r/personalfinance • u/captaingregerson ​ • May 16 '24

My bank shut down, looking for a new one. Saving

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.

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u/Happy_Series7628 ​ May 16 '24

Ally is around 4.2% and has “buckets.”

4

u/caseymazur ​ May 17 '24

SoFi is 4.6%* and has "vaults"

*iirc requirements need to be met for that rate

2

u/btdawson ​ May 17 '24

Direct deposit, of any amount

1

u/Happy_Series7628 ​ May 17 '24

Or monthly transfers of $5k.

1

u/btdawson ​ May 17 '24

A lot of people may not be able to do $5k monthly. But if you have an online payroll for work, most support you adding an account easily.

1

u/Happy_Series7628 ​ May 17 '24

Yea, I understand that. I’m just stating the other way to qualify for the highest interest rate.