Forum Highlights: Navy Fed IRAs, Coping with ZIRP and Credit Card Rewards
As I mentioned last month, I plan to regularly highlight a few of the forum posts. This is intended to help readers who may not regularly read the forum. It will also give me a chance to recognize and give thanks to the DA members for their contributions to the website. I've listed a few recent forum posts on topics that I think may interest DA readers. If you don't see your username mentioned this time, keep posting and you will likely see your posts mentioned in future forum highlights posts.
- Add-On IRA CDs at Navy Federal: DA member bbug posted that Navy Federal is accepting additions to existing IRA CDs through April 30.
- 1.10% Savings Account in Massachusetts: Last month scottj reported on an unlisted high yield savings account that's offered by Metro Credit Union.
- Rate and Balance Cap Changes: Unfortunately, rate cuts have been much more common than rate hikes. For reward checking, balance cap cuts have also been common. DA member 51hh posted on balance cap cuts at UniWyo FCU and at BankIowa. However, there have been occasional balance cap increase as reported by pearlbrown.
- Special 13-Month CD in SoCal: This week I reported on Kinecta FCU's 1% APY 13-month CD special. I will often post on rate specials in the forum instead of the blog when the rates aren't that great.
- Problems meeting reward checking requirements at Consumers CU: PaulF describes a downside with Consumers CU's reward checking account and its online banking system. It has one of the reward checking accounts that require signature-based (or credit) debit card purchases to qualify for the high rate.
- Coping With The Zero-Interest-Rate Policy: DA member cumulus posted a link to a Scott Burns article with a few useful tips for savers in this awful interest rate environment.
- Woman Drains Ex’s Retirement Account: This shows what can go wrong during a divorce when you don't stay on top of your retirement paperwork. Thanks to shorebreak for posting on this.
- Favorite Credit Card Rewards Programs: This might give you some ideas of new cash back credit cards. Thanks to 51hh for posting on the WSJ article and listing his favorites.
- Trillion-Dollar Platinum Coin: You may have seen news reports of this. Some are proposing this for the President if Congress doesn't raise the debt limit. Thanks to Kaight for posting on this news.
Discussion Forum Tutorial
If you like a simple blog format, you can view the forum using this link. This page shows the latest featured threads in an expanded format that shows the first post of each featured thread. Click on the title of the post to view any comments for that post or to leave a comment. Unlike the blog, the forum requires you to log in before you can comment.
You can get to this Featured Threads page by using the forum menu and clicking on the "Featured Threads" link. Then click on the "Posts" link below the menu. I actually prefer the "Threads" view which shows just the title of the posts along with the number of comments or posts for each thread.
I'm the one who gives a thread "featured" status. I try to select those that I think are most interesting. The "Latest Threads" link in the forum menu will show you all of the threads including ones that haven't been marked as featured. The "Latest Posts" link will show you the latest forum comments.
Posting to the Forum
If you find a noteworthy bank deal or some interesting financial news, please consider posting this information in the forum. This can be done in 3 steps:
- You have to be logged in to post in the forum. If you have never registered, just click the "Register" link on the top right of a DepositAccounts.com page. Note, you don't have to be logged in before you write your post, but it's required before the post can be submitted.
- Find the appropriate subforum. Start at the top of the forum and click on the appropriate topic.
- Click the "New Threads" button at the top of the subforum page, and follow the instructions. For the subforums that are specific to a particular bank, you first have to identify the bank. When you get to the message box, you can start typing your information. Note the icons at the top of the message box. These can be used to format your message. The one I use most is the link icon. This isn't active until you highlight the text that you want to convert into a link. Once the link icon is active, you can click on the icon which will open up a box where you can enter the web address.
Viewing and posting are more complicated in the forum than in the blog, but as I mentioned, this helps keep things organized. For more details on using the forum, please refer to my forum announcement post.