- METHOD:
- Get a legit savings account that pays out 4.75% [NOOB FRIENDLY}
- ======================
- Background info: The highest paying banks right now are Goldman Sachs (Marcus dot com) and citibank. Citibank will reward you with a $1000 bonus for installing direct deposit, but Marcus comes with a 1% rate bump for referring customers. If you use a ref link, the APY is 3.75% APY +1.00 per invite = 4.75%. There's another rate bump when you signup with AARP, but it's only 0.1% extra.
- no fees,
- no min deposit,
- no bank/wire transfer fees,
- US-based support line (i called them to check)
- Even holding just $1000 in a marcus account will earn $47.50/yr.
- SCALE THAT SHIT UP!
- FAQs
- https://www.marcus.com/us/en/faqs
- Yes, it's FDIC insured for 250k:
- https://banks.data.fdic.gov/bankfind-suite/bankfind/details/33124
- Signing up takes 2 minutes:
- https://youtu.be/FvBki-JFDms?t=12
- ref link (you need this):
- https://t.co/6YJ2fUYIOh
- good luck pimps