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06-29-2018, 09:54 AM
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#101
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Recycles dryer sheets
Join Date: Nov 2017
Location: Seattle
Posts: 452
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 Quote:
Originally Posted by audreyh1
I noticed today that Ally is offering 2% rate on 3 month CDs thru Fidelity. Quite a bit higher than their 1.5% offered online, which is also lower than their high yield savings rate.
Two other new issue offers listed for 3 month CDs at 2.05%
Very short term rates seem to have stepped up since last week? Didn’t see offers higher than 2.35% for 12 month new issue CD last week, now see several for 2.45%.
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I bought some 2% 3 month. 3 months is a good time frame for those waiting for higher rates. Next Fed meeting where they may raise rates is in September.
Fingers crossed!
__________________
Retired 2015 at age 55...50/45/5 AA
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06-29-2018, 10:13 AM
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#102
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,791
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Looks like Ally's savings accounts went from 1.65% to 1.75% today. Might have to retitle this thread again soon.
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06-29-2018, 10:37 AM
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#103
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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Looks like the anticipated yields at next week's Treasury auction are 1.80 for one month, 1.93 for three months, and 2.11 for six months. These are not subject to state income tax.
If you are not subject to the blue sky rules, you can get 1.90 for one month, 2.10 for three months, and 2.25 for six months, but there is a delay in the purchase date.
ETA: The Ally three month CD's were sold out, but I picked up some from another bank for three months at the same 2.00 percent.
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06-29-2018, 11:25 AM
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#104
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 881
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Rather than "chase" savings rates. I'm putting liquid $ in Vanguard Prime Money Market fund. Yield around 2% now.
Granted not FDIC. But with rising rates. MM tends to follow. Much simpler.
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06-29-2018, 01:07 PM
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#105
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by GalaxyBoy
Looks like Ally's savings accounts went from 1.65% to 1.75% today. Might have to retitle this thread again soon.
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Well OK!, that’s better! Second hike in a month, I believe.
__________________
Retired since summer 1999.
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06-29-2018, 02:16 PM
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#106
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,644
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Ally's newest rates also features the return of their No Penalty withdrawal, 11 Month CD, now at 1.85 for 25K+
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06-29-2018, 02:41 PM
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#107
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,730
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Quote:
Originally Posted by nwsteve
Ally's newest rates also features the return of their No Penalty withdrawal, 11 Month CD, now at 1.85 for 25K+
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With the new savings rate of 1.75% it's hardly worth putting it in the 11 month CD unless you put in a huge amount.
__________________
*********Go Yankees!*********
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06-29-2018, 02:42 PM
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#108
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by nwsteve
Ally's newest rates also features the return of their No Penalty withdrawal, 11 Month CD, now at 1.85 for 25K+
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That’s better too - still needs to go up.
The 11 month CD has had a special, in the past, of gaving a nice jump in late Nov or Dec.
__________________
Retired since summer 1999.
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06-29-2018, 02:43 PM
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#109
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by aja8888
With the new savings rate of 1.75% it's hardly worth putting it in the 11 month CD unless you put in a huge amount.
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It’s very little effort.
__________________
Retired since summer 1999.
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06-29-2018, 02:47 PM
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#110
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,730
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Quote:
Originally Posted by audreyh1
It’s very little effort.
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Yes, on $25K the interest difference (1.85% - 1.75%) would be $25 before taxes, or around $20.
__________________
*********Go Yankees!*********
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06-29-2018, 02:50 PM
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#111
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Quote:
Originally Posted by wolf
Rather than "chase" savings rates. I'm putting liquid $ in Vanguard Prime Money Market fund. Yield around 2% now.
Granted not FDIC. But with rising rates. MM tends to follow. Much simpler.
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I'm doing the same.
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06-29-2018, 02:54 PM
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#112
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Full time employment: Posting here.
Join Date: Jul 2013
Posts: 792
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Quote:
Originally Posted by wolf
Rather than "chase" savings rates. I'm putting liquid $ in Vanguard Prime Money Market fund. Yield around 2% now.
Granted not FDIC. But with rising rates. MM tends to follow. Much simpler.
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+1. Except for the 2% one-year CD I got at Ally back in April. But basically all other cash is now in VMMXX.
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07-03-2018, 05:05 PM
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#113
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Dryer sheet wannabe
Join Date: Nov 2017
Location: Austin
Posts: 12
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I've placed some $$ with CIT Bank. Their current MM rate is 1.85% and it's FDIC. They are also offering a 1 year CD at 2.5%. Setting up the MM was easy and they were very helpful on the phone when I needed to ask questions.
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07-03-2018, 05:16 PM
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#114
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Moderator
Join Date: Sep 2006
Posts: 4,065
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Quote:
Originally Posted by BladeS.
I've placed some $$ with CIT Bank. Their current MM rate is 1.85% and it's FDIC. They are also offering a 1 year CD at 2.5%. Setting up the MM was easy and they were very helpful on the phone when I needed to ask questions.
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+1
__________________
simple girl
less stuff, more time
(55, married; Mr. Simple Girl, 59. FIRED 12/31/19!)
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07-03-2018, 05:23 PM
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#115
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Dryer sheet aficionado
Join Date: Feb 2012
Location: Newark
Posts: 47
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Those are not bad rates. I get mine through Vanguard where they have all the rates per banks so I choose the highest
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07-07-2018, 07:11 AM
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#116
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Andrews FCU just introduced a 2.75% 9 month CD special. Limited to one CD per customer.
https://www.andrewsfcu.org/whats-new...ls.html#goto_1
__________________
Retired since summer 1999.
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07-08-2018, 08:05 AM
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#117
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 297
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Quote:
Originally Posted by audreyh1
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Wow! This is highest short term CD rate I've seen. Thanks !!
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07-08-2018, 12:53 PM
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#118
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Moderator
Join Date: Sep 2006
Posts: 4,065
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Quote:
Originally Posted by audreyh1
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Yes, thank you!
__________________
simple girl
less stuff, more time
(55, married; Mr. Simple Girl, 59. FIRED 12/31/19!)
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07-08-2018, 02:54 PM
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#119
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Muchas gracias.
Btw, if you want to join the credit union and don't qualify, join the American Consumer Council for free and use the promo code Andrews.
__________________
I look to the present moment because that's where I live my life.
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07-08-2018, 05:46 PM
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#120
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 397
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In July 2016 I joined Andrews to take advantage of a 3% CD special they had for my Roth IRA. Anyone joining, prepare for delays and several phone calls and time on hold to get your membership and CD started. Not an easy join. In person may be different. Otherwise, they have done fine, but I have had no other dealings with them but check account every 3 months.
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