Miscellaneous
Latest Discussions
NCUA Publication: Your Insured Funds
I believe the National Credit Union Administration publication "Your Insured Funds" is the best non-legal, non-technical guide to NCUA deposit insurance. I will provide a link at t... read more
Level Bank A Fin-Tech Offering Hybrid Checking/Savings Account With 2.10% APY No Activites Required & 1% Debit Cashback With DD
Not to be confused with Level One Bank.
https://levelbank.com/
https://levelbank.com/faq
checking/savings does not require any additional activities to earn stated APY
1% Cashba... read more
Answering Your Calls From Personal Home
If any one that’s a current cit customer be aware that there having there customer service reps answer your calls from home . What that means they have the same access they would h... read more
Tortoise Or Hare?
In a decidedly unfunny day, herewith a bit of humor.
I suspect many of us here at DA (given our obsession with CD ladders) might be considered investing tortoises. Those who inves... read more
General Warning About Money Market Funds (Non-Bank)
Think that brokerage money market fund is golden?
At the risk of sounding alarmist, might I remind everyone of the risks inherent in presumed risk free investments. Money market f... read more
Why The Fed Rate Cut Will Inflate The Stock Bubble – And Cause It To Pop
Good and interesting point in this article, noting that a Fed rate cut cannot improve the economy when the problem is a disease.
A Fed rate cut is not going to do anything to eli... read more
Weiss Research Downgrades GTE
It is noteworthy that while Ken has maintained GTE Financial's safety rating at "B+", Weiss Research has just downgraded that same financial institution to a rating of "C".... read more
PSA: Changes To FDIC Insurance Coverage Rules Involving Beneficiaries
Today I received a communication from Ally bank detailing upcoming changes relating to FDIC requirements requiring banks to 'uniquely identify' beneficiaries on accounts to expedit... read more
ACH Limits
I would be interested in hearing a conversation on this topic. With interest rates going down I am finding it difficult making external transfers even though I have set them up for... read more
2019 Int 1099 To Be Reissued
Dear Member,
We have discovered an error while processing our 1099-INT forms for 2019. We have corrected the calculations and will be issuing new 1099-INT forms that will include t... read more
Beware Of A New Fake Bank Website
A reader emailed me about CD offers that are being promoted on a new website. The website was promoting CDs that included a 15-month CD with a 3.30% APY and a 9-month No-Penalty CD... read more
Nasa FCU Systems Error Has Improperly Charged A Fee To Checking Accounts
Today I discovered that Nasa FCU charged an improper monthly fee to my checking account yesterday, Jan. 31. In calling in, CSR explained a systems error had done that to many accou... read more
It's Leap Year
Well, friends and neighbors, it's a leap year this year. You might notice a bit shorter interest credit on your CDs in January, as your financial institution may calculate daily in... read more
Ft. Knox FCU Has Changed Its Name To Abound CU
As of today, Ft. Knox Federal Credit Union has changed its name to Abound Credit Union.
https://www.fortknoxfcu.org/brand-video.html
So, if you wanted to stay away from Ft. Knox... read more
Navigation
I can't toggle between CD terms anymore.... read more
Keesler CD Rates Discussion And Mint Log In Issues
When I bought my first or maybe first two Keesler Step up CDs the quoted rate was 3.21%. Now they say 3.20% for new CDs. I am not going to argue about such small amounts on a top r... read more
Mountain America CU
Logging on today I found my Saving to Cd transfer history missing.
CSR said Site update may be cause.
I had other problem unrelated to this but ...worth a check for your accounts??... read more
Bank Notary Services - - BEST Not To Use Bank Of America
I think we all know that most all banks will no longer provide Notary Services for WILLS.
I have found that Bank of America is increasingly narrowing what they will (or more impor... read more
Investment Advisors
I do all of my own investing, and much of it is in fixed income. I love the resources within this site.
At some point, I will need to look for an investment advisor. Most of those... read more
Time To Re-Balance?
With the New Year, and the major run-up in equities last year, it may be time for folks with "balanced" portfolios (i.e., stocks and fixed-income) to re-visit their asset allocatio... read more