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Old 11-15-2018, 07:24 AM   #561
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Pathways Financial Credit Union (OH) Adds 40-Month CD (4.00% APY)

Seems limited to Ohio.
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Old 11-15-2018, 08:41 AM   #562
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Originally Posted by ShokWaveRider View Post
Pathways Financial Credit Union (OH) Adds 40-Month CD (4.00% APY)

Seems limited to Ohio.
The good news is that now we have a couple at 4%.

On the money market/savings front, there are now two @ 2.35%
MySavingsDirect: https://www.depositaccounts.com/bank...direct/offers/

and PNC Bank: https://www.depositaccounts.com/bank...iation/offers/

Hopefully some of the other rate leaders will follow, so I don't have to yet again be a dirty rate chaser.

ETA: Being the rate chaser I am, I closed my Ally 11-month no penalty CD @ 2.10% and opened another one at 2.20%. By doing so, I extended my maturity date 15 days. (Unfortunately, I missed the automatic increase in rate that Ally would do had it been 10 days or less, so I had to do this.) According to my handy-dandy spreadsheet, my annualized income from CD's/Savings increased by $61.84.
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Old 11-15-2018, 11:14 AM   #563
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For regular savings, American Express Bank increased the interest rate to 2% APY. Effective today.
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Old 11-15-2018, 11:38 AM   #564
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Ally now has a 12 mon cd at 2.65%
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Old 11-15-2018, 12:18 PM   #565
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VMMXX is now up to 2.26% APY.... has been gradually creeping up for a bit now. 10/31/2018 distribution yield was 2.19% and that is simple interest so compounded would be 2.26%... not bad for 100% liquidity.
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Old 11-15-2018, 12:27 PM   #566
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VMMXX is now up to 2.26% APY.... has been gradually creeping up for a bit now. 10/31/2018 distribution yield was 2.19% and that is simple interest so compounded would be 2.26%... not bad for 100% liquidity.
FZDXX is at 2.17% and will always trail VMMXX coz of the fees I suppose.
Nevertheless it is nice to see that the rates don't drop down for the most part, when there are short term dips in interest rate yields.
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Old 11-15-2018, 12:50 PM   #567
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FZDXX is at 2.17% and will always trail VMMXX coz of the fees I suppose.
Nevertheless it is nice to see that the rates don't drop down for the most part, when there are short term dips in interest rate yields.
Interesting... difference in 7-day yield is 13 bps (2.24 v 2.11) and difference in ER is 14 bps (.16 v .30)... so you're right, the difference is due to expenses.

Looks like Fidelity is waiving 7 bps on the expense ratio... reducing it from .37 to . 30.
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Old 11-15-2018, 02:59 PM   #568
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For regular savings, American Express Bank increased the interest rate to 2% APY. Effective today.
OK - thatís better. Itís the one I use most heavily.
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Old 11-15-2018, 03:12 PM   #569
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OK - thatís better. Itís the one I use most heavily.
Ally Bank lagging a little as usual.
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Old 11-15-2018, 03:16 PM   #570
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Ally Bank lagging a little as usual.
Except they have the terrific 11month no penalty CD that is almost as liquid. At 2.2% now. Funds at Allly I tend to park in the 11 month CDs.
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Old 11-15-2018, 03:17 PM   #571
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Except they have the terrific 11month no penalty CD that is almost as liquid.
True. On my holiday shopping list.
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Old 11-16-2018, 06:25 AM   #572
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Ally Bank lagging a little as usual.
Ally Savings now 2.0%
Capital One 360 MM 2.0% ($10,000+)
Goldman/Marcus 2.05%
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Old 11-16-2018, 06:33 AM   #573
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On the money market/savings front, there are now two @ 2.35%
MySavingsDirect: https://www.depositaccounts.com/bank...direct/offers/

Be cautious with MySavingsDirect - it's one of a few portals from Emigrant Bank (e.g. DollarSavingsDirect.com, EmigrantDirect.com). Each of these has offered teaser rates in the past, maintained market-based rate increases for a period of time, then either stopped raising the rate, or abruptly lowered it back down. They also have some hidden drawbacks when it comes to moving money in/out - read up on the reviews before signing up/committing.

Not withstanding, we had DollarSavingsDirect for about a year through early this year (when the rate topped out at 1.8%) and overall were satisfied. However, if you work with one of the more well-known banks that does increase rates along with the market, my guess is that in the long run you'll end out better off.
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Old 11-16-2018, 07:11 AM   #574
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Be cautious with MySavingsDirect - it's one of a few portals from Emigrant Bank (e.g. DollarSavingsDirect.com, EmigrantDirect.com). Each of these has offered teaser rates in the past, maintained market-based rate increases for a period of time, then either stopped raising the rate, or abruptly lowered it back down. They also have some hidden drawbacks when it comes to moving money in/out - read up on the reviews before signing up/committing.

Not withstanding, we had DollarSavingsDirect for about a year through early this year (when the rate topped out at 1.8%) and overall were satisfied. However, if you work with one of the more well-known banks that does increase rates along with the market, my guess is that in the long run you'll end out better off.
That what seems to happen. Also CIT apparently keeps changing the type of account to get higher rates forcing folks to frequently open new accounts and transfer funds over to get the new higher rate.
Quote:
CIT Bank’s Fifth Savings Account

The Savings Builder Account is the now CIT Bank’s fifth liquid account in its product line. Two of its first savings accounts, High Yield Savings and Spring Savings, are not available for new personal accounts. Last year CIT Bank introduced two new savings accounts. First, in May 2017 it debuted the Springs Savings Account. Then came the Premier High Yield Savings Account in July 2017. In March 2018, CIT Bank introduced a Money Market with no check writing. Each new account offered a higher rate than the existing account. Customers who had the old savings accounts were free to open the new ones, but if they didn’t, they kept earning the lower rates on the old savings accounts. To CIT Bank’s credit, the Bank lists the current rates for all of these account in its Products and Rates sheet.
from DepositAccounts
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Old 11-16-2018, 07:13 AM   #575
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I still think VMMXX beats the lot for liquidity.
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Old 11-16-2018, 08:32 AM   #576
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For Canadians...……….. Simplii Financial (Branch of CIBC)

Guaranteed Investment Certificates (GIC)
Invest in a 3.10% 1-year GIC today.
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Old 11-16-2018, 01:12 PM   #577
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Just stumbled on this. Harbor Bank of Maryland IRA MM is 2.6% w/ $500 min. Thatís 500 not 500k! This is listed on depositaccounts and the bank website. I know they are a small local bank based in Baltimore. Iíll be looking into this.


Finally got this IRA MM account funded today. Harbor Bank of Maryland is very small, very low tech. The MM rate is 2.71 now so hope it will be worthwhile. It satisfies my urge to have a small stash in a local brick and mortar (along with PenFed Premium Savings).
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Old 11-16-2018, 03:47 PM   #578
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Greenwood Credit Union

1-year CD = 3.0%
5-year CD = 3.75%

Anyone can join by opening a savings account and maintaining a $5 minimum balance.

https://www.greenwoodcu.org/gcu-rates/
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Old 11-17-2018, 05:43 AM   #579
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Ally Savings now 2.0%
Capital One 360 MM 2.0% ($10,000+)
Goldman/Marcus 2.05%
Yes, I just got the announcement from Ally on the change to 2.0%. They always seem to be a few weeks behind on these changes, but they make up for it with the 11-mo CD.
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Old 11-17-2018, 06:27 AM   #580
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2.25% VMMXX Prime MM
1.53% VNJXX NJ Muni MMF

2.00% Discover Bank
0.35% Schwab Checking
0.01% Bank Checking

3.41% NJ LT Bond TE
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