Available for residents nationwide, MySavingsDirect offers an Online Savings Account with 1.80% APY when you open an account.
Continue reading below to learn everything you need to know about MySavingsDirect.
Table of Contents
About MySavingsDirect Online Savings Review
MySavingsDirect is FDIC insured with Emigrant Savings Bank and helps provide fantastic APY rates when you open an account, as well as great services and features.
With such great Online Savings rates you can earn big! The account gives you access to online banking, eStatements, mobile banking, text alerts, and so much more.
I’ll review MySavingsDirect Online Savings below.
MySavingsDirect Online Savings 1.80% Rate
- Account Type: MySavings Account
- Interest Rate: 1.80% APY
- Minimum Balance: None
- Maximum Balance: None
- Availability: Nationwide
- Credit Inquiry: Soft pull
- Opening Deposit: None
- Credit Card Funding: Unknown
- Monthly Fee: None
- Early Termination Fee: None
American Express Personal Savings Account - You earn 1.70% interest rate along with no minimum deposits or monthly fees. Amex Personal Savings has been my favorite Hub account for the past 5 years. Using this account to Pull/Push your money is absolutely necessary when you have many accounts. Here's why:
*No dollar limitations for ACH transfers - When you find a top bank rate account, you don't want to be limited to just $5K or $10K transfers. Amex Savings will let you transfers as much as you want whether you are pulling or pushing money from and to an external bank account.
*1 to 2 business days ACH transfers speed - With top-notch user interface, you get your money to another external account or pull money from another bank account within a day or two.
*No loss of interest during transfers - On the day you initiate your transaction on the Personal Savings website, the funds will be reflected in your Current Balance and begin earning interest.
Some other features from American Express Personal Savings include Free Wire Transfers, 3 maximum linked accounts, and maximum 6 ACH withdrawals per month.
Savings account offers are frequently updated. Find the best nationwide Savings/Money Market rates here, and the best Savings account bonuses here. The Axos UFB High Yield Savings and CIT Bank Savings Builder accounts offer great rates available nationwide. The Discover Online Savings and Chase SavingsSM account have nice sign-up bonuses.
|Discover Bank Online Savings||1.60% APY + $200 Cash||Review|
|CIT Bank Savings Builder||1.75% APY + $100/$200 Bonus||Review|
|UFB Direct High Yield Savings||1.90% APY||Review|
|Betterment EverydayTM Cash Reserve||1.83% APY||Review|
|American Express High Yield Savings||1.70% APY||Review|
MySavingsDirect ACH Capabilities & Limits
|ACH Type||Speed||Daily $ Limit||Monthly $ Limit||Notes|
|Push||1 day||$500K||?||Limited to 2 linked accounts for withdrawal|
How to Earn MySavingsDirect Rate
- Open a MySavings account
- Input your info – Provide your name, address, phone, email and social security number
- Fund the account – Transfer funds electronically from an internal or external account
- Earn 1.80% APY no matter what balance
|Balance Requirement||APY Rate|
Why You Should Sign Up For This Account
- Save more with this leading rate among other banks
- No service fees or minimum balances to worry about
- Easily open your account online and follow the requirements
- Keep your current checking account and have it linked to the MySavings account
- Manage your high yield savings account anytime
All in all, the current promotional rate from MySavingsDirect is a great choice for those looking to earn a higher APY rate than that of the national average, while still having the freedom of choosing how much you would like to deposit into your new account.
For more bank offers, see the complete list of Best Bank Rates!
Check back often to see the latest info on MySavingsDirect Online Savings Account.