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Old 08-11-2018, 08:33 AM   #81
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OK, so trying to open a membership at Freedom CU has not been the smoothest process. I filled out a membership application online, waited four days and heard nothing. So I called them and found out they did not process my membership because I did not send them a copy of my membership certificate from the American Consumer Council, which I purchased for $8.00 to become eligible.

So I send them the certificate via email and wait. Then I call back and find out they need a copy of my driver's license. So I send that to them via email. Then I call a third time and speak to someone who promises me that a rep will call me back to follow up. But they still haven't called me back.

Nowhere in the application process does it inform me that I need to send the certificate and driver's license to them. Somehow I was just supposed to figure that out.

Hopefully next week will bring closure to this. It's a good rate, but a lot of hoops to jump through to get it.
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Old 08-11-2018, 02:37 PM   #82
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I don't have a rate to post, but I did notice that the annual inflation rate for July 2018 is almost 3% - 2.95% to be more exact.



Using the loaves of bread method, those 3% CD's after taxes are not that great. Fewer loaves to eat in July 2018 than July 2017. Not so good.
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Old 08-11-2018, 02:53 PM   #83
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IBond 2.52.... Change date it Oct. 13.

Some of my older bonds are still paying 6.0%
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Old 08-11-2018, 03:41 PM   #84
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Anyone think we will see 4% CDs by Year End?
Quote:
Achieva Credit Union Offers 60-month IRA CD, 4.20% APY
https://www.depositaccounts.com/bank...eva-cu/offers/

The terms are a pain, and it is only for IRA's. But, the trend is our friend (at least for now).
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Old 08-11-2018, 03:45 PM   #85
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https://www.depositaccounts.com/bank...eva-cu/offers/

The terms are a pain, and it is only for IRA's. But, the trend is our friend (at least for now).
Itís also only for residents of a few Florida counties.
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Old 08-11-2018, 03:50 PM   #86
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I don't have a rate to post, but I did notice that the annual inflation rate for July 2018 is almost 3% - 2.95% to be more exact.



Using the loaves of bread method, those 3% CD's after taxes are not that great. Fewer loaves to eat in July 2018 than July 2017. Not so good.
This.

It is the reason I usually chime in on the "I don't need to have any of my money in equities, I will never run out with it in CD's" threads.

Even if one has a 2% SWR, if CD's are yielding 3% and inflation is almost 3% AND you have to pay taxes on the 3% nominal, well...you can't assume a 2% SWR.
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Old 08-12-2018, 02:51 PM   #87
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IBond 2.52.... Change date it Oct. 13.

Some of my older bonds are still paying 6.0%
The 2.52% became effective in May. Next I bond rate change will be this 11-1.
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Old 08-12-2018, 05:11 PM   #88
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Short-term Treasury Bills continue to move up. The ones auctioned tomorrow (Monday) are expected to yield 2.05% for the 3 month (13 week) T-bill; 2.23% for the 6 month (26 week) T-bill. Those rates are quite a bit higher than available in 3 month and 6 month CDs.
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Old 08-12-2018, 05:34 PM   #89
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Short-term Treasury Bills continue to move up. The ones auctioned tomorrow (Monday) are expected to yield 2.05% for the 3 month (13 week) T-bill; 2.23% for the 6 month (26 week) T-bill. Those rates are quite a bit higher than available in 3 month and 6 month CDs.
With Fed planning up to 3 more increases in next 6 month, best to stay short until the dust settles.
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Old 08-12-2018, 06:36 PM   #90
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Pretty definite 0.25% on Sept 26 to 2.25%, and another 0.25% on Dec 19 to 2.5%.

So compare longer commitments to that 2.5% expected in a little over 4 months.
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Old 08-13-2018, 07:01 PM   #91
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Was just on the Ally website--they have bumped (at least since I bought in June) their 12 High Yield CD:
2.10%Less than $5,000 opening deposit
2.25% $5,000 minimum opening deposit
2.40% $25,000 minimum opening deposit
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Old 08-14-2018, 11:06 AM   #92
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Marcus (Goldman Sachs) savings at 1.85%
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Old 08-14-2018, 12:28 PM   #93
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VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX

7-Day Current Yield
1.91

Initial Investment $50,000
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Old 08-14-2018, 12:41 PM   #94
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VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX

7-Day Current Yield
1.91

Initial Investment $50,000
VMMXX is 2.06% and only $3k Minimum.
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Old 08-14-2018, 01:06 PM   #95
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VMMXX is 2.06% and only $3k Minimum.
Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
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Old 08-14-2018, 01:51 PM   #96
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Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
I think Expenses are taken into account in the Yield.
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Old 08-14-2018, 06:45 PM   #97
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I think Expenses are taken into account in the Yield.
+1
For Vanguard and in general the MM yields are stated after expenses.
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Old 08-14-2018, 08:06 PM   #98
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Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
Right - you don't have to subtract the expenses from the yield. The yield is already net of expenses.

There is a very slight difference in risk. One is a government only MM fund, the other a Prime MM fund.
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Old 08-15-2018, 10:00 AM   #99
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We dream of this becoming the norm....

Keesler Federal Credit Union Adds 7-Month CD, 5.00% APY ($1k Min) There does not seem to be a Max. Limited membership though.
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Old 08-15-2018, 10:07 AM   #100
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why not just purchase from www.treasurydirect.gov ... its too easy and the rates are current...
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