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Old 10-07-2018, 07:33 PM   #341
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Who is Uncle Jerry? Is his last name Brown?
Yep.
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Old 10-09-2018, 07:57 AM   #342
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I received a solicitation from Capitol One today for a MM that pays 1.85% interest on amounts over $10,000 plus a $500 bonus on any new account of $50,000 or more. The balance must remain over $50,000 for 60 days. The money must come from another institution. One cannot have had an open MM account at CapOne since 12/31/16. They had an similar offer back in 2015 which we took advantage of, although I think you had to keep the funds above $50,000 for 90 days that time.

The timing is right for us on this offer, as we have a CD coming due tomorrow, that I was going to put into Ally 11 mo no penalty CD's waiting for rates to rise further. If I've done my math correctly on this offer, our return for the 60 days would be 7.91%. Not bad while waiting till the end of the year.
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Old 10-09-2018, 08:21 AM   #343
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Originally Posted by Golden sunsets View Post
I received a solicitation from Capitol One today for a MM that pays 1.85% interest on amounts over $10,000 plus a $500 bonus on any new account of $50,000 or more. The balance must remain over $50,000 for 60 days. The money must come from another institution. One cannot have had an open MM account at CapOne since 12/31/16. They had an similar offer back in 2015 which we took advantage of, although I think you had to keep the funds above $50,000 for 90 days that time.
I've mentioned these bonus offers numerous times as you can earn significantly more faster by churning some money between them.
Recommendations on where to park $10K

The Capital One offers are available to everyone:
https://www.capitalone.com/savings500/
https://www.capitalone.com/offer200/
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Old 10-09-2018, 08:46 AM   #344
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I've mentioned these bonus offers numerous times as you can earn significantly more faster by churning some money between them.
Recommendations on where to park $10K

The Capital One offers are available to everyone:
https://www.capitalone.com/savings500/
https://www.capitalone.com/offer200/
As I mentioned we did this back in 2015. I just got off the phone with Cap One and there is no need to leave the $50,000 in for 60 days. Unlike the 2015 offer, as long as it was funded within the time limit, you can withdraw some of the money. This seems crazy to me. I think I'll still leave the money in for the 60 days, just in case, or unless a good offer for a CD comes along. The offer by the way on this solicitation is Offer 500, not one you mentioned above.
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Old 10-09-2018, 09:38 AM   #345
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Originally Posted by Golden sunsets View Post
I received a solicitation from Capitol One today for a MM that pays 1.85% interest on amounts over $10,000 plus a $500 bonus on any new account of $50,000 or more. The balance must remain over $50,000 for 60 days. The money must come from another institution. One cannot have had an open MM account at CapOne since 12/31/16. They had an similar offer back in 2015 which we took advantage of, although I think you had to keep the funds above $50,000 for 90 days that time.

The timing is right for us on this offer, as we have a CD coming due tomorrow, that I was going to put into Ally 11 mo no penalty CD's waiting for rates to rise further. If I've done my math correctly on this offer, our return for the 60 days would be 7.91%. Not bad while waiting till the end of the year.
And you can even turn around and still buy the Ally no penalty CD after 60 days, assuming there is no better offer then. Ally might have raised their rates a bit by then too. End of year seems to bring generous CD “specials”.
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Old 10-09-2018, 10:08 AM   #346
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I've mentioned these bonus offers numerous times as you can earn significantly more faster by churning some money between them.
Recommendations on where to park $10K

The Capital One offers are available to everyone:
https://www.capitalone.com/savings500/
https://www.capitalone.com/offer200/
Thanks for the ends up.
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Old 10-09-2018, 01:22 PM   #347
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Also an option, once I get the $1,000 bonus for opening 2 accounts.
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Old 10-09-2018, 01:32 PM   #348
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Mountain America Credit Union Boosts 3-Year CD, 3.35% APY
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Old 10-09-2018, 01:42 PM   #349
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Originally Posted by Golden sunsets View Post
I received a solicitation from Capitol One today for a MM that pays 1.85% interest on amounts over $10,000 plus a $500 bonus on any new account of $50,000 or more. The balance must remain over $50,000 for 60 days. The money must come from another institution. One cannot have had an open MM account at CapOne since 12/31/16. They had an similar offer back in 2015 which we took advantage of, although I think you had to keep the funds above $50,000 for 90 days that time.

The timing is right for us on this offer, as we have a CD coming due tomorrow, that I was going to put into Ally 11 mo no penalty CD's waiting for rates to rise further. If I've done my math correctly on this offer, our return for the 60 days would be 7.91%. Not bad while waiting till the end of the year.
I got that same offer. They call it a Money Market account but offer no debit card or check use. I guess the only way to withdraw funds is through a transfer or just going into a branch.
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Old 10-09-2018, 01:44 PM   #350
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I got that same offer. They call it a Money Market account but offer no debit card or check use. I guess the only way to withdraw funds is through a transfer or just going into a branch.
Right. That works for me.
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Old 10-10-2018, 03:48 AM   #351
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Ding, ding, ding, ding...JPM is posting a new issue 2 year CD maturing 10/19/2020 at Fidelity for 3.0% this morning. It is callable, however, the extremely high probability is with interest rates scheduled to continue going higher in the near term, they won't be called.
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Old 10-10-2018, 09:55 PM   #352
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If it is called, would you get the interest due up to the date called? Any other negative impact? Could I find this at Vanguard or Merrill Edge?

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Old 10-10-2018, 10:16 PM   #353
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Originally Posted by njhowie View Post
Ding, ding, ding, ding...JPM is posting a new issue 2 year CD maturing 10/19/2020 at Fidelity for 3.0% this morning. It is callable, however, the extremely high probability is with interest rates scheduled to continue going higher in the near term, they won't be called.
How about that!

Soon there will be noncallable CDs offered at that rate/duration.
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Old 10-11-2018, 05:15 AM   #354
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Ally now at 1.90%
I believe there are brokered 2 yr non callable CD's at Fidelity for Wells Fargo now at 3%.
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Old 10-12-2018, 06:26 PM   #355
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That's pretty good then, their default it VMFXX which is yielding 1.88% and where my idle money is sitting...so may be worth it to buy VMMXX.
The after-tax 1-year return is showing a 0.10% difference between the two, but 5 and 10-year differences are only 0.06%.
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Old 10-12-2018, 06:40 PM   #356
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Ally now at 1.90%
I believe there are brokered 2 yr non callable CD's at Fidelity for Wells Fargo now at 3%.
My guess is the rates will be higher at the end of the year than they are now. I'm pretty sure these rates aren't going to drop. Therefore I'm going to buy some four week treasuries and wait.
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Old 10-12-2018, 06:54 PM   #357
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Bh has a thread that Vanguard short term bonds fund is now paying 3%. Why are we bothering with CDs. I have one coming due in March that’s paying less than 3%. No more CDs for me then. At least this CD is only 1 year.
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Old 10-12-2018, 07:12 PM   #358
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Bh has a thread that Vanguard short term bonds fund is now paying 3%. Why are we bothering with CDs. I have one coming due in March that’s paying less than 3%. No more CDs for me then. At least this CD is only 1 year.
Short-term bond funds aren't equivalent to CDs or money-market funds.
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Old 10-12-2018, 07:17 PM   #359
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Short-term bond funds aren't equivalent to CDs or money-market funds.
Mine is brokered CDs, which is like bonds in my portfolio.
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Old 10-12-2018, 07:19 PM   #360
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Mine is brokered CDs, which is like bonds in my portfolio.
Unless it's a short-term treasury fund, a short-term bond fund will have credit risk as well as interest rate risk. They (usually) pay a higher interest rate to compensate the investor.
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