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Old 03-12-2020, 08:02 AM   #161
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+1 3.33% weighted average on credit union CDs and 5.82% on preferred stock portfolio, weighted average of 3.95% .... ~45% of portfolio but getting higher every day.
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Old 03-12-2020, 02:55 PM   #162
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Can't find a decent CD or savings account rate anywhere, so I signed up for another credit card for the $500 cash bonus if we charge $3K in the next 3 months. Also 1.5% cashback. I feel like a millionaire picking up coke bottles for the deposit money.

Just fyi, this was a Chase Ink Business Card. They mailed me the offer with a code on it I needed to enter in order to get the deal. So I don't know if it's generally available. We have a small business, so I assume that's why we got the offer.
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Old 03-13-2020, 08:37 AM   #163
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Ally just sent this:
https://www.ally.com/go/bank/bonus/?CP=EML400001698

Rates dropping to 1.5%, but a 1% bonus (up to $250) for moving money to them. $250 for moving $25k in, plus the 1.5% interest.
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Old 03-13-2020, 08:40 AM   #164
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Hmmmm - a bunch of my funds are tied up in short-term CDs, and I am close to FDIC limit at Ally already as I bought several CDs earlier this year. I got the email.

Oops, they just dropped their no-penalty CD rate to 1.75% from 1.90% for $25K level. My CDs are maturing and rolling over on Monday! At least I get a .05% bonus for the automatic rollover, but I’ll be 1.8% instead of the hoped for 1.95%. Not a huge difference in terms of $$.
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Old 03-13-2020, 09:06 AM   #165
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That 1.25% or less for FZDXX might not be TOO bad right now. I moved 100k from FZDXX into a couple of dividend funds and lost 10k. This was in my IRA and wanted to put it to work. I have learned my lesson.
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Old 03-13-2020, 09:10 AM   #166
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That 1.25% or less for FZDXX might not be TOO bad right now. I moved 100k from FZDXX into a couple of dividend funds and lost 10k. This was in my IRA and wanted to put it to work. I have learned my lesson.
FZDXX will continue to drop in yield, just FYI.
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Old 03-13-2020, 09:47 AM   #167
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FZDXX will continue to drop in yield, just FYI.
I got a mailier today from Discover 12 Mo CD for 2%. I logged on and its down to 1.75%. Called in and Discover said they would honor the 2%. Anything better out there?
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Old 03-13-2020, 10:10 AM   #168
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Originally Posted by audreyh1 View Post
Hmmmm - a bunch of my funds are tied up in short-term CDs, and I am close to FDIC limit at Ally already as I bought several CDs earlier this year. I got the email.

Oops, they just dropped their no-penalty CD rate to 1.75% from 1.90% for $25K level. My CDs are maturing and rolling over on Monday! At least I get a .05% bonus for the automatic rollover, but Iíll be 1.8% instead of the hoped for 1.95%. Not a huge difference in terms of $$.
I'm in the same situation where my CD rolls over on Monday! But I never got an email! Hmmmm.
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Old 03-13-2020, 10:10 AM   #169
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I got a mailier today from Discover 12 Mo CD for 2%. I logged on and its down to 1.75%. Called in and Discover said they would honor the 2%. Anything better out there?
Is this mailer in snail mail or email?
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Old 03-13-2020, 10:21 AM   #170
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Is this mailer in snail mail or email?
It was Snail mail. phone number to call was 877-272-8093. Discover told me they would honor 2% flyer offer till April 4. I wonder it they keep track of who all they send those flyers too? Might be worth the call and use the 2%.

PS said new account would show 1.75 for about 30 days until it updated.
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Old 03-13-2020, 10:36 AM   #171
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Anything better out there?
Well, if you are looking at a jumbo CD, these guys have very good rates:
[mod edit: scam site]

9-Month No Penalty 3.2% for $500,000 minimum
12-Month No Penalty 3.04% for $200,000 minimum

15-60 Months $200k-$500k for 3.14%-3.56%

It is through Synovus and they are well known.
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Old 03-13-2020, 11:17 AM   #172
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The bank I work for lowered rates Monday. No word on guidance but likely to hell in a hand basket.
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Old 03-13-2020, 11:30 AM   #173
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[QUOTE=njhowie;2386482]Well, if you are looking at a jumbo CD, these guys have very good rates:
[mod edit: scam site]

Renewed one of my Jumbo several months ago but have another one coming out in Sept.
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Old 03-13-2020, 01:27 PM   #174
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Originally Posted by audreyh1 View Post
Hmmmm - a bunch of my funds are tied up in short-term CDs, and I am close to FDIC limit at Ally already as I bought several CDs earlier this year. I got the email.

Oops, they just dropped their no-penalty CD rate to 1.75% from 1.90% for $25K level. My CDs are maturing and rolling over on Monday! At least I get a .05% bonus for the automatic rollover, but Iíll be 1.8% instead of the hoped for 1.95%. Not a huge difference in terms of $$.
Too late now, but you could've opened new CD's at Ally this week, but not funded them (as a hedge in case the rates dropped before Monday). It's nice Ally gives you 10 days to fund CD's once opened, and the rate is guaranteed for that period. If you end up not funding them, the unfunded CD accounts just close and disappear in a couple of months. Yes, you would've lost the rollover bonus, but it looks like you would've been slightly ahead given the rate drop.
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Old 03-13-2020, 01:35 PM   #175
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Originally Posted by audreyh1 View Post
Hmmmm - a bunch of my funds are tied up in short-term CDs, and I am close to FDIC limit at Ally already as I bought several CDs earlier this year. I got the email.

Oops, they just dropped their no-penalty CD rate to 1.75% from 1.90% for $25K level. My CDs are maturing and rolling over on Monday! At least I get a .05% bonus for the automatic rollover, but Iíll be 1.8% instead of the hoped for 1.95%. Not a huge difference in terms of $$.
Locked in 3 new CD's at Ally for the 1.90% 2 days ago, but lost out by 1 day getting a 5 yr 2.15% CD.
Timing is everything.
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Old 03-13-2020, 01:44 PM   #176
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I'm in the same situation where my CD rolls over on Monday! But I never got an email! Hmmmm.
Note, the 1% Ally bonus only counts for new money coming into Ally. If you read thru all the details, they will calculate the net inflow to determine the bonus amount.

Doh, I just added over $100K to Ally CD's in the last 10 days, before the bonus announcement. But, I did get the higher rates. Seems like the last rate drop coincided with the bonus offer.

If it's any consolation, the 1% is capped at $250, which works out to $25,000 of new money.
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Old 03-13-2020, 01:45 PM   #177
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Well, if you are looking at a jumbo CD, these guys have very good rates:
[mod edit: scam site]

9-Month No Penalty 3.2% for $500,000 minimum
12-Month No Penalty 3.04% for $200,000 minimum

15-60 Months $200k-$500k for 3.14%-3.56%

It is through Synovus and they are well known.
These are great rates even if the requirement is large. They have an office 15 minutes from me.
Will keep them in mind for future references.
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Old 03-13-2020, 02:39 PM   #178
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Ally is offering $250 for deposits until later in March.

I’m giving up on my TBills for a while and transferring there (they just lowered savings rate from 1.60% to 1.50%) anyways, and the extra $250 is nice!
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Old 03-13-2020, 03:07 PM   #179
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I just closed my 5/3 checking account. Balance has to be zero to do it over the phone, but they didn't hassle me or transfer me to a "remediation specialist". Took about 10 minutes. It cost me $3 to transfer the $750 to my current bank, so only earned $247 off of my $500 investment.
.
Anytime, I do a bank bonus promo, the first thing I do is link my Ally account to it so I can use Ally to pull my money out before I close the account. Easy peasy.
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Old 03-13-2020, 03:57 PM   #180
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Locked in 3 new CD's at Ally for the 1.90% 2 days ago, but lost out by 1 day getting a 5 yr 2.15% CD.
Timing is everything.

I just renewed 3 one-year Ally CDs for 2.05% (including the bonus). I have one more from there coming up for renewal in May. Now with the lower rate just after my last renewal, I hope there's a deal when the time comes around for the next one. I thought 2.05% was bad enough since they had been 2.7 to 2.75%.
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