Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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Bank of America has a tier system depending how much you have in your savings account. Up to 4%. I’m currently getting 3.3% on savings. Plus, on top of that, if you use their Visa card you can get up to 3% cash back on all purchases. They deposit the 3% cash back monthly into your savings account.
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#47
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#48
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I just checked, too, thinking I missed a great deal: Account name, Interest Rate, APY, Minimum Deposit Advantage Savings, Platinum Honors 0.04% 0.04% $100
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-------------------------------------------- Mike Village of Marsh Bend -------------------------------------------- We live in interesting times -------------------------------------------- |
#49
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Treasury I-Bonds are something to look at. Current yield is 9.6%. Check out the pros and cons, but I think you will see it is a really good thing to do for money you don't need right away. |
#50
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I personally limit my exposure, regarding personal information, as much as possible from the public Internet. Huge advances have been made in security of systems, et al. But the truth be known, most companies are way behind in their ability to protect private and corporate data. Many in my family use Internet services with their banks, stocks, and many other things that require you to share your PII (Personal Identifying Information). My attitude is, if I don't need it and it's all about convenience, I'll wait a bit longer before using it.
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#51
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Look up I-bonds from the USTreasury 9.25% on $10,000.00
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#52
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Synchrony CD 2.65% 19 months, NASA FCU CD 2.75% 15 months
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Current 19 month CD is 2.65%. We also have a different account with NASA FCU (don’t have to work for NASA to open account) that is 2.75% for 15 months that we have had for years. Are these rates keeping up with inflation. Nope. But they are for our near term bucket of funds that need to be kept safe and liquid. The days of rewarding savers ended in the early 2000s (although I am happy to say I had 4.5% CDs for a couple of years when trump was president (and inflation was under 2%). It is all about borrowers and propping up the market now. I bonds are great right now, but have an pathetic low ceiling of $10k per person per year. There are strategies to tweak that and buy more but you need to look that up on internet where financial advisors have outlined how to do so specifically and follow instructions to the letter. I frequently check with bauerfinancial.com to verify the rating and financial standing of our banking institutions. Don’t assume that because your bank had a great rating two years ago, that it still does. |
#53
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So, if you maintain a balance of $2,500 in the account, they will pay you one dollar in interest per year. If I were Bank of America, I would be ashamed to even offer an account like that, and call it "Platinum Honors".
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#54
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Discover CD 2% for 12 months
Marcus a little more |
#55
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CAREFUL.....Marcus is and uses hedge funds, and you know how wild they can be.
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#56
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Check Fidelity. Treasury rates usually higher than cd. Ignore the link error message
Fidelity.com is Temporarily Unavailable |
#57
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Well I bit the bullet and bought an I bond on TreasuryDirect. It is a drop in the bucket but thought I might as well go for it.
I wonder how the Fed's action this week will affect T Bill rates?
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#58
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Just received an email from Citi that they raised the rate to 1.4%. Now only losing about 9% to inflation
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#59
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Free investment advice and how the Villages is doing with your monies - follow this link ->
https://district.novusagenda.com/AgendaPublic/CoverSheet.aspx? ItemID=59520&MeetingID=2201 a lot of data to view plus a few trends to think about - If you have questions, I will be attending this 9 AM investment advisory meeting August 2 at the Savannah Center to ask your questions and or you are always welcome to attend in person. |
#60
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Wow, what a big help! So the FED that created 20% inflation will let you protect almost two month's worth of your annual spend rate from inflation if you loan it to them, instead! How generous of them!
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Closed Thread |
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