Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by subsubzero on Friday February 03, 2023 @01:28PM
(#34645670)
What I have been doing is buying 1 month CD's. They are at great rates now and don't have the long time commitments other CDs have(you can get them via a brokerage like Morgan Stanley or Schwab). I have been seeing rates of 4.2-4.3%, the rest of my money is in high interest savings which is yielding in the high 3's. I think we will see a sharp correction and have alot of money on the sidelines once things start to fall apart.
[ Parent
| on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by slaw on Friday February 03, 2023 @01:39PM
(#34645843)
There are better high yield savings, Lending Club 4%,UFB Direct 4.21%, Primis Bank 5.03%.
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by _huayra_ on Friday February 03, 2023 @02:01PM
(#34646211)
Wealthfront cash has a 4% checking+savings account (the distinction is no longer necessary, as iirc the monthly withdrawal limit has been done away with a few years ago).
Have you tried Primus? A bank offering a better percentage than RRP seems a bit sketchy and temporary, but maybe I'm missing something.
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by slaw on Friday February 03, 2023 @02:02PM
(#34646247)
I didn't try Primus, only the other two.
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by quickthrowman on Friday February 03, 2023 @05:17PM
(#34648553)
Wealthfront is paying 4.05%, and if you can convince someone to open an account and use your referral, you get an extra 50 bps for 3 months, up to 4 times, for 12 months of 0.50% bonus.
You could get 4.55% for up to 12 months with 100% liquidity, much better than a CD.