 |
|
05-07-2022, 02:15 PM
|
#21
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
|
 Quote:
Originally Posted by Chuckanut
... IMO, Ally seems to be really dragging its feet (as are many others) and I don't see evidence that they will change and offer competitive rates.
|
They will become more competitive if/when they need to do so in order to get the deposits they need. No need to do it sooner & no different than any other bank.
__________________
Ignoramus et ignorabimus
|
|
|
 |
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!
|
|
05-07-2022, 02:29 PM
|
#22
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
|
Quote:
Originally Posted by OldShooter
They will become more competitive if/when they need to do so in order to get the deposits they need. No need to do it sooner & no different than any other bank.
|
I agree. I am sure they are finding a good supply of money at their current offerings.
My point was and is, I can find better returns with virtually no additional risk. They can keep their 0.6% no penalty account, and I will keep my money someplace else like a short term t-bill ladder. At least for now. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
|
05-07-2022, 02:41 PM
|
#23
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,299
|
Quote:
Originally Posted by Chuckanut
I looked at the Ally no-penalty CD, but if figured that for me, a series of laddered 6 month t-bills would earn me twice as much, provide plenty of liquidity, and still allow me to take advantage of rising rates. Currently the 6 month t-bill rate is over 2x the Ally no-penalty rate of 0.6%.
IMO, Ally seems to be really dragging its feet (as are many others) and I don't see evidence that they will change and offer competitive rates.
|
They might change if they start seeing outflows to other online banks.
__________________
TGIM
|
|
|
|
|
05-07-2022, 02:43 PM
|
#24
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,299
|
Quote:
Originally Posted by Spock
A couple of new quirks in the modern era compared to the Volcker Shock formula (real rates > than inflation rate) are:
1. the Fed also has a $30T balance sheet they can (partially) sell off in addition to raising the fed funds rate. There was an article where somebody postulated that every 100B in balance sheet normalization (Quantitative Tightening) equated to X% interest rate movement without moving the fed funds rate.
2. Debt levels are exponentially higher than previous generations which magnifys the impact of smaller interest rate hikes on the economy (and on % of gov budget spent on interest due to higher rates).
Place your bets and spin the wheel.
|
Yup, don't think we will really see any CD rates that are near any 1980's rates.
__________________
TGIM
|
|
|
|
|
05-07-2022, 03:48 PM
|
#25
|
|
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
|
Quote:
Originally Posted by Chuckanut
I looked at the Ally no-penalty CD, but if figured that for me, a series of laddered 6 month t-bills would earn me twice as much, provide plenty of liquidity, and still allow me to take advantage of rising rates. Currently the 6 month t-bill rate is over 2x the Ally no-penalty rate of 0.6%.
IMO, Ally seems to be really dragging its feet (as are many others) and I don't see evidence that they will change and offer competitive rates.
|
They will eventually. They have been competitive in the past. They’re dragging their feet at the moment, but will respond when funds start seriously getting pulled.
__________________
Retired since summer 1999.
|
|
|
|
|
05-10-2022, 05:46 PM
|
#26
|
|
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
|
Quote:
Originally Posted by audreyh1
Ally has fallen behind. They will be forced to increase their savings rate and thus their no penalty CD rate soon.
|
Well. Got notice from Ally today that their savings rate went up to 0.6%. Also the no penalty CD.
__________________
Retired since summer 1999.
|
|
|
|
|
05-10-2022, 08:02 PM
|
#27
|
|
Recycles dryer sheets
Join Date: Jan 2014
Posts: 456
|
Quote:
Originally Posted by audreyh1
They will eventually. They have been competitive in the past. They’re dragging their feet at the moment, but will respond when funds start seriously getting pulled.
|
They’re too slow. I’m moving funds for a better rate.
|
|
|
|
|
05-12-2022, 01:49 AM
|
#28
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
|
Quote:
Originally Posted by OldShooter
They will become more competitive if/when they need to do so in order to get the deposits they need. No need to do it sooner & no different than any other bank.
|
No source and too lazy to look: I have heard that banks are still awash in cash and don't need to raise rates - yet. I'm gonna wait until they start offering toasters again. 
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
|
|
05-12-2022, 07:19 AM
|
#29
|
|
Full time employment: Posting here.
Join Date: Mar 2015
Location: Somewhereville
Posts: 782
|
At these low interest rates they may not be offering toasters for a long while. You may need to settle for a peice of toast... unfortunately.
|
|
|
|
|
05-12-2022, 08:28 PM
|
#30
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
|
Quote:
Originally Posted by JDPaskall
At these low interest rates they may not be offering toasters for a long while. You may need to settle for a peice of toast... unfortunately.
|
Heh, heh, more like CRUMBS! 
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
|
|
05-12-2022, 08:54 PM
|
#31
|
|
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
|
Quote:
Originally Posted by PERSonalTime
They’re too slow. I’m moving funds for a better rate.
|
I’m sure many folks are doing the same. They will be forced to respond.
__________________
Retired since summer 1999.
|
|
|
|
|
05-13-2022, 12:48 PM
|
#32
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
|
Quote:
Originally Posted by PERSonalTime
They’re too slow. I’m moving funds for a better rate.
|
Let us know what that is please. 
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
|
|
05-13-2022, 01:23 PM
|
#33
|
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
|
Ally just sent me a notice for a 20 month CD @ 2.0%! Things are moving in the right direction.
https://www.ally.com/go/bank/20m-sel...P=EML400002574
__________________
*********Go Yankees!*********
|
|
|
|
|
05-13-2022, 03:36 PM
|
#34
|
|
Recycles dryer sheets
Join Date: May 2019
Posts: 100
|
Banks are kind of getting pinched right now on any loans they hold on their books. They can't sell them at the rates they wrote them at from a year or two ago so I think it's going to be a bit, yet.
Similar to your bonds right now. No one wants to buy them at the older/lower rates with out taking a haircut.
__________________
Just left the game, well it's been 5 years, a little less nervous. AA=80/0/20
May the LORD bless you and keep you; may His Face shine upon you and be gracious unto you; May He give you His peace!
|
|
|
|
|
05-13-2022, 04:45 PM
|
#36
|
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
|
__________________
*********Go Yankees!*********
|
|
|
|
|
05-13-2022, 04:50 PM
|
#37
|
|
Full time employment: Posting here.
Join Date: Jul 2018
Location: Valley of the Sun
Posts: 646
|
Brokered CDs at Fidelity 2.9% (as of the time of this post).
https://fixedincome.fidelity.com/ftgw/fi/FILanding
Seems like the brokered CDs are getting closer to Treasury rates at the shorter maturities (and already exceed them at the longer).
__________________
"... the astrologer who lived in a tumbled old tower up the valley, and put in his nights studying the stars. Every one knew he could foretell wars and famines, though that was not so hard, for there was always a war and generally a famine somewhere."
-- Mark Twain, The Mysterious Stranger
|
|
|
|
|
05-13-2022, 07:20 PM
|
#38
|
|
Recycles dryer sheets
Join Date: Jul 2012
Location: San Antonio
Posts: 140
|
Woo! Hoo! Let me know when I can get one at least even with inflation.
|
|
|
|
|
05-13-2022, 07:26 PM
|
#39
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,930
|
Quote:
Originally Posted by WWDog
Woo! Hoo! Let me know when I can get one at least even with inflation.
|
Heh, heh, not for a long time yet!
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
|
|
|
|
|
05-13-2022, 07:42 PM
|
#40
|
|
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
|
Quote:
Originally Posted by WWDog
Woo! Hoo! Let me know when I can get one at least even with inflation.
|
IBonds is it for now!
__________________
Retired since summer 1999.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
