PASSIVE INCOME METHOD:
Get a legit savings account that pays out 4.75% [NOOB FRIENDLY}
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Background info: The highest paying banks right now are Goldman Sachs (Marcus dot com) and citibank. Citibank will reward you with a $1000 bonus for installing direct deposit, but Marcus comes with a 1% rate bump for referring customers. If you use a ref link, the APY is 3.75% APY +1.00 per invite = 4.75%. There's another rate bump when you signup with AARP, but it's only 0.1% extra.
no fees,
no min deposit,
no bank/wire transfer fees,
US-based support line (i called them to check)
Even holding just $1000 in a marcus account will earn $47.50/yr.
Invite link (you need this):
https://t.co/6YJ2fUYIOh
FAQs
https://www.marcus.com/us/en/faqs
Yes, it's FDIC insured for 250k:
https://banks.data.fdic.gov/bankfind-suite/bankfind/details/33124
Signing up takes 2 minutes:
https://youtu.be/FvBki-JFDms?t=12
Invite link again (dont forget)
https://t.co/6YJ2fUYIOh
good luck pimps
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UPDATE: the max rate is now 4.90%
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