Savings/investments/bonds Master Thread.

[ExGingi]

Can they be 'converted'?

I'm not sure what you mean. But you should be able to move funds between accounts, if that's what you're asking.

[nucheiner]

They have many branches.
Where are you seeing 4%?
You can sell t-bills held in a brokerage account any time.

On the URL I posted. Look at the Digital Money Market account.

[CountValentine]

On the URL I posted. Look at the Digital Money Market account.

Can't find it and not showing on the rates page.
https://republicebank.com/about/rates/

ETA: Found a direct link.
https://republicebank.com/personal/digital-money-market-bankrate/

[ExGingi]

Can't find it and not showing on the rates page.
https://republicebank.com/about/rates/

That's weird. I saw it earlier when I clicked on @nucheiner's link. Can't see it now. I wonder if it was taken down or this is a desktop vs mobile issue.

[nucheiner]

That's weird. I saw it earlier when I clicked on @nucheiner's link. Can't see it now. I wonder if it was taken down or this is a desktop vs mobile issue.

Its available here: https://republicebank.com/personal/digital-money-market-bankrate/
I was able to download a rate page during application.

[CountValentine]

Oops, we didn't see this coming.
It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years
https://www.msn.com/en-us/money/realestate/it-pays-to-procrastinate-the-new-6-89-i-bonds-will-beat-the-old-9-62-bonds-in-just-4-years/ar-AA14ESZD?ocid=msedgdhp&pc=U531&cvid=456d514d286247cb9a9c3e73f60788ee

[Shaya E]

Oops, we didn't see this coming.
It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years
https://www.msn.com/en-us/money/realestate/it-pays-to-procrastinate-the-new-6-89-i-bonds-will-beat-the-old-9-62-bonds-in-just-4-years/ar-AA14ESZD?ocid=msedgdhp&pc=U531&cvid=456d514d286247cb9a9c3e73f60788ee

The vast majority of people buying (myself included) were not buying for long term investments. Obviously was going to wait and see and possibly end up at that length of time but I am still happier making more money for a period of less than 4 years.

[CountValentine]

The vast majority of people buying (myself included) were not buying for long term investments. Obviously was going to wait and see and possibly end up at that length of time but I am still happier making more money for a period of less than 4 years.

I agree but no one seen the fixed rate coming.

[Shaya E]

True. Also, it's entirely possible the fixed rate gets raised again within the next $ years and people start calculating this all over. You can never predict the future.

[chevron]

Can't find it and not showing on the rates page.
https://republicebank.com/about/rates/

ETA: Found a direct link.
https://republicebank.com/personal/digital-money-market-bankrate/

I saw the same thing too and was wondering.

Are there any fees associated with this 4%?

Fidelity was lower etc

[chevron]

Let me know if anybody has opened with Republican.

Indeed they are small but advertised as FDIC insured

[nucheiner]

Let me know if anybody has opened with Republican.

Indeed they are small but advertised as FDIC insured

I opened up an account. They will credit you the outgoing wire fee if you are charged one by your original bank. The 3 month T Bills are still lower than this; but with no State tax it may equal out.

[CountValentine]

I opened up an account. They will credit you the outgoing wire fee if you are charged one by your original bank. The 3 month T Bills are still lower than this; but with no State tax it may equal out.

Just bought this week's 3/mo (13 week) t-bill and it was 4.39%

[chevron]

I opened up an account. They will credit you the outgoing wire fee if you are charged one by your original bank. The 3 month T Bills are still lower than this; but with no State tax it may equal out.

Are there any fees to the 4%?

[nucheiner]

Just bought this week's 3/mo (13 week) t-bill and it was 4.39%

If one can purchase I-Bonds, are those a better idea? Tied up min of 12 months and max penalty is 3 months interest (so minimum of 9 months at 6.89%)

[nucheiner]

Are there any fees to the 4%?

Not that I can tell. There are no monthly account fees if you have $2500+. There don't seem to be statement fees.

[CountValentine]

If one can purchase I-Bonds, are those a better idea? Tied up min of 12 months and max penalty is 3 months interest (so minimum of 9 months at 6.89%)

I-bonds have a 10k per person per year max. I would max them out first.

[Shaya E]

If one can purchase I-Bonds, are those a better idea? Tied up min of 12 months and max penalty is 3 months interest (so minimum of 9 months at 6.89%)

I would max those first. But you should know you're only guaranteed the 6.89 for the first 6 months.

[chevron]

Hmph I opened a cit bank account and didn't move $.
I was thinking to move to republic 4% but cit just raised.

Maybe I'll just move to cit. Not keen on opening a million accounts

[nucheiner]

I would max those first. But you should know you're only guaranteed the 6.89 for the first 6 months.

Are there any projections as to when Inflation rate will go down significantly and what are the odds of it going to near zero in the short term (less than 2 years)? Obviously anything can happen.