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08-10-2022, 12:53 PM
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#1221
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,873
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 Quote:
Originally Posted by Love This Community
How to buy US treasuries that are over 3%? I followed the ibond thread here and found it very helpful. Trying to see if there is a similar one for treasuries. I was debating between brokered CD and a treasury bill but for similar interest rates, US Treasuries seem like a no brainer because interest is not taxed. TIA.
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I buy treasuries at Fidelity, not TD (where you have to buy iBonds).
You can get find instructions here: https://thefinancebuff.com/treasury-...ey-market.html
He covers all the major brokers.
__________________
Eat, Drink and Be Merry.
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08-10-2022, 03:40 PM
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#1223
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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: 38,145
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This past Monday I bought a 6 month T-bill via auction that came in at 3.13% annualized. This was through Fidelity and their new issue treasury offerings.
__________________
Retired since summer 1999.
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08-11-2022, 04:29 AM
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#1224
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Full time employment: Posting here.
Join Date: Dec 2017
Posts: 943
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viobank MM just went to 2.1%
__________________
FIREd at 59.5 on 2019-01-18
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08-11-2022, 09:04 AM
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#1225
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Full time employment: Posting here.
Join Date: Mar 2021
Posts: 622
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Quote:
Originally Posted by audreyh1
This past Monday I bought a 6 month T-bill via auction that came in at 3.13% annualized. This was through Fidelity and their new issue treasury offerings.
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Mine was the same through Treasury Direct. I bought a 12 month also at 3.325%. I'm using $ in Marcus that I won't need for at least a year.
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08-11-2022, 09:40 AM
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#1226
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,612
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American Express announced a change in interest rates on their High Yield Savings account from 1.4% (announced 8/4) to 1.5% effective 8/11.
__________________
Only got A dimple, would have preferred 2!
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08-11-2022, 12:23 PM
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#1228
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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: 7,591
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Y'all really ought to check out CFG Bank's rates.
Money Market Savings now at 2.55%. 2nd hike this month.
CD's no slouch either. 12 month at 3.05 pct.
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08-11-2022, 12:58 PM
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#1229
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Thinks s/he gets paid by the post
Join Date: Jan 2019
Location: Sunny California
Posts: 2,616
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Another 4% (37 month) Certificate at Great River Federal Credit Union with a possible Bump feature. Ken at DepositAccounts.com will have more information soon.
https://www.greatriverfcu.org/money-...-certificates/
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08-11-2022, 01:55 PM
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#1230
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Thinks s/he gets paid by the post
Join Date: Oct 2013
Posts: 1,186
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Quote:
Originally Posted by Montecfo
Y'all really ought to check out CFG Bank's rates.
Money Market Savings now at 2.55%. 2nd hike this month.
CD's no slouch either. 12 month at 3.05 pct.
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From CFG Bank's website: **Due to volume – effective 8/11 we have temporarily suspended online account applications. All applications submitted prior to 8/11 will be processed normally, but may experience some delays. The system will be back up shortly. We apologize for any inconvenience. For any questions, please email contactus@cfg.bank.
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Best CD, MM Rates & Bank Special Deals Thread 2022 - Please post updates here
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08-11-2022, 04:23 PM
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#1231
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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: 8,327
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Best CD, MM Rates & Bank Special Deals Thread 2022 - Please post updates here
Quote:
Originally Posted by Gotadimple
American Express announced a change in interest rates on their High Yield Savings account from 1.4% (announced 8/4) to 1.5% effective 8/11.
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I just can’t fathom how a large financial institution would make such a tiny change in such a short span of time. Makes me wonder.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-11-2022, 07:10 PM
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#1232
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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Quote:
Originally Posted by jazz4cash
I just can’t fathom how a large financial institution would make such a tiny change in such a short span of time. Makes me wonder.
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And the new rate isn't competitive...
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08-11-2022, 07:24 PM
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#1233
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,351
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If a brokered CD says it pays interest semiannually, does that payment get added to the principal or paid out to my settlement fund, or do I get to choose when I buy it which way it gets handled?
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08-11-2022, 07:34 PM
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#1234
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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: 8,327
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Quote:
Originally Posted by disneysteve
If a brokered CD says it pays interest semiannually, does that payment get added to the principal or paid out to my settlement fund, or do I get to choose when I buy it which way it gets handled?
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Brokered CD interest gets paid out to your settlement fund.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-11-2022, 07:39 PM
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#1235
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Posts: 2,351
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Quote:
Originally Posted by jazz4cash
Brokered CD interest gets paid out to your settlement fund.
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Thanks
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08-11-2022, 08:09 PM
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#1236
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 7,438
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Quote:
Originally Posted by jazz4cash
Brokered CD interest gets paid out to your settlement fund.
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What happens to the principal?
Especially if you didn't set auto-rollover?
Also can you change the auto-rollover setting after buying the CD at Fidelity?
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08-11-2022, 08:25 PM
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#1237
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by explanade
What happens to the principal?
Especially if you didn't set auto-rollover?
Also can you change the auto-rollover setting after buying the CD at Fidelity?
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A matured instrument gets paid into your core settlement account.
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08-12-2022, 12:36 PM
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#1238
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,612
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Quote:
Originally Posted by jazz4cash
I just can’t fathom how a large financial institution would make such a tiny change in such a short span of time. Makes me wonder.
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I can. Competitive is a double-edged sword when it comes to banks and credit unions.
If they don't need the money, they don't have to compete against other banks that do need the deposits.
If they don't want to get criticized by the FDIC for having too many deposits and not using the money to make loans, they will manage the problem by not being competitive to target savers (and borrowers).
That said, for high yield savings account this rate is right in the middle of the pack, according to Bankrate.com
https://www.bankrate.com/banking/sav...ings-accounts/
__________________
Only got A dimple, would have preferred 2!
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08-13-2022, 09:21 AM
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#1239
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,796
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Was going to buy some Penfed 5 or 7 year CDs at 3.2% but don't have the right phone with me for two factor authentication ! Will have to wait til Monday. Arggghh.
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08-13-2022, 10:01 AM
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#1240
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Recycles dryer sheets
Join Date: Mar 2014
Posts: 164
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Quote:
Originally Posted by John Galt III
Was going to buy some Penfed 5 or 7 year CDs at 3.2% but don't have the right phone with me for two factor authentication ! Will have to wait til Monday. Arggghh.
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There are institutions offering much higher rates than 3.2% for 5-year CDs right now.
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