expiredgeorgerobert posted Apr 09, 2024 04:52 PM
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expiredgeorgerobert posted Apr 09, 2024 04:52 PM
My Banking Direct High Yield Savings Account: Earn Up To
($500 Minimum Deposit)5.55% APY
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Deal Details
My Banking Direct offers up to 5.55% APY when you open High Yield Savings Account with $500 minimum deposit.
Thanks to community member georgerobert for finding this deal.
Thanks to community member georgerobert for finding this deal.
Editor's Notes
Written by megakimcheelove | Staff- The Annual Percentage Yield (APY) is accurate as of 4/10/2024. Rates are variable and are subject to change without notice.
- The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 5.55%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.55% If your daily balance is between $1.00 and $9,999.99, the APY is 5.55%.
- My Banking Direct, a service of Flagstar Bank, N.A., reserves the right to change the rate at any time without notice. Fees could reduce earnings.
- My Banking Direct is a service of Flagstar Bank, N.A.
- Flagstar Bank, N.A. is FDIC insured.
- Other HYSA accounts to consider:
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Deal Details
Community Notes
About the Poster
My Banking Direct offers up to 5.55% APY when you open High Yield Savings Account with $500 minimum deposit.
Thanks to community member georgerobert for finding this deal.
Thanks to community member georgerobert for finding this deal.
Editor's Notes
Written by megakimcheelove | Staff- The Annual Percentage Yield (APY) is accurate as of 4/10/2024. Rates are variable and are subject to change without notice.
- The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account is $500. If your daily balance is $50,000 or more, the APY is 5.55%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.55% If your daily balance is between $1.00 and $9,999.99, the APY is 5.55%.
- My Banking Direct, a service of Flagstar Bank, N.A., reserves the right to change the rate at any time without notice. Fees could reduce earnings.
- My Banking Direct is a service of Flagstar Bank, N.A.
- Flagstar Bank, N.A. is FDIC insured.
- Other HYSA accounts to consider:
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https://www.mybankingdi
A: In the unlikely event of a bank failure, the FDIC responds in two capacities.
First, as the insurer of the bank's deposits, the FDIC pays insurance to depositors up to the insurance limit. Historically, the FDIC pays insurance within a few days after a bank closing, usually the next business day, by either 1) providing each depositor with a new account at another insured bank in an amount equal to the insured balance of their account at the failed bank, or 2) issuing a check to each depositor for the insured balance of their account at the failed bank.
https://www.depositacco
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https://www.mybankingdi
I am considering opening a 23-month CD from Credit Human here in Texas, which pays a 5.2%APY.
With no state income tax, would there be any advantage a T bill would give over the CD?
whwere do I find the 1 month or 3 month?
https://yieldfinder.app/
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HTM and AFS don't "hide" anything... AFS Losses flow through other comprehensible income statement... It's always reported on the 10-Q... they aren't hidden, very transparent. HTM is held at amortized cost. They were holding risk free treasuries... All bond portfolios were at a "paper loss" when the FED hiked rates to 5.25% from 0%... Including mine. Makes no difference. If the portfolio manager was competent, he wouldn't have extended duration when rates were at 0%.
The entire thing was a simple duration mismatch. They weren't trading any risky bonds.
https://www.fidelity.co
whwere do I find the 1 month or 3 month?
https://yieldfinder.app/
You'd use the T-Bill auction option if you're wanting to ladder and be exempt from local/state taxes. Bonds tend to have longer maturity dates so "laddering" isn't as effective if you're looking for short term. However, you cannot withdraw T-bills anytime you want either without some penalty: you only get paid the interest upon the bill's maturity date, so your money is still "locked up", but at much shorter intervals (as little as 4 weeks). At maturity you can withdraw that specific T-bill amount into a bank account or your TreasuryDirect "C of I" balance (basically equivalent to a brokerage "holding" account for purchasing additional treasuries) or have it auto-reinvest during the next auction of a T-Bill of the same duration.
"Laddering" is the practice of buying T-bills of different intervals at different times so that you "always" have at least one reaching maturity in a given month.
If you decide you need access to the money in a T-bill BEFORE it reaches maturity, you can sell them, but that process is sloooooow via TreasuryDirect since it's snail mail, so, you're probably better off buying through a brokerage account if you need to do that. Selling early is also really the only way you can lose money on the T-bill (barring total US government default)—if the next auction for that duration has a more favorable rate, you may have to sell for less than you paid to make up the difference.
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HTM and AFS don't "hide" anything... AFS Losses flow through other comprehensible income statement... It's always reported on the 10-Q... they aren't hidden, very transparent. HTM is held at amortized cost. They were holding risk free treasuries... All bond portfolios were at a "paper loss" when the FED hiked rates to 5.25% from 0%... Including mine. Makes no difference. If the portfolio manager was competent, he wouldn't have extended duration when rates were at 0%.
The entire thing was a simple duration mismatch. They weren't trading any risky bonds.
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