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I read some reviews about how awful some of these banks are and it turned me off. People putting their money in and having it disappear. People not getting their money back out. Having a bank you can trust is worth something, even if you get slightly lower interest.

Other reputable banks like Amex or Discover are only returning 3.75% right now.



CIT bank has a track record of offering some of the high savings rates (4.5% now) and it has a great online interface, with $250k transfer limits.

https://www.cit.com/cit-bank/bank/savings/savings-connect-ac...

It is also part of First Citizens which is a decent sized institution:

https://en.wikipedia.org/wiki/First_Citizens_BancShares


Yeah it’s what I’d call a very competitive interest rate for a saving account.

Amex slightly lower, citizens access slightly higher.

Banks looking like they may lead to a more questionable experiences have even higher rates to offset higher chance of frustrations.




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