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02-19-2022, 10:55 PM
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#61
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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: 36,264
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Quote:
Originally Posted by Montecfo
Stick with 1.00.% savings account. no interest rate risk or.credit risk.
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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
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02-20-2022, 06:18 AM
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#62
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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: 36,264
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Quote:
Originally Posted by jazz4cash
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
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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
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02-20-2022, 06:38 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,174
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Quote:
Originally Posted by jazz4cash
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
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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
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02-20-2022, 08:04 AM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,545
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Quote:
Originally Posted by pb4uski
Same credit risk and negligible interest rate risk and none if held to maturity. Besides, I can easily but UST in an IRA.
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I can see that. I just wish we were talking about something more than 15 basis points!
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02-20-2022, 10:51 AM
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#65
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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: 8,309
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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.
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02-20-2022, 11:11 AM
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#66
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Recycles dryer sheets
Join Date: Apr 2019
Location: Omaha
Posts: 78
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I also appreciate the step by step. Thanks!
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02-20-2022, 12:45 PM
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#67
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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: 38,007
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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.
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03-01-2022, 10:04 AM
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#68
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,605
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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!
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03-01-2022, 01:50 PM
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#69
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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 Gotadimple
Live Oak Bank increases rates on their High Yield Savings Account to 0.6% starting 3/1, no minimum balance.
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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.
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03-19-2022, 10:53 AM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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Synchrony Banks savings account now 0.60%.
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03-21-2022, 07:44 AM
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#72
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 987
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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.
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03-22-2022, 08:35 AM
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#73
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,054
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1 year bills are 1.32% this morning. The CD rates are lagging.
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03-22-2022, 08:41 AM
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#74
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Thinks s/he gets paid by the post
Join Date: Jul 2002
Posts: 1,581
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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.
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03-22-2022, 10:24 AM
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#75
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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: 38,007
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Quote:
Originally Posted by Dash man
Synchrony Banks savings account now 0.60%.
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OK, creeping improvement!
__________________
Retired since summer 1999.
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03-22-2022, 10:26 AM
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#76
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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: 38,007
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Quote:
Originally Posted by jim584672
1 year bills are 1.32% this morning. The CD rates are lagging.
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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.
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03-23-2022, 07:06 AM
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#77
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Posts: 3,054
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1.55% 1 year bills right now, rates are popping.
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03-23-2022, 12:27 PM
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#78
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Recycles dryer sheets
Join Date: Apr 2016
Location: Bay Area
Posts: 187
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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.
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03-23-2022, 01:06 PM
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#79
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,328
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Quote:
Originally Posted by JohnnyBGoode
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.
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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.
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03-23-2022, 02:11 PM
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#80
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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: 17,171
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Quote:
Originally Posted by JohnnyBGoode
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.
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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.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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