Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 02-19-2022, 11:55 PM   #61
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: 31,695
Quote:
Originally Posted by Montecfo View Post
Stick with 1.00.% savings account. no interest rate risk or.credit risk.
Same credit risk and negligible interest rate risk and none if held to maturity. Besides, I can easily but UST in an IRA.
__________________
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
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 02-20-2022, 07:18 AM   #62
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: 31,695
Quote:
Originally Posted by jazz4cash View Post
I like that suggestion. Where are you buying these? I'm surprised to see very high minimums on 1yr UST's at Fidelity. 1yr really is a sweet spot vs. CD's
I bought one earlier in Feb in my tIRA at Vanguard... bought one that matures in January 2023 in an amount equal to my annual Roth conversion... so when it matures I'll then move the proceeds to my Roth. IIRC there was no minimum other than perhaps $1,000.

I think you can buy them at any broker.
__________________
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
pb4uski is online now   Reply With Quote
Old 02-20-2022, 07:38 AM   #63
Thinks s/he gets paid by the post
 
Join Date: Jan 2014
Posts: 1,029
Quote:
Originally Posted by jazz4cash View Post
I like that suggestion. Where are you buying these? I'm surprised to see very high minimums on 1yr UST's at Fidelity. 1yr really is a sweet spot vs. CD's
Method #1. The 1.15% on the Fidelity current yield page is for a 3/31/23 maturity (13 months) with $500k minimum. Click on 'depth of book' when viewing secondary market listing. It's available with lower minimums but the 'ask' (purchase price) is a little higher making the yield a little lower. Then, on place order page using 'more quotes -depth of book', I can buy the previously displayed $1k at 1.149%.

Method #2: Treasuries can be bought at auction in $1k increments. Here is the auction schedule.

https://home.treasury.gov/system/fil...n-Schedule.pdf

They appear on Fidelity just after the announcement date. The next 52-week T-Bill auction is Tuesday.

Fidelity > News & Research > Fixed Income

Select "New Issues" tab then click "+" next to Treasury. Look for the one with Maturity Date 2/23/23 and expected yield 0.957%. The actual yield may be slightly different based on global events between now and Tuesday.

I place orders after the announcement date and before auction date. I've never waited until the auction date. This article has screen shots of the process. https://thefinancebuff.com/treasury-...ey-market.html
MBSC is offline   Reply With Quote
Old 02-20-2022, 09:04 AM   #64
Thinks s/he gets paid by the post
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 4,556
Quote:
Originally Posted by pb4uski View Post
Same credit risk and negligible interest rate risk and none if held to maturity. Besides, I can easily but UST in an IRA.
I can see that. I just wish we were talking about something more than 15 basis points!
Montecfo is offline   Reply With Quote
Old 02-20-2022, 11:51 AM   #65
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 6,687
MSBC, Thanks for the step by step which was very easy to follow. I don't think I ever would've figured that out on my own. I'm going to use Method #1 at Fido and may also buy a bit at Treasury Direct. I think they sell in $100 increments.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 02-20-2022, 12:11 PM   #66
Recycles dryer sheets
 
Join Date: Apr 2019
Location: Omaha
Posts: 62
I also appreciate the step by step. Thanks!
Oilcan is online now   Reply With Quote
Old 02-20-2022, 01:45 PM   #67
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: 31,642
I’ve used the auction purchase and renew method at Fidelity where they keep rolling it over for you. Quite straightforward.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 03-01-2022, 11:04 AM   #68
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 2,292
Live Oak Bank increases rates on their High Yield Savings Account to 0.6% starting 3/1, no minimum balance.
__________________
Only got A dimple, would have preferred 2!
Gotadimple is offline   Reply With Quote
Old 03-01-2022, 02:50 PM   #69
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 3,081
Quote:
Originally Posted by Gotadimple View Post
Live Oak Bank increases rates on their High Yield Savings Account to 0.6% starting 3/1, no minimum balance.


I got an e-mail from them this morning with the 0.6 percent interest rate and offering a $200 bonus if you deposit at least $25,000 new money in a new savings account by March 31 and keep it in that account for at least 90 days.
Another Reader is online now   Reply With Quote
Old 03-15-2022, 10:52 AM   #70
Thinks s/he gets paid by the post
 
Join Date: Jan 2019
Location: Sunny California
Posts: 1,117
Marcus by Goldman Sachs offering a 10 month promo certificate at 1.10%

https://www.marcus.com/us/en/savings...d-promo#cdcalc

Also a 13 month no penalty CD at 0.65

https://www.marcus.com/us/en/savings/no-penalty-cds
RetiredAndLovingIt is online now   Reply With Quote
Old 03-19-2022, 10:53 AM   #71
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 4,257
Synchrony Banks savings account now 0.60%.
Dash man is online now   Reply With Quote
Old 03-21-2022, 07:44 AM   #72
Full time employment: Posting here.
 
Join Date: Aug 2015
Posts: 955
Anyone do the Capital One $50k 360MM deal? Deposit $50k by 12/17/21, leave through 3/17/22 for $450? I hate how they don’t acknowledge anywhere that you have qualified for the bonus, or to expect it by a certain date. I’ve done it in the past and have always gotten it. Still waiting for the bonus to post.
Perryinva is offline   Reply With Quote
Old 03-22-2022, 08:35 AM   #73
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 2,385
1 year bills are 1.32% this morning. The CD rates are lagging.
jim584672 is offline   Reply With Quote
Old 03-22-2022, 08:41 AM   #74
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,461
Started moving my online so-called Hi yield savings into 6 month T-bills, looking at building a 12 rung one year ladder that would maintain pretty good liquidity at higher yields.
RE2Boys is offline   Reply With Quote
Old 03-22-2022, 10:24 AM   #75
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: 31,642
Quote:
Originally Posted by Dash man View Post
Synchrony Banks savings account now 0.60%.
OK, creeping improvement!
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 03-22-2022, 10:26 AM   #76
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: 31,642
Quote:
Originally Posted by jim584672 View Post
1 year bills are 1.32% this morning. The CD rates are lagging.
They will lag for a while based on what happened just a few years ago.

I ended up buying 3 month and 6 month T-bills at auction via Fidelity for about a year before CDs finally caught up.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 03-23-2022, 07:06 AM   #77
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 2,385
1.55% 1 year bills right now, rates are popping.
jim584672 is offline   Reply With Quote
Old 03-23-2022, 12:27 PM   #78
Recycles dryer sheets
JohnnyBGoode's Avatar
 
Join Date: Apr 2016
Location: Bay Area
Posts: 168
Ally Bank savings and CD rates are lagging. 0.5% savings and their 12-month "High Yield" CD is 0.75%. From what I've seen in the past Ally was always very competitive. I've got the bulk of my fixed income allocation at Ally spread between savings and CD's but I think at this point I will start migrating to FIDO CD Ladders.
JohnnyBGoode is offline   Reply With Quote
Old 03-23-2022, 01:06 PM   #79
Thinks s/he gets paid by the post
 
Join Date: Feb 2021
Posts: 1,362
Quote:
Originally Posted by JohnnyBGoode View Post
Ally Bank savings and CD rates are lagging. 0.5% savings and their 12-month "High Yield" CD is 0.75%. From what I've seen in the past Ally was always very competitive. I've got the bulk of my fixed income allocation at Ally spread between savings and CD's but I think at this point I will start migrating to FIDO CD Ladders.
Bingo. I'm with Vanguard, not Fidelity, but I just bought my first CD from them this week. 18 months at 1.6% compared to Ally offering 1.1% for the same term. We have 2 CDs still with Ally but when they mature later this year, I will move them over.
disneysteve is offline   Reply With Quote
Old 03-23-2022, 02:11 PM   #80
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: 14,120
Quote:
Originally Posted by JohnnyBGoode View Post
Ally Bank savings and CD rates are lagging. 0.5% savings and their 12-month "High Yield" CD is 0.75%. From what I've seen in the past Ally was always very competitive. I've got the bulk of my fixed income allocation at Ally spread between savings and CD's but I think at this point I will start migrating to FIDO CD Ladders.
Alley needs to step up their game. The recent 52 week T-bill was 1.6%. Ally is offering less than half that rate. Or they should rename it the "Low Yield" CD.
__________________
The worst decisions are usually made in times of anger and impatience.

Self proclaimed President for Life of Outliers United.
Chuckanut is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 9 (1 members and 8 guests)
NM_Mike
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


» Quick Links

 
All times are GMT -6. The time now is 04:32 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.