Banks will raise your rates IF you ask!

16 Mar 2026 · 1 min

Watch on YouTube

1:03

In this short personal‑finance video, Dan Novaes explains how consumers can secure higher interest rates on their deposit accounts by negotiating directly with their local bank or by moving funds to online banks that actively seek deposits. He advises citing competitor rates (e.g., 4‑5%) when speaking to a bank manager and notes that the likelihood of receiving a special rate increases with larger balances—typically $10,000 and above, with stronger leverage at $25k, $50k, $100k+. He recommends visiting a branch to make the request, but also offers a simpler alternative: signing up with an online bank, transferring money via ACH or wire, and instantly earning the higher yield. Novaes emphasizes that the money remains liquid and FDIC‑insured up to $250,000, framing the strategy as a “hands‑off” income hack. The video ends with a call‑to‑action to follow for more free financial hacks.

Chapters

You might need to go and negotiate with your local bank. What I've always done is I've pointed to other banks that are their competitors or online and say, hey, this bank is willing to pay me 4 or 5% based on me depositing money there. If you don't give me this rate or be able to match it, I am going to move my money. Now, this really depends on how much money you have in your account. If you only have $1,000 in your account, the bank manager is very unlikely to move and create that rate for you. However, if you have bigger amounts, $10,000, $25,000, $50,000, $100,000 plus, they are going to be much more likely to give you a special rate. You will need to go into the branch to make this happen. Now, the other option is if you don't want to negotiate with anyone, is just take advantage of one of these banks that want your money and are willing to give you a higher rate. You can just sign up online, transfer the money through a wire or an ACH, and then boom, you are getting that higher rate. This is one of the easiest ways to create income without having to do a single thing, and your money is absolutely safe. Absolutely liquid and insured up to $250,000. Sick of wasting all this money? Follow us and get all of our hacks for free.