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Old 06-23-2022, 02:30 PM   #781
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Ally Bank savings is now 1%.
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Old 06-23-2022, 02:35 PM   #782
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Ally Bank savings is now 1%.
I think it's 0.9% (on the website) but yeah.. almost 1%
I think it moved from 0.25=>0.4=>0.5=>0.6=>0.9 w/in 16 months. Better than many banks CD rates
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Old 06-23-2022, 02:44 PM   #783
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Ally Bank savings is now 1%.
Fidelity Premium MM was showing 1.28% yield as of 6/22. So at this point I don’t think the savings accounts will be able to keep up anymore during this rising rate period. I’ll start pulling most cash funds back into my brokerage accounts now.

Yeah, Ally website still saying 0.90% for savings.
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Old 06-23-2022, 02:46 PM   #784
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I think it's 0.9% (on the website) but yeah.. almost 1%
I think it moved from 0.25=>0.4=>0.5=>0.6=>0.9 w/in 16 months. Better than many banks CD rates
1.0% as of June 25th.
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Old 06-23-2022, 02:47 PM   #785
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Fidelity Premium MM was showing 1.26% for 6/22 I believe. So at this point I don’t think the savings accounts will be able to keep up anymore during this rising rate period. I’ll start pulling most cash funds back into my brokerage accounts now.
Same here and then invest there.
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Old 06-23-2022, 02:51 PM   #786
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Emails are going out right now. Just got mine. Ally is indeed increasing to 1% effective tomorrow (24th) and will show in your account on the 25th.
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Old 06-23-2022, 03:08 PM   #787
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OK got my Ally email thanks.

Pulling out of all my no penalty CDs at this point.
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Old 06-23-2022, 03:12 PM   #788
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Finally some market pressure on the bank rates. I just did a big transfer out of Ally to Vanguard to capture the VMFXX. And of course, Marcus announced 1% a few days ago.

And no, I'm not excited that this gets us nowhere near inflation... but it is finally some progress.
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Old 06-24-2022, 10:14 AM   #789
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Those Fidelity MM rates are going up fast!

As of 6/23:

FZDXX at 1.31%. Premium MM

FDRXX at 1.04%. Government Cash Reserves
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Old 06-24-2022, 10:27 AM   #790
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Those Fidelity MM rates are going up fast!

As of 6/23:

FZDXX at 1.31%. Premium MM

FDRXX at 1.04%. Government Cash Reserves
In the past, Vanguard's version of FZDXX was always higher. Curious what it is now.
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Old 06-25-2022, 01:21 PM   #791
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OK must have done something wrong at Fidelity.

I thought I put $20k at Fidelity in a 1-year CD with supposedly 2.1% yield, maturing 6/1/23.

38150VBB4

That is the name of it and it's suppose to be Goldman Sachs.

But it has daily fluctuations and currently is below the value I put in.

I thought I selected a non-callable CD.
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Old 06-25-2022, 01:28 PM   #792
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OK must have done something wrong at Fidelity.

I thought I put $20k at Fidelity in a 1-year CD with supposedly 2.1% yield, maturing 6/1/23.

38150VBB4

That is the name of it and it's suppose to be Goldman Sachs.

But it has daily fluctuations and currently is below the value I put in.

I thought I selected a non-callable CD.
NAV typically drops soon after the CD is purchased. Nevermind the day to day fluctuations, it'll still pay you back the full principal at the 1 year mark.
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Old 06-25-2022, 03:32 PM   #793
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OK must have done something wrong at Fidelity.

I thought I put $20k at Fidelity in a 1-year CD with supposedly 2.1% yield, maturing 6/1/23.

38150VBB4

That is the name of it and it's suppose to be Goldman Sachs.

But it has daily fluctuations and currently is below the value I put in.

I thought I selected a non-callable CD.
Fidelity is just showing you the mark-to-market value if you tried to sell the CD on the secondary market. That value will fluctuate.

It won’t affect what you’ll get at maturity - that was fixed when you bought it.

It’s not being called.

My treasury bills fluctuate every trading day too, but I’ll get 100 back at maturity.
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Old 06-25-2022, 06:04 PM   #794
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Fidelity is just showing you the mark-to-market value if you tried to sell the CD on the secondary market. That value will fluctuate.



It won’t affect what you’ll get at maturity - that was fixed when you bought it.



It’s not being called.



My treasury bills fluctuate every trading day too, but I’ll get 100 back at maturity.


Thank you! I had the same question.
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Old 06-26-2022, 08:25 AM   #795
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PenFed just sent out an email, 3.5% 5 year certificate offer, ends 7/7/22.
Hmmm. I already snapped up a modest amount of PenFed 3.0% 7 year. I may have to snap up a modest amount of the 3.5% 5 year. Then hope for even higher rates.
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Old 06-26-2022, 06:14 PM   #796
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Bought 6 13 week T bills last week (2 in taxable and 4 in IRA) and have another purchase made for this week for 4 more 13 week T bills (just in IRA).
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Old 06-26-2022, 06:33 PM   #797
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Hmmm. I already snapped up a modest amount of PenFed 3.0% 7 year. I may have to snap up a modest amount of the 3.5% 5 year. Then hope for even higher rates.

You may want to temper how much you put in this time and next to have 'dry powder'.....I think late July / early August, there will be 3.75 to 4.0% rates. But There's a good chance there will be 4.5% CDs late this year, especially if inflation readings don't relinquish. Had the 5% --10-year CD with Penfed from 2011-2021 - that one I threw in as much as could afford, and dont regret it. At 5%+, I would be selling equities if neutral or in green and breaking older CDs for the penalty.
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Old 06-26-2022, 06:52 PM   #798
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Bought 6 13 week T bills last week (2 in taxable and 4 in IRA) and have another purchase made for this week for 4 more 13 week T bills (just in IRA).
May I ask why you're buying so many of the same duration at the same time? Is there some benefit to doing that vs buying one big one if they will all mature at once anyway?
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Old 06-26-2022, 08:10 PM   #799
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I put a small amount ($25K) into a 5 yr, 3.5% CD at PenFed. I have 2 CDs, one small, the other large, rolling over at PenFed in October and hope I can get even better rates. Current inflation doesn't give me warm fuzzies about current CD rates.
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Old 06-27-2022, 08:17 AM   #800
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You may want to temper how much you put in this time and next to have 'dry powder'.....I think late July / early August, there will be 3.75 to 4.0% rates. But There's a good chance there will be 4.5% CDs late this year, especially if inflation readings don't relinquish. Had the 5% --10-year CD with Penfed from 2011-2021 - that one I threw in as much as could afford, and dont regret it. At 5%+, I would be selling equities if neutral or in green and breaking older CDs for the penalty.
pc95, I am only using about 10% of my cash stash for each CD purchase. Keeping most of it for later when rates are 'supposed to be' higher. But hard to resist the 'bird in hand' opportunity of the 5 year PenFed CD at 3.5%. I have until July 7 to decide. Congratulations on scoring the PenFed 10 year 5%, by the way. I don't even remember that one, lol.
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