Just an observation, since last weeks .25% Fed increase I haven't noticed any brick and mortar or online banks increase their rates (at least here in CA) yet. I had a $100k CD at a local bank come due the other day and all they offered was 4.60% so I took my money and ran. Around here 5% seems to be the norm and unfortunately it's holding steady.
Feds might still be raising rates but that certainly doesn't mean banks are following like they were several months ago. At this point I'm more interested in longer terms than the rate itself anyway.
SWVXX creeped up to 5.2% today.
Makes it tough to decided what to do as my CD's mature. Buy more CD's and lock in the rates or add to these MM's and get a great return and the liquidity. Since I can't decide, I'm doing a little of both.This post made me look at SNAXX 5.35% today. All I can say for these 2 MMs is WOW!
Makes it tough to decided what to do as my CD's mature. Buy more CD's and lock in the rates or add to these MM's and get a great return and the liquidity. Since I can't decide, I'm doing a little of both.
That's what I am doing. But I sure would like to see long term treasuries go to 5%, then I will load up on those.
Makes it tough to decided what to do as my CD's mature. Buy more CD's and lock in the rates or add to these MM's and get a great return and the liquidity. Since I can't decide, I'm doing a little of both.
I bought a Sallie Mae 12 month CD at 5.5 percent but any other cash that appears will go into treasuries or hang out in the MM accounts. Property taxes for the rentals starting next month...
The bank has reduced the rewards (I think from 2% down to 1.50% or even 1.25%). Greater regulation and lower interchange fees have been squeezing those margins for years, but the most annoying part has been their fraud-alert and cancellation policy.
I've had the card since 1984 (nearly 40 years) but in the last few years it's been canceled twice and a replacement's been mailed out. The annoying part was that both times we were on slow travel-- and had sent in a travel notification-- and they mailed the replacement card to our home address. Then I'd have to call them and point out that we were having our mail held and wouldn't pick it up for another two months, so please mail the card to our location.
I'm simplifying my life to our Costco Citi Visa (and its rewards) with a NFCU Amex as a backup.
Not so much:
https://www.spglobal.com/marketinte...verses-amid-recent-regulatory-tumult-74176131
https://www.ksat.com/news/local/202...s-in-100-years-blames-inflation-weak-markets/
I don’t think their website is functioning currently to apply for membership. They’re probably swamped.Wish I qualified for this one
https://www.depositaccounts.com/banks/dexsta-cu/offers/
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