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Old 07-31-2023, 04:36 PM   #1621
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Ally Savings rate upped 25 bps to 4.25%.
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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Old 07-31-2023, 05:06 PM   #1622
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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%?
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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Old 07-31-2023, 05:49 PM   #1623
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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.
That makes perfect sense, just not the 4.25% bit.
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Old 07-31-2023, 06:52 PM   #1624
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Barclays online savings is at 4.35%.
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Old 07-31-2023, 07:41 PM   #1625
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CFG Bank HY savings account yields 5.17%.
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Old 07-31-2023, 09:49 PM   #1626
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Ally Savings rate upped 25 bps to 4.25%.

I'm hoping their CD's follow fairly soon.
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Old 08-01-2023, 06:20 AM   #1627
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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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Old 08-01-2023, 06:36 AM   #1628
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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
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Old 08-01-2023, 08:43 AM   #1629
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I'm hoping their CD's follow fairly soon.
Their no penalty CD was upped to 4.55% from 4.25%. Just an FYI
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Old 08-01-2023, 11:49 AM   #1630
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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%
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Old 08-02-2023, 06:57 AM   #1631
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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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Old 08-02-2023, 10:01 AM   #1632
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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+
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Old 08-02-2023, 01:05 PM   #1633
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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+
+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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Old 08-02-2023, 02:34 PM   #1634
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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.
As a rule, I push/pull money from Ally. One except for me has been Chase, which has 1 business transfer out.
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Old 08-03-2023, 08:04 AM   #1635
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Just sharing this article with the forum, in case some may find it of use:


Best No-Penalty CD Rates July 2023



https://www.kiplinger.com/personal-f...nalty-cd-rates


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Old 08-03-2023, 01:04 PM   #1636
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Just sharing this article with the forum, in case some may find it of use:


Best No-Penalty CD Rates July 2023



https://www.kiplinger.com/personal-f...nalty-cd-rates


GLTA
Another good place to check is Doctor of Credit.

https://www.doctorofcredit.com/high-...#Best_CD_Rates
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Old 08-03-2023, 01:12 PM   #1637
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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
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Old 08-03-2023, 01:50 PM   #1638
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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
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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Old 08-03-2023, 02:04 PM   #1639
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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.
That is my sentiment too.

10 year Treasury up 11 basis points today to 4.19%. Definitely on the move.
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Old 08-03-2023, 02:14 PM   #1640
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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.
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That is my sentiment too.

10 year Treasury up 11 basis points today to 4.19%. Definitely on the move.
Near term that makes sense to me too. Just wonder if/when CD's will see an impact at some point too.
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