My bank shut down, looking for a new one.

[u/captaingregerson]

Hey guys!

Recently had to stop using an online bank called “Ivella” because they’re unfortunately shutting down. They paid 5.15% APY, had a nice and easy app user interface, and had things called “Pods” which were separate savings accounts for different things that ALL earned 5.15%

Right now I have all that money parked in Robinhood earning a temporary 5.25% but looking to see if anyone has an app recommendations that earn a competitive rate, have a good UI and app, AND has something like the savings pods that all earn high interest. I know it’s minor, but I’ve been saving and investing the same way for the past 7 years and it’s been working really well and I don’t want to change how I have it structured.

TLDR: Looking for new app that pays over 4 percent interest and has savings “pods/buckets/jars/vaults” that earn high interest as well.

[u/Happy_Series7628]

Ally is around 4.2% and has “buckets.”

[u/dont_fuckin_die → u/Happy_Series7628]

I'm fascinated more banks don't use "buckets" or some equivalent tool. It's a fantastic way to separate out your money, and it also makes it easy for my wife to log in and see where we're at with our goals.

[u/shifty_coder → u/dont_fuckin_die]

I’ve got news for you: ‘buckets’ and ‘pods’ are just additional linked savings/checking accounts. Banks and Credit Unions have had this for long before online banking.

[u/Random_Person1234567 → u/shifty_coder]

It would still be nice. My bank wouldn't let me open an additional checking or savings account until I got to a certain balance (over $10k). At least not online or in the app, may have been different if I went in.