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Top 10 Liquid Accounts As Of 2/4, With Direct Links To Each Bank

ichaelm
  |     |   461 posts since 2010

Ken used to post a liquid accounts survey every other Tues, and since today's Tues, here's the updated list. Two fintechs continue to pay 5.00%. New to the top 10 are Patriot Bank, Brilliant Bank, and OMB Bank.

5.00% Evergreen Wealth (minimum$25k) https://www.evergreenwealth.com/savings

5.00% Roger Bank https://roger.bank

4.75% Quontic Bank https://www.quontic.com/banking/savings/money-market-account

4.75% Modern Bank (minimum $100k) https://www.modernbank.com/consumer

4.75% Open Bank https://www.openbank.us/banking/high-yield-savings-account

4.75% SBT (minimum $100k) https://statebnk.com/personal/money-market

4.75% Patriot Bank https://bankpatriot.com/online-money-market

4.70% Brilliant Bank https://www.brilliant.bank/saving  

4.60% Pibank https://www.pibank.com/pibank-savings/

4.56% OMB Bank ombbank.com/personal-banking/personal-savings/online-high-interest-savings?

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22
milty
  |     |   1,633 posts since 2018
Thanks again, ichaelm. Quontic feels like a fintech, but not sure. Wish there was a regulation that required them to post "We are a Fintech, not a real bank or credit union" Patriot has an "F" DA health rating . . . yikes, not sure if I've seen one of those before.
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7
RWK
  |     |   91 posts since 2024
you're awesome ichaelm, thanks!
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6
midas89
  |     |   970 posts since 2017
Openbank still has the following info on their site, just in case anyone from those 8 states reads ichaelm's appreciated work here:

"Openbank High Yield Savings is currently available in most areas - and we're coming soon to the northeast (CT, DE, MA, NH, NJ, NY, PA, and RI)."
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3
gbp84
  |     |   84 posts since 2024
Thanks for posting this list!
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4
ichaelm
  |     |   461 posts since 2010
Patriot Bank up ONE POINT from 4.75% to 4.76%, probably because of the negative article written about it which Fences_  posted this morning. Also, SBT dropped from 4.75% to 4.65% but remains in the top 10.
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jbridge
  |     |   42 posts since 2024
Kent Jamison does a liquid accounts summary on Deposit Quest Substack every Friday that lists the 100 top rates (links included)

https://depositquest.substack.com/
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5
milty
  |     |   1,633 posts since 2018
Quontic is not a fintech, but it is internet only. Its 4.75% MM account allows for joint ownership and a beneficiary. Its own ACH transfer limits are relatively low, but can use an external FI to surpass those.  Call wait times are lengthy
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4
midas89
  |     |   970 posts since 2017
Roger Bank obviously is increasing their level of new money, forcing them to a make change, because being such a tiny bank they eventually most likely can't keep affording to pay that high rate. Effective today, they have implemented a new rule regarding interest payout. It used to be you could have any balance over $250,000 and earn interest on all the money. But now, the amount of your balance over $250,000 does not earn any interest (0% APY).
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9
cjdtech
  |     |   43 posts since 2010
Quantic now 4.50%, SBT now 4.65%.
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1
milty
  |     |   1,633 posts since 2018
Thanks for the heads up about Quontic lowering its rate. Am starting to think it's a waste of time chasing these 25bps, since it seems most do not maintain their lead.
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ichaelm
  |     |   461 posts since 2010
Brilliant Bank down 20 bps to 4.50% and drops off the list. I think I'll make a new top 10 list during the first week in March if anyone would like me to do that.
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11
gbp84
  |     |   84 posts since 2024
Thank you for posting this information, I appreciate your updates!! Yes, please post a new top-10 list in early March!
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ichaelm
  |     |   461 posts since 2010
New, updated list coming on Tues. 3/4. 3/1 is a Sat. so FI's lowering their rates next month may wait until Mon. 3/3 to do so. If I were to make a Top 10 list today, it would be a top 12, since there are 3 FI's in 10th place tied at 4.55%. Also, it appears that Roger Bank may continue to pay 5% interest to active military and veterans and reduce the rate for everyone else.
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6
Bluewire
  |     |   62 posts since 2023
"Also, it appears that Roger Bank may continue to pay 5% interest to active military and veterans and reduce the rate for everyone else."

Is this comment a personal opinion, or information provided directly from an authoritative source at Citizens Bank of Edmond?
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ichaelm
  |     |   461 posts since 2010
@Bluewire: several people were discussing it at DoC, and one of them wrote that he was told that by a Roger Bank CSR. Scroll down to the comments:
https://www.doctorofcredit.com/high-interest-savings-to-get/

This is the particular comment which I was referring to:
Terp
 February 21, 2025 14:33
#2009565
Eric ??
A phone rep told me that they may lower the rate for all but active military and veterans. Which I support.
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2
ichaelm
  |     |   461 posts since 2010
Something is going on at Patriot Bank, which was offering a 4.76% rate. When you click on the link you receive a 404 Page Not Found notice. The bank is no longer listed at Raisin either.
https://bankpatriot.com/online-money-market
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3
dantheman46
  |     |   95 posts since 2019
Patriot has pulled the account for new signups several times in the past.
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2

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