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What I have been doing is buying 1 month CD's. They are at great rates now and don't have the long time commitments other CDs have(you can get them via a broker
by subsubzero 4y ago
What I have been doing is buying 1 month CD's. They are at great rates now and don't have the long time commitments other CDs have(you can get them via a brokerage like Morgan Stanley or Schwab). I have been seeing rates of 4.2-4.3%, the rest of my money is in high interest savings which is yielding in the high 3's. I think we will see a sharp correction and have alot of money on the sidelines once things start to fall apart.
- slaw 4y agoThere are better high yield savings, Lending Club 4%,UFB Direct 4.21%, Primis Bank 5.03%.
- _huayra_ 4y agoWealthfront cash has a 4% checking+savings account (the distinction is no longer necessary, as iirc the monthly withdrawal limit has been done away with a few years ago). Have you tried Primus? A bank offering a better percentage than RRP seems a bit sketchy and temporary, but maybe I'm missing something.
- slaw 4y agoI didn't try Primus, only the other two.
- quickthrowman 4y agoWealthfront is paying 4.05%, and if you can convince someone to open an account and use your referral, you get an extra 50 bps for 3 months, up to 4 times, for 12 months of 0.50% bonus. You could get 4.55% for up to 12 months with 100% liquidity, much better than a CD.
- sdn90 4y agoYou can get 1 month Treasury Bills for 4.55% at the moment which are state/local tax exempt and you can sell at any time.