Featured Savings Rates

Popular Posts

Featured Accounts

Best Bank Account Interest Rates - Summary for September 19, 2017

POSTED ON BY

Best Bank Account Interest Rates - Summary for September 19, 2017

The Fed has begun its two-day FOMC meeting. The FOMC statement is scheduled to be released at 2:00pm EDT Wednesday. Also at that time, the Fed is scheduled to release its federal funds rate projections and its quarterly economic projections. Then at 2:30pm, Fed Chair Janet Yellen is scheduled to hold a press conference.

No rate hike is expected at this meeting. The main question will be whether this year’s low inflation numbers will have affected the Fed’s outlook for the federal funds rate. We may see this in the federal funds rate projections. Based on these projections and from Fed Chair Janet Yellen’s press conference, we may get a better idea about the likelihood of a December rate hike.

One outcome from the FOMC meeting that’s widely anticipated is the announcement of a program to reduce the Fed’s balance sheet which will reverse the quantitative easing (QE) that took place during the zero-interest rate years. An important reason that the Fed implemented QE was to suppress longer-term interest rates. Thus, reversing QE should have the opposite effect and push up longer-term interest rates.

Will the start of the Fed’s balance sheet reduction program raise deposit rates? The balance sheet reduction has been expected for much of this year, and long-dated Treasury yields have actually fallen this year. The start of the balance sheet reduction may help increase long-term rates a little bit, but I doubt we’ll see a repeat of the Taper Tantrum of 2013. That was when Fed Chair Ben Bernanke announced in May 2013 that the Fed was preparing to taper its bond purchases. The markets panicked in a reaction that was known as the Taper Tantrum. The result was that long-dated Treasury yields increased significantly. For example, the day before Bernanke mentioned tapering on May 21, 2013, the 10-year yield was 1.94%. Tapering was officially announced at the December 18, 2013 Fed meeting. By December 26, 2013, the 10-year yield had reached 3.00%.

How did the Taper Tantrum and the rising Treasury yields affect deposit rates? One of the best CD deals since 2011 began in December 2013. That was when PenFed started to offer 5- and 7-year CDs with a 3.04% APY (I now wish I had chosen the the 7-year rather than 5-year). It should be noted that PenFed’s rates were the exception. Nevertheless, 5-year CD rates overall did rise in 2013. Looking at just internet banks, the highest 5-year CD rate in May 3, 2013 was 1.85% APY. On December 20, 2013, the highest 5-year CD rate for internet banks was 2.16% APY.

The anticipation of the balance sheet reduction announcement may have been part of the reason Treasury yields increased in the last week. The rising stock market may be having more of an impact as investors move from safe Treasuries to stocks. All Treasury yields increased from last week except for the 1-month yield which declined 2 bps. The 5-year Treasury note had the largest yield increase, rising 9 bps from last week.

The odds of a December Fed rate hike increased substantially based on the Fed funds futures. The futures now show about a 63% chance of a rate hike, up from about 42% last week. These odds are likely to change dramatically based on the outcome of Wednesday’s FOMC meeting.

The following numbers are based on Daily Treasury Yield Curve Rates and the CME Group FedWatch.

Treasury Yields:

  • 1-month: 0.97% down from 0.99% last week (0.52% on Jan 3)
  • 6-month: 1.19% up from 1.16% last week (0.65% on Jan 3)
  • 2--year: 1.40% up from 1.33% last week (1.22% on Jan 3)
  • 5--year: 1.84% up from 1.75% last week (1.94% on Jan 3)
  • 10-year: 2.24% up from 2.17% last week (2.45% on Jan 3)
  • 30-year: 2.81% up from 2.78% last week (3.04% on Jan 3)

Fed funds futures' probabilities of future rate hikes by:

  • Sep 2017 - up by at least 25bps: 1.4% up from 0% last week
  • Dec 2017 - up by at least 25bps: 63.3% up from 41.9% last week
  • Dec 2017 - up by at least 50bps: 2.1% up from 0.8% last week
  • Dec 2017 - down by 25bps: 0% down from 0.8% last week
  • Jun 2018 - up by at least 25bps: 79.5% up from 59.9% last week

Savings and Checking Account Rates

We had another small surge of rate hikes on savings and money market accounts in the last two weeks. It’s similar to the surge that I noted two weeks ago except that the new rates are higher.

We have a new rate leader which doesn’t have a small balance cap or a large minimum balance requirement. UFB Direct, a division of Bofl Federal Bank, increased the rate on its Money Market Savings by 121 bps to 1.41% APY. This huge increase is the first rate change for UFB Direct’s Money Market Savings in more than four years. The minimum opening deposit is $5k. Click “view details” of UFB Direct’s rate table, and you can see the rate history of UFB Direct’s accounts. The roller-coaster charts don’t give me confidence that the rate leader status will be maintained over the long run.

Other accounts that had rate hikes included CIT Bank’s Premier High Yield Savings (up 5 bps to 1.35% APY for balances up to $100k) and SFGI Direct’s Savings Account (up 10 bps to 1.31% APY). In addition, EBSB Direct introduced a new money market account with the name Money Market Direct that earns 1.39% APY for balances of at least $50k.

SFGI Direct’s account rate history does give me confidence that the account will at least be close to the rate leaders over the long run.

Other institutions to raise their savings and money market rates are way behind the rate leaders. Quorum Federal Credit Union raised its HighQ Savings account rate by 25 bps to 1.10% APY. Bank of Internet USA (division of BofI Federal Bank) increased the rate of its savings account by 44 bps to 1.05% APY and increased the rate of its money market account by 30 bps to 1.05% APY.

Three of the above rate hikes added three new accounts to my 1.25% club. The total number in this club is now 13. This 1.25% club is the group of nationally available checking, savings and money market accounts that have rates of at least 1.25% APY and that are clearly not promotional or temporary. The new three are the SFGI Direct Savings Account, UFB Direct’s Money Market Savings Account and EBSB Direct’s Money Market Direct Account. The other ten in this club include Northern Bank Direct, Sallie Mae Bank, CIT Bank, ableBanking, Self-Help FCU, BankPurely, UFB Direct (UFB Premium Savings), PurePoint Financial, Dollar Savings Direct and Live Oak Bank.

Reward Checking Accounts

Again, there were no changes to my list of nationally available reward checking accounts. Reward checking rates have been slower to respond to the Fed rate hikes as compared to internet savings account rates. Since much of the rates of reward checking accounts are paid for by debit card activity, banks may continue to go slow with rate hikes.

To find the highest reward checking rates and balance caps in your state or nationwide, please refer to our reward checking rate table. If you're new to reward checking, please refer to my blog post, Overview of Reward Checking and Our Reward Checking Table.

Certificate of Deposit Rates

I’m now publishing my CD survey as a separate post. Please refer to my survey of the best CD rates. This recap will focus on banking news of the week and liquid accounts.

CD Deals: I just wanted to include this reminder of a few noteworthy CD deals that are available.

In addition to the new money market account, EBSB Direct came out with a very competitive 30-month CD (2.21% APY). Please refer to this blog post for more details.

Update 9/20/17: This 30-month No Penalty CD from AgFed has ended and is no longer available. AgFed Credit Union’s 30-month CD rate is much lower (1.85% APY), but it has one big advantage: a no-penalty withdrawal option. As I described in this blog post, this no-penalty feature makes this CD a great place to park funds while you want for those 3% CDs (Let’s hope for a repeat of 2013 at PenFed.)

AgFed’s No Penalty CD is definitely a better deal than Ally Bank’s 11-month No Penalty CD which currently earns 1.50% APY for balances of at least $25k. Balances of $5k to under $25k earn a 1.25% APY. The advantage of Ally is an easy account opening process and easy account management. Please refer to this blog post for more details. CIT Bank is also giving Ally some competition with its 11-month No-Penalty CD which earns 1.45% APY, with only a $1k minimum deposit (see blog post).

The wait continues for those 3% CDs. The highest nationally available 5-year CD rate is currently 2.60% APY at Mountain America Credit Union. The downside with this CD is an early withdrawal penalty of 1-year of interest. If you think there’s a decent chance that you may want to break a CD, Ally Bank’s 5-year CD (2.25% APY for all balances) is a good choice. It isn’t the 5-year rate leader, but its 5-year CD is very competitive when you factor in the mild early withdrawal penalty (150 days of interest). Sallie Mae Bank is giving Ally some competition. Its 5-year CD APY is 2.35%. This CD’s early withdrawal penalty is just slightly larger than Ally’s (180 days of interest). An easy-to-join credit union recently surpassed Sallie Mae Bank for a top 5-year rate with a mild early withdrawal penalty. Signal Financial Federal Credit Union’s 5-year CD earns 2.40% APY, and its early withdrawal penalty equals six months of interest. You can see the effective yields of these CDs when closed early by using the CD Early Withdrawal Penalty Calculator.

Rates as of September 19, 2017

Checking/Savings/Money Market Accounts:

  • Noteworthy Accounts Available Nationwide:
InstitutionRatesNotes
State Bank of Texas1.55% ($100k)Jumbo MMDA - Account review
All America Bank1.50% (up to $35k), 0.50% ($35k+)Mega Money Market Account - Account review
Redneck Bank1.50% (up to $35k), 0.50% ($35k+)Mega Money Market Account
UFB Direct1.41% ($5k min)Money Market Savings - Account review
DollarSavingsDirect1.40% (no min)Dollar Savings Account - Account review
Live Oak Bank1.40% ($250k max) Savings Account - Account review
EBSB Direct1.39% ($50k+), 0.20% ($5k+)Money Market Direct - Account review
Self-Help Federal Credit Union1.37% ($500k), 1.27% ($500) Money Market - Account review
United Bank (MA)1.36% ($500k max, guaranteed for 6mo) Advantage Money Market, Not available in all states, Account review
CIT Bank1.35% (up to $100k), 1.30% ($100k+) Premier High Yield Savings - Account review
Salem Five Direct1.35% eOne Savings, for new customers only Account review
Signal Financial Credit Union1.35% ($25k, enrollment in Premium Bundle) Premium Money Market - Account review
EverBank1.31% (1yr intro rate) 0.86% ongoing rateMMA - Account review
SFGI Direct1.31%Savings account - Account review
Synchrony Bank (formerly GE Capital Retail Bk) 1.30%High Yield Savings - Account review
Nationwide Bank1.30%Online Savings - Account review
Sallie Mae Bank1.30%MMA - Account review
BankPurely1.30% ($1 min) SavingPurely - Account review
ableBanking1.30% ($250 min)Money Market Savings - Account review
PurePoint Financial1.30% ($10k min)Online Savings - Account review
UFB Direct1.30% ($25k+), 0.20% ($100) Premium Savings - Account review
The Palladian PrivateBank1.30% (6mo intro rate) 1.10% blended APYSavings Account - Account review
Northern Bank Direct1.26% ($250k max) Money Market - See review
BBVA Compass1.25% ($10k min)ClearChoice MMA Promo - Account review
McGraw-Hill Federal Credit Union1.25% ($75k), 1.10% ($20k),1.00% ($5k) (guaranteed through 8/31/17)Ascend Account - Account review
EverBank1.21% (1yr intro rate) 0.71% ongoing rateChecking - Account review
Incredible Bank1.21% ($2.5k), 0.05% ($250k+)IncredibleBank Savings - Account review
Popular Direct1.21%Popular Direct Plus Savings - Account review
Barclays1.20%Online Savings - Account review
GS Bank1.20%Online Savings Account - Account review
Radius Bank1.20% ($2.5k min)Radius High-Yield Savings - See review
Ally Bank1.20%Online Savings - Account review
Capital One1.20% ($10k+), 0.60% (up to $10k)360 Money Market - Account review
American Express Bank1.15%High Yield Savings - Account review
My e-BAnC by BAC Florida Bank1.15%Super Saver - Account review
Discover Bank1.15% (no min) Online Savings - See review
FNBO Direct1.15%Online Savings
MyBankingDirect1.15% ($5k+), 0.25% (less than $5k) Earn >More Money Market
SmartyPig1.15% ($10k min), 1.05% (less than $10k)SmartyPig Savings - Account review
Nationwide Bank1.15% ($10k), 1.00% ($1)Nationwide Member Checking Account
Connexus Credit Union1.15% ($100k), 1.00% ($50k,) 0.75% ($20k)MMA - active chk required
Northpointe Bank1.12% Statement Savings - Account review
Alliant Credit Union1.11% ($100 min)High-Rate Savings - See review
Northeast Bank1.10%Pearl Money Market Promo, new customers - Account review
Dime Savings Bank1.10% Dime Direct Money Market, new money - Account review
iGObanking.com1.10% ($25k min) MMA, New accounts and new money only, Account review
Chevron Federal Credit Union1.10% ($250k+), 1.00% ($2.5k+) MarketEdge Savings
Quorum Federal Credit Union1.10% HighQ Savings
Pacific National Bank1.06% Money Market Deposit Account - See review
AloStar Bank of Commerce1.05%Savings account - Account review
Bank of Internet USA1.05% Smart Money Market
Bank of Internet USA1.05% Smart Savings
Discover Bank1.01% ($100k min), 0.95% ($2.5k) MMA - See review
iGObanking.com1.00%iGOsavings - Account review
MySavingsDirect1.00%MySavings Account - Account review
UFB Direct1.00% ($20k min)UFB Savings - Account review

Reward Checking Accounts:

  • Noteworthy Accounts Available Nationwide:
InstitutionRatesNotes
Northpointe Bank5.00% (up to $10k), 0.10% ($10k+) UltimateAccount - Account review
Consumers Credit Union4.59% (up to $20k) Rewards Checking - debit card and $1k credit card requirements
Consumers Credit Union3.59% (up to $15k)Rewards Checking - debit card and credit card requirements
One American Bank3.50% (up to $10k), 0.25% ($10k+)Kasasa Cash - Account review
Consumers Credit Union3.09% (up to $10k)Rewards Checking - debit card with NO credit card requirements
Evansville Teachers Federal Credit Union3.00% (up to $15k), 0.00% ($15k+)Vertical Dividend Checking - Account review
Lake Michigan Credit Union3.00% (up to $15k), 0.00% ($15k+)Max Checking
Great Lakes Credit Union3.00% (up to $10k), 0.10% ($10k+)Ultimate Checking
Security State Bank3.00% (up to $10k), 0.25% ($10k+)Kasasa Cash - Account review
Partner Colorado Credit Union3.00% (up to $10k), 0.50% ($10k+)High Interest Checking
American Bank & Trust2.51% (up to $10k), 0.25% ($10k+)Kasasa Cash
Industrial Bank2.50% (up to $15k), 0.25% ($25k+)Kasasa Cash
Capital Educators Federal Credit Union2.50% (up to $10k), 0.20% ($10k+)High Yield Checking
New Buffalo Savings Bank2.27% (up to $35k), 0.2497% ($35k+)Kasasa Cash - Account review
Bellco Credit Union2.25% (up to $25k), 0.25% ($25k+)Boost Interest Checking - Account review
Main Street Bank2.25% (up to $25k), 0.25% ($25k+)Kasasa Cash - Account review
Altra Federal Credit Union2.25% (up to $15k), 0.50% ($15k+)A+ Checking
Coastal Credit Union2.25% (up to $10k), 0.10% ($10k+) Go Green Checking - Account review that includes companion Go Green MMA
Georgia Bank Company2.15% (up to $25k), 0.40% ($25k+)Kasasa Cash - Account review
TruStone Financial Credit Union2.02% (up to $20k), 0.10% ($20k+)TruRate Checking - Account review
BankFirst2.02% (up to $10k), 0.15% ($10k+)Kasasa Cash
Finex2.018% (up to $25k), 0.20% ($25k+)Axcess Rewards Checking, Premier Account (formerly First New England Federal Credit Union)
XCEL Federal Credit Union2.01% (up to $25k), 0.03% ($25k+)Kasasa Cash Checking
Bay State Savings Bank2.01% (up to $20k), 0.25% ($20k+)Kasasa Cash - Account review
Legence Bank2.01% (up to $10k), 0.25% ($10k+)Kasasa Cash
5Star Bank2.00% (up to $25k), 0.15% ($25k+)Kasasa Cash Checking Account review
Country Bank2.00% (up to $20k), 0.25% ($20k+)Kasasa Cash Checking Account review
Elements Financial2.00% (up to $20k), 0.10% ($20k+)High Interest Checking - Account review
MainStreet Bank2.00% (up to $15k), 0.25% ($15k+)Kasasa Cash - Account review
Blue Federal Credit Union2.00% (up to $15k), 0.25% ($15k+)Extreme Checking (up to 4% w/account relationships) - Account review
All America Bank2.00% (up to $10k), 0.50% ($10k+)Ultimate Rewards Checking
United Educators Credit Union2.00% (up to $10k), 0.25% ($10k+)Kasasa Cash
KS StateBank1.95% (up to $25k), 0.50% ($25k+)Check PLUS - Account review
Connexus Credit Union1.75% (up to $25k), 0.25% ($25k+)Xtraordinary Checking
First Tech Federal Credit Union1.58% (up to $10k), 0.16% ($10k+)Dividend Rewards Checking
MemoryBank1.50% (up to $250k) EarnMore Interest Checking - Account review
Superior Choice Credit Union1.50% (up to $30k)AMP Checking
Bank of Internet USA1.25% (up to $150k), 0.00% ($150k+)Rewards Checking
Heritage Bank1.25% (up to $25k), 0.10% ($25k+)eCentive Account
ABCO Federal Credit Union1.01% (up to $25k), 0.10% ($25k+)Rewards Checking
Community Bank of Raymore1.01% (up to $10k), 0.20% ($10k+)Kasasa Cash
Community Bank of Pleasant Hill1.01% (up to $10k), 0.20% ($10k+)Kasasa Cash
First American Bank1.00% (up to $15k), 0.21% ($15k+)Everyday Rewards Checking
Bank of Blue Valley1.00% (up to $10k), 0.10% ($10k+)$1k/month debit card req (formerly Ultimate Checking)

Certificates of Deposit:

Bank Account Alternatives - NOT FDIC Insured

InstitutionRatesNotes
Duke Energy PremierNotes1.41% rate for $50K+Duke Energy PremierNotes review
Ally Financial Demand Notes1.15% rate for $50k+
Ford Interest Advantage1.15% rate for $50k+Ford Interest Advantage review
Vanguard Prime Money Market Fund1.12% 7-day yield
Fidelity Money Market Fund0.97% 7-day yieldreviews on Fatwallet
Vanguard Tax-Exempt Money Market Fund0.73% 7-day yield
Fidelity Municipal Money Market Fund0.49% 7-day yield

Post Publication Edits

9/20/2017: United Bank (MA)’s Advantage MMA added.

9/20/2017: Removed the mention of AgFed's 30mo CD

9/21/2017: Synchrony Bank's High Yield Savings rate raised.

Related Pages: savings accounts, money market accounts, checking accounts, reward checking accounts, nationwide deals, Internet banks
Comments
deplorable 1
deplorable 1   |     |   Comment #1
It has been reported by another reader that Redneck/All America bank will allow 2 1.5% Mega Money Market accounts per person or SS#. One at All America bank and one at Redneck bank. For a married couple this would mean that you could have $35,000 x 4 or $140,000 earning 1.5%. I was wondering if anyone can confirm this. Also if you have one of these accounts sign up for paperless statements as they will be charging a $3 monthly fee for paper now.
MidAtlantic
MidAtlantic   |     |   Comment #5
Why not call them and ask??
deplorable 1
deplorable 1   |     |   Comment #15
I think I will just apply for a All America MMMA online and see what happens. I don't want to draw attention to myself by calling. If they let me open the account then I will assume it is ok.
i am curious blue
i am curious blue   |     |   Comment #8
"redneck bank",,,,,really????....do they employ advance degreed banking professionals with ivy educations?
deplorable 1
deplorable 1   |     |   Comment #14
Actually they are very professional over there and their customer service folks are English speaking and are quick to reply. They let you link multiple accounts for transfers which complete in 24 hrs. It has consistently been a rate leader as well. Funny how some folks will judge a bank by it's name.
OLD HICKORY FAN
OLD HICKORY FAN   |     |   Comment #30
NEWS FLASH,,,,,STAN FISHER, VICE FED CHAIR,,,IS LEAVING FOR PERSONAL REASONS IN MID OCTOBER.....that leaves FOUR SEATS OPEN ON THE FOMC,,,,IF TRUMP FILLS THOSE SEATS WITH VON MISES AUSTRIANS, OR POPULISTS OR PEOPLE THAT CAN SPELL INFLATION AND UNDERSTAND MARKET IRRATIONAL EXUBERANCE,,,,,the country can be saved.....TRUMP HAS A PICTURE OF ANDREW JACKSON ON THE WALL BEHIND HIM IN THE OVAL OFFICE,,,,,,BY THE GODS HE OUGHT TO INVOKE THE TRUE SPIRIT OF JACKSON'S GHOST AND IMMASCUALTE THE BLOODY BANK!
NYCDoug
NYCDoug   |     |   Comment #3
$2,500 min to avoid fees
SYC
SYC   |     |   Comment #6
AgFed’s No Penalty 30 month CD offer is not shown on their website this morning. CSR confirmed over phone that their No Penalty CD is no longer available as of today.
SYC
SYC   |     |   Comment #7
AgFed's No Penalty 30 month CD offer is missing from their website today. CSR confirmed over the phone that this offer is no longer available.
Ken Tumin
Ken Tumin   |     |   Comment #9
Thanks for the comment. Sorry to see this AgFed CD end so quickly. The post has been updated.
Att
Att   |     |   Comment #10
So the Fed says one more rate hike 2017. We'll see what happens
Dog
Dog   |     |   Comment #11
If you're holding for 5 years do you go for elements ratechanger at 2.25 or grab a 2.5 with good ewp?
LOL Lol lol
LOL Lol lol   |     |   Comment #12
THE AGGREGATE EXPERTISE OF THIS DOMAIN SHOULD WEIGH IN ON WHETHER THE OLD GREY MARE KEEPS HER JOB AND WHETHER GARY COHNFINGER OF ONE GOLDMAN PLACE, IS A BETTER BET FOR DEPOSITOR SAVERS,,,,could it be any worse? ALSO,,,,,WHETHER TRUMP MIGHT GO WITH A BRAND NEW FACE LIKE GLENN HUBBARD OR A LARRY LINDSEY TYPE GURU, Considering the affront of cohnfinger to PRESIDENT TRUMP, over the charlottesville flap. It will be a very telling episode coming up in jan 2018 as to who is really in charge of the white house aka ONE GOLDMAN PLACE.
Martin
Martin   |     |   Comment #13
The FEDs removed all of the uncertainties of the future rates hikes and of the unwinding of the FED's debt. That tells us that all is staged and make believe inflation will continue and the rates are written in stone irrespective of any future economic growth or downfall.
They do not predict, they commend that the inflation will reach 2% at the end of 2019 and the sales and the purchases of the unwinding, will take 8-10 years, by purchasing treasury and mortgage back security in relation of 60%/40% ratio and maximum of $50 billions per month (starting with $10 Billions next month).
If you follow that projection, do not expect any more rate hikes (except for one or two more) and that may be the end for the next 8-10 years as per the FOMC minutes. They also lowered the long term treasury bond from 3% to 2.75% for foreseeable future.
deplorable 1
deplorable 1   |     |   Comment #16
@Martin: I think you are correct about the bogus inflation but I don't see this as a bad thing for longer term rates though. I think longer term rates should rise. I would have preferred a rate hike at this meeting myself. The problem is that we have 20 trillion in debt(10 trillion from Obama alone) and 4.5 trillion on the FED's books. I really think that debt needs to be paid down or the FED will keep rates low forever. Too bad we have a congress full of fools who can only think of spending more money that we don't have. That 2% scapegoat the FED keeps using as an excuse for not hiking rates is getting really old when we are already at full employment.
Martin
Martin   |     |   Comment #19
deplorable 1, you wrote: " I think longer term rates should rise."
If the markets are flooded with extra long term unwinding notes, bonds, treasuries or other long term instruments, the rates fall, please read my last sentence on comment #13.
This nation can no longer afford to issue more debt, if it does, the dollar will suffer and the standard of loving will fall proportionally. The interest rates are no longer relevant, they are not referenced or conditioned to anything anymore due to tremendous debt this country accumulated, as per your own observation too.
What they are trying to do is save their own skins and pass the debt baton to the next congress and the next and so on until the world will figure out we no longer can pay the interest on the national debt ($432 billion per year as of today) and rising.
Our savings will no longer provide any meaningful interest to live off and we will be forced to spend it before it loses the purchasing power altogether. The dollar is under tremendous pressure and has been going down since January and since we import 80% of everything, the prices will rise, but the FEDs can not raise the rates to support the dollar anymore do to the facts stated above. It has become catch 22 for the FEDs and the dollar.
Bozo
Bozo   |     |   Comment #20
Martin (re comment # 19), I gave up trying to make a real return on fixed income several years back. As I said many months back, we're in the "terrible twos" Two percent growth, two percent dividends, two percent inflation, two percent on bond funds, two percent on CDs. Pick your poison. Of all the options, QDIVS seem the best, from a tax standpoint.
Bozo
Bozo   |     |   Comment #21
Funny anecdote. My wife and I met with a "financial planner" several weeks back. She works for a brokerage, and was obviously peddling her wares. She asked us to rank our investment goals, from most important to least important. My wife and I agreed capital preservation was most important (no risk to principal, with FDIC/NCUA insurance). Next on the order of importance would be income, but we'd settle for a "real return" (after taxes and inflation). Way down the list was growth. As I noted in another thread, when you get too conservative, financial planners really lose interest.

It's hard to make a buck (much less a commission) tweaking a CD these days. Her company did it (theoretically) with a teaser rate, drawing in new prospective clients to the brokerage. Get you in the door, sign up for the brokerage account, get the CD.

It's a great concept, it does get you in the door, but the cross-marketing can result in a total "thud" (as it did with us).
Martin
Martin   |     |   Comment #25
Bozo, your comments #20 and #21 are right on the money of your observation and the 2's syndrome is done on purpose and as an order from the globalists. I will not go into details who the globalists are, but you can find for yourself if you do some digging. The people no longer are important nor they are relevant on the global stage anymore, everything is set behind closed doors and what we hear in public is just opposite of what they have concluded and is made to support their agenda and not ours.
We have been lied time after time about the economy, inflation, unemployment, GDP and so on for over a decade now and nobody has the guts to expose the reality and it is not USA only, it is the same in Europe and Asia (especially China) they learned how to manipulate the global economy after they acquired the western technology for free.
Everything now is (including the "financial planners") one big lie and misleading promises for better returns. If better return means an extra 0.01% that will be eaten by the commission paid of 2%, we are being fooled again.
Unless we get out of dollar denominated investments, we are all playing with fire. I would be interested also to invest in real estate, agricultural land, selected foreign currency denominated investments and basic food related stocks only.
As you can see I did not say anything about gold and silver, there is a reason for it, but I can not disclose it in public.
???
???   |     |   Comment #27
# 25
all that you've said has convinced me to be on the side of the globalists if they're going to be the winners. is there an application form
Martin
Martin   |     |   Comment #28
??? comment #27, yes there is, they need volunteers to obey their orders and to sacrifice themselves without questions. This is what Yellen said yesterday:
"Federal Reserve Chairwoman Janet Yellen says the recent slowdown in U.S. inflation is a “mystery,” but she and her colleagues are not mystified enough to keep borrowing costs as low as they are now."
See, she already admitted that she lost the control of the FEDs and blindingly obeys the globalist "mystery" orders.
It may looks like joke to you, but one day you may learn the true story. Where do you think the rocket-man got the technology and the money for hydrogen bombs and ISBMs?
Martin
Martin   |     |   Comment #29
Furthermore on ??? comment #27, it is ICBMs not ISBMs it was a typo. Did you hear the Trump's speech at UN, did you hear what was all that about sovereignty of the nations, he was addressing the globalists who want to tear down the boarders globally and mix the races to start civil wars and political and economical chaos.
Why the democrats and the hidden state evils want Trump out of office, because he is a patriot and sovereign nations advocate. It is against the globalist agenda and they will even manufacture evidence to impeach Trump.

If he is removed, this nation will be destroyed from inside out by the globalists (democrats) and I wonder why you try to keep blind eyes to the truth.
???
???   |     |   Comment #31
You have a much deeper fear of the way things look to your mind. I can't imagine the dreams you have if you ever feel its safe to close your eyes. All I see is Republican Humpty Dumpty Congress.
Martin
Martin   |     |   Comment #32
??? comment #31, you wrote: "All I see is Republican Humpty Dumpty Congress.?
What you do not understand is how the individualism works, every voice and opinion counts and is respected.
The democrats get a list from the globalists of how to vote and they just do it blindingly without any discussions or remorse or reading it or asking any questions (you can see whats in it after you pass it, sounds familiar to you?). In my book, that makes them useful idiots.
Fear is for someone who can not control the feelings or has lack of knowledge or understanding of the facts, you can count me out on that one, maybe you feel it not me.
THOM FRANK FAN
THOM FRANK FAN   |     |   Comment #33
THIS CANNOT BE DENIED,,,the democrats take care of the wealth class and their base of common folk and oppressed groups EVERYTIME ALL THE TIME.....the REPUBLICANS TAKE CARE OF THE WEALTH CLASS FIRST LAST AND ALWAYS and chump their common mains street, state street voters every time and this time too. THOM FRANK'S BOOK WHAT'S THE MATTER WITH KANSAS SPLAINS IT ALL perfectly. Populist voters should have a place in the democrat party since the republican party steals their votes and gives them squat in return. i have said it and no more needs to be said.
???
???   |     |   Comment #34
Brother, I concede. May you and your brethren go forth, multiply, and save us from the humanity to befall us.
deplorable 1
deplorable 1   |     |   Comment #22
I agree it is a catch 22. We have never been in this much debt before which makes it really difficult to predict future interest rates. The problem is that people keep demanding more and more from the government at a time when we can least afford it. There is nothing wrong with social programs when you have a balanced budget but to continue along this path while we are 20 trillion in the hole is pure folly. Too bad nobody in congress is listening as usual.
Martin
Martin   |     |   Comment #26
deplorable 1 on comment #22, the balanced budget can not be achieved anymore, the democrats made sure we can not pay it anymore by making it twice as much of what we can afford. More money is going out then in and there you have it perpetual struggle for more taxes to be collected and more giveaway programs to be paid for.
Never ending balance deficits. All done on purpose by one hateful party.
Happy Times
Happy Times   |     |   Comment #36
See https://tradingeconomics.com/united-states/government-debt-to-gdp and click on MAX.
gravitas  & portfolio
gravitas & portfolio   |     |   Comment #17
boys and girls,,,,,when someone SPECULATES on FUTURE fed actions,,,,,i want to know the name of the economist or financial guru of note or gravitas that echos their speculative theory. you are entitled to any opinion, but it's good to know if an established authority agrees wih you.
gregk
gregk   |     |   Comment #18
Regarding "established authority" tell me the economists or financial gurus who predicted the financial crisis (and subsequent events) of almost a decade ago now, and then indicate why their opinions and judgments should be given more weight presently than our own speculations.
analyze that
analyze that   |     |   Comment #24
read david stockman's bio, peter schiff's bio, and jim rogers bio and their predictions about the 2000 downturn and 2008 crisis,,,,,the keynesians were blind to it,,,of course they would be; and greenspan was defrocked, if you think anyone around here is better than stockman, rogers or schiff,,,,than follow their lead. the usual suspects are stiglitz, roubini, moore, hatziius, gross, krugman, yaron brook, the whole mises institute austrian club to counter all the keynesian talking heads presented on the biz channels spouting free money forever. IF YOU OF YOUR OWN CALCULATIONS THEORIZE AND THEN FIND A NOTED EXPERT ECHOING YOU.....you're doin good even if the future proves you wrong. ,,,,AND DICK CHENEY SAID THAT REAGAN PROVED,,,,,,DEFICITS DON'T MATTER,,,,,people have kvetched over the deficit since we won the war of independence. my own theory reflects yaron brook and stockman,,,,,the fed is out of control, they are making it up as they go, they are out to destroy humble nest eggers and the middle class since they are commies, and no one on the planet will stop them except forces that i have alluded to in the GOLDEN QUESTION,,,,which no one round here can understand nor attempt an answer.
#23 - This comment has been removed for violating our comment policy.
deplorable 1
deplorable 1   |     |   Comment #35
Duke Energy Premier Notes is looking pretty good as they are now beating Ally Demand notes in all 3 tier levels. I may just have to switch as Ally seems to have ignored the 4 rate hikes at the FED. From the prospectus it looks like exactly the same terms and even has the same Northern Trust Company as the processing agent. 1.41% is pretty good for liquid cash with no debit card hoops or 6 withdrawal per month limit. The only drawback is that they are not FDIC insured but for a bill pay account with a bottom tier of 1.2% it really doesn't matter all that much.