Best Savings account?

[Burgeronthehill]

Discover is good bro

[pichhipullayya]

9 hours ago, Konebhar6 said:

SPAXX ani moneymarket fund untundi. By default my uninvested money goes into it. Its in their DMAT account. I am not sure, I may have done some default settings. Don't remember. But both my IRA and regular trading account, uninvested money goes in there.

will check options anna

[Assam_Bhayya]

11 hours ago, pandugadu999 said:

cd ki savings account ki wat difference uncle?

CD lo money pedithe we've to commit and wait for a period of time. Premature withdrawal ki full interest raadu

Saving account lo anytime you can withdraw but interest rate is a bit less compared to CD. CD is just like FD in India almost similar Terms&Conditiions

[Konebhar6]

1 hour ago, Assam_Bhayya said:

CD lo money pedithe we've to commit and wait for a period of time. Premature withdrawal ki full interest raadu

Saving account lo anytime you can withdraw but interest rate is a bit less compared to CD. CD is just like FD in India almost similar Terms&Conditiions

CDs in USA and India are different. 

If you take a CD in India for 1 yr at 8%. Lets say its withdrawn after 6 months. Lets say 6 months interest rate is 5%. They will impose a fine of 1.5% on 5% and give like 3.5% on whole money. But you will never lose money.

In US its different. You may lose your principle. Fine is larger than the interest you would have accrued for whole 1 yr. Also CDs in USA get rolled over into another term if you don't take action. These CDs wont be at market rates but rather like 0.01% interest rates. Wrong practices that banks do. 

[Konebhar6]

9 hours ago, TriStateBabu said:

anna spaxx is good option for now , but it’s already little less than 5% for a 7 day yield currently. And sadly it is poised to go down sometime soon. But generally agree at fidelity it is best option as it’s a core position and cheap to buy.

There are plenty of High Yield Savings bonds ETFs that give 6%+ yields. With interest rate drops in horizon, its better to invest in them. Check yahoo finance. 

[beerboy17]

35 minutes ago, Konebhar6 said:

There are plenty of High Yield Savings bonds ETFs that give 6%+ yields. With interest rate drops in horizon, its better to invest in them. Check yahoo finance. 

ex bro ?

[Konebhar6]

46 minutes ago, beerboy17 said:

ex bro ?

HYDB

[Konebhar6]

13 hours ago, pichhipullayya said:

@Konebhar6 Fidelity ela istundi 5% interest , my uninvested cash stay as is. I get 0%

I looked at Fidelity just now. In Accounts-> Positions, Under Cash it shows "HELD IN MONEY MARKET". When I click on it, it gives me the option to change "Change Core Position". Options are

FZFXX - 4.93%

SPAXX - 4.97%

FCASH - 2.69%

[Maggavale]

Betterment Cash Reserve - 5.50% APY for new accounts upto 3 months.   2 mil FDIC insured. 

3 months complete ayyaka 5% ki rollback avuddi APY, mail pettu malla 5.5 chestadu . Rinse repeat every 3 months. 

[KiKiKi]

can try betterment ..5%