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With the fed rate hike when would we see rates go up on....
Posted on 6/16/22 at 1:33 pm
Posted on 6/16/22 at 1:33 pm
cd's and money market type products?
4
Posted on 6/16/22 at 1:42 pm to Dry Prong Wildcat
You won't for a while. Banks are cash heavy. There is no incentive for them to pay you to use your money when they already have money to lend.
This post was edited on 6/16/22 at 1:46 pm
Posted on 6/16/22 at 3:01 pm to Dry Prong Wildcat
Online “high yield” savings rates have been climbing for awhile. A couple of the ones I have are somewhere around .9% now (from a .5% low).
Posted on 6/16/22 at 5:15 pm to Jag_Warrior
quote:
Online “high yield” savings rates have been climbing for awhile. A couple of the ones I have are somewhere around .9% now
I've got a Discover high yield savings that's currently at 0.9%. Discover's running a promo that they'll give you $150 or $200, depending on your deposit amount.
Discover Promo
Posted on 6/16/22 at 6:40 pm to Arkapigdiesel
Good find.
I’m not sure if it’s still in effect, but Marcus/Goldman had a promo too. And theirs was available to new and existing customers.
I’ve tried to explain to a friend of mine sitting on six figures of cash after a house sale, pay more attention to to the bonuses than the interest rates on these FDIC insured accounts. I check out the requirements and terms, open the account and make the required minimum deposit, collect the bonuses… and close the account once my minimum account season has passed. If you don’t abide by that, they can and will claw back the bonus.
No one will get rich doing this, but a few thousand here and a few thousand there is better than nothing.
I’m not sure if it’s still in effect, but Marcus/Goldman had a promo too. And theirs was available to new and existing customers.
I’ve tried to explain to a friend of mine sitting on six figures of cash after a house sale, pay more attention to to the bonuses than the interest rates on these FDIC insured accounts. I check out the requirements and terms, open the account and make the required minimum deposit, collect the bonuses… and close the account once my minimum account season has passed. If you don’t abide by that, they can and will claw back the bonus.
No one will get rich doing this, but a few thousand here and a few thousand there is better than nothing.
Posted on 6/16/22 at 7:46 pm to Dry Prong Wildcat
Rocket up on loans (revenue)
Glacier up on money product rates (expenses)
Glacier up on money product rates (expenses)
Posted on 6/17/22 at 6:56 am to Dry Prong Wildcat
You’re seeing it right now on brokered CDs.
Posted on 6/17/22 at 11:25 am to Jag_Warrior
quote:My money market return actually opens my eyes a little now. Now, why do I have so much in a money market...that I notice such a low return? Thats another issue.
Online “high yield” savings rates have been climbing for awhile. A couple of the ones I have are somewhere around .9% now (from a .5% low).
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