• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
APY GUY: Maximize Your Savings & Earnings

APY GUY: Maximize Your Savings & Earnings

  • CD Rates
  • Money Market
  • Online Savings Accounts

Lauren Graves

Comenity Direct High Yield Savings – 0.60% APY + 0.90% APY CDs

Lauren Graves
January 28, 2021

image credit: direct.comenity.com

[Update January 2021: The APY (annual percentage yield) on Comenity Direct’s variable rate high yield savings account and all of their fixed rate CDs remain unchanged to start the new year. Their last rate drop was in September of last year.]

You may have heard of Comenity – the global credit card services provider with a product range featuring more than 145 retail-branded credit cards – but did you know they do FDIC-insured deposit accounts as well?

This corporation’s online banking services sector, Comenity Direct, offers online CDs and a high yield savings account featuring APYs well above the national average.

Comenity Direct scores high marks across many review platforms for its high-yield savings and certificate of deposit accounts – which require fairly low opening deposits, incur minimal fees and boast big rates.

That said, Comenity Direct isn’t perfect – customer experiences are mixed and other banks are going to have more options for accessing cash – but if high savings rates are what you’re after, the pros seem to outweigh the cons in a significant way.

Comenity Direct High Yield Savings Account APY + Details

Although FDIC insurance only covers you up to $250k, Comenity Direct’s high yield savings accounts earn interest up to $10 million.
BalanceAPY
$1000.60%

Recent Rate Drops on Comenity Direct’s High-Yield savings account:

  • dropped from 1.70% to 1.55% APY on May 18
  • and then from 1.55% APY to 1.45% on May 21,
  • and then again from 1.45% to 1.35% APY on May 29th,
  • and then from 1.35% to 1.10% APY on July 1, 2020
  • then again from 1.10 to 1.00% APY around July 23, 2020
  • dropped for the first time in August on the 14th to 0.80% APY (down from 1.00% APY)
  • dropped in September, 2020 to 0.60% APY

The national average, for context, has been hovering around 0.07% for several weeks and doesn’t seem likely to go up any time soon. That said, remember that these online savings account rates are variable and can change at any time without notice. Interest on the Comenity Direct High Yield Savings account is compounded daily and credited monthly back to the account. 

For such a strong rate of return, you might assume that these accounts require a high minimum opening deposit and balance, but this is not the case. As with many online savings accounts the minimum balance required to open and earn interest is quite low – at just $100. You’ll want to note that you won’t earn interest if your balance drops below $100 and if it happens too frequently Comenity Direct may close your account.

There are few fees you should be aware of with the Comenity Direct High Yield Savings account:

  • $25 per outgoing wire transfer,
  • $15 per paper check, and
  • $5 per paper statement (in an effort to encourage fully paperless billing and banking).

As for monthly maintenance, incoming wire transfers, ACH transfers, and online statements, these are all free and there is, again, no low balance fee. In compliance with federal regulation D, you can make up to 6 transactions a month for free. An excessive withdrawal fee is not listed, so Comenity Direct may just prohibit transactions over this limit from going through.

To add funds when you open an account, link an external bank account and make a transfer or set up direct deposit. You cannot deposit cash.

Comenity Direct CD Rates + Account Details

Although FDIC insurance only covers you up to $250k, Comenity Direct’s certificates of deposit earn interest up to $10 million.

Like Comenity Direct’s savings account, their CD accounts are also miles ahead of the national average in terms of APY. You’ll also notice that rates still increase with the terms, which can’t be said for many institutions’ deposit products today.

CD TermAPY
1 year0.60%
2 year0.75%
3 year0.85%
4 year0.85%
5 year0.90%

To give these rates some context, the current national average for a 1 year CD is just 0.22% APY currently.

You can still lock in 12 month CDs above 0.90% APY through some credit unions but the pickings are slim.

These are all standard certificates. There aren’t any special, jumbo, or step-up CDs in their product suite at this time.

With a minimum deposit of $1,500, you can open a Comenity Direct certificate of deposit account under any term. The same fees apply for certificate accounts as with the savings account mentioned above with the only addition being early withdrawal fees.

Early Withdrawal Penalties

Early withdrawal policies with this bank are straightforward.

  • If your term is between 12 months and 3 years in length, you’ll owe 180 days’ interest for an early withdrawal.
  • If it’s greater than or equal to 4 years, you’ll owe 365 days’ interest.

Grace Period

The grace period is 10 days after maturity. You can let your account automatically renew after this period expires or cash out the full balance before the time is up. In other words, when your certificate matures, you’ll have 10 days to either add funds or withdraw funds and close the account.

Interest and Dividends

Interest compounds daily and is credited to your account monthly.

Dividends can be paid out via ACH transfer to a linked external account or to your Comenity Direct High-Yield savings account if you call customer service to make this request at least 3 days before the interest is applied. But unless you put in this request, your account will default to depositing credited interest back into the certificate.

Banking Reviews and Customer Sentiment

If you were to ask 10 different Comenity Direct customers how satisfied they were with their overall banking experience, you’d likely get 10 very different answers. This range is reflected in the thousands of online ratings left for the bank. 

If you go to DepositAccounts, for example, you’ll find a dead-average 2.5-star rating out of 22 reviews. If you go instead to ConsumerAffairs, you’ll see a single star. And over on WalletHub, 16,846 people have given the bank an average score of 3.8 stars. Keep in mind the sheer number of reviews on WalletHub versus the others likely make it the most accurate reading.

Taking customer feedback into account, Comenity Bank scores a little better than what’s normal for a respectable and trustworthy bank or credit union. And because Comenity Direct is an offshoot of Comenity Bank and offers only deposit and savings accounts through this company, these reviews are largely for Comenity Direct accounts.

Understand that many banks and credit unions are receiving harsh feedback from their users at this time amidst the panic of COVID-19 and all of the financial difficulty that has come with it.

The Comenity Direct app has just 2.5 stars on Google Play but 4.4 stars on the App Store. Do with this discrepancy what you will, but it seems like the mobile app performs better on Apple devices. Remember, you can also do your banking online if their apps are underperforming.

The Comenity Direct Customer Care Center is available to take your call from 7 AM to 11 PM (CT) Monday through Friday and from 9 AM to 5 PM on weekends and holidays. The number for this is 1-(833)-755-4354. You can also reach help online through the web banking platform. Unfortunately, there is no live chat feature at this time and no option for those that prefer sending an email or letter. 

There are no Comenity or Comenity Direct branches or ATMs, so ATM access is a no-go. But since there are also no ATM or debit cards offered with these deposit accounts, this shouldn’t be too surprising. This bank does not allow cash deposits, but you’ll be able to make and receive unlimited ACH transfers.

Final Thoughts

All in all, if you’re after respectable rates, there are many reasons to sign up for a Comenity Direct high yield savings or deposit account. What this online-only institution lacks in physical accessibility it makes up for in competitive rates. So as long as you are on board with the basic concept of online-only banking and see at-your-fingertips banking as a benefit of going digital rather than a hindrance, Comenity Direct is a strong choice.

Outside of attractive rates, Comenity Direct doesn’t charge many fees on its highly rewarding savings and deposit accounts. The accounts also compound interest daily and allow for unlimited ACH transfers.

Filed Under: CD Rates, Online Savings Accounts Tagged With: Comenity Direct

10 Best Budgeting Apps for January 2021

Lauren Graves
January 26, 2021

If you’ve decided to be a better steward of your finances in 2021, then a logical place to start is with a good budgeting app that meets your own unique circumstance and requirements.

Finance apps, in general, exploded on the scene in a major way in 2019 and have been transforming the way we spend, invest, manage and budget our own money. The pace of user adoption is also growing rapidly. In 2020 personal finance apps saw a staggering growth rate of 90% in usage and downloads. If the past is any indicator of the future, then we expect 2021 to only continue that trend.

All that to be said, new personal finance apps are entering the market at a breakneck pace, so as a consumer you’ve got plenty of great options out there – and they’re only getting better!

In our report below we’ve outlined what we believe to be the best budgeting apps for various hypothetical circumstances.

At the very minimum you’ll want to make the budgeting app you choose has the basics covered. Generally speaking, these are:

  • Ability to connect with your financial accounts. Ideally several at a time.
  • Ability to track spending and automatically categorize your expenses to get a holistic view of where your money flows.

Depending on your individual circumstance, your budgeting app should be able to do a great deal more than that. Hopefully our breakdown of the best budgeting apps of 2021 (below) can supplement your research and help you make your decision.

Goodbudget – Best App for Overspenders

Protect against overspending with Goodbudget!

If you often have trouble keeping your spending in check, try a budgeting app like Goodbudget that makes it easy to avoid overspending. 

Goodbudget uses the envelope budgeting system, also called zero-based budgeting. This approach to managing your money allows you to portion your paycheck into different categories—like mortgage payments, emergencies, and groceries—so that not a dime is unaccounted for. This means no surprises, which is often why many people end up overspending without meaning to.

Using Goodbudget, you can set aside money for each expected expense you have, with up to 10 free envelopes, and sync with your bank accounts to track balances as you go. With this app, you don’t have to deprive yourself of the things you want. Instead, you set reasonable limits for spending and can spend or save whatever is leftover (not in an envelope) as you please. You can even use Goodbudget to track your progress in debt repayments and set budget goals for big expenses like a wedding or home purchase.

A Goodbudget free plan gives you 20 envelopes, one account, two devices, and one year of history, while a Plus plan gives you unlimited envelopes, unlimited accounts, and up to seven years of history. A Plus plan costs $7 a month or $60 annually.

Where to DownloadRating (out of 5)
IOS4.7
Android4.4

These app ratings are accurate as per the publish date of this article.

Personal Capital – Best For Investors

Achieve your investing goals with Personal Capital.

Individuals with clear investing goals should take advantage of budgeting apps that allow them to plan their investments, not just their expenses and savings. Personal Capital provides just that.

Personal Capital is not your average budgeting app. Personal Capital offers comprehensive investment services, including portfolio management, investment tracking, retirement saving, and a net worth analyzer. A little like a robo-advisor, Personal Capital analyzes your investments to give you a snapshot of what you’re spending in fees, how your investments are doing, and let you know what asset classes you have investments in. Link your cards and accounts to track your spending and budget for expenses, even see upcoming due dates.

This app is great for managing multiple accounts in one place and seeing your budget alongside your investment portfolio.

You can get started with this tool at no cost or upgrade for a more complete service. Personal Capital offers professional advising services for an additional fee and wealth management for a fee of 0.89% annually.

Where to DownloadRating (out of 5)
IOS4.7
Android4.5

These app ratings are accurate as per the publish date of this article.

Honeydue – Best for Couples

Meet your budget goals together with your partner with Honeydue.

When you want to work together with your partner to build and manage a budget, choose an app that lets you easily share information and keep multiple accounts. Honeydue is the best app out there for couples in 2021.

Honeydue supports couples in meeting their budgeting goals by making it easy to share spending information and coordinate goals and due dates. With this app, you get to choose how much your partner sees. If you prefer a bit of privacy, you can choose to display only the balance of your accounts and no transactions. If you and your partner want to be completely accountable to each other, you can opt to keep everything out in the open and put real-time transaction updates on display. 

It’s easy to use Honeydue to avoid late fees as well. Set push notifications to remind yourself and your spouse of upcoming bills and see how much you’re paying in late fees. If you have a concern about a purchase your significant other made, you can comment on the transaction right in the Honeydue app (before it turns into a fight). 

Honeydue is free to use because the app advertises credit cards and other financial products to users.

Where to DownloadRating (out of 5)
IOS4.5
Android4.1

These app ratings are accurate as per the publish date of this article.

Albert – Best for High Net Worth and Building Wealth

Manage your budget while building your portfolio with Albert.

There are numerous great apps out there for high net worth individuals looking to grow their wealth, but Albert is one of the best. More than just a budgeting app, Albert is a money management tool that can help you track your spending, build an investment portfolio, and meet savings goals. 

Only a $1 minimum investment is required to start investing with Albert and trades are commission-free. You may choose to either let Genius, Albert’s automated investment manager, build your portfolio for you with guided investing at the risk tolerance of your choosing, or you may opt to manage your investments yourself. Whatever you choose, you will have access to both U.S. and global stocks and options across numerous categories.

Albert can help you with budgeting by tracking your spending for you from your linked accounts, alerting you to upcoming bills, and projecting upcoming deposits before they are made. It also automates savings for you with a tool called Smart Savings that identifies opportunities to cut costs based on patterns in your spending. These savings are instantly deposited into a digital wallet in the app and can be withdrawn at no cost. If you have the free version of Albert, you’ll get one Smart Savings deposit a week and an annual bonus of 0.10%. If you have a Genius subscription, you’ll get as many Smart Savings deposits as you want and an annual bonus of 0.25%.

An Albert Genius subscription starts at $4 a month, but you will receive more support if you pay more. With this service, you’ll be able to talk to human advisors about your investments and choose the automated investing option mentioned above. Albert Investments is an SEC-registered Investment Advisor. A basic Albert subscription is free.

Where to DownloadRating (out of 5)
IOS4.6
Android4.1

These app ratings are accurate as per the publish date of this article.

PocketGuard – Best Free App

Why pay fees to manage your budget when there’s PocketGuard.

You don’t need to pay for a subscription to keep a tidy budget. For a free app with full budgeting capabilities, try PocketGuard.

Set your budget by allocating funds for bills and necessities first and then PocketGuard will let you know how much spendable money is leftover. Customize your budget by categorizing your spending into pockets and the app will generate a personalized budget for you. Tweak this as needed when you first start budgeting with PocketGuard, then let the app take over.

PocketGuard also looks for savings for you by scanning your bills and finding opportunities to lower them, even helping you negotiate lower rates as needed. The more accounts you link and bills you decide to track, the more money you will save. With PocketGuard, you can also turn on automated savings to be deposited into your wallet from your checking account as you get paid. Just set savings goals and, again, PocketGuard does the heavy lifting.

All services offered by PocketGuard are completely free when you use the basic version and app. There is a paid version called PocketGuard Plus, a subscription that will run you $34.99, but this upgrade is not necessary for most budgeting purposes.

Where to DownloadRating (out of 5)
IOS4.7
Android4.3

These app ratings are accurate as per the publish date of this article.

EveryDollar – Best for Cash Flow

Monitor every cent with EveryDollar.

If you ever find yourself wondering where exactly your paycheck ends up each month in a mess of bills, a budget app that focuses on cash flow will likely be good for you. To see where your money comes from and where it’s going from your smartphone, get EveryDollar. 

This is a zero-based budgeting app created by personal finance advisor Dave Ramsey. Use this app to make a plan for every dollar of your paycheck and easily track your cash flow when you earn, spend, save, and donate money. EveryDollar allows you to micro budget to the dollar and makes it easy to do. It also shows you a graph that breaks down your spending into categories so you can see where the majority of your money is going and identify possible places to cut your spending.

The premium version of EveryDollar—Ramsey+, formerly called EveryDollar Plus—costs $129.99 annually, but the basic version is entirely free. The only difference between the two in terms of budgeting is that the free version requires you to manually track your transactions and the paid version syncs with your accounts to track transactions automatically. 

Ramsey+ also offers more comprehensive financial literacy resources including courses and coaching as well as debt repayment tracking, but you don’t need any of this for day-to-day budgeting.

Where to DownloadRating (out of 5)
IOS4.8
Android4.4

These app ratings are accurate as per the publish date of this article.

Toshl Finance – Best for Business

Get the most out of your small business budgeting app with Toshl Finance.

Business owners have a lot on their plates when it comes to money management, and that’s why it’s important to get an app like Toshl Finance to make this difficult task a little more straightforward. This app allows users to create budgets easily and track spending using a “River Flow” graphic that shows how your money trickles down into various expense categories. 

While Toshl is not specifically marketed as a business app, it lends itself nicely to business accounting. It is incredibly user-friendly and feature-packed. It’s easy to enter data into the Toshl app via file imports, manual entries, and account syncing. It’s also possible to input income streams in multiple different currencies and print monthly expense reports right from the app to keep a record of your spending. 

When you budget for your business with Toshl, you can link several financial accounts to fully customize your budget projections. On top of this, Toshl lets you create categories and tags for your expenses to make it that much easier to see spending patterns. Your budget can operate on whatever timetable is most convenient for you, whether that’s day-to-day, week-to-week, month-to-month, or something else entirely. Sync your expense cards and business credit cards with the app to track your business spending, which is projected in a clear graph that shows how much you’ve spent each month. Use the “left to spend” feature to see what you can afford to pay in operating expenses while still staying in the green.

A basic Toshl subscription, which allows you to set up to two budgets and sync with two sources of income, is free. A Toshl Pro subscription is only $39.99 a year and it allows you to set unlimited budgets, sync multiple income streams, set repeating transfers, and even upload receipts.

Where to DownloadRating (out of 5)
IOS4.7
Android4.5

These app ratings are accurate as per the publish date of this article.

YNAB – Best for the Super-Organized (Type A Personality)

Control every aspect of your budget with YNAB.

If you have a type-A personality, you probably keep a meticulous budget. For super-organized budgeting like this, download You Need a Budget or YNAB. You Need a Budget is another zero-based budgeting app, but with a unique approach to executing this type of money management.

What makes this app perfect for super-organized, type-A users is that it is very hands-on. It gives you total control over every aspect of your budget so you can play an active role in your finances. YNAB’s philosophy is that looking forward and making plans for your money will save you more in the long-run than spending money as you normally would and reflecting on what you’ve spent afterward. With that said, you won’t find any “set it and forget it” features in this app. You need to be prepared to keep checking in and updating your budget.

Budgeting with You Need a Budget means making a plan for every dollar you earn, even dollars you don’t have quite yet, and assigning everything—everything—a category. YNAB will remind you to make payments, give you choices for making those payments based on your linked accounts, and then prompt you to manually record those payments. Every time you go over budget in a spending category, You Need a Budget will immediately alert you to this and give you the option to adjust the budget as needed. Basically, while YNAB requires you to be heavily involved in your own budgeting, it provides many helpful prompts along the way so that you’re not figuring it all out alone.

An annual subscription for YNAB costs $84 per year. This cost includes not only budgeting software but also free workshops by personal finance experts, the ability to budget with your partner, and plenty of graphics and reports showing you how you’ve spent your money.

Where to DownloadRating (out of 5)
IOS4.8
Android4.1

These app ratings are accurate as per the publish date of this article.

Wally – Best for Simplicity

Only available for IOS currently.

On the other end of the spectrum, sometimes you just want to keep things simple and put minimal effort into budgeting. If low-maintenance budgeting is your thing, the Wally app is for you. This app is known for its simple and functional interface.

Like the other budgeting apps mentioned so far, Wally lets you easily categorize your expenses and spending and see how you’re doing staying on track from the home screen. But where this app really shines is that it requires almost no intervention on your part. You do need to input transactions manually (unless you have the paid version), but you can scan receipts to do this if that’s easier. Wally also tracks your location as you use your card to automatically generate purchase details and create tracking shortcuts for the places you frequent.

Wally also offers the option of budgeting with a group of people. You can even upload important documents like lease agreements and bills with the people in your group for the sake of accountability and (relatively) painless shared financial responsibility.

The free version of Wally uses a stripped-down budgeting platform with few bells and whistles. The paid version of Wally, Wally Gold, costs $35.99 a year or a one-time payment of $47.99 for a lifetime subscription. This version includes the option of linking joint accounts and setting payment reminders, among other possibly useful features.

Where to DownloadRating (out of 5)
IOS4.0
AndroidNA

These app ratings are accurate as per the publish date of this article.

Mint by Intuit – Best for Monitoring & Building Credit

Monitor your credit score at any time for free with Mint.

When credit is your number one concern, keep an eye on it with a budgeting app that can help you manage and build credit. Mint by Intuit accomplishes this by giving users easy access to their credit score.

The Mint app is critically acclaimed for a number of reasons, but it made it on this particular list because it features credit monitoring services. Through the Mint app, you can see your credit score at any time for free (and, of course, without hurting your credit) and Mint will keep an eye on your full credit report too and let you know if anything changes. You do not need to pay for or opt into this service—it’s available to all users.

In addition to helping you monitor and build your credit, Mint lets you track your spending, customize your budget, and set financial goals like any other great budgeting app. This app also offers investment portfolio tracking, notifies you of upcoming payments by predicting what will be due based on your spending habits, and lets you set unlimited financial goals without a pricey subscription.

Mint is completely free. There isn’t even a paid version to mention, as Mint generates revenue by advertising financial products with other institutions. What’s more, the Mint site features a Home Affordability Calculator that can give you an idea of what kind of house you can afford and a Loan Repayment Calculator to show you how long it’ll take you to pay off your loans.

Where to DownloadRating (out of 5)
IOS4.8
Android4.5

These app ratings are accurate as per the publish date of this article.

What to Look for in a Budgeting App

Above all, a budgeting app should make your life easier, not harder. You shouldn’t need to spend several hours learning how to use an app that you’re trusting to help you with money management, because you’re more prone to making mistakes when you don’t understand. 

An app should also do most of the hard work for you. If you have to track every transaction yourself, input every deposit and withdrawal, or calculate your spending by category, then you’re better off looking for a different app (unless hands-on budgeting is the purpose of the app, as is the case for YNAB).

Look too for features. The best apps offer flexibility and additional services on top of budgeting capabilities. Will you have access to a support team or advisor? Are there any financial literacy resources available? Can you share your budget with someone else, access any graphic representations of your spending, or import and export files from the app? Will the app nudge you to make payments on time or look for ways you can save money on recurring expenses?

Security-wise, any budgeting app you use should have exceptional security measures in place to protect your information, especially if you’re looking to link your accounts or let the app move any money for you (as in an automated savings program). Nothing less than federal bank-level security will do. Look into encryption information and data protection policies for any budgeting app you consider.

There are enough great options out there that you can afford to be picky.

When Should you Pay for a Budgeting App vs Use a Free Option

The answer to this question really depends on two things: what exactly you’re using a budgeting app for and what the premium version costs. If you’re just using a budgeting app to get an idea of how much you’re spending on various expenses and its paid version offers features you know you’d never use, keeping the free version is a no-brainer. 

Likewise, if your goal with budgeting is to save money or reduce your spending because you have a lot of debt, it probably doesn’t make sense to shell out over $100 for a budgeting app annual subscription unless there is a guarantee you will easily make that money back in savings in less than a year. 

Take the examples in this list. If you own a business, you could stand to save a ton of money doing a lot of the budgeting work for yourself over paying an accountant to do that for you. At only $39.99 a year, a Toshl Finance subscription that offers robust budgeting tools is probably justified. But if you’re just using a budgeting app to save money, you probably don’t need to pay $129.99 a year for Ramsey+ when you could just use the EveryDollar app for free and access unpaid financial literacy resources elsewhere. 

When in doubt, try the free version of an app first and see if it meets most of your needs. If it doesn’t, try a different one instead or addition to it. Also, most premium subscriptions include a free trial for anywhere from two weeks to 30 days. Take advantage of opportunities to try these out before buying and look into refund policies just in case.

Filed Under: Personal Finance

Discover Bank CD Rates – Now up to 0.60% APY!

Lauren Graves
January 25, 2021

image credit: discover.com

[Update January 2021: Discover Bank CD rates remain unchanged to start the new year. See below for current rates.]

Ever since Sears first introduced the Discover Credit Card back in 1985, the Discover Bank brand has largely become a household name.

Although the bank is often associated with their popular credit cards, they also have a suite of deposit products featuring annual percentage yields considerably above the current national average(s). This suite comes with an online savings account, money market accounts and certificate of deposits with wide-ranging terms.

In this review we will just focus on Discover Bank’s CDs. Terms range from 3 months to 10 years and, like all of Discover Bank’s deposit products, are federally insured by the FDIC up to $250,000.

If you’re in the market for an FDIC insured bank CD, Discover Bank is certainly worth exploring.

Discover Bank CD Rates

Discover Bank CDs require a minimum deposit of $2,500 to open an account. All CD accounts are federally insured by the FDIC up to the applicable limits.

CD TermAPY
3 months0.20%
6 months0.25%
9 months0.30%
12 months0.50%
18 months0.50%
24 months0.50%
30 months0.55%
3 years0.55%
4 years0.55%
5 years0.60%
7 years0.60%
10 years0.60%

To put Discover Bank’s CD Rates in perspective, the current national average for a 12 month and a 60 month CD sit at just 0.15% APY and 0.32% APY, respectively, according to recent FDIC data.

Discover Bank still has ascending rates with longer terms, albeit not by much. We saw this curve flatten over the course of 2020 with many online banks and credit unions and expect it to remain flat through 2021.

How Do Discover Bank CDs Stack Up Against The Competition?

As mentioned, all of Discover Bank’s CD accounts come with a minimum deposit requirement of $2,500. This is steeper than most online banks which generally feature minimum deposits between $0.01 – $1,000.

Their APYs (annual percentage yields) are on par with other online banks at the moment and are comfortably ahead of the big banks.

That said, there are still several online banks and a handful of nationally available credit unions that offer better yields on fixed rate deposits.

Discover Bank isn’t shy about benchmarking their deposit rates against the competition either.

Discover Bank lets you compare their deposit rates to other competing banks.

In fact, on the CD section of Discover Bank’s website (shown above), they have a very helpful interactive widget that allows you to add other banks and compare current deposit rates.

They have a couple banks defaulted into the module when you start – US Bank, Bank of America and Capital One, but you can choose up to 6 different banks to compare (only 3 at a time).

Unfortunately no credit unions can be added to the comparison module at this time.

Opening your Discover Bank CD

Once you’ve found the right CD term for you, you can navigate to Discover Bank’s online CD page here and click the orange “Open an Account” button found at the top right of the page and directly in the center under the words “Lock in your future.”

When you begin the application process, you’ll want to have some personal information readily available. Be prepared with the following:

  • full name
  • home address
  • date of birth
  • phone number
  • Social Security number
  • employment status (employer and length of employment may be requested)
  • driver’s license, passport or other form of photo ID

After your application is completed and accepted you can fund the account.

Funding your Discover Bank CD

Upon completing the application you will have exactly 45 days to fund this account. The account can be funded in one of 4 ways. Here are the 4 ways in which you can fund your account:

  1. Transfer funds from another bank account via an online transfer.
  2. Transfer funds from another bank account via telephone. This function is only available for your initial transfer. Call 1-800-347-7000 to get started.
  3. Download their mobile app from iTunes or the Google Play store and complete a mobile check deposit.
  4. Make a check out to yourself and send it via snail mail to the following address: Discover Bank P.O. Box 30417 Salt Lake City, UT 84130

Discover Bank CD Account Details

There are a few details to your Discover Bank CD that you should be aware of.

First, your deposit is federally insured by the FDIC up to $250,000 in case of bank insolvency during your deposit term.

Second, fees. While this account has very little to worry about in terms of fee’s there are a couple you should be aware of – most notably early withdrawal fees. If you need your funds in the case of an emergency an early withdrawal fee will be applied. That said, this is quite standard with any Bank CD and Discover Bank’s fees in this regard are on par with other major banks.

Discover Bank’s early withdrawal fee structure:

CD TermPenalty
less than 1 year3 months simple interest
1 – 4 years6 months simple interest
4 – 5 years9 months simple interest
5 – 7 years18 months simple interest
7 – 10 years24 months simple interest

The only other fee you’ll need to be aware of is for outgoing wires. If you plan on moving any money out of the CD upon maturity you’ll incur a $30 fee per wire.

What Happens When Your Discover Bank CD Matures?

Exactly 30 days prior to your Discover Bank CD maturing, Discover Bank will send you a notification making you aware of the date.

Upon maturity you will enter what is referred to as a grace period. The grace period with Discover Bank CDs is 9 days. During these 9 days you can make additional deposits, withdraw any interest or principal or change the term of your deposit. However, once you take any of the aforementioned actions, this will trigger the end of your grace period, even if the full 9 days are not up.

If you do nothing during the 9 day grace period your CD will automatically renew into the same CD term you had before with whatever current APY Discover Bank is offering on said term.

Earning and Allocating Interest On Your Discover Bank CD

You’ll start earning interest on your deposit the same day it is funded. The interest is compounded daily and returned to the deposit (or another Discover Bank account) once per month.

With the interest earned you can do one of two things:

  1. The do nothing / default option places the interest back into the CD to compound until maturity.
  2. If you’re living off of the interest as income, or for whatever reason want the interest to be accessible, you may have it transferred to another Discover bank account.

Discover Bank Customer Sentiment + Account Features

Discover’s performance as a bank is above average with user reviews hovering around ​4 out of 5 stars on the top review sites​.

The online institution simply has a reputation for being a stand-up company with total transparency, and it’s known for having a team of customer service representatives that are as helpful as they are speedy. User reviews reflect satisfaction with the bank, with only the occasional angry customer reporting excessively long transfer holds, unexpected account closures, and the like.

Likewise, the Discover app is top-notch. Millions of Apple and Android users agree that this mobile banking app deserves a near 5 star rating for a platform that’s almost as simple to use as it is functional. If you’ve read our mobile app reviews of other online banks you’ll quickly notice this is far from the norm. Discover Bank has native apps for both IOS and Android.

Overall, Discover online and mobile banking platforms are user-friendly and representatives are knowledgeable and friendly.

Discover has multiple phone lines devoted to various banking needs, and these are all open 24/7 year-round. To open or manage an account, call 1-800-347-7000. For online banking tech support, call 1-800-290-9885. For everything else, visit ​this page​ for the right number. Mail can be addressed to:

General Correspondence Discover Bank
P.O. Box 30416
Salt Lake City, UT 84130

Discover has only one branch (the bank’s headquarters in Delaware), but there is a sizable network of ATMs​ from which you can service your accounts at no cost.

Discover will allow you to make incoming or outgoing ACH transfers of up to $250,000 per month.

Final Thoughts

Discover Bank CDs consistently feature APYs that are significantly higher than the national average – usually just a handful of basis points away from the highest yielding accounts.

They have invested considerable time and resources into developing one of the most straight and easy to navigate online banks with account perks that outdo many of their competitors.

If you like all of your accounts under one roof, then Discover Bank is definitely worth the look. From online savings accounts, checking accounts, credit cards and CDs, Discover Bank has it all.

Filed Under: CD Rates Tagged With: Discover Bank

Edward Jones CD Rates – Now Up to 1.35% APY!

Lauren Graves
January 24, 2021

image credit: edwardjones.com
Full disclosure: We may receive financial compensation when you click on links and are approved for products from our advertising partners. Opinions and product recommendations on APYGUY are those of our writers and have not been influenced, reviewed or approved by any advertiser. Learn more about how we make money.

Edward Jones is a brokerage firm you’ve probably heard of over the years as it nears almost a century in age.

Founded in 1922, Edward Jones scores surprisingly well in customer satisfaction—18 points over the industry average, according to a J.D. Power 2019 survey—and is known for being a largely reliable and professional company.

The current suite of brokered certificates of deposit offered through Edward Jones are less competitive than the current national average for their respective terms and higher yields can be found directly through online banks and credit unions.

Because Edward Jones is a brokerage firm and not an actual bank they don’t sell their own CDs. Instead, they ‘broker’ or re-sell a range of deposits from other banking institutions.

Are Edward Jones brokered deposits worth considering? Read our full review below.

Edward Jones CD Rates + Account Details

No one would blame you for being unimpressed with the rates offered through Edward Jones certificate accounts. Their APYs sit far below those found through online banks and many nationally available credit unions.

That said, these products do have some advantages. For one, you can exit these CDs at any time by selling them through a secondary market which Edward Jones offers. Second, you can spread your funds into multiple banks with Edward Jones as your broker.

Edward Jones CD Rates

CD TermAPY
3 monthsNA
6 monthsNA
9 monthsNA
1 yearNA
18 monthsNA
2 years0.15%
30 monthsNA
3 years0.15%
4 yearsNA
5 years0.40%
7 yearsNA
10 years1.35%

All Edward Jones CDs require minimum opening deposits of $1,000. Please note that 3, 6, 9, 18 and 30 month CDs as well as 1, 4 and 7 year CDs are not available at this time.

To give these offers some context, the current national average for a 12 month CD and a 60 month CD sit at 0.22% APY and 0.47% APY, respectively.

If you’re looking for FDIC-insured alternatives, there are still a handful of online savings accounts providing yields above 0.50% APY. For example, the Axos High Yield Savings account still holds an APY of 0.61% APY!

Edward Jones Brokered CDs Account Details

A few crucial distinctions must be made between standard CDs and Edward Jones’s brokered CDs.

The most important of these being that you do not open or manage brokered CDs yourself. On top of that, the actual CD isn’t technically a product of Edward Jones at all. Instead Edward Jones purchases a CD for you from one or many different banks in partnership with this firm.

You can open new CDs with Edward Jones or you can purchase secondary CDs.

If you open a new CD with Edward Jones you will not have to pay any commission fees. Edward Jones will receive a concession from the bank that takes your deposit, but this is already factored into the price.

If purchasing a CD on the secondary market, you will have to pay Edward Jones a commission just like you would purchasing stock. You can see what commission they take in the trade confirmation.

A benefit of Edward Jones brokered CDs is that they don’t have early withdrawal penalties. If you need to cash out of your deposit early you can simply sell it to another investor on the secondary market.

Unfortunately, this also means there is an inherent downside to these products in that their price fluctuates on the open market and can feasibly be sold for less than the purchase price.

For example, if you open a 5 year deposit and need the funds after year 2, during which time interest rates have risen considerably, you may have a tough time selling your deposit for your full purchase price.

Conversely, if you purchase a 5 year deposit and rates drop significantly (which they have) then you may find investors willing to offer a premium on your CD on the secondary market.

Also note, interest earned on Edward Jones CDs does not compound. This is true of most brokered CDs as they require an immediate distribution of interest. The terms of your personal CD will tell you how often the interest on your account is credited and where.

Brokered CDs with Edward Jones do not automatically renew.

How to Purchase a CD Through Edward Jones

To open a brokered CD with Edward Jones, you’ll first need to set up a brokerage account with them if you don’t have one already. Edward Jones is a full service brokerage account with no minimum deposit requirements for account opening.

Opening up an Edward Jones brokerage account can be done online, however purchasing an Edward Jones brokered CD can not. For this you will have to go to a local office and fill out the paperwork. They will provide you with a prospectus to look over and discuss your options with you before you make any decisions.

As soon as your initial deposit clears, you are free to buy a new CD or a secondary CD through your Edward Jones broker.

Additional Deposit Accounts Offered Through Edward Jones

Edward Jones is a member of SIPC and deposit products with this firm are insured up to $250,000 per depositor.

In addition to its extensive suite of investment products and brokered CDs, this firm also offers money market funds and a cash management account.

Edward Jones Money Market Funds

Money market funds offered at Edward Jones, and most other brokerage firms, are not money market accounts. Money market funds are simply liquid mutual funds with good cash access. Money market accounts are federally insured deposit accounts with a guaranteed return of principal plus accrued interest.

Because money market funds are mutual funds with cash access, they do not guarantee that you will receive a full return on your principal.

On top of that, the cash in a money market fund may be used to invest in CDs or other short-term investments, but deposits into these funds are not FDIC insured.

Edward Jones money market funds are available as investment shares and retirement shares – both of these taxable options. You will be charged a $3 monthly maintenance fee for retirement share class money market funds with balances below $1,500 and a $3 monthly maintenance fee for investment share class money market funds with balances below $2,500. Talk with your advisor about cash and cash equivalents available for you to invest in with your money market fund—this will vary. 

There is no minimum investment required to open a money market fund and the current 7-day yield per share is 0.01%.

On the positive side, these money market funds make withdrawing and using money simple because they allow you to write unlimited checks and use a Visa debit card. Transactions and withdrawals are unlimited, unlike money market accounts.

Edward Jones Flex Funds Account (Cash Management Account)

An Edward Jones Flex Funds account is a cash management account that earns interest on your uninvested balance.

There is no annual fee and you can write up to 120 checks per year free of charge. This account is insured up to $1.5 million leveraging multiple banks’ $250,000 FDIC deposit insurance using the “Bank Sweep Program.”

With a Flex Funds account, you can set short-term savings goals for yourself and easily track your progress toward them. Your financial advisor can go through the details about how to strategize saving and investing with this account, but you have a lot of options and flexibility overall with a product like this.

Account Set-Up and Management

Edward Jones allows you to make quick and easy deposits into your account(s) and transfer funds electronically. You can enroll in online bill pay and link a direct deposit to one or more of your savings or investment accounts. Mobile check deposit is another feature included on the Edward Jones native apps for both Google Play and App Store. Though poorly rated, the apps are comprehensive and functional.

Final Thoughts

Edward Jones may be a more than satisfactory brokerage firm, but its brokered CDs do not offer competitive rates at this time. In fact, they fall short of the current national average for each of their respective terms.

Their money market funds and cash management account have some benefits, but more competitive account features and rates can be found through other brokerage firms.

Filed Under: CD Rates

Fitness Bank Savings Review – Up to 0.70% APY!

Lauren Graves
January 21, 2021

If you regularly rack up 12,500+ steps per day, you can lock in one of the highest savings rates in the country!

How far have you gone to save money? If your answer is 10,000 steps or more a day, you might want to hear about FitnessBank.

Self-described active lifestyle bank, FitnessBank is an FDIC-insured online member bank that wants you to stay (or get) fit almost as much as you do. By incentivizing fitness progress with financial savings, this modern bank strives to keep you accountable and boost your morale during your wellness journey.

About Fitness Bank

Though new itself, FitnessBank is a division of ​Newton Federal Bank​, an entity with roots in 1947. But as the only company in America that links physical activity with earnings, FitnessBank is the first of its kind.

This online bank only offers savings accounts: the Fitness Savings and the Senior Savings Account. So if you’re looking for a bank that features checking account options, retirement guidance, investment opportunities, or physical branches, look elsewhere. In addition, this bank operates 100% online, so FitnessBank accounts are only for those fully comfortable using technology to manage their money.

As a non-traditional digital bank, FitnessBank joins the likes of popular FinTech companies such as ​Simple​, Affirm, ​Chime​, Aspiration​, and more. If you want to become part of a new kind of banking, keep reading to find out if a FitnessBank savings account will fit your lifestyle.

Fitness Bank Savings Account

FitnessBank’s method for establishing your APY is what sets it apart from the rest of the online savings accounts out there. The interest you earn on your FitnessBank savings account is determined entirely by the physical steps you take. Your average daily step count is calculated each month and your APY adjusted accordingly. Because of this payment method your interest is both compounded and paid out monthly.

A Fitness Savings account is available to anyone U.S. citizen that’s 18 years old or older for an opening deposit of $100, and signing up is easy. The company boasts a straightforward ​application​ that takes less than two minutes to complete. Account balance thresholds are:

  • Account minimum:​ $100
  • Account maximum:​ $250,000

With a Fitness Savings account, the following actions and features are free:

  • online banking
  • external account transfers
  • incoming wire transfers
  • eStatements

Here is a breakdown of all fees attached to FitnessBank accounts:

Maintenance Fee$10/month
Excessive Withdrawal Fee$10
Overdraft Fee$40

The monthly maintenance fee of $10 is waived for accounts with an average daily balance of $100 or more. The excessive withdrawal fee of $10 per transaction is charged when you make ​more than six debit transactions​ (withdrawals or automatic transfers/payments), or your monthly allowance, in a single month. An ACH incoming/outgoing transfer limit of $2,500 per day is enforced.

FitnessBank does not offer debit cards and there are no FitnessBank ATMs, so you will not be able to withdraw funds in-person at any ATM.

How the Step Tracker Works

The FitnessBank business model is made possible by the ​FitnessBank Step Tracker app​. This proprietary app links to a ​FitBit​,​ Google Play​, A​pple Health​, or ​Garmin​ activity-tracking device to log your steps and to your savings account to deposit earnings. You can set monthly APY and step targets for yourself and see your progress toward them right in the app.

Your APY is calculated month-to-month from the previous month’s step data. If, for example, your average daily step count for July is 10,000, your APY for August will be 0.60%. If your average daily step count for August is 8,700, your APY for September will be 0.50%.

The Step Tracker draws data from your chosen activity-tracking device, but the only way for FitnessBank to receive this data is for you to open the Step Tracker app between the first and third of every month. If you forget to do this, FitnessBank will use the previous month’s step data to calculate your average daily steps. If you work hard to increase your daily steps, you’ll want to make sure that the Step Tracker app can see this. Don’t let expired data keep you from earning the rates you’re entitled to.

To further motivate users to perform, FitnessBank features Step Challenges and ​Leaderboards. Winners earn the rewards and prizes described in each challenge summary. There is a FitnessBank Step Challenge of the Month in which all FitnessBank customers can compete and promotional Step Challenges that are open to the general public. Contact ​onlinesupport@fitnessbank.fit​ if you’ve got an idea for a new Step Challenge.

Members can earn bonus steps in their ​StepBank​ for making referrals. These can be used toward an average daily step count or to purchase FitnessBank merchandise, dispensed at the user’s discretion. ​To connect with other dedicated FitnessBank members with goals similar to your own, consider joining a group​.

How to Earn Savings Rate APY

The savings rate APY for a Fitness Savings account varies from individual to individual, but the rate you will earn is predictable. There are five different APY tiers available through the Fitness Savings account, and these, along with the step count required to qualify for them, are shown in the chart below.

Fitness Savings Account Rates:

Daily Step RequirementAPY (Annual Percentage Yield)
0 – 4,9990.30%
5,000 – 7,4990.40%
7,500 – 9,9990.50%
10,000 – 12,4990.60%
12,500+0.70%

0.70% APY is one of the highest yields available on a savings account, but you’ll have to work for it month-to-month to earn this competitive APY.

You might be wondering how FitnessBank can afford to offer such high savings to its most devoted customers. According to its website, it’s because they are an online bank with low overhead, “[making them] nimble and efficient.”

Senior Savings Rate APY

Any U.S. citizen over the age of 65 may apply for a ​Senior Savings Account​ with FitnessBank. The rates and step requirements for this type of savings account are:

Senior Fitness Savings Rates:

Daily Step RequirementAPY (Annual Percentage Yield)
0 – 4,9990.40%
5,000 – 7,4990.50%
7,500 – 9,9990.60%
10,000+0.70%

The foundation of FitnessBank is staying healthy, but that means something different for every age group. Because of this, seniors are held to different daily step requirements yet entitled to the same opportunities for high APYs. To earn the highest APY possible (0.70%), for example, people over the age of 65 have to take an average of 10,000 steps or more per day rather than 12,500.

Final Thoughts

For any ​already highly-active individual that is looking to combine their personal financial goals with their physical fitness goals, a FitnessBank savings account might be a great option. However, unless you are fully able and willing to commit to 10k steps per day (and have already proved this to yourself) then we would recommend looking elsewhere for an online savings account as you can likely find a better APY with another online institution.

FitnessBank is a fintech firm, so it’s part of a field that’s at the forefront of melding technology with finance. If you prefer your banks to be more traditional and well-established with brick and mortar locations, then you’ll want to look into other options as well.

Filed Under: Online Savings Accounts

Barclays Online Savings Account – Now 0.45% APY

Lauren Graves
January 11, 2021

image credit: banking.barclaysus.com

[Update January 2021: Barclays online savings account dropped from 0.50 to the current 0.45% APY.]

Although London-based, Barclays Bank has been around since 1690 and services just shy of 50 million customers worldwide, the online-only division was established in the US in 2003.

Barclays online deposit product suite is simple – with just an online savings account and a few standard term CDs.

In this review we will cover the variable-rate online savings account. It comes with a higher than average yield and no fees or minimum balance requirements.

Barclays was awarded the “Best Banks for Savings” rating by Nerdwallet in 2019 and its online savings account consistently competes with the top APYs on the market.

You won’t be able to do all of your banking in one place with Barclays as they do not offer a checking account or ATM card, but if you’re comfortable managing your savings digitally in the interest of earning better interest, Barclays online savings account might be a good fit for you.

Barclays Online Savings Account Details + Current Rate

Barclays has only one savings account, the Barclays Online Savings. This account offers a solid APY of 0.45% currently and has no minimum deposit requirements to open the account. Once the account is open there is also no minimum balance requirements. To get paid interest, however, you will have to maintain an average daily minimum balance of just $1.00.

Interest is compounded daily and credited monthly to your savings account or an external account.

Barclays is a member of the FDIC, so all accounts opened with them are insured up to $250,000 or $500,000 for joint accounts.

Minimum Balance to earn interestAPY
$1.000.45%

To give this offer some context, the current national average for a savings account sits at just 0.07% APY currently.

How to Open the Barclays Online Savings Account

You’ll need a few basic things to get started with your account. Here is the information Barclays will require:

  • Name
  • Address
  • Date of Birth
  • Phone Number
  • Social Security Number
  • Occupation

Funding the Account

Barclays will also ask for the necessary bank information of where you will be transferring funds from. For this, you will need:

  • your current bank account routing number
  • your current bank account number

As with many online banks, you will need to verify two small test deposits that Barclays credits to your account before funding it. If you are making your initial deposit via check you can use $0.00 for these fields. Just be sure to mail your check in asap.

You can deposit funds via any of the following methods:

  • you can set up direct deposits,
  • make remote deposits through the app or website,
  • transfer funds electronically through an ACH transaction,
  • or mail a check to the following address: Barclays P.O. Box 4538 Carol Stream, IL 60197

Once your online savings account is open, you can easily transfer funds to other accounts and other banks for free (though you will have to wait 2 – 3 business days for these to go through). You can do this up to six times per month without incurring fees per Federal Regulation D. For each transaction after that, you’ll be charged $5.

The other fee to potentially look out for is the $5 non-sufficient funds fee, which is still significantly lower than what most banks charge. For more information on fees, continue reading below.

Barclays Online Savings Account Fees

As mentioned, the account comes with no monthly maintenance fees and no monthly balance requirements. That said, depending on what actions you intend to take with this account, there may be some associated fees.

Barclays Online Savings Fees

TypeFee
Excessive Transaction$5 each after the sixth
Stop Payment$0
Cashier’s Check$5
Returned Item$5 each
Non-Sufficient Funds (NSF) Fee$5 per item
Statement Copy$0.50 per statement
Express Mail/Rush Delivery Charge$25
Legal Documents$0
Account Research$0

Please note that Barclays does not accept wire transfers at this time.

Barclays Online Banking Experience

Barclays has ATMs, but you won’t be able to access them if you’re an online-only customer because the Barclays Online Savings account does not come with an ATM card.

There is also no U.S. branch network. To access your funds, you’ll have to transfer them to another account or cash out checks. And remember, Barclays does not offer a checking account at this time.

So what do US consumers have to say about this online institution?

Reviews are very mixed.

Until recently, customers have generally been satisfied with their experience with this bank. Out of 220 reviews on DepositAccounts, the bank earned a 4-star customer rating. Out of 472 customer ratings on ConsumerAffairs, the institution earned about 3.2 stars. Finally, on WalletHub, Barclays scored a 3.8 out of 24.2 thousand user reviews—overall, the bank is rated somewhere between 3 and 4 stars out of 5. (Keep in mind, however, that some reviews are of the global company and not of the online, U.S.-based retail bank alone.)

In normal environments consumers seem to be satisfied with this bank, especially for its interest rates and the ease of use of its digital platform. But in the past few weeks, amidst the panic of COVID-19 and the worrisome financial situations of so many Americans that have resulted, Barclays has received an outpouring of overwhelmingly negative reviews. 

As customers seek help in the form of mortgage relief, advice, answers, and more, Barclays has allegedly become flaky and unpredictable. Many users have reported unexpected account closures and freezes and countless customers are unable to reach customer service representatives at all. Though this might not be the typical Barclays experience, you’ll want to decide for yourself whether Barclays is a bank you can trust using this information.

As for the Barclays mobile app, this scores a 4.8 out of 5 on Apple’s App Store and a 4.5 on Google Play. Users report that this app is functional and easy to navigate—if basic—though the general consensus seems to be that its quality declines with each required update. You can do your banking online if you prefer, and customer service can be reached at (888) 710-8756 Monday through Friday from 8 am to 8 pm or through the live chat function on the site.

Final Thoughts

Barclays online bank may meet your savings needs, but there are a few considerations you’ll want to take into account. 

For one, their customer service seems to be unsatisfactory, at least for the time being. This is a red flag that shouldn’t be ignored, especially when the bank in question is online-only and you won’t be able to go into a branch to have your questions answered and concerns heard.

For another, Barclays doesn’t have many products, so doing all of your banking in one place won’t be possible. There has been talk of an online checking account option becoming available, but this has yet to happen.

On the positive side, Barclays online savings accounts are available to a wide range of people as they have no minimum balance requirements or monthly maintenance fees. Plus, it comes with an APY that consistently competes with the top yields available.

Filed Under: Online Savings Accounts Tagged With: Barclays

  • « Go to Previous Page
  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to page 4
  • Go to page 5
  • Interim pages omitted …
  • Go to page 9
  • Go to Next Page »

Primary Sidebar

APY Updates

  • 13 Lucrative Alternatives To CDs and Savings Accounts
  • FamZoo Review – Build Strong Financial Habits Early
  • Top 11 Crypto Savings Accounts for February 2021
  • Fifth Third Bank CD Rates & Savings Accounts: Are they Worth Opening in 2021?
  • SFGI Direct Online Savings Account – 0.56% APY!
  • Citi Accelerate High Yield Savings – Still 0.50% APY!
  • SunTrust Bank Money Market Review + CD Rates and Savings Accounts
  • Best High Yield Online Savings Accounts [February 2021]

The Big Banks

  • Bank of America CD Rates
  • Citibank CD Rates
  • Chase Bank CD Rates
  • Wells Fargo CD Rates + Way2Save
  • U.S. Bank CD Rates

The Online Banks

  • Ally Bank CD Rates
  • Comenity Bank CD Rates + Online Savings
  • Discover Bank CD Rates
  • PNC Bank Savings + Virtual Wallet Checking
  • TAB Bank CD Rates + Online Savings
  • Vio Bank CD Rates + Online Savings

Noteworthy Credit Unions

  • Navy Federal Credit Union CDs and Savings
  • Patelco Credit Union CDs and Savings
  • PenFed CDs and Savings
  • Connexus Credit Union CDs and Money Market

Brokered CDs

  • Edwards Jones
  • Charles Schwab
  • Fidelity

Alternatives

  • 12 Alternatives to CDs and Savings Accounts

Footer

Disclaimer

APY GUY strives to keep its information as accurate and up to date as possible. This information may be different than what you see at a bank, credit union or other financial institution. This applies to both in person visits and their website(s). Any financial products or services represented or discussed on this website are without warranty. When evaluating offers viewed on APYGUY.com, please read the financial institution’s Terms and Conditions.

Privacy Policy. Terms Of Use. How We Make Money.

Categories

Know of a fantastic APY offered by your local bank or credit union?

Don’t be shy, please share!

Send an email to deals@apyguy.com with the name of the institution, rate (APY) and type of product.

Our editorial staff will confirm the product, rate and APY (annual percentage yield) with the institution and publish it immediately for our viewers.

Copyright © 2021 - APYGUY: Maximize Your Savings & Earnings