Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-24-2019, 09:21 AM   #861
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 23,177
Quote:
Originally Posted by Dimsumkid View Post
Andrews Federal CU

Get Paid to Save with a Special Share Certificate

Now through December 6, open a 3-Month Share Certificate and earn 3.01% APY*. Hurry! Don't miss out on this limited time offer.



You can never go wrong with a little extra savings. So, when the masses are out spending, stay home and relax while your Share Certificate grows dividends.

Enjoy 3.01% APY* for 3-months
Absolutely no account fees (penalities apply for early withdrawal)
$1,000 minimum deposit required to open account
Offer valid November 25, 2019 through December 6, 2019.
Yeah - I saw that. Very nice even if short. But I'm really corralling my cash at the moment for other needs and don't have any spare to park for 3 months.
__________________

__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-26-2019, 03:20 PM   #862
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 5,612
Someone I know just got about $65K of inheritance and asked me where to put it. They had a Roth account with Fidelity (but not a cash management or brokerage account), so I said to open the cash/brokerage just to get the money out of the 0% checking account it was currently in. There were 3 options for cash management (spaxx, fcash, fzfxx), and I didn't think it made too much difference which of those was selected.


I asked when the cash would be needed, and learned maybe about 1/3 of it in the next 12 months, and another 1/3 the following year, with the overall goal to have the option to use the funds any time without risk of losing principle.


My idea was to suggest that the funds be used to buy treasuries (I read trades are free) or conservative bonds, just to get some kind of return. I don't see chasing the special rate CD's would be in the cards for these funds, though...too much trouble for this situation.


Anything about this that doesn't sound right? Any alternatives that would be better?
__________________

sengsational is offline   Reply With Quote
Old 11-26-2019, 03:26 PM   #863
Full time employment: Posting here.
 
Join Date: Jul 2013
Posts: 762
Quote:
Originally Posted by sengsational View Post
Someone I know just got about $65K of inheritance and asked me where to put it. They had a Roth account with Fidelity (but not a cash management or brokerage account), so I said to open the cash/brokerage just to get the money out of the 0% checking account it was currently in. There were 3 options for cash management (spaxx, fcash, fzfxx), and I didn't think it made too much difference which of those was selected.


I asked when the cash would be needed, and learned maybe about 1/3 of it in the next 12 months, and another 1/3 the following year, with the overall goal to have the option to use the funds any time without risk of losing principle.


My idea was to suggest that the funds be used to buy treasuries (I read trades are free) or conservative bonds, just to get some kind of return. I don't see chasing the special rate CD's would be in the cards for these funds, though...too much trouble for this situation.


Anything about this that doesn't sound right? Any alternatives that would be better?
Bond funds are out, if having the value decrease is not an option.

For such a short time frame, I suggest savings/MM.
mrfeh is offline   Reply With Quote
Old 11-26-2019, 04:13 PM   #864
Moderator
sengsational's Avatar
 
Join Date: Oct 2010
Posts: 5,612
Quote:
Originally Posted by mrfeh View Post
Bond funds are out, if having the value decrease is not an option.

For such a short time frame, I suggest savings/MM.
Thanks for the suggestion. I'd never recommend bond funds for this. I was thinking of individual bonds, held to maturity. But if the rate delta isn't very large, just sticking with money market might be where these funds will end-up.
sengsational is offline   Reply With Quote
Old 11-26-2019, 04:29 PM   #865
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,622
For the 2/3 that will be needed in the next 24 months, I'd go with an online savings account... FDIC insured, no interest rate risk, total liquidity and about 2% APY if you shop around. Beats most 12-24 month CDs easily unless you catch a credit union CD special somewhere.

https://banking.citi.com/cbol/saving...6BFCD10A618560
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote
Old 11-27-2019, 04:11 PM   #866
Recycles dryer sheets
SunBlueSky's Avatar
 
Join Date: Dec 2018
Posts: 80
Just a "thank you" to this forum for posting the PSECU 36 month 3.25% CD special.

- I started my new member application on Nov. 1. Whole process took a while.
- Today I funded it from Fidelity (wire transfer, same day)
- PSECU IRA dept. walked me through filling out the form (pleasant & helpful).
- Fidelity faxed the IRA rollover application to PSECU for me (my home phone does not have long distance).
Glad to have the Fidelity brick and mortar office right down the road: he said they don't normally do this for you - but he remembered me and did me a favor. I still have most of my monies at Fidelity, but wanted to take advantage of the PSECU CD special.
SunBlueSky is offline   Reply With Quote
Old 11-27-2019, 04:34 PM   #867
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 3,748
Quote:
Originally Posted by SunBlueSky View Post
Just a "thank you" to this forum for posting the PSECU 36 month 3.25% CD special.

- I started my new member application on Nov. 1. Whole process took a while.
- Today I funded it from Fidelity (wire transfer, same day)
- PSECU IRA dept. walked me through filling out the form (pleasant & helpful).
- Fidelity faxed the IRA rollover application to PSECU for me (my home phone does not have long distance).
Glad to have the Fidelity brick and mortar office right down the road: he said they don't normally do this for you - but he remembered me and did me a favor. I still have most of my monies at Fidelity, but wanted to take advantage of the PSECU CD special.
Brilliant!
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Navy Federal CD Rates
Old 11-30-2019, 03:19 PM   #868
Confused about dryer sheets
 
Join Date: Jun 2010
Posts: 3
Navy Federal CD Rates

Rates have come off the highs and now 3year is 2.35 with 100K.
LarryL is offline   Reply With Quote
Old 12-01-2019, 10:19 AM   #869
Recycles dryer sheets
 
Join Date: Dec 2016
Posts: 94
Ugh...2 of my CDs come due De. 12th. I am back and forth deciding between NFCU and Ally. They’re our IRAs. They’ll probably even go lower next week😞
Carol1862 is offline   Reply With Quote
Old 12-01-2019, 01:20 PM   #870
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 2,185
I'm so disgusted at the current rates that I decided to take some of the unemployed cash and combine it with a teaser rate on my HELOC to pay off two higher rate rental mortgages. I will pay off the HELOC in the low interest window, using the money that would have gone to new savings along with the net rent. I'm still keeping a large cash buffer because of the rentals, but I am not happy with the anemic "return" on those dollars.
Another Reader is offline   Reply With Quote
Old 12-02-2019, 12:14 PM   #871
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,801
Quote:
Originally Posted by Carol1862 View Post
Ugh...2 of my CDs come due De. 12th. I am back and forth deciding between NFCU and Ally. They’re our IRAs. They’ll probably even go lower next week😞
Same here. I just put some of my current cash into CapitalOne 1 yr 2.1%. The 2 CDs I have that come due Dec 12 will earn even less that that I'm sure. PenFed Online savings is 1.7%. I can't find anything better.
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline   Reply With Quote
Old 12-02-2019, 12:34 PM   #872
Thinks s/he gets paid by the post
simple girl's Avatar
 
Join Date: Sep 2006
Posts: 2,736
Quote:
Originally Posted by Live And Learn View Post
Same here. I just put some of my current cash into CapitalOne 1 yr 2.1%. The 2 CDs I have that come due Dec 12 will earn even less that that I'm sure. PenFed Online savings is 1.7%. I can't find anything better.
Same boat. CD coming due Dec 8th. Keeping my eyes open here and will soon start searching depositaccounts.com.
__________________
simple girl
less stuff, more time

(51, married; Mr. Simple Girl, 56. I am semi-retired as of 2015 (occasional part-time self-employment), Mr. Simple Girl is fully retiring at the end of 2019!)
simple girl is offline   Reply With Quote
Old 12-02-2019, 01:13 PM   #873
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 1,208
Quote:
Originally Posted by Another Reader View Post
I'm so disgusted at the current rates that I decided to take some of the unemployed cash and combine it with a teaser rate on my HELOC to pay off two higher rate rental mortgages. I will pay off the HELOC in the low interest window, using the money that would have gone to new savings along with the net rent. I'm still keeping a large cash buffer because of the rentals, but I am not happy with the anemic "return" on those dollars.
Yes. Nothing too exciting right now. i am happy I got into Signal Financial in October. I have a new tranche freeing up next few days, then nothing coming due till next Dec. Probably allocate some to Cap1 (which is my near-term spending account) and maybe a low risk equity fund. My shortest term bond fund has been great for past year but tepid past 6 months, not sure I will add there, and I may even harvest some. May allocate some to promo bank deals if not too much "overhead"involved.

Debt paydown does not look crazy. I may look to extend my small mortgage though if rates tick lower, but value proposition for paydown perhaps a bit stronger over next few years with new tax law.
Montecfo is offline   Reply With Quote
Old 12-02-2019, 01:21 PM   #874
Confused about dryer sheets
 
Join Date: Nov 2019
Location: Palm Beach Gardens
Posts: 1
I use bankrate.com to search for good Savings/MM rates. Also good for searching best loan and mortgage rates.
John the third is offline   Reply With Quote
Old 12-02-2019, 01:24 PM   #875
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 1,208
Quote:
Originally Posted by Another Reader View Post
I'm so disgusted at the current rates that I decided to take some of the unemployed cash and combine it with a teaser rate on my HELOC to pay off two higher rate rental mortgages. I will pay off the HELOC in the low interest window, using the money that would have gone to new savings along with the net rent. I'm still keeping a large cash buffer because of the rentals, but I am not happy with the anemic "return" on those dollars.
Yes. Nothing too exciting right now. i am happy I got into Signal Financial in October. I have a new tranche freeing up next few days, then nothing coming due till next Dec. Probably allocate some to Cap1 (which is my near-term spending account) and maybe a low risk equity fund. My shortest term bond fund has been great for past year but tepid past 6 months, not sure I will add there, and I may even harvest some. May allocate some to promo bank deals if not too much "overhead"involved.

Debt paydown does not look crazy. I may look to extend my small mortgage though if rates tick lower, but value proposition for paydown perhaps a bit stronger over next few years with new tax law.
Montecfo is offline   Reply With Quote
Old 12-02-2019, 01:25 PM   #876
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 23,177
Synchrony emailed me about an 18 month 2.05% CD today.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 12-02-2019, 02:22 PM   #877
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 4,539
Quote:
Originally Posted by John the third View Post
I use bankrate.com to search for good Savings/MM rates. Also good for searching best loan and mortgage rates.
Have you tried Depositaccounts.com?
I haven't been on the Bankrate site since someone here suggested using depositaccounts.com. The best CDs seem to be temporary Promo deals from Credit Unions and Online Banks. The details are sometimes provided by readers. I don't see much capability for Bakerate.com to be nearly as comprehensive.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 12-02-2019, 03:18 PM   #878
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 4,690
Quote:
Originally Posted by Live And Learn View Post
Same here. I just put some of my current cash into CapitalOne 1 yr 2.1%. The 2 CDs I have that come due Dec 12 will earn even less that that I'm sure. PenFed Online savings is 1.7%. I can't find anything better.
Just had a no penalty 2.3% Ally CD mature and deposited the monies to Simple.com at 2.15%.
Have a 14 month 2.85% 14 month CD maturing in March 2020.
The only thing I have to put it into is the GTE 3.0% CD, but it would be for 5 years and will need some of the monies before that time.
__________________
TGIM
Dtail is offline   Reply With Quote
Old 12-03-2019, 12:22 PM   #879
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 3,748
Still a Few 3% available for some.

Lafayette Federal Credit Union 5-Year CD Earns 3.03% APY

P1FCU (ID/OR/WA) Offers 3.05% APY On 60-Month CD

GPO Federal Credit Union (NY) Adds 14-Month CD Special, 3.00% APY

Space City Credit Union (TX) Offers 3.04% APY On 5-Year Jumbo CD

Andrews Federal Credit Union Adds 3-month CD Special, 3.01% APY

All In Credit Union Unveils 53-Month Special CD, 3.00% APY
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Old 12-03-2019, 09:19 PM   #880
Dryer sheet aficionado
 
Join Date: Aug 2019
Posts: 35
Quote:
Originally Posted by Dtail View Post
Just had a no penalty 2.3% Ally CD mature and deposited the monies to Simple.com at 2.15%.
Have a 14 month 2.85% 14 month CD maturing in March 2020.
The only thing I have to put it into is the GTE 3.0% CD, but it would be for 5 years and will need some of the monies before that time.
How did you deal with the simple.com's split your money/goal thing? I think ill be moving over to first foundation bank (2.372%) from comenity (1.9%).
__________________

lordjust is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 2 (1 members and 1 guests)
MJ
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Best CD & MM Rates Thread 2018 Archive ShokWaveRider FIRE and Money 820 01-21-2019 03:26 PM
When you put 2019 as your retirement year, does Firecalc assume January 1st, 2019 ? cyber888 FIRECalc support 12 09-26-2018 10:46 AM
Noticed more people holding signs "need work or food" rayinpenn Other topics 3 05-03-2015 03:51 PM

» Quick Links

 
All times are GMT -6. The time now is 10:19 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×