text: Online high-yield savings? - BabyCenter
  What do you say when people ask if you're...
  Online high-yield savings?
  Anyone here have recommendations or warnings for these types of accounts? Was thinking of Discover or Ally. Would be used to house an emergency savings and an account for my new baby, not something I would need to access immediately.
  We use capital one and Barclays. We do have cd's at ally and like it fine as well. IME they're all about the same.
  Synchrony Bank. I've had my account with them for a few years with no complaints.
  What I love about CapitalOne360 is the ability to make multiple accounts and name them. We can literally call them "house fund", "car fund", "vacation fund", etc. The interest rate, though, is a little lower than others. We only get 1% for the savings accounts we can name and 1.5% for the money market account we cannot name. I believe Ally is at 1.45% for their savings accounts right now. I do not know if you can nickname accounts there or not. Perhaps others can chime in on whether or not their banks have this feature.
  What I love about CapitalOne360 is the ability to make multiple accounts and ...
  Ally can nickname accounts. I have over a dozen all with nicknames and autotranfers set up into each one every month.
  Thanks everyone! This was super helpful I will look into the accounts you all recommended!
  How about a 3% kasasa account? You have to jump through some hoops in terms of x transactions per month but it may be worth it to you.
  How about a 3% kasasa account? You have to jump through some hoops in terms o...
  I looked this up but I'm confused. Kasasa is not a bank? It's a function of your own bank? Any explanation appreciated!
  I looked this up but I'm confused. Kasasa is not a bank? It's a funct...
  It's basically a group of banks who agreed to offer high interest checking accounts. We don't have one local but I was able to find a small local bank that offers a high interest checking.
  The downsides to our high interest checking are the transaction requirements and the maximum amount. It's not an appropriate vehicle for savings imo.
  Just throwing in some more options..I second the kasasa, for high yield checking. If you can handle the 12 purchases per cycle, it's definitely worth it to get the 3.5%.
  For savings what about CIT bank, they have a high yield savings that offers 1.55% and a money market that offers 1.75%.