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Old 05-11-2018, 03:55 PM   #21
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Old 05-11-2018, 04:10 PM   #22
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An Ally Financial 12 month note is yielding 3.8% or 4.4% for a 24 month note.
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Old 05-11-2018, 04:22 PM   #23
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Old 05-11-2018, 05:35 PM   #24
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An Ally Financial 12 month note is yielding 3.8% or 4.4% for a 24 month note.
This is fantastic, except I don't know what you are referencing. When i go to Ally the highest CD rate I see is for over $25k & 5 years, 2.6%. What are these notes of which you speak?
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Old 05-11-2018, 06:12 PM   #25
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This is fantastic, except I don't know what you are referencing. When i go to Ally the highest CD rate I see is for over $25k & 5 years, 2.6%. What are these notes of which you speak?

He's speaking of corporate debt of Ally.

It is in no way comparable to a CD.
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Old 05-11-2018, 06:16 PM   #26
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Ally upped their 1 year CD to 2.25%.
They remain competitive in the 9 month and 1 year CD space. Not longer dated CD maturities.
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Old 05-11-2018, 07:17 PM   #27
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I signed up for Cit bank (1.75%) and heritage bank checking (3.33%) last night. Thinking we can keep up to 25k in heritage and any overages I to cit. I'm hoping we can come up with a process to make 10 debit purchases per month for heritage rate so we don't have to think too much and still use our cc. rewards for most purchases.
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Old 05-11-2018, 10:57 PM   #28
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Those 10 debit purchases a month are a killer requirement. No way I can reliably swing that and I’m not willing to have such things interfere with my lifestyle.
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Old 05-12-2018, 06:09 AM   #29
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An Ally Financial 12 month note is yielding 3.8% or 4.4% for a 24 month note.
I think these are unsecured as opposed to CDs.
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Old 05-12-2018, 10:59 AM   #30
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Old 05-12-2018, 12:11 PM   #31
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Glad that I moved all of my Ally funds to PMMF (1.83% yield). Ally is taking too long to respond to market conditions and competitive rate increases.
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Old 05-12-2018, 12:14 PM   #32
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Glad that I moved all of my Ally funds to PMMF (1.83% yield). Ally is taking too long to respond to market conditions and competitive rate increases.
Curious, what's PMMF?
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Old 05-12-2018, 12:16 PM   #33
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Curious, what's PMMF?
Vanguards Prime MM Fund.
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Old 05-12-2018, 12:17 PM   #34
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Vanguards Prime MM Fund.
Thanks.
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Old 05-12-2018, 12:19 PM   #35
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PMMf is actually 1.8x% as of Today. Not Bad at All.
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Old 05-12-2018, 01:09 PM   #36
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I signed up for Cit bank (1.75%) and heritage bank checking (3.33%) last night. Thinking we can keep up to 25k in heritage and any overages I to cit. I'm hoping we can come up with a process to make 10 debit purchases per month for heritage rate so we don't have to think too much and still use our cc. rewards for most purchases.
1. Break gasoline purchases into $10 pit stops instead of one large fill up.
2. Use your debit card at Starbucks, fast food, etc.
3. Break your small grocery purchase into 2-3 purchases using the self checkout option.
4. Buying a soda at the gas station? Use the card. (you may have a min. amount the bank demands-ours just raised to $5.
5. See if a charity you supports takes debit cards. Give $10 a month instead of writing a check in Dec.

Most of these ideas I found on Doctor of Credit www.doctorofcredit.com.

You have to focus on using the card-once you get in the habit, it is easier. We have to hit 16 a month, and it is doable when we make a game of it-and have 2 people using the card. If the interest rate is really, really good on the savings, it is worth it. I would never do it just to keep a brick and mortar bank happy, and my monthly fee at zero....
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Old 06-09-2018, 05:08 PM   #37
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I just converted one of my ally 1.75% no penalty CD's into a 2.25% 12 month CD.

It was easy as pie, all online, and since I cashed out the 1.75% CD to my Ally savings account, the money was there immediately to buy the 2.25% CD (which has a 60 day penalty if cashed early).
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Old 06-11-2018, 09:09 PM   #38
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Old 06-15-2018, 08:05 AM   #39
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I just converted one of my ally 1.75% no penalty CD's into a 2.25% 12 month CD.

It was easy as pie, all online, and since I cashed out the 1.75% CD to my Ally savings account, the money was there immediately to buy the 2.25% CD (which has a 60 day penalty if cashed early).
12 month CD is 2.30% today. Recent rate hikes, still may go higher soon.
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Old 06-15-2018, 08:43 AM   #40
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Just bought a 9 month CD at Schwab for 2.2%.
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