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You can find similar rates from some other banks today. It is not so hard to do when 1mo treasury bills are yielding 4.80 and 3m over 5.0%
by beezle 4y ago
You can find similar rates from some other banks today. It is not so hard to do when 1mo treasury bills are yielding 4.80 and 3m over 5.0%
- medvezhenok 4y agoIt's about 1% higher than most solid/large high-yield online banks right now (Capital One 360 at 3.4%, Discover Savings is at 3.5%, Ally Bank is at 3.6%). So I wouldn't say that you could get 4.5% from a reputable bank at the moment.
- beezle 4y agoIf your amount is under 250K, its insured. If not, take 1/4 (or 1/8th) of funds and place in 4 or 8 week t-bills every week for 4 (or 8) weeks with automatic roll over. On Wed those rates were 4.80% and 4.88%.
- jlmorton 4y agoThe 4.5% rate linked above is in a money market account. It's the exact same rate available from Vanguard today.