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re: Capital One 360 Performance Savings - UPDATE: 4.35% APY as of 12/11/23
Posted on 3/7/23 at 9:20 am to SpeedyNacho
Posted on 3/7/23 at 9:20 am to SpeedyNacho
quote:
Robinhood
Wouldn't care if they were offering 10% I would never do business with those crooks.
1
Posted on 3/7/23 at 9:36 am to ronricks
Yep. Didn't they freeze everyone's account a year or two ago?
Posted on 3/7/23 at 9:37 am to HailToTheChiz
quote:
Yep. Didn't they freeze everyone's account a year or two ago?
Froze accounts and disabled withdrawals etc.
Posted on 3/7/23 at 10:09 am to I B Freeman
quote:
i don’t understand this fascination with bank CDs and savings accounts.
T-bills are paying 5% and can be easily purchased from your stock broker or thru treasury direct. Treasury direct deducts the purchase from the bank account you designate and deposits the proceed in the same account.
I agree but some people just may find it cumbersome to open "another" account.
I disagree with that sentiment, I'm just guessing that's part of it.
Posted on 3/7/23 at 12:08 pm to bbap
quote:
quote:i don’t understand this fascination with bank CDs and savings accounts. T-bills are paying 5% and can be easily purchased from your stock broker or thru treasury direct. Treasury direct deducts the purchase from the bank account you designate and deposits the proceed in the same account. I agree but some people just may find it cumbersome to open "another" account. I disagree with that sentiment, I'm just guessing that's part of it.
I set up an account after reading this thread and made a purchase, was a breeze.
Posted on 3/9/23 at 9:40 pm to Jag_Warrior
I don't believe it is very smart right now to invest in short term treasury bills. If the debt ceiling is not raised the Treasury will not be able to pay all of it's massive obligations, which include maturing T-bills. There would likely be a massive sell off of ETFs, etc that include Treasury Bills. Do a simple search yourself and read the potential danger.
Posted on 3/9/23 at 9:41 pm to 98eagle
quote:if the us defaults on treasury payments it’s going to be Armageddon
If the debt ceiling is not raised the Treasury will not be able to pay all of it's massive obligations, which include maturing T-bills
ain’t gonna happen
Posted on 3/9/23 at 9:44 pm to wileyjones
I agree it would be a massive hit to the economy. Does that make it less likely or more likely to happen in today's world of insanity? Do you think the Treasury would pay maturing T-Bills over delaying Social Security payments as an example or would T-Bills be lower on the totem pole? I think I know who would get shafted.
How Worried Should We Be If The Debt Ceiling Is Not Lifted?
How Worried Should We Be If The Debt Ceiling Is Not Lifted?
This post was edited on 3/9/23 at 10:01 pm
Posted on 3/9/23 at 11:06 pm to 98eagle
quote:
I don't believe it is very smart right now to invest in short term treasury bills. If the debt ceiling is not raised the Treasury will not be able to pay all of its massive obligations, which include maturing T-bills.
In the (VERY) remote possibility that the United States Treasury defaults on its debt obligations for any lengthy period of time, there’ll be much greater things to worry about than some missed interest payments. That would make 2008-09 look like a picnic on a sunny day.
If you’re truly concerned about treasuries, you might want to empty your bank account too… with the ensuing bank failures and freezing up of the financial system, you might as well forget about the FDIC as a going concern.
I’ve got plenty of deer out at my place. So I’m willing to share the venison with any of you fellers.
Posted on 3/9/23 at 11:15 pm to Jag_Warrior
quote:
If you’re truly concerned about treasuries, you might want to empty your bank account too… with the ensuing bank failures and freezing up of the financial system, you might as well forget about the FDIC as a going concern.
Agree. I'm off to rewatch some old episodes of Doomsday Preppers, LOL.
Posted on 3/10/23 at 9:13 am to 98eagle
switched to this a couple months ago had chase savings wish I would've done sooner very easy and nice to earn a little
Posted on 3/10/23 at 9:35 am to 98eagle
Brother if that happens you better be invested in canned goods and shotgun shells.
Posted on 3/10/23 at 9:55 am to lsu13lsu
quote:
Brother if that happens you better be invested in canned goods and shotgun shells.
I have invested in those as well it’s cheap insurance. I am curious where these rates end up by years end. I wouldn’t be surprised to see 4.5-5% on these high yield savings accounts and short term cad rates in the 6-7% range. I am liking this rate uptick it’s like having a rental property without the headaches
Posted on 3/10/23 at 7:34 pm to bayoudude
Rates are already that high. I'm getting 4.55% APY at UFB Direct. They have been raising their rates shortly after the feds raise theirs and are always near the top interest wise.
Posted on 3/14/23 at 10:21 am to Topisawtiger
So, what is better here. A HY Savings account or buying some kind of bonds if you only want your money tied up for a short period of time before you can access it, say 6 months? And when I say access it, not that I would need to, but if I needed to.
Posted on 3/14/23 at 11:30 am to kywildcatfanone
Well, what kind of yield are you looking at for a fully taxable HY savings account? A 26 week bill was around 4.75% as of yesterday, plus you don’t pay state or local taxes. Although both are liquid, with the t-bill, I’d make sure that I was comfortable having the money potentially tied up for the full term.
Posted on 3/14/23 at 12:59 pm to Jag_Warrior
quote:
Well, what kind of yield are you looking at for a fully taxable HY savings account? A 26 week bill was around 4.75% as of yesterday, plus you don’t pay state or local taxes. Although both are liquid, with the t-bill, I’d make sure that I was comfortable having the money potentially tied up for the full term.
I'm not certain, kind of why the question. If you wanted to park say $50K for a while, which would be better overall, a HY Savings account or some kind of t-bills? I don't need the money to live on, but also don't want to not be able to get it in a reasonable amount of time should I need it. That's what I'm wondering is the best overall bang for the buck.
I made $4 interest in my regular savings account all last year.
Looking for better options.Posted on 3/14/23 at 1:02 pm to kywildcatfanone
i would get a t-bill from either schwab or fidelity. That way you get the better yield, but worst case scenario if you need to sell it before maturity you could.
Of course, it's possible you may have to sell it at a loss so i'd definitely not park any money in tbills that you think you may need before maturity.
You could also just buy shorter term tbills if you are that worried about it.
Of course, it's possible you may have to sell it at a loss so i'd definitely not park any money in tbills that you think you may need before maturity.
You could also just buy shorter term tbills if you are that worried about it.
Posted on 4/5/23 at 10:31 am to VermilionTiger
It increases to 3.50% today
Posted on 4/5/23 at 12:22 pm to VermilionTiger
UFB Preferred Money Market up to 5.02%
Make the most of your money and earn up to 5.02% APY* on all balances. UFB Preferred Money Market offers the security of a savings account with check-writing privileges.
Make the most of your money and earn up to 5.02% APY* on all balances. UFB Preferred Money Market offers the security of a savings account with check-writing privileges.
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