Good option for the kids college money (that isn’t in a 528) that I will need in about that time frame?
Or stick with online savings paying 2.2ish?
Good option for the kids college money (that isn’t in a 528) that I will need in about that time frame?
Or stick with online savings paying 2.2ish?
First of all it’s a 529 account.
Secondly there are much better CD rates than what you quoted.
Thirdly it depends upon when you first need to start paying tuition.
Huh????? wrote:
Secondly there are much better CD rates than what you quoted.
Huh????? wrote:
Secondly there are much better CD rates than what you quoted.
On a 27-month term and available nationally?
Pretzel Man wrote:
Huh????? wrote:
Secondly there are much better CD rates than what you quoted.
Link please??
PenFed has money market rates of 2.80.
Synchrony Bank has 24 month CD rates at 2.90.
CIT is in the 3’s.
Google is a wonderful invention. Ever heard of it?
Paying for college wrote:
Good option for the kids college money (that isn’t in a 528) that I will need in about that time frame?
Or stick with online savings paying 2.2ish?
Have you never heard of bankrate? 2 years seems to be the sweet spot at the moment, with the top banks paying 2.9%. But ibonds bought today are paying 2.83. I’d do that if I had between a 12 month and 5 year timeline for needing the money. Note, you lose 90 days of interest if you sell within 5 years.
Bought a 3 month at 2.45% and 1 year at 2.75%, so what you quoted is below market.
Paying for college wrote:
Good option for the kids college money (that isn’t in a 528) that I will need in about that time frame?
Or stick with online savings paying 2.2ish?
You know how much college costs? No way you'll have enough after 27 months with some dumb CD. There's only one way to do this properly in the time frame you specify.
All in on 3/29/2019 $150 QQQ puts
Racket wrote:
Paying for college wrote:
Good option for the kids college money (that isn’t in a 528) that I will need in about that time frame?
Or stick with online savings paying 2.2ish?
You know how much college costs? No way you'll have enough after 27 months with some dumb CD. There's only one way to do this properly in the time frame you specify.
All in on 3/29/2019 $150 QQQ puts
Don’t tell them that. They don’t need to lose this money.
Ghost of Igloi wrote:
Bought a 3 month at 2.45% and 1 year at 2.75%, so what you quoted is below market.
Man...those are cheesy! When are they going to bring back 6-7% CD rates? (where a man can retire early and live off the interest). I remember as a kid back in the 60s, my parents made a killing off of bank interest rates in those days (if you were a saver this was the way to go!). Nowadays, who can live off a 2.75% interest rate in retirement? And the only other choice would be to gamble with your money in the stock market controlled by those Wall Street thugs! ?
Robinhood is offering a standard savings account at 3.0%. Checking too at 3.0. Things are starting to look up for savers.
Robinhood is not FDIC protected. Nice call...
My first CD back in the early 80’s I got 14.5%.
Of course my parents’ mortgage rate was about 20%.
Thank you Jimmy Carter.
justthefacts wrote:
Robinhood is not FDIC protected. Nice call...
Say what? Not FDIC insured? That goes over about as good as a fart in Church.
My checking account has 3% paid monthly.
justthefacts wrote:
Robinhood is not FDIC protected. Nice call...
They are fdic insured (for these accounts).
elviejo wrote:
justthefacts wrote:
Robinhood is not FDIC protected. Nice call...
They are fdic insured (for these accounts).
How can you be so sure with a name like Robinhood?