Bank Interest (E-Trade, fund, credit, cash)

[Oildog]

Wow. Found out my interest rate on my bank savings account is only 0.85%, and its a preferred account. The regular accounts are only 0.2%. Why let them hold your money at these rates. In December the rates were closer to 2.5%. I'm very tempted to take the slush fund out and put it in the market as many companies will give me a dividend of at least 2%.

[oleo]

E-trade just dropped from 3.01% to 2.50%

[wheelsup]

capitalone money market accounts / savings accounts are around 2.5%.

[Jaggy001]

I locked some money into a CD with Wells Fargo at 3.1% in November. One of my better moves. Definitly worth looking at CDs unles you need the instant access.

[Oildog]

Originally Posted by oleo

E-trade just dropped from 3.01% to 2.50%

A friend just told me about E-trade as well, I'll look into it.

[maggiekate]

I also have a CD and yes Verizon stock, the reason they pay a good dividend which I need. Also AT&T
is real low and a good dividend. However that needs to be money you just can wait on. Both stocks
are at a low.

[Ultrarunner]

I told my bank I'm considering taking my money out in cash if the rate goes any lower

The Branch Manager was summoned and started to explain why this is a bad idea...

I asked him how can he look at me with a straight face and tell me keeping my account open at .0045 percent is a good idea...

[Jaggy001]

Originally Posted by Ultrarunner

I told my bank I'm considering taking my money out in cash if the rate goes any lower

The Branch Manager was summoned and started to explain why this is a bad idea...

I asked him how can he look at me with a straight face and tell me keeping my account open at .0045 percent is a good idea...

I think I am going to buy stock in companies that make mattresses

[Oildog]

Originally Posted by Ultrarunner

I told my bank I'm considering taking my money out in cash if the rate goes any lower

The Branch Manager was summoned and started to explain why this is a bad idea...

I asked him how can he look at me with a straight face and tell me keeping my account open at .0045 percent is a good idea...

I felt bad for the teller I was discussing this with. She was embarrassed by the rate, and couldnt fault me for moving it.

I'm looking at MLPs or another credit union I use.

[dfour]

Savings, CD and money market rates are all over the place at my local banks. I called around to about every bank and found a checking and mm account paying 3%. Call around.

We should be in the market at our age, but are too leary.