Top 5 Highest Yield Savings Account 2.80% | 2019 Review

A Savings account with 3.80% is not a reality yet but we do have some savings accounts with 2.80% percent. 🎁ACORN FREE $5🎁
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Why is a Savings Account with a high yield so Important: A savings account is one of the safest places to put your money since it’s backed up by the US government. And a high return could mean the difference between a $375 a year or making $6,250 from a maxed-out savings of 250k to ensure your money is safe. That’s why it’s so Important.

Ground Rules:
– Most of these places are trying to get you and then switch, so while they keep interest high you stay.
– Don’t get into any product unless it’s good
– This like credit card churning don’t get to invested get the profit and switch when it stops making sense.

1. Webbank 2.5 – they also have CDs as high 2.80 for a year
– No fees
– Wire fee 25
– Paper statement 5
– 1000 minimum balance
– Fdic
Tip: no paper statement and wire = no cost
Done side bad reviews and some people not to happy
Up to 500k
https://www.webbank.com/rates-and-fees

2. Wealth Front 2.51%
– No fees
– 1$ minimum
– Unlimited withdrawals
– Great app
– FDIC Insured by 1m
Bad: Interest reported on a 1099 meaning you’ll be tax
– No debit card
– No active customer service
https://www.wealthfront.com/cash
Tip stay while the rates are good and leave when they are not

3. SalemFivedirect: 2.51%
– No fees just like the others
– 100$ minimum deposit
– Insured
https://www.salemfivedirect.com/

4. Vio Bank 2.52%
– 100$ minimum
– No fees
Bad: reputation
https://www.viobank.com/high-yield-savings

5. Varo 2.80
– Direct deposit is needed and 5 transactions
Bad: Limit 50k maximum
Above that its 2.12%

My thoughts:
Savings are great but make sure while your savings you’re also investing. So, my recommendation is 90(savings) -10(investing) while you’re learning to invest.

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