Savings/investments/bonds Master Thread.

[Yo ssi]

Seems like 17 week is higher but not 100% sure how to calculate the compound interest part.

It's so difficult to pause an auto roll

[ExGingi]

Seems like 17 week is higher but not 100% sure how to calculate the compound interest part.

It's so difficult to pause an auto roll

If you look at treasurydirect website for auction results they give you the investment rate which is the equivalent compound rate.

With Fidelity, apparently canceling the auto-roll NOTIFICATIONS for an account cancels the auto-roll for that account.

[CountValentine]

With Fidelity, apparently canceling the auto-roll NOTIFICATIONS for an account cancels the auto-roll for that account.

You can chat or call to cancel the auto roll on one security.
Schwab you can do it online.

[ExGingi]

You can chat or call to cancel the auto roll on one security.
Schwab you can do it online.

IME Schwab phone agents are superior to Fidelity. Also hold times seem shorter with Schwab.

[Yo ssi]

IME Schwab phone agents are superior to Fidelity. Also hold times seem shorter with Schwab.

Not worth it if this is true

Turns out Schwabs t bill auto roll waits for the next auction - money can sit a week in their no interest account before the new T bill gets purchased vs. fidelity gets in to the current auction- and any extra money remains in an interest bearing account. Anyone buy with auto roll on Treasury Direct? Apparently, I read the auto roll works like Fidelity - just what happens with the remaining money not needed for the repurchase of the t bill? Goes to your bank? somewhere at TD?

[CountValentine]

Not worth it if this is true

It is true but you can get around that.
You need to add the margin option to your account.

[Yo ssi]

It is true but you can get around that.
You need to add the margin option to your account.

Please explain?

[CountValentine]

Please explain?

You have margin option added to your account. Simple to do.
We will use this week's 26-week bill as an example for 1k.
If you had 26-week bill maturing this week with Fidelity and AR on you do nothing.
With Schwab you turn off AR on the bill maturing this week.
You buy the 26-week bill today on margin. Its settlement date (money due) is Thursday.
The 26-week bill you turn AR off on also matures on Thursday.
The money for the purchase today (due Thursday) will come from the bill maturing on Thursday.
Works the same as AR but more work.
I am terrible at explaining so ask away for the parts that are not clear.
 

[Yo ssi]

Thank you. Not going to bother you for the details if it requires constant upkeep is not worthwhile for me.

[CountValentine]

Thank you. Not going to bother you for the details if it requires constant upkeep is not worthwhile for me.

My son has Schwab and does this. You mess up and you end up paying interest.

[aygart]

https://www.investopedia.com/have-i-bonds-from-last-year-dec-2-could-be-your-sweet-spot-for-cashing-out-8407461

[Mareh Makom]

Whats a good option to keep some money in for the next one or 2 years? Till now I had the 9% i bonds which i think im gonna liquidate January time

[Mareh Makom]

Ya, looking for low/no risk. Where can i look for info on how to buy those treasury things you mentioned?

[Spoon]

Ya, looking for low/no risk. Where can i look for info on how to buy those treasury things you mentioned?

Look upthread on detailed instructions on buying t bills. Currently around 5.4% though it looks like rate cuts may be on the horizon

[Yo ssi]

Look upthread on detailed instructions on buying t bills. Currently around 5.4% though it looks like rate cuts may be on the horizon

I think it's already going down. My Marcus account is giving me 5.5 though

[Spoon]

I think it's already going down. My Marcus account is giving me 5.5 though

T bills prob still better after tax savings.

[Yo ssi]

T bills prob still better after tax savings.

Depends what length I believe

[Mareh Makom]

Look upthread on detailed instructions on buying t bills. Currently around 5.4% though it looks like rate cuts may be on the horizon

Why would this be a better option than A 12 month CD at 5.25% (currently available at Capital one bank) because for the obvious extra .15%, the rate would be fixed for the CD

[shmooz]

Sallie Mae bank has 5.5% cd for 12 or 15 months, for those not wanting a CU, and thinking rates will be cut, this sounds good.

Eta: rate went down a little since yesterday, this rate not available anymore

[yungermanchik]

NYCB has the same rate with 7 and 15 month options.