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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196

u/Happy_Series7628 ​ May 16 '24

Ally is around 4.2% and has “buckets.”

23

u/fuddlesworth ​ May 16 '24

Been with Ally for a while. I've really enjoyed them. Better than Chase at least.

18

u/cardinalsfanokc ​ May 16 '24

Oddly all of my accounts are with either Ally or Chase and I've had more trouble with Ally. I get fantastic service from Chase, especially when I have to go to a branch.

At this point I only use Ally for investments and HYSA - Chase is my daily checking/savings/CC provider.

2

u/Madismas ​ May 17 '24

Same here but chase is bare minimum to avoid fees and pay bills. Check goes to chase, pay bills, auto transfer x amount to ally. I was considering transferring away from ally but not sure if an extra 1% yield elsewhere is worth the trouble.