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Old 09-05-2020, 02:34 PM   #721
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We decided to apply for a Costco Citi card a week ago. It took them a week to approve with only a credit limit of $5,000. Our credit score is ~830.
After they removed the travel coverage, I only use my Costco Citi card for buying Costco gas, and in the future warrantied items for the warranty extension.

I have a BOA card that pays more than the Costco card for purchases in Costco and everywhere else, that is why I don't use the Costco card in Costco.
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Old 09-05-2020, 05:14 PM   #722
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Thanks. Never heard of this place right in my backyard. Looks like a solid community bank. No IRAs online, though.
They just dropped to .80%.

That's the way of the world.

I got a pretty good CD there as I said, but that was a while back. I think as these mature they are going back to some ST bind funds.
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Old 09-05-2020, 10:40 PM   #723
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They just dropped to .80%.

That's the way of the world.

I got a pretty good CD there as I said, but that was a while back. I think as these mature they are going back to some ST bind funds.
Yes quite a bind these days...
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Old 09-06-2020, 07:08 AM   #724
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Yes quite a bind these days...
Yes. Can only hope the bind is in fact ST.

I try to avoid long-term binds.
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Old 09-06-2020, 02:21 PM   #725
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I have no first-hand knowledge of Citi's online savings accounts, but I have read numerous posts on several different forums (including here at e-r.org, I think) that Citi is one of the worst at paying sign-up bonuses in a timely fashion. Many different kinds of problems and issues have been reported. I would advise you to do more research on this offer before taking the plunge.
Thanks for the tip. I will research a little bit more. As an aside, CapitalOne360 already gave me the bonus that was offered. I think it ended up bing something like 5 days after meeting the required timeframe for the bonus! I was impressed! I'll close that account soon.
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Old 09-06-2020, 02:23 PM   #726
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Thanks for the tip. I will research a little bit more. As an aside, CapitalOne360 already gave me the bonus that was offered. I think it ended up bing something like 5 days after meeting the required timeframe for the bonus! I was impressed! I'll close that account soon.
I just took out everything other than $100 rather than close it... if their rates get competitive or they have another bonus offer then i'll be all set.
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Old 09-06-2020, 02:35 PM   #727
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I just took out everything other than $100 rather than close it... if their rates get competitive or they have another bonus offer then i'll be all set.
I know you checked on this, pb4, so my comment is in general.

Be careful about leaving small amounts in accounts! Some banks have punitive "monthly service fees" on low balances. You have to read the most current fine print. Most of the on-line banks are OK. Some of the brick and mortar banks have outrageous fees if you don't keep a balance of 2 to 5k. That $100 can be drained away in a matter of a few months. Many of these fees were added in recent years and awareness may have been missed.
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Old 09-06-2020, 02:41 PM   #728
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I know you checked on this, pb4, so my comment is in general.

Be careful about leaving small amounts in accounts! Some banks have punitive "monthly service fees" on low balances. You have to read the most current fine print. Most of the on-line banks are OK. Some of the brick and mortar banks have outrageous fees if you don't keep a balance of 2 to 5k. That $100 can be drained away in a matter of a few months. Many of these fees were added in recent years and awareness may have been missed.
Actually, I hadn't checked that Joe, but it crossed my mind to do so. I will check but was being lazy and would have closed it at the first charge.

ETA:
I think I'm safe:
Quote:
Fees - The following fees may be charged to your account:
  • If we agree to process an outgoing domestic wire transfer for you, the cost per wire will be $30.00.
  • A statement copy charge of $5 per statement will be charged for statements generated within the last 2 years.
  • If you present us with a foreign check, we will not charge a fee, but the paying bank may deduct a fee from the proceeds.
  • A Cashier's check purchased at a Capital One location is $10.00.
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Old 09-06-2020, 08:50 PM   #729
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Actually, I hadn't checked that Joe, but it crossed my mind to do so. I will check but was being lazy and would have closed it at the first charge.
I had a look at this before I put the request in to move my money back to Ally. Here are the details.

Ally is my "hub" because they allow their online account to be held in the name of the trust. From what I understand, CapitalOne360 does not. So, if I ever go back to CapitalOne360 it'll just be for a short term bonus play...which in that case, the earlier I close the account, the better to try and avoid "time since last holding an account" issue in the T&C. :-)
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Old 09-07-2020, 04:35 AM   #730
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Here's one set of rules from a brick and mortar bank, PNC. Just be aware when moving around the cash. Check your bank.

https://www.pnc.com/content/dam/pnc-...ceChargesA.pdf
Quote:
Performance Checking
Minimum Deposit to Open .................................... $25.00
Monthly Service Charge ....................................... $15.00
No Monthly Service Charge if you meet any one of the
following:
● $2,000.00 average monthly balance in this account
<etc., other rules>
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Old 09-09-2020, 12:03 PM   #731
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Marcus moves to 0.60%

"We’re writing to let you know that effective today, the rate on our Marcus Online Savings Account has been adjusted to 0.60% from 0.80% APY"
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Old 09-09-2020, 12:15 PM   #732
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Marcus moves to 0.60%

"We’re writing to let you know that effective today, the rate on our Marcus Online Savings Account has been adjusted to 0.60% from 0.80% APY"
Ally can't be far behind.
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Old 09-09-2020, 01:58 PM   #733
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Droppin' like rocks!
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Old 09-09-2020, 02:55 PM   #734
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Marcus moves to 0.60%



"We’re writing to let you know that effective today, the rate on our Marcus Online Savings Account has been adjusted to 0.60% from 0.80% APY"


Dayum. That was fast. It makes the .10% AARP bonus more valuable, though.
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Old 09-09-2020, 04:07 PM   #735
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Dayum. That was fast. It makes the .10% AARP bonus more valuable, though.
I'm considering joining AARP just for that.
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Old 09-09-2020, 04:26 PM   #736
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I'm considering joining AARP just for that.
It's come down to 10 bps types of decisions.
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Old 09-09-2020, 05:42 PM   #737
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Dayum. That was fast. It makes the .10% AARP bonus more valuable, though.
Percentage wise, yes, but it still amounts to $1 per $1000. I really like how I don't get much junk snail mail anymore. Do I really want to join AARP and change that? Not unless someone convinces me that has changed.

I moved my cash out of VG's MM fund to Penfed's Premium Savings (0.80%) but I'm not going to keep bouncing around for a fraction of a percent. And I'm not going to lock in on a CD either, unless it has no penalties for pulling all money out.
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Old 09-09-2020, 05:50 PM   #738
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Methinks folks are posting here because they are bored!

Anything under 1 - 2% are not worth posting.
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Old 09-09-2020, 06:08 PM   #739
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Anything under 1 - 2% are not worth posting.
You want this thread to go dark?
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Old 09-09-2020, 07:06 PM   #740
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Percentage wise, yes, but it still amounts to $1 per $1000. I really like how I don't get much junk snail mail anymore. Do I really want to join AARP and change that? Not unless someone convinces me that has changed.

I moved my cash out of VG's MM fund to Penfed's Premium Savings (0.80%) but I'm not going to keep bouncing around for a fraction of a percent. And I'm not going to lock in on a CD either, unless it has no penalties for pulling all money out.


Wow. Tough crowd. I don’t get much junk mail from AARP, I wasn’t advocating for joining to get the bonus, and I’m not trying to change your mind. I just thought it might remind some readers that didn’t know about it or never got around to signing up.
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