Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 10-03-2020, 03:42 PM   #781
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 RetireAge50 View Post
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
That's a fairly good MM rate currently.
__________________
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 10-05-2020, 08:56 AM   #782
Recycles dryer sheets
retired1's Avatar
 
Join Date: Jun 2011
Posts: 233
With CD Rates so low for even longer duration, I'm diverting cash to broker MM accounts at Vanguard & Fidelity. No FDIC but some better yield.
retired1 is offline  
Old 10-05-2020, 09:00 AM   #783
Recycles dryer sheets
lucky penny's Avatar
 
Join Date: Jan 2010
Location: NYC
Posts: 347
Quote:
Originally Posted by retired1 View Post
With CD Rates so low for even longer duration, I'm diverting cash to broker MM accounts at Vanguard & Fidelity. No FDIC but some better yield.
Examples?
lucky penny is offline  
Old 10-05-2020, 09:55 AM   #784
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 29,159
Quote:
Originally Posted by retired1 View Post
With CD Rates so low for even longer duration, I'm diverting cash to broker MM accounts at Vanguard & Fidelity. No FDIC but some better yield.
MM funds at brokerages aren’t paying anything. You are better off going to high yield savings accounts at FDIC insured online banks.
__________________
Retired since summer 1999.
audreyh1 is online now  
Old 10-05-2020, 10:37 AM   #785
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 3,063
The usual bonus promo offers have been coming from banks that want you to open new accounts. I got a surprising one from my own bank last week - move $15,000 into your savings, leave it there for 60 days and you get a $100 bonus! That sounds like 4% to me. Easy enough.

I'm going to do this one later in the month so that the bonus (taxable) is posted in 2021. Due to some CARES Act unemployment this year we are getting close to the ObamaCare cliff. We both started Medicare this year but had a few months of ObamaCare subsidies before that and I don't want to have to pay those back.
__________________
Married, both 66. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline  
Old 10-05-2020, 10:54 AM   #786
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,307
Quote:
Originally Posted by Sue J View Post
The usual bonus promo offers have been coming from banks that want you to open new accounts. I got a surprising one from my own bank last week - move $15,000 into your savings, leave it there for 60 days and you get a $100 bonus! That sounds like 4% to me. Easy enough.

I'm going to do this one later in the month so that the bonus (taxable) is posted in 2021. Due to some CARES Act unemployment this year we are getting close to the ObamaCare cliff. We both started Medicare this year but had a few months of ObamaCare subsidies before that and I don't want to have to pay those back.
That sounds like the Chase offer, and it has to be new money.
So just move $15K to an outside bank, then the next week after opening the account move it to the new savings account.
I will make $200 doing this.

PNC had a nice offer too, tranfer in $5,000 and they paid me $300 , before the time is even up.

Easy way to make a total of $500 risk free.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline  
Old 10-05-2020, 11:08 AM   #787
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 3,063
I already have the savings account at the bank offering the bonus. But that one pays very little so we keep most of the cash at DiscoverBank. I have to go to a branch with the coupon code that came in an email and I'll transfer the $15,000 from DiscoverBank to my savings. This offer does not require a new savings account. It's designed for people who already have the savings account.

I got an email that says "You're really good at saving. Here's a little more on us. Earn $100 when you add new cash to your Huntington Premier Savings account and meet the requirements. Bring this email to a branch and show this coupon code."
__________________
Married, both 66. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline  
Old 10-05-2020, 03:14 PM   #788
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,307
^^^^ That is really good, I like when banks reward their existing customers.

Ally bank had that, rewarded their customers for moving $25K in for a few months, I got $250 + interest at a good rate for that 10 minute effort.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline  
Old 10-05-2020, 04:25 PM   #789
Recycles dryer sheets
 
Join Date: May 2015
Posts: 69
Quote:
Originally Posted by Sunset View Post

PNC had a nice offer too, tranfer in $5,000 and they paid me $300 , before the time is even up.
Is this offer still valid? I did an internet search but couldn't find the info about it. Could you point me to some info? I have an existing PNC account and was wondering if I could take advantage! Thanks!
BergLust is offline  
Old 10-05-2020, 10:46 PM   #790
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,307
Quote:
Originally Posted by BergLust View Post
Is this offer still valid? I did an internet search but couldn't find the info about it. Could you point me to some info? I have an existing PNC account and was wondering if I could take advantage! Thanks!
I found it listed here, it looks like it expired, but you can find lots of other promotions if you are keen.

https://www.hustlermoneyblog.com/best-bank-promotions/
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline  
Old 10-12-2020, 11:42 PM   #791
Recycles dryer sheets
 
Join Date: Oct 2020
Location: Sugar Land
Posts: 92
Does anyone use VIO Bank?
F.I.R.E User is online now  
Old 10-13-2020, 06:03 AM   #792
Full time employment: Posting here.
 
Join Date: Dec 2017
Posts: 558
^^^^ Me. I have their High-Yield Online Savings. I am happy with them.
__________________
FIREd at 59.5 on 2019-01-18
camfused is offline  
Old 10-13-2020, 11:50 AM   #793
Recycles dryer sheets
 
Join Date: Oct 2020
Location: Sugar Land
Posts: 92
Quote:
Originally Posted by camfused View Post
^^^^ Me. I have their High-Yield Online Savings. I am happy with them.
From what I know they lower the rates last compare to other banks. Are they the first ones to bring it up?
F.I.R.E User is online now  
Old 10-13-2020, 11:52 AM   #794
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,307
Quote:
Originally Posted by camfused View Post
^^^^ Me. I have their High-Yield Online Savings. I am happy with them.
.76% is a good rate for online savings, but their CD rates are very low - example 5yr at .5% - others are twice that rate.
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline  
Old 10-13-2020, 05:03 PM   #795
Recycles dryer sheets
SloHan's Avatar
 
Join Date: Aug 2017
Posts: 56
Best (Oct 2020)high-yield online savings accounts

Vio Bank - 0.76% APY
PNC Bank - 0.80% APY
Salem Five Direct - 0.80% APY
Bank5 Connect - 0.75% APY
Popular Direct - 0.75% APY
Citibank - 0.70% APY
Live Oak Bank - 0.70% APY
Pentagon Federal Credit Union - 0.70% APY
CIBC Bank - 0.70% APY
Sallie Mae Bank - 0.65% APY
Synchrony Bank - 0.65% APY
Alliant Credit Union - 0.65% APY


Source: BankRate.com
SloHan is offline  
Old 10-13-2020, 09:08 PM   #796
Full time employment: Posting here.
 
Join Date: Dec 2017
Posts: 558
Quote:
Originally Posted by F.I.R.E User View Post
From what I know they lower the rates last compare to other banks. Are they the first ones to bring it up?
I don't know, so far, I have only been on the down slope with them.
__________________
FIREd at 59.5 on 2019-01-18
camfused is offline  
Old 10-14-2020, 09:04 AM   #797
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,307
Quote:
Originally Posted by SloHan View Post
Best (Oct 2020)high-yield online savings accounts

Vio Bank - 0.76% APY
PNC Bank - 0.80% APY
Salem Five Direct - 0.80% APY
Bank5 Connect - 0.75% APY
Popular Direct - 0.75% APY
Citibank - 0.70% APY
Live Oak Bank - 0.70% APY
Pentagon Federal Credit Union - 0.70% APY
CIBC Bank - 0.70% APY
Sallie Mae Bank - 0.65% APY
Synchrony Bank - 0.65% APY
Alliant Credit Union - 0.65% APY


Source: BankRate.com
I was going to post how PNC is not so good:
I have PNC (to get the $300 bonus, which I did). They are NOT transparent about their rates and the rate you get depends upon whether you did jump through some hoops the previous month.
They made it all (to me) too stupidly complex.

But looks like they fell off the list of Bankrate.com:

Here are Bankrate's selections for the best savings account rates from top online banks (Savings account with $25,000 On Oct 14) :
Here are the best online savings account interest rates

  1. Best Overall Rate: Vio Bank - 0.83% APY
  2. High Rate: Popular Direct - 0.75% APY
  3. High Rate: Citibank - 0.70% APY
  4. High Rate: Synchrony Bank - 0.65% APY
  5. High Rate: Discover - 0.60% APY
  6. High Rate: Ally Bank - 0.60% APY
  7. High Rate: American Express National Bank - 0.60% APY
  8. High Rate: Barclays Bank - 0.60% APY
  9. High Rate: Marcus by Goldman Sachs - 0.60% APY
  10. High Rate: Comenity Direct - 0.60% APY
  11. High Rate: Citizens Access - 0.60% APY
  12. High Rate: CIT Bank - up to 0.55% APY
  13. High Rate: Capital One - 0.50% APY
  14. High Rate: PurePoint Financial - 0.40% APY
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline  
Old 10-14-2020, 09:11 PM   #798
Full time employment: Posting here.
 
Join Date: Dec 2017
Posts: 558
^^^ Viobank actually is .76% at the moment. Popular Direct is .70%. I did not check the rest.
__________________
FIREd at 59.5 on 2019-01-18
camfused is offline  
Old 10-15-2020, 05:33 PM   #799
Recycles dryer sheets
 
Join Date: Oct 2020
Location: Sugar Land
Posts: 92
I only keep $3k in my 6 months EF. So probably no reason to switch for few decimal points difference right?
F.I.R.E User is online now  
Old 10-15-2020, 05:49 PM   #800
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 F.I.R.E User View Post
I only keep $3k in my 6 months EF. So probably no reason to switch for few decimal points difference right?
Correct.
For example on 3k, the difference of 10 basis points (0.70 vs. 0.60) is $3 dollars yearly.
__________________
TGIM
Dtail is online now  
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 02:42 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.