expiredswami.ganapathi posted Oct 04, 2023 02:56 AM
Item 1 of 2
Item 1 of 2
expiredswami.ganapathi posted Oct 04, 2023 02:56 AM
Truliant Federal Credit Union: 11-Month Certificate of Deposit (CD)
w/ $5000 Min. Deposit (Valid in NC, SC, VA, GA, TN)6.25% APY
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Live, work, worship or attend school in a county near one of our branches
Work for one of our business partners
Have an immediate family or household member who is currently a member of Truliant
Join through the American Consumer Council if you live in GA, NC, SC, TN or VA
There is no risk of loss putting money up to the $250k insured limit in a credit union.
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My 2 cents.
Yup. With rates going up, the stock market more or less flat to garbage the past 2 years, why deal with any of the risk when you can make 5.5%+ totally risk free? And it is not like real estate is great either with rates and prices as high a they are. At some point, the real estate bubble is going to burst imo.
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The only snag I had was I was initially rejected because of "info supplied by Chex". So yes, my Chex is frozen and has been for many years and that's never stopped me from opening bank accounts. But I temporarily lifted Chex freeze and reapplied successfully.
The odd thing is that I've opened many bank accounts (savings, CDs) since freezing my Chex in 2017, and this was the first time I've had an issue.
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Federal taxes are due by April 15th for most people; and different dates for those subject to quarterly estimated tax payments.
you know the govt literally insures every cent of every bank at every institution in america right? the svb or whatever bailout proved what anyone with a brain knew, the fdic 250k limit is a joke
"In a joint statement Sunday, Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell and Federal Deposit Insurance Corporation Chairman Martin J. Gruenberg said the FDIC will make SVB and Signature's customers whole. By guaranteeing all deposits ā even the uninsured money that customers kept with the failed banks ā the government aimed to prevent more bank runs and to help companies that deposited large sums with the banks to continue to make payroll and fund their operations."
Awesome your buying power is only losing 7% annually instead of 12%
buy real estate, gold and/or stocks.
No reason to do 52 week t-bills unless you think rates are going down (which is not likely anytime soon imo...currently they are guessing sometime in 2024) Take the higher yield of the 17 or 26 week t-bills (the 52 is returning less). They are also easier to ladder on a monthly\weekly basis giving you the upside as rates go up and better liquidity. You lock in the longer term when you think rates are about to\start edging down imo.
Tax is paid on annual interest earnings that occur when a t-bill matures.
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