aja8888
Moderator Emeritus
Being bored takes on new meaning when your retired.
Yeah, wait until you get up to 5,000 posts.
Being bored takes on new meaning when your retired.
Thanks. I moved every penny of our VMMXX to Ally years ago so I hadn’t noticed VMMXX is paying interest that’s much more competitive again (finally). I’m not moving cash back but I might let some sweep money accumulate at Vanguard again.The rates on some of the money market funds are moving up. I see VMMXX quoted at a 1.13% yield now.
Yeah the money market rates have moved up smartly this year.
It has me rethinking CDs. If rates continue to move higher, which is uncertain of course, a money market will relatively quickly give those higher rates, all without having to break a CD and possibly incur a penalty.
I’m looking to beat the PenFed 3% deal of a few years ago.
It is only prison if you need the money. ...
Agreed... so I only put money in there that I don't think I will need and in $50k increments so if it ends up that I do need it I don't have to break the whole thing.
I did $5k CDs. Makes for a thick statment. Looks more impressive.
I dumped GE Capital when they were bought out by Goldman Sachs. I figured GS would not invest much effort in the platform and be less than friendly to the little people.
Today I decided to open up a small one year CD at 1.65 percent to see how they do. So far, the platform seems well designed and easy to use. They had all my GE Capital info in their database, so it was easy to open the account.
My 11 month no penalty CD at Ally expires this month. The account is not large enough to qualify for the 1.5 percent at renewal. That money will go back into the savings account or into another CD at an institution with better CD rates.
Hoping some 3 percent CD's show up by the end of December so I can commit more money to them.