Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.
Anybody has experience with this bank?TIA
I've been w/ them since around 2004. They were one of the first online only banks at the time so they had a lot of online features other banks at the time didn't. Most banking has caught up by now, but they are still good for high yield accounts and lack of banking fees. They were sold to TIAA who merged it w/ their service, and now TIAA was sold to private investors who are renaming it Everbank. The TIAA merger had some hiccups which was the only time I ever had issues with them. I expect more hiccups as they rename again, and it's worrisome that this is a private investment group. I moved my daily banking to Schwab after the TIAA merger but still kept my account due to the high interest received.
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.
Anybody has experience with this bank?TIA
This bank bought tiaa bank and then resurrected an old name for its new bank. I was a tiaa bank customer, and now an everbank customer. They are efficient and keep promises.
In case if someone wants to know, i have been banking with Everbank for more then 10 years now. It is one of the best bank. You can even buy foriegn currency with Everbank.
I have on occasion added and removed thousands and never had any issue with them.
Thank You
Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.
where? I don't see anything like this on treasury direct.
Government Treasuries are currently paying ~5.3% interest for 1-month to 6-month durations. That's a higher rate than most CDs, and you don't pay State Income Tax on government treasuries.
+1 to tbills, way better off having something like a vanguard account doing tbills, and a better well known bank with physical branches earning ~4% in a HYSA vs putting it all in a no name bank with no physical locations
Interesting. There was another Ever Bank which TIAA bought. The about us page says this bank has been around for decades. Never knew about this.
Anybody has experience with this bank?TIA
Yes, i registered with Everbank back in 2007 5 year or so later TIAA bought Everbank and now it's back to everbank. Both of them were excellent as far as i am concerned.
Thank You
One problem, and it's a big one, with all these non-brokerage/money market accounts is that banks have a tendency to change rates at will.
So while my Fidelity/Schwab/Vanguard money market is around 5% right now, the only way it goes down is if the Fed cuts rates.
These other banks put out teaser rates with all sorts of terms and conditions...don't be surprised when you're getting half a percent interest 6 months from now.
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Anybody has experience with this bank?TIA
Edit: You can see recent rates on TreasuryDirect.gov by going to https://www.treasurydir
To buy them on TreasuryDirect, first log in, then go to BuyDirect, then choose Bills (1 year or less).
Anybody has experience with this bank?TIA
Anybody has experience with this bank?TIA
I have on occasion added and removed thousands and never had any issue with them.
Thank You
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Anybody has experience with this bank?TIA
Thank You
Anybody has experience with this bank?TIA
Tiaa bought Everbank. Named changed to TIAABank, then later sold TIAA Bank and the bank reverted back to EverBank
So while my Fidelity/Schwab/Vanguard money market is around 5% right now, the only way it goes down is if the Fed cuts rates.
These other banks put out teaser rates with all sorts of terms and conditions...don't be surprised when you're getting half a percent interest 6 months from now.
To buy them on TreasuryDirect, first log in, then go to BuyDirect, then choose Bills (1 year or less).