|
|
02-15-2021, 12:51 PM
|
#101
|
Recycles dryer sheets
Join Date: May 2015
Posts: 85
|
Quote:
Originally Posted by Golden sunsets
Well we have $300,000 maturing on 2/17 in 3 no penalty CD's that were yielding 1.95% each. I had been planning on holding my nose and renewing into new 11 mo no penalty CD's that would yield .55%, but I decided to take $100K of that and set up the Citi Priority Account package ($50K each) which will net us $1,400 after 5 months(60 day requirement and up to 90 days to pay out the bonus). The same money would generate $229 by my math at Ally, so it seems like a no brainer. I don't intend to touch the money once at Citi, so I don't anticipate any hassles. We'll see.
I'd be up for doing a few more of these with the other $200K, but after reviewing this thread and the 2-3 websites that aggregate these offers, I don't see any other low hanging fruit. Some decent offers have geographic limitations and others require too many hoops, such as direct deposits, or the amounts seem too puny to me.
If anyone has any suggestions, I'm all ears.
|
I just finished the Citi Priority package. Deposited money to meet the requirements and didn't touch. All went fine. Depending on the state you live in, you might be about to do a similar thing with Huntington, for $500 bonus for $25K. I mentioned the above in a recent post.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
02-15-2021, 02:20 PM
|
#102
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
|
Quote:
Originally Posted by BergLust
I just finished the Citi Priority package. Deposited money to meet the requirements and didn't touch. All went fine. Depending on the state you live in, you might be about to do a similar thing with Huntington, for $500 bonus for $25K. I mentioned the above in a recent post.
|
Thanks for commenting BergLust. Can you tell me, did Citi take the whole 90 days to payout the bonus? And did you completely close the accounts as soon as you were paid out? That is my intention, seeing that there is a $30 monthly maintenance fee for any combined balance less than the $50K. I'm thinking of doing a pull from Ally of 100% of the funds as soon as the bonus hits. What was your experience?
__________________
"Luck favors the prepared mind"
Pasteur
|
|
|
02-15-2021, 02:27 PM
|
#103
|
Recycles dryer sheets
Join Date: May 2015
Posts: 85
|
Quote:
Originally Posted by Golden sunsets
Thanks for commenting BergLust. Can you tell me, did Citi take the whole 90 days to payout the bonus? And did you completely close the accounts as soon as you were paid out? That is my intention, seeing that there is a $30 monthly maintenance fee for any combined balance less than the $50K. I'm thinking of doing a pull from Ally of 100% of the funds as soon as the bonus hits. What was your experience?
|
They took most of the 90 days after hitting the 60 day requirement. I opened the account on on 7 September 2020 and funded sometime shortly after that. The bonus was deposited on 20 January 2021 and I closed the account on 27 January 2021. I left the 50K in there, even after the 60 day period....simply so I didn't get hit with the $30/month charge.
|
|
|
02-15-2021, 02:30 PM
|
#104
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
|
Quote:
Originally Posted by BergLust
They took most of the 90 days after hitting the 60 day requirement. I opened the account on on 7 September 2020 and funded sometime shortly after that. The bonus was deposited on 20 January 2021 and I closed the account on 27 January 2021. I left the 50K in there, even after the 60 day period....simply so I didn't get hit with the $30/month charge.
|
Thnx. Oh and I am not in Huntington's territory.
Also setting up the Citi Accounts for two different SS #'s was quick and easy.
__________________
"Luck favors the prepared mind"
Pasteur
|
|
|
02-15-2021, 03:28 PM
|
#105
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,198
|
Will look to do the 50k Citi package.
__________________
TGIM
|
|
|
02-15-2021, 03:39 PM
|
#106
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
|
Quote:
Originally Posted by Dtail
Will look to do the 50k Citi package.
|
My math says it's a 3.36% annualized return if you leave the money there for 5 mos.
__________________
"Luck favors the prepared mind"
Pasteur
|
|
|
02-15-2021, 03:47 PM
|
#107
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,198
|
Quote:
Originally Posted by Golden sunsets
My math says it's a 3.36% annualized return if you leave the money there for 5 mos.
|
I concur.
I have the GTE CD deal for 3.05%, but would need to remove some monies before maturity, so would incur a 6 month penalty on the withdrawal.
So looking to do multiple bank deals for now.
__________________
TGIM
|
|
|
02-15-2021, 03:49 PM
|
#108
|
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
|
Quote:
Originally Posted by Golden sunsets
.... If anyone has any suggestions, I'm all ears.
|
Do you have any appetite for non-FDIC insured programs?
I'm in Toyota IncomeDriver Notes and Dominion Energy Reliability Investment Notes. Both are currently paying 1.5% and function similar to an online savings account in that you can deposit or withdraw money whenever you desire. GM has a similar program that is also currently 1.5% that I'll probably set up an account for.
So far I have relatively small amounts in each but I have a couple taxable account CDs maturing in May and some more in August and I think at least some of the money will go to these.
__________________
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
|
|
|
02-15-2021, 04:10 PM
|
#109
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
|
Quote:
Originally Posted by pb4uski
Do you have any appetite for non-FDIC insured programs?
I'm in Toyota IncomeDriver Notes and Dominion Energy Reliability Investment Notes. Both are currently paying 1.5% and function similar to an online savings account in that you can deposit or withdraw money whenever you desire. GM has a similar program that is also currently 1.5% that I'll probably set up an account for.
So far I have relatively small amounts in each but I have a couple taxable account CDs maturing in May and some more in August and I think at least some of the money will go to these.
|
Yes PB. I spent the morning looking at alternatives. I looked at the Toyota Notes at 1.5%. I also looked at all of the options on short term investment grade funds, TE funds and the MYGA's. One reason I was going to renew in no penalty CD's is I could jump to any of these options easily and don't have to make a decision now. i still need to check out the Dominion Energy option. Soooooo.
One thing I'm curious about is the return on intermediate term TE's. We have a chunk in VWITX. The YTD return on that intermediate term TE fund is up for the year (I think .85%), even though the 10 year treasury has been rising of late. If I thought that return would hold I might throw some more money into that arena, pick up a cool $1,000 from Merrill Lynch for establishing a new account and invest more in VWITX. Thoughts on the intermediate term TE yield holding in the face of a rising 10 year treasury?
__________________
"Luck favors the prepared mind"
Pasteur
|
|
|
02-15-2021, 04:17 PM
|
#110
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,198
|
Quote:
Originally Posted by Golden sunsets
Yes PB. I spent the morning looking at alternatives. I looked at the Toyota Notes at 1.5%. I also looked at all of the options on short term investment grade funds, TE funds and the MYGA's. One reason I was going to renew in no penalty CD's is I could jump to any of these options easily and don't have to make a decision now. i still need to check out the Dominion Energy option. Soooooo.
One thing I'm curious about is the return on intermediate term TE's. We have a chunk in VWITX. The YTD return on that intermediate term TE fund is up for the year (I think .85%), even though the 10 year treasury has been rising of late. If I thought that return would hold I might throw some more money into that arena, pick up a cool $1,000 from Merrill Lynch for establishing a new account and invest more in VWITX. Thoughts on the intermediate term TE yield holding in the face of a rising 10 year treasury?
|
On a side indirect note, if you are establishing a ML account, perhaps look into getting cash rewards CC's. Perhaps you have these already.
__________________
TGIM
|
|
|
02-15-2021, 04:54 PM
|
#111
|
Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
|
Quote:
Originally Posted by Dtail
On a side indirect note, if you are establishing a ML account, perhaps look into getting cash rewards CC's. Perhaps you have these already.
|
Thanks Dtail. The vast majority of our accounts are at BOA/ML, including Taxable and Retirement accounts. We are in their wealth management system, including 3 cc's with the relatively attractive rewards program.
__________________
"Luck favors the prepared mind"
Pasteur
|
|
|
03-01-2021, 08:08 AM
|
#112
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,134
|
Just to help keep things in perspective.....
From today's WSJ:
emphasis added
Quote:
.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
03-01-2021, 10:55 AM
|
#113
|
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
|
Sounds like I better start clearing out some space under the bed.
__________________
"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
|
|
|
03-01-2021, 11:22 AM
|
#114
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
|
Quote:
Originally Posted by harley
Sounds like I better start clearing out some space under the bed.
|
I've heard a an old coffee can buried in the back yard works well also.
__________________
*********Go Astros!*********
|
|
|
03-01-2021, 02:06 PM
|
#115
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,271
|
Quote:
Originally Posted by aja8888
I've heard a an old coffee can buried in the back yard works well also.
|
Gal's Dad buried cash in their backyard in desert climes after WW2 and spending some POW time in Germany. Am told that after his death they dug it up and it was not in good spendable condition. Imagine better seals are available now.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
|
|
|
03-01-2021, 02:46 PM
|
#116
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,198
|
Quote:
Originally Posted by harley
Sounds like I better start clearing out some space under the bed.
|
I thought it was IN the mattress......
__________________
TGIM
|
|
|
03-01-2021, 04:27 PM
|
#117
|
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
|
Quote:
Originally Posted by Dtail
I thought it was IN the mattress......
|
I'm too much of a princess for that.
__________________
"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
|
|
|
03-02-2021, 05:39 AM
|
#118
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
|
Quote:
Originally Posted by calmloki
Gal's Dad buried cash in their backyard in desert climes after WW2 and spending some POW time in Germany. Am told that after his death they dug it up and it was not in good spendable condition. Imagine better seals are available now.
|
In case Gal finds any more buried cash, consider getting the help of the Bureau of Engraving and Printing. They can help with petrification or burying.
https://www.moneyfactory.gov/service...edemption.html
Quote:
Mutilated Currency Redemption
The BEP’s Mutilated Currency Division provides free mutilated currency redemption services for individuals and institutions, such as businesses and financial institutions, in possession of United States mutilated currency notes. On average, the BEP receives more than 22,000 requests for examination of mutilated currency for possible redemption each year, with an estimated value in excess of $35 million.
Mutilated currency is currency which has been damaged to the extent that one-half or less of the original note remains, or its condition is such that its value is questionable. Currency notes can become mutilated in any number of ways. The most common causes are fire, water, chemicals, and explosives; animal, insect, or rodent damage; and petrification or deterioration by burying.
|
__________________
Retired Class of 2018
|
|
|
03-02-2021, 06:12 AM
|
#119
|
Moderator
Join Date: Nov 2014
Posts: 9,070
|
Interesting that their site mentions deterioration by burying. Must be relatively common.
I’m sure with a few layers of protection that I could preserve cash. Vacuum pack, put in Tupperware, and put that in a styrofoam box type of thing. The thing is, it’s just a lot easier to bury my gold bars. Midnight Gardening
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
|
|
|
03-02-2021, 06:16 AM
|
#120
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
|
Quote:
Originally Posted by Jerry1
Interesting that their site mentions deterioration by burying. Must be relatively common.
|
Yeah, and rodents. I can see people sticking cash in the walls only to have the mice chew on it.
You frequently hear about the old 50% rule. That's more of a commercial bank/Fed rule. Well, it turns out the BEP is willing to go way beyond that. It is good to know for future reference.
__________________
Retired Class of 2018
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|