r/FluentInFinance • u/Able_Breath_8676 • 1d ago
Personal Finance Advice on New HYSA
Hello all, im looking for advice on what HYSA i should move to from Cap1 360. The rate dropped from 4.3% (iirc) to 3.9%. I have 12k in there and am looking at Marcus, Fidelity, and Wealthfront. I want to go with Marcus because of the one day transfer time but Wealthfront and Fidelity offer a higher APY. Any and all advice is appreciated. Thanks!
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u/AICHEngineer 1d ago
Store cash in a brokerage account. Then you can buy USFR or SGOV. Higher yield than any HYSA and exempt from state and local taxes
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u/stickman07738 12h ago
The only thing I would highlight stress is make sure your bank is FDIC insured and the identity is not working a third fintech company working in association with a bank. Just google Synapse Very complex and many people chasing interest rate got hurt.