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I keep a Vacation / travel savings account going always. Separate Ally HYSA savings. It's used for quick weekend trips, and longer vacations. I tend to keep about half of my annual average travel money there, and top it off with extra, bonus, unexpected money throughout the year.
Amex HYSA customer after Discover did some “dirty shit” when I tried to leave from them. No complaints. But the service becomes infinitely better once you have AMEX credit cards. You can then link your HYSA to your Amex cards which you can check via the AMEX app.
Yes! I actually have three savings accounts: Travel, Emergency, and Long-Term (long term is with Ally, and everything is broken into buckets, which I find super helpful and highly recommend). I save between $100-$150 per paycheck for Travel.
If you want the best rates, look here: https://www.doctorofcredit.com/high-interest-savings-to-get/. Ally and Marcus are good high yield savings accounts for Gen-Z. Keep in mind, you should have a primary bank or credit union for banking services.
You get travel insurance, access to airport lounges + 4 complimentary passes to bring others annually, and Roadside Assistance membership. If you're an avid traveller then this is definitely the best BMO card for you.
I have been thinking about moving my primary checking account from TD to Amex Checking. So looking for people's reviews about their experiences.
I recently learned amount Amex’s savings account program and how they offer .4% APY on accounts. I wanted to know other people’s experiences with this program and if they recommend it. The 2% was nice before covid, still use it for my emergency fund, even though it's .4%. no issues thus far.
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