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Old 09-24-2020, 12:35 PM   #761
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Oh great! That will be the lowest Iíve ever had from them. I think during the 2013-2016 period they didnít drop through 0.7%.
Ally sent email - dropping to 0.6% too.
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Old 09-24-2020, 12:45 PM   #762
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Ally sent email - dropping to 0.6% too.
Is that the lowest rate you have seen from Ally?
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Old 09-24-2020, 02:15 PM   #763
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Just got 1.51% for a 60 month CD at a local midwest bank. Transferred a matured CD balance from a credit union to the bank. Around here, the credit unions usually outpace the banks. Not this time. I even asked the credit union if they would 'match' the rate at the bank. They bumped their rate up a little, but not enough to match.
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Old 09-24-2020, 04:23 PM   #764
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Is that the lowest rate you have seen from Ally?
Iíve only had Ally for maybe 3 years.

I notice that at depositsaccounts.com they show rate history if you can get to the overview page for an institution.
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Old 09-24-2020, 04:27 PM   #765
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Ally sent email - dropping to 0.6% too.
CFG hanging tough at .90 for now.
My loose change going there.
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Old 09-24-2020, 05:16 PM   #766
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LOL! Love your quote (but...easier said than done!): "Never slow down, never grow old!"
From Tom Petty's "Last Dance with Mary Jane".

A group of friends we camp with 2-3 times a year had it printed on sweat shirts 25 years ago. We still wear them when camping.

At 65, the camping is harder. Last time we rented a full size RV!

FWIW, I actually had to check the date on the shirt. 1995, when most of us turned 40.
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Old 10-01-2020, 06:34 AM   #767
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I logged into my Cap One account just now and didn't see any evidence of this. The posted rate is still 0.65%. Maybe they announced the move down to 0.5% but it hasn't happened yet? Where did you see this?
It was on my online statement, back then. Now down to 0.4%. Just transferred all but $10 in my accounts back to my DERI account, which is still paying 1.75%. I expect the bonuses will take a few days. So while $100k would get me $160 a month in interest at DERI (though they do subtract withholding tax, so no compounding of the interest, which is a minor amount), CapitalOne360 paid $50, this last month, and $60 the month before. So their $900 bonus on $100k actually netted about $620 before taxes.
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Those pesky daily limits
Old 10-01-2020, 06:40 AM   #768
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Those pesky daily limits

I was trying to move some cash into CFG bank and I hit a problem with daily limits. Never occurred to me that a bank would limit INBOUND cash. But they do.

I complained and they increased my limit so if could move my funds using ACH. But it was a one-time thing. At least I got it done.

The limit was $5k per day and $30k per month of I recall. Not hospitable to rate surfing.
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Old 10-01-2020, 07:10 AM   #769
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So while $100k would get me $160 a month in interest at DERI (though they do subtract withholding tax, so no compounding of the interest, which is a minor amount),


Could you explain this withholding tax subtraction? Iím possibly interested in a DERI account and want to understand this.
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Old 10-01-2020, 08:01 AM   #770
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What is a DERI account?
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Old 10-01-2020, 08:39 AM   #771
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What is a DERI account?

Dominion Energy Reliability Investment (DERI) is an investment product backed by Dominion Energy. Under this program, Dominion Energy borrows directly from investors and, in return, they receive a competitive floating interest rate and easy access to their money.
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Old 10-01-2020, 11:19 AM   #772
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It was on my online statement, back then. Now down to 0.4%.
I think we must be talking about different types of Cap One accounts. I have a 360 Performance savings account, and the rate is currently 0.5%. At this point, the tiny differences in APR aren't worth worrying much about, but I'll probably go ahead and transfer the balance over to Ally while I'm logged in.
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Old 10-02-2020, 02:01 AM   #773
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Dominion Energy Reliability Investment (DERI) is an investment product backed by Dominion Energy. Under this program, Dominion Energy borrows directly from investors and, in return, they receive a competitive floating interest rate and easy access to their money.
Well, if folks are pitching DERI as a CD/MM/HY savings alternative, then they should also check out the UHaul Investors Club. They likewise borrow money directly from investors and make it available to franchisees for investment in their businesses. It's entirely asset-backed. The company has never defaulted on any of these. The info on them is available both on UHaul's website as well as through sec.gov.

The current rates offered are quite low relative to those over the past couple of years, but that's the environment we're in.

https://www.uhaulinvestorsclub.com/I...tOpportunities
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Old 10-02-2020, 06:22 AM   #774
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Maybe we need a separate thread for non-FDIC investment alternatives. Rates are so low itís natural to look around to evaluate some of these.
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Old 10-02-2020, 09:07 AM   #775
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Maybe we need a separate thread for non-FDIC investment alternatives. Rates are so low itís natural to look around to evaluate some of these.

+1 on the need for a separate thread.

Let's just be careful out there. Losing one's money is a lousy way of fighting back against low interest rates.
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Old 10-02-2020, 10:06 AM   #776
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+1 on the need for a separate thread.

Let's just be careful out there. Losing one's money is a lousy way of fighting back against low interest rates.
+1 for both
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Old 10-02-2020, 11:41 AM   #777
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I've never heard of DERI or the Uhaul investors, is this common and does it have a common name? I started reading the Uhaul link and it was interesting. Don't know if I'd invest but never knew this investing existed. Thanks, learned something new.
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Old 10-02-2020, 01:06 PM   #778
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I've never heard of DERI or the Uhaul investors, is this common and does it have a common name? I started reading the Uhaul link and it was interesting. Don't know if I'd invest but never knew this investing existed. Thanks, learned something new.
I've seen the DERI type referred to as corporate note programs. Uhaul is called direct investment or alternative investment program. I've started a thread just for this topic
https://www.early-retirement.org/for...ms-105827.html
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Old 10-03-2020, 03:17 AM   #779
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Mine Capitalone360 is their Money Market account. They have been yearly offering cash bonus for 90 day deposits. Last year it was $500/$50000, and this year it was $450/$50000. But last year their rates didnt change during the promotion, and this year they dropped from 1.4% to 0.4%
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Old 10-03-2020, 02:49 PM   #780
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T-Mobile money pays 1% and is FDIC insured. I think this was mentioned here earlier but wanted to add that it does not require you to be a cell phone customer.

https://www.t-mobilemoney.com/en/faq.html
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