Best savings accounts right now: which one should I actually choose?
I'm trying to figure out which savings account to open. I've heard that Varo Bank and AdelFi offer 5.00% APY which is really high. I've also heard that Capital One 360 is solid and accessible. I've also heard that Newtek Bank is popular. I'm wondering which one is actually the best choice for me. The thing that concerns me is that I want high rates but also reliability. I've heard that online-only banks have better rates but no physical branches. I'm also wondering if I should worry about FDIC insurance. I'm trying to figure out which savings account actually makes sense for my situation. Which savings account has the best rates? Should I use Varo or AdelFi? What about Capital One 360? Is FDIC insurance important? Should I worry about online-only banks? Have you used any of these? What worked? Would you recommend it? Should I move my money? I'd appreciate advice about savings accounts.