Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:14 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

No CD's...........ideas
__________________

__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   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!

Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:25 AM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 8,626
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

I picked Vanguard Prime MM. It's easy to move to one of my Vanguard funds or to my checking account. I see no reason to go to ED.

Other places to look are Citibank, HSBC, CapitalOne which all have online savings accounts in fives, I think.
__________________

__________________
LOL! is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:26 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

E-loan.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,
Old 11-17-2006, 10:29 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,

Financedude,

The vanguard account is a good one to have if you also have other accounts at vanguard since you can shift money easily without waiting a couple days for money to transfer to buy new securities.

Where's the $10,000 from? Bonus time?!! We just got the $3000 annual match for DW's 401k dropped on us out of the blue yesterday. Nice little surprise!
__________________
justin is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:35 AM   #5
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

I have also been using eloan...and 2nd HSBC....Eloan only allows you to link 1 external account but apparently can start a 2nd account.
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:42 AM   #6
Recycles dryer sheets
 
Join Date: May 2005
Posts: 57
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

Hmmm, how times change...I went with Emigrant about a year or so ago and it seemed like likes of folks here did also...

I have had no problems whatsoever with Emigrant. I go online, request a transfer every month to checking and it shows up in about 1-2 days...they did drop from 5.15 to 5.05.

Just curious if I have missed a big reason to switch to another online resourse??

Thanks...Ted
__________________
Ted
tednvon is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,
Old 11-17-2006, 10:49 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
FinanceDude's Avatar
 
Join Date: Aug 2006
Posts: 12,484
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,

Quote:
Originally Posted by justin
Where's the $10,000 from? Bonus time?!! We just got the $3000 annual match for DW's 401k dropped on us out of the blue yesterday. Nice little surprise!
No, not a bonus.........life insurance policy from sister.........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)


This Thread is USELESS without pics.........:)
FinanceDude is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 10:54 AM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

These are all great places to stick your ST cash and they are all generally pretty safe etc. I doubt that it is such a good idea to chase ST interest rates that are only 5-10 pb more than another MMF or online bank.

Chose one. Stick with it.
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 11:08 AM   #9
Full time employment: Posting here.
Patrick's Avatar
 
Join Date: Mar 2005
Location: Northern, Florida
Posts: 925
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

Eloan savings is at 5.5%: www.eloan.com

Presidential checking is at 4.5%: www.presidential.com
__________________
Retired in 2006 at age 49.

"Who among us is smart enough to learn from the mistakes of others?" - Voltaire
Patrick is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 11:29 AM   #10
Recycles dryer sheets
 
Join Date: May 2005
Posts: 57
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

Thanks, I agree with mickeyd...chasing an extra .10 to .40 percent is just not worth it with less than 70K in the account. I plan to draw about 30K/year from this account while phasing retirement and I keep second guessing having a 1-2 two year CD, but again, for the few percentage points difference, this is totally liquid, easy to access, and no complaints...

Thanks again for all the wisdom here...Ted
__________________
Ted
tednvon is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 11:33 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,951
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

GMAC Bank is...........5.3 APY on MM Savings
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 12:21 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Posts: 1,487
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

it certainly doesn't make much sense (but does make some cents) to chase MM yields if the differential is minimal, but the rate leaders do evolve ... ING, Emigrant and Virtual bank are no longer the first choices they once were! point: you can't stick with one bank for ever, need to anticipate some evolution if you wish to get near-best returns. that said, VMMP is a clear all-things-considered winner.
__________________
d is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,
Old 11-17-2006, 12:29 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,

I think $10,000 is about what I still have in my Emigrant account. I did have more, but then I paid down the HELOC once the interest rates started shooting up, and also paid off a car loan.

I've been happy with them. It's interesting though, how things change. I don't think I'm going to start chasing money market yields unless I get a substantial amount back in there.
__________________
Andre1969 is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-17-2006, 04:32 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 5,884
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

Quote:
I paid down the HELOC once the interest rates started shooting up, and also paid off a car loan
Excellent move Andre. Why pay interest to banks while you earn much lower rates on your cash?
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,
Old 11-17-2006, 04:54 PM   #15
Recycles dryer sheets
 
Join Date: Sep 2005
Posts: 97
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,

Quote:
Originally Posted by brewer12345
E-loan.
E-loan is playing an interesting game:

15 Year Fixed Mortgage 5.625%
1 Year CD 5.55

They must expect rates to drop in the future.

__________________
Is this a good time to RE ? Ok, how about now...
Dry Socks is offline   Reply With Quote
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?
Old 11-18-2006, 03:19 PM   #16
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Largo
Posts: 1,945
Re: Ok............Emigrant Direct, Vanguard, or who else for a good rate on $10,000?

My Emigrant transfers show up the same day in my Schwab checking account. No waiting.
__________________

__________________
Buckeye is offline   Reply With Quote
Reply

Tags
vanguard


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
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
Emigrant Direct GOING OUT OF BUSINESS?? Enuff2Eat FIRE and Money 26 09-17-2006 09:17 AM
Is this rate as good as it looks? KB FIRE and Money 9 06-26-2006 06:37 PM
Heres a good one...whats your effective tax rate cute fuzzy bunny FIRE and Money 47 04-07-2006 01:10 PM
The Upside to Low Savings Rate? REWahoo FIRE and Money 0 03-29-2006 10:08 PM
Vanguard Tips Fund - Kinda Scary in a Good Way !! Cut-Throat FIRE and Money 4 03-01-2004 11:35 AM

 

 
All times are GMT -6. The time now is 10:36 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.