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Interesting. The APY on savings accounts is only 4.15%. The spread between that and short term T bills is over 1%. My main HYSA is paying me 5.30% APY currently
by traviswingo 3y ago
Interesting. The APY on savings accounts is only 4.15%. The spread between that and short term T bills is over 1%. My main HYSA is paying me 5.30% APY currently, and they aren’t complaining. A 1-1.5% spread on customer cash should be celebrated by GS…
- iends 3y agoIs there another “too big to fail” bank offering similar rates for savings accounts? Most high yield savings accounts are regional banks.
- queuebert 3y agoAlly and Interactive Brokers both offer those rates, and they are in the $5-9 billion market cap range. Not sure if they qualify as too big to fail.
- johng 3y agoWealthfront has high percentages right now.
- iends 3y agoWealthfront is not a bank, they use a bunch of small banks: https://www.wealthfront.com/cash-account-participant-banks https://www.wealthfront.com/cash-account-participant-banks
- prh8 3y agoAmex is at 4.3 now
- lotsofpulp 3y agoBoA offers 5.02% via their "Preferred Deposit" offering: https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ICCRateSheet.pdf https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMO... But you have to start with $100k. (You can decrease that to as low as $1 anytime after though).