- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
AMEX high yield savings going 1.4%
Posted on 8/4/22 at 7:30 am
Posted on 8/4/22 at 7:30 am
Seems pretty good looks like some of you are getting 2%?
This post was edited on 8/4/22 at 7:31 am
11
Posted on 8/4/22 at 8:00 am to thelawnwranglers
Where is the 2%? I’d move my money for that
Posted on 8/4/22 at 8:04 am to DawgCountry
Lending Club and Personal Capital are both over 2% right now.
Posted on 8/4/22 at 8:05 am to DawgCountry
My Marcus account is at 1.5%. It's where I throw the kids Christmas and bday money.
Posted on 8/4/22 at 9:07 am to thelawnwranglers
My checking account gets 1.80% at Sofi and they have a bank charter now which is nice.
Personal Cap only does electronic transfers, no debit card so I guess it isn't a checking account.
Personal Cap only does electronic transfers, no debit card so I guess it isn't a checking account.
This post was edited on 8/4/22 at 9:11 am
Posted on 8/4/22 at 9:10 am to thelawnwranglers
My Discover savings is up to 1.5% now. 2% is tempting, I'll have to look into that.
Posted on 8/4/22 at 9:26 am to thelawnwranglers
Ally is at 1.4% as well I believe
Posted on 8/4/22 at 9:26 am to thelawnwranglers
Barclays is over 1.6%.
LendingClub now offers a 2.12% savings account for those who were previous investors.
LendingClub now offers a 2.12% savings account for those who were previous investors.
Posted on 8/4/22 at 10:01 am to thelawnwranglers
I have Amex. They were slow to start raising rates, but I feel like they are now bumping it up almost weekly
Posted on 8/4/22 at 10:04 am to GEAUXT
SOFI 1.8% checking with no fees if you direc deposit
Posted on 8/4/22 at 10:14 am to thelawnwranglers
VMFXX ftw.
Posted on 8/4/22 at 10:14 am to GEAUXT
quote:
I have Amex. They were slow to start raising rates, but I feel like they are now bumping it up almost weekly
This
Posted on 8/4/22 at 1:53 pm to thelawnwranglers
Barclays savings accts just bumped to 1.65. Their CDs are getting close to being viable again too.
12 month - 2.3
18 month - 2.4
2 year - 2.6
3 year - 2.7
4 year - 2.8
5 year - 3.2
My mortgage is at 2.875 so if the 1-2 year CDs start climbing above that I'll probably start laddering some.
12 month - 2.3
18 month - 2.4
2 year - 2.6
3 year - 2.7
4 year - 2.8
5 year - 3.2
My mortgage is at 2.875 so if the 1-2 year CDs start climbing above that I'll probably start laddering some.
Posted on 8/4/22 at 2:15 pm to Neauxla_Tiger
Vanguard Federal Money Market Fund VMFXX has a current 7 day yield of 2.08% and is an alternative that is more sensitive to interest rate movement.
Edit: I see MikeyFL beat me to it.
Edit: I see MikeyFL beat me to it.
This post was edited on 8/4/22 at 2:20 pm
Posted on 8/4/22 at 2:30 pm to Neauxla_Tiger
quote:
Barclays savings accts just bumped to 1.65. Their CDs are getting close to being viable again too.
12 month - 2.3
18 month - 2.4
2 year - 2.6
3 year - 2.7
4 year - 2.8
5 year - 3.2
You'd be better off going with Treasuries as their annualized yield are better and for shorter terms. Also, it's easy to sell Treasuries before the maturity if you need to:
1 month - 2.2%
3 month - 2.5%
6 month - 3%
Posted on 8/4/22 at 3:55 pm to Diseasefreeforall
Minimum?
Posted on 8/4/22 at 4:48 pm to Diseasefreeforall
Around the early part of this century there were quite a few folks writing checks from their money market accounts until they started paying nothing.
Posted on 8/4/22 at 5:11 pm to Diseasefreeforall
Am I looking at something wrong? Vanguard website has It as .32%
This post was edited on 8/4/22 at 5:11 pm
Posted on 8/4/22 at 5:43 pm to Civildawg
I saw the same thing. Year to date yield of 0.3ish.
Posted on 8/4/22 at 6:28 pm to CrawKing
For VMFXX and similar money market funds, you need to look at the 7-day yield. The year to date return takes into account the first 4-5 months of this year when internet rates were basically zero.
VMFXX is almost invariably the best money market option among the brokerages. However, for those who use Fidelity or Schwab, here are the money market 7-day yields of their money market funds, as of August 3:
Vanguard
VMFXX - 2.08%
Schwab
SWVXX - 1.99% (prime fund)
SNOXX - 1.85% (government/treasury fund)
Fidelity
SPRXX - 1.96% (prime fund)
SPAXX - 1.66% (government/treasury fund)
The nice thing about these money market funds is that their rise has been accelerating over the past few days. The prime funds generally hold some commercial paper, so that's why they have slightly higher returns.
If you have accounts with a different brokerage, you might still have access to good money market funds by Blackrock or another company. For example, Merrill Edge hides this list of money market funds its clients can access here:
LINK
If rates stop rising at some point, the ultra short bond funds and ETFs will once again be an even more lucrative place to hold cash. Vanguard's ETF is VUSB, and Blackrock's is ICSH.
VMFXX is almost invariably the best money market option among the brokerages. However, for those who use Fidelity or Schwab, here are the money market 7-day yields of their money market funds, as of August 3:
Vanguard
VMFXX - 2.08%
Schwab
SWVXX - 1.99% (prime fund)
SNOXX - 1.85% (government/treasury fund)
Fidelity
SPRXX - 1.96% (prime fund)
SPAXX - 1.66% (government/treasury fund)
The nice thing about these money market funds is that their rise has been accelerating over the past few days. The prime funds generally hold some commercial paper, so that's why they have slightly higher returns.
If you have accounts with a different brokerage, you might still have access to good money market funds by Blackrock or another company. For example, Merrill Edge hides this list of money market funds its clients can access here:
LINK
If rates stop rising at some point, the ultra short bond funds and ETFs will once again be an even more lucrative place to hold cash. Vanguard's ETF is VUSB, and Blackrock's is ICSH.
This post was edited on 8/4/22 at 8:55 pm
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News