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Joined Dec 2007
L8: Grand Teacher
> bubble2 3,524 Posts
592 Reputation
iahawks550
10-20-2023 at 05:29 PM.
10-20-2023 at 05:29 PM.
Quote from spooky187 :
I think you are missing the part about rates are changing fast now. So, locking in that long you can lose out on an increase with a long lock in rate. Plus the tax benefits.

You also don't have the risk of rates dropping. That's the game. But some are more interested in guaranteed income.
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Joined Mar 2017
L5: Journeyman
> bubble2 528 Posts
165 Reputation
denzeler27
10-20-2023 at 06:16 PM.
10-20-2023 at 06:16 PM.
MACU is offering 5.6% on 6 months but obviously theyre only west coast, find a credit union and youll most likely get a better rate/term
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Last edited by denzeler27 October 20, 2023 at 06:33 PM.

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HIDDENspcl_agnt10-20-2023 at 06:19 PM.
Joined Aug 2011
L6: Expert
> bubble2 1,658 Posts
406 Reputation
mysql
10-20-2023 at 06:21 PM.
10-20-2023 at 06:21 PM.
Quote from TurtlePerson2 :
It's a clumsy platform and offers no advantages over a broker like Fidelity that charges nothing for buying/selling treasuries.
which symbol are you recommending at fidelity?

If you do nothing, fidelity parks your cash in spaxx

SPAXX:
7-Day Yield
AS OF 10/19/2023
+4.98%
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Joined May 2008
L10: Grand Master
> bubble2 14,222 Posts
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max1001
10-20-2023 at 07:10 PM.
10-20-2023 at 07:10 PM.
Quote from Raphy :
It's because they can lend it out at 7.5%+

Common, you do better than 5.30 buddy. You charging close to 8 on 30 years mortgage.
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Joined May 2008
L10: Grand Master
> bubble2 14,222 Posts
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max1001
10-20-2023 at 07:18 PM.
10-20-2023 at 07:18 PM.
Quote from Alfonsojgr :
Ive been getting 5.3%+ APY on my 3-month treassury bills. Dont tie your $$ to a long-term CD as interest rates keep going up..my two cents

Rate are not guaranteed to go up. Let's not pretend it's a sure thing. Also, we talking about .2 .3 percent difference here.
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Joined Sep 2011
L7: Teacher
> bubble2 2,293 Posts
693 Reputation
johnny88
10-21-2023 at 01:38 AM.
10-21-2023 at 01:38 AM.
Quote from max1001 :
Rate are not guaranteed to go up. Let's not pretend it's a sure thing. Also, we talking about .2 .3 percent difference here.

You're missing the fact that T bills aren't subject to state and local taxes. If doing walk away comparison T Bills are still more profitable if the rates are the same. Additionally T bills are not callable whereas CDs are.
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Joined Aug 2005
L9: Master
> bubble2 4,301 Posts
495 Reputation
Mydiscover
10-21-2023 at 02:16 AM.
10-21-2023 at 02:16 AM.
Quote from SplendidSquirrel285 :
4% tho I'm seeing?
Its currently at 5.58% for 6 months tbill.
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Joined Aug 2005
L9: Master
> bubble2 4,301 Posts
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Mydiscover
10-21-2023 at 02:16 AM.
10-21-2023 at 02:16 AM.
Quote from spcl_agnt :
Paid off my 1M new home to save 6% interest rates, so still doing better.
Good for you. LMAO
2
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Joined Dec 2005
L4: Apprentice
> bubble2 386 Posts
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muslhead
10-21-2023 at 03:05 AM.
10-21-2023 at 03:05 AM.
Quote from max1001 :
Common, you do better than 5.30 buddy. You charging close to 8 on 30 years mortgage.
No kidding, Sherlock
That is how banks make money
On the spread.
And your point is?
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Joined Nov 2006
L5: Journeyman
> bubble2 876 Posts
225 Reputation
godwheel
10-21-2023 at 05:01 AM.
10-21-2023 at 05:01 AM.
I just stick to CD ladders at these rates so I can take advantage of new rates if available every 3 months.
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Joined Sep 2015
L3: Novice
> bubble2 184 Posts
26 Reputation
bxraze
10-21-2023 at 06:55 AM.
10-21-2023 at 06:55 AM.
How is capitalone as a bank I have chase and thinking about leaving
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Joined Nov 2014
L2: Beginner
> bubble2 97 Posts
30 Reputation
jard1s
10-21-2023 at 06:55 AM.
10-21-2023 at 06:55 AM.
Quote from crazycreations :
Is it better to invest on bonds than this yet?

If you consider t bills bonds then yes since no state tax on bond coupons and interest.
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Joined Jan 2006
L5: Journeyman
> bubble2 574 Posts
46 Reputation
catman17
10-21-2023 at 07:00 AM.
10-21-2023 at 07:00 AM.
Quote from crazycreations :
Is it better to invest on bonds than this yet?

T bills
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Joined Jan 2006
L5: Journeyman
> bubble2 574 Posts
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catman17
10-21-2023 at 07:02 AM.
10-21-2023 at 07:02 AM.
Quote from bxraze :
How is capitalone as a bank I have chase and thinking about leaving

Chase gives you how much in savings interest? 0%? Capital One gives 4.3%! Look for the $350 Capital One bonus offer. I just did it. I like the interface so far. No issues. Forget Chase, they take your money and make a crap load on it and give you nothing!
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