Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 05-31-2020, 02:25 PM   #481
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,979
Purchased a 3 yr 260k MYGA from Mass Mutual for my parents at 1.90%.
They will not need this money, so surrender fees are not important.
Willing to take the risk on highly rated Mass Mutual.
__________________
TGIM
Dtail is online now  
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 05-31-2020, 07:42 PM   #482
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,373
These demand notes are also available from Ally Bank, not to be confused with Ally FDIC accounts.

https://www.ally.com/about/investor/demand-notes/
RE2Boys is online now  
Old 05-31-2020, 11:55 PM   #483
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 2,180
Quote:
Originally Posted by RE2Boys View Post
These demand notes are also available from Ally Bank, not to be confused with Ally FDIC accounts.

https://www.ally.com/about/investor/demand-notes/
For rates which barely pay more than their savings account at the upper tiers, I don't see the draw to them.

Additionally, most will not be eligible:

Quote:
1. Confirm eligibility
Demands Notes are available to all employees and retirees of Ally Financial, as well as their immediate family members (spouse, children, parents, siblings and grandparents of the employee or retiree). Eligibility also extends to associated Ally Financial dealers and their employees.
njhowie is offline  
Old 06-04-2020, 09:59 AM   #484
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,181
American Express high yield savings rate reduced to 1.15% down from 1.5% effective today. Their website claims 10X the national average.

I like to compare them to Live Oak Bank, a fairly newish bank with good rates on high yield savings accounts. Today's rate for a personal account is 1.35%. They claim 13X the national average.

- Rita
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline  
Old 06-06-2020, 08:57 AM   #485
Dryer sheet wannabe
 
Join Date: Jan 2014
Posts: 10
Quote:
Originally Posted by jim584672 View Post
I did one last year. Read the terms very carefully and follow them exactly. Closing I went to a branch and closed the account. You could probably do it online.
Quote:
Originally Posted by ut2sua View Post
Has anyone tried CitiBank offer of $700 bonus with $50000 deposit for 90 days .Link at: https://banking.citi.com/cbol/checki...0A2FF552CDC9BC
I believe after 90 days, one can down grade the account to the next tier to have $10K or less maintained without a monthly fee (instead of having to maintain a balance of $50K to avoid the $30 monthly fee)
Also, I don't know if one can cancel a CitiBank account online, or one has to go to a physical location to do that (that would be too much work imo)
I am considering opening an account with Citi to get this offer. I saw this in the T&Cs.

Using Inter-Institution Transfers from Citibank is easy. You can:

Make one-time and recurring transfers, sent using either the Standard or Next Day delivery service

Make a transfer simply by setting up your non-Citi account by providing the account number and the ABA number

See the chart for the amounts you can transfer
Standard Service Next-Day Service

Outgoing to External Accounts
Daily $10,000 $1,000
30 day rolling calendar period $15,000 $2,500

Does this mean that i can only transfer out within a 30 day period a maximum of $15,000. The Citi rep I talked to on the phone could not answer this question. Thanks
WhiskeyJack is offline  
Old 06-06-2020, 09:05 AM   #486
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
calmloki's Avatar
 
Join Date: Jan 2007
Location: Independence
Posts: 6,638
Do a pull from another bank vs a push from Citi. Recommend Discover or Ally as "hub" banks to pull to as they have real sizable daily limits going in or out.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
calmloki is online now  
Old 06-11-2020, 01:32 PM   #487
Thinks s/he gets paid by the post
jollystomper's Avatar
 
Join Date: Apr 2012
Posts: 3,567
Received email from Ally today at 3pm Eastern. Online savings account APR dropping from 1.25% to 1.10% effective 6/12.
__________________
FIREd date: June 26, 2018 - wwwwwwhat a rush!
jollystomper is offline  
Old 06-11-2020, 01:37 PM   #488
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,429
Quote:
Originally Posted by jollystomper View Post
Received email from Ally today at 3pm Eastern. Online savings account APR dropping from 1.25% to 1.10% effective 6/12.
I got that too. Totally expected.

I have a friend who is a mortgage broker and he sent me a text saying that he can book 30 year, 2.75% mortgages right now. He said he is swamped with refi's, not new mortgages.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline  
Old 06-11-2020, 02:18 PM   #489
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,979
Quote:
Originally Posted by aja8888 View Post
I got that too. Totally expected.

I have a friend who is a mortgage broker and he sent me a text saying that he can book 30 year, 2.75% mortgages right now. He said he is swamped with refi's, not new mortgages.
I always seem to get that Ally email a day later.
__________________
TGIM
Dtail is online now  
Old 06-11-2020, 02:19 PM   #490
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 2,180
Quote:
Originally Posted by aja8888 View Post
I have a friend who is a mortgage broker and he sent me a text saying that he can book 30 year, 2.75% mortgages right now. He said he is swamped with refi's, not new mortgages.
What is he quoting for 15 year?
njhowie is offline  
Old 06-11-2020, 03:05 PM   #491
Recycles dryer sheets
 
Join Date: Apr 2015
Posts: 282
Funny how the real estate market is right now in some area's of the country with this pandemic going on. Here in the Bay Area homes are selling over night. I just sold my deceased mother's million dollar home this week. Never even hit the MLS.

All because of record low rates.
Drake3287 is offline  
Old 06-12-2020, 12:17 PM   #492
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,232
I am really happy to have opened a GTE promo 3.04% 5 year add last August for me and my wife with a deposit of $500 each. As money is coming to maturity now I am moving the available money into it. I'll have a safe haven for the next 4+ years. Their early withdrawal penalty is 180 days so even withdrawing some money after one year, it would be the equivalent of a 1 year at 1.5% plus apparently there is no penalty for withdrawing any accumulated interest. Who would have thought back in the August interest rates would tank so badly.
__________________
I look to the present moment because that's where I live my life.
MJ is offline  
Old 06-12-2020, 01:16 PM   #493
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,979
Quote:
Originally Posted by MJ View Post
I am really happy to have opened a GTE promo 3.04% 5 year add last August for me and my wife with a deposit of $500 each. As money is coming to maturity now I am moving the available money into it. I'll have a safe haven for the next 4+ years. Their early withdrawal penalty is 180 days so even withdrawing some money after one year, it would be the equivalent of a 1 year at 1.5% plus apparently there is no penalty for withdrawing any accumulated interest. Who would have thought back in the August interest rates would tank so badly.
Did the same with GTE, but should have opened a separate one for the DGF and I vs. one joint one for $500. However also opened an IRA for 3.30% for the DGF.

Tempting to go over the NCUA limit with the rates are currently, plus could go lower, but not willing to risk any principle.
__________________
TGIM
Dtail is online now  
Old 06-16-2020, 12:14 PM   #494
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 2,180
"Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted to 1.05% from 1.30% APY."
njhowie is offline  
Old 06-16-2020, 01:53 PM   #495
Recycles dryer sheets
 
Join Date: Apr 2019
Location: Omaha
Posts: 59
Quote:
Originally Posted by njhowie View Post
"Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted to 1.05% from 1.30% APY."
Not a surprise either.
Oilcan is online now  
Old 06-16-2020, 02:16 PM   #496
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,979
Quote:
Originally Posted by njhowie View Post
"Effective today, the rate on our Marcus high-yield Online Savings Account has been adjusted to 1.05% from 1.30% APY."
Where do you think the composite low will be for online savings accounts?
I am thinking around 0.80%.
__________________
TGIM
Dtail is online now  
Old 06-16-2020, 04:44 PM   #497
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,826
We were headed for a reset with rates normalizing and a shot at a 4% 5yr CD. A chance to load up and hunker down but too many whiners thought any rate hike is bad, the markets spooked, the Fed rolled over and now has only nuclear options to boost the economy.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline  
Old 06-23-2020, 12:57 AM   #498
Full time employment: Posting here.
 
Join Date: Aug 2015
Posts: 832
Just did the $50k for $450 bonuses for each of us in a 360 account at Capital One. First time I ever got an offer to add to an existing account for a bonus vs having to be a new customer. They are also at 1.15%, so pulling $100k from our 2.0% HY savings still nets about $680 at the lower rate. In before 6/30 &out after 9/30.
Perryinva is offline  
Old 06-23-2020, 05:43 AM   #499
Dryer sheet aficionado
 
Join Date: Jan 2012
Location: LI NY
Posts: 43
Quote:
Originally Posted by Perryinva View Post
Just did the $50k for $450 bonuses for each of us in a 360 account at Capital One. First time I ever got an offer to add to an existing account for a bonus vs having to be a new customer. They are also at 1.15%, so pulling $100k from our 2.0% HY savings still nets about $680 at the lower rate. In before 6/30 &out after 9/30.
As of this morning, it is already down to 1%. When we opened it 6/1 it was 1.3%, but we were new accounts with each getting 500 in bonus. Still worth it for 3 months.
lauradrops is offline  
Old 06-23-2020, 05:47 AM   #500
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,429
Decisions.....let's see...I have an ALLY High Yield 2.85% CD maturing in late July. Renewal CD is at 1% for 12 months while their savings account interest rate sits at 1.1%. I wonder what I am going to do. LOL!
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline  
Closed Thread


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
Best CD & MM Rates Thread 2019 - Please post updates here almost there FIRE and Money 929 01-01-2020 11:09 AM
Noticed more people holding signs "need work or food" rayinpenn Other topics 3 05-03-2015 02:51 PM

» Quick Links

 
All times are GMT -6. The time now is 02:57 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.