Ask HN: Which savings account do you use, online or traditional?

Posted by altaaf_baatli on Tuesday January 07, 2020 @03:39PM
from the ask-hn dept.

I am looking to open a new savings account. Any suggestions?

( 3 comments | 2 points | on HN )

Re:Ask HN: Which savings account do you use, online or tradi... by diehunde on Tuesday January 07, 2020 @04:21PM (#21985020)

I'm using wealthfront's high-yield cash account. Right now the APY is 1.82%. Much better than any traditional savings account.

[ Parent | on HN ]

Re:Ask HN: Which savings account do you use, online or tradi... by altaaf_baatli on Tuesday January 07, 2020 @05:21PM (#21985735)

How is the ease of use?

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Re:Ask HN: Which savings account do you use, online or tradi... by diehunde on Tuesday January 07, 2020 @11:40PM (#21988409)

Very easy. You just link your bank account and then you can schedule transfer from the same app. The only thing I'm not a big fan is that normally it takes up to 2 days to complete the transfer. Same if you need to withdraw money. Regular savings account are more liquid if I'm not mistaken.

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