most of my money is in VOO now, but what money I do have in my Chase checking account is going to waste because there’s no high-yield savings. What are some of the best options you recommend to move it to?
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Transferring funds from a traditional checking account to a high-yield savings account (HYSA) is a wise move for better returns. Based on my experience, you might consider reputable online banks known for competitive HYSA rates. Institutions like Ally, Marcus by Goldman Sachs, and Discover offer attractive rates without maintenance fees. Always ensure FDIC insurance for safety and compare the annual percentage yields (APY) to maximize your returns. These accounts typically offer easy online management and accessibility, making it convenient to manage your savings efficiently while you focus on more strategic investments like VOO.