Any recommendations? Looking for one with no minimum.

Marcus is at 4.4% but if referred you get an extra 1% for 3 months (the wording is slightly different now but that's how the math works out). If you refer someone it adds 3 more months.

5.4% is a no brainer for HYSA

My link:
https://www.marcus.com/share/DER-NEW-2G4X

Texas Capital Bank for Texas residents

Wealthfront 5% same day transfers. And the day the Fed announces a rate increase they send an email out increasing as well.

Forbright Bank - savings 5.3%

I currently have a Forbright CD I locked in last year at 5.6

https://www.forbrightbank.com/

HEY, I was gonna refer him to

As said earlier, Wealthfront is at 5% but if you use an invite code, it's an additional 0.5% for three months for us both.

Use redag's if they provide it.

If not, here's mine https://www.wealthfront.com/c/affiliates/invited/AFFA-K0YT-BZ9J-AA2F

What is the Schwab one?

I'm getting 5.06% in TIAA/EverBank. Researched a bunch and got in this one about 3 months ago. Other than it taking about a week for deposits to hit it's been fine so far. I don't plan on needing this money immediately so the delay isn't an issue for me.

The S&P is up 17-18% YTD and you're looking for savings accounts?

I don't use schwab, but it looks like one of these will work...

https://www.schwab.com/money-market-funds

themissinglink said:

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I don't use schwab, but it looks like one of these will work...

https://www.schwab.com/money-market-funds

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SWVXX. You can sell CSPs against your favorite ETFs or Stocks while earning 5% interest at the same time.

If you use Fidelity your cash will automatically sweep into their MMF and get ~5%, so it's a bit easier and less hassle if you get assigned.

themissinglink said:

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I'd probably just throw the additional cash in your brokerage account and leave in a good money market. I use Fidelity and SPAXX is paying ~5.0%. Schwab and Vanguard have a number of money market accounts just north of 5.0%. I'm pretty sure those are about equivalent to the top rates on the best HYSA I've seen.

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You can move money in and out of a brokerage account (not invested) and not get taxed on that, right?

You're only taxed on capital gains and dividends. If you have 10k in a brokerage and then take 10k out you'll be fina assuming there is no growth.

water turkey said:

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themissinglink said:

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I'd probably just throw the additional cash in your brokerage account and leave in a good money market. I use Fidelity and SPAXX is paying ~5.0%. Schwab and Vanguard have a number of money market accounts just north of 5.0%. I'm pretty sure those are about equivalent to the top rates on the best HYSA I've seen.

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You can move money in and out of a brokerage account (not invested) and not get taxed on that, right?

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Money market income is taxed as interest, just like a high yield savings account. If you buy or sell equities or other investments, you will be taxed on dividends and capital gains. You can usually move money within a brokerage account pretty easily, but if you move it out (say to a checking account or another brokerage account), just be sure you are aware of any redemption fees or other transaction costs on your holdings.