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Joined: Feb 14, 2011Comments: 183
Forum Threads: 30Forum Posts: 226
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Recent Community Posts

A Rising Rate Lifts All Rates - Or Does It?
Updated: 20 hours ago by Bozo  |  2 comments  |  Financial News

From CUInsight We've all heard the phrase "A rising tide lifts all boats". However, when the Federal Reserve increases short-term interest rates, does it read more

Here's How To Calculate Your Required Minimum Distribution From A Traditional IRA Or 401(K)
Updated: 21 hours ago by Bozo  |  4 comments  |  Financial News

It's a familiar calculation for some DA readers, may be new but important info for others.  .    Failure to correctly calculate and read more

Rejected By Some (Not All CU's. How Do I Straighten It Out?
Updated: Oct 16, 2016 by John Sears  |  3 comments  |  Ask The Community

I saw the report from a local CU, it showed too many times applying.  I lost the statement where I could've started to straighten out.  My read more

Is Penfed Going Too Far In Their Advertising?
Updated: Oct 15, 2016 by Bozo  |  1 comment  |  Miscellaneous

Just saw PenFed’s TV commercial while watching business news this morning. Their tagline in the ad was “great rates for everyone.” At the end of the read more

Wells Fargo CEO Retires Under Fire
Updated: Oct 14, 2016 by Bozo  |  3 comments  |  Financial News

John Stumpf, the embattled CEO of Wells Fargo (WFC), retired from the company effective Wednesday. Stumpf's move comes just weeks after he was grilled by read more

How Suze Orman SCAMMED The World [2016]
Updated: Oct 14, 2016 by Bozo  |  3 comments  |  Miscellaneous

YouTube video exposé on "financial actress" Suze Orman's fee-laden "Approved" debit card fraud : How Suze Orman SCAMMED the World (2016) - YouTube 

Wells Fargo Skit From Saturday Night Live
Updated: Oct 12, 2016 by lou  |  2 comments  |  Financial News

Townspeople (Kyle Mooney, Bobby Moynihan, Aidy Bryant, Pete Davidson, Kenan Thompson, Sasheer Zamata, Kate McKinnon, Melissa Villaseñor) await the arrival read more

Wells Fargo Managers Pushed Overdraft Services
Updated: Oct 11, 2016 by Bozo  |  1 comment  |  Financial News

Wells Fargo & Co. managers pushed bankers to sign up customers for potentially costly overdraft protection that they didn't always need or realize read more

There's Plenty Of Risk But Little Reward In Saving
Updated: Oct 10, 2016 by Bozo  |  7 comments  |  Financial News

As if saving money weren't difficult enough, it's now looking hazardous to boot. Reports from the Investment Company Institute show that we are selling read more

The Best Argument Ever Made For Laddered CDs In Retirement
Updated: Oct 10, 2016 by Bozo  |  6 comments  |  Miscellaneous

Dr. William Bernstein is noted in some circles as a "contrarian". His principle: "once you have won the game, why keep playing?" is derided by some who read more

Low Rates Are Here To Stay
Updated: Oct 10, 2016 by Bozo  |  5 comments  |  Financial News

Let's hope not.

Model CD Ladders: Fidelity's New Feature For Brokered CD Investors
Updated: Oct 8, 2016 by Bozo  |  5 comments  |  Financial News

Fidelity just issued this press release introducing its new Model CD Ladders: To help investors make the most of their hard-earned money, Fidelity read more

Trump Discusses The Plight Of Savers And Low Interest Rates
Updated: Oct 8, 2016 by Bozo  |  47 comments  |  Financial News

Trump in an interview on CNBC says the low interest rates for savers and seniors is nothing less than discrimination. He said that for people who did read more

Ken Tumin's Comments On Wells Fargo Quoted By The AP
Posted: Oct 6, 2016 by Bozo  |  0 comments  |  Miscellaneous

I noted this over in the blog in the recent thread on Wells, but for those who might have missed: http://www.atlanticbb.net/news/re...argo_her.. Skip to read more

Firstmark Credit Union Closed My Jumbo CD 5 Months Before Maturity And Sent The Money To "Unclaimed Property"!
Updated: Oct 5, 2016 by Azul  |  11 comments  |  Ask The Community

Has this ever occurred to anyone? I am beyond shocked! In October 2011, I opened a jumbo CD with Firstmark Credit Union after reading a blog entry about read more

Why Insurers And Banks Want To Know Your Job Title
Updated: Oct 4, 2016 by Bozo  |  3 comments  |  Financial News

Your job pays the bills - but your job title might make some of those bills bigger. Lenders and car insurers look at customers' occupations when setting read more

Why Do CDS Sometimes Have Less APY Than Savings Accounts?
Updated: Oct 4, 2016 by charged  |  2 comments  |  Ask The Community

Ally Bank: 1% savings interest 3 month cd: 0.3% 6 month: 0.6% American Express Online Bank:  Savings: 0.9% interest 6 month cd 0.4% 9 month: read more

Penfed Ups Short-Term CD Rates - Long-Term CDs Remain Disappointing
Updated: Oct 4, 2016 by Bozo  |  4 comments  |  Bank Deals

The good news is that PenFed increased its CD rates at the start of October. The bad news is that their long-term CD rates remain very uncompetitive. read more

Income & Employment Info Necessary For Opening Cking Account.
Updated: Oct 3, 2016 by Shorebreak  |  6 comments  |  Ask The Community

I went to a credit union, to open a new checking account, due to the fees being charged by my current bank. The credit union wanted my income and read more

Hillary Clinton Defends Fed's Dual Mandate
Updated: Oct 3, 2016 by Bozo  |  4 comments  |  Financial News

Hillary would expect all her nominees to the Federal Reserve to defend the so-called dual mandate, linking interest rates to the unemployment rate. She read more

$250K NCUA Insurance Per Customer Facing Credit Union?
Updated: Oct 2, 2016 by lou  |  3 comments  |  Ask The Community

Hi, I noticed that a lot of credit unions use the same credit union in the back end to store their money, do transactions, etc. Like for example Catalyst read more

Wells Fargo Troubles Mount With Penalty For Soldiers' Car Loans
Updated: Oct 2, 2016 by Bozo  |  2 comments  |  Financial News

Wells Fargo & Co., reeling from weeks of pummeling over fraudulent customer accounts, is now facing a Justice Department sanction over improperly read more

Trump Accuses Yellen, Fed Of Politicizing Interest Rates
Updated: Oct 2, 2016 by lou  |  9 comments  |  Financial News

During the debate last night Trump accused Yellen of not raising interest rates for political reasons. This is the second time he claimed the Fed is read more

Waiting Until 70 For SS
Updated: Aug 26, 2016 by Bozo  |  9 comments  |  Miscellaneous

I have read several articles lately about those who have waited to collect SS until 70. If they are not working they have to sign up for Medicare. read more

Money Matters: New Rules Affect IRA Rollovers
Updated: Aug 7, 2016 by Bozo  |  1 comment  |  Financial News

Thanks to Ken's blog his readers know this law that is nearly 2 years old.   I manage my own money and keep a traditional IRA, a SEP IRA and a read more

Andrews FCU 7-Year IRA CD At 3% No Longer Available?
Updated: Aug 2, 2016 by Bozo  |  4 comments  |  Miscellaneous

I went to their website this morning, August 1, and could no longer find the 7-year 3% IRA CD listed.  Has it been pulled?

Patelco IRA CD Info For Those 59 1/2+
Posted: Aug 1, 2016 by Bozo  |  0 comments  |  Miscellaneous

For those over 59 1/2 (or close thereto), you can add one additional financial institution which offers no EWP on IRA CDs for withdrawals for folks over read more

Is 3% The New 4% Spend Down Rate?
Updated: Jul 12, 2016 by Ally6770  |  3 comments  |  Financial News

In monetary terms, Blanchett said for a 50-50 portfolio, that means what was once a 93% success rate of not outliving your money is now only a 56% success read more

Is There A Section On Depositaccounts.Com For "Senior" Savings Rates?
Updated: Jul 11, 2016 by Bozo  |  7 comments  |  Ask The Community

Some banks offer interest premiums for the 50+ (or older) crowd. Is there a place on this web site where those rates are posted? I don't think there is, read more

Weird Recent Experience With USAA Bank
Updated: Jul 7, 2016 by Bozo  |  7 comments  |  Miscellaneous

I am the successor trustee of a trust which owns a seven-year CD at USAA Bank opened in the summer of 2010, currently yielding 3.8%. My accountant read more