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« Last edited by yesitsme on January 15, 2023, 09:48:19 AM »

Author Topic: Highest interest savings account  (Read 14148 times)

Offline Aerial Dag

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Re: Highest interest savings account
« Reply #60 on: November 06, 2022, 04:48:39 PM »
I havenít tried it out with the rollover yet but why would you lose interest? You mean betweek the expiration date and the new auction?

Offline CountValentine

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Re: Highest interest savings account
« Reply #61 on: November 06, 2022, 04:58:59 PM »
I havenít tried it out with the rollover yet but why would you lose interest? You mean betweek the expiration date and the new auction?
Yes.
Only on DDF does 24/6 mean 24/5/half/half

Offline Aerial Dag

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Re: Highest interest savings account
« Reply #62 on: November 06, 2022, 06:00:34 PM »
Honestly I think calling Schwab or fidelity would be your best bet to get a straight answer.

Offline Aerial Dag

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Re: Highest interest savings account
« Reply #63 on: November 07, 2022, 11:13:31 AM »
It seems with Schwab you will lose a week of interest. With Fidelity and Treasury Direct you do not lose any days of interest. Maybe someone here can tell us this is true.
https://www.bogleheads.org/forum/viewtopic.php?t=387959
Guess it's time to use Fidelity instead of Schwab. Annoying. Thanks for posting

Offline CountValentine

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Re: Highest interest savings account
« Reply #64 on: November 07, 2022, 11:26:40 AM »
Guess it's time to use Fidelity instead of Schwab. Annoying. Thanks for posting
I have both and was using Schwab. Switched to Fidelity. Bought 13 and 26 week this morning.
Only on DDF does 24/6 mean 24/5/half/half

Offline CountValentine

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Re: Highest interest savings account
« Reply #65 on: November 07, 2022, 12:21:51 PM »
Latest auctions.
4 week - 3.68
8 weeks - 3.95
13 weeks - 4.17
17 weeks - 4.40
Today
13 week - 4.22
26 week - 4.66
Only on DDF does 24/6 mean 24/5/half/half

Offline momo

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Re: Highest interest savings account
« Reply #66 on: November 07, 2022, 01:33:23 PM »
Can anyone direct me to a a step by step, on how to purchase treasuries?

Offline Aerial Dag

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Re: Highest interest savings account
« Reply #67 on: November 07, 2022, 01:35:03 PM »
Can anyone direct me to a a step by step, on how to purchase treasuries?
See here for instructions for different brokerages:
https://thefinancebuff.com/treasury-bills-cd-money-market.html

Offline momo

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Re: Highest interest savings account
« Reply #68 on: November 07, 2022, 01:39:27 PM »
Thanks.

Offline B.D.Da'ehu

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Re: Highest interest savings account
« Reply #69 on: November 08, 2022, 05:08:22 PM »
Popular Direct raised the APY to 2.5% on Oct 24 and I just got an email that it's up to 3.25% effective Nov 8

Offline sillypainter

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Re: Highest interest savings account
« Reply #70 on: December 18, 2022, 03:10:55 PM »
Robinhood Gold now offers 3.75% interest in your uninvested cash without locking in your money.

Beats any CD or any high yielding savings account.

And now 4%!

Offline B.D.Da'ehu

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Re: Highest interest savings account
« Reply #71 on: December 18, 2022, 05:04:18 PM »
Popular Direct raised the APY to 2.5% on Oct 24 and I just got an email that it's up to 3.25% effective Nov 8
Up to 3.56% effective Dec 5

Offline AsherO

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Re: Highest interest savings account
« Reply #72 on: December 18, 2022, 07:29:02 PM »
And it's not a real bank.

+1

After what happened to FTX, and horror stories of customers not being able to access funds from PayPal, Chime, Beam, and others, the risks outweigh the benefits by far.

Offline AsherO

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Re: Highest interest savings account
« Reply #73 on: December 18, 2022, 07:31:02 PM »
True. But it is FDIC insured (supposedly).
-1 You are assigned to one of their banks with FDIC insurance.

I donít think this helped people who had their money locked up with Beam

Offline sillypainter

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Re: Highest interest savings account
« Reply #74 on: December 18, 2022, 10:48:50 PM »
Robinhood is no sandbox.

https://robinhood.com/us/en/support/articles/gold-overview/

Even FTX US was good. It was his overseas operation that failed

Offline chulent613

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Re: Highest interest savings account
« Reply #75 on: December 18, 2022, 10:57:48 PM »
Sofi gives 3.5% if you have direct deposit.

Offline flyingace

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Re: Highest interest savings account
« Reply #76 on: December 19, 2022, 02:32:33 PM »
Can anyone please help me learn how to purchase short term treasuries within an IRA account?

Offline CountValentine

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Re: Highest interest savings account
« Reply #77 on: December 19, 2022, 02:36:00 PM »
Can anyone please help me learn how to purchase short term treasuries within an IRA account?
Where is your IRA being held?

Short term t-bills today:
13 week - 4.39%
26 week - 4.72%
Only on DDF does 24/6 mean 24/5/half/half

Offline flyingace

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Re: Highest interest savings account
« Reply #78 on: December 19, 2022, 03:25:15 PM »
Where is your IRA being held?

Short term t-bills today:
13 week - 4.39%
26 week - 4.72%

JP Morgan. Most of it is in an Index fund.

Offline CountValentine

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Re: Highest interest savings account
« Reply #79 on: December 19, 2022, 03:40:11 PM »
JP Morgan. Most of it is in an Index fund.
If it was Schwab or Fidelity (I have both) I could give you step by step instructions. I found this post and it says you have to call Chase. I would call them anyway and they should be able to walk you through it.
https://www.bogleheads.org/forum/viewtopic.php?t=382583
Only on DDF does 24/6 mean 24/5/half/half