After reading all the interest about Robinhood’s 3% Checking Account, I did some research and found the BEST Savings accounts that offer the highest interest…FDIC insured 😉 Enjoy! Add me on Snapchat/Instagram: GPStephan
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First Bank: Ally Bank
As of mid December 2018, they offer a 2% annual return on your money in their online savings account. And this is with no strings attached…no account minimums, no maximums, no need to make direct deposit every month to quality, no conditions to meet…no waiting list of over 700,000 to join…it’s just open up an account, put your money in, and enjoy a 2% return!
Second Bank: American Express Savings
They offer the same 2% return just like Ally Bank does. I’ve been an American Express customer since 2012 and AMEX has been nothing but amazing. Their accounts also have no fees, no minimums, and a pretty decent way to get 2% return if you’re already an AMEX customer. Oh, and it’s FDIC insured 😉
Third Bank: Capital One 360
They also offer a no fee account that offers 2% interest…but they’re not quite as good because to get the 2%, you need to keep a minimum of $10,000 in your account. So most likely, the other two options are a little better.
Fourth Bank: Marcus by Goldman Sachs
Right now they offer a slightly better rate than the previous 3, at 2.05% interest! No account minimums and no requirements to meet!
Fifth Bank: Synchrony Bank.
Pretty much the same as Marcus by Goldman Sachs and they also offer the same 2.05%!
Sixth Bank: PNC Bank
They offer 2.35% interest. That’s pretty much the highest that I’ve found on a savings account without any account minimum, without any fees, or without any weird deposit requirements, without any waiting lists, and best of all…while still having FDIC insurance!
There are several other nation wide banks that offer 2.4%+ interest…although all of them had bad reviews, so I didn’t feel comfortable listing them.
In terms of other banks offering OVER 3% to match or even beat Robinhood…yes, that does exist. There are several other REGIONAL BANKS that offer 3% AND HIGHER if you meet their requirements. The full list can be seen here:
https://www.doctorofcredit.com/high-interest-savings-to-get/
So while Robinhood seems like the BEST option in terms of no fees, no requirements, and no minimums to make 3%, it MIGHT not be worth the risk if they don’t have SIPC insurance confirmed.
And this video is really about just giving you some other ideas and options besides Robinhood. Even though you’ll make a bit less than 3%, the result is pretty negligible..the difference of .65% on $20,000 is only $10.83 per MONTH…and for that price, I think getting a better bank with better customer service is totally worth the price. So I hope this video was able to give you some solid options to think of!
For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

By Stock Chat

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24 thoughts on “I found the most profitable savings accounts it s not robinhood”
  1. Avataaar/Circle Created with python_avatars Abi Wada says:

    What do you think of mysavingsdirect 4.35% (4.26 in actual) ?

  2. Avataaar/Circle Created with python_avatars Bimmer Won says:

    Does opening and closing bank accounts affect your credit score?

  3. Avataaar/Circle Created with python_avatars A. Pang says:

    Banks are all the same. There brochures don't tell us all the informations in their brochures. I never knew the Banks can withold your money because they have Banking Laws people never new. Now they are coming out and they have us by our neck. The Banking Laws are for their benefits, not really for our benefits.

  4. Avataaar/Circle Created with python_avatars Albie says:

    I used to have PNC Bank and i hated them. I wouldn't use them

  5. Avataaar/Circle Created with python_avatars Z P says:

    When Graham was saying wide I thought he was saying white…. Hahahaha not true though I just misheard things y'all

  6. Avataaar/Circle Created with python_avatars Heru- deshet says:

    They suck now.

  7. Avataaar/Circle Created with python_avatars Canyon says:

    Series I treasury bonds track the CPI-U and are tax free for SALT.

  8. Avataaar/Circle Created with python_avatars Fierce Millionaire Project says:

    Macus is down to 1.05%

  9. Avataaar/Circle Created with python_avatars Ciarra Flannagan says:

    I should have watched this before opening my new savings account at Citibank 🙁 but 1.55% isn't too terrible from where I was coming from (Bank of America) and have racked up almost $10 in return in the few months I've been with them.

  10. Avataaar/Circle Created with python_avatars Karla Morel says:

    2020
    Ally 1.50%
    American Express 1.50%
    Capital One 316 1.50%
    Goldman Sachs 1.30%
    synchrony bank 1.30%

    I did not know some of the savings accounts, thank you for the head up.

  11. Avataaar/Circle Created with python_avatars Duckywucky says:

    Why are they all at 1.7 now 🙁

  12. Avataaar/Circle Created with python_avatars Ashleigh Arcucci says:

    What is the best checking account in Massachusetts or online ?

  13. Avataaar/Circle Created with python_avatars Strength2thend says:

    May I transfer money from my pre paid brinks card to a discover savings?

  14. Avataaar/Circle Created with python_avatars Anasik Arakelian says:

    I do have AMEX savings account but they lowered the percentage

  15. Avataaar/Circle Created with python_avatars Kirbythediver says:

    Mines one of those requirement debit accounts but it does 4.02% to 15k

  16. Avataaar/Circle Created with python_avatars Adarsh Khanal says:

    i am living in developing country Nepal
    and each and every bank is give more than 6% intrest in saving or checking account
    and actually 12% in fixed account

  17. Avataaar/Circle Created with python_avatars Drew Duenas says:

    My local credit union offers 3% its fdic is this good?

  18. Avataaar/Circle Created with python_avatars Malaika N says:

    WE NEED AN UPDATED VIDEO FOR 2020 🗣

  19. Avataaar/Circle Created with python_avatars Trisha Peters says:

    I was a bit lost during the video. I had no idea about interest rates and how that ties in with savings account. Do you recommend a beginner video on these things?

  20. Avataaar/Circle Created with python_avatars SG_Fitness says:

    Ive had a PNC checking account for the past 5 years and it’s trash
    I only have it because I’m too lazy to change some of my bills to my navy federal lol

  21. Avataaar/Circle Created with python_avatars Just another weirdo says:

    Other banks people have mentioned in the comments:
    Wealthfront
    Vio
    Udc
    Barclay Savings

  22. Avataaar/Circle Created with python_avatars Kat kat TAROT & PARANORMAL Medium, Jobin Music says:

    What do you think of robinhof

  23. Avataaar/Circle Created with python_avatars Emery Lindeman says:

    I just checked Ally Bank and as of now (December 28, 2019) they are only offering 1.6% APY on savings 🙁

  24. Avataaar/Circle Created with python_avatars R BB says:

    Ally only offers 1.6% now. :Lame. Amex 1.7% now. Lame. Cap One 360 1.7 lame. Sachs 1.7. lame. Synch 1.8 lame. pnc 1.9 lame

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