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Northern Bank Direct - Best Short Term MM% Play?

Blade
  |     |   49 posts since 2018

With MM/Savings rates dropping each day now, and the Fed most likely to scare them down even faster after Friday's meeting, is Northern Bank Direct's MM offer of 2.5% the best short term play since they are guaranteeing the rate until the end of this year? Any other banks or CU's I might be missing that are guaranteeing their rate for the remainder of the year?

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enelrad1123
  |     |   75 posts since 2017
Yes, Blade, this is the best guaranteed rate I have found for liquid accounts. Beware if the balance exceeds 250K, the rate drops to 1.24%. If you have funds available, now might be the time to invest in CD's and lock in a better rate now as their rates are also dropping.
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GreenDream
  |     |   358 posts since 2019
The only other guaranteed high rate MM/savings type account I'm aware of is Amboy Direct's Jersey first e-saving account - 2.5% guaranteed for 1 year. The catch is it's only for New Jersey residents and only good for the first 50k any money above that (up to 250k) has a rate of 1.875%. If anyone knows of others, I'd love to hear about them :)
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GreenDream
  |     |   358 posts since 2019
well, it *was* the best short term play. Northern Bank Direct is no longer offering it on their website (only CDs are on offer). Hope everyone that was interested signed up for it while it lasted.
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