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+27 Score 67 Replies 16,676 Views
FYI the savebetter online platform is clunky. They manage the account, you don't actually have the cd through a bank. It would not let me add a join account owner (the page refused to load then sent...
+27 Score 67 Replies 16,676 Views
Team I-Bonds here
+27 Score 67 Replies 16,676 Views
I went with one of these, changed my mind 1 month later and ran out with 150 bucks in interest. Money was back in my account within 3 days. Phone call to cancel took less than a minute.
+27 Score 67 Replies 16,676 Views
Stocks have been taking it on the chin lately. Don't try to time the bottom. If you're young and have money to put away, consider just buying an S&P index fund.
+27 Score 67 Replies 16,676 Views
Post #158055334 added 10-07-2022 11:29 AM by Truckee in Consumer Awareness
Thanks for the post, OP. Since one is opening a CD, does the fund returns to the funding account if one were to break the CD prior to its maturity?
+27 Score 67 Replies 16,676 Views
Post #158052460 added 10-07-2022 9:35 AM by seawolf in Consumer Awareness
It may be marketed as "no penalty" but that's not really accurate as you are already paying a penalty of 0.8% (fair market rate of 4.1%-3.3%) buying the Sallie Mae CD. When compared with the 4.1%...
+27 Score 67 Replies 16,676 Views
Post #158051242 added 10-07-2022 8:49 AM by boosterjm in Consumer Awareness
thanks. can you send a link to the ibond thread?
+27 Score 67 Replies 16,676 Views
Post #158048485 added 10-07-2022 6:59 AM by davital in Consumer Awareness
The rates are annual, so for 3 months you don't get a rate of 3.37%, but only 3.37/4 = 0.84%. In that case you can just open an AMEX HYSA which has annual rate of over 2%
+27 Score 67 Replies 16,676 Views
thanks, great info
+27 Score 67 Replies 16,676 Views
Post #158047396 added 10-07-2022 6:04 AM by Hawkins1 in Consumer Awareness
The problem is you are talking about a huge hassle to chase a 3.30% yield for literally a month and a half (until Feds raise rates again). As mentioned, the next 2 interest rate raises should...
+27 Score 67 Replies 16,676 Views
Post #158046925 added 10-07-2022 5:32 AM by Wildy123 in Consumer Awareness
Not a no penalty CD.
+27 Score 67 Replies 16,676 Views
Post #158046910 added 10-07-2022 5:31 AM by Wildy123 in Consumer Awareness
The difference is you're not locking in. It's no penalty to break it. When a better rate is available, you move the money.
+27 Score 67 Replies 16,676 Views
Post #158046460 added 10-07-2022 4:52 AM by jbrns7 in Consumer Awareness
So in other words T Bills are the only actual higher option. The others have balance limits or aren't no penalty.
+27 Score 67 Replies 16,676 Views
Post #158046097 added 10-07-2022 4:09 AM by seawolf in Consumer Awareness
Go to fidelity to access 1 year CDs currently offering 4.1%
+27 Score 67 Replies 16,676 Views
Post #158045908 added 10-07-2022 3:46 AM by David36 in Consumer Awareness
Elements offfers 4% but only up to 20k
+27 Score 67 Replies 16,676 Views
Post #158045725 added 10-07-2022 3:12 AM by tomcat008 in Consumer Awareness
How difficult it is to move savings into it ?
+27 Score 67 Replies 16,676 Views
Post #158044093 added 10-06-2022 10:54 PM by keung in Consumer Awareness
You can buy it from TD same place where you buy iBond https://tipswatch.com/2022/07/04/looking-to-put-cash-to-work-consider-short-term-treasury-bills/...
+27 Score 67 Replies 16,676 Views
Post #158044015 added 10-06-2022 10:48 PM by keung in Consumer Awareness
Signature FCU Checking 3.5% up to 20K President Bank 3% checking up to 25K 6 months US T-Bills 3.88% No State tax NO Limit 3 Months US T Bills 3.33% No State Tax NO LIMIT and go to doctor of...
+27 Score 67 Replies 16,676 Views
Post #158043919 added 10-06-2022 10:40 PM by pur in Consumer Awareness
14 months isn't long term, but if you are looking at investing for 10+ years stocks will probably do better
+27 Score 67 Replies 16,676 Views
Post #158043412 added 10-06-2022 9:57 PM by Hawkins1 in Consumer Awareness
Post something better. Challenge accepted. here is what's available: Check out this. https://ibb.co/8XvPfxH All of those are 12 month terms and MUCH higher rate. The rate offered in this...
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