u/sleepy_shallot

I’m looking to open a HYSA and I think I’ve narrowed it down to EverBank, Ally, or maybe Live Oak.

Right now Ally’s APY is 3.1% while EverBank’s is 3.9%, which makes it very attractive. I know APY fluctuates and is subject to change without notice. But I’ve seen some people mention that EverBank purposely drops their APY on their performance savings accounts after a sort of introductory period. Is that true?

I’m leaning toward EverBank right now. It doesn’t have as many customizable features as Ally but certainly has more than Live Oak (currently at 3.8% APY). Live Oak’s app in iOS also doesn’t have great ratings, where as Ally and EverBank have well received apps and use interfaces. But if EverBank drops APY in purpose after an intro period I don’t know if I’d go with them. And since I’m not putting hundreds of thousands into a savings account I’m wondering how much less than 1% would make in impact.

I’m looking to open a HYSA and I think I’ve narrowed it down to EverBank, Ally, or maybe Live Oak.

Right now Ally’s APY is 3.1% while EverBank’s is 3.9%, which makes it very attractive. I know APY fluctuates and is subject to change without notice. But I’ve seen some people mention that EverBank purposely drops their APY on their performance savings accounts after a sort of introductory period. Is that true?

I’m leaning toward EverBank right now. It doesn’t have as many customizable features as Ally but certainly has more than Live Oak (currently at 3.8% APY). Live Oak’s app in iOS also doesn’t have great ratings, where as Ally and EverBank have well received apps and use interfaces. But if EverBank drops APY in purpose after an intro period I don’t know if I’d go with them. And since I’m not putting hundreds of thousands into a savings account I’m wondering how much less than 1% would make in impact.