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Earn over 5% interest by depositing your home down payment in one of these savings accounts. _________________________ Grab a copy of the Down Payment Savings Account Calculator: https://docs.google.com/spreadsheets/d/1saJq9ttdzuxXiVKuqGku_lpKTnacLrK1VMLJqessVf0/copy **Account 1 - CIT Bank Saving Connect Account — 4.65%** https://www.roadmapmoney.com/go/CITSavingsConnect This account is currently paying out 4.65% and is the one I use. I opened this account when it was the highest paying account last year. In 2023 alone I earned over $400, and am on pace to earn over $1,200 in 2024, even if I don’t make any more deposits. CIT Bank is an online bank owned by First Citizens, the same bank that bailed out Silicon Valley Bank when it collapsed in 2023. It’s FDIC insurance, super safe, and has a stupid simple mobile app. While the rates aren’t the highest on the list, you only need to deposit $100 to open an account and don’t have to jump though any other hoops to earn the high interest rate. **Account 2 - Western Alliance High Yield Savings Premier — 5.36% APY** https://www.roadmapmoney.com/WesternAlliance Western Alliance is an online bank that offers an incredible 5.36% APY on their high yield savings account. This account is offered with a $500 minimum deposit, no account fees, and FDIC insurance. This is a basic account with no special features, but it pays out an eye-blistering 5.36% APY which tops our list. If you want a simple account that puts your Emergency Fund to work - this is it. **Account 3 - Quontic Money Market 5.00% APY** https://www.roadmapmoney.com/quonticMM Qountic is a digital bank that offers a money market account that is currently paying 5.00% APY. It’s only $100 to open an account, there’s no fees, and you can sign up in less than 5 minutes. Plus the mobile app is simple to use and highly rated. This money market account lets you write checks directly from the account, and even comes wiht a debit card. This comes in handy when you need to make the actual down payment, you don’t have to transfer the money to your checking account. And Qountic supports Zelle, Apple Pay, Google Pay, and Samsung Pay. This makes it much easier to move money in and out of your account compared to other high yield savings accounts. **Account 4 - UFB Direct Secure Savings — 5.25% APY** https://www.ufbdirect.com/Savings/high-yield-savings-account UFB Direct is offering the highest rate on this list, at 5.25%. And while this is enticing, I’ve been following UFB Direct for a while and noticed they seem all over the place with their requirements. In the past, to earn the highest rate, you’d need a huge deposit (like $10k or more), and I also recently read reviews that UFB Direct creates new types of accounts that pay higher without informing existing customer. So while I’m including them on this list due to the high rate and no minimum deposit requirement, you’d need to keep an eye on your account to ensure you’re always getting the best rate. **Account 5 - Wealthfront Cash Account — 5.00% APY** https://www.wealthfront.com/cash Wealthfront is a cool robo-advisor that helps people automatically invest money for the fraction of the cost of a financial advisor — but they also have a high-yield Cash account that’s currently paying 5.00% APY. This is a solid account and there are no minimums required, and you don’t need to be a Wealthfront robo-advisor customer. Wealthfront will probably advertise at you to join their platform because that’s how they make money, and honestly it’s a decent program for beginner investors that aren’t comfortable managing their own investments. But if you don’t want to join and don’t mind the ads, you can earn a cool 5% APY by just using their cash account.
Earn over 5% interest by simply stashing your emergency fund in one of these savings accounts. ________________ Grab a copy of the Emergency Fund Savings Account Calculator: https://docs.google.com/spreadsheets/d/1izkLZMqD-Bp2chHRvI2hx1L31zklSFHJxjzCy5uMr3U/copy **Account 1 - CIT Bank Saving Connect Account — 4.65%** https://www.roadmapmoney.com/go/CITSavingsConnect This account is currently paying out 4.65% and is the one I use. I opened this account when it was the highest paying account last year. In 2023 alone I earned over $400, and am on pace to earn over $1,200 in 2024, even if I don’t make any more deposits. CIT Bank is an online bank owned by First Citizens, the same bank that bailed out Silicon Valley Bank when it collapsed in 2023. It’s FDIC insurance, super safe, and has a stupid simple mobile app. While the rates aren’t the highest on the list, you only need to deposit $100 to open an account and don’t have to jump though any other hoops to earn the high interest rate. **Account 2 - Western Alliance High Yield Savings Premier — 5.36% APY** https://www.roadmapmoney.com/WesternAlliance Western Alliance is an online bank that offers an incredible 5.36% APY on their high yield savings account. This account is offered with a $500 minimum deposit, no account fees, and FDIC insurance. This is a basic account with no special features, but it pays out an eye-blistering 5.36% APY which tops our list. If you want a simple account that puts your Emergency Fund to work - this is it. **Account 3 - UFB Direct Secure Savings — 5.25% APY** https://www.ufbdirect.com/Savings/high-yield-savings-account UFB Direct is offering a 5.25% interest rate on all deposits. It's a simple savings accounts to grow your emergency fund with no major requirements. In the past, to earn the highest rate, you’d need a huge deposit (like $10k or more), but they've waived that requirement for the time being. **Account 4 & 5 - Quontic HYSA & Money Market — 4.50% & 5.00% APY** https://www.roadmapmoney.com/quontic https://www.roadmapmoney.com/quonticMM Qountic is a digital bank that offers high yield savings accounts and money market accounts that pay over 4% APY. Their high-yield savings account is currently offering 4.50% APY and only take $100 to open an account. The money market account pays 5.00% APY and also only have a $100 minimum deposit There’s no fees, and you can sign up in less than 5 minutes. Plus the mobile app is simple to use and highly rated. One unique feature is Qountic supports Zelle, Apple Pay, Google Pay, and Samsung Pay. This makes it much easier to move money in and out of your account compared to other high yield savings accounts. **Account 6 - Marcus Savings — 4.50% APY** https://www.marcus.com/us/en Marcus is a solid savings account from Goldman Sachs that always offers a competitive interest rate. Right now Marcus accounts are paying 4.50%, which provides a decent return on investment. There is a weird caveat that Marcus has — a MAXIMUM balance limit to earn the top interest rate. You can only deposit up to $3 million and earn 4.50%. Sorry Warren Buffett….you’ll have to find another account.
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Hi. I’m Jacob.

Hey! Welcome to Roadmap Money. I’m Jacob Wade, and I’m here to show you how to build a life you love with the money you already have. I help working professionals put their money to work, building wealth faster than they ever thought possible by following the roadmap to financial freedom. Oh, and a simple budget that works.

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I started Roadmap Money to help someone just like you. Overworked. Overstressed. And looking for a way to save more, invest more, and enjoy your money more without waiting until retirement.

I’m also a nationally-recognized personal finance expert and writer for sites like The Balance and Investing Answers. I’ve been a featured expert on CBS News, MSN Money, Forbes, Nasdaq, Yahoo! Finance, Go Banking Rates, and AOL Finance.

In 2018, I quit my job and our family decided to sell everything (including our home) to take off on an adventure. We traveled the country in an RV for nearly 3 years, visiting over 38 states, 20+ national parks and eventually settling in the Gulf Coast of Florida.

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