K
I was lucky enough to apply for a Primis Premium checking account last month, just before they dropped the rate down to 435 I got an email from them that they will continue to honor the 503 APY for their current customers I verified with my last interest payment that they are keeping their word on that so far The issue so far with them is that customer service is slow Possibly because their high rates have attracted so many people and they weren't prepared for it, but it's something to be aware of if you're going to open an account with them
Comment from : Kevin K


SAND BLAST
Brain you must be a retired used car salesman or an RV salesman
Comment from : SAND BLAST


B A
With the banking turmoil going on now, do you check Moody's ratings for your bank recommendations?
Comment from : B A


Hmmmm
Thanks Brian! Appreciate the time you took to make the video Subscribed
Comment from : Hmmmm


Law
I would check CFG bank high yield savings accounts
Comment from : Law


BDTN342
I just received my $250 bonus from SoFi on Friday Gotta love finally getting a fairly decent interest rate on your savings
Comment from : BDTN342


Silver
WealthFront requires you to hand over your online banking username/password for your existing bank account(s) in order to even sign up with them I think that disqualifies them from being called a "no requirements" account
Comment from : Silver


JoEl Ibanez
I'm trying to start my investing journey earlybeing 19 and just have a $18/h job would it even be worth investing in a cd only being able to put a 1000 in
Comment from : JoEl Ibanez


Hank Hanson
UFB has the worse customer EVER! Avoid at all cost
Comment from : Hank Hanson


Tucker Pippin
Great video Clearly unbiased, clear outline of the advantages and disadvantages This channel will blow up
Comment from : Tucker Pippin


Rusty Nail
Make sure the bank is solid FDIC is basically broke
Comment from : Rusty Nail


Guy Gadbois
Sure glad to see SVB isn't on your list! 😀
Comment from : Guy Gadbois


David Carrasco
What would u recommend for me I have 110,000 in capital one 34360 account right now I don’t need the money for 1-2 years Trying to save down payment for a house
Comment from : David Carrasco


Freddie PJ
Opened a CD with Capital One at 5 for 11 months
Comment from : Freddie PJ


Mathmatics
So for primis safe to say brbr1 No fees monthly or yearly br2 No minimum to keep open besides the initial $1br3 What about how much you can keep or FDIC insured up to? brbrCould not find that on their site
Comment from : Mathmatics


Rosalyn Abankwah
Please can you make videos on high yield savings banks that money can be transferred to beneficiary when the person dies?
Comment from : Rosalyn Abankwah


Cbb Cbb
What counts as direct deposit?brWealthfront Cash sounds like you said it does not have FDIC coverage and sounds like you said it has coverage I'm confused
Comment from : Cbb Cbb


John Doe
Brokered CD's 3-5 months, or more, offer 45-49 right now These savings accounts are also great as well and you can also use the CD's at these banks, albeit at lower rates, to pay out monthly directly into your savings should you need the cash for expenses I would do a mix match approach
Comment from : John Doe


Anderson Chao
Actually Amex saving is very good I been using for awhile rate 350 greate customer service 24 /7 phone call
Comment from : Anderson Chao


S W
I and my family each applied Primis accounts It has been more than a month And both accounts are still pending review Primis had sent two emails apologizing their delay and guaranteed our rate of 503 as we were the first ones to apply and they were swamped by too many applications I parked my money for initial funding I called many times, the rep had no idea how long it's going to take I have an ill feeling that Primis is crooked I lost interest by parking at other bank because their behavior For ufb, you need to be on guard to call when they increase the interest or you only earn the old less interest Even their rep said ufb is sneaky
Comment from : S W



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