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Sofi or Openbank high yield savings? (lemmy.today)
submitted 2 months ago by loopy@lemmy.today to c/personalfinance@lemmy.ml
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Hi all, I’m looking at HYS accounts and I see Sofi and Openbank coming up as some of the higher rate options. It looks like Openbank is based in California and has 4.2% but poor customer service reviews on Trustpilot. Sofi is 4.3% but with a limited time 0.7% “boost,” so 3.60% normally, but appears to have better customer service. I’m more inclined to have better support through Sofi.

I also had many people tell me Ally gave them 3.30% and pretty good customer service and transfer times. Any thoughts?

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[-] loopy@lemmy.today 3 points 2 months ago

Thanks for the suggestion. It looks like the credit unions around me do have similar or a slight bit better rates. And I do like the idea of keeping my money more locally.

[-] eldavi@lemmy.ml 3 points 2 months ago

one of my local credit unions is offering 6.75%

[-] variouslegumes@reddthat.com 1 points 2 months ago

Be sure to read the terms. Some cap the percentage to a certain amount or require a set amount of transactions per month.

this post was submitted on 18 Nov 2025
16 points (94.4% liked)

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