Miscellaneous
Latest Discussions
Financial Partners CU 6% (Was 6.5%) 8-Mo 1K-5K CD For New Customers In CA
https://fpcu.org/money-saving-rates/certificates-ira-rates
https://www.depositaccounts.com/banks/financial-partners-cu-ca.html... read more
How To Implement Editorial Staff Changes
As a contributing freelance writer to one of the nation's largest magazines, I have been through senior editor transitions and know how challenging these can be. I wanted to offer ... read more
Highest Brokered CD Rates As Of 4/29/2024
As of 6 pm. EST 4/29/2024, here are the highest rates available at Charles Schwab brokerage for non-callable, new-issue brokered CDs with terms of 6-month, 9-month, 1-year, 18-mont... read more
Savings Bond Rates, Effective May 1, 2024
from TreasuryDirect:
Series I Savings Bonds
4.28%
This includes a fixed rate of 1.30%
For I bonds issued May 1, 2024 to October 31, 2024.
https://treasurydirect.gov/savings-bonds/... read more
Shift From Weekly Blog Summaries To Banking Basics: What Is Your Opinion?
I know that all of us are grateful to Ken for his 18 years of in depth savings summaries as part of his weekly blog. I have noticed that the new management and editorial staff have... read more
Think Past 2030=2033
It just occurred to me that I might want to calculate my estimated annual income from dividends, annual interest earned on CDs AFTER I have cashed in all those IBONDS in 2030 throu... read more
For Navy Federal -New Wording On Qualifing Direct Deposit
I was looking at the special 12 month easy start certificate with 5.3% apy and $3000 limit and saw new qualification for possible direct deposit. This is from the web site.
2
Limi... read more
Thank You Ken!
Thank you, Ken, for the invaluable information you have provided us regular readers over the years. I'm sure there are many households out there like mine, wiser and financially mo... read more
Ally Downtime Notice:
"We're taking a time out for tech maintenance this Saturday, starting at 2:00 AM ET. Some online services, like real-time transaction and account info won’t be available. Everythin... read more
Fed 2024 Federal Funds Rate Cut Timing
The Fed has the following meetings scheduled for the remainder of 2024:
Apr/May 30-1
Jun 11-12
Jul 30-31
Sep 17-18
Nov 6-7
Dec 17-18
Barring extraordinary reversals to the d... read more
5-Year @ 5.23% Tax-Equivalent Yield
On 4/11/2024 the 5-year Treasury Note posted a yield of 4.61% (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treas... ). Depen... read more
IRS’S Most Wanted: The $200,000 Man
https://www.wsj.com/articles/irs-tax-collectors-audit-middle-class-tigta-5071d622?mod=hp_opin_pos_3#...
https://reason.com/2024/04/05/promise-breaking-irs/
The Internal Revenue ... read more
Stick A Fork - June Fed Cut Is Dead
Only Wall Street people believed in it anyway. But with this morning's core CPI coming in at 3.8% year over year, and with last week's strong jobs report:
A June Fed cut? Fuggetab... read more
Yields of Some Popular Money Market Funds as of 4-5-2024
Here are the 7-day yields as of 4/5/2024 for some popular money market funds available at Fidelity, Vanguard, and Schwab: VMRXX @ 5.28%, VUSXX @ 5.27%, VMFXX @ 5.27%, SWVXX @ 5.17%... read more
Places That Allow Flexible CD Maturity Lengths?
I know this question has been asked before, but I can't seem to find it.
What places allow you to set more flexible CD maturity lengths?
By this, I mean places where you can set y... read more
20 Largest Banks As Of Feb 2024.
Rank
Bank
Assets (domestic)
1
JPMorgan Chase Bank
$2.61 trillion.
2
Bank of America
$2.34 trillion.
3
Wells Fargo Bank
$1.68 trillion.
4
Citibank
$1.01 trillion.
5
U.S. Bank
$646.7... read more
3 Yr 5% CD For April Maturity
For those who save for particular dates (ie, April being when taxes and estimated taxes are due) and who want to save for 3 years from now, there seems to really be only one place ... read more
April Fools' Day
This is pretty much a mindless post so feel free to ignore it and move on with my blessing.
As I write this we have reached the final business day of March. April looms Monday. I'... read more
Non-callable, New-issue Brokered CD Rates as of 3-28-2024
As of 10:30 am EDT 3-28-2024, here are the highest rates (APR) available at Fidelity for non-callable, new-issue brokered CDs with terms of 6-month, 9-month, 1-year, 18-month, 2-ye... read more
NFCU: Example Of A (Perhaps) Unintended Public Service
Does intent really matter all that much? When good is accomplished, do we condemn the beneficence merely because it was not the purveyor's goal?
I think not. Case in point:
This ... read more