[dewilson58]

Originally Posted by PersonOfInterest

If 1-2% are insignificant then why would you bother with a CD unless it had a yield above 6%? Where do you find CD's that are more than 2% above what high yield savings are offering?

The point is..................no need for a savings account as an investment.
As stated, "If "you" require Insured dollars in your portfolio, "..................use CD's and get a higher rate and have liquidity.

[JRcorvette]

If you want a local BANK with I believe you asked for the Mid Florida CU has 3% on their Saving Account. That is the best I have found for Local.

[rsmurano]

Never use a local bank savings account, you will always lose money. The money in your taxable accounts that is not invested can be put into a MM fund paying close to 5%. If you need the cash, sell part of the MM.

[flash4353]

I wanted the liquidity and dealing face to face. You helped , thank you!

[FastAndCurious]

6-18-23 from Fidelity. Not exactly a bank account but you can get a checkbook to draw from your core account when you need cash. I also like the felxibility of using shorter terms to ladder the funds.
All this is easily done by you online with no need for an expensive account manager.

3mo 6mo 9mo 1yr
CDs (New Issues) 5.35% 5.35% 5.35% 5.45%
BONDS
U.S. Treasury 5.25% 5.30% 5.29% 5.28%

[dewilson58]

Originally Posted by FastAndCurious

6-18-23 from Fidelity. Not exactly a bank account but you can get a checkbook to draw from your core account when you need cash. I also like the felxibility of using shorter terms to ladder the funds.
All this is easily done by you online with no need for an expensive account manager.

3mo 6mo 9mo 1yr
CDs (New Issues) 5.35% 5.35% 5.35% 5.45%
BONDS
U.S. Treasury 5.25% 5.30% 5.29% 5.28%

[Stu from NYC]

Originally Posted by flash4353

I wanted the liquidity and dealing face to face. You helped , thank you!

If you want it go for it. For me like the liquidity as well as higher rates

[2newyorkers]

Truist on 466 for CD rates.

[maistocars]

Originally Posted by Hobbiest

Right now Citizen’s Bank is offering a 4.5% interest rate with a $1 minimum deposit. An independent source that scans nearly every available rate is a company called Bank Rate. They gather and organize rates on many investment products.

Bankrate: Guiding you through life's financial journey

Monthly I find the best available rate then, if necessary, move funds. Throughout the course of a year I earn about a week’s worth of “free” groceries for my effort. Is it worth it? Well, there aren’t as many activities that “cost” 15 minutes of computer time for such a handsome return. ������

What Citizens account is that? I just looked and they pay either .07% or .01%......

[Caymus]

Originally Posted by maistocars

What Citizens account is that? I just looked and they pay either .07% or .01%......

Probably referring to Citizens Bank, not the local Citizens Bank and Trust.

Best Savings Accounts - Compare rates at Bankrate.com

[retiredguy123]

Originally Posted by maistocars

What Citizens account is that? I just looked and they pay either .07% or .01%......

Here is the link. Note that this is Citizens Bank, not the local Citizens First Bank.

Access Denied

[maistocars]

Originally Posted by retiredguy123

Here is the link. Note that this is Citizens Bank, not the local Citizens First Bank.

Access Denied

Ahh, thank you! Interesting there are 4 different "Citizens" banks that come up with the Villages one, Citizens First, paying 2% on balances under $1M. This one you provided the link to is an online-only bank , but does pay the 4.5%. Thanks again!

[Sharon5]

US IBond currently 4.30%

[OrangeBlossomBaby]

Originally Posted by flash4353

Which banks in or near The Villages offer the best rates on a savings account?

I'm very glad that out of these two pages of responses, you at least got erm - three responses that answered the question you asked. It's useful information to anyone who is looking for a brick-and-mortar bank at or near The Villages to provide a Savings account, and not an investment account, a CD, bonds, etc.

[Whitley]

Originally Posted by dewilson58

The point is..................no need for a savings account as an investment.
As stated, "If "you" require Insured dollars in your portfolio, "..................use CD's and get a higher rate and have liquidity.

If you have several hundrek k, (first, God Bless) and want to put it into CD's but are afrain of the FDIC, look into CDAR's. Work similar to an ICS account.