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11-08-2020, 12:02 PM
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#841
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 397
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 Quote:
Originally Posted by JoeWras
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.
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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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11-09-2020, 06:58 AM
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#842
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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: 36,368
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Quote:
Originally Posted by RE2Boys
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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.
__________________
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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11-09-2020, 10:28 AM
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#843
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,262
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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. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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11-10-2020, 12:04 PM
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#844
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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: 8,327
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Here’s what can happen when fintech companies pretend to be banks. I never heard of these guys before.
Beam users still can’t get their money. Now the lawsuits have begun. https://www.cnbc.com/2020/11/10/beam...pyToPasteboard
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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11-10-2020, 12:16 PM
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#845
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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: 36,368
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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.
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The answer may have been technically correct but it was misleading and didn't properly answer the question.
__________________
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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11-17-2020, 08:40 AM
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#846
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 804
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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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11-17-2020, 10:51 AM
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#847
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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: 8,327
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Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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11-17-2020, 10:52 AM
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#848
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by jazz4cash
Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
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Arrrgggh!!!
__________________
Retired Class of 2018
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11-17-2020, 10:53 AM
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#849
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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: 11,298
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Quote:
Originally Posted by jazz4cash
Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
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Can Ally be far behind?
__________________
TGIM
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11-17-2020, 11:18 AM
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#850
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Recycles dryer sheets
Join Date: Jul 2018
Posts: 329
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Quote:
Originally Posted by jazz4cash
Goldman Sachs lowered the rate on their Marcus online savings from .6 to .50%
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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.
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11-17-2020, 02:14 PM
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#851
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 804
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Quote:
Originally Posted by Bruno
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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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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11-17-2020, 02:17 PM
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#852
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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: 38,141
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Quote:
Originally Posted by Dtail
Can Ally be far behind?
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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.
__________________
Retired since summer 1999.
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11-17-2020, 02:25 PM
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#853
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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: 11,298
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Quote:
Originally Posted by audreyh1
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.
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I have the same situation/timing at Ally. Will probably follow suit.
Thanks.
__________________
TGIM
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11-17-2020, 04:46 PM
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#854
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Recycles dryer sheets
Join Date: Mar 2013
Posts: 285
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Quote:
Originally Posted by audreyh1
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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I don't see this on the Ally website. Did you get this in an email or something else?
__________________
How can you tell when a cat is retired?
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11-17-2020, 04:58 PM
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#855
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Dryer sheet aficionado
Join Date: Jul 2016
Posts: 49
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Quote:
Originally Posted by Cat-tirement
I don't see this on the Ally website. Did you get this in an email or something else?
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https://www.ally.com/go/bank/15m-select-cd/
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11-17-2020, 05:24 PM
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#856
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Recycles dryer sheets
Join Date: Mar 2013
Posts: 285
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Quote:
Originally Posted by agh1
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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.
__________________
How can you tell when a cat is retired?
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11-17-2020, 05:36 PM
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#857
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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: 38,141
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Quote:
Originally Posted by Cat-tirement
I don't see this on the Ally website. Did you get this in an email or something else?
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It popped up when I accessed Ally Bank online recently. https://www.ally.com/go/bank/15m-select-cd/
__________________
Retired since summer 1999.
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11-17-2020, 05:40 PM
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#858
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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: 38,141
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Quote:
Originally Posted by Cat-tirement
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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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.
__________________
Retired since summer 1999.
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11-18-2020, 04:12 PM
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#859
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,588
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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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Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here
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11-18-2020, 08:18 PM
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#860
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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: 8,327
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Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here
Quote:
Originally Posted by Montecfo
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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Table scraps is so true. I’m 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 isn’t available for IRA?
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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