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08-11-2018, 07:33 AM
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#81
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,995
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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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08-11-2018, 01:37 PM
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#82
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,134
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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.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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08-11-2018, 01:53 PM
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#83
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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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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08-11-2018, 02:41 PM
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#84
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by ShokWaveRider
Anyone think we will see 4% CDs by Year End?
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Quote:
Achieva Credit Union Offers 60-month IRA CD, 4.20% APY
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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).
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08-11-2018, 02:45 PM
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#85
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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: 37,931
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Quote:
Originally Posted by copyright1997reloaded
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It’s also only for residents of a few Florida counties.
__________________
Retired since summer 1999.
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08-11-2018, 02:50 PM
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#86
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by Chuckanut
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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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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08-12-2018, 01:51 PM
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#87
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
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Quote:
Originally Posted by imoldernu
IBond 2.52.... Change date it Oct. 13.
Some of my older bonds are still paying 6.0%
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The 2.52% became effective in May. Next I bond rate change will be this 11-1.
__________________
"Luck favors the prepared mind"
Pasteur
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08-12-2018, 04:11 PM
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#88
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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: 37,931
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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.
__________________
Retired since summer 1999.
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08-12-2018, 04:34 PM
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#89
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,643
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Quote:
Originally Posted by audreyh1
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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With Fed planning up to 3 more increases in next 6 month, best to stay short until the dust settles.
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08-12-2018, 05:36 PM
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#90
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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: 37,931
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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.
__________________
Retired since summer 1999.
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08-13-2018, 06:01 PM
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#91
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: W Wash
Posts: 1,643
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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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08-14-2018, 10:06 AM
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#92
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 796
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Marcus (Goldman Sachs) savings at 1.85%
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08-14-2018, 11:28 AM
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#93
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,788
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VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX
7-Day Current Yield
1.91
Initial Investment $50,000
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08-14-2018, 11:41 AM
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#94
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Quote:
Originally Posted by Surewhitey
VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX
7-Day Current Yield
1.91
Initial Investment $50,000
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VMMXX is 2.06% and only $3k Minimum.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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08-14-2018, 12:06 PM
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#95
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,788
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Quote:
Originally Posted by ShokWaveRider
VMMXX is 2.06% and only $3k Minimum.
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Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
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08-14-2018, 12:51 PM
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#96
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Quote:
Originally Posted by Surewhitey
Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
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I think Expenses are taken into account in the Yield.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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08-14-2018, 05:45 PM
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#97
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Quote:
Originally Posted by ShokWaveRider
I think Expenses are taken into account in the Yield.
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+1
For Vanguard and in general the MM yields are stated after expenses.
__________________
TGIM
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08-14-2018, 07:06 PM
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#98
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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: 37,931
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Quote:
Originally Posted by Surewhitey
Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...
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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.
__________________
Retired since summer 1999.
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08-15-2018, 09:00 AM
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#99
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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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.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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08-15-2018, 09:07 AM
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#100
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gone traveling
Join Date: Sep 2014
Posts: 225
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why not just purchase from www.treasurydirect.gov ... its too easy and the rates are current...
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