interest rate

[barnett77859]

does anyone know whats the best rate to expect on cds or or other savings accounts

[Greenheadless]

For pure savings accounts, I am getting 2-3% on my liquidity account.

I don’t know about CD’s.

[M16]

https://www.bankrate.com/landing/cd-rates/?pid=sembpdtbmmcdsphigh&sortprods=&prods=&ttcid=%2Bcd%20%2Bhigh%7Cc%7Ckwd-79783377875213:loc-4126%7Cs%7C65822&utm_cmpid=291389269&utm_adgid=1276533115035775&utm_tgtid=kwd-79783377875213:loc-4126&utm_mt=bb&utm_adid=79783409232464&utm_dvc=c&utm_ntwk=s&utm_locphysid=65822&utm_locintid=&adused=79783409232464&targetid=kwd-79783377875213:loc-4126&loc_physical_ms=65822&network=s&msclkid=65e02df825f21234fb5573d06c425bd6&utm_source=bing&utm_medium=cpc&utm_campaign=p%3AB%7Ca%3ABrDepo%7C%5EG%7C%23D%7Cd%3Acdrates%7Cm%3ABMM%7Cg%3AUSA%7Cad%3AAll%3ESP&utm_term=%2Bcd%20%2Bhigh&utm_content=%2Bcd%20%2Bhigh%7Cp%3AB%7Ca%3ABrDepo%7C%5EG%7C%23D%7Cd%3Acdrates%7Cm%3ABMM%7Cg%3AUSA%7Cad%3AAll%3ESP

[deerwatcher51]

Not much.

[BlackHogDown]

Not a traditional savings acct but the Cash Checking acct at Affiliated Bank is pretty interesting. Just came across it this morning. 4% return with no fees (up to $50k). All that's required is one direct deposit or 12 debit transactions/month. They do also have some savings options to pair with the Cash Checking to gain additional int.

https://www.affiliatedbank.com/personal/accounts/checking/kasasa-cash/

[ramrod]

^ seems all most too good to be true, especially for a checking account.

[BlackHogDown]

^ seems all most too good to be true, especially for a checking account.

My thoughts too but seems legit after reading the fine print. From what I can tell, interest is accrued based off avg during that billing cycle. I wouldn't stand to gain much interest given my spending strategy (use cc for purchases and keep checking balance minimal).

BUT if i deposit my monthly $1000 truck allowance as well as a couple hundred bucks here and there, I can accrue a good bit of cash for my upcoming home purchase at the end of my 13 mo lease i just signed at my apt. All that would be required is enrolling in e-statements, which i do anyway, and make at least 12 debit transactions. That's my thought process at least...

[bbqfan5909]

2% on high yield savings account, give or take.

[offthemap]

BTH Bank has a 2 year fixed rate CD with a 2% yield. It's 1.9% on the 1 year fixed CD. I'm about to put some cash in with them.

[Greenheadless]

BTH Bank has a 2 year fixed rate CD with a 2% yield. It's 1.9% on the 1 year fixed CD. I'm about to put some cash in with them.

American Express Savings has a better rate than that, and you stay liquid. It is variable though. Just an idea.

[bbqfan5909]

Have a Amex high yield, it’s well under 2% currently. 1.75 and 1.69 arp. Don’t forget come tax time, you pay the interest earned.

American Express Savings has a better rate than that, and you stay liquid. It is variable though. Just an idea.

[Greenheadless]

Have a Amex high yield, it’s well under 2% currently. 1.75 and 1.69 arp. Don’t forget come tax time, you pay the interest earned.

Funny, I am literally looking at my statement as we speak and I am over 2%.

Pretty sure you are paying tax on any non-retirement related capital gain, high yield savings or CD.

[Ryanm]

Ally Bank is currently 1.6% on savings. It's online only but easy to transfer money in and out to a traditional bank if needed.

I'll never hold our emergency savings in a traditional bank again unless they decide to actually start paying interest. Would have made thousands in interest had I made the change years earlier.

[bbqfan5909]

Just opened mine, showing 1.7% current rate, it adjusts often.

Yes, you do pay on gains/interest, but choose funds where you can reinvest.

Funny, I am literally looking at my statement as we speak and I am over 2%.

Pretty sure you are paying tax on any non-retirement related capital gain, high yield savings or CD.

[Greenheadless]

Just opened mine, showing 1.7% current rate, it adjusts often.

Yes, you do pay on gains/interest, but choose funds where you can reinvest.

True on the reinvest.

I have not received this month’s statement yet, so maybe I am in for an adjustment. I am still ok with 1.7 as the liquidity is my major concern.