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Savings Rates
Finally....., Us "poor" people are finally getting a brake on our savings rates.
What's your gut feeling on On-Line savings accounts? Rates very tempting. Cheers TV People! |
Inflation rates are increasing much faster than interest rates, not sure there is any comfort in that situation.
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What are the rates these days? Last time I looked they were .2%
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The Vanguard Money Market Fund is paying 1.5 percent, and the Vanguard Short Term Bond Index Fund is paying 3.33 percent. I think a combination of those two funds will outperform most online savings rates, even though you have a little risk with the bond fund.
It looks like the highest online savings rate is about 1.75 percent. I will stay with mutual funds for the cash portion of my portfolio. |
3 month Treasury 2.5%. Better than cd
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I hear all this about savings being good or bad. I am not smart when it comes to investing, but "savings" accounts have always seems to be so low as to not be worth while to me. Mutual funds or other liquidish places always seem to pay more.
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Those rates on checking accounts are a joke.
Why waste the time/effort with $5,000 - $8,000 in a checking account and get 6 - 7cents a month. |
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The highest online savings rate listed at bankrate.com is 1.75 percent at Citizens Access Savings Account. Note that it is "Citizens" not the "Citizens First" in The Villages. |
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What's left? |
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I should of stated "taxes + low fees" that needs to be paid. |
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