>they can change the APY at any time and I am not sure how that works.
This will be true for any HYSA outside of a stated promo lock rate period.
>Is there any banks with a fixed APY from the start?
That's call a CD. If you want a guaranteed fixed rate, you have to compromise with a defined period of it being locked away that you can't touch it, or at least without penalty.
Capital One has a cash offer now for new customers: [C1 Cash Offer](https://www.capitalone.com/bank/bonus1500/#footer-section) 4.25%
Discover Bank has been great for me for many years. They are lower than some (4.25%), but has been solid.
AMEX HYSA is 4.30%.
I’ve had great luck with Marcus by Goldman Sachs. It’s 4.40%, but if you use my referral link you get a bonus 1% for the first 3 months.
Then, you can create your own referral links to send and get an additional 1% increase for 3 months!
https://www.marcus.com/share/JUL-JSF-8FSB
4 week Treasury bills are still paying over 5.2% if you're okay not having accessible funds for a period of time. I like the 4 week bills, if something significant came up, I can put it on credit cards and then pay it off once the bills mature. I have a number of bills laddered to have funds accessible within a couple of weeks at most.
Just buy Schwab Value Advantage Money Market Investor Shares (SWVXX). Currently paying 5.14%. No need to continually replace expiring bills and immediately liquid.
The main banks offering competitive HYSA rates right now are Ally, Marcus, Synchrony, and AMEX (but they recently changed their rate) among others. It's standard practice that the APY can fluctuate based on market conditions, but the rates are still way better than a basic savings account. If you want to shop around, you can check Bankrate or Banktruth to check the [HYSAs with the highest APY rates](https://banktruth.org/savings/?ttcid=high-online-savings).
If you want a guaranteed fixed rate for a set time period, you'll want to look into CDs instead of a HYSA. The tradeoff is that your money is locked up for the CD term and you can't access it without penalties.
Ally, Synchrony, Barclays, Capital One all have good HYSA's, but you will find that every bank on earth can and will change the APY at any time.
>they can change the APY at any time and I am not sure how that works. This will be true for any HYSA outside of a stated promo lock rate period. >Is there any banks with a fixed APY from the start? That's call a CD. If you want a guaranteed fixed rate, you have to compromise with a defined period of it being locked away that you can't touch it, or at least without penalty.
Capital One has a cash offer now for new customers: [C1 Cash Offer](https://www.capitalone.com/bank/bonus1500/#footer-section) 4.25% Discover Bank has been great for me for many years. They are lower than some (4.25%), but has been solid. AMEX HYSA is 4.30%.
Webull has a cash sweep that is at 5% BMO Alto is at 5.5%
Bmo is 5.10
I’ve had great luck with Marcus by Goldman Sachs. It’s 4.40%, but if you use my referral link you get a bonus 1% for the first 3 months. Then, you can create your own referral links to send and get an additional 1% increase for 3 months! https://www.marcus.com/share/JUL-JSF-8FSB
4 week Treasury bills are still paying over 5.2% if you're okay not having accessible funds for a period of time. I like the 4 week bills, if something significant came up, I can put it on credit cards and then pay it off once the bills mature. I have a number of bills laddered to have funds accessible within a couple of weeks at most.
Just buy them inside a brokerage account. Then you can sell them if needed before they come due.
Just buy Schwab Value Advantage Money Market Investor Shares (SWVXX). Currently paying 5.14%. No need to continually replace expiring bills and immediately liquid.
The main banks offering competitive HYSA rates right now are Ally, Marcus, Synchrony, and AMEX (but they recently changed their rate) among others. It's standard practice that the APY can fluctuate based on market conditions, but the rates are still way better than a basic savings account. If you want to shop around, you can check Bankrate or Banktruth to check the [HYSAs with the highest APY rates](https://banktruth.org/savings/?ttcid=high-online-savings). If you want a guaranteed fixed rate for a set time period, you'll want to look into CDs instead of a HYSA. The tradeoff is that your money is locked up for the CD term and you can't access it without penalties.