SClay wrote:I couldn't believe this. I thought I was all high and mighty with my Barclays 0.90% APY account. So I did some digging.
According to their website, 4% accounts are only eligible to be earning the 4% if the account balance is $1500 or less. Anything above $1500 is subject to 0.10% APY. Source: https://www.cacu.com/high-interest-savings-rates
But I'm glad you found a credit union your excited about nonetheless .
Yes Yes I know! Additionally you have to link your checking account to it and have 7 transactions per month AND have a $250 minimum direct deposit every month. Now I get that as a financial institution they have to cover themselves, but geez all that work to get the 4%?!?! Well to each its own. I'm not going to complain. My other savings accounts...I just leave it alone while it builds up so maybe will have to change how I use this one. Just sucks that there is that $1500 cap.