Crnr2Crnr Posted May 17, 2023 Share Posted May 17, 2023 just picked up another CD for 10 months at 4.75% APY https://www.covantagecu.org/Plan/Services/Rates/Account-Rates what are you seeing for rates @DriftBusta ? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 17, 2023 Share Posted May 17, 2023 19 minutes ago, Crnr2Crnr said: just picked up another CD for 10 months at 4.75% APY https://www.covantagecu.org/Plan/Services/Rates/Account-Rates what are you seeing for rates @DriftBusta ? I got the same last month. Credit union. Quote Link to comment Share on other sites More sharing options...
Mag6240 Posted May 17, 2023 Share Posted May 17, 2023 4.30% at US Bank for 7 mos. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 17, 2023 Author Share Posted May 17, 2023 20 minutes ago, Mainecat said: I got the same last month. Credit union. I'm rotating three at the moment since last fall... one 15mo @ 4.25, a 13mo @ 4.5 and just picked this one up after an older 3.75 matured. 19 minutes ago, Mag6240 said: 4.30% at US Bank for 7 mos. not bad for a very short term Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 17, 2023 Gold Member Share Posted May 17, 2023 Last fall got a 9month at 4.85 and a 18 month at 4.75. https://www.edwardjones.com/us-en/market-news-insights/stock-market-news/current-rates?mjp=eva&mbu=na&mau=bra&mob=falu&mbt=na&gad=1&gclid=EAIaIQobChMIiIfOqZv9_gIVYYJbCh1yvw-IEAAYASAAEgLrY_D_BwE&gclsrc=aw.ds Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 17, 2023 Author Share Posted May 17, 2023 2 minutes ago, 800renegaderider said: Last fall got a 9month at 4.85 and a 18 month at 4.75. https://www.edwardjones.com/us-en/market-news-insights/stock-market-news/current-rates?mjp=eva&mbu=na&mau=bra&mob=falu&mbt=na&gad=1&gclid=EAIaIQobChMIiIfOqZv9_gIVYYJbCh1yvw-IEAAYASAAEgLrY_D_BwE&gclsrc=aw.ds those are some juicy 3-12mo rates. prefer to stick with where the rest of my $ lives though. what's the minimum buy in? Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 17, 2023 Gold Member Share Posted May 17, 2023 1 minute ago, Crnr2Crnr said: those are some juicy 3-12mo rates. prefer to stick with where the rest of my $ lives though. what's the minimum buy in? I’m sure driftbusta would know that. My poor ass had enough so I’m sure you rich guys got it covered 😂 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 17, 2023 Share Posted May 17, 2023 Seems pretty typical here. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 17, 2023 Author Share Posted May 17, 2023 6 minutes ago, 800renegaderider said: I’m sure driftbusta would know that. My poor ass had enough so I’m sure you rich guys got it covered 😂 I'm not 'rich', just like sure bets for $ that isn't to be gambled with. for some of the younger guys here with $1k-$25k burning a hole in their pockets CD's are an easy and safe way to save and get in good financial habits. in the 80's and 90's I made a lot of easy money from CD's to buy things when friends were taking out loans for everything. granted, there's interest income taxes but that's life 2 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 17, 2023 Share Posted May 17, 2023 I have a bunch of EE bonds. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 17, 2023 Share Posted May 17, 2023 50 minutes ago, Crnr2Crnr said: I'm not 'rich', just like sure bets for $ that isn't to be gambled with. for some of the younger guys here with $1k-$25k burning a hole in their pockets CD's are an easy and safe way to save and get in good financial habits. in the 80's and 90's I made a lot of easy money from CD's to buy things when friends were taking out loans for everything. granted, there's interest income taxes but that's life How so when they are taxed at your full tax rate and they don't keep up with inflation? Maybe 60 minutes can explain it? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted May 17, 2023 Platinum Contributing Member Share Posted May 17, 2023 14 minutes ago, ArcticCrusher said: How so when they are taxed at your full tax rate and they don't keep up with inflation? Maybe 60 minutes can explain it? Bang your head against the wall, the records stuck on 60 minutes today. Quote Link to comment Share on other sites More sharing options...
F3600 Posted May 17, 2023 Share Posted May 17, 2023 Guys, I'd suggest looking at Wealthfront.com. They are a AI based investment company but they also have a cash investment account and I believe I'm currently getting 4.3%. They react quickly to Fed moves (1 to 2 weeks) and adjust rates so you are currently. Control at your fingertips. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 17, 2023 Share Posted May 17, 2023 8 minutes ago, Steve753 said: Bang your head against the wall, the records stuck on 60 minutes today. It's economics for idiots 101. You need to get ahead of inflation. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted May 18, 2023 Share Posted May 18, 2023 (edited) 1 hour ago, ArcticCrusher said: It's economics for idiots 101. You need to get ahead of inflation. You thought someone with hedge funds were people who own hedges. Edited May 18, 2023 by Mainecat 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 18, 2023 Share Posted May 18, 2023 18 minutes ago, Mainecat said: You thought someone with hedge funds were people who own hedges. Shut up abe. Quote Link to comment Share on other sites More sharing options...
SSFB Posted May 18, 2023 Share Posted May 18, 2023 3 hours ago, Crnr2Crnr said: I'm not 'rich', just like sure bets for $ that isn't to be gambled with. for some of the younger guys here with $1k-$25k burning a hole in their pockets CD's are an easy and safe way to save and get in good financial habits. in the 80's and 90's I made a lot of easy money from CD's to buy things when friends were taking out loans for everything. granted, there's interest income taxes but that's life I’ve got about 9 months of living expenses in cash which is overkill because I could find a new job immediately. Everything else is in market investments. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted May 18, 2023 Author Share Posted May 18, 2023 13 hours ago, ArcticCrusher said: How so when they are taxed at your full tax rate and they don't keep up with inflation? Maybe 60 minutes can explain it? oh golly gee let me think... keep portions your cash reserves in a 1.10% savings account, an even lower rate checking account or roll in and out of short term CD's above 4%...? do you breathe through your anus? Quote Link to comment Share on other sites More sharing options...
Doorider Posted May 18, 2023 Share Posted May 18, 2023 My normal savings account with Ally is 3.75%. Thought about throwing 20Gs our so into a CD, but after doing the math it didn't seem with the effort Quote Link to comment Share on other sites More sharing options...
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