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11-19-2018, 07:20 PM
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#601
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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: 38,015
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Quote:
Initial investment yes. But you aren’t required to maintain that balance to stay in the fund.
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Retired since summer 1999.
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11-19-2018, 10:29 PM
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#602
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Recycles dryer sheets
Join Date: Nov 2012
Posts: 94
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Quote:
Originally Posted by audreyh1
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.
from DepositAccounts
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Just a note from personal experience: I simply contacted them via the website and they made the switch for me to the new, higher-paying account. Only took about 2 days and it was done. I didn't have to do anything on my end.
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11-20-2018, 07:23 AM
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#603
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,858
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VMMXX keeps trending upward. It's now at 2.27%.
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Eat, Drink and Be Merry.
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11-20-2018, 09:20 AM
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#604
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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: 7,667
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Here is a Novelty 7% Rate.... But at a B+ Credit union.
7.00% 7-7-7 Share Certificate ($7k Max) At Great Lakes Credit Union
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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11-20-2018, 09:45 AM
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#605
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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Be my guest.....make $285.00 in 7 months........"It’s your lucky day! Earn 7% APY* for 7 months up to $7,000 on a special certificate. This offer is only available until November 30. So, hurry and open yours today!"
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"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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11-20-2018, 06:07 PM
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#606
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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: 38,015
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The US Treasury started issuing 8 week bills in mid October. These yield about midway between 4 week and 13 week treasury bills. Currently 2.3%.
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Retired since summer 1999.
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11-21-2018, 07:14 AM
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#607
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,599
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Meanwhile, Ally has sent me 2 emails already, reminding me that I'm due for a bonus, as long as I keep my $$ with them through January!
It's like they're afraid people will take out their money in order to chase rates somewhere else
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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11-21-2018, 07:26 AM
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#608
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,667
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I am a rate chaser...… or is it a "Wheel Watcher"? Sort of an Ironic comparison... Wheel of Fortune..... But I do not watch Wheel...…. However I am a rate chaser at certain times every few years, then normality sets in again. Currently rate chasing.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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11-21-2018, 07:29 AM
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#609
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Full time employment: Posting here.
Join Date: May 2013
Posts: 725
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Quote:
Originally Posted by Amethyst
Meanwhile, Ally has sent me 2 emails already, reminding me that I'm due for a bonus, as long as I keep my $$ with them through January!
It's like they're afraid people will take out their money in order to chase rates somewhere else
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They probably don;t want to deal with the angry "where is my bonus" calls from those that didn't read the whole offer and think it's like the Cap One that only needs the money to stay for a moment. Proactive damage control?
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
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11-21-2018, 07:53 AM
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#610
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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I am out of Ally dec 31st after they pay the div.
Happy to pay the 150 days interest and go elsewhere.
They were competitive yrs ago. And seem to be trying a little now.
But they are clearly behind the curve the last couple years.
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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11-21-2018, 07:54 AM
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#611
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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: 38,015
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Quote:
Originally Posted by Amethyst
Meanwhile, Ally has sent me 2 emails already, reminding me that I'm due for a bonus, as long as I keep my $$ with them through January!
It's like they're afraid people will take out their money in order to chase rates somewhere else
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I've actually appreciated the emails letting me know my status and reminding me of the future timeline.
__________________
Retired since summer 1999.
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11-21-2018, 07:56 AM
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#612
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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: 38,015
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Quote:
Originally Posted by almost there
I am out of Ally dec 31st after they pay the div.
Happy to pay the 150 days interest and go elsewhere.
They were competitive yrs ago. And seem to be trying a little now.
But they are clearly behind the curve the last couple years.
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They aren't paying the bonus on Dec 31st, more like by Feb 15. They let you know your expected bonus around Jan 15 2019. You have to keep the funds there through Jan 15.
__________________
Retired since summer 1999.
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11-21-2018, 10:41 AM
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#613
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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What is this bonus you speak of? My CD pays int. on Dec 31st annually.
Am not surprised though. They had better do something if they want folks to stay / show up.
They were leaders 3-5yrs ago. Then became more or less like a brick and mortar bank.
Concerning interest rates.
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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11-21-2018, 11:44 AM
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#614
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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"If you're asking, then clearly you were behind the curve.
No bonus for you."
The bonus for new funds? Am betting they have not got any new funds in quite a while. lol lol
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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11-21-2018, 12:29 PM
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#615
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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: 11,233
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Quote:
Originally Posted by almost there
What is this bonus you speak of? My CD pays int. on Dec 31st annually.
Am not surprised though. They had better do something if they want folks to stay / show up.
They were leaders 3-5yrs ago. Then became more or less like a brick and mortar bank.
Concerning interest rates.
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The Ally Bank no penalty 11 month CD is at 2.25% for 25k and above. One just has to leave the monies in for 6 days and can cancel anytime after that time frame without penalty.
Thus de facto this is effectively a substitute for an online savings rate for the most part and is thus competitive again.
__________________
TGIM
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11-21-2018, 12:37 PM
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#616
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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Thats good I guess. But 2% sav. is easy to find, and 1 yr 2.8% CD is also easy to find.
Seems like they are playing little games to me though. And there 5 yr CD is up to a whopping 3.1%. I do know of $320k will be exiting Ally 12/31..
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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11-21-2018, 12:48 PM
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#617
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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: 11,233
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Quote:
Originally Posted by almost there
Thats good I guess. But 2% sav. is easy to find, and 1 yr 2.8% CD is also easy to find.
Seems like they are playing little games to me though. And there 5 yr CD is up to a whopping 3.1%. I do know of $320k will be exiting Ally 12/31..
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Agree that their Cd rates are not at all competitive above 1 year. I only use them for online savings and soon to be for me no penalty CD.
__________________
TGIM
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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here
11-23-2018, 01:06 PM
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#618
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here
Andrews FCU has 8 mo CD at 2.84. Their 84 mo CD IS 3.45.
Eighty-four is too long for me.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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11-23-2018, 02:16 PM
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#619
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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: 11,233
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Quote:
Originally Posted by jazz4cash
Andrews FCU has 8 mo CD at 2.84. Their 84 mo CD IS 3.45.
Eighty-four is too long for me.
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The 8 month deal is pretty good. Much better deals out there for 7 years.
__________________
TGIM
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11-23-2018, 02:24 PM
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#620
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Agree on the 8 month. It expires 12/31. They are STILL running a 9 month at 2.75! I don't think the 9 month end date is published. One per customer I believe.
Edit
Correction: the 8 month is 2.86 apy
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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