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This rate is not for a CD, this is a standard savings account rate. So the big difference is having complete liquidity versus putting your money into a CD which typically will have an early withdrawal penalty if you need to access your funds before maturity. Also, if you lock yourself into a CD and rates continue to go higher, you may lose out on some additional interest at other banks as they increase their rates. Once I see rates start to come down, I'll probably put some money into a CD that matures in a few years to continue to earn high interest even as rates start to decline.
They are jumping the gun by a week, counting on a 1/2 percent increase by the Fed in the next meeting. Assuming that happens, by the end of the month other online savings accounts will be in the 4.5% to 5% range. Solid rate tho.
And yeah, if you have more than $250k in an account, you might want to break that up and have a few accounts to keep your balances under that threshold…But I bet you already knew that if you have that much cash sitting around.
Nah takes like a day. They just sit on our money and earn on their end for a week then allow it to post so we start earning. LOL
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Good thing I request the 5.25% last week. Already done.[/QUOTE
Is UFB offering 5.25% now? I had them bump me up to 5.06% when I saw that but I hadn't seen higher. Is there a simple way to track their newest rate?
As for the folks who feel they're getting 4.5%, I suspect they aren't calculating APY accurately.
No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.
No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.
4.5% was APR or APY? When I did the APY calculation on my account it came out to 5.02%
I just had mine adjusted to 5.25%. Thanks for mentioning that.
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And yeah, if you have more than $250k in an account, you might want to break that up and have a few accounts to keep your balances under that threshold…But I bet you already knew that if you have that much cash sitting around.
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Contacting CS to get it increased to the new 5.25% rate per https://slickdeals.net/f/16854260-ufb-high-yield-savings-earn-up-to-5-25-apy
Contacting CS to get it increased to the new 5.25% rate per https://slickdeals.net/f/16854260-ufb-high-yield-savings-earn-up-to-5-25-apy
Good thing I request the 5.25% last week. Already done.
Good thing I request the 5.25% last week. Already done.[/QUOTE
Is UFB offering 5.25% now? I had them bump me up to 5.06% when I saw that but I hadn't seen higher. Is there a simple way to track their newest rate?
As for the folks who feel they're getting 4.5%, I suspect they aren't calculating APY accurately.
Good thing I request the 5.25% last week. Already done.[/QUOTE
Is UFB offering 5.25% now? I had them bump me up to 5.06% when I saw that but I hadn't seen higher. Is there a simple way to track their newest rate?
As for the folks who feel they're getting 4.5%, I suspect they aren't calculating APY accurately.
No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.
No, it really was 4.5%. I moved most of my money to Primus and was just checking how much I had in there. You just use their messaging system to request a higher rate. Takes them a few days for the new rate to go into effect.
4.5% was APR or APY? When I did the APY calculation on my account it came out to 5.02%
I just had mine adjusted to 5.25%. Thanks for mentioning that.