Another Reader
Thinks s/he gets paid by the post
- Joined
- Jan 6, 2013
- Messages
- 3,413
Ally just went to 1.15. Waiting on Live Oak at 1.05 and Barclays at 1.10 to catch up.
Do you really only need a 3 or 4 month CD? Capital One has a 2.50% CD for 18 months. Do the math and see if the early withdrawal penalty still makes it a wiser choice.
I pulled all except a couple of thousand out of Ally this morning. This bit will probably go to Vanguard's Federal MM at 1.42 percent for now. It's also their settlement fund. Fido's premium MM is at 1.40 with $100k minimum with a sizeable portion in financial company paper.
I pulled all except a couple of thousand out of Ally this morning. This bit will probably go to Vanguard's Federal MM at 1.42 percent for now.
Easy way to check, add up all the coupons from the CD. T-Bill has a set value and returns to full face, so you know how much you will be getting between now and maturity. Compare the two amounts.
My roof is 23 years old, original shingles that are curling, they are architectural so it requires a complete strip down to the plywood cuz you can not put shingles on top of those. I need to take an RMD this year. My central air is also original at 23 years old and may need replacing soon. I have spent a lot on a repair and 2 leaks over the past few years and it may be better to just get a new system rather than spending money on one that will need repairs again in a year or 2. It is hard to rebalance asset allocation when you have longer term note or CD. I have almost $130k in my rollover account's settlement fund and if/when the market goes down a lot from here I would like to have a lot of that to add to equities.
For these reasons, I really prefer to keep fixed income short term turning it over since I really don't know when I might need a large amount of cash to fix a problem that would require immediate attention (roof or AC). Besides, I am not going to make much on any fixed income even if inflation was like the past 12 years which it is not now.
I'm surprised your homeowner's insurance company (if you have insurance) hasn't either told you to replace the roof or cancelled your coverage. Roofs in Florida, even though still good and functional, start becoming an issue for homeowner's insurance companies at around the 10 year old mark. A lot of homeowner's insurance companies in Florida won't even consider insuring a home whose roof is over 10 years old. I realize that is BS because you can get many more good years beyond 10 out of a roof. But it is what it is in Florida!
Mike
I see Graybeard is in the NE. I live in NH. We routinely get 20-30 years out of good old asphalt shingled roofs around here. I have never had my insurance company ask me how old my roof is.I'm surprised your homeowner's insurance company (if you have insurance) hasn't either told you to replace the roof or cancelled your coverage. Roofs in Florida, even though still good and functional, start becoming an issue for homeowner's insurance companies at around the 10 year old mark. A lot of homeowner's insurance companies in Florida won't even consider insuring a home whose roof is over 10 years old. I realize that is BS because you can get many more good years beyond 10 out of a roof. But it is what it is in Florida!
Mike
Fidelity is offering a 1 year 3.75% note that pays monthly rated A3/A
CITIGROUP GLOBAL MKTS HLDGS IN SER N
3.75000% 07/20/2023 MTN
CUSIP 17330PSX8
ISIN US17330PSX86
SEDOL --
Pay Frequency MONTHLY
Coupon 3.750
Maturity Date 07/20/2023
Moody's Rating A3
S&P Rating A
Issuer Events NO
Survivor Option NO
Bond Type Corporate Note
Sector FINANCE (NON-BANK)
Interest Accrual Date 07/20/2022
No, they're unique identifiers.Are CUSIPs unique to each brokerage?
I just checked my Ally checking account rate and it shows
"full interest rate 0.99505%". How can some people get 1.1% and I'm showing something less?
I'm surprised your homeowner's insurance company (if you have insurance) hasn't either told you to replace the roof or cancelled your coverage. Roofs in Florida, even though still good and functional, start becoming an issue for homeowner's insurance companies at around the 10 year old mark. A lot of homeowner's insurance companies in Florida won't even consider insuring a home whose roof is over 10 years old. I realize that is BS because you can get many more good years beyond 10 out of a roof. But it is what it is in Florida!
Mike
Nope. Both my Ally Savings and Checking show the same %.
"Showing full interest rate 0.99505%" Essentially 1%.
This also displayed on my web page.
ANNUAL PERCENTAGE YIELD
1.00%
I'll wait until after the weekend to see if the 1.15% interest hits.
Ally just raised theirs to 1.15%.
I'm not very active on the board anymore but I do check in on a few threads every now and again. After seeing the rate and info above I decided today is going to be the day to dip my toes into T-notes and bills. So I opened a brokerage account with Fidelity (already had a HSA account) and ordered qty 25 of the above after looking up the CUSIP.
Thanks so much for posting this information- it was the push I needed to take the leap
Are CUSIPs unique to each brokerage?
Looks like their 11 month NP CD is also going to 1.15%.
Doesn't make sense, why not higher?
No one will buy them with rates rising so quickly. Might as well ride out the increases in savings.
No one will buy them with rates rising so quickly. Might as well ride out the increases in savings.
WTI is back above $100 today, IIRC it was $104.XXThis morning when the jobs report was announced showing more jobs than the consensus estimate, yields increased.
But I don't know how it finished by close of market.
Bullard and one other Fed hawk said they will push for 75 basis points later this month.
There have been recent data showing drop in commodities and oil has dropped back below $100, lowest since like April. Even see gas coming down a bit in the last week or two in CA.
But CPI report is out next week. That will move markets and could be a big factor in what the Fed decides this month.