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NFT: NFT- financial experts-bank products for better interest?

NJBlueTuna : 2/23/2020 9:56 am
I have a significant savings account at a national retail bank. The “high” interest I was getting last summer was 1.75% and now it’s down to 1%. I have equity and retirement accounts. This is something I want to keep fairly liquid and risk free at a bank. Mtg with their investment professional next week. What should I be looking at towards getting near 2-3%. CDs?
Money markets aren't liquid enough?  
KerrysFlask : 2/23/2020 10:04 am : link
.
I use Ally  
VTChuck : 2/23/2020 10:13 am : link
Presently 1.70 savings.

12 month CD 2.00. No penalty CD 1.85-1.95 depending on amount.

Worth checking out.
RE: I use Ally  
M.S. : 2/23/2020 10:49 am : link
In comment 14816639 VTChuck said:
Quote:
Presently 1.70 savings.

12 month CD 2.00. No penalty CD 1.85-1.95 depending on amount.

Worth checking out.

Quick question: When you move your money out of Ally, are there any service charges?
I  
thomasa510 : 2/23/2020 11:42 am : link
I recently set up an account with Marcus by Goldman Sachs. 1.7% and pretty seamless to set up. No fees or minimums. No issues but not debit card or bank access
In 2019 got a went with capital 1 online  
Payasdaddy : 2/23/2020 11:54 am : link
Deposited 25k. Rate was probably mid 2’s then. Probably around what your getting now. They gave me $500 bonus for keeping it deposited 3 months
Bank of the west ( in Bay Area) just sent me a similar thing. 600 if I keep 25k in for 3 months
I would look for those type of deals if u don’t mind putting a little legwork in
RE: RE: I use Ally  
DC Gmen Fan : 2/23/2020 12:15 pm : link
In comment 14816667 M.S. said:
Quote:
In comment 14816639 VTChuck said:


Quote:


Presently 1.70 savings.

12 month CD 2.00. No penalty CD 1.85-1.95 depending on amount.

Worth checking out.


Quick question: When you move your money out of Ally, are there any service charges?


Maybe after the 6th but otherwise no
Guy at work  
Mark from Jersey : 2/23/2020 12:17 pm : link
rotates cash in ST CDs at Marcus (Goldman Sachs Company).

My local Credit Union (not as hard as you think to join) has competitive ST CD rates as well.
Marcus.com - ( New Window )
Capirol One is offering 5x the national avg  
superspynyg : 2/23/2020 1:21 pm : link
What ever that is.
RE: RE: I use Ally  
VTChuck : 2/23/2020 1:30 pm : link
In comment 14816667 M.S. said:
Quote:


Quick question: When you move your money out of Ally, are there any service charges?


6 transfers per statement cycle are free. $10 each after that
RE: RE: RE: I use Ally  
VTChuck : 2/23/2020 1:32 pm : link
In comment 14816764 VTChuck said:
Quote:
In comment 14816667 M.S. said:


Quote:




Quick question: When you move your money out of Ally, are there any service charges?



6 transfers per statement cycle are free. $10 each after that


No limit on deposits. Sorry if that wasn't clear
Here is a good strategy  
give66 : 2/23/2020 4:21 pm : link
Find the highest rate on a five year CD, doesn't matter what bank.
Make sure the early withdrawal penalty is 180 days or less.
You will usually get an extra 1-1.5% interest per year on the 5 year or longer dated cd's.
As long as you have the money in the cd for at least a year you will come out ahead even if an emergency comes up and you get hit with the interest penalty.
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