Join Early Retirement Today
Closed Thread
 
Thread Tools Display Modes
Old 03-24-2022, 12:56 PM   #101
Full time employment: Posting here.
Happyras's Avatar
 
Join Date: Jun 2015
Location: Redmond
Posts: 891
We still get 1.1% on the money market account at Marcus as long as we keep adding friends referrals we can extend it three months at a time at that rate which includes the AAA RP .1% . I am hoping they will soon adjust that rate on their base money market account upward right now we are at the FDIC insurance limit on the one account actually a little bit more and see little reason to move funds until rates settle out.

I think our plan will be to roll some more into SPY with covered calls to hedge. But volatility has gotten a little bit low to see much premium.
Happyras is offline  
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 03-24-2022, 04:30 PM   #102
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: 17,134
I just checked Capital One bank. 0.8% for a 12 month CD. Half the t-bill rate.
Not so good.
__________________
Comparison is the thief of joy

The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline  
Old 03-24-2022, 05:15 PM   #103
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: 36,204
^^^ I had some money in my Vanguard brokerage account that I shouldn't need until 2023 so rather than move it our to my online savings account that only pays 0.50% I bought a UST Bill that matures 12/29/22 that yields 1.15%.

Now I'm looking at the DERI notes (1.10%), GM RightNotes (1.25%) and Toyota IncomeDriver Notes (1.15%) and thinking that I can simplify and do better clawing that money back into my Vanguard brokerage account. It was a different story when 1 year UST were paying next to nothing.
__________________
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 offline  
Old 03-24-2022, 05:44 PM   #104
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: 17,134
Quote:
Originally Posted by pb4uski View Post
^^^ I had some money in my Vanguard brokerage account that I shouldn't need until 2023 so rather than move it our to my online savings account that only pays 0.50% I bought a UST Bill that matures 12/29/22 that yields 1.15%.

Now I'm looking at the DERI notes (1.10%), GM RightNotes (1.25%) and Toyota IncomeDriver Notes (1.15%) and thinking that I can simplify and do better clawing that money back into my Vanguard brokerage account. It was a different story when 1 year UST were paying next to nothing.
I am clawing back funds that got scattered over the last few years as I sought out bonus money. At the time, the bonus money seemed like the only way to enhance rates that had a hard time just approaching 1%. Times change.
__________________
Comparison is the thief of joy

The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline  
Old 03-24-2022, 06:19 PM   #105
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: 37,931
Quote:
Originally Posted by disneysteve View Post
What does that accomplish? I just looked and their no penalty CD is paying 0.5%, same as their savings account. Why not just leave it in savings?
I get 0.55% from rolling it over into the no penalty CD. 0.05% bonus for rollover.
__________________
Retired since summer 1999.
audreyh1 is offline  
Old 03-24-2022, 06:20 PM   #106
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: 37,931
Quote:
Originally Posted by Helen View Post
When Ally does raise their rates, can I exit the no penalty CD and move it into another no penalty CD that pays a higher rate? I have 5 days left to exit the CD before it rolls over to .55%
Yes.
__________________
Retired since summer 1999.
audreyh1 is offline  
Old 03-25-2022, 08:45 AM   #107
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 3,046
I see some T Notes @ 1.9% 15 months to maturity. Rates keep going.
jim584672 is offline  
Old 03-25-2022, 12:29 PM   #108
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
Quote:
Originally Posted by jim584672 View Post
I see some T Notes @ 1.9% 15 months to maturity. Rates keep going.
Yep, the FED will continue to push fed funds rates up until the markets start to blow up. Bond prices across the board will be getting more attractive.
__________________
*********Go Astros!*********
aja8888 is offline  
Old 03-25-2022, 01:40 PM   #109
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,155
Anyone else considering MYGAs instead of CDs/Certificates?

Many MYGAs give "some" liquidity - from 5-15% a year penalty-free withdrawal and also allow you to defer taxes on the interest. (Interest in a taxable account is only taxed when withdrawn, not when earned, like in a CD or Certificate).

I'm working to open a 2.75% 4-year at the moment. The process is more of a PITA so far than a CD or Certificate, but can't beat it that I know of.
24601NoMore is offline  
Old 03-25-2022, 02:47 PM   #110
Recycles dryer sheets
JohnnyBGoode's Avatar
 
Join Date: Apr 2016
Location: Bay Area
Posts: 187
I just got off the phone with my FIDO rep. He tells me that on Monday the Deferred Fixed Annuities that they carry will be going up to 2.75% for 3-year and 3% for 4-year duration. Note these are the jumbo (>$100K) rates. Finally looks like we are getting some movement.

I will likely be doing a 3-year one. Big jump from the 0.5% at Ally.
JohnnyBGoode is offline  
Old 03-25-2022, 02:54 PM   #111
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,581
Quote:
Originally Posted by 24601NoMore View Post
Anyone else considering MYGAs instead of CDs/Certificates?

Many MYGAs give "some" liquidity - from 5-15% a year penalty-free withdrawal and also allow you to defer taxes on the interest. (Interest in a taxable account is only taxed when withdrawn, not when earned, like in a CD or Certificate).

I'm working to open a 2.75% 4-year at the moment. The process is more of a PITA so far than a CD or Certificate, but can't beat it that I know of.
Not currently for me. Started building a at least a one year ladder based on 6 month treasury bills in the early stage of this increasing rate environment. Primarily to replace high yield savings and demand notes. May be adding longer term notes after a year or so.
RE2Boys is offline  
Old 03-25-2022, 02:58 PM   #112
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,155
Quote:
Originally Posted by JohnnyBGoode View Post
I just got off the phone with my FIDO rep. He tells me that on Monday the Deferred Fixed Annuities that they carry will be going up to 2.75% for 3-year and 3% for 4-year duration. Note these are the jumbo (>$100K) rates. Finally looks like we are getting some movement.

I will likely be doing a 3-year one. Big jump from the 0.5% at Ally.
Good info, thanks.

Not familiar with a Deferred Fixed Annuity. How do they differ from MYGAs?

Also - did he say what carrier(s) are going to 3% on the 4 year?

New York Life is going to 2.75% for 3-7 years (strangely enough). They're one of the highest rated out there. I've seen 3% from more questionable / smaller carriers, but no 3% 4-year from a highly rated company yet so am interested..
24601NoMore is offline  
Old 03-25-2022, 03:18 PM   #113
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
Quote:
Originally Posted by 24601NoMore View Post
Good info, thanks.

Not familiar with a Deferred Fixed Annuity. How do they differ from MYGAs?

Also - did he say what carrier(s) are going to 3% on the 4 year?

New York Life is going to 2.75% for 3-7 years (strangely enough). They're one of the highest rated out there. I've seen 3% from more questionable / smaller carriers, but no 3% 4-year from a highly rated company yet so am interested..
I think New York Life is going to 2.70% soon vs. 2.75%, but what is 5 basis points among friends?
__________________
TGIM
Dtail is offline  
Old 03-25-2022, 04:59 PM   #114
Thinks s/he gets paid by the post
 
Join Date: Dec 2015
Posts: 1,155
Quote:
Originally Posted by Dtail View Post
I think New York Life is going to 2.70% soon vs. 2.75%, but what is 5 basis points among friends?
Ahh, that's right. Good catch.
24601NoMore is offline  
Old 03-25-2022, 08:11 PM   #115
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
Quote:
Originally Posted by 24601NoMore View Post
Anyone else considering MYGAs instead of CDs/Certificates?

Many MYGAs give "some" liquidity - from 5-15% a year penalty-free withdrawal and also allow you to defer taxes on the interest. (Interest in a taxable account is only taxed when withdrawn, not when earned, like in a CD or Certificate).

I'm working to open a 2.75% 4-year at the moment. The process is more of a PITA so far than a CD or Certificate, but can't beat it that I know of.


Yes, i jumped over to MYGAs a little over one year ago and currently looking at 3% for 5yrs with 10% annual withdrawals for an A rated insurer. The tbills are getting my sttention now for shorter terms. There’s a new 1 yr MYGA @ 1% also.

Another plus is that you can lock in a rate when you apply but take 45 days to fund so if something better comes along you can go for the higher rate.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline  
Old 03-26-2022, 08:41 PM   #116
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
I was just looking at the MYGA rates on Blueprint Income and they have many selections flagged for rate increases in the near future. They have A rated issuer offer that is going to 3.2% for 5 yrs. Someone posted that the MYGA offers at Fido are increasing on Monday.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline  
Old 03-27-2022, 02:39 AM   #117
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
Quote:
Originally Posted by jazz4cash View Post
I was just looking at the MYGA rates on Blueprint Income and they have many selections flagged for rate increases in the near future. They have A rated issuer offer that is going to 3.2% for 5 yrs. Someone posted that the MYGA offers at Fido are increasing on Monday.
IIRC, the MYGA offers at Fidelity are for New York Life, so probably the NYL upcoming increase to 2.70%.
__________________
TGIM
Dtail is offline  
Old 03-28-2022, 02:03 AM   #118
Thinks s/he gets paid by the post
gcgang's Avatar
 
Join Date: Sep 2012
Posts: 1,568
Just liquidated my No Penalty Ally Bank CDs of 0.55% to purchase TBills.

The rep on the phone said they limit transfer outs to $150k per day, but I finally figured out how to do online and they accepted my instructions for more than that. We’ll see if they limit to $150 per day.
gcgang is offline  
Old 03-28-2022, 06:23 PM   #119
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 3,046
Found an old Bank Money Market statement from 1989. 9.62%!
Attached Images
File Type: png Screenshot at 2022-03-28 20-05-20.png (360.0 KB, 65 views)
jim584672 is offline  
Old 03-28-2022, 06:31 PM   #120
Thinks s/he gets paid by the post
 
Join Date: May 2019
Posts: 2,637
I have some money in Navy Federal Credit Union that I want to transfer out to get some better interest. It looks like you have to initiate transfer from NFCU checking to an external checking and are limited to $5000 in a day up to $15,000 over 5 days. Seems pretty restricted. Could I do a larger transfer to someplace like Fidelity?
GenXguy is online now  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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 09:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.