schildi
Well-Known Member
3718 and no text
Joined: Jan 14, 2011 1:38:58 GMT -5
Posts: 1,846
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Post by schildi on Jan 16, 2011 14:27:17 GMT -5
Hi everybody!
We have a checking account that pays 2.75% on up to $30K. I am planning on increasing the EF to $50K now. So I am looking for a decent rate on those extra $20K.
What are you guys doing? Any good ideas?
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The J
Senior Member
Joined: Dec 18, 2010 11:01:13 GMT -5
Posts: 4,821
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Post by The J on Jan 16, 2011 14:31:06 GMT -5
If you want to keep it in cash/cash-equivilants, I'd do laddered CDs. Otherwise I'd do a short-term bond fund.
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schildi
Well-Known Member
3718 and no text
Joined: Jan 14, 2011 1:38:58 GMT -5
Posts: 1,846
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Post by schildi on Jan 16, 2011 14:35:28 GMT -5
If you want to keep it in cash/cash-equivilants, I'd do laddered CDs. Otherwise I'd do a short-term bond fund. J, got an example? Can you have more than one checking account (one for you and one for the wife?)? Yeah, I thought about that, but the requirements to get that rate would become a little irritating. The worst would be the 12 Debit card transactions. |
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schildi
Well-Known Member
3718 and no text
Joined: Jan 14, 2011 1:38:58 GMT -5
Posts: 1,846
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Post by schildi on Jan 16, 2011 14:36:38 GMT -5
BTW, I think I can get used to this forum here. I hope some of the people we are still missing from YM will be joining as well. At least, this new board seems to be pretty active ....
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The J
Senior Member
Joined: Dec 18, 2010 11:01:13 GMT -5
Posts: 4,821
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Post by The J on Jan 16, 2011 14:37:47 GMT -5
Maybe the GNMA bond fund.
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❤ mollymouser ❤
Senior Associate
Sarcasm is my Superpower
Crazy Cat Lady
Joined: Dec 18, 2010 16:09:58 GMT -5
Posts: 12,861 
Today's Mood: Gen X ... so I'm sarcastic and annoyed
Location: Central California
Favorite Drink: Diet Mountain Dew
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Post by ❤ mollymouser ❤ on Jan 16, 2011 14:41:08 GMT -5
Some Money Market Accounts pay higher interest rates for higher balances. Did you check www.bankrate.com? |
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Peace77
Senior Member
Joined: Dec 29, 2010 1:42:40 GMT -5
Posts: 4,031
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Post by Peace77 on Jan 16, 2011 14:46:36 GMT -5
My Credit Union pays 6.17% but only on the first $500 for each account. On Savings over $500, the interest is only $0.5%
You could have $500 in savings, $500 in checking for yourself and
$500 in savings and $500 in checking for your wife.
That would take care of the first $2K.
Where are you earning 2.75%? Could you do separate accounts there?
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