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List of highest savings accounts rates?
June 29, 2023 at
07:08 AM
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Last Edited by RighterOn June 29, 2023 at 07:33 AM
Hi all,
Anyone know where to find a list like this? The problem is that every list I can find, including the one hosted by this site, is really thinly-veiled advertising (meaning that what's being listed is based on what the site is being paid, not actual best rates).
Thanks.
Anyone know where to find a list like this? The problem is that every list I can find, including the one hosted by this site, is really thinly-veiled advertising (meaning that what's being listed is based on what the site is being paid, not actual best rates).
Thanks.
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My 2 cents.
My 2 cents.
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To each his own. 17 week T-bills are now at about 5.4% and likely to go up again when the Fed raises rates this month. You can also get T-bills through most online brokerages at no commission though outside of maybe some beneficiary\estate planning aspects the brokerages might offer you on your accounts or being able to sell the T-bills off before maturity, I can't see any advantage of using them over Treasury Direct.
All yields from US gov securities cannot be taxed by state and local authorities. They still are taxable by the feds obviously. The Treasury has a schedule for when they hold auctions for their securities. See:
https://home.treasury.g
https://www.treasurydir
Each security is usually on a different timing schedule. 17 week t-bills for example usually have auctions on Wed for T-bills being sold\settled the following Tues. So you have to put in the order by Wed and they sell you the t-bill at the avg auction result the following Tues,
The rates on short term treasuries will generally follow the Fed's trend. So when the Fed raises rates by 0.25% on July 25-26 as they are expedited to do, normally that will result in the auction rates going up some, though obviously nothing is guaranteed when dealing with auction results as it depends on the demand.
https://home.treasury.g
https://www.treasurydir
Each security is usually on a different timing schedule. 17 week t-bills for example usually have auctions on Wed for T-bills being sold\settled the following Tues. So you have to put in the order by Wed and they sell you the t-bill at the avg auction result the following Tues,
The rates on short term treasuries will generally follow the Fed's trend. So when the Fed raises rates by 0.25% on July 25-26 as they are expedited to do, normally that will result in the auction rates going up some, though obviously nothing is guaranteed when dealing with auction results as it depends on the demand.
What is the advantage to using treasury direct vs an etf like BIL or SGOV or others if someone has one they'd recommend that are better?
You mean outside of not paying fees to some fund and getting less of a return? Treasury Direct is the US gov...absolutely zero risk and zero fees. An ETF has fees and while it may have very marginal risk, is not zero risk. Add in both those etfs are based on 1-3 month treasuries which do not offer you the higher rates offered by 4 and 6 month t-bills (granted the difference is about 0.1-0.2% currently, but rates vary and that is that much you are giving up). Not seeing why anyone would go that route unless you simply needed the ability to sell before maturity\potential liquidity.