Should I open an account with a second bank just to get a better HYS interest rate?
I currently have a money market account (as well as a standard savings account that I don’t use) at my local credit union (SECU) which earns 2.05% interest and I’ve been reading this sub on HYSA and it seems like that’s actually a pretty low amount. I only have accounts open with that one bank though, is it worth it to find a bank with a higher savings interest rate and open an account with them? If so, what banks do you recommend?
I need an HYSA where I can frequently withdraw and add money and my current money market account has no limits or fees on this.
I’d appreciate any advice, thank you!
u/BeMelancholy — 6 hours ago