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Old 01-01-2018, 08:44 AM   #121
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American Express Bank went up to 1.35% in their high yield savings account a couple of weeks ago.
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Old 01-01-2018, 08:53 AM   #122
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Still sitting on $2.5m in 3% till December 2018. I hope there will be more options in the 3% range then.
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Old 01-01-2018, 03:25 PM   #123
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Originally Posted by Golden sunsets View Post
The 1.75% no penalty rate is also the most competitive, that I've seen...The higher rate does expire on 1/2 according to the Ally website.
Ally also has a 2.00% CD, if you don't mind the penalty risk. That rate also expires 1/2/18.
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Old 01-09-2018, 02:58 PM   #124
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Synchony Bank has a 2% 12 month CD. Minimum $2K deposit. I did not see a max limit.
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Old 01-09-2018, 05:00 PM   #125
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Synchony Bank has a 2% 12 month CD. Minimum $2K deposit. I did not see a max limit.
This is a 90 days simple interest penalty for early withdrawal and I’ve never noticed a max at Synchrony.
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Old 01-13-2018, 02:17 PM   #126
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It's been a while since I've seen a 3% 5-year offer. But, now there's this:

https://www.depositaccounts.com/bank...-union/offers/

Taking the PenFed and Northwest FCU 3% deals when they came out has worked out for us. It's less clear that going out 5-years now is a good idea.
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Old 01-13-2018, 03:19 PM   #127
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It's been a while since I've seen a 3% 5-year offer. But, now there's this:

https://www.depositaccounts.com/bank...-union/offers/

Taking the PenFed and Northwest FCU 3% deals when they came out has worked out for us. It's less clear that going out 5-years now is a good idea.
We did the exact same thing - bought 3% CDs from both outfits. And I also agree with you - given the economy and where interest rates seem to be going, I wouldn't take out a 5 year at 3% today, unless you're willing to pay the penalty for early withdrawal.
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Old 01-13-2018, 03:37 PM   #128
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Live Oak usually has rates that are near the top of the pack. I've got 8 CDs there, spread out over a 2yr ladder. It's convenient for rollovers etc. to have everything in one place. Do you guys just hop around and rollover to whatever bank has the absolute max? Do you find it worth it for an extra few tenths of a percent?
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Old 01-13-2018, 04:32 PM   #129
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Live Oak usually has rates that are near the top of the pack. I've got 8 CDs there, spread out over a 2yr ladder. It's convenient for rollovers etc. to have everything in one place. Do you guys just hop around and rollover to whatever bank has the absolute max? Do you find it worth it for an extra few tenths of a percent?
It isn't just about CDs vs CDs. A few tenths of a percent will make the difference between choosing a CD or a short term bond fund.
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Old 01-13-2018, 05:03 PM   #130
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I see. But there's still the issue of moving money around from the brokerage to the bank, or one bank to another, and keeping track of it all, right? Do you just find it not that big of a hassle?
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Old 01-13-2018, 05:05 PM   #131
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It isn't just about CDs vs CDs. A few tenths of a percent will make the difference between choosing a CD or a short term bond fund.
Other options include brokered CDs. Both, Vanguard and Fidelity have 2-year CDs yielding 2.25%.

Even 2-year Treasuries just broke 2% for the first time since the start of the big recession. They are state tax free. I haven't considered them for a long time. But, they're starting to look interesting again.

This graphic https://www.cnbc.com/quotes/?symbol=US2Y is a pretty dramatic illustration of where short term interest rates are trending.
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Old 01-13-2018, 05:14 PM   #132
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I see. But there's still the issue of moving money around from the brokerage to the bank, or one bank to another, and keeping track of it all, right? Do you just find it not that big of a hassle?
My short term fixed income holdings include CDs, VFSUX (Vanguard short term bond) and I Bonds. I generally only have to choose between them when a CD comes due. So no, moving money from one place to another every couple years is not something I consider a hassle.
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Old 01-13-2018, 06:05 PM   #133
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I see. But there's still the issue of moving money around from the brokerage to the bank, or one bank to another, and keeping track of it all, right? Do you just find it not that big of a hassle?
Well Quicken knows where everything is and transfers usually take 1 day, so hassle factor is very low for taxable accounts.
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Old 01-14-2018, 12:23 PM   #134
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Originally Posted by adrift View Post
It's been a while since I've seen a 3% 5-year offer. But, now there's this:

https://www.depositaccounts.com/bank...-union/offers/

Taking the PenFed and Northwest FCU 3% deals when they came out has worked out for us. It's less clear that going out 5-years now is a good idea.
But if you are maintaining a ladder of CDs, like 5 years, you take the best 5 year rate you can find each year. Over the course of the ladder you scoop up both the highs and the lows.
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Old 01-14-2018, 04:28 PM   #135
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I see. But there's still the issue of moving money around from the brokerage to the bank, or one bank to another, and keeping track of it all, right? Do you just find it not that big of a hassle?


I'm finding it to be a pain moving funds around. Right now I am annoyed with Ally, NFCU and Penfed. The only one I haven't had any issues with is Fido. It's causing me to re-think my hassle vs reward ratio. No problems with tracking but it'll be interesting at tax time since I have rollovers/transfers from A to B to C and back to A.
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Old 01-14-2018, 05:20 PM   #136
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^ I'm surprised at this statement. I find it very fast, simple and hassle-free (and free) to move funds around.
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Old 01-14-2018, 06:19 PM   #137
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I see. But there's still the issue of moving money around from the brokerage to the bank, or one bank to another, and keeping track of it all, right? Do you just find it not that big of a hassle?
I DO find it a hassle. Went to open up another NFCU CD - and had to choose a bunch of new security questions. Then one of my bank links was no good. Had to call in to finally get it sorted out and opened a small place-holder CD.
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Old 01-14-2018, 06:37 PM   #138
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American Express Bank went up to 1.35% in their high yield savings account a couple of weeks ago.
DollarSavingsDirect.com also raised a few weeks ago to 1.6%
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Old 01-14-2018, 08:02 PM   #139
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I scraped spare money out of a number of our savings and checking accounts and stuck the proceeds on our 3% Penfed home mortgage. If writing off home interest isn't going to be of value compared to a standard deduction and I have to pay tax on interest earned then what the heck - 3% saved is way better than 1.6% earned.
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Old 01-14-2018, 08:16 PM   #140
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I'm finding it to be a pain moving funds around. Right now I am annoyed with Ally, NFCU and Penfed. The only one I haven't had any issues with is Fido. It's causing me to re-think my hassle vs reward ratio. No problems with tracking but it'll be interesting at tax time since I have rollovers/transfers from A to B to C and back to A.
PenFed is weird. You have to initiate the ACH from outside to pull money out or else they have very limited amounts if you initiate ACH from inside to outside.
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