Yield Alarm scours Raisin (formerly SaveBetter)'s network of banks and credit unions, and notifies you when higher interest rates become available. Then simply login to Raisin and move your funds to the higher-APY account.

Titan Smart Treasury automatically moves your money to higher-yield options for you, so you don't need to manage it. However, they charge an advisory fee and a membership fee which makes their service much more expensive than Yield Alarm in almost all cases.

You can easily cancel any time by logging in and clicking cancel. You don't need to contact us, although you're welcome to if you'd like help. Your subscription will continue through the end of the prepaid billing period.

APR is your account's Annual Percentage Rate, but it doesn't take into account more frequent (i.e., daily or monthly) compounding. APY (Annual Percentage Yield) takes compounding into account to show you the real rate of return you'll earn on an investment. APY gives you an accurate measure of how much your money will grow in 1 year. Since different accounts can compound at different rates, Yield Alarm compares them based on APY and not APR.

If Yield Alarm doesn't meet your expectations within 30 days of being charged (when the 60-day trial ends), email support@yieldalarm.com for a refund. Refunds are processed manually and may take 7–10 business days to reflect in your account.

The biggest hassle in chasing high yield savings accounts is the annoying process of opening accounts at new institutions. Raisin makes that easy by letting you open an account at a new institution in just a few clicks. Nobody else offers that.

Whenever the top APY changes, you should consider moving your funds to the higher-APY account. As a simple example, imagine you opened a 5% APY savings account with $10,000 and deposit no additional funds. After one month, your bank sneakily drops the rate to 4.5% while another offers 5.25%. If you don't move your funds, at the one-year mark, you'll end up with ~$10,454. If you move your funds to the new bank, you'll have ~$10,523, an increase of about $69. This difference affects the amount that compounds over many years and is even greater if you're contributing additional savings to the account.

You can transfer funds directly between accounts within Raisin using the new Cash Account feature, making it faster and easier to manage your savings. Most transfers complete by the next business day.

Yield Alarm is more valuable if you have more cash saved and if higher-APY options are identified that you wouldn't have noticed on your own. You should sign up for it if you don't check your APY regularly and you have a significant amount of cash. You should not sign up if you have a small enough amount of cash that interest rate fluctuation is unlikely to exceed the subscription cost.

You can email support@yieldalarm.com with any additional questions.