Best Bank Account Setup to Earn Interest on All Your Cash

#177: Chris shares the best accounts to replace your checking account and maximize interest earning. He evaluates must-have banking features, compares 10+ bank accounts, assesses the pros and cons of switching accounts, offers automation tips to elevate your banking experience and so much more. 
Link to Full Show Notes: https://allthehacks.com/best-bank-accounts-high-interest

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Resources Mentioned
All the Hacks

Membership

Bank Bonuses

Episodes #62: Protect Your Family, Mitigate Taxes and Preserve Your Wealth


All-in-One High Yield Accounts:


Fidelity Cash Management (SPAXX coming June 15)


Wealthfront Cash Account (Get 5.5%)

U.S. Bank Elite Money Market


TransferWise (For international transactions)

High Yield Savings + Checking w/ Overdraft:


Mercury: Enter giveaway to skip the waitlist for Mercury Personal

SoFi

Capital One

Discover

CIT Bank

Ally Bank

Robinhood: Spending | Investing


Schwab Checking Account

Recurring Transfers: Zelle App
Personal Finance Tracker: Copilot (Get 2 months free with code HACKS2)
Wealthfront:

Automated Bond Ladder + Calculator

Automated Savings Plan


Full Show Notes
(00:00) Introduction
(03:29) Must-Have Features in a Primary Bank Account
(09:23) Tiebreakers to Consider for a Bank Account
(14:43) High-Yield Savings Accounts
(17:41) Regular Checking Accounts
(21:43) The Most Optimal Way to Use a Bank Account
(24:54) Comparison of Banks with Main Features You Need
(28:50) Robinhood's Investing & Spending Accounts
(30:52) The Difference Between Bank Accounts and Investment Accounts
(33:25) The Schwab Checking Account
(38:39) Unique Features of Mercury
(44:33) The Wealthfront Individual Cash Account
(46:15) U.S. Bank's Elite Money Market Account
(47:17) Fidelity Cash Management Account
(53:24) Chris' Top 3 Bank Account Recommendations
(56:42) Is It Worth Switching Bank Accounts?
(58:45) Simple Steps to Automate Your Financial Life

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