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11-17-2018, 07:19 AM
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#581
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Full time employment: Posting here.
Join Date: Jan 2010
Posts: 734
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 Quote:
Originally Posted by Gotadimple
For regular savings, American Express Bank increased the interest rate to 2% APY. Effective today.
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And Barclays Online Savings is at 2.05%. They seem to be competing for the same funds. I have money at both & find them very similar in convenience & ease for transferring money in & out.
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11-17-2018, 01:12 PM
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#582
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,873
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Quote:
Originally Posted by ShokWaveRider
I still think VMMXX beats the lot for liquidity.
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+1.
And as pb4uski mentioned earlier, the yield has been gradually increasing. It's at 2.25% right now and it started the week around 2.23% (or 2.22%)?
It's finally moving in the right direction.
__________________
Eat, Drink and Be Merry.
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11-17-2018, 07:03 PM
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#583
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,522
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Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
__________________
"Luck favors the prepared mind"
Pasteur
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11-17-2018, 07:06 PM
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#584
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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 Golden sunsets
Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
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Not from Fidelity.
If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.
__________________
Retired since summer 1999.
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11-18-2018, 08:27 AM
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#585
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by audreyh1
Quote:
Originally Posted by Golden sunsets
Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?
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Not from Fidelity.
If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate. |
If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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11-18-2018, 08:48 AM
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#586
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,951
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Sallie Mae (one of the places I have some cash) just raised their MM APR from 2.10% to 2.20%. Their high yield savings is a slightly lower 2.10%.
While they aren't the highest (there are those at 2.25% and even a couple now at 2.35%), they have been pretty good at raising the rates to remain somewhat competitive.
ETA: They have also been good in not having to have hoops to jump through to get the new rate - it is automatically applied to the funds there. (Unlike HSBC, who lost my account because of that crap and places like MysavingsDirect.)
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11-18-2018, 08:53 AM
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#587
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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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3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.
__________________
Retired since summer 1999.
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11-18-2018, 08:55 AM
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#588
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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 Huston55
If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.
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It’s yielding 2.17% as of Friday.
__________________
Retired since summer 1999.
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11-18-2018, 08:59 AM
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#589
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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: 11,298
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Quote:
Originally Posted by audreyh1
It’s yielding 2.17%.
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Plus an initial minimum 100k investment, but can maintain any balance.
__________________
TGIM
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11-18-2018, 09:46 AM
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#590
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,591
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Quote:
Originally Posted by audreyh1
3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.
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Definitely one to consider.
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11-18-2018, 09:52 AM
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#591
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Moderator
Join Date: Oct 2010
Posts: 10,723
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Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?
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11-18-2018, 02:18 PM
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#592
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Quote:
Originally Posted by sengsational
Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?
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+1
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11-19-2018, 12:08 PM
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#593
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,522
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Quote:
Originally Posted by audreyh1
Not from Fidelity.
If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.
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Thanks Audrey. I had determined that I couldn’t buy that fund at ML, but wondered if others who aren’t Vanguard brokerage holders were able to buy it from non Vanguard brokerage accounts. I guess it’s proprietary. I suppose I could set up a brokerage at Vanguard to hold that fund, and view as just another institution that I use for high yield savings/CD’s.
__________________
"Luck favors the prepared mind"
Pasteur
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11-19-2018, 02:36 PM
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#594
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Recycles dryer sheets
Join Date: Feb 2018
Posts: 98
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11-19-2018, 02:37 PM
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#595
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,357
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Quote:
Only 10K in an IRA, if that matters.
__________________
I thought growing old would take longer.
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11-19-2018, 03:29 PM
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#596
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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: 11,298
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Quote:
But one can reduce it to any amount right away and still get the 100k rate.
__________________
TGIM
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11-19-2018, 04:33 PM
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#597
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by Dtail
Quote:
But one can reduce it to any amount right away and still get the 100k rate. |
Correct. This is what we’ve done. We also link FZDXX to our Fido Core (savings/checking) account so that every $ earns the FZDXX yield until the day it’s consumed to pay a bill.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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11-19-2018, 05:02 PM
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#598
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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Scrapping for every last $. Capitalists are awesome.
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11-19-2018, 05:57 PM
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#599
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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: 11,298
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__________________
TGIM
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11-19-2018, 06:26 PM
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#600
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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While we scrap for eveey last basis point L Bell left $14 mil on the table. He will never get that that $14 mil back. Boo hoo. Gimme that basis point before I rip it outta yo hands
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