Savings/investments/bonds Master Thread.

[nucheiner]

So even a bank that's not on this list can be good as long as it's FDIC insured?

One issue to look out for are limitations, aka restrictions, on how you can withdraw funds. Some are very restrictive and have ACH limitaions of 5k monthly etc. Technically you can go to the branch to get your money but most of these have few if any branches.

[Yo ssi]

https://www.dansdeals.com/points-travel/banking/earn-5-15-apy-pacific-western-bank-money-market-account/

FYI, not currently the highest APY. CFG is offering 5.17%. ($1,000 minimum deposit though.)

[HoKo]

Yeah I have been using CFG for a couple months now and haven't had any issues. I've even switched over some of my normal banking to them (i.e. CC Autopays, mortgage, etc.)

[nucheiner]

I understand not wanting the current rate. Just make sure you're not still earning at the higher rate. The only way you want to pull out in 3 months is if they were bought in May or November (year doesn't matter).

When is the best month to pull out bonds purchased in the following months: October 2021, December 2021, April 2022 and October 2022?

I understand that money should be withdrawn in the beginning of the month in which you are withdrawing (as you lose interest for that entire month regardless).

Fastest way to check your purchase month is to search emails for subject line "New Purchase" from email: treasury.direct@fiscal.treasury.gov

[Euclid]

When is the best month to pull out bonds purchased in the following months: October 2021, December 2021, April 2022 and October 2022?

I understand that money should be withdrawn in the beginning of the month in which you are withdrawing (as you lose interest for that entire month regardless).

Fastest way to check your purchase month is to search emails for subject line "New Purchase" from email: treasury.direct@fiscal.treasury.gov

http://eyebonds.info/ibonds/index.html

[Moish613]

http://eyebonds.info/ibonds/index.html

If you are holding the bond for less than 5 years you are always 3 months behind. For example, on July 1st they give you April's interest.

[gozalim]

Yup, eligible for the bonus, but I guess the funds needed to come from outside Fidelity. For DW's account I funded with outside money and got the bonus (despite her being an existing Fidelity customer), I was just lazy to link an outside account and funded from an existing Fidelity cash management account and didn't get that bonus (but still got various other offers, so overall not too bad).


DW:



Mine:

so SUB requires outside money, but the 'savings match' can be from existing Fidelity account?

[ExGingi]

so SUB requires outside money, but the 'savings match' can be from existing Fidelity account?

I honestly don't remember at this point. IINM match wasn't time limited so I might have funded with outside money.

[CountValentine]

26-week T-bill was 5.59% today.
I am now on auto-pilot. I have 26 (one each week) 26-week T-bill's set to AR.

[Yo ssi]

26-week T-bill was 5.59% today.
I am now on auto-pilot. I have 26 (one each week) 26-week T-bill's set to AR.

Nice. Is it better than rolling 4 week?

[CountValentine]

Nice. Is it better than rolling 4 week?

I was doing both and switched everything to 26 weeks.
26 weeks has been consistently higher but not by much. Today was 5.59 for 26 week and 5.50 for 13 week.

[Spoon]

I was doing both and switched everything to 26 weeks.
26 weeks has been consistently higher but not by much. Today was 5.59 for 26 week and 5.50 for 13 week.

I've been rolling 4/8 weeks but rates have come down a bit even with the rate increases

[Yo ssi]

Where is the setting on fidelity to disable autoroll for an existing TBill?

[Realshlomo]

Where is the setting on fidelity to disable autoroll for an existing TBill?

Believe you need to call, or when the order is pending you can cancel and that will stop the auto roll in the future too.

[Yo ssi]

Believe you need to call, or when the order is pending you can cancel and that will stop the auto roll in the future too.

Pain

[Realshlomo]

Pain

Customer Service Chat=less pain?

[CountValentine]

Believe you need to call, or when the order is pending you can cancel and that will stop the auto roll in the future too.

This is correct unless you want to cancel AR for all positions you can do that online by unenrolling.

How do I cancel the Auto Roll feature for a specific position?
You can cancel the Auto Roll feature for a specific position by contacting a Fidelity representative at 800-343-3548.

[CountValentine]

https://finance.icalculator.info/treasury-bills.html

ETA: In Excel I use this formula in cell B
=SUM(100-B4)/(A4*7)*365/B4*100
Cell A input the number of weeks

This is no longer 100% accurate. Close but no cigar. Anyone want to try and figure what is wrong?

[Yo ssi]

This is no longer 100% accurate. Close but no cigar. Anyone want to try and figure what is wrong?

Code: [Select]

=SUM(100-B1)/(A1*7)*365/B1*100
A1 weeks B1 price

[CountValentine]

Code: [Select]

=SUM(100-B1)/(A1*7)*365/B1*100
A1 weeks B1 price

Did it come out correct for you?