Primis has done me right. Their customer service is great. Interest rate is still 5.07apy on checking and savings (probably not for long, but that is the fed's doing).
Primis Bank has also done me very well. I still have 5.07 APY for both my checking and savings accounts. When I first started with them in March of 2023 their customer service was very slow. But now it's great! No complaints.
Great video! Thanks 🙏 I have a question: do you know if this is applicable only for US residents? What if you for Example digital nomad from some random country?
I had just recently decided on Fidelity for cash management. I want to try out having an HSA and also conservatively stick a couple toes into cryptocurrency so seeing it all in one place appeals to me while I"m learning. Possibly transfer a retirement accounts later if I like it or Chase frustrates me again..
Yeah it’s a crock. They tax employers on payroll, the you on income, spending money and owning most things. It’s crazy we have any money left in all honesty.
And on top of that they waste it on illegals which are draining resources faster than anything and tons and tons of other useless things all around the world. Nothing even close to what the function of a real government is.
@@IL_Bgentylit doesn't stop. Then all the money after tax from your payroll they slap on taxes on things you buy. Somehow, if anyone can understand about taxes, it double and triple taxed on the products any get when all said and done.
Great content Chris, excited to check some of these out! Another new savings account that seems to be lucrative is Forbright Bank's 5.30% APY high-yield savings with unlimited transfers. Curious to hear your thoughts on that.
Thanks for the info do you a recommendation on best brokers to use to get started in investing and then where to grow? And basically which brokers to use to make “safe” investments in ETF’s, S&P500, sting mutual funds? This way some savings can be earning money as well and learn more about buying stocks/investing
@All the Hack so what is SoFi lacking behind on that doesn’t have them in your top 3 & where would you rank how far behind are they ? Is it a good bank to use when moving to California & starting fresh with new bank like what are the limitations of SoFi
Probably raw interest, they give something like 4.6%, they have to be your Direct Deposit, and you arent given a card for the savings, so you have to do a transfer to 'use' your savings as a checking account.
@@mnblade7263 You don't even need their direct deposit. You can simply buy VUSXX on their platform which is a state-tax free money market fund that pays 5.3%. Combine that with $1.5 a week in a free money from points for transferring $150 into the brokerage account, your effective yield is pushing 6%. If you do have DD you also get 4.6% on any residual money you keep in the savings account to clear your monthly payments, and you can set up auto transfers to sofi invest.
SoFi allows you to keep ALL of your funds in the savings account and will automatically transfer from there to checking to cover any transactions. These transfers are free, instant, and unlimited. Direct deposit IS required - not sure if there's a workaround for the self-employed. Haven't watched the video yet, but if this was missed it was a big oversight.
Primis has done me right. Their customer service is great. Interest rate is still 5.07apy on checking and savings (probably not for long, but that is the fed's doing).
Primis Bank has also done me very well. I still have 5.07 APY for both my checking and savings accounts. When I first started with them in March of 2023 their customer service was very slow. But now it's great! No complaints.
Opened a Fierce Finance account seems like the holy grail high apr online checking account.
Thank you, Chris! Keep it coming 😊
Keep doing good work 🙏
Great video! Thanks 🙏 I have a question: do you know if this is applicable only for US residents? What if you for Example digital nomad from some random country?
Subscribed. Thank you for the enlightenment. My first step on this world of finance.
@@junboo8730 awesome, welcome!!
@@chris-hutchins Thank you.
Thank you , good info
Buy bonds and keep all of the interest instead of letting your bank buy the bonds and give you some of the interest.
Excluding your emergency fund of course
I had just recently decided on Fidelity for cash management. I want to try out having an HSA and also conservatively stick a couple toes into cryptocurrency so seeing it all in one place appeals to me while I"m learning. Possibly transfer a retirement accounts later if I like it or Chase frustrates me again..
@@factionjaxon4119 sounds like a great way to consolidate
Great content. I am surprised by channel subscriptions/views number. I subscribed today. Keep up the good work!
The thing that bothers me is paying taxes on interest income. Is that irrational ? I don’t want to pay state AND federal taxes on my interest income
T-bills or funds like FDLXX that invest in T bills are 90%+ or even entirely state tax exempt
Yeah it’s a crock. They tax employers on payroll, the you on income, spending money and owning most things. It’s crazy we have any money left in all honesty.
And on top of that they waste it on illegals which are draining resources faster than anything and tons and tons of other useless things all around the world. Nothing even close to what the function of a real government is.
@@IL_Bgentylit doesn't stop. Then all the money after tax from your payroll they slap on taxes on things you buy. Somehow, if anyone can understand about taxes, it double and triple taxed on the products any get when all said and done.
You get taxed on the interest you earn from your savings accounts? Is that a thing?
Business Accounts?
Yes
Great content Chris, excited to check some of these out! Another new savings account that seems to be lucrative is Forbright Bank's 5.30% APY high-yield savings with unlimited transfers. Curious to hear your thoughts on that.
@@vikashsamaga thanks for sharing! And welcome!
Thanks for the info do you a recommendation on best brokers to use to get started in investing and then where to grow? And basically which brokers to use to make “safe” investments in ETF’s, S&P500, sting mutual funds? This way some savings can be earning money as well and learn more about buying stocks/investing
@@jonathonghowarth for buying stocks I like Schwab and fidelity, for automated investing, I like Wealthfront
Mercury bank charges $240 a year to have the personal banking account. Too much for me
@All the Hack so what is SoFi lacking behind on that doesn’t have them in your top 3 & where would you rank how far behind are they ? Is it a good bank to use when moving to California & starting fresh with new bank like what are the limitations of SoFi
Probably raw interest, they give something like 4.6%, they have to be your Direct Deposit, and you arent given a card for the savings, so you have to do a transfer to 'use' your savings as a checking account.
@@mnblade7263 You don't even need their direct deposit. You can simply buy VUSXX on their platform which is a state-tax free money market fund that pays 5.3%. Combine that with $1.5 a week in a free money from points for transferring $150 into the brokerage account, your effective yield is pushing 6%. If you do have DD you also get 4.6% on any residual money you keep in the savings account to clear your monthly payments, and you can set up auto transfers to sofi invest.
SoFi allows you to keep ALL of your funds in the savings account and will automatically transfer from there to checking to cover any transactions. These transfers are free, instant, and unlimited. Direct deposit IS required - not sure if there's a workaround for the self-employed.
Haven't watched the video yet, but if this was missed it was a big oversight.
@@mnblade7263Sofi will just transfer savings to checking to over expenses
Have you ever considered sequence?
@@tylerapplin6108 no but it looks cool! Thanks for sharing
Why do you think it's okay to look off to my right? Look me in the eye.
@@jaard5051 haha! Trying to change it up. Also need to look at my notes some time :)
Really
Pro tip: Get out of California