BTW, if you're a high-income or mid-career professional transitioning into a more serious stage of life; whether you’re growing a family, building your retirement, or shifting from a consumption to a wealth-building stage, and you’re feeling overwhelmed by the complexity of it all, this is for you. If you’re asking yourself: Am I really doing well? How do I know I’m taking the right steps? Should I pay off debt, save, or invest for retirement first? How can I prepare myself financially for my new family? Why am I still broke if I make good money? What if I make the wrong choices and mismanage my finances? How can I align my finances with my partner when we have different financial habits? I can help you: Get a set of prioritized, actionable steps to reach your financial goals Achieve peace of mind knowing you’re on the right track toward long-term financial security Turn financial stress and uncertainty into clarity, control, and confidence Optimize your finances without sacrificing your lifestyle Streamline your financial plan to align with your unique goals Just how I helped my client Steve, who said: "Alex provided great clarity in working through financial steps for improving my short and long term goals. He thoroughly explained all questions I asked, and gave insight into details for an exact plan for a fantastic financial foundation." I can help you next. I don’t work with everyone, and I want to ensure I can help you in the best possible way. Your satisfaction is my utmost priority. Here are the requirements: You must have a stable job in the USA. You must be at least 25 years old. You must be committed to optimizing your financial future. You must be responsible and ready to take action. You must be open to learning and implementing new strategies. This is a 30-minute strategy call where we’ll dive into your financial challenges and goals to see if we’re a good fit to work together. This is a limited opportunity to gain clarity and control over your financial future. Don’t leave your finances to chance, and stop wasting time. Schedule your strategy call today and start transforming your financial life for the better. alexisidro.com/DiscoveryCall
it is very shady of them to not automatically give you the new higher rate. This comment is from another HYSA member. "Be aware if rates go up, they won’t automatically bump up your rate. I started the 1st HYSA acct then noticed a higher rate advertised later but my rate stayed the same. They simply renamed the newly rated product available to new customers/accts. So I just opened a new account with the higher rate and transferred the balance. Then it happened a second time. So I have 3 accounts, 2 empty and the newest. But if I didn’t happen to check periodically my money would have been sitting earning about a percent lower this whole time."
@@SteveSabbaiuh oh, lol. For 11 years, I've had a checking and a savings account with Ally Bank and I can't imagine them not automatically updating the interest rate.
Most of the competing banks offering bonuses, do so with conditions like, setting up direct deposit, or making a minimum number of transactions, etc. If you're only looking for a high yield savings, then there is no need to jump through hoops just to get a one time payment. These promos are usually designed in a manner that they can be recaptured over time, like not getting the bonus for 3 months, or 1 year, as way to hopefully make that money back from you through transaction fees, or other means.
I haven’t had an issue. And I just wanted to correct that they do offer a checking account. With a debit card as well, and if you link both accounts you get an extra .2%
@@sofiajimenez8359 yes..found that out after. You can still link both accounts using the “sweep” feature. But to get the extra APY, there are certain things you need to do I believe the 5k is one of them.
UFB Direct HYSA is 5.15% APY -Maintain 10k and get extra .20% -10 debit card approved purchases a month is extra .05% - open their checking account with direct deposit of 5k a month is extra .05%
I’m open UFB account and made some deposit from my external account to my UFB account but now I just see note show on my dashboard said my UFB account is stricter status limited transaction Any one know how resolve this problem
I was looking for more insight for this one. I was reading comments which are usually really bad or hey it works for me. The biggest red flag for me was that their customer service sounded to be inexperienced and in another country where English is not their first language. This also feels like their verification steps are also with these same people and I was reading problems with verifications to access their accounts. And since i have not heard of their parent bank Axos, I think I will choose one of the more known ones like Marcus from GS, Cap one, Barclays, or BMO.
Good review. So, given your conclusion, what's the best HY savings account you've come across that has the highest APY, solid customer service, and the "warm and fuzzy feeling" premium that you are looking for? Was hoping you'd give some other options at the end, but didn't hear any. Do you have a top 5 list?
Great question, and thanks for asking. Personally, I like the one I use, which is Marcus. I haven't had a problem with them and their APY is high. Additionally, if you refer other people, they bump your APY 1% for three months, up to 15 months. Other good options I would consider are SoFi, Ally, AMEX, Capital One 360, CIT. Some that come to mind. I've shared my thoughts on these accounts here in the channel.
Thank you for the video. I wish i could watched this before opening acct with Ufb. Read few bad reviews this morning just 2 days after my big amount transfer in. Kinda panic now. Probably gonna stop transferring $ in & go back with Capital 1 😢
Nothing to worry about. I've been with them for over a year now and interest is applied daily to your account. I've been with BofA and Wells Fargo for nearly 40 years and 'm still with them for checking, but UFB/AXOS savings - is super legit!
I have Marcus, but not for long. I changed my PHONE NUMBER... let them know.. updated the account.. answered all my security questions... and now my accounts have still been locked for a month because they can't identify me?!!! I answered all the questions correctly. WILD. Once I figure it out, I am going to move my money elsewhere.
@@alexisidro the pros and cons breakdown. I was originally just looking at numbers. But because of your video I went ahead and opened a capital one high yield savings account today instead of this one!
Hello! Any reputable bank with history and familiarity. What are you looking for exactly? If you're looking for a raw savings account with high interest and no minimum balance, Marcus, Capital One 360, and Ally are good high yield savings account options for a 13 year old.
That sofi 325 is only if you get 5000 direct deposited in 25 days. Which is essentially bull crap, because if get paid bi-weekly and make that, you still can't get it because you need 28 days
@alexisidro yeah you'd have to sign up for sofi, hope that your company processes your new change in direct deposit that day. Get paid then wait 14 more days to get paid, while also making more than roughly 75k a year before taxes.
Who owns UFB Direct? You want to check their CRE exposure. There is a reason why they are offering high yields. Not recommending blindly based on the surface. If CRE explodes, you think FDIC will be able to pay you with their $125B in reserve?
Synchrony is great. I have their high yield savings account, and the Apy is 4.75%. In addition to a number of their CDs. Customer service is good, and I have no complaints at all. Sometimes, it's best to get a little less of an Apy (under 5%) if you have a history with the banking institutions, CD terms, money market accounts, etc. If the Apy are higher on CD terms you are looking for, you can funnel that money back into your high yield savings account. Lending club is good as well, and the apy is at 5.%. Transfers can be slow for it to be in account. However, it's posted, but it's not available until the delivery date. Customer service is good, and their loan options as well.
Thank you for the review. I had looked into opening an account with UFB direct and started the application but did NOT finish it as I wanted to learn more about High Yield Savings (HYS). I received an email encouraging me to finish my application to take advantage of the 5.25% APY however it also mentioned the need to maintain a $5000 balance or else suffer the $10/month fee. Is this common to all HYS?
Glad it's helpful! Not all HYSAs are the same. In this video, I go over the best ones, explaining the features, and different banks offering their products. I think it will help you understand HYSAs better, and get a more detailed answer to your question (more than I can write here :)) th-cam.com/video/eQKHkyIHJSo/w-d-xo.html
BTW, if you're a high-income or mid-career professional transitioning into a more serious stage of life;
whether you’re growing a family, building your retirement, or shifting from a consumption to a wealth-building stage,
and you’re feeling overwhelmed by the complexity of it all, this is for you.
If you’re asking yourself:
Am I really doing well? How do I know I’m taking the right steps?
Should I pay off debt, save, or invest for retirement first?
How can I prepare myself financially for my new family?
Why am I still broke if I make good money?
What if I make the wrong choices and mismanage my finances?
How can I align my finances with my partner when we have different financial habits?
I can help you:
Get a set of prioritized, actionable steps to reach your financial goals
Achieve peace of mind knowing you’re on the right track toward long-term financial security
Turn financial stress and uncertainty into clarity, control, and confidence
Optimize your finances without sacrificing your lifestyle
Streamline your financial plan to align with your unique goals
Just how I helped my client Steve, who said:
"Alex provided great clarity in working through financial steps for improving my short and long term goals.
He thoroughly explained all questions I asked, and gave insight into details for an exact plan for a fantastic financial foundation."
I can help you next.
I don’t work with everyone, and I want to ensure I can help you in the best possible way.
Your satisfaction is my utmost priority.
Here are the requirements:
You must have a stable job in the USA.
You must be at least 25 years old.
You must be committed to optimizing your financial future.
You must be responsible and ready to take action.
You must be open to learning and implementing new strategies.
This is a 30-minute strategy call where we’ll dive into your financial challenges and goals to see if we’re a good fit to work together.
This is a limited opportunity to gain clarity and control over your financial future.
Don’t leave your finances to chance, and stop wasting time.
Schedule your strategy call today and start transforming your financial life for the better. alexisidro.com/DiscoveryCall
Over a year with UFB, not one issue , the biggest hassle was calling to get the latest rate when it went up.
That's great! Yes, I've heard some reviews from customers mentioning the same thing. Glad it's working out for you.
it is very shady of them to not automatically give you the new higher rate. This comment is from another HYSA member.
"Be aware if rates go up, they won’t automatically bump up your rate. I started the 1st HYSA acct then noticed a higher rate advertised later but my rate stayed the same. They simply renamed the newly rated product available to new customers/accts. So I just opened a new account with the higher rate and transferred the balance. Then it happened a second time. So I have 3 accounts, 2 empty and the newest. But if I didn’t happen to check periodically my money would have been sitting earning about a percent lower this whole time."
@@SteveSabbaiuh oh, lol. For 11 years, I've had a checking and a savings account with Ally Bank and I can't imagine them not automatically updating the interest rate.
@@SteveSabbai
@Amazingkaddycaps Hi - your comments are really helpful. Thanks for this info about having to call for the higher rate.
Most of the competing banks offering bonuses, do so with conditions like, setting up direct deposit, or making a minimum number of transactions, etc. If you're only looking for a high yield savings, then there is no need to jump through hoops just to get a one time payment. These promos are usually designed in a manner that they can be recaptured over time, like not getting the bonus for 3 months, or 1 year, as way to hopefully make that money back from you through transaction fees, or other means.
I haven’t had an issue. And I just wanted to correct that they do offer a checking account. With a debit card as well, and if you link both accounts you get an extra .2%
Thanks for the insight!
You have to have direct deposit of 5k/mo thou right?
@@sofiajimenez8359 yes..found that out after. You can still link both accounts using the “sweep” feature. But to get the extra APY, there are certain things you need to do I believe the 5k is one of them.
UFB Direct HYSA is 5.15% APY
-Maintain 10k and get extra .20%
-10 debit card approved purchases a month is extra .05%
- open their checking account with direct deposit of 5k a month is extra .05%
I love that “would I recommend it to my mom”! As a Hispanic person, that hit the core of my being! Loved the video man!
Haha yes! Thanks for the support
I’m open UFB account and made some deposit from my external account to my UFB account but now I just see note show on my dashboard said my UFB account is stricter status limited transaction
Any one know how resolve this problem
You don't present anything that would deter avergae Jo from opening an account tho. Thank you anyway.
This video is actually good. I’m glad I watched it bc I don’t think I want ufb savings anymore
Thanks for the feedback. What was the most helpful?
Why?
I was looking for more insight for this one. I was reading comments which are usually really bad or hey it works for me. The biggest red flag for me was that their customer service sounded to be inexperienced and in another country where English is not their first language. This also feels like their verification steps are also with these same people and I was reading problems with verifications to access their accounts. And since i have not heard of their parent bank Axos, I think I will choose one of the more known ones like Marcus from GS, Cap one, Barclays, or BMO.
I got ufb direct everything going smooth
That’s great! Thanks a lot for sharing your experience 👍
Hi, thank you for your review! Have you reviewed Jenius Bank HYSA yet?
Glad it helps! Not yet, what questions do you have about it?
@@alexisidro Their rate is 5.25 but I haven't heard much about them. Just interested if they were a good option
Schiller Harbors
Paxton Gardens
Hudson Underpass
Rachelle Inlet
Crooks Plaza
Stanton Plaza
Haley Spring
Clint Drives
Isabelle Centers
Upton Locks
Matt Ridge
Evert Mission
Harvey Skyway
Pacocha Rue
Nash Circles
Aiden Canyon
Connor Fort
Barrett Groves
Nicklaus Wall
Good review. So, given your conclusion, what's the best HY savings account you've come across that has the highest APY, solid customer service, and the "warm and fuzzy feeling" premium that you are looking for? Was hoping you'd give some other options at the end, but didn't hear any. Do you have a top 5 list?
Great question, and thanks for asking. Personally, I like the one I use, which is Marcus. I haven't had a problem with them and their APY is high. Additionally, if you refer other people, they bump your APY 1% for three months, up to 15 months.
Other good options I would consider are SoFi, Ally, AMEX, Capital One 360, CIT. Some that come to mind. I've shared my thoughts on these accounts here in the channel.
@@alexisidro Awesome, thanks!
Bednar Via
Madaline Court
Thank you for the video. I wish i could watched this before opening acct with Ufb. Read few bad reviews this morning just 2 days after my big amount transfer in. Kinda panic now. Probably gonna stop transferring $ in & go back with Capital 1 😢
No problem, glad the video was helpful! Why did you move by the way? Just curious.
Why?
I mean if it's there already why don't you try them out for a while? It's not like it's not a legit place or anything right?
Nothing to worry about. I've been with them for over a year now and interest is applied daily to your account. I've been with BofA and Wells Fargo for nearly 40 years and 'm still with them for checking, but UFB/AXOS savings - is super legit!
Correction, you can see your interest daily in your savings account, but it's applied at the end of every month like clockwork.
Rebekah Glen
Lesch Roads
Sven Greens
Camila Expressway
Willis Trail
Hand Plaza
Braun Burgs
Durgan Views
I dont like how they can lock your account either i was about to sign up and withdrew after reading that
Could you elaborate on that? Why would they lock your account?
I have Marcus, but not for long. I changed my PHONE NUMBER... let them know.. updated the account.. answered all my security questions... and now my accounts have still been locked for a month because they can't identify me?!!! I answered all the questions correctly. WILD. Once I figure it out, I am going to move my money elsewhere.
I hear you. Sorry your experience has been like that! Best of luck on the next choice
Coralie Freeway
You didn’t give a reason to not get this account. Other than you didn’t get a warm fuzzy feeling about it? 🤔
Kuvalis Expressway
I enjoy this company. Earning great interest.
Great to hear!
Thank you for this! Very helpful!
Glad it was helpful! What did you find the most helpful?
@@alexisidro the pros and cons breakdown. I was originally just looking at numbers. But because of your video I went ahead and opened a capital one high yield savings account today instead of this one!
Sounds great! Let me know how you like it. I'd love to know.
@@alexisidro will do!
Lind Estate
Isidro Mall
do you have any suggestions for HYSA for 13 yr olds?
Hello! Any reputable bank with history and familiarity. What are you looking for exactly? If you're looking for a raw savings account with high interest and no minimum balance, Marcus, Capital One 360, and Ally are good high yield savings account options for a 13 year old.
Bins Wall
Baumbach Lodge
That sofi 325 is only if you get 5000 direct deposited in 25 days. Which is essentially bull crap, because if get paid bi-weekly and make that, you still can't get it because you need 28 days
If you get paid every two weeks, that means you will get a check every 16 days or so...
@alexisidro yeah you'd have to sign up for sofi, hope that your company processes your new change in direct deposit that day. Get paid then wait 14 more days to get paid, while also making more than roughly 75k a year before taxes.
7:02 you can only withdray $510 dollars per day? that seems very low
I withdrew $1000 a couple days ago and had no issues
Herminio Squares
Kuhlman Divide
Estel Lake
Who owns UFB Direct? You want to check their CRE exposure. There is a reason why they are offering high yields. Not recommending blindly based on the surface. If CRE explodes, you think FDIC will be able to pay you with their $125B in reserve?
If you watched the video, I didn't "recommend it."
What's CRE?
It told me in order to get that 5.25% it required 5k deposit.
Who said that, ufb? That’s not what’s on their website.
My bad, sorry!@@alexisidro
That $5k is for their money market account, not the savings account.
@@logicalmisery3737 you do not need 5k to get 5.25 I already gave them a call
What is the fee to wire money to another account ?
It’s usually $10-30 depending on organization.
have had them for a few months no complimants
That's great! Hope things keep going well.
Is that a mix of compliments and complaints?
@jonathanwelsh81 ? No, I have had no issues
is it easy to withdraw money and does it compound daily ?
Yes @@jhonhani1488
Do you recommend the Apple savings account?
I haven't looked into it that much yet.
Could you do a video comparing the most common HYSA ?
Thanks for the suggestion, will look into it! Which banks are most interest to you and what challenges do you face?
Can you do a video on Synchrony HYSA?
Will look into it! Thanks for the suggestion 🔥. Any other questions or challenges I can help with?
Been with Synchrony bank for 2 years. Good customer service service no issues.
Synchrony is great. I have their high yield savings account, and the Apy is 4.75%. In addition to a number of their CDs. Customer service is good, and I have no complaints at all. Sometimes, it's best to get a little less of an Apy (under 5%) if you have a history with the banking institutions, CD terms, money market accounts, etc. If the Apy are higher on CD terms you are looking for, you can funnel that money back into your high yield savings account.
Lending club is good as well, and the apy is at 5.%. Transfers can be slow for it to be in account. However, it's posted, but it's not available until the delivery date. Customer service is good, and their loan options as well.
@@getprepared4life I have to agree with you on that one. I have it myself. I don't know why people knock it.
Thank you for the review. I had looked into opening an account with UFB direct and started the application but did NOT finish it as I wanted to learn more about High Yield Savings (HYS). I received an email encouraging me to finish my application to take advantage of the 5.25% APY however it also mentioned the need to maintain a $5000 balance or else suffer the $10/month fee. Is this common to all HYS?
Glad it's helpful! Not all HYSAs are the same. In this video, I go over the best ones, explaining the features, and different banks offering their products. I think it will help you understand HYSAs better, and get a more detailed answer to your question (more than I can write here :)) th-cam.com/video/eQKHkyIHJSo/w-d-xo.html
I just sign up couple week ago you do not need $5000 you can still earn 5.25% what you talking is money market buy High yield saving account is not
That's if you want to open a checking about.
Can I link my business account ?
I would see no problem with it!
I was on my way to sign but something told me to not submit ...lol
Good call IMO
I ended up signing up with Wealthfront and also looking at Synchrony.
Did something happen recently?
What happen can you explain ?
@@AndersonChao-vs3zf i think it's gonna be one of those mysteries
Judah Mountains
What do you think of VIO?
Haven’t looked into it too much yet. What questions do you have?
i move my money from capital one to UFB direct
How are you liking it?
@@alexisidro So far I has no issue
is it easy to withdraw money and does it compound daily ?
Upgrade vs wealthfront?
I haven't looked into Upgrade yet! I'll look into it.
I have Wealthfront but can you also checkout Upgrade ?
@@alexisidro my man. He’s for the people
Kuhic Rest