Miscellaneous
Latest Discussions
Webull Cash Management Now Paying 5% on up to $100k balance
Webull now paying 5% on the uninterested cash on accounts with balances under $100,000
The cash management interest is accrued daily and is paid to your brokerage account au... read more
Ally Paper Statements (Still) Available No Charge!
Pleased that today's e-mail from ALLY continues to offer
paper statements (I like to scribble on them) no-charge!... read more
Bank 5 Connect Dope Slap
When Ken posted the deal last summer, I opened one of the Bank 5 connect two year add-on CDs. Ken wrote:
"As stated in the Fee Schedule the Early Withdrawal Penalty reads as follo... read more
US National Debt Spiked By $851 Billion In One Month, To $32.3 Trillion. Flood Of New Debt Coming In Q3 To Refill The TGA, Pay For Raging Deficits
A good summary of what to expect relating to investment in Treasuries as an alternative to banking system deposits.
https://wolfstreet.com/2023/07/02/us-national-debt-spiked-by-85... read more
Calendar Wrinkle Results In Later June Jobs Report Release
The month of June ended on a Friday. Thus we will not have the jobs report data for June until the morning of Friday July 7th.
This information, together with CPI and PPI and othe... read more
The Presidential Inflation Rate . . . Biden Vs. The Field
Trump, Obama, Bush (43), and Clinton all did reasonably well. Biden: not so much.
Data Source: BLS (Bureau of Labor Statistics)
From Roll Call:
https://rollcall.com/2023/03/15/i... read more
Federal Funds Rate 101, From Marcus Goldman.
Too basic for most DA-ers, but nice overview (pass it to a friend).
https://www.marcus.com/us/en/resources/saving/federal-funds-rate?&cid=hags... read more
Marcus Wire Transfer Request Turned Down
I requested a wire transfer to move funds out of my Marcus account but the request got declined yesterday. The money had been in the Marcus account for only last 10 days - I'd pull... read more
How To Buy Cds In A Fidelity Or Vanguard Brokerage Account (Harry Sit)
https://thefinancebuff.com/buy-cd-fidelity-vanguard-brokerage.html... read more
Schwab Matches Invest Bonuses
They will match any other invest bonus out there if you're planning on transferring out. I remember hearing that Fidelity does the same.... read more
TIAA Bank = Everbank
TIAA announced its plan to sell TIAA Bank to private investors. After the sale is completed, TIAA Bank will become EverBank.
For those who have negative issues with TIAA and decid... read more
Vanguard Starting Bank
I remember talk of this years ago. Now Vanguard is starting a bank pilot.
This was the email.
Good news! Now you can get 4.50%* APY on your cash.
We're inviting you to consider en... read more
Cloudbank By Raisin
Pop up showing 5.11 percent on savings account
https://www.raisin.com/en-us/banks/cloudbank-24-7/high-yield-savings-account?utm_medium=paid_social&utm_source=facebook&utm_campaign... read more
CD NCUA INSURANCE.
I have a CD at a credit union with my 2 grown children in and near their 60's as beneficiaries. I know my CD would be insured to $500,000. One of my children who is my beneficiary ... read more
I Posted Wrong Information And Can't Remember What Posting It Was On.
I think I may have posted that the 5 beneficiaries is the rule now but it will start on April 1 2024.
Deposit insurance on accounts can only have 5 beneficiaries and this will It ... read more
Mute Button Option?
We have often noticed on the DA blog that the response to outspoken contributors can vary greatly. A particular contributor--especially those with strong right or left views--may o... read more
Interesting Overview Of Banking Industry, Expectation Of Consolidation To Fewer Banks
I was just reading an enlightening analysis by William C. Nygren of Oakmark Funds about the banking industry adn how it has been and continue to be and will be consolidating into f... read more
It Appears That You Can Falsely Claim FDIC Insurance Without Repercusions
https://www.fdic.gov/news/press-releases/2023/pr23049.html
a cease and desist notice is a slap on the wrist.... read more
Have You Looked At The 1St Quarter Health Ratings?
Even if the institution gets an A or A+, click on it and read down
to the comparisons of the loan loss allowances and
the unbacked nonCurrent loans compared to the previous filing... read more
Savings Bond Fraud Issues Causing Issues For Legitimate Savers
https://www.msn.com/en-us/money/markets/fake-savings-bond-scheme-leads-to-50m-in-losses-and-issues-for-legitimate-savers/ar-AA1cJL3m?ocid=msedgntp&cvid=9bc0810fb0db4438947c0173c877... read more