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

Author Topic: Highest interest savings account  (Read 32845 times)

Offline Aerial Dag

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Re: Highest interest savings account
« Reply #60 on: November 06, 2022, 04:48:39 PM »
I haven’t tried it out with the rollover yet but why would you lose interest? You mean betweek the expiration date and the new auction?

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Re: Highest interest savings account
« Reply #61 on: November 06, 2022, 04:58:59 PM »
I haven’t 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

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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

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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

Online 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.
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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 don’t think this helped people who had their money locked up with Beam
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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.

Online 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?

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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

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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.

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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