HYSA recommendations?

[CascadeClone]

I just swap any extra cash from my bank account in and out of a MM with TRowePrice.

TRP handles my personal retirement stuff, and its just easier this way. It isn't the most that can be found, but chasing 50 basis points more by creating new accounts here and there isn't worth the effort for me. That's $50 on $10k, over a whole year.

 

[cyfanbr]

3.73% with Ally currently.

To expand on this. I use Ally for my banking, so my savings account has my emergency fund plus a few other buckets for vacation, car down payments etc. Any extra money outside of that I transfer to my retirement account where I have a diversified portfolio. So solely using this as a way to make a few extra bunch’s with money that I need to have on hand anyways. Plus I’ve been with Ally for 3-4 years and have enjoyed their banking experience thus far.

 

[cyphoon]

That is what I saw too, but I haven't found anything better (4.69%)

Yeah, 4.69% is still pretty good. Just didn't want people thinking they could really get 5.24% after the rate cuts. Those days are gone for now.

H

 

[Big Daddy Kang]

Have a 14-month CD with a 5.60% yield maturing today and noted the inverted curve our bank currently offers on their “specials”: 3 month, 4.25%, 7 month 3.75%, 13 month 3.25%. And if we were among the sleepy set, the roll over rate is 1.30% for a year. We’ve looked around a little, but for convenience will likely kept these funds at this bank. (They also “spiff” their published rate as an incentive for keeping a level of funds across accounts with them. The last ”spiff” was 0.50% above the published CD rate 14 months ago.)

My CU does this too (talk about being opportunistic/borderline unethical!). I told them to stop rolling over CD's.

 

[CycloneDaddy]

My CU does this too (talk about being opportunistic/borderline unethical!). I told them to stop rolling over CD's.

It is in the paperwork you sign and they should also be sending notification in the mail before the cd expires.

 

[CascadeClone]

Anyone of the finance/insurance wizards have any reccs on a "jumbo" type savings vehicle?

Our business has a chunk of cash that we have to basically keep as cash against a long-term debt. But we can park it somewhere that generates a good return. Wasn't sure if like a GIC, annuity, or something like that would be better than just plunking it into a HYSA.

 

[Cyclone06]

Anyone of the finance/insurance wizards have any reccs on a "jumbo" type savings vehicle?

Our business has a chunk of cash that we have to basically keep as cash against a long-term debt. But we can park it somewhere that generates a good return. Wasn't sure if like a GIC, annuity, or something like that would be better than just plunking it into a HYSA.

Use cash to pay against debt?

 

[CascadeClone]

Use cash to pay against debt?

Not when debt is at 2.5% and can be strung out 8 more years.

 

[HardcoreClone]

Anyone of the finance/insurance wizards have any reccs on a "jumbo" type savings vehicle?

Our business has a chunk of cash that we have to basically keep as cash against a long-term debt. But we can park it somewhere that generates a good return. Wasn't sure if like a GIC, annuity, or something like that would be better than just plunking it into a HYSA.

Money market fund? Has to be liquid, right?

 

[ClonerJams]

Most HYSA's are paying out around 4% interest right now

 

[DevilDog]

Currently getting 3.6% thru Amex.

 

[LostinIowaCity]

Any simple publicly traded money market should be at around 4.2%