Miscellaneous
Latest Discussions
Cds, Savings Via Raisin (Formerly Savebetter) -- From Jonathan Ping @Savebetter
https://www.mymoneyblog.com/sallie-mae-bank-cd-savebetter-review.html... read more
I Feel Like I'm Done with CDs for a while
With it now questionable if the fed will ever raise rates much higher, am I the only one who feels as if I've moved my pieces on the chessboard to where I want them, and I'm done f... read more
Off Topic: Fixed Income Alternatives
This post is off the topic of certificates of deposit. However, it remains on the topics of fixed income investments, safety, and yield. While likely of most interest to high incom... read more
A Post I Saw About Fintechs.
Open Banking Proposal Raises More Questions Than Answers For CUs
These changes represent opportunities as well as challenges, so long as they are not ignored.
By Henry Meier, Esq.... read more
I-Bond Savings Bond Fixed Rate Increased To 1.30%
The Treasury announced today it is raising the permanent fixed rate on the U.S. Series I Bond to 1.3% (from .9%) resulting in a composite rate for I Bonds purchased from November 2... read more
CU Organizations...
All the talk of USDAA (sounds too much like USDA, not the best acronym for a dog organization unless you like them served on your dinner plate) in the "Advantial" blog thread made ... read more
DepositAccounts Risk Reduction Tool Cited In Recent Article
Here's the lead-in for the story:
Do you want an expected return of nearly 6% annually above inflation but also want to be guaranteed to beat inflation in a worst-case scenario? U... read more
Non-Callable 5-Yr Brokered Cds Are Currently Offered At 5.05%, Dive In Or Wait?
Wells Fargo, Discover Bank and State Bank of India are currently selling non-callable 5-yr brokered CDs at 5.05% on Fidelity. These are slightly higher than the ones sold in March ... read more
Subprime Mortgage Crisis - How Quickly They Forget!
In the spirit of "here we go again":
https://www.politico.com/news/2023/10/24/lending-discrimination-anti-redlining-rule-00123150
Have they forgotten history of the recent past?:
... read more
Noteworthy Dates In The Immediate Future
Dates of next FOMC meeting: October 31-November 1
Date of October employment report release: November 3
Just my opinion:
An additional interest rate increase this year is FAR fro... read more
Is Past Prologue?
Rather an interesting comparison here. If it holds for the next few years, hang on to your hat:
https://www.marketwatch.com/story/inflation-is-following-an-eerily-similar-path-as-... read more
Stay With Cus That Don't Offer Much Anymore?
I know this has been asked before, but trying to wonder if I should close out or keep membership at a few CUs that haven't offered anything good for a while -- and probably won't i... read more
Andrews Reneged On Their Offer
I had a 7 year cd with Andrew's and back in April they offered to convert my 7 year cd to a 24 month cd and wave the penalty. I took them up on their offer. At the time the 24 mont... read more
5-Year @ 5.66% Tax-Equivalent Yield
Today the 5-year Treasury Note hit a yield of 4.92% (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treas... ). Depending on yo... read more
International Credit Union Day
Be advised Thursday, October 19th, is International Credit Union Day.
If you are a credit union member be on lookout for special offerings.
If your credit union is nearby to wher... read more
Bofa Creditcards -- 2% EXTRA Rewards Day Thursday, 11/09/23
More cash back. More points. More Miles. One day only.
No enrollment is needed.
Thursday, November 9th, 2023 ET
Please see below for additional details.
https://promotions.bank... read more
Mild Early Withdrawal Penalties
In Ken's Sept 2023 commentary on the FED meeting, he suggests that one tactic for dealing with the uncertainty of the direction of long term rates is to seek CD's with "mild" EWPs,... read more
7 Year No Call Brokered CD 4.85%
Farmers Bank of Appomattox, pays monthly, CUSIP 30916PAB0, FDIC#6813 offered at Vanguard. Also offering same rate for 5 year term.... read more
Psecu New Terms
Received an email with updated terms from psecu recently. I wonder what "in order to minimize account maintenance costs" means? Though I guess it says those who "violate our member... read more
Off Topic: Free COVID-19 Tests
Today (September 25th) is the first day to order four new COVID-19 tests for free in this latest offering by the government. So I figured "why not?". I'm sharing my experience... read more