I got a Bank of America account when I was 15 and haven't really thought to switch my bank since, but my new job has me reviewing all my finances to see where i can squeeze out some savings. Apparently some banks are doing upwards of 4% APR on savings now???? Discover is 4.25%, SoFi is 4.50% if you set up direct deposit to either a checking or saving.
Also, since the Fed got rid of Regulation D's savings transactions limit for covid, some banks (including Discover and SoFi) got rid of it too, so you can basically use your savings as a checking account and get mad interest.
what a world
Back when I had free time, I would take advantage of online banks doing "deals" to open a new savings account. I would move the money limit to the account, throw $50/month for a few months, then put it back to my regular savings account afterwards. I probably made like 100 dollars max but was still fun. I don't have anywhere near the kind of money that 4% is a deal for though
Call you a milkmaid the way you were churning
Switch offers are great, depending where you live. I've made closer to a k doing it over the years.