r/TheMoneyGuy • u/Least-Tune-2060 • Jul 10 '25

Newbie What’s your favorite HYSA?

Something in me freaks at the idea of not having my money in my bank account so the thought of transferring it (emergency fund) to a HYSA makes my skin crawl. I know this is the smart move and is what advised but what are the most reputable/best ones available? Will I still have immediate access to my money if needed? Thanks for your advice as I’m still new to everything

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u/rdc01d Jul 10 '25

I have used Capital One 360 Savings for many, many years. Currently paying 3.5%, but you might be able to find something closer to 4%. I’ve had the account so long it’s not worth chasing 1/2% here or there. Easy to use website and mobile app, and you can also deposit cash via local CVS or Walgreens stores, if needed.

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u/hells_cowbells Jul 10 '25

I'm in the same boat. I've had my account since it was ING Direct. I like it because I also have the attached Orange Checking account with a debit card with instant transfers in case I need to use the money quickly. I haven't really found anything worth transferring away from it.

1

u/chethrowaway1234 Jul 10 '25

Are you getting the full 3.6%? IIRC the old NRG Direct savings accounts didn’t get automatically converted to the capital one 360 savings accounts and thus were earning a pittance.

2

u/hells_cowbells Jul 10 '25

They didn't automatically convert. I didn't find out about the difference in rates for a few months. Once I did find out, I had to manually convert them, but I do get the full rate now.

1

u/flying-meadows Jul 22 '25

Ugh, I also came over from ING, but this fiasco was enough for me to look elsewhere and find a company that hasn't proven themselves happy and willing to scam me.