Credit Karma Savings Account Review (2019)

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Kevin Conway

Kevin Conway

2 yıl önce

You need a high yield savings account. Check out my Credit Karma Savings Account Review to see if Credit Karma Savings is the right one for you.

69% of Americans have less than $1,000 saved, which is a scary thought. What happens if an emergency occurs, like your car needs new tires, your fridge goes out, or you get injured? You may be forced to charge it on a credit card, which can end up costing you thousands in interest.

Simply put, you need an emergency fund.

So where should you open your bank account to start saving? Rates at the leading national banks like Chase Bank, Bank of America, and Wells Fargo are near zero percent. On top of that, these national banks have account maintenance fees that can be $100’s per year. Yes. Account maintenance fees. These can be avoided, but still, you don’t want to be caught in this ticky tacky nonsense.

Further, every year, inflation eats away bit by bit at your savings, so by leaving your money in these accounts, you are actually losing money even if you don’t pay any fees.

So what bank account should you open if you want a free, high yielding, easy to use savings account? Today, I am taking about Credit Karma Savings.

Now, there are a lot of savings accounts out there. Everyone seems to be opening new bank accounts, from Wealthfront to T Mobile Money.

With that being said, I think Credit Karma Savings is overall a pretty solid high yield savings account.

First off, Credit Karma Savings has a 1.90% interest rate. This is a great rate and is among the highest of its competitors. The Federal Reserve has cut interest rates three times in the last several months, which has put pressure on all FDIC-insured savings account rates. In fact, Credit Karma Savings used to have a higher interest rate just a short while ago.

What I look for is how the banks are providing that interest rate. And here is what I found for Credit Karma Savings.

Credit Karma is tracking yields at more than 800 financial institutions, a network it is working with to allow it to "optimize" its rate on a monthly basis. As banks change the interest rates they offer, Credit Karma will move customers' deposits to those paying the best yields-though each customer will still access their money through a single account with the company.

Credit Karma also keeps no interest for themselves, either, and therefore are passing long most of it to customers.

Because of the way Credit Karma is calculating its savings, I believe that a top-tier rate is sustainable.

This 1.90% is great especially when compared to 0.01% that most brick and mortar banks offer. If you have $6,000 in savings, that means an extra $106 a year. That is basically free Chipotle every month!

Credit Karma Savings is FDIC insured in the same way that most new fintech high yield accounts are FDIC-insured. Credit Karma is merely the platform, and your funds are actually held with an FDIC insured member bank. Credit Karma is partnering with West Virginia-based MVB Bank, Inc., a real, FDIC-insured bank.

On its website, Credit Karma Savings states that you can learn more about the way it provides FDIC insurance by directing you towards the general FDIC website. This won’t tell you what you need to know. Namely, your accounts get FDIC protection through the sweep program. So technically, your funds only get the $5,000,000 protection once they reach the member banks. Practically, your accounts should be just fine.

Credit Karma Savings account has no fees of any kind. With that being said, there are some drawbacks to this account:

(1) there is no debit card with this account.
(2) There are no physical branches with this account, so if you want to deposit money you must transfer from another bank
(3) You can only make 6 transfers maximum per month with this account since it is a savings account

This account is super easy to sign up for, especially if you already have a credit karma account to check your credit score (which I highly recommend). You do not need to be a member of Credit Karma to sign up.

Overall, I think this account will be a big hit, since Credit Karma has over 100 million members and you get prompted to open the account when you login to your Credit Karma dashboard.

For me personally, I prefer to have simplicity in my life. I bank primarily with SoFi Money, since it is a checking and savings hybrid account with no fees and a high interest rate. I want to be able to withdraw cash and have one go to account.

💰 $25 signup bonus link for SoFi Money: bit.ly/390TLFp (this is my wife Sam’s link, mine’s not working right now)

AFFILIATE DISCLOSURE: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and sign up. However, this does not impact my opinions and comparisons.

YORUMLAR: 217
Kasi Hux
Kasi Hux 3 aylar önce
Once I link my bank, is all my money going to go into the ck account? Like, once its linked my account now , will no longer exist? Or is it more like I can deposit what I want and they wont take anymore unless I decide to deposit more?
Tosya Woodham
Tosya Woodham 3 aylar önce
I got my card locked, husband direct deposited into my account! I have not heard from them since Monday they have all our money locked up. They asked for my ID front and back I DID that and nothing all communication has stopped. I called customer service they can’t answer any questions period. All they say is idk, idk, idk go look at reviews on wallet hub this has happened to quite a few people in the last couple of months. It’s really sad. What’s killing me is people saying it’s been 4 weeks and NOTHING! We live pay check to paycheck and this is just bullshit. We have 6 children and two animals and they locked it all up!
Ayoub Bidari
Ayoub Bidari 5 aylar önce
the only difference is that I have received 1099-INT tax form for credit karma saving, its never applied to me to actual physical bank. what do you think sir its still worth it ?
Ayoub Bidari
Ayoub Bidari 5 aylar önce
Now credit karma has checking account (Spend)
Shanniethia Fears
Shanniethia Fears 6 aylar önce
Thank you for the review!!
Percy Flores
Percy Flores 7 aylar önce
does anybody know the way to raise your credit score like 10 points in less than a month is that even possible? thank you
Luis Rivera
Luis Rivera 8 aylar önce
Traduce en Español...
Brenda Trammell
Brenda Trammell 8 aylar önce
Everyone will have their own experience. I just opened an account with them about a month ago and I'm already having issues. I made a deposit but they said they reversed it due to insufficient funds which wasnt true it never appeared bank in my main account I had to file a claim. I've decided not to bank with CK.
jeanette mccay
jeanette mccay 10 aylar önce
ill probably use credit karma and chime in addiction to my regular bank accounts
Felicienne Beda
Felicienne Beda 10 aylar önce
hello Kevin I want to known how , can you tell me how do I access my credit karma saving acct I need to get some money thank you
AP
AP 10 aylar önce
Does credit karma saving pays compound interest ?
Kevin Conway
Kevin Conway 10 aylar önce
Yes it does 😎
pedro perez
pedro perez 10 aylar önce
someone tell me when I want to withdraw my money as I withdraw it ?
NXA Music
NXA Music Yıl önce
what happens when you want to close their account? do they have a limit on withdrawing all your savings to another bank..? how does that work? thanks for the great video!
Christian Alvarado
Christian Alvarado Yıl önce
Anyone still watch this video?
sadir demirtas
sadir demirtas Yıl önce
Anyone still watch this video?
Kevin Conway
Kevin Conway Yıl önce
👍
nebiyu meherete
nebiyu meherete Yıl önce
Thank you! Very nice presentation.
Kevin Conway
Kevin Conway Yıl önce
Thank you. I really appreciate it.
Kristin Charles
Kristin Charles Yıl önce
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Casey Tuck
Casey Tuck Yıl önce
1:25 So funny
ANFONIE B
ANFONIE B Yıl önce
Thank you so much I've been denying there offers but now I'm definitely interested since you've made it understandable! Awesome video bro 👍🏽
410TwoTimes
410TwoTimes Yıl önce
I deposited 70$ they only allowed me to withdraw 30$ and it says I have no more available funds
trey goff
trey goff Yıl önce
wow, very cool !
Young Jesus
Young Jesus Yıl önce
I'm currently watching this video while i have $20 ready to submit to my credit karma account lmao
JarredThegreat DahBoss
JarredThegreat DahBoss 5 aylar önce
@Matt J not everyone has that kind of money... let the man put in what he can! Anything is better then nothing!!
Matt J
Matt J Yıl önce
Its better to start with more than a hundred dollars! It enters you to win $2000!
Tasha Rouse
Tasha Rouse Yıl önce
Safe and sound
Emmanuel paul
Emmanuel paul Yıl önce
i thought am going to lose my reputation until i received blank atm card from vastlinkshacks com containing alot money to settle my bills so am forever grateful sire!
Kayla Finn
Kayla Finn Yıl önce
I think i just felt in love
commentoria
commentoria Yıl önce
I think you should remove these posts from this scammer Joyce Konadu,
The Richardsons
The Richardsons Yıl önce
WOWOWOW
Yesica Zamarripa
Yesica Zamarripa Yıl önce
Thank you!! I was about to go open a savings account with a bank
LifeWithLon
LifeWithLon Yıl önce
Times like this I wish I would of saved .
LifeWithLon
LifeWithLon Yıl önce
Once I'm stable again I wanna get ck
LifeWithLon
LifeWithLon Yıl önce
I have wells fargo n hate it . When I buy stuff sometimes it wont charge until I'm at $0 then I owe money and they charge me an extra 40 , 45. Its happened about 8 times. Some reason they wont charge my card till I'm at zero
Samantha Jeremy
Samantha Jeremy Yıl önce
Fix your credit with dbmarkconsult company
Joyce Konadu
Joyce Konadu Yıl önce
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merikhut
merikhut Yıl önce
CK Rate is down to .52 :-/ thoughts on VIO bank? And, at 1 percent is it worth it?
Joyce Konadu
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merikhut
merikhut Yıl önce
@Kevin Conway You mention passive income. Do you have a affiliate link for APY? I am not finding it. Thanks!
Kevin Conway
Kevin Conway Yıl önce
I prefer Ally for APY. Good solid all around bank.
Jerra Grett
Jerra Grett Yıl önce
Thanks for the "Simple" Straight Forward info.
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
You got it!
Mac DS
Mac DS Yıl önce
Where can I find my CK savings account number?
Joyce Konadu
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kenta janet
kenta janet Yıl önce
Do they offer secure lines of credit
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Kevin Conway
Kevin Conway Yıl önce
No
Rayos Muniz
Rayos Muniz Yıl önce
Interest rate now in July 2020 is .52%
Joyce Konadu
Joyce Konadu Yıl önce
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cuddybella
cuddybella Yıl önce
👍🏼👍🏼👍🏼👍🏼 every question I had was answered here! Thank you!! 😁😁
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
Glad to help!
Andrew Simpkins Innovation Foundation
Andrew Simpkins Innovation Foundation Yıl önce
Credit Karma is at 0.56% interest right now. Will it keep decreasing?
Ariene Ohimor
Ariene Ohimor 10 aylar önce
Yes.
Joyce Konadu
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Premiun Design Yıl önce
Use a real bank dont risk your money
RedhawkCrescentNews
RedhawkCrescentNews 7 aylar önce
@Official Nik The King facts!
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Joyce Konadu Yıl önce
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Official Nik The King
Official Nik The King Yıl önce
You lose $96 a year with Bank of America. Better off stashing it under the couch like in the good old days
Premiun Design
Premiun Design Yıl önce
I dont recomend credit karma has been 7 days since i opened.i try to widraw and the money is not there .seems too long and i cant even tranfer back that money to my original bank
Daily Driver
Daily Driver Yıl önce
Did you ever get access to your money you put in ck
Joyce Konadu
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AnimeGirl 8792
AnimeGirl 8792 Yıl önce
thank you google, your video pop up i was curious about the credit karma saving but there a lot of straight forward review but not a lot of personal humans review.
Kevin Conway
Kevin Conway Yıl önce
Thank you for watching!
Patricia Garcia
Patricia Garcia Yıl önce
If I were to need to withdraw all my savings into my credit union account would it be difficult?
Joyce Konadu
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Patricia Garcia
Patricia Garcia Yıl önce
mentalmindzent i ended up getting the credit karma savings account and all withdrawals are super easy. I would recommend the savings account.
Yinz Kno Johnny
Yinz Kno Johnny Yıl önce
That was my question I can't find no info
Alfonsina Valdez
Alfonsina Valdez Yıl önce
Thanks for this Kevin!
Kevin Conway
Kevin Conway Yıl önce
You got it!
Gerry OMO
Gerry OMO Yıl önce
Worst decision I’ve done lately lol I can’t even access my money. Tried withdrawing $200 and it said I had $0 balance and on top off that they don’t even have a customer service # posted.. no one I can talk to smh
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
Contact the CFPB.
Lck2398
Lck2398 Yıl önce
You convinced me. I've been with Credit Karma for a few years and it has been spot on with my open balances. I check them monthly. I like the way the site is set up! It is so easy to navigate and keeps you updated on accounts and sends emails when your score goes up. They motivate you to do well and offer you ways to improve your score. Was worried about opening a savings account with them but per your video here, I think I'll do it---Thank you Kevin!!
Lck2398
Lck2398 Yıl önce
@Joyce Konadu My credit score is excellent---Both well above 750
Joyce Konadu
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Kevin Conway
Kevin Conway Yıl önce
Thank you! Glad you like CK. Good luck!
Ashwini Sonawane
Ashwini Sonawane Yıl önce
what about Amex Savings account?
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
That's a great account. I highly recommend.
Japanese Anarchy アレン
Japanese Anarchy アレン Yıl önce
Just opened one up for my emergency fund. Excited to start using this. I've been in love with Credit Karma.
Joyce Konadu
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Kevin Conway
Kevin Conway Yıl önce
Great deal. Be aware, however, that interest rates have changed across all banks, so your interest rate, while still relatively good, isn't as stellar... I explain in more detail here: trshow.info/watch/rtsH8-yygdc/video.html
Melanin Mi Ashley
Melanin Mi Ashley Yıl önce
Hi Kevin, I signed up for the CK savings account I added 10k then I realized the APY was at 0.56%??
Joyce Konadu
Joyce Konadu Yıl önce
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Alejandro Salazar
Alejandro Salazar Yıl önce
Ashley M Great. I was reading the same stories. Glad you got out.
Melanin Mi Ashley
Melanin Mi Ashley Yıl önce
Alejandro Salazar I know I moved it back to my normal banking account read too many horror stories
Alejandro Salazar
Alejandro Salazar Yıl önce
10k? I’d be careful with putting that much into CK
Kevin Conway
Kevin Conway Yıl önce
Yes. This is because of the Federal Reserve’s unprecedented drastic cutting of interest rates. Credit Karma, and other banks, were forced to cut. Check out my video on it here: trshow.info/watch/rtsH8-yygdc/video.html
Sarah B
Sarah B Yıl önce
I see that the APY has skyrocketed lower in the last few days. Do you think it will increase again?
Joyce Konadu
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Kevin Conway
Kevin Conway Yıl önce
great question. yes, it will, but only if the Fed raises rates.... I explain in detail here: trshow.info/watch/rtsH8-yygdc/video.html
Melissa DeGuzman
Melissa DeGuzman Yıl önce
Just opened an account then I wanted to note down my account#...nothing, nada, zapp none??? Clicked every button in the app, no account#. Checked my email, nothing. I wanted to call customer service to inquire about account #...no phone# available. Then I chat with “penny”, no help. Ugh. Ck sucks in customer service.
Joyce Konadu
Joyce Konadu Yıl önce
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Swikritee Thapa
Swikritee Thapa Yıl önce
Do I have to have certain amount of money in the account?
Joyce Konadu
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Kevin Conway
Kevin Conway Yıl önce
Nope 👍
JustAYoutuber
JustAYoutuber Yıl önce
Would you recommend this account. Looking for an account to use same money up to move down south.
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mary helena
mary helena Yıl önce
@Kevin Conway which do you think is better ck or capital one
Kevin Conway
Kevin Conway Yıl önce
Yes I would. But I would look into Capital One, since the interest rate is good but you can access physical branches. Probably will be helpful if you are moving. Check it out: trshow.info/watch/5VG495UUm4E/video.html
Joseph Kent
Joseph Kent Yıl önce
Love it , been signed up since last year....saving becomes easy.....
MostHated_
MostHated_ Yıl önce
I've heard it is difficult to withdraw money from CK Savings. Is this true?
Kevin Conway
Kevin Conway Yıl önce
That's right. Nothing like a high yield :)
Dumplin Patterson
Dumplin Patterson Yıl önce
I was about to use their savings account ! I just wanted to confirm that it was really free & that their offers were legit.
Cozzy'La Create
Cozzy'La Create 10 aylar önce
@Joyce Konadu so how we know this Lee guy aint U??? And how we know he real if he dont have nooo popular site about what he does??
Matt J
Matt J Yıl önce
@Solid Tron the intrest rate is money yu get on the money yu have saved. Depending on the interest rate, uu get money back every month. Its not much but its money yu didn't work for! The intrest your thinking about is intrest on money you owe. So you borrowed someone's money and you paying them back with intrest! Aka you giving them money as a thank you for borrowing me your money!
Solid Tron
Solid Tron Yıl önce
I'm new at this so help me out here. How does this build interest at a hood level? I hear high interest rate is bad, which it is but low interest rate is good. How does this work with a savings account?
Tianna Francis
Tianna Francis Yıl önce
me too!
Joyce Konadu
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vadebron
vadebron Yıl önce
The SoFi Money link has expired will you add an updated link. Thanks
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Kevin Conway
Kevin Conway Yıl önce
Here you go! :) bit.ly/32lpJZA
Vincent Grepo
Vincent Grepo Yıl önce
Will the rate decrease overtime? Ally, Marcus, HSBC have all lowered their percentages after a few months of creating an account.
Joyce Konadu
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Kevin Conway
Kevin Conway Yıl önce
@VeganMicroFarm well said!
VeganMicroFarm
VeganMicroFarm Yıl önce
My account at Ally was 1.8 last year and increased to 2.05 and is now as low as 1.59-1.6%. Like the video said, its not a good idea to chase the highest rate and just park your $$ somewhere at a fair rate. I'm looking into CDs because the regular savings rates are dropping and there is a wide difference from a community bank, FCU and online banks.. I usually put a few dollars in a local bank every month for upcoming expenses (much like a Christmas account) knowing that taxes, insurance and heating expenses will come due soon and the cash is easy to withdraw.
Kevin Conway
Kevin Conway Yıl önce
It will go up and down and move in line with other banks, depending on what the Fed does with interest rates. But it will always remain comparatively competitive it seems to me.
Beth Van Hammond
Beth Van Hammond Yıl önce
This was a great overview! Thank you so much! The amount of detail and information was very helpful.
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
Thank you! Glad I could help. What other videos would you like to see?
Cesar Penailillo
Cesar Penailillo Yıl önce
Hi Kevin I opened one account with CK . Then i found your video.I feel better now. I thank yoy for your review. I clicked like and i subsrobed already. Hood luck and enjoy this 2020
Kevin Conway
Kevin Conway Yıl önce
Thanks Cesar! I appreciate it very much! Any video topics you wanna see?
Zaim Zaheer
Zaim Zaheer Yıl önce
Hi Kevin, thanks for the information! Would you happen to know if the money in this account is compounded daily or once a year?
Joyce Konadu
Joyce Konadu Yıl önce
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Kevin Conway
Kevin Conway Yıl önce
Hi Zaim. Thanks for the comment! The Credit Karma Savings account is compounded monthly and paid monthly.
David Larkins
David Larkins Yıl önce
I actually like the limitations, it actually allows you to save
Joyce Konadu
Joyce Konadu Yıl önce
Contact +1(203)2129832 on whatsapp Or via mail@ tommylee1242@gmail.com (he does not take upfront payment) if you need help Hacking your PayPal, To fix your credit card, To fix your credit score, Western Union hack, To hack into your cheating husband phone, Bank account, PayPal, Instagram verification, facebook and many more.. His fast and reliable............... ...
Kevin Conway
Kevin Conway Yıl önce
I guess that’s true! I like the thought 💰
Claire Austin
Claire Austin Yıl önce
So good! Thank you! I appreciate that you stick to the details and break them down simply. (So many times people have long winded explanations of things). The comparisons and benefit breakdowns are great. I’ll be checking in with you to get an education for my finances.
Bruce Rowe
Bruce Rowe Yıl önce
@Kevin Conway The two types of Life insurance term, which every financial person says is the only insurance to get Dave Ramsey says is the only insurance to get because it is cheap and you can get a lot of insurance. Than there is Whole life, which I call the Roll Royce of insurance. With term if you can't make your payments you loose your insurance, with Whole life if you miss your payments the insurance is still in effect and you can pay later, and Whole life is expensive, and does let you save money, I have a $7000.00 policy and it is worth double that to borrow on at 5.4% and you do not have to go through the qualifying paper work ,your can get your money the next day. But is is very expensive and you can get more money on your term insurance than a whole life insurance, and your money in savings take a while to mount up. So everyone recommend term most people can afford that. I just had to put in about the whole life.
Kevin Conway
Kevin Conway Yıl önce
@Claire Austin I have not done so yet, but I think that is a great idea. Thank you! I'll be sure to do a video on it :)
Claire Austin
Claire Austin Yıl önce
Kevin Conway Have you covered life insurance yet? The different types and who might benefit for each one? Like for me- healthy 45 yo single mom with 4 teens, starting from scratch (no savings or assets) but with a good job (commissions).
Kevin Conway
Kevin Conway Yıl önce
Thanks, Claire! I really appreciate it. Are there any subjects you would like to see covered in the future?
Clara Smith
Clara Smith Yıl önce
Question: with the "sweep" program, you said this process could take about 24 hours and funds are not FDIC insured until they are actually in that account...does that mean funds are vulnerable in that timeframe?
Kevin Conway
Kevin Conway Yıl önce
Technically yes. If the bank defaults during that time period, you could potentially be liable. However, that is extremely unlikely. And chances are, you will still have some recourse.
Ron B
Ron B Yıl önce
This guy looks suspiciously Mormon...
Claire Austin
Claire Austin Yıl önce
Relevance, rude person?
Kevin Conway
Kevin Conway Yıl önce
.... thanks? :p
Moneymike
Moneymike Yıl önce
DO NOT AND I REPEAT DO NOT DEPOSIT ANY MONEY IN THEIR SAVINGS ACCOUNT.!!!! IF YOU DO SAY GOODBYE TO YOUR MONEY. I DEPOSITED $100 AND IT DOESN'T ALLOW ME TO WITHDRAW. THEY HAVE NO PHONE NUMBER TO CALL THEY DON'T EVER RESPOND TO YOUR EMAIL. BEWARE!!!! IM VERY PISSED AT THEM RIGHT NOW.!!!
Kevin Conway
Kevin Conway Yıl önce
Wow that is terrible! Thanks for sharing your experience. Have you tried filing a complaint with the CFPB?
ruckin007
ruckin007 Yıl önce
Thank you
Kevin Conway
Kevin Conway Yıl önce
Anytime!
It's Marionique
It's Marionique Yıl önce
Thank you for this video. I’ve been interested for some time. You’re awesome! ❤️
Kevin Conway
Kevin Conway Yıl önce
Thank you! That means a lot. Glad I could help!
m3g0mia
m3g0mia Yıl önce
Nice but I need to be able to deposit checks somehow. If I need to add money the only way is by using another bank then that defeats the purpose for me. Then there isn't any debit if I were to add my emergency fund in addition to my saving portion and i needed to use it in the emergency then I'm screwed with this account. Hopefully a year from now they'll offer these options so I can join.
Kevin Conway
Kevin Conway Yıl önce
I hear that. It's a bit of an inconvenience, for sure. You might want to check out some other accounts online like SoFi Money to see if they would work. SoFi has mobile check deposit, no fees, and a good interest rate. My Review of SoFi Money is here: trshow.info/watch/TpeQftSWz7k/video.html
Queen CocoBella
Queen CocoBella Yıl önce
Hi Kevin Conway!👋This is a very informative video Thanks for sharing too. Just wanted to stop by and show some love to my new family.💙💯
Queen CocoBella
Queen CocoBella Yıl önce
@Kevin Conway You are so welcome and thank you for sharing.💙💕
Kevin Conway
Kevin Conway Yıl önce
Thanks for watching! 👍👍
Soothing Relaxations
Soothing Relaxations Yıl önce
Credit Karma is good I've been using for quite sometime now I have the saving account i tried it and i was able to withdraw my money on top up of that my fund yield interest. I like it so far compare to my traditional bank leaving my money without no interest
Soothing Relaxations
Soothing Relaxations Yıl önce
Absolutely true I agree with you. Thanks for the info
Kevin Conway
Kevin Conway Yıl önce
Awesome. Glad it’s helped. Wayyyy better to get great interest in credit karma savings than to let your money sit earning nothing! 👍
GNMM /Sierra Sena Goodwin
GNMM /Sierra Sena Goodwin 2 yıl önce
Great video!!! Thank you for this extended information.
Kevin Conway
Kevin Conway 2 yıl önce
Thank you! Glad to help. Be sure to check out my other videos for more personal finance stuff if you want 👍
Latasha English
Latasha English 2 yıl önce
This was very detailed Thank you your review is excellent!
Kevin Conway
Kevin Conway 2 yıl önce
Thank you! Glad I could help. Be sure to check out some of my other personal finance videos if you want! 👍😎
Due Season
Due Season 2 yıl önce
They already dropped the APR. They can keep that garbage off my recommendations.
Official Nik The King
Official Nik The King Yıl önce
Daniel David it’s almost zero these days
IG at DavidsGameLounge
IG at DavidsGameLounge Yıl önce
Interest rates fluctuate depending on the federal reserve. In 60 days it could jump back up. The point of the video is that CK savings has a higher interest rates than most places no matter what the federal reserve rates are - plus they’re FDIC insured.
Kevin Conway
Kevin Conway 2 yıl önce
Updated the comment to reflect the change in APR. thanks
Jordan Howmann
Jordan Howmann 2 yıl önce
anyone else see the subliminal message in there?
Tricia O'Neill
Tricia O'Neill 2 yıl önce
It was funny! Subliminal received 🤣
Kevin Conway
Kevin Conway 2 yıl önce
Oh haha yeah I actually did that as a joke. I noticed I said “overall” a lot and thought it would be funny to put a pair of overalls in there. That’s my dumb sense of humor haha
Jordan Howmann
Jordan Howmann 2 yıl önce
in the past movie theaters used to flash popcorn during movies to get people to buy snacks so youtube may be doing the same thing to advertise items. it is illegal as far as i know tho
Jordan Howmann
Jordan Howmann 2 yıl önce
i found this video very informative though so i’m not tripping about it. it was just weird.
Jordan Howmann
Jordan Howmann 2 yıl önce
Kevin Conway on my life saw a pair of what looked like women’s overalls flash about half way through the video. maybe it’s is youtube thing.
Alan Caro
Alan Caro 2 yıl önce
Failed to mention that the maximum withdrawal is $10,000 and the maximum amount of withdrawal per month is limited to $50,000
Rafael Rodriguez
Rafael Rodriguez Yıl önce
Kurly Gurl Liz 10k per transaction, and 50k total a month😂
Kurly Gurl Liz
Kurly Gurl Liz Yıl önce
Rafael Rodriguez no, I read it correctly, you wrote “maximum withdraw is 10,000 and the maximum monthly is 50,000” Im just trying to understand what that means exactly.. is the minimum 10k or 50k?
Alan Caro
Alan Caro Yıl önce
Kurly Gurl Liz Check out Discover bank online savings account that’s the one I opted for
Rafael Rodriguez
Rafael Rodriguez Yıl önce
Kurly Gurl Liz no. Lol reread that again. On Most banks you have a 2000 maximum monthly withdrawal, Ck is 10,000 maximum. Which is better.
Kurly Gurl Liz
Kurly Gurl Liz Yıl önce
Wait do you mean minimum withdraw is $10,000? You said maximum twice, could you explain?
Chris D'Andrea
Chris D'Andrea 2 yıl önce
I just found your channel through this video, Kevin and I am really glad I did! I am looking forward to watching more of your videos brother. I am also very passionate about personal finance. Subscribing to your channel! Cheers 🤠
Kevin Conway
Kevin Conway 2 yıl önce
I really appreciate it, Chris! Best of luck to you as well 👍👍
A.
A. 2 yıl önce
Because of this, I opened a credit karma savings account and subscribed. I have a Barclays savings account at 1.90 which at the time of this comment, matches others, however sometimes I wonder if I should open and transfer to Marcus with Goldman sacs.
Kevin Conway
Kevin Conway 2 yıl önce
That’s great. Thanks for the sub. I think that any of those accounts are going to serve you well. Free and with a high interest rate. Terrific.
julius jones
julius jones 2 yıl önce
CREDIT KARMA SAVINGS
bionic woman
bionic woman 2 yıl önce
I'll stick with cap 360 for savings they have a phone number.
Jo Bowman
Jo Bowman Yıl önce
@Keki Cain You click on the savings account and the withdraw button. Then type in the amount you wish to withdraw. I made a deposit and withdraw just to check it out. I had no issues. Both my deposit and withdraw went through in about 3 days.
Keki Cain
Keki Cain 2 yıl önce
How did you withdraw your money? I’m having the same problem
Keki Cain
Keki Cain 2 yıl önce
How did you withdraw your money? I’m having the same problem
Keki Cain
Keki Cain 2 yıl önce
How did you withdraw your money? I’m having the same problem
Keki Cain
Keki Cain 2 yıl önce
How did you withdraw your money? I’m having the same problem
Mary Augustin
Mary Augustin 2 yıl önce
I did not know that they had a savings account...thank you for the information.
Yasahme Ahmed
Yasahme Ahmed 2 yıl önce
Please do not open an account with CK. It is very difficult to withdraw your money. Call the FDIC and ask if there are any complaints regarding them.
Kevin Conway
Kevin Conway 2 yıl önce
Anytime! :)
Jerry M
Jerry M 2 yıl önce
Kevin your alright !!! I like listening to you!
Kevin Conway
Kevin Conway 2 yıl önce
Hey thanks so much! Means a lot. 👍👍
Buscami Official
Buscami Official 2 yıl önce
It sounds a little too good to be true. There must be a loophole.. how safe is it?
bionic woman
bionic woman 2 yıl önce
@M C there's something to be said when credit karma has your money in a savings account and no customer phone number.
bionic woman
bionic woman 2 yıl önce
They dont have good customer service. No phone number I had issues contacting them.
bionic woman
bionic woman 2 yıl önce
@Yasahme Ahmed they dont have a phone number
Yasahme Ahmed
Yasahme Ahmed 2 yıl önce
You are correct. Please do not open a savings account with CK. It is very difficult to withdraw your money. Call the FDIC and ask if there are any complaints regarding them. I have just filed a complaint against them.
Kevin Conway
Kevin Conway 2 yıl önce
There really is no loophole. It’s a good, solid account. It is an FDIC insured account, which means your FDIC insured deposits are as safe as if they were in Chase Bank 👍 If you are hesitant and want a bank that has been around for a while but had similarly solid interest rate and no fees, I recommend Ally Bank, Marcus by Goldman Sachs, or Discover savings. But I will say, Credit Karma Savings is a good solid account. 💰
Ibrahim Ali
Ibrahim Ali 2 yıl önce
Hey, how are you? Really good content, thanks for sharing! Would you able to make a review of capital one 360 savings? Thanks!
tuan nguyen
tuan nguyen Yıl önce
Ibrahim Ali I have both accounts, but my favorite is capital one. 👌
Kevin Conway
Kevin Conway 2 yıl önce
Thanks so much. Absolutely! Thank you for the idea.
Kevin Conway
Kevin Conway 2 yıl önce
Hey everyone. Credit Karma lowered its interest rate to 1.30%. Thought I would update and let you know! Dividend investing?: trshow.info/watch/H_BUUwoS4oo/video.html
Chris Invests
Chris Invests 2 yıl önce
Interesting...I didn't even know they offered savings accounts
Kevin Conway
Kevin Conway 2 yıl önce
Just launched! Seems like it’s the new rage.
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