Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 10-07-2018, 12:38 PM   #21
Thinks s/he gets paid by the post
BigMoneyJim's Avatar
 
Join Date: Feb 2003
Location: DFW
Posts: 2,635
CDs can be broken if needed. I've been using CDs for emergency funds for years. I haven't had to break one yet. You could put it in more than one CD so you don't have to break the whole thing at once if needed.
__________________

BigMoneyJim 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!

Old 10-09-2018, 06:32 PM   #22
Dryer sheet wannabe
 
Join Date: Aug 2016
Location: Upstate South Carolina
Posts: 15
I opened an American Express savings account last week, 1.9% if I recall correctly. It is better than the CDs I have had the money over the last few years. I am starting with 10k and will drop another 10k in it over the next month. Two CDs worth a total of 40k mature in November and I add those when appropriate.

I am hoping the interest will pay for upgrades from coach to biz class flights for Italy next year.
__________________

mtpisgah is offline   Reply With Quote
Old 10-10-2018, 12:23 PM   #23
Dryer sheet wannabe
 
Join Date: Aug 2017
Posts: 18
Thank you for the suggestions. I ended up opening the HSBC account with $1,500 to get the $200 bonus in 90 days. I then used $1,000 to open an account at Memory Bank for 2.25% on money I can withdraw at any time. https://www.depositaccounts.com/bank...ank.html#rates

They have been very slow to set up my account. HSBC had me up & running in two days. I'm at almost a week with Memory Bank. Once my account is indeed set up I'll move $10,000 into it and let it sit until I need the money or something better comes along.
firemediceric is offline   Reply With Quote
Old 10-10-2018, 12:43 PM   #24
Thinks s/he gets paid by the post
Red Badger's Avatar
 
Join Date: Jan 2017
Location: Piedmont Region
Posts: 1,187
Quote:
Originally Posted by firemediceric View Post
I have a little over $10k sitting in a savings account earning next to nothing in interest. Although I don't anticipate needing this money any time soon, I want to keep it within reach should an emergency arise. Suggestions?

I don't have the stomach to put the money in the stock market at present. I don't want to put it in a CD that will leave the money out of reach for months at a time. Any good money market funds as an alternative? Something better?
Rather than fret over this, you can just send the 10 Grand to me.

Problem solved!
__________________
Never let yesterday use up too much of today.
W. Rogers
Red Badger is online now   Reply With Quote
Old 10-10-2018, 01:35 PM   #25
Recycles dryer sheets
 
Join Date: Mar 2012
Posts: 453
Quote:
Originally Posted by firemediceric View Post
Thank you for the suggestions. I ended up opening the HSBC account with $1,500 to get the $200 bonus in 90 days. I then used $1,000 to open an account at Memory Bank for 2.25% on money I can withdraw at any time. https://www.depositaccounts.com/bank...ank.html#rates

They have been very slow to set up my account. HSBC had me up & running in two days. I'm at almost a week with Memory Bank. Once my account is indeed set up I'll move $10,000 into it and let it sit until I need the money or something better comes along.
Great - I love when we can get free money like this!
njhowie is offline   Reply With Quote
Old 10-11-2018, 08:32 PM   #26
Recycles dryer sheets
Henry Lili's Avatar
 
Join Date: Oct 2009
Posts: 136
I have a stash in Customers Bank 2.25% MM. Rate guaranteed through 6/30/19
__________________

Henry Lili is offline   Reply With Quote
Reply


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
To Take out $10k yr, how much is Req'd? Dennis FIRE and Money 5 03-12-2009 07:53 AM
Starting a small car lot of used vehicles below $10K? xtradoe Other topics 17 02-27-2009 02:04 PM
Need advice for 20 year old with $10k 48Fire FIRE and Money 15 08-12-2008 12:43 PM
NFCU: 6% APY for a 10-month term, $10K minimum Nords FIRE and Money 13 08-02-2007 08:38 PM
ING Slacking as a place to park cash - Any Recommendations ShokWaveRider FIRE and Money 53 09-13-2006 10:18 AM

» Quick Links

 
All times are GMT -6. The time now is 06:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.