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    Online banks or high interest savings

    Anyone use one? Thinking of using Ally.

    #2
    High yield savings is .5% right now. Much better off putting that money in a money market or look into index funds.

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      #3
      I have started using blockfi and Gemini. Getting over 7% interest on USD. Gemini compounds daily!

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        #4
        Originally posted by nbrantr View Post
        I have started using blockfi and Gemini. Getting over 7% interest on USD. Gemini compounds daily!

        Tell me more about this, and is it insured?

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          #5
          Originally posted by Keith View Post
          Tell me more about this, and is it insured?
          X2

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            #6
            tagged

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              #7
              Probably a small maximum balance, no jumbos.

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                #8
                I’ve used Ally for years. Love it

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                  #9
                  Originally posted by Keith View Post
                  Tell me more about this, and is it insured?
                  Its based on crypto currency. Not likely anything you would want your money in. The higher risk crypto pays the highest interest.

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                    #10
                    no, unfortunately it's not FDIC insured. I have them connected to my checking account and make recurring deposits, quick and easy. Working very well, making 100's of dollars a month vs the 20 cents at the old bank.

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                      #11
                      Perhaps I am wrong, but would this not be for someone with excess money that is basically throw away money? truthfully , just trying to figure out if i want to start the jump in , jump out of the crypto market

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                        #12
                        I just signed on for a 1% rate for my checking and savings @ our (what used to be) local CU, Tdecu.org. For up to 50K. Hopin I didn't overlook something!

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