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Old 11-08-2020, 01:02 PM   #841
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Ah, so the account I log onto is probably in my SS # "WITH DW." I'd have to get her a log in (she doesn't really like this stuff), and have her buy an I-bond from that account "WITH ME."

That makes sense that the primary name SS # is the limiting factor.
Make sure you set up her account a few days before you want to buy, , as I remember it took a little while to prove out the outside account to enable buying from it. Don't wait until the 29th or 30th or you may be unhappy.
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Old 11-09-2020, 07:58 AM   #842
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Maximum I bonds through refund is $5K.

https://www.irs.gov/refunds/now-you-...our-tax-refund
Is the $5k limit per return or per taxpayer? (So MFJ could do 2 * $5k).

Also, given how slow they have been to process returns and refunds I might be hesitant.
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Old 11-09-2020, 11:28 AM   #843
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I recently got a Freedom Flex card from Chase, and now have the 20,000 bonus points in my account. Yea!

Now I will rake in the big cash by getting 4% for groceries for the first year. I figure that will beat the heck out of the picayune interest the same bank would give me on a one year CD for the same amount as I spend on groceries.
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Old 11-10-2020, 01:04 PM   #844
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Hereís what can happen when fintech companies pretend to be banks. I never heard of these guys before.

Beam users still canít get their money. Now the lawsuits have begun. https://www.cnbc.com/2020/11/10/beam...pyToPasteboard
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Old 11-10-2020, 01:16 PM   #845
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IMO, it was fradulent for Beam to assert that deposits with them were FDIC insured... Beam's deposits with FDIC-insured banks were obviously FDIC-insured, but not Beam's customer's deposits to Beam.

Quote:
Is my money FDIC-insured?

Yes, funds deposited through Beam are ALWAYS FDIC-insured by member banks to the full amount.
The answer may have been technically correct but it was misleading and didn't properly answer the question.
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Old 11-17-2020, 09:40 AM   #846
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Thank you for the Ibonds idea; have several CDs maturing soon and this is a great place to keep some money.
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Old 11-17-2020, 11:51 AM   #847
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Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
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Old 11-17-2020, 11:52 AM   #848
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Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
Arrrgggh!!!
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Old 11-17-2020, 11:53 AM   #849
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Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
Can Ally be far behind?
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Old 11-17-2020, 12:18 PM   #850
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Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
Me too.. I just moved 50k last week from CIT bank to Marcus. Probably a waste of time to move it to Discover paying .55.
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Old 11-17-2020, 03:14 PM   #851
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Me too.. I just moved 50k last week from CIT bank to Marcus. Probably a waste of time to move it to Discover paying .55.
That .05% will net you $5 per year per $10,000 deposited, so $25. Only you can determine if its worth the effort.
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Old 11-17-2020, 03:17 PM   #852
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Can Ally be far behind?
Ally posted a special 15 month CD at 0.7% guaranteed through 2/10/21. I may rollover some of my Jan maturing no penalty CDs to this and pick up the 0.05% loyalty rate bonus.
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Old 11-17-2020, 03:25 PM   #853
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Ally posted a special 15 month CD at 0.7% guaranteed through 2/10/21. I may rollover some of my Jan maturing no penalty CDs to this and Pick uo the 0.05% loyalty bonus.
I have the same situation/timing at Ally. Will probably follow suit.
Thanks.
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Old 11-17-2020, 05:46 PM   #854
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Ally posted a special 15 month CD at 0.7% guaranteed through 2/10/21. I may rollover some of my Jan maturing no penalty CDs to this and pick up the 0.05% loyalty rate bonus.

I don't see this on the Ally website. Did you get this in an email or something else?
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Old 11-17-2020, 05:58 PM   #855
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I don't see this on the Ally website. Did you get this in an email or something else?

https://www.ally.com/go/bank/15m-select-cd/
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Old 11-17-2020, 06:24 PM   #856
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Thanks.
I've got a CD maturing on Feb 12, and this expires on Feb 10. I wonder if I will be able to designate this as a rollover a few days before.
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Old 11-17-2020, 06:36 PM   #857
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I don't see this on the Ally website. Did you get this in an email or something else?
It popped up when I accessed Ally Bank online recently. https://www.ally.com/go/bank/15m-select-cd/
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Old 11-17-2020, 06:40 PM   #858
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Thanks.
I've got a CD maturing on Feb 12, and this expires on Feb 10. I wonder if I will be able to designate this as a rollover a few days before.
I’m not sure. The rate might change after 2/10/21 and it’s not clear that you can lock it in if rolling over after that date.

I’ve set up to rollover before, but missed a higher rate by just a few days prior to maturity.
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Old 11-18-2020, 05:12 PM   #859
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Reading the latest posts I'm saddened that we have been reduced to these table scraps, but this is the market.

Looks like mine will be going into ST bonds. Just glad a went long-term on some CDs a bit over a year ago.
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Old 11-18-2020, 09:18 PM   #860
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Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here

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Reading the latest posts I'm saddened that we have been reduced to these table scraps, but this is the market.

Looks like mine will be going into ST bonds. Just glad a went long-term on some CDs a bit over a year ago.


Table scraps is so true. Iím gonna dip into the MYGA pool (2-3%) but will also use the well concealed Ally 15 mo CD. Thanks for the tip there. The way rates are dropping its great to know it is planned to be available til 2/10/21.


Edit: oh wait. This isnít available for IRA?
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