Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 06-22-2023, 02:37 PM   #1501
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,744
Just picked up 15 month non-callable for 5.816% in secondary market.
njhowie is offline   Reply With Quote
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 06-22-2023, 02:42 PM   #1502
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 1,889
Quote:
Originally Posted by njhowie View Post
Just picked up 15 month non-callable for 5.816% in secondary market.

How many $K (approximately)? Whenever I spot something close to this it's like only 1 or 2 bonds left. Or the short duration + markup turns a 7% YTM on the fido bond search page into a -2% in the yield calculator.
Spock is offline   Reply With Quote
Old 06-22-2023, 02:52 PM   #1503
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,744
Quote:
Originally Posted by Spock View Post
How many $K (approximately)? Whenever I spot something close to this it's like only 1 or 2 bonds left. Or the short duration + markup turns a 7% YTM on the fido bond search page into a -2% in the yield calculator.

Just 5, I entered bid 0.1 below the ask and 30 seconds later, dealer took it. So, my yield is what was showing.
njhowie is offline   Reply With Quote
Old 06-22-2023, 02:54 PM   #1504
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 1,889
Quote:
Originally Posted by njhowie View Post
Just 5, I entered bid 0.1 below the ask and 30 seconds later, dealer took it. So, my yield is what was showing.

Interesting.... which platform allows you to bid? I've heard of others bidding on bonds but Fidelity's bond page scolds me if I don't enter a price that matches an existing offer to sell.
Spock is offline   Reply With Quote
Old 06-22-2023, 03:03 PM   #1505
Thinks s/he gets paid by the post
njhowie's Avatar
 
Join Date: Mar 2012
Posts: 3,744
Quote:
Originally Posted by Spock View Post
Interesting.... which platform allows you to bid? I've heard of others bidding on bonds but Fidelity's bond page scolds me if I don't enter a price that matches an existing offer to sell.

It's Fidelity. Have you tried recently? It allows it for CDs, as well as municipal bonds - both buying and selling, at least for me, COcheesehead, and jazz4cash.
njhowie is offline   Reply With Quote
Old 06-22-2023, 03:07 PM   #1506
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 10,890
Even BOA now has a new money deposit program yielding up to 4.5% in a MM account.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 06-22-2023, 03:39 PM   #1507
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: 36,749
Quote:
Originally Posted by Dtail View Post
Even BOA now has a new money deposit program yielding up to 4.5% in a MM account.
Where is that? Are they hiding it? Or is it at Merrill Lynch?
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 06-22-2023, 03:55 PM   #1508
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 10,890
Quote:
Originally Posted by audreyh1 View Post
Where is that? Are they hiding it? Or is it at Merrill Lynch?
It is actually BOA. I received an email on it. See below for some copied details.

Enroll by August 31, 2023

Click Enroll now or request enrollment with a
Bank of Americaģ associate.

2

Deposit New Money

Deposit New Money* directly into a new or existing Bank of America Advantage Savings account or Money Market IRA within thirty (30) days of enrolling.
New Money deposits of1)
12-month Promotional Rate
Annual Percentage Yield (APY)
$50,000 3.93% 4.00%
$100,000 4.17% 4.25%
$250,000+ 4.41% 4.50%
__________________
TGIM
Dtail is online now   Reply With Quote
Old 06-22-2023, 03:57 PM   #1509
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: 36,749
OK, thanks. I didnít get the promotional email yet.

Iím making more than 4.5% several other places.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 06-22-2023, 04:03 PM   #1510
Thinks s/he gets paid by the post
 
Join Date: Jul 2009
Posts: 1,520
Isn’t a quarter point about $25,000 a year with $10M?

Seems worthwhile.

Now, the same quarter point on $200K is about $500 so perhaps less interesting.

I always think of investments being affected by the Rule of Big Numbers.
stephenson is offline   Reply With Quote
Old 06-22-2023, 04:07 PM   #1511
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 10,890
Quote:
Originally Posted by audreyh1 View Post
OK, thanks. I didnít get the promotional email yet.

Iím making more than 4.5% several other places.
Agree, there are better rates, but not bad for them for the first time I believe.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 06-22-2023, 05:01 PM   #1512
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: 36,749
Yeah, just evaluating whether it’s worth bothering personally.

Interesting move, don’t think I’ve ever seen it before. BofA trying to attract deposits? Shocker!
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 06-22-2023, 08:25 PM   #1513
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 3,349
Anyone use NASA Credit Union? 5.65 percent on a 9 month share certificate, $10k minimum. Looks like it's easy to qualify and free.
Another Reader is offline   Reply With Quote
Old 06-22-2023, 09:07 PM   #1514
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,076
Quote:
Originally Posted by audreyh1 View Post
Yeah, just evaluating whether itís worth bothering personally.

Interesting move, donít think Iíve ever seen it before. BofA trying to attract deposits? Shocker!


Agree.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 06-22-2023, 09:10 PM   #1515
Thinks s/he gets paid by the post
 
Join Date: Jan 2019
Location: Sunny California
Posts: 2,371
I've been a NASA customer for about 15 years now and never had any big issues with them. I currently have some of my Roth there with all three of their high interest Promo specials but I've also had savings CDs over the years. Their specials generally apply to new money only although they have been known to waive that requirement for maturing CDs if you ask. A couple of years ago they flat out refused to do that so I moved all my Roth elsewhere but over the past few months I've dumped a lot back into their 49 month certificate.
RetiredAndLovingIt is online now   Reply With Quote
Old 06-22-2023, 09:10 PM   #1516
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,076
Quote:
Originally Posted by Another Reader View Post
Anyone use NASA Credit Union? 5.65 percent on a 9 month share certificate, $10k minimum. Looks like it's easy to qualify and free.


I use NASA I went the easy qualification route but I am within 30 minute of several branches. They have bungled an IRA direct transfer request but so has everyone else.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 06-22-2023, 09:11 PM   #1517
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,076
Quote:
Originally Posted by jazz4cash View Post
I use NASA I went the easy qualification route but I am within 30 minute of several branches. They have bungled an IRA direct transfer request but so has everyone else.


Edit: They usually say it has to be new money for their promo deals.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 06-23-2023, 07:21 PM   #1518
Thinks s/he gets paid by the post
 
Join Date: Jul 2009
Posts: 1,520
So, continued seeing NASA FCU mentioned with higher than average rates.

I really like the science and tech ethic at NASA, but not so much they're silly going to Mars thing.

Decided to open account ... anyone else done this using their "catch-all" membership option of one year free membership in a space organization?

Any real interest advantages or ....?
stephenson is offline   Reply With Quote
Old 06-23-2023, 07:31 PM   #1519
Thinks s/he gets paid by the post
 
Join Date: Jan 2013
Posts: 3,349
I did the application today. I checked the free membership, got no information. Would not upload my ID. You have to page through a number of disclosures and agreements before you can complete the process. You have to use a credit card or mail them a check for the deposit. Guess I will chat with them on Monday.
Another Reader is offline   Reply With Quote
Old 06-23-2023, 07:35 PM   #1520
Thinks s/he gets paid by the post
 
Join Date: Jul 2009
Posts: 1,520
Did all of that - website interface a bit clunky, but worked. Used cc to open. Got email confirming application. Standing by for approval.
stephenson is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 11 (0 members and 11 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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 07:20 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.