#BankingIssues #LookingForNewBank #SavingsAdvice
Hey everyone!
So, my online bank called “Ivella” is sadly shutting down and I need to find a new one ASAP. I was earning a great 5.15% APY with them, and I loved how easy their app was to use. They also had these awesome “Pods” where I could have separate savings accounts for different goals, all earning that high 5.15% interest rate.
Right now, I’ve moved my money to Robinhood temporarily, where it’s earning 5.25%. But I really want to find a new banking app that not only offers a competitive interest rate of over 4%, but also has a sleek user interface like Ivella and the option for those savings pods.
###My Criteria for a New Bank App:
Here are my top priorities when looking for a new banking app:
– **High Interest Rate**: I’m looking for a rate of over 4% to make the most out of my savings.
– **User-Friendly App Interface**: A clean and easy-to-use app is a must for me.
– **Savings “Pods/Buckets/Jars/Vaults” Feature**: I want to keep my savings organized in separate accounts that all earn high interest.
###Recommendations Needed:
If anyone has any recommendations for a banking app that meets all these criteria, I would greatly appreciate it. Let me know if you’ve come across an app that fits the bill!
###TLDR:
In short, I’m on the hunt for a new banking app that pays over 4% interest and offers the ability to organize savings into separate “pods/buckets/jars/vaults” that also earn high interest.
Feel free to share your suggestions or experiences with similar banking apps! Thank you in advance for your help. 🌟🏦
Ally is around 4.2% and has “buckets.”
Ally. Slightly lower APY, but a more established bank.
I use Barclay’s. I have an account for each topic like your pods thing. Decent apr and all.
Wealthfront is @ 5% and has ways to have different “pots” to put $$ in.
Nobody suggesting American Express has me a bit nervous…
Sofi is my go to. 4.6%. Has vaults for different buckets. And Zelle. And has investing. So easy to use.
Jenius has a 5.25% apy. Everbank has a 5.15 apy
I use CIT bank. Have used them for like 10 years and no issues. They are currently paying 5%.
Can you explain a pos? Is it a completely different account (different account number, etc) or is splitting the balance of one account up?
I ask because I think most banks allow you to make separate accounts and give them nicknames
One Finance 5%, very simple while the company is having great growth with additional cash back opportunities
Everbank is at 5.15 apy no pods though
Fidelity money market is at 5.13%, but it’s variable.
SoFi is 4.6% and has vaults which I believe do the same thing.
Envelope Money has Envelope’s and has a protected savings envelope that gets 4.5%. It’s currently a start up so not a lot of features, but it has auto funding of envelopes.
Spent the last 2 weeks shopping around for a similar replacement HYSA. A quick “something I wish I know from the start” note. One common issue with a lot of the most popular recommendations you are going to find here (like Weathfront, CIT, ect) is your potential comfort level with them essentially pushing you into a mandatory use of 3rd party verification data mining platforms like Yondee that demand your outside bank login credentials.
So far I’ve found no shortage of some pretty shady practices involved with that. Such offering the alternative 2 deposit verification method on paper, but which have no designs to actually work other then as a method to funnel you back to a second look at that partnered Yondee signup if/when call back in looking for a quick resolution after those 2 deposits never actually come.
Cit bank in particular was terrible with that. Wasting too much of my time and information handed out I wish I could get back.