Here’s your PSA for the day:
Early last month, I finally took the plunge and opened a high yield savings account. I chose Synchrony because of their perks (no min, ATM card with fee rebates, etc) and comparably high interest rate.
At the time, they offered 1.05% apy, but today, that rose to 1.15%.
The account is still new, but I haven’t had any problems with their ACH transfers. And while I have received my ATM card, I haven’t used it. Honestly, since this is an account to fill and forget, I probably won’t unless it’s an extreme emergency. As I said, the ACH transfers have worked just fine for me.
But if you’re thinking about a savings account, I can recommend this one. It allows you to have cash relatively accessible while earning a heck of a lot more than the average bank or credit union savings account. No fees and you can fund it with as little as $0.01. (I did. For real.)