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Advantage Of Using DA

RWK
  |     |   94 posts since 2024

Someone recommended DA to me a good while back. I'd forgotten about it and just came across it again. It looks like there could be some helpful information but it doesn't seem to be updated. Can you give me some quick input on when the site is typically updated. Are the ratings and rates for the banks and credit unions accurate? Are there particular sections that are usually of more interest than others. Thanks for your feedback.

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3


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NYCDoug
  |     |   334 posts since 2011
Sorry to be the bearer of sad news, RWK, but the founder of DA departed earlier this year — I leave it to you to research when/why (and read between the lines) — ever since which this site has seen a sharp decline in usefulness, and integrity.

You've come to the right section, though. The most helpful information may be found right here, in the User Community Forum, where a volunteer skeleton crew — caring, if still somewhat shell-shocked — continue to post deals they feel worth sharing, in a noble attempt to keep the original site's spirit "alive" and current . . . although nowhere approaching the regularity and frequency with which our departed guru, Ken Tumin, lavished upon us. (And often lacking his in-depth research, and expert insight.)

Interest rates — as you likely know — are heading downward, and so irresistible deals are now few and far between, if not entirely non-existent. You might supplement your check-ins and gleanings here with a more structured, consolidated information source, updated close to daily, here: https://depositquest.substack.com/

Welcome Back, and Happy Hunting!
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RWK
  |     |   94 posts since 2024
Thanks NYCDoug- sad indeed there are not many sites that provide valuable financial info that goes beyond the basic. With a quick look this does seem to be the right section. I'm sure Ken, and other visitors, appreciate the dedication of the veterans to keep the site valuable. Thanks for the feedback!
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RWK
  |     |   94 posts since 2024
NYCDoug- thanks- that appears to be a good source.
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happyharold4
  |     |   388 posts since 2022
@RWK---There are only about half a dozen online sites that discuss, MM, CD HYSA, and IRA's etc. I still consider DA and the folks who post up a source of good info on the way down as I did on the way up. The whiners can move on to whatever they consider better as they probably aren't contributing anything positive anyway---It's a free site and I'm still in.
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jbridge
  |     |   42 posts since 2024
Just to show you how out-of-date DA's rate information is, check out the "Best Savings Accounts of December 2024 – Up to 4.75%" blog post.

"our picks for the best savings accounts, ranked according to annual percentage yield (APY)" include 5 accounts (EverBank, LendingClub, Bask Bank, Bread Financial, and CIT Bank) with APYs ranging from 4.55% - 4.75%. There are currently four nationally available savings accounts with APYs between 5.00% and 5.25%, none of which DA mentions.

If you're look for rates that are updated regularly, I suggest using https://depositquest.substack.com/. FYI - DA has outsourced maintenance of its rates tables to India.
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Rickny
  |     |   1,296 posts since 2017
This site is a ship with no captain since Ken left. I find other sites that have someone like Ken running it.
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Rightdx
  |     |   43 posts since 2022
When you're ready to graduate from CD's and high yield money markets and move into T-bills or other bonds, you should check out Diamond NestEgg on Youtube, very helpful videos!
https://www.youtube.com/c/DiamondNestEgg
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NYCDoug
  |     |   334 posts since 2011
And put this on the back burner, for next year:

https://www.mymoneyblog.com/vanguard-short-term-treasury-bill-etfs-new-best-cash-alternative.html
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RWK
  |     |   94 posts since 2024
Diamond Nestegg can provide some useful tidbits-- it has over the last few years.
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RWK
  |     |   94 posts since 2024
Agreed. They have some pretty good tidbits. I know it's been out for a few months but I thought someone may be interested in the following from Diamond Nest egg.  Some folks may say she's too basic but she can provide useful into. If anyone has purchased Calamos structured etfs please provide some feedback.
Structured Protection ETFs
https://www.youtube.com/watch?v=jj4ohPTG4uA
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