Planning to open a new account and move some funds around 25K in one of the three accounts with - (1) easy access to it using ACH (2) Relatively better returns (3) Peace of mind. For around 12 months , comparing few options below --
1. MySavingsDirect @ 4.35% APY - Highest rate but too may negative comments and worst part is only one checking account link with name matching , 60 days notice, etc.
2. Redneck / AAB @4.25%APY - Second best rate and consistently higher than others , few negative comments but many positive feedback , no minimum to earn interest, zero balance, no fees. I don't want checks or debit card.
3. CIT 11-months No Penalty CD / Savings @ 4.10% / 4.05% APY - Third best rate with again a mix of positive and negative feedback but no major limitation. Main benefit is locking of 4.10% for next 11 months in case the rates start dropping anytime. And Savings rate also seems competitive.
4. Chase bonus of $900 -- this is good option for somebody to earn quick returns in a span of 3-4 months instead of 4% APY in one year which is about the same. I don't have a direct deposit for now and not much into trying DD from Fidelity or similar that may count. And all this effort will be good only for 3 months.
5. SaveBetter / Sallie Mae deals -- not confident enough to go thru middle agent custodian and its hidden complexity. Going in seems very easy and getting out seems equally difficult. Their NPCD interest cannot be withdrawn monthly, etc.
Assuming that my online application will be approved, I am thinking #2 and #3 are good options for me or anyone who might be in similar situation. If they came with any referral bonus that would have been awesome.
Are there any better options out there ? Any inputs or thoughts will be much appreciated. Thanks!
