High Yield Savings Account

[Scada]

8 minutes ago, Amrita said:

Avuna ? Ededo chudali naku sarigga teledu chusta online what that is . Thanks .

Emanna link unte pampava ? Thanks 🙏 

401k me company offer chestadi .. me manager ni adugu info istadu..

Savings account links 

https://www.bankrate.com/banking/savings/rates/

https://www.discover.com/online-banking/savings-account/

https://www.wealthfront.com/cash

[Amrita]

4 minutes ago, Thanos said:

max 401k for your employer match , typically employer match 4-6% untundi most companies ki

If you still want to save , you can contribute upto 19,500 to 401 k per year , tax free , but you can not withdraw it until you are 59 1/5 with out a penalty

check this for High yield savings accounts : https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts

Previously Citi used to offer 2.36% , not its less , all banks offering less interest now

Personally I think high yield savings is a waste ,  however its slightly better than normal savings/checking accounts which do not accrue interest at all

Our company does 6% . I will look into it . Thanks

[Amrita]

4 minutes ago, Scada said:

401k me company offer chestadi .. me manager ni adugu info istadu..

Savings account links 

https://www.bankrate.com/banking/savings/rates/

https://www.discover.com/online-banking/savings-account/

https://www.wealthfront.com/cash

I am contributing to 401k max 6% aey ga ?  Also we can’t lock money till 60 years no ? I want to be able to take in need . 

[uyghur12]

5 minutes ago, Amrita said:

I am contributing to 401k max 6% aey ga ?  Also we can’t lock money till 60 years no ? I want to be able to take in need . 

there are some provisions if you want money during house down payment

[Amrita]

5 minutes ago, uyghur12 said:

there are some provisions if you want money during house down payment

Oh okay . Emanna wait time untunda ? 

[DummyVariable]

1 hour ago, Scada said:

Thanks bro, i will see that 

Split it and save it in different banks/fintech companies. As the Savings go higher, the interest rates drop. 
 

Example: Orion gives 4% upto 30k and heritage bank gives 3% upto 25k. If you have money anywhere near 55k it is better to invest in these banks by splitting the amount. If you have more than 55k, split the rest into redneck/vio/hsbc. If the interest rates reduce suddenly shift the money to other banks. Ante constant ga chesthundali and that is how you will make enough money.

[Scada]

8 minutes ago, DummyVariable said:

Split it and save it in different banks/fintech companies. As the Savings go higher, the interest rates drop. 
 

Example: Orion gives 4% upto 30k and heritage bank gives 3% upto 25k. If you have money anywhere near 55k it is better to invest in these banks by splitting the amount. If you have more than 55k, split the rest into redneck/vio/hsbc. If the interest rates reduce suddenly shift the money to other banks. Ante constant ga chesthundali and that is how you will make enough money.

Thanks anna, chustha adi

[Rushabhi]

1 hour ago, uyghur12 said:

there are some provisions if you want money during house down payment

You can take loan on 401k for certain situations. It has 4 or 6 percent interest. The interest you pay goes into 401k only so you are paying for yourself research that

[tiktokbalio]

32 minutes ago, DummyVariable said:

Split it and save it in different banks/fintech companies. As the Savings go higher, the interest rates drop. 
 

Example: Orion gives 4% upto 30k and heritage bank gives 3% upto 25k. If you have money anywhere near 55k it is better to invest in these banks by splitting the amount. If you have more than 55k, split the rest into redneck/vio/hsbc. If the interest rates reduce suddenly shift the money to other banks. Ante constant ga chesthundali and that is how you will make enough money.

Orion and Heritage aa ? avem banks babaya....are they good ?

[tiktokbalio]

2 minutes ago, Rushabhi said:

You can take loan on 401k for certain situations. It has 4 or 6 percent interest. The interest you pay goes into 401k only so you are paying for yourself research that

not always true. What if you 401k yield 8-10% returns? 

[DummyVariable]

49 minutes ago, tiktokbalio said:

Orion and Heritage aa ? avem banks babaya....are they good ?

Orion Federal Credit Union is headquartered in Memphis, Tennesse and is the 7^th largest credit union in the state. It was established in 1957 and has grown to over 70,000 members at 10 locations. Even though this is a credit union, residents nationwide can become a member and open an account.

https://www.hustlermoneyblog.com/orion-federal-credit-union-premium-checking-review/

Heritage Bank was founded in 1927.

https://www.doctorofcredit.com/heritage-bank-3-33-apy-rewards-checking-account-available-nationwide/

Both are a little old and have decent reputation. Maree safety ekkuva vundali ante hsbc is giving 2% but I think they will reduce that to 1.7% in the next few months. 

[BostonBullodu]

7 hours ago, Scada said:

Experiences vuu

diwala teese banks dggariki poku ekkuva interest istunnaru ani

Discover di 200$ bonus di teesuko go until 80k and switch to citi or other banks depending on your monthly savings

as someone said ekkuva money vesthe interest rate taggipothadi thats when time to find a new savings bank.. I'd go with discover and citi.. 

[galiraju]

17 minutes ago, DummyVariable said:

Orion Federal Credit Union is headquartered in Memphis, Tennesse and is the 7^th largest credit union in the state. It was established in 1957 and has grown to over 70,000 members at 10 locations. Even though this is a credit union, residents nationwide can become a member and open an account.

https://www.hustlermoneyblog.com/orion-federal-credit-union-premium-checking-review/

Heritage Bank was founded in 1927.

https://www.doctorofcredit.com/heritage-bank-3-33-apy-rewards-checking-account-available-nationwide/

Both are a little old and have decent reputation. Maree safety ekkuva vundali ante hsbc is giving 2% but I think that they will reduce that to 1.7% in the next few months. 

avi checking intrest rates kno not savings

[DummyVariable]

6 hours ago, galiraju said:

avi checking intrest rates kno not savings

Yes. Two good options. Bayata aaru paisalu isthunnaru. Naalugu rupayala vaddi ante ekkuve kada..

[roxiczone]

em decide ayyav ankul final ga