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03-09-2020, 02:51 PM
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#141
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 393
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Quote:
Originally Posted by CardsFan
On a side note, does anyone know if the regular CD's offered by NFCU are add-on, like these specials? They still are offering 2% CD's, which looks pretty good right now, and I have some other CD's maturing over the next few months. If they are add-on, it might make sense to fund one now with seed money for the future additions.
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Unless it says add-on, I don't think they are. That said, sometimes in the IRA season,( Dec 15-April15) they allow you to add new money to existing IRA CD's. This is year to year and not guarenteed(per CSR about 2 1/2 week ago). I was able to add to a 3.2% CD, so I was happy(It was not an add-on CD). My 3.75% was already full up to add on limit.(This was on a Roth Conversion)
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03-09-2020, 03:33 PM
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#142
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
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I just called Navy this morning and neither our non-IRA 3.5% CDs from 8/19 nor the 3% from 6/19 are Add-on. Bummer, as they are all small CDs so if we needed to fund something we would break a minimum amount. Going to have to stick money in the GTE 3% we've been holding in the back pocket. The 3% is now looking pretty good.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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03-09-2020, 03:45 PM
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#143
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Recycles dryer sheets
Join Date: Oct 2015
Posts: 198
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Just bought a 2.41% 60 month and a 2.01% 23 month CD this morning at a local bank. Not big, as I have my "CD monies" pretty much already locked up and committed. But something is better than nothing. And I'm filling in some of the blank spots on my CD ladder that I started a year or so ago.
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03-09-2020, 03:54 PM
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#144
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Quote:
Originally Posted by calmloki
I just called Navy this morning and neither our non-IRA 3.5% CDs from 8/19 nor the 3% from 6/19 are Add-on. Bummer, as they are all small CDs so if we needed to fund something we would break a minimum amount. Going to have to stick money in the GTE 3% we've been holding in the back pocket. The 3% is now looking pretty good.
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I left them a secure message asking the same thing but I suspect that the answer is no because I bought mine the same time as you and I have a faint recollection of calling and asking back a few months ago when I was adding some money to my GTE Financial 3% IRA CD.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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03-09-2020, 11:34 PM
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#145
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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Current yields:
Fidelity SPAXX = 1.03%
Fidelity FNFXX = 1.00%
Fidelity FZFXX = 1.00%
Fidelity FDRXX = 1.08%
All will be sub-1.0% by month end.
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03-10-2020, 05:25 AM
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#146
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Quote:
Originally Posted by njhowie
Current yields:
Fidelity SPAXX = 1.03%
Fidelity FNFXX = 1.00%
Fidelity FZFXX = 1.00%
Fidelity FDRXX = 1.08%
All will be sub-1.0% by month end.
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Still have their premium MM fund FZDXX at 1.42%.
__________________
TGIM
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03-10-2020, 05:28 AM
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#147
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Quote:
Originally Posted by Dtail
Still have their premium MM fund FZDXX at 1.42%.
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No, it’s not yielding that. It’s down to 1.33% as of yesterday. These are all dropping fast.
Here is a useful Fidelity link to see all current yields https://fundresearch.fidelity.com/mu...pricing-yields
__________________
Retired since summer 1999.
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03-10-2020, 05:34 AM
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#148
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Looked it up on the internet, but it appears to be at 1.33% on Fidelity.
__________________
TGIM
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03-10-2020, 05:49 AM
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#149
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Recycles dryer sheets
Join Date: Jun 2013
Location: Chattanooga
Posts: 497
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vmmxx now 1.53% - probably dropping soon
__________________
Currently SKI-ing (spending the Kids' Inheritance)
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03-10-2020, 06:55 AM
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#150
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Discover Bank dropped to 1.6% when I looked at it yesterday.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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03-10-2020, 07:07 AM
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#151
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Thinks s/he gets paid by the post
Join Date: Apr 2008
Posts: 1,992
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Waiting for our credit union's money market rate to drop from the current 1.65%. I don't think I've ever seen them drop rates in the middle of a month, but this month might prove to be an exception. Their one-year CD is 1.5%, but then they tend to offer good rates on their money market account while not so much on their CDs.
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03-10-2020, 07:43 AM
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#152
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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Anybody heard of an outfit called Fidelity Financial
They re running an ad in the Wash Post for 12 month CD @ 3.05 w/ FDIC. No website listed ...looks sketchy. I called them up and spoke to a rep. They offer brokered CDs from FDIC banks for taxable funds. They use some other product for IRA, probably a MYGA. Investment funds are made payable to the bank and not the broker so you dont have an ongoing relationship with the broker. Im curious/interested and might consider placing a tiny amour through them.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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03-10-2020, 07:47 AM
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#153
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Dave J
Unless it says add-on, I don't think they are. That said, sometimes in the IRA season,( Dec 15-April15) they allow you to add new money to existing IRA CD's. This is year to year and not guarenteed(per CSR about 2 1/2 week ago). I was able to add to a 3.2% CD, so I was happy(It was not an add-on CD). My 3.75% was already full up to add on limit.(This was on a Roth Conversion)
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Some of the specials are add one. Easy start CDs are always add one. The variable CD allows you to add money on the anniversary date.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-10-2020, 11:10 AM
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#154
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 998
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Just opened a 17 mo. at Navy Federal with $50.00
Pays 2.25%. $75k max dep. I believe.
As my last 17 month at NF is due in 3 months.
But it was at 3.25%
With the way things have been going, might as well.....
Cheap ins.
Hard to believe a 40 month was 3.75 150k max
and 5yr was 3.5% in 2019.............
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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03-10-2020, 01:42 PM
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#155
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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What looks Meh today will look great after awhile.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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03-10-2020, 01:48 PM
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#156
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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Went in yesterday and set up my Fifth Third checking account to get the $500 bonus, then came home and read that they had been doing the same fake account thing as Wells Fargo. Oh well, as long as I get my cash I'll be happy. Works out to 12.5% annually over the required 3 months. I'll do that as many times as I get the opportunity.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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03-10-2020, 01:49 PM
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#157
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
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Quote:
Originally Posted by Dave J
Unless it says add-on, I don't think they are. That said, sometimes in the IRA season,( Dec 15-April15) they allow you to add new money to existing IRA CD's. This is year to year and not guarenteed(per CSR about 2 1/2 week ago). I was able to add to a 3.2% CD, so I was happy(It was not an add-on CD). My 3.75% was already full up to add on limit.(This was on a Roth Conversion)
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Here is what I found out about my 3.5% NFCU Traditional IRA CD. It is not an add-on CD.... but, under a promotional add-on option they are currently allowing additional deposits until 4/30/2020. So I am in the process of doing the paperwork to top it up to the FDIC limit.
Quote:
Unfortunately, you will not be able to add funds to your IRA certificate ending in xxxx at any time because the certificate is a fixed term that is not at maturity. Certificates that allow additional deposits throughout their term are:- EasyStart
- Special EasyStart
- SaveFirst
- Some promotional certificates
All other certificates have fixed terms, you may only make additional deposits within your 21-day grace period after maturity; however, we are currently offering a promotion IRA Add-On where you may deposit to your fixed term IRA certificate. The minimum we allow for IRA Add-On is $500.00 and there is no limit. Please note your contributions are subject to limits set by the IRS. The promotional IRA Add-On option will expire on 04/30/2020. After this date, you will not be able to add funds to existing fixed term IRA certificates until the 21-day grace period after maturity.
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__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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03-10-2020, 05:57 PM
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#158
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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Varo (fintech):
https://www.varomoney.com/savings-account/
1.92% savings - no requirements
2.8% savings:
Quote:
To earn 2.80% APY, meet these three requirements in the same calendar month:
- Make at least five Varo VisaŽ Debit Card purchases in each calendar month,
- Receive total direct deposits of $1,000 or more in the same calendar month,
AND- Keep a Savings Account balance up to $50,000. You read that right. We have a $50,000 maximum to earn our higher APY, but no minimum balance requirement.
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03-12-2020, 02:14 AM
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#159
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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Quote:
Originally Posted by njhowie
Current yields:
Fidelity SPAXX = 1.03%
Fidelity FZFXX = 1.00%
Fidelity FDRXX = 1.08%
All will be sub-1.0% by month end.
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Fidelity SPAXX = 0.91%
Fidelity FZFXX = 0.95%
Fidelity FDRXX = 1.01%
I'm reading market expectation is 100% for another interest rate cut at next week's Fed meeting. Only question is if they cut 0.5% or 0.75%. This will likely push all HY savings accounts to 1.0% and lower soon after. All new CDs up to 5 years will likely go below 1%.
Things are about to get ugly very quickly.
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03-12-2020, 06:00 AM
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#160
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,654
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Makes our ~4% from early last year look good. We are getting 3.82% average return.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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