Re:Fidelity Introduces Zero Expense Ratio Index Funds
by LeifCarrotson on Friday August 03, 2018 @09:11PM
(#17684839)
There are lots of credit unions that have 3% or better checking accounts:
https://www.lmcu.org/personal/banking/checking-accounts/max-...
https://www.myconsumers.org/personal/checking
No penalties for liquidating, some minor requirements (use it for at least one bill and a couple purchases each month) to get the interest rate each month.
Re:Fidelity Introduces Zero Expense Ratio Index Funds
by whitepoplar on Friday August 03, 2018 @11:06PM
(#17685157)
Yes, my figures are for money market funds. They are withdrawable cash. No penalties. Plop money in, take it out whenever you want (or not).
Re:Fidelity Introduces Zero Expense Ratio Index Funds
by inyourtenement on Saturday August 04, 2018 @03:55PM
(#17688218)
Ally Bank savings accounts just went to 1.8%, and 2 year CDs are 2.5%, with no minimums.
Re:Fidelity Introduces Zero Expense Ratio Index Funds
by whitepoplar on Saturday August 04, 2018 @05:04PM
(#17688416)
2 year treasuries are 2.64% and they're exempt from state taxes.
Wait, so are you saying you can get up to 1.65% interest on a withdrawable cash fund? Perhaps I'm confused - are you including a penalty for liquidating the shares in that, or just assuming you never liquidate?
I'm getting slightly better than that, but that's in a 5 year CD with a large minimum deposit. The penalty for liquidating is the previous 6 months of interest.