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03-24-2022, 12:56 PM
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#101
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Full time employment: Posting here.
Join Date: Jun 2015
Location: Redmond
Posts: 891
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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.
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03-24-2022, 04:30 PM
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#102
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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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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.
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03-24-2022, 05:15 PM
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#103
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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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^^^ 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
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03-24-2022, 05:44 PM
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#104
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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 pb4uski
^^^ 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.
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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.
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03-24-2022, 06:19 PM
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#105
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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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Quote:
Originally Posted by disneysteve
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?
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I get 0.55% from rolling it over into the no penalty CD. 0.05% bonus for rollover.
__________________
Retired since summer 1999.
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03-24-2022, 06:20 PM
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#106
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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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Quote:
Originally Posted by Helen
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%
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Yes.
__________________
Retired since summer 1999.
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03-25-2022, 08:45 AM
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#107
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,046
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I see some T Notes @ 1.9% 15 months to maturity. Rates keep going.
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03-25-2022, 12:29 PM
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#108
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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Quote:
Originally Posted by jim584672
I see some T Notes @ 1.9% 15 months to maturity. Rates keep going.
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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!*********
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03-25-2022, 01:40 PM
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#109
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,155
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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.
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03-25-2022, 02:47 PM
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#110
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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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.
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03-25-2022, 02:54 PM
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#111
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,581
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Quote:
Originally Posted by 24601NoMore
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.
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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.
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03-25-2022, 02:58 PM
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#112
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,155
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Quote:
Originally Posted by JohnnyBGoode
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.
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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..
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03-25-2022, 03:18 PM
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#113
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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 24601NoMore
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..
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I think New York Life is going to 2.70% soon vs. 2.75%, but what is 5 basis points among friends?
__________________
TGIM
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03-25-2022, 04:59 PM
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#114
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,155
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Ahh, that's right. Good catch.
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03-25-2022, 08:11 PM
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#115
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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 24601NoMore
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.
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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.
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03-26-2022, 08:41 PM
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#116
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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 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.
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03-27-2022, 02:39 AM
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#117
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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 jazz4cash
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.
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IIRC, the MYGA offers at Fidelity are for New York Life, so probably the NYL upcoming increase to 2.70%.
__________________
TGIM
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03-28-2022, 02:03 AM
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#118
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Posts: 1,568
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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.
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03-28-2022, 06:23 PM
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#119
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,046
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Found an old Bank Money Market statement from 1989. 9.62%!
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03-28-2022, 06:31 PM
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#120
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Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,637
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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?
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