Search found 4 matches

by dantheman46
Wed Aug 07, 2019 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5643

Re: high-yield savings: stay or switch?

Northern Bank Direct MOney Market is 2.5% and rate is guaranteed through the end of 2019. I've been with them since 2018 and they are a great bank IMHO. I have liquid money parked there. I will reevaluate towards the end of the year if they don't extend the rate guarantee(which they already did onc...
by dantheman46
Wed Aug 07, 2019 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: high yield savings vs. no penalty CDs
Replies: 28
Views: 3188

Re: high yield savings vs. no penalty CDs

Popular Direct doesn't have them but other institutions do. For example Bank5Connect has a 2 year Add on CD that pays 2.6%.
by dantheman46
Tue Aug 06, 2019 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: high yield savings vs. no penalty CDs
Replies: 28
Views: 3188

Re: high yield savings vs. no penalty CDs

Another thing to consider is an add on CD. You could park your money at Popular Direct or another bank offering 2.5% and then if rates drop, you could add that money to an add on CD. This may not keep you as liquid as you might like depending on the length of the add on cd but add on CD's can defini...
by dantheman46
Tue Aug 06, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: high-yield savings: stay or switch?
Replies: 50
Views: 5643

Re: high-yield savings: stay or switch?

Northern Bank Direct MOney Market is 2.5% and rate is guaranteed through the end of 2019. I've been with them since 2018 and they are a great bank IMHO. I have liquid money parked there. I will reevaluate towards the end of the year if they don't extend the rate guarantee(which they already did once...