Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-29-2021, 06:35 PM   #161
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,159
Quote:
Originally Posted by Dtail View Post
Sorry PB, I wasn't clear.
I understand each investment and have MYGA's for my parents.
I was wondering on thoughts about how this group feels about favoring one vs. the other.
I guess then is is similar to favoring an online savings account vs a CD.... in all cases it is a tradeoff of liquidity for higher rate.
__________________
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...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
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!

Old 04-03-2021, 06:26 PM   #162
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 2,178
Some folks were recently asking about previously lifted 6 transfer monthly savings account limit and banks not implementing...just saw this in our Citi account:

Quote:
Beginning April 19, 2021, Citi is lifting the six-per-statement limit on transfers from your savings and money market accounts.
njhowie is offline   Reply With Quote
Old 04-03-2021, 07:34 PM   #163
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,821
Thatís good news. I did know anything about the change. It never made sense to impose this limit on certain forms of withdrawals and I believe the enforcement was inconsistent. I havenít seen anything from my banks, specifically BofA.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 04-05-2021, 02:21 PM   #164
Thinks s/he gets paid by the post
 
Join Date: Mar 2012
Posts: 2,178
TIAA Money Market fund now yielding 0.00%

Quote:
7-day current annualized yield 0.00% as of 4/01/2021
7-day effective annualized yield 0.00% as of 4/01/2021
njhowie is offline   Reply With Quote
Old 04-05-2021, 02:24 PM   #165
Thinks s/he gets paid by the post
RetireAge50's Avatar
 
Join Date: Aug 2013
Posts: 1,517
Quote:
Originally Posted by njhowie View Post
TIAA Money Market fund now yielding 0.00%


? Thank you though.
RetireAge50 is online now   Reply With Quote
Old 04-05-2021, 05:05 PM   #166
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
 
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 12,083
Quote:
Originally Posted by njhowie View Post
TIAA Money Market fund now yielding 0.00%
Don't worry. Negative interest rates can't happen here. Right?
__________________
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Old 04-05-2021, 10:36 PM   #167
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,159
How many $100 bills can be stacked in a large safety deposit box?
__________________
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...target 65/35/0 AA TBD
pb4uski is online now   Reply With Quote
Old 04-05-2021, 11:22 PM   #168
Recycles dryer sheets
 
Join Date: May 2015
Location: Someplace Warm
Posts: 429
Quote:
Originally Posted by pb4uski View Post
How many $100 bills can be stacked in a large safety deposit box?
The Swiss have a 1000 Swiss Francs bill, often used for just that purpose: https://www.reuters.com/article/uk-s...-idUKKCN1QM1KJ
Quote:
...In recent years the 1,000 franc note has also been used by people wishing to avoid negative interest rates...
I have some funds in Europe, and they are threatening me to soon impose "safeguarding fees", as they call their negative interest rates. The only good thing is they can't do it for older accounts like mine, which are grandfathered.
Leo1277 is offline   Reply With Quote
Old 04-06-2021, 06:41 AM   #169
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Location: Upstate
Posts: 1,728
Quote:
Originally Posted by Leo1277 View Post
The Swiss have a 1000 Swiss Francs bill, often used for just that purpose: https://www.reuters.com/article/uk-s...-idUKKCN1QM1KJ
I have some funds in Europe, and they are threatening me to soon impose "safeguarding fees", as they call their negative interest rates. The only good thing is they can't do it for older accounts like mine, which are grandfathered.
These might also work. A one kilo gold bar is worth approximately $55,800 at current prices.
Attached Images
File Type: jpg 1kilo-gold-bar01.jpg (27.9 KB, 35 views)
copyright1997reloaded is offline   Reply With Quote
Old 04-06-2021, 09:10 AM   #170
Recycles dryer sheets
 
Join Date: May 2015
Location: Someplace Warm
Posts: 429
Quote:
Originally Posted by copyright1997reloaded View Post
These might also work. A one kilo gold bar is worth approximately $55,800 at current prices.
Is that an IPhone case? May serve as a good status symbol as well
Leo1277 is offline   Reply With Quote
Old 04-16-2021, 05:07 PM   #171
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 3,061
We just completed a bank bonus offer that was the easiest and fastest one that we've done.

This one was with S&T Bank. I had never heard of them and didn't know they had a local branch. My son got an offer in the mail and wasn't interested in doing it so he gave it to me. The offer was for $400 for opening a free checking account with $50 and then have ONE direct deposit over $500 or make $500 in debit card purchases. Then the bonus will be posted to your account within 30 days.

I opened the account online on 3/7/21. DH's direct deposit of his pension happened on 4/1/21 and our bonus of $400 was posted on 4/12/21. I went to the local branch today and closed the account after transferring most of the money out. No requirement to keep the account open for months like some banks, no fees of any kind associated with the checking account.

Easy and simple for $400. The only glitch we had was because this offer was mailed to our son and our address didn't match, I had to make a call and they offered to transfer the offer to us and our address.

https://www.stbank.com/personal/ They operate in Ohio, New York and Pennsylvania.
__________________
Married, both 66. DH retired June, 2010. I have a pleasant little part time job.
Sue J is offline   Reply With Quote
Old 04-22-2021, 10:11 AM   #172
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,180
Effective 4/22, Live Oak Bank drops the rate on its high yield savings from .60% to .55%.
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Old 04-22-2021, 02:55 PM   #173
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 7,975
Quote:
Originally Posted by Gotadimple View Post
Effective 4/22, Live Oak Bank drops the rate on its high yield savings from .60% to .55%.
Still 5 bps ahead of Ally Bank.
__________________
TGIM
Dtail is offline   Reply With Quote
Old 04-23-2021, 10:40 AM   #174
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,180
Quote:
Originally Posted by Dtail View Post
Still 5 bps ahead of Ally Bank.
Yes, they tend to be. They are a lot smaller than Ally. I find them easy to work with and their system is very friendly to use.
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Old 04-27-2021, 02:43 PM   #175
Moderator
braumeister's Avatar
 
Join Date: Feb 2010
Location: Flyover country
Posts: 18,174
Had an email today from Marcus offering an extra 0.10% on their online savings account if you're an AARP member. It's 0.5% so 0.6% with this deal. I like that so I opened an account just so I can move some cash over there.

https://www.marcus.com/us/en/savings/aarp-rate-bonus
__________________
I thought growing old would take longer.
braumeister is offline   Reply With Quote
Old 04-27-2021, 07:05 PM   #176
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,821
Quote:
Originally Posted by braumeister View Post
Had an email today from Marcus offering an extra 0.10% on their online savings account if you're an AARP member. It's 0.5% so 0.6% with this deal. I like that so I opened an account just so I can move some cash over there.



https://www.marcus.com/us/en/savings/aarp-rate-bonus


I signed up awhile ago. The .10 bonus is applied to CDs as well. I think it lasts for 1 yr.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 04-27-2021, 07:29 PM   #177
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 29,121
24 months! Hmmm........

I didn’t find the language on a AARP CD bonus.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 04-27-2021, 08:19 PM   #178
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 2,702
Quote:
Originally Posted by audreyh1 View Post
24 months! Hmmm........

I didnít find the language on a AARP CD bonus.
Yeah, I couldn't find that, either. That would take the one year rate to a whopping 0.75 percent.
Another Reader is offline   Reply With Quote
Old 04-27-2021, 09:22 PM   #179
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,821
I guess I posted some mis information but I am pretty sure I got the bonus on the NP CD that just matured. Poking around I see they now have a referral bonus of .20% for existing and new customers. I guess itís time to sign up DW.

https://www.marcus.com/share/GAR-SXP-MEWX
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 05-03-2021, 02:27 PM   #180
Recycles dryer sheets
 
Join Date: May 2015
Location: NorCal
Posts: 218
For California folks -

Poppy Bank Money Market APY 1% - guaranteed for six months from date of opening. Minimum daily balance - $10k. Electronic Statements must be activated to avoid $5 paper statement fee.

Offer good only at Los Angeles/Westwood, Menlo Park, Milpitas, Orange County/Costa Mesa, Pleasanton and Roseville locations.

Not available online - account has to be opened at one of the physical locations.
FIREd_2015 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here ShokWaveRider FIRE and Money 976 12-31-2020 11:51 PM

» Quick Links

 
All times are GMT -6. The time now is 09:48 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.