Author Topic: Cash Parking  (Read 16243 times)

jheizer

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Re: Cash Parking
« Reply #90 on: December 14, 2018, 10:24:13 PM »
Ha. Interesting.
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Rob L

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Re: Cash Parking
« Reply #91 on: December 16, 2018, 10:58:43 AM »
"Robinhood is going back to the drawing board.

Just a day after unveiling what it called checking and savings accounts, the financial technology startup said it is re-launching and re-naming the product, which came under immediate scrutiny from Wall Street and federal officials about potentially misleading investors."

https://www.cnbc.com/2018/12/15/robinhood-to-re-brand-savings-account-plan-after-widespread-criticism.html

jheizer

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Re: Cash Parking
« Reply #92 on: December 16, 2018, 11:37:52 AM »
Oops...  Everything in the app has bee renamed to cash management.
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bobeubanks

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Re: Cash Parking
« Reply #93 on: December 17, 2018, 12:30:23 PM »
Oh my. Getting stuff like this right should be job #1. 

nonattender

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Re: Cash Parking
« Reply #94 on: February 28, 2019, 03:17:40 PM »
Well, in light of DLI exploding, here's a safety play:

https://www.scb.bank/personal/savings-solutions/

3% APY FDIC-insured savings (6 month intro rate).

$100k min. deposit, but FDIC-insured to $250k. :)
A little nonsense now and then is relished by the wisest men.

Fred93

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Re: Cash Parking
« Reply #95 on: February 28, 2019, 09:40:22 PM »
You can get 2.5% on relatively short term treasury bonds/notes right now. 

You don't pay state tax on treasuries, so in a high tax state (like mine!) that's just about as good as that CD.

nonattender

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Re: Cash Parking
« Reply #96 on: March 01, 2019, 01:17:30 AM »
Well, then, for those who want 3% and still live in a free state. :)

(The SCB 3% acct, above, is a liquid fdic savings acct, not a CD.)

Speaking of free states:

AndrewsFCU.org (home of Air Force One!) has a 6mo 3.25% CD.
(It's a new money only thing, and is only open like 2 more days.)

A little nonsense now and then is relished by the wisest men.