Update 8/26/25: Rate reduced from 5% to 4.8%
Offer at a glance
- Interest Rate: 5% APY
- Availability: Nationwide
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: $2,000
- Monthly fees: None
- Insured: NCUA
The Offer
- Hustl Financial (online division of Vantage West Credit Union) is offering 5% APY on the money market account
Avoiding Fees
This account has no monthly fees to worry about.
Our Verdict
This is the equal highest basic savings account rate currently. It’s difficult to know how long the rate will be maintained unfortunately.
Their software is utter garbage. I internally transferred about 10k from one Hustl account to another and the debit in the source account is showing as a charge from Chipotle
xx/xx/2025 https://merchantlogos.net/chipotle.com.png CHIPOTLE Food and dining- $x,xxx.xx
Sure… that’s how you explain your burrito addiction to P2…
“I swear, it was just an internal bank transfer!”
Cops busted him for stealing burritos, and now he has a wrap sheet.
He tried Burritos Anonymous, and each meeting ended in a roll call.
Thats one of your best ones 🙂
I dont cook much at home and I really eat at Chipotle almost 5 days a week, and this really freaked me out for a few minutes. At first I thought it was a fraudulent charge but then I realized that I dont even have any sort of debit card for this account. Then I started thinking maybe they mailed me a debit card and it got stolen in the mail somehow. Finally, I switched to the other account and saw a matching amount credit there before I recalled that I had done an internal transfer about 2 weeks ago.
FDIC must now stand for Fully Devoted to Infinite Chipotle.
So that’s what FDIC means … Frequent Diner In Chipotle.
You guys are killing it 🙂
Did it code as Dining ACH transfer 👀
I did an internal transfer and the transaction is shown as Venmo.
Same here. My internal transfer showed as Venmo.
Thoughts on Hustl as sort of a hub bank? Or maybe I don’t actually even need a hub bank, as I usually push and pull from Chase anyway?
HUSTL is a HYSA kind of bank. Low transfer limits, slow speeds… a hub bank shouldn’t have either of those characteristics.
Tried to sign up. Got the wait 1-2 days after verifying my identity. That was about 5 days ago.
That is normal. You need to go over a lot of hustle to open the account. By the time, you have the account, the interest rate may be 4.6% Lol
Yeah I tried to call around 2:30pm pacific time and the system said they were closed. Even though their hours are listed at 8pm eastern.
Figured it might be of interest, but I tried to link an external account, and for some reason it didn’t let me through Trustly. When it failed though, it gave me a sort of microdeposit option instead. So seems like there is an alternative at least. I’ll report back if it works.
i only do the micro deposit method, it should work!
You should always be using trial deposits to begin with. If you’re linking external accounts using a third party service, you’re giving away your banking info for free.
That would be ideal, but a lot of institutions simply don’t support it.
Which FIs have you encountered that don’t allow receiving test deposits? Or do you mean some FIs don’t allow sending test deposits?
Either way, I have been able to send test deposits from Hustl to 5+ accounts so far and haven’t run into any issues.
I meant as in, some institutions don’t support it on their end for linking external accounts, you have to use plaid to link external accounts, but of course with a different account you can push/pull from the account at will. I made a good faith deposit on a house a while back and it seemed like the only way to do it was plaid.
Good to know that Hustl doesn’t seem to have a super low limit for external accounts though.
HUSTL’s ACH Transfer Limits:
Outbound: $10k weekly, $25k monthly (30-day rolling)
Inbound 100k daily, weekly, monthly (30-day rolling)
Their inbound limits are low, and worse, they don’t support wire transfers!
They said I could request a temporary limit increase. So, I asked for a $900K inbound limit and a $900K outbound limit. DENIED. They said they don’t go over $250K. So, I requested $250K inbound limit and a $250K outbound limit. They approved the $250K inbound limit but denied the $250K outbound limit without explanation.
That’s actually on the higher side for inbound compared to most. But no wire transfers does suck.
It only took 1 biz day to link from Fido via microdeposits.
Is hustle a fintech bank like juno
Looks like you can no longer fund with a credit card.
App/website says:
DEBIT Card
Fund With Bank
FWIW I was able to fund it on 8/24 with $2k on a Barclays card.
It’s says debit card, but accept credit cards.
Thank you for that. Unfortunately I had to choose and ended up choosing Bank Account and doesn’t appear you can change it after the fact. Mainly looking to take advantage of the 2K funding with CC.
Try a “debit” card.
Silly question of the day: why open their savings account when the MMF pays a much higher yield?
It’s a credit union that requires a $5 share in a savings account.
Right, but why put more than $5.00 in the savings account when the MMF pays 1.3% higher return?
You don’t.
Well that wasn’t your question lol. You wouldn’t. Why are you asking?
Tough crowd here. 🙂
Right, but why put more than $5.00 in the savings account when the MMF pays 1.3% higher return?
What MMF gives 6% these days?
Out of curiosity, most MMF pay around 4.4% DY, which one you referring that has higher yield?
which other MMFs pay 4.4% that dont cap you at 5k or so
There are many accounts that pay > 4.4% but most of them have annoying requirements. Are you looking for only accounts with no requirements like Hustl?
What is DY?
Does anyone know if you can still fund this account using Amex credit card? Thanks.
Be the DP you want to see
Please let us know if you try
Couldn’t fund with CC.
Now 4.8%
ya wonder if this is going to be one of those that continues to drop after they brought in a bunch of customers. Applied yesterday, but “unable to approve” so emailed them-but also going to call…
Only Hustl knows, my take is that the drop was due to Trump saying he will fire Lisa Cook, also Powell hinted to a rate cut, i’m pretty sure all banks will cut theirs rates if they haven’t done so yet.
Evilex, the best bet is that the HUSTL rate cut was due to being flooded with so much new money since being the rate leader. Two other financial rate leader institutions, OnPath CU and Roger Bank, did the exact same thing not long ago after they were flooded with new money, except their rate drops were more severe.
This has all happened before….
I won’t jump though any hoops to get a good rate, and they are still listed as the top APY option on DoC even at 4.8%. You can expect the rate to move around but so will most other banks. Just keep using them until a better option comes along.
How 4.8%?
When I opened my HUSTL MM on 8/4/25, the account details said “Interest Rate 4.89%”
When I checked on 8/25/25 and 8/26/25, it said 4.70%.
I’m talking about the interest rate, not the APY.
4.7% interest compounded monthly = 4.8% APY.
(.047/12 + 1) ^ 12 = 1.048
When he said, “Now 4.8%,” I thought he was talking about the current interest rate for existing HUSTL MM accounts. But he was talking about the APY for new HUSTL MM accounts.
You calculated the future value of $1 compounded monthly for 12 months at a nominal interest rate of 4.7%.
(1 + .047/12)^12 – 1 ≈ .048
There, now do you recognize the APY formula?
Everyone has a nominal interest rate and an APY of 4.70% and 4.80%, respectively, on their HUSTL MM accounts. Both current and new customers.
Why are you telling me this?
“You calculated the future value of $1 compounded monthly for 12 months at a nominal interest rate of 4.7%.”
Karl calculated the APY using the nominal interest rate. He just didn’t subtract the 1 in the formula, and he didn’t format the parenthetical expression in the standard order.
“How 4.8%?”
“I thought he was talking about the current interest rate for existing HUSTL MM accounts. But he was talking about the APY for new HUSTL MM accounts.”
Tomtoo was talking about the APY, but it applies for both existing and new customers. From your comments, you didn’t appear to be grasping the relation, which is strange for someone so well versed on interest rate terminology. I would have expected you to immediately recognize that the 4.8% he mentioned was related to the 4.70% rate in online banking.
I still don’t know why you’re telling me this, given that you know that I know what he was talking about and that the formula he gave was the future value of $1 compounded monthly for 12 months at a nominal interest rate of 4.7%.
I didn’t know that you know what he was talking about, but I sure did think that you ought to. You never acknowledged that the 4.7% nominal interest rate is related to the 4.8% APY. Karl showed the calculation to try and help you out, but you just responded that they were two unrelated rates and nitpicked his answer instead.
I can nitpick your response too. His formula was not for the future value of $1. His formula was for the future value of the number 1. However, we both know that CLEARLY that wasn’t the intent of the calculation.
You’re not grading a math quiz, and it’s obvious how Karl reached his conclusion. When you insist on correcting people’s technical errors without acknowledging their intent, it can come across like you don’t understand.
I wasn’t correcting or nitpicking. I merely pointed out to Karl, in case he didn’t already know, that he gave to formula for the future value of $1 compounded monthly for 12 months at a nominal interest rate of 4.7%. I wasn’t suggesting that there’s no connection between that future value formula and the APY.
I already have an Excel spreadsheet set up so I can determine what interest rate corresponds to a given APY and compounding period. My spreadsheet computes the future value of $1, subtracts the present value ($1) from the result to compute the gain, divides the gain by $1, then multiplies the result by 100% to get the APY.
So, I hardly need for you to explain to me how to derive APY from the future value formula Karl gave.
What you think I know, or ought to know, or should acknowledge
is irrelevant.
Lol, then why on earth did you waste everyone’s time with your question in the first place. A sane person would have seen that 4.8%, entered their 4.70% interest rate into their spreadsheet, realized they corresponded, and called it a day.
Methinks you just get off on being condescending, but hey, my 2¢ is irrelevant. 🤣
You’re confused. I wasn’t asking “everyone.” My question was addressed to only one person, Tomtoo, who had just posted nothing more than “Now 4.8%.” At the time, I had been thinking about the recent drop in the interest rate on my account to 4.7%. I was focused on interest rate, not APY.
Sanity has nothing to do with it.
Your notions, though many, are not worth a penny, let alone 2 cents.
You’re wasting my time. Be gone.
Sure thing buddy 🤣
I’m not your buddy.
I left subtracting the 1 as an exercise for the reader. 😉
So much angst over APY. I’m glad we don’t tackle any big issues around here.
“You calculated the future value of $1 compounded monthly for 12 months at a nominal interest rate of 4.7%.”
Nope. I didn’t calculate anything and I didn’t mention $1. I just showed you where the 4.8% came from. It’s a universal concept.
You chose to multiply it by $1 but you could have chosen $47.98. Or you could have started with water buffaloes instead of dollars.
At 4.8% APY you get 1.048 x (whatever you started with) per year.
You’re disingenuously omitting the context in which you posted the formula. The context was monthly compounding of interest on the HUSTL money market account to give an APY of 4.80%.
What you actually posted was the following:
4.7% interest compounded monthly = 4.8% APY.
(.047/12 + 1) ^ 12 = 1.048
In the very first sentence of your post, you set the context: “4.7% interest compounded monthly = 4.8% APY.” APY is money concept.
You unwittingly provided a formula that provides the future value of $1 invested for one year at 4.70% compounded monthly.
Multiplying both sides of the formula by PV (present value), we get
PV*(.047/12 + 1) ^ 12 = PV*1.048 = FV, which is the future value of the
amount PV invested for one year at 4.70% compounded monthly.
The ROI on the investment is
(FV – PV)/PV = (PV*1.048 – PV)/PV = PV*(1.048 – 1)/PV = 0.480
The APY = ROI x 100% = 4.80%.
The rate dropped to 4.8% APY according to their website.