Yeah, it’s variable. If rates go back down so will SPAXX. Its 7 day yield is 4.74%.
What does “fixed at…right now” mean? How is that different from variable?
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They couldn’t do my loan because my employer gave me a sweet benefit where they pay for a percentage of my home as a forgivable loan. Was super annoyed
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The moderators of this message board, otatop, L.Washington, WichitaDM, Yuv, JonnyA, RiskyFlush, and SvenO, are cowards who let abusers dox and harrass other long time posters.
So if fed rate does not change, then the interest rate cannot change?
Terms and conditions apply
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It is not a fixed rate in any meaningful sense.
Edit:
As we’ve explained before, the rate we’re able to pay on the Wealthfront Cash Account is based on the rates we receive from Wealthfront’s partner banks — the banks where we place your cash account funds. The rate from our partner banks is based on a set premium over the previous night’s effective fed funds rate, which is the average rate that banks lent and borrowed funds to each other the prior night. This means a decrease in the effective fed funds rate will lead to a decrease in the rate we receive from our partner banks.
If it ain’t broke…
I have heard this recently about the Apple savings account! (backed by Goldman)
How the hell does David Solomon still have a job after dumping billions into a failed consumer bank. What a dope.
Still debating on which HYSA to move money to. I’m now leaning toward LendingClub with a 4.25% apy currently. Main attraction is that I can deposit cash at ATMs near me so won’t have to use my local account as a pass through. That convenience is huge as I deposit cash several times a month.
They have good reviews, just a little hesitant given their relatively young existence as a bank since acquiring Radius a couple years back. Anyone have personal experience with them?
I thought Ally did this
Everything I saw said that Ally does not accept cash deposits. They’d probably be my front runner if they did based on the positive feedback here though.
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If you have many billions and you lose some billions you’re still a billionaire.
RUN THE COUNTRY LIKE A BUSINESS COMMON SENSE BALANCED BUDGET!
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It is their one big shortcoming for sure. For me it hasn’t been a problem, I just don’t deal much in cash so hasn’t been a problem. If you need deposit cash on the regular it’s not good.
For the rare occasions I need to I have been able to pay a small fee to deposit some cash, but it is an extremely rare occurrence and would not work for sizable sums.
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Ok, thanks for the feedback. 95% of my income is in cash so probably have to go with LendingClub just for convenience sake. Or I guess I could put a chunk of my saving in each to see which one has a better return long term.
Some FIRE guy was on Good Morning America today with some common sense tips to help people do what he did and retire in his mid-30s to live a more intentional life and spend time with his kids.
- diversified investing
- dollar-cost averaging
- passive income
- own a successful IT consulting firm and sell it when you’re in your mid-30s
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Anything about Daddy and Mumsy paying for college and helping him buy a million dollar house by age 25?
Mint driving me mad the last couple of months with this new Chase sync which asks me to re-sync every time I log into Mint, causing all sorts of duplicate accounts/transactions. Think I finally got it sorted out (by just hiding some duplicate accounts from transactions/trends), but I suspect I missed something along the way and some of my historicals may be off, which annoys me since I like looking at them for comparisons over time.