Miscellaneous
Latest Discussions
Latest Brokered Cds Update - Week Of March 20Th, 2023
Bank of Hope, CA - 5.5% Non-Callable - Maturity 7/1/2024. At Schwab 03/22/2023 as of 5:50PM EST. CUSIP 062683HK6... read more
Powell Casts Doubt On Further Rate Increases
Powell did 25 today. But:
He took further rate increase signals from the last FOMC meeting (end of January beginning of February) off the table. Powell is now saying:
He bel... read more
Big Banks Brokered CD Rates Lower
On TD Ameritrade, Big banks lower their rates. Synchrony 1 year 5.10%, 2 year 5.05%, 3 year 5.00%, 4 year 4.90%, 5 year 4.80%. Settlement dates 3/29.
Goldman Sachs 1 year 5.00%. Se... read more
CME Fedwatch Tool - A Supplement To Ken's Superb Weekly Summary.
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html... read more
5 Year CD At Navy Federal With 18 Months To Go. Hold 'Em Or Fold 'Em?
Asking this on behalf of my neighbor who is retired and lives off government pension, social security and interest from CDs.
He has four (4) CD's at Navy Federal CU. All were purc... read more
Capital One Fall22 Bonus Paid
$1000 bonus for 360 savings just posted. Four days after 90 day requirement was met.... read more
Examples Of New Deposit Rules To Start On April 1, 2024
Copy & paste and put this in your browser.
https://www.fdic.gov/resources/deposit-insurance/banker-webinar/documents/fdic-new-trust-account-rule-seminar-banker-slides-2022.pdf... read more
Schwab Rating On This Site.
Did anyone click on the B+ health rating on Schwab? Look at capitalization. I have never seen that grade on this site in the past that I can remember.... read more
Insurance With Money In Credit Unions.
I spoke to the NCUA today and once you put a beneficiary on your account it makes it a Totten Trust.
So one beneficiary and the account has $250,000 insurance and 2 the insurance ... read more
Treasury / CD Rate Arbitrage Opportunity
Until the last two weeks most of us recognized that the U.S. treasury market was generally the better place to store funds, especially on a term basis, vs. the banks which were dra... read more
Ally Online Unavailable Sat 3-18-23, 2am-6am.
Message on Ally Website:
"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’... read more
Primis Bank - Letter From CEO On Deposits & Balance Sheet
Good morning! I’d like to provide you with some timely information about Primis Bank and the safety of your deposits. The events within the financial industry that we all witnessed... read more
Guaranteed For 10 Months 3.5% in Savings. Not Near The Highest But
available whenever you need it. New money, no limit on withdrawals.
Adviacu.org. Available for lower Michigan counties, certain Illinois and Wisconsin counties. $5 to join. Pays f... read more
Etrade- Morgan Stanley Banks Brokered CD
Morgan Stanley Private Bank and Morgan Stanley Bank NA 60 month CD 4.8%... read more
Keesler's Kasasa Checking RCA
I got a snail mail letter because I used to use their RCA
Apparently, a lack of activity will now cause it to convert to some regular checking where monthly fees apply
I almost d... read more
Vanguard Announcement re Silicon Valley Bank And Signature Bank Brokered Cds
This message appeared on Vanguard's CD and bond trading platform.
"ALERT: If you own a Silicon Valley Bank or Signature Bank brokered Certificate of Deposit (CD), the FDIC insuran... read more
FDIC Insurance: Don’T Waste This Valuable Insurance
As an individual, there is no reason to exceed the FDIC insurance limits.. FDIC insurance provides great peace of mind. Don’t waste it.
https://www.mymoneyblog.com/fdic-insurance... read more
Implications Of SVB / Signature Bank Failures
Expect to see some good brokered CD deals this week as banks look to boost their liquidity position. I'm already seeing the following at Fidelity (non-callable)
3 months 5.00%
6 m... read more
Joint Statement By Treasury, Federal Reserve, And FDIC
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm... read more
Seattle Bank - Carefully Review What You Sign
I am trying to open a trust cd at Seattle Bank. They give you lots of paperwork for each and every cd separately. I want my cd to be in the name of my trust. I already have one CD ... read more