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02-17-2023, 11:58 AM
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#301
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Recycles dryer sheets
Join Date: Oct 2008
Posts: 433
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Fido Just saw a 5% 1 year cd not call protected JP Morgan Chase.
Rates getting better.
Oldmike
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02-17-2023, 03:19 PM
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#302
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Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,821
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 Quote:
Originally Posted by Dtail
Ally Bank has an 18 month CD for 5%.
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Thanks - more useful than the continuous posts about the savings account rates and money market funds going up a small fraction of one percent.
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02-17-2023, 03:26 PM
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#303
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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Quote:
Originally Posted by GenXguy
Thanks - more useful "To Me" than the continuous posts about the savings account rates and money market funds going up a small fraction of one percent.
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Highlighted by me. I personally find all the information useful until someone takes the discussion completely off point.
I personally have no interest in Ally, that does not mean is not useful to know.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-17-2023, 08:37 PM
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#304
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Full time employment: Posting here.
Join Date: Apr 2015
Posts: 580
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Quote:
Originally Posted by Dtail
Ally Bank has an 18 month CD for 5%.
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Not sure how I missed that one this morning! I saw the ongoing 12 month 4.25% CD so I went ahead and opened a second, 11 month 5% CD with Capital One. Would rather have had that 18 month account.
Oh well, hopefully rates will still be around 5% in 11 months. Who knows, maybe they'll be 6% by then!
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02-18-2023, 08:53 AM
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#305
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Dryer sheet wannabe
Join Date: Nov 2022
Location: Canonsburg
Posts: 21
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Checked 7-day Tax Free MMF Rates this morning:
SWTXX 3.43%
FTEXX 3.43%
VMSXX 3.74%
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02-18-2023, 09:10 AM
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#306
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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Quote:
Originally Posted by MSDalt
Checked 7-day Tax Free MMF Rates this morning:
SWTXX 3.43%
FTEXX 3.43%
VMSXX 3.74%
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Does income from these go towards MAGI for ACA purposes?
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-18-2023, 09:39 AM
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#307
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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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Quote:
Originally Posted by ShokWaveRider
Does income from these go towards MAGI for ACA purposes?
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Yes it does. Also for IRMAA purposes.
__________________
Retired since summer 1999.
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02-18-2023, 09:48 AM
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#308
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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Quote:
Originally Posted by audreyh1
Yes it does. Also for IRMAA purposes.
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Thanks but  .
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-18-2023, 04:20 PM
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#309
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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 Spock
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What is the advantage in putting $100k into this MM as opposed to a CD?
These MM funds have expense ratios which are not zero.
If one is planning to buy equities?
Fidelity says $100k required to initially buy. But you don't have to maintain balances over that?
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02-18-2023, 04:23 PM
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#310
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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Quote:
Originally Posted by explanade
What is the advantage in putting $100k into this MM as opposed to a CD?
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To keep powder dry.
Quote:
Originally Posted by explanade
These MM funds have expense ratios which are not zero.
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That is included in the 7 day yield.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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02-18-2023, 04:45 PM
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#311
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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: 11,299
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Quote:
Originally Posted by explanade
What is the advantage in putting $100k into this MM as opposed to a CD?
These MM funds have expense ratios which are not zero.
If one is planning to buy equities?
Fidelity says $100k required to initially buy. But you don't have to maintain balances over that?
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Only need 100k to initiate, but then any balance will suffice.
__________________
TGIM
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02-18-2023, 04:51 PM
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#312
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,961
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Quote:
Originally Posted by explanade
...
Fidelity says $100k required to initially buy. But you don't have to maintain balances over that?
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100K minimum for regular accounts. 10K minimum for tax deferred.
And once you've met the minimums and are in the fund, you can drain the balance as needed when buying other assets.
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02-18-2023, 06:17 PM
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#313
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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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Quote:
Originally Posted by explanade
What is the advantage in putting $100k into this MM as opposed to a CD?
These MM funds have expense ratios which are not zero.
If one is planning to buy equities?
Fidelity says $100k required to initially buy. But you don't have to maintain balances over that?
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The MM yield is after expense ratio.
MM funds are far more liquid than CDs.
You don’t have to leave the entire $100K in the fund all the time. That’s just to open it. There are other funds that get close in yield that don’t require $100K initially.
__________________
Retired since summer 1999.
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02-19-2023, 01:10 PM
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#314
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,951
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Quote:
Originally Posted by explanade
What is the advantage in putting $100k into this MM as opposed to a CD?
These MM funds have expense ratios which are not zero.
If one is planning to buy equities?
Fidelity says $100k required to initially buy. But you don't have to maintain balances over that?
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Advantages:
Liquid
Rising rates will result in higher MM rates
Can sometimes be marginable
Disadvantages:
Not FDIC insured
Subject to falling rates (vs. lock in for CD)
Most MM funds have written in the ability to delay withdraws (e.g. if there is a run on the fund)
If one is planning on buying equities, better to have in a MM than in a CD that you would have to sell in the secondary market.
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02-19-2023, 03:55 PM
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#315
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Recycles dryer sheets
Join Date: Apr 2014
Posts: 50
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Ally refused my 500 bonus, I thought I read the rules carefully but I believe now the funds I withdrew from Ally on Oct 18 and redeposited on Oct 28 didn't qualify as New Money. I think they updated language on Oct 20 to include 10/12 as the start date from which funds couldn't be withdrawn and redeposited later and still qualify.
Darn.
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02-21-2023, 08:52 AM
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#316
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Just picked up a few 1 year non-callables in secondary market with YTM of 5.8%
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02-21-2023, 08:55 AM
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#317
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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Quote:
Originally Posted by njhowie
Just picked up a few 1 year non-callables in secondary market with YTM of 5.8%
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What did you buy? CD? Bond?
__________________
*********Go Yankees!*********
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02-21-2023, 09:55 AM
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#318
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Quote:
Originally Posted by aja8888
What did you buy? CD? Bond?
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Yes, CDs
919853HP9 @ 99.0
919853HN4 @ 99.033
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02-21-2023, 11:18 AM
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#319
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Recycles dryer sheets
Join Date: Oct 2007
Location: Georgetown
Posts: 423
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Wrong thread.
__________________
"Adventure is just bad planning"
Roald Amundsen
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02-22-2023, 07:34 AM
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#320
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 804
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I purchased this one this morning: Tradition Capital Bank CUSIP: 89269FES0. A 3-year, callable with a YTM of 5.064% and it pays monthly (4.950%). And the 1st call is not until March, 2024
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