ilmscore | My 5 BEST Savings Accounts | RECESSION PROOF

My 5 BEST Savings Accounts | RECESSION PROOF

Predictions from this Video

Total: 13
Correct: 0
Incorrect: 0
Pending: 13
Unrated: 0
Prediction
Topic
Status
Robinhood's cash sweep account is offering a 3.75% APY.
"this account is paying a massive 3.75 apy"
High-Yield Savings Accounts APY
Pending
To break even on the $5/month Robinhood Gold subscription, you need to have $1600 in your account.
"sixteen hundred dollars that's how much money you need to have inside of Robinhood just to break even with Robin Hood gold to pay for that five dollars a month"
Robinhood Gold Break-Even
Pending
Robinhood's cash sweep account is paying 3.75% APY, which is 23 times the national average.
"this account is paying 23 times the national average at 3.75 percent"
High-Yield Savings Accounts APY
Pending
Robinhood offers up to $1.5 million in pass-through FDIC insurance through its partner banks.
"Robin Hood is insuring us with up to 1.5 million dollars in pass-through FDIC Insurance"
Robinhood FDIC Insurance
Pending
The true break-even point for Robinhood Gold, considering taxes and fees, is $2133.33.
"two thousand one hundred thirty three dollars and thirty three cents that's how much money you need in uninvested cash just to break even and get back to zero at the end of the year"
Robinhood Gold Break-Even (Adjusted)
Pending
To out-earn Ally Bank's 2.5% APY with Robinhood's Gold account (after taxes and fees), you need $6400 in uninvested cash.
"in order to out earn allies 2.5 percent you need to look at the next dot because it is at that point after taxes and fees is where it makes more sense to go with Robin Hood and that last dot shows us 6400 that is how much money you need to have an uninvested cash to out earn allies free 2.5 percent"
Robinhood vs. Ally Bank Minimums
Pending
SoFi is offering a 3% APY on its savings accounts.
"they're paying three percent apy"
High-Yield Savings Accounts APY
Pending
To out-earn SoFi's 3% APY with Robinhood's Gold account (after taxes and fees), you need $10,666.67 in uninvested cash.
"in order to out earn sofi's free three percent after paying Robin Hood's taxes and fees that number turns out to be 10 666.67"
Robinhood vs. SoFi Minimums
Pending
Capital One's high-yield savings account offers a 3% APY.
"capital one's high yield savings account because it is also paying three percent apy"
High-Yield Savings Accounts APY
Pending
Wealthfront is offering a 3.3% APY on its savings accounts.
"wealthfront and right now they're paying a huge 3.3 percent"
High-Yield Savings Accounts APY
Pending
To out-earn Wealthfront's 3.3% APY with Robinhood's Gold account (after taxes and fees), you need $17,777.78 in uninvested cash.
"it would take 17 777.78 so if you have less than that inside of Robin Hood it makes more sense to go with wealthfront"
Robinhood vs. Wealthfront Minimums
Pending
A one-month I Bond is currently paying 3.73% APY.
"one month Bond that's right now paying 3.73 percent"
I Bonds APY
Pending
Treasury bonds with 6 to 12-month maturities offer the highest possible rates.
"treasury bonds ranging between 6 to 12 month maturities and you'll get the highest rates possible"
Treasury Bonds APY
Pending