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Citi eSavings MM now offering 5%
Old 06-27-2006, 10:47 PM   #1
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Citi eSavings MM now offering 5%

I remember inquiring in Jan 2005 about emigrant direct's 3% MM offering and now some MMs are offering 5%+.
I think ING started this online MM trend but has been left way behind with its paltry 4.25%.
Where are these rates heading to?
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Re: Citi eSavings MM now offering 5%
Old 06-28-2006, 01:00 PM   #2
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Re: Citi eSavings MM now offering 5%

I hope they keep going up! I opened an e-savings account at Citi when they started it at 4.5% a few months ago. It's gone up twice since then.

I already banked with Citi anyway, so it was very easy to set up.

Karen
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Re: Citi eSavings MM now offering 5%
Old 06-28-2006, 01:31 PM   #3
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Re: Citi eSavings MM now offering 5%

I hope they dont keep going up :/ That means the fed is still raising rates.
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Re: Citi eSavings MM now offering 5%
Old 06-30-2006, 09:53 PM   #4
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Re: Citi eSavings MM now offering 5%

HSBC, which I also have an account with, has just raised their's again to 5.05% or a .25%. Knowing that I would have a lot of cash after I sold my house I opened MM accounts at citi and HSBC to maximize my FDIC protection.
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 06:44 AM   #5
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Re: Citi eSavings MM now offering 5%

Emigrant Direct just raised their MM to 5% and their CDs to 5.35%
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 10:14 AM   #6
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Re: Citi eSavings MM now offering 5%

4.95 for vanguard prime.
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 12:07 PM   #7
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Re: Citi eSavings MM now offering 5%

Quote:
Originally Posted by Cute Fuzzy Bunny
4.95 for vanguard prime.
If you are in the 28% marginal income tax bracket, the Vanguard Tax-Exempt MM at 3.79% is like a before-tax yield of 5.26%!
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 12:20 PM   #8
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Re: Citi eSavings MM now offering 5%

and if you're in the 35% bracket, the yield is like 5.83! (unfortunately, for me, this is irrelevant.)
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 01:52 PM   #9
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Re: Citi eSavings MM now offering 5%

Heh, Schwab just dropped fees on treasury auctions, so I think I will be buying the occasioal 90 day bill at auction, given current rates.
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 02:29 PM   #10
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Re: Citi eSavings MM now offering 5%

Quote:
Originally Posted by LOL!
If you are in the 28% marginal income tax bracket, the Vanguard Tax-Exempt MM at 3.79% is like a before-tax yield of 5.26%!
I'm pretty close to the 0% tax bracket...
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 02:50 PM   #11
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Re: Citi eSavings MM now offering 5%

Quote:
Schwab just dropped fees on treasury auctions, so I think I will be buying the occasioal 90 day bill at auction
why not treasury-direct?
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Re: Citi eSavings MM now offering 5%
Old 07-04-2006, 02:57 PM   #12
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Re: Citi eSavings MM now offering 5%

Quote:
Originally Posted by d
why not treasury-direct?
I'll never be a big treasury investor, so its not worth setting up another account.
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