BEST High Yield Savings Accounts in 2024!

I'm spilling the beans on the high-yield savings accounts (HYSA) that have helped me earn a whopping $7,682 in interest alone in the past year. Stick around until the end because I'll be revealing my absolute favorite HYSA pick! 🌟

Chapters:
00:00 Intro
00:44 Best High Yield Savings Accounts in 2024
01:44 Sinking Funds
02:10 Raisin Bank
03:15 UFB Direct
04:01 Synchrony Bank
05:38 Marcus Bank
06:23 Discover Bank
06:56 CIT Bank
08:02 Ally Bank
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📝CHECK OUT THE SPEND MORE DEBT LESS WORKBOOK

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Disclosure: Links contain affiliates. When you buy through one of my links, I will receive a commission. This is at no cost to you and helps support my channel!

[JH]

I love Ally. One thing to mention.. you would NOT make less money if your money is split between multiple accounts assuming all the accounts have the same interest rate.

[Greggsberdard]

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

[charlesc]

Get a HYSA for a emergency fund and then put the rest of the money in treasury. Tbills have higher interest and you don’t have to pay local state tax.

[bfoster]

Awesome video. I think this is an area most people overlook since rates have been so low for so long and the big banks haven't adjusted their savings rates.

[LeftSeatAdventures]

Thanks for the info! 👍Plus, I went ahead and got your kid's book too. We're getting our 4 year old started early!

[livingunashamed]

I love Barclays, 4.35% and so easy to use :). Member since 2019.

[christinecostable]

I opened a HYS with Ally after watching one of your videos! Love the bucket feature! Use this for all our sinking funds.

[briansamaniego-howard]

Debt free and 135k in retirement and savings at 33 is a blessing. Hysa is pretty good too lol

[Jennas]

I've been using Betterment and LOVE the cash returns. My end of year goal is to figure out how I can strategize where allocations are to create high passive returns monthly so I can know I have a buffer if the economy is shitty (as we all have experienced lately). I'd actually LOVE to have you do a video comparing the pros and cons of keeping a traditional 401k or moving your money into on of these HYSA vehicles. Currently 401k aren't awesome and I've been strongly wondering whether to switch it up strictly from a rate return standpoint. Especially since the HYSAs are also compounding returns. Thank you!

[Opm]

I have Marcus for a while and I love it. They do have the buckets too if you want to put your savings in different categories.

[TailspinMedia]

had ally for a year now, loving it! clean interface but has all the functions i need. makes savings fun. I have nothing to sell, no affiliate link. just honest opinion.

[selena]

Hello. I'm a new subscriber. I find your videos so far to be simple and easy to understand. I would like to try your budget toolkit but when i try to access it an error appears, any idea why? Thanks for the videos.

[itshollyw]

I LOVE my ally HYSA! and you can set amount and date of completion goals for the buckets which is so helpful with staying on track. It'll show you what percentage you're at towards your goal. So helpful!

[decslh]

Wealthfront 5%
Laurel Road 5%
Varo 5% on up to 5000

[Chris_x_]

One of my favorite things about Marcus is the boosted 1% you get from being referred or referring a new customer. 3 months at 5.5% instead of 4.5% I haven’t been able to beat it anywhere else

[ericeven]

Citizens access is my pick. 4.5% for the last year or so.

[whitgetsit]

I use Ally, and I'm obsessed with the buckets! I also have a hysa with Alliant, but it's only getting 3.1% so I'm going to move my money out. Loving your videos :)

[joecochran]

I have a Vanguard Cash Plus account that currently paying 4.7%. My daughter and son-in-law bank with Ally and really like it.

[johnhenderson]

I have tried lot of high yield savings and I always go back to Ally Bank. Tried SOFI, but have decided to come back to Ally as my online bank. I do not have to worry about setting up a direct deposit in order to get the high rate in the savings, which you do with SOFI.

[LoveLUZZY]

Hi! What can you say about BANNER BANK. Thanks