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Citi eSavings MM now offering 5%
06-27-2006, 09:47 PM
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#1
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Join Date: Mar 2004
Posts: 2,343
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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%
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06-28-2006, 12:00 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Location: Alexandria, Va
Posts: 1,053
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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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Two roads diverged in a wood, and I - I took the one less travelled by...
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Re: Citi eSavings MM now offering 5%
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06-28-2006, 12:31 PM
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#3
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 718
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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%
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06-30-2006, 08:53 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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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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I look to the present moment because that's where I live my life.
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Re: Citi eSavings MM now offering 5%
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07-04-2006, 05:44 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Sep 2005
Posts: 1,677
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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%
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07-04-2006, 09:14 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Dec 2003
Location: Losing my whump
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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%
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07-04-2006, 11:07 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Re: Citi eSavings MM now offering 5%
 Quote:
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Originally Posted by Cute Fuzzy Bunny
4.95 for vanguard prime.
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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%
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07-04-2006, 11:20 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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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%
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07-04-2006, 12:52 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Citi eSavings MM now offering 5%
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07-04-2006, 01:29 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
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Re: Citi eSavings MM now offering 5%
Quote:
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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%!
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I'm pretty close to the 0% tax bracket... 
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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Re: Citi eSavings MM now offering 5%
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07-04-2006, 01:50 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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Re: Citi eSavings MM now offering 5%
Quote:
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Schwab just dropped fees on treasury auctions, so I think I will be buying the occasioal 90 day bill at auction
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why not treasury-direct?
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Re: Citi eSavings MM now offering 5%
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07-04-2006, 01:57 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Re: Citi eSavings MM now offering 5%
Quote:
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Originally Posted by d
why not treasury-direct?
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I'll never be a big treasury investor, so its not worth setting up another account.
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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