Open a capital one savings account by 12/24 and fund the account in 15 days and have a party. You have to hold the fund for 90 days. APY 2.35% as we speak.
I guess this is similar to Ally bank doing 1% bonus deal, but Capital one has physical banks in North East and customer service is better than Ally Bank
Up to $1000 bonus based on your deposit amount.
https://www.capitalone.com/bank/fall22/
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You are welcome
I know of a guaranteed rate of return of over 8% with one of the safest investment vehicles. Everyone that reads this look up "I bonds" through the treasurydirect.gov website (government) and recent videos on YouTube. It's based off of the CPI inflation number. Caveat is you have to hold the funds for 12 months before you can withdraw and the government is only allowing $10,000 per person invested. But anyone with a social security number including your kids can invest 10K. Also learn about the gift box loophole.
Just YouTube "I bonds". I just found out about them a few days ago. Just make sure you invest before the end of the month so you lock in the 9.62% interest rate on the bond. You will get that for 6 months and then I believe 6.4% for the following because they have already announced the inflation number. It's a government bond You can purchase in like 5 or 10 minutes on the government website. Kind of like treasuries.
This is not spam. Just trying to help everyone protect themselves from the devaluing dollar. Although banks seem safe, anything can happen with a commercial bank. We just have never lived through it. Almost with Lehman Brothers and Bear Stearns in the last global financial collapse. This is a government-backed bond with a incredibly high interest rate. The only guaranteed investment right now. Just make sure it's only the cash that you were intending to park and not use for 12 months.
Batten down the hatches. Eventually when this all plays out, it is going to be a wild one. Sorry to sound grim. I study this stuff.
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Where was this?
It seems to me there are a few important questions about bank cd's!
1. APY
2, Early termination penalty.
3. MAX Limits on "FREE" transfers:
A. Daily
B. Weekly
C. Monthly
4. Wire Transfer Fees for transfers above the MAX Limits.
5. Do they have Joint Accounts available?
I have found that the so called websites that specialize in quoting this information are largely a bunch of useless obfuscation. They earn their money by NOT QUOTING the information I need to decide the truth about the above questions, Example: bankrate.com nerdwallet.com etc.,etc.,
When you get a short list to compare, you have to call each bank to get the information about early termination penalties, and the transfer limits per day etc. Or spend a ridiculous amount of time searching their websites to answer these simple queries.
Does anyone know of an alternative to get to the truth about the offers made by our sorry assed banks in this country? I for one would be willing to pay $$ for this information!
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