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FDIC Information
Maybe this should be on a different forum. I just want to post what I just read on a .gov site about new rules for FDIC coverage.
https://www.fdic.gov/resources/deposit-insurance... read more
Help/Suggestions For Short-Term Deposits (No More 5Yr Cds For Me)
Hi all. For many years I've appreciated Ken's site here and used the information to open up almost exclusively long-term (5yrs+) CDs that are 3%-4% (even Add-Ons) through the years... read more
Airline Flight Bonus Miles..Good/Bad Deal?
From Forbes…
“Bask Bank
According to its website, Bask Bank launched the first online-only savings bank in the U.S. in 1999 as Texas Capital Bank. It is an FDIC-insured institutio... read more
Secondary Treasuries
Here is what is available in common man quantities
11 month 185%
9 month 1656%
6 month 1285%
By comparison
New issue CDs (callable)
1 year 160%
18 month 210%
24 month 265%
I am... read more
Brokerage CD's Vs. Bank CD's
For quite some time it has seemed to me that brokerage CD's were paying less than direct bank CD's so I so I chased CD rates by going to whatever banks were paying the most. Now it... read more
What Should I Do With My CD Proceeds?
6 figures so please don't bring up an ibond
My options---without opening a new account for now seem to be
12 months 1.05% keesler
15 months 1.05% Nasa
18 months 1.15% penfed
2 yea... read more
Ibonds: Can I Start Paying Taxes On Interest In Year 20 Of A 30 Year Ibond, Just Going Forward
I have paper ibonds. I bought them in 2001, 2002, and 2003. I have never paid any taxes on the interest they earn. I never thought about it before this. NOW, starting in 2022, is t... read more
Credit Alert Issues
there are credit alerts, and credit freezes. My understanding is that a FREEZE is like a locked out credit bureau account, but an alert is just an added step to require them to ver... read more
Treasury Buyback Rules
Is anyone familiar with the Treasury buyback rules?
I just ran across this concept. Tried to read and understand what is written over at Treasurydirect.gov, but got nowhere. It al... read more
18 Month Cd Ladder Versus A 5 Year Cd Ladder
For many years I had used a 5 year cd ladder with an equal amount in each year.. This is while I was busy working rather than pondering finances. .Then there came a chance to take ... read more
Northpointe Bank Rate For Real?
I see Northpointe bank is offerring the best rate around at .9% of 6 months on savings. I find no recent reviews. Is this just some come on rate and in 6 months you'll have to chan... read more
Best Bank For Online Savings
What is considered to be the best all around bank for online savings?... read more
Pen Fed Early Withdrawal Penalty
I was thinking of buying some Penfed cds in April, 2022. But just now I looked at their early withdrawal penalties on their longer cds. The penalty is 30 percent of the interest yo... read more
Automatic Renewal No Thanks
I followed up and bought the teachers fed cu 22 month cd. Than they sent me a contract to sign and return. On the contract they had typed that I wanted automatic renewal at maturit... read more
Concerns About ACH Transfer Limits
I was surprised to see so many ACH transfer limitations. For example, at NASA FCU the daily outgoing ACH limit for members (not new) is $10,000 daily and $25,000 monthly. There's n... read more
How To Report Interest From 1099 OID
I opened a 16 mo, $100,000 CD at a regular FDIC insured American bank. Come January when 1099’s are mailed, I received a 1099 OID for that acct. When I contacted the bank, from the... read more
How Much Extra NCUA Insurance For Living Trust?
I'm having a living trust made now. The idea is it will be used as the beneificary on accounts from now on.
When I list a living trust as the beneficiary, does that count as one ... read more
Has Anyone Heard Of A Bank/CU Refusing To Close A CD Early?
I know CDs have Early Withdrawal Penalties (EWPs) for closing or taking out funds before maturity.
But has anyone ever heard of a Bank or Credit Union where they refused to either... read more
Ibond Issue Date Isn't On Their Chart- I Am Missing Something And Baffled
Hi. I bought i bonds oct 27, 2021.
I am attempting to use the treasury direct ibond rate chart, but am stumped and feel stupid (but am rather used to that).
Here is the url to t... read more
I Bond Purchase Scheme?
I want to use my tax refund to purchase $5,000 worth of I Bonds. I computed my taxes and have, in round numbers, a $1,000 refund due. Before I file, can I make an estimated tax pay... read more