- Joined
- Sep 10, 2006
- Messages
- 4,095
I forgot the date for free freezes/thaws. Which credit report agency did they need?
Experian.
I forgot the date for free freezes/thaws. Which credit report agency did they need?
Experian.
I’m glad they knew and could tell you.
I think the 120 days after the bill passed meant later in September, but maybe credit bureaus already decided to not bother charging anymore.
I hope it's not the frozen credit because we will have the same issue. It's comforting to keep your credit frozen but sure is a PIA when you want to apply for something that requires a credit check.
I just opened a DiscoverBank account. No thaw required. No shenanigans. Just filled-out a form online and ACH'd the money from my CU. Only 1.8% APR, but getting $200 in cash as a new account bonus. When I pull from tax deferred accounts in December to fund all of 2019, I might research these CD opportunities, but at this point in the year, my after tax cash is low, and my tax advantaged accounts don't hold cash in very big amounts.
I forgot the date for free freezes/thaws. Which credit report agency did they need?
September 21 is the date the law is supposed to take effect.
I've mentioned this and similar bonus offers.
I did the Discover Savings Account offer last year. It is one of the best, because there are no fees, there is no early account closure restriction/fees, and you get your bonus in just a few weeks after funding the account. When I did it, I opened the account, had the bonus less than a month later, transferred all the money out immediately thereafter.
I've committed a small chunk of my savings just for churning these offers. It is worth the small effort involved - making significantly higher returns than on the high yield savings accounts.
The one I've done for the best return on "investment" - HSBC checking account - put $1500 in, they give you $200 bonus after 90 days. Can close the account 6 months after opening with no early closure fee.
Me too. I got my $200 bonus last month but haven't pulled the money out yet because 1.8% in a savings is hard to beat. However, how do you close out these accounts once you withdraw? do you have to call in or the 0 balance automatically triggers the closure after 30 or 60 days?
With Discover, just transfer all the money out back to your primary checking account. Because it's accumulating interest it may take you an extra cycle to get all the money out as interest will post at the end of the month and then you should transfer the interest the day it posts so no more interest accumulates. You can use the account closure form to close it when the balance settles to $0.
https://bank.discover.com/bankac/customerservice/docCenterPDFs/Account_Closure_Authorization.pdf
1.8% is a good rate at this time. However, that's 1.8% for a full year - so you'll collect $270 on your $15k balance over 12 months. Do this - take $10k of it, and move it over to Capital One and you'll get $200 in 60 days...more than it would make in the Discover account for a full year. On top of that, the Capital One interest rate is 1.85%.
https://www.capitalone.com/offer200/
Ah thanks for the tips! Unfortunately I already have a CapitalOne account from before...and almost all of the new offers require you don't have an active account with them. I need to start closing all the zero or near zero bank accounts out there that I previously used for cash back offers
Edit: I just looked into my CapOne account and turns out that I had a sharebuilder investment account that got scooped up by Capital One. Now looks like they're transferring it to ETrade soon according to the banner on top.
So may be I can open the account and see what happens.
I've been keeping an eye on the 2year CDs offered via Fidelity, as the 2 year seems to be a sweet spot*. Finally today the Morgan Stanley offers a 2.85% 2 year CD - up from the 2.8% CD offered by several banks for quite a while now.
The 2 year Treasury has been lagging, but catching up recently. It finally made it to 2.76% today.
*Not counting the 3.25% 15 month CD special offered by NASA FCU this month.
Simple girl, did you do ACH transfer?I'm all set up with my 3.25% CD at NASA! Applied Saturday, money transferred into CD this morning.
It was a much smoother process than I anticipated.
Do you typically buy new CDs or on the secondary market? Do you have a preference?
Only new for me so far.
Curious how you sort buying Treasuries at no cost vs buying OI CD's?
Personally not seeing much yield advantage in CDs over Treasuries and the cost for liquidity if necessary looks cheaper than CD penalties and/or sales commissions.
Simple girl, did you do ACH transfer?
I've got my $200 already! Given the 1.8% APR, the effective APR with the bonus stays above 3.25% for nearly 7 months!I've mentioned this and similar bonus offers.I just opened a DiscoverBank account. No thaw required. No shenanigans. Just filled-out a form online and ACH'd the money from my CU. Only 1.8% APR, but getting $200 in cash as a new account bonus. When I pull from tax deferred accounts in December to fund all of 2019, I might research these CD opportunities, but at this point in the year, my after tax cash is low, and my tax advantaged accounts don't hold cash in very big amounts.
I did the Discover Savings Account offer last year. It is one of the best, because there are no fees, there is no early account closure restriction/fees, and you get your bonus in just a few weeks after funding the account. When I did it, I opened the account, had the bonus less than a month later, transferred all the money out immediately thereafter.
I might need to try that next. Usually I don't mess around with stuff like this, but I could come to like itThe one I've done for the best return on "investment" - HSBC checking account - put $1500 in, they give you $200 bonus after 90 days. Can close the account 6 months after opening with no early closure fee.
Huh? NASA CU 15-month CD is 3.25%. Even the 30 year Treasury is less than that (@3.07%). The 12 month treasury yield is 2.49%, the 2 year is 2.66%.Curious how you sort buying Treasuries at no cost vs buying OI CD's?
Personally not seeing much yield advantage in CDs over Treasuries and the cost for liquidity if necessary looks cheaper than CD penalties and/or sales commissions.
Huh? NASA CU 15-month CD is 3.25%. Even the 30 year Treasury is less than that (@3.07%). The 12 month treasury yield is 2.49%, the 2 year is 2.66%.
Even with state tax free, that is a big yield advantage.