Best CD, MM Rates & Bank Special Deals Thread 2021 - Please post updates here

[Happyras]

Quote:

Originally Posted by aja8888 "Banana" is my favorite answer to those kinds of questions.

Could you give me your last 4 of the SSN?

[audreyh1]

Quote:

Originally Posted by Golden sunsets Yeah. I wouldn't call it complicated. I'd call it extremely limited. I guess in the extreme, your will would take over. I suppose that could be complicated depending on your estate. I don't look upon this account as a long term situation, just grabbing some extra interest.

Just not worth the trouble to me for a little more interest.

[Happyras]

Seriously, the T-mobile money is designed for low cash flow kids, not real time banking. I was on the phone far too long today to get my T-Mobile login fixed that was messed up by the money side. They could not fix the log in on the money side and have started a case.....how many of you want to wait days before you can access your account due to their messed up website? I asked about funding and transfers, and seriously they limit what you can access to $2500. It is really not worth the pain or risk to use this third party managed account from a seriously defective bank. I am sticking with Marcus for now, unless there are better ideas out there. I may just dip into more risk with our cash and buy some more preferred shares or yikes! bonds, or SWAN which seems to do OK for my tax deferred fixed income play.

[aja8888]

Quote:

Originally Posted by Happyras Could you give me your last 4 of the SSN?

Do you really think that's the name of the fruit I use as an answer?

The last four of my SS are "0000".

[Happyras]

Quote:

Originally Posted by aja8888 Do you really think that's the name of the fruit I use as an answer? The last four of my SS are "0000".

Oh but now I know its a fruit, and that includes TOMATOES I assume!

BTW, fun to chat

[Sunset]

Quote:

Originally Posted by Chuckanut No. No. No. You never, never, never, give real answers to those questions. Never. That information can be looked up by the bad guys. Always give fake answers. First manager: bumblebum 3rd grade teacher: bonecrusher first dog's name: asteroidbx43 Make sure you write down whatever nonsense you use.

++++++++++
Exactly, like my grade 4 teacher Miss SexyButt said: "Don't tell anyone"

[Sunset]

Quote:

Originally Posted by Golden sunsets Heard back. In a nutshell, they don't add beneficiaries or POD's, but they "have a process in place in a situation where they are notified of the death of an owner."

So at the point they will freeze the account, and wait for the executor/executrix to contact them after payments start bouncing.
At least it will keep the money safe.

[pb4uski]

Quote:

Originally Posted by Happyras Could you give me your last 4 of the SSN?

Sure... 2468

[camfused]

^^^ What a coincidence. That is mine too.

[RunningBum]

There's a couple of numbers missing on your social security.

Oh, ... 12

https://www.youtube.com/watch?v=RsDj2fzEGdM&t=63s

[njhowie]

Marcus sent email earlier today - 18-month CD 0.7% APY

https://www.marcus.com/us/en/savings...ield-cds/18MCD

[pb4uski]

We have a couple 2.25% CDs that mature in August... ugh!

[Dtail]

Quote:

Originally Posted by pb4uski We have a couple 2.25% CDs that mature in August... ugh!

Yeah my parents have a 2% maturing in Sept. Nothing good out there.

[jazz4cash]

Quote:

Originally Posted by njhowie Marcus sent email earlier today - 18-month CD 0.7% APY https://www.marcus.com/us/en/savings...ield-cds/18MCD

Thanks. They did not send me an email.

The referral bonus offer expires 7/31. The bonus is .2% added to the regular savings or certificate rate for 3 months. I get .2 bonus also. If you already have a Marcus account you can get your own bonus link in the referral center.

https://www.marcus.com/share/GAR-SXP-MEWX

[njhowie]

Quote:

Originally Posted by pb4uski We have a couple 2.25% CDs that mature in August... ugh!

I have a brokered CD currently paying 4.125% (step CD that started at 2.25%) that matures in Sept 2024 from HSBC. They had one chance to call it in Sept 2019 when the rate moved up, and they botched it, not giving sufficient notice of the call. So a few days after it was redeemed, they had to reverse it, taking back the cash, giving me back the CDs, and since then they have to pay it out through the 2024 maturity date at 4.125%.

I wrote about it here:
https://www.early-retirement.org/for...rs-100058.html


I have lots of others between 2.0% and 3.8% with maturities out to 2030. Maybe half are callable, some are well past their call dates. For those past their call dates, I can only imagine that the banks somehow lost track or forgot about them, or the issue was simply too small to justify calling them. My JPM CDs have been called left and right - even those with seemingly low interest rates. However, I still have one that's 3.05% with May 2030 maturity that's been callable since May 2020 - and for some reason they haven't called it. I'm certainly not complaining, but definitely has to be some sort of oversight.

This morning I bought one that popped up on my screen - another HSBC. 2.61% yield to maturity in Sept 2027. It is callable Sept 2022 for YTC of 0.533%. Both the YTC and YTM are favorable compared to new (brokered) CDs with those maturities, so I took it. The coupon is 3.125%, so it is likely to be called. However, it is HSBC and considering the prior botched call (I also have another where the same happened) you never know.

[teej1985]

Quote:

Originally Posted by njhowie I have a brokered CD currently paying 4.125% (step CD that started at 2.25%) that matures in Sept 2024 from HSBC. They had one chance to call it in Sept 2019 when the rate moved up, and they botched it, not giving sufficient notice of the call. So a few days after it was redeemed, they had to reverse it, taking back the cash, giving me back the CDs, and since then they have to pay it out through the 2024 maturity date at 4.125%. I wrote about it here: https://www.early-retirement.org/for...rs-100058.html I have lots of others between 2.0% and 3.8% with maturities out to 2030. Maybe half are callable, some are well past their call dates. For those past their call dates, I can only imagine that the banks somehow lost track or forgot about them, or the issue was simply too small to justify calling them. My JPM CDs have been called left and right - even those with seemingly low interest rates. However, I still have one that's 3.05% with May 2030 maturity that's been callable since May 2020 - and for some reason they haven't called it. I'm certainly not complaining, but definitely has to be some sort of oversight. This morning I bought one that popped up on my screen - another HSBC. 2.61% yield to maturity in Sept 2027. It is callable Sept 2022 for YTC of 0.533%. Both the YTC and YTM are favorable compared to new (brokered) CDs with those maturities, so I took it. The coupon is 3.125%, so it is likely to be called. However, it is HSBC and considering the prior botched call (I also have another where the same happened) you never know.

That's really cool. How are you screening for brokered CDs? Is it automated?

[njhowie]

Quote:

Originally Posted by teej1985 That's really cool. How are you screening for brokered CDs? Is it automated?

For Fidelity, go to the CD page and if you scroll down a little, on the left, next to New Issue CDs will be a link for Secondary CDs. Click on that link, show all the CDs (if there's less than 3000, if more, set the minimum yield to 0). When the list displays, just click on the yield to maturity column to sort from highest to lowest.

[Habitater]

Does anyone have experience with MYGAs (Multi Year Guaranteed Annuities)? From my research, there are no fees and minimal risk. I would love to hear from others who use this as a vehicle for cash.

[audreyh1]

Yes, it has been discussed quite a bit. If you do a search for individual posts you’ll find quite a lot. https://www.early-retirement.org/for...rchid=21058328

[jazz4cash]

Quote:

Originally Posted by Habitater Does anyone have experience with MYGAs (Multi Year Guaranteed Annuities)? From my research, there are no fees and minimal risk. I would love to hear from others who use this as a vehicle for cash.

I put my experience in this thread:
https://www.early-retirement.org/for...highlight=MYGA