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03-29-2021, 06:35 PM
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#161
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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: 36,204
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Quote:
Originally Posted by Dtail
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.
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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
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04-03-2021, 06:26 PM
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#162
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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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.
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04-03-2021, 07:34 PM
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#163
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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: 8,304
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That’s 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 haven’t 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.
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04-05-2021, 02:21 PM
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#164
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,925
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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
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04-05-2021, 02:24 PM
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#165
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,659
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Quote:
Originally Posted by njhowie
TIAA Money Market fund now yielding 0.00%
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? Thank you though.
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04-05-2021, 05:05 PM
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#166
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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: 17,134
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Quote:
Originally Posted by njhowie
TIAA Money Market fund now yielding 0.00%
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Don't worry. Negative interest rates can't happen here. Right?
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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04-05-2021, 10:36 PM
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#167
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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: 36,204
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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
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04-05-2021, 11:22 PM
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#168
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Recycles dryer sheets
Join Date: May 2015
Location: Someplace Warm
Posts: 429
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Quote:
Originally Posted by pb4uski
How many $100 bills can be stacked in a large safety deposit box?
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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...
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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.
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04-06-2021, 06:41 AM
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#169
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by Leo1277
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.
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These might also work. A one kilo gold bar is worth approximately $55,800 at current prices.
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04-06-2021, 09:10 AM
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#170
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Recycles dryer sheets
Join Date: May 2015
Location: Someplace Warm
Posts: 429
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Quote:
Originally Posted by copyright1997reloaded
These might also work. A one kilo gold bar is worth approximately $55,800 at current prices.
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Is that an IPhone case? May serve as a good status symbol as well
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04-16-2021, 05:07 PM
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#171
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,678
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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 69. DH retired June, 2010. I have a pleasant little part time job.
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04-22-2021, 10:11 AM
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#172
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,599
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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!
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04-22-2021, 02:55 PM
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#173
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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: 11,197
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Quote:
Originally Posted by Gotadimple
Effective 4/22, Live Oak Bank drops the rate on its high yield savings from .60% to .55%.
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Still 5 bps ahead of Ally Bank.
__________________
TGIM
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04-23-2021, 10:40 AM
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#174
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,599
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Quote:
Originally Posted by Dtail
Still 5 bps ahead of Ally Bank.
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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!
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04-27-2021, 02:43 PM
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#175
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,155
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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.
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04-27-2021, 07:05 PM
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#176
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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: 8,304
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Quote:
Originally Posted by braumeister
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
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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.
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04-27-2021, 07:29 PM
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#177
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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: 37,931
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24 months! Hmmm........
I didn’t find the language on a AARP CD bonus.
__________________
Retired since summer 1999.
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04-27-2021, 08:19 PM
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#178
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
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Quote:
Originally Posted by audreyh1
24 months! Hmmm........
I didn’t find the language on a AARP CD bonus.
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Yeah, I couldn't find that, either. That would take the one year rate to a whopping 0.75 percent.
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04-27-2021, 09:22 PM
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#179
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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: 8,304
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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 it’s 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.
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05-03-2021, 02:27 PM
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#180
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Recycles dryer sheets
Join Date: May 2015
Location: NorCal
Posts: 329
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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.
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