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07-31-2023, 04:36 PM
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#1621
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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: 7,344
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 Quote:
Originally Posted by Dtail
Ally Savings rate upped 25 bps to 4.25%.
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I know you are a smart Guy Dtail, so why would you put you cashish there when Schwab SWVXX is 5.06% and SNAXX is 5.21%?
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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07-31-2023, 05:06 PM
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#1622
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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: 10,890
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Quote:
Originally Posted by ShokWaveRider
I know you are a smart Guy Dtail, so why would you put you cashish there when Schwab SWVXX is 5.06% and SNAXX is 5.21%?
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Good question.
For most of my cash, I keep it in the Fidelity version of the Schwab account which currently yields 5.01%.
I bulk transfer a chunk of money every few months from Fidelity to Ally and then to BOA for monthly expenses.
The larger monies are kept in Fidelity, which are slated for investment purposes such as CD's. MYGA's, etc.
So there is a little loss of yield along the way. As to Schwab vs. Fidelity, that is a whole other conversation and I have been a Fidelity guy forever.
__________________
TGIM
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07-31-2023, 05:49 PM
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#1623
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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: 7,344
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Quote:
Originally Posted by Dtail
Good question.
For most of my cash, I keep it in the Fidelity version of the Schwab account which currently yields 5.01%.
I bulk transfer a chunk of money every few months from Fidelity to Ally and then to BOA for monthly expenses.
The larger monies are kept in Fidelity, which are slated for investment purposes such as CD's. MYGA's, etc.
So there is a little loss of yield along the way. As to Schwab vs. Fidelity, that is a whole other conversation and I have been a Fidelity guy forever.
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That makes perfect sense, just not the 4.25% bit. 
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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07-31-2023, 06:52 PM
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#1624
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Full time employment: Posting here.
Join Date: Jan 2010
Posts: 692
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Barclays online savings is at 4.35%.
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07-31-2023, 07:41 PM
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#1625
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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: 7,217
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CFG Bank HY savings account yields 5.17%.
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07-31-2023, 09:49 PM
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#1626
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Full time employment: Posting here.
Join Date: Apr 2015
Posts: 545
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Quote:
Originally Posted by Dtail
Ally Savings rate upped 25 bps to 4.25%.
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I'm hoping their CD's follow fairly soon.
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08-01-2023, 06:20 AM
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#1627
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 3,266
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I bought a 1yr CD at 5.3% and a 2yr CD at 5.05% through Schwab yesterday. Both were non-callable. There may be some that may be a little bit higher if callable but I am happy with my choices. I also have a CD that matures in another month that will be used to buy another while the rates are up. No crystal ball here so I will keep buying as money becomes available and the rates are good.
I am in the spending down phase of life so chasing after higher returns in stock purchases is not my plan now. I have more than enough MFs and stocks as it is.
Cheers!
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08-01-2023, 06:36 AM
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#1628
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Arizona
Posts: 747
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A bit longer duration: 2.5 yrs, non-callable, First Foundation Bank. Coupon is 4.950%/YTM is 5.011% ID#32026UV86
__________________
Retired June, 2016. Never looked back.
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08-01-2023, 08:43 AM
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#1629
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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: 10,890
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Quote:
Originally Posted by Drake3287
I'm hoping their CD's follow fairly soon.
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Their no penalty CD was upped to 4.55% from 4.25%. Just an FYI
__________________
TGIM
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08-01-2023, 11:49 AM
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#1630
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,547
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American Express increases it's interest rate on High Yield savings from 4.00 APY to 4.15 APY effective 8/1. Nice bump for a somewhat traditional bank, even if it is all internet-based.
CD rates are all over the board: 4.75% for 12-months, 4.25% for 24-months, 3.00% for 60 months, all other terms range from 1.00% to 1.20%
__________________
Only got A dimple, would have preferred 2!
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08-02-2023, 06:57 AM
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#1631
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Recycles dryer sheets
Join Date: Aug 2020
Location: GUYS MILLS
Posts: 148
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Marcus by Goldman Sachs is at 4.15%. If you're willing to jump thru some hoops you can get that to 5.25%. You need to sign up with a bonus referral you can easily find on Reddit to gain an additional 1% for 3 months. Add AARP to get an additional .1%. Once you open an account you will get your own referrals (5) which you can post on Reddit or elsewhere to get an additional 3 months for every referral effectively giving you 18 months of the higher rate if all your referrals are used. Within 2 weeks all my referrals on Reddit were used. The Good - you start earning interest when you initiate transfers into Marcus and their transfers are seamless. The Bad - no debit cards or checks and it's sort of a PIA with all the moving parts to maximize your rate.
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08-02-2023, 10:01 AM
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#1632
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,329
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Cit Bank Platinum is at 5.05% APY on minimum balance of $5K. Also free wire transfer if balance is $25K+
__________________
I look to the present moment because that's where I live my life.
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08-02-2023, 01:05 PM
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#1633
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Recycles dryer sheets
Join Date: Sep 2021
Posts: 184
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Quote:
Originally Posted by MJ
Cit Bank Platinum is at 5.05% APY on minimum balance of $5K. Also free wire transfer if balance is $25K+
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+1. The only thing needs to watch is pulling from CIT side would take a few business days before available, no like Ally which you can pull the next business day. So I try to push to CIT, which is available right away.
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08-02-2023, 02:34 PM
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#1634
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,329
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Quote:
Originally Posted by xlf11
+1. The only thing needs to watch is pulling from CIT side would take a few business days before available, no like Ally which you can pull the next business day. So I try to push to CIT, which is available right away.
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As a rule, I push/pull money from Ally. One except for me has been Chase, which has 1 business transfer out.
__________________
I look to the present moment because that's where I live my life.
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08-03-2023, 01:12 PM
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#1637
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,512
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I'm wondering what (if anything) the downgrade of us government debt will have on the fixed income markets.
https://abcnews.go.com/US/wireStory/...aded-101965250
__________________
Spending my time as wisely as I can, since I don’t know what my time account balance is.
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08-03-2023, 01:50 PM
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#1638
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,170
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Quote:
Originally Posted by Car-Guy
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My *guess* would be that Treasuries end up having a lower purchase cost, as the risk is higher, so more return is expected. Ditto Agency bonds.
__________________
"Be kind whenever possible. It is always possible." Dalai Lama
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08-03-2023, 02:04 PM
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#1639
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Full time employment: Posting here.
Join Date: May 2011
Posts: 758
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Quote:
Originally Posted by calmloki
My *guess* would be that Treasuries end up having a lower purchase cost, as the risk is higher, so more return is expected. Ditto Agency bonds.
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That is my sentiment too.
10 year Treasury up 11 basis points today to 4.19%. Definitely on the move.
__________________
you interpret daily life according to your ideas of what is possible or not possible - Seth Speaks
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08-03-2023, 02:14 PM
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#1640
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,512
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Quote:
Originally Posted by calmloki
My *guess* would be that Treasuries end up having a lower purchase cost, as the risk is higher, so more return is expected. Ditto Agency bonds.
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Quote:
Originally Posted by 11522914
That is my sentiment too.
10 year Treasury up 11 basis points today to 4.19%. Definitely on the move.
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Near term that makes sense to me too. Just wonder if/when CD's will see an impact at some point too.
__________________
Spending my time as wisely as I can, since I don’t know what my time account balance is.
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