Savings account
#6446669
01/31/19 11:13 AM
01/31/19 11:13 AM
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Joined: Apr 2011
Posts: 1,154 Minnesota
Born
OP
trapper
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OP
trapper
Joined: Apr 2011
Posts: 1,154
Minnesota
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Not sure why these big banks have not raised their saving account rates with the stronger economy. My current rate is 0.00785%
I am considering a Ally online savings account making 2.20%
2.20%
Annual Percentage Yield
On all balance tiers.
No monthly maintenance fees.
24/7 customer care.
Anybody have a account with Ally?
Help yourself.
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Re: Savings account
[Re: Born]
#6446696
01/31/19 11:40 AM
01/31/19 11:40 AM
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Joined: Jan 2018
Posts: 367 NW PA
washxc
trapper
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trapper
Joined: Jan 2018
Posts: 367
NW PA
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Re: Savings account
[Re: Born]
#6446727
01/31/19 12:01 PM
01/31/19 12:01 PM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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Not sure why these big banks have not raised their saving account rates with the stronger economy. My current rate is 0.00785%
I am considering a Ally online savings account making 2.20%
2.20%
Annual Percentage Yield
On all balance tiers.
No monthly maintenance fees.
24/7 customer care.
Anybody have a account with Ally? I could easily be wrong because of lack of information.......but you may be comparing apples & oranges. I suspect that your .00785% rate is a DAILY rate not an annualized yield
Mean As Nails
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Re: Savings account
[Re: Born]
#6446741
01/31/19 12:07 PM
01/31/19 12:07 PM
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Joined: Nov 2016
Posts: 493 PA
RKG
trapper
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trapper
Joined: Nov 2016
Posts: 493
PA
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Not sure why these big banks have not raised their saving account rates with the stronger economy. My current rate is 0.00785%
I am considering a Ally online savings account making 2.20%
2.20%
Annual Percentage Yield
On all balance tiers.
No monthly maintenance fees.
24/7 customer care.
Anybody have a account with Ally? I've been with Ally since they were GMAC. Love em. They are always increasing rates as the Fed moves them up, it's very easy to transfer between accounts, and they have some nice CD options. 12 month CD currently at 2.75% Current savings is at 2.2% They used to do a Refer a Friend, but don't anymore.
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Re: Savings account
[Re: Born]
#6446799
01/31/19 01:01 PM
01/31/19 01:01 PM
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Joined: Apr 2011
Posts: 1,154 Minnesota
Born
OP
trapper
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OP
trapper
Joined: Apr 2011
Posts: 1,154
Minnesota
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For the year I made .24 cents and had a balance over 2000.00 at beginning of year and over 3000.00 at the end of the year. US Bank
Help yourself.
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Re: Savings account
[Re: Born]
#6446817
01/31/19 01:10 PM
01/31/19 01:10 PM
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Joined: Nov 2016
Posts: 493 PA
RKG
trapper
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trapper
Joined: Nov 2016
Posts: 493
PA
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For the year I made .24 cents and had a balance over 2000.00 at beginning of year and over 3000.00 at the end of the year. US Bank I have a $2500 12 month CD 2.65% with Ally that I opened in October and it is showing interest accumulated already of $16.54. Their detail line shows I'm earning 18 cents a day on it. Early penalty of course if I were to withdraw, but that ain't the plan.
Last edited by RKG; 01/31/19 01:15 PM.
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Re: Savings account
[Re: Born]
#6446911
01/31/19 02:58 PM
01/31/19 02:58 PM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,914
Central, SD
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It seems silver is cheap compared to gold and it peaks every 10-15 years so if a guy bought it right and sat on it then down the line (the way things are going) it should double in price then or even better. It was over $30 a few years back and it's $16 now so do the math.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Savings account
[Re: Born]
#6446913
01/31/19 03:01 PM
01/31/19 03:01 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,485
MN
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Banks don't need savers to get money, they have the FED and the US government to artificially create it.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Savings account
[Re: Law Dog]
#6446914
01/31/19 03:02 PM
01/31/19 03:02 PM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,485
MN
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It seems silver is cheap compared to gold and it peaks every 10-15 years so if a guy bought it right and sat on it then down the line (the way things are going) it should double in price then or even better. It was over $30 a few years back and it's $16 now so do the math. It was up to 50 a few years back. Physical silver should't be viewed as an investment.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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Re: Savings account
[Re: Steven 49er]
#6446921
01/31/19 03:10 PM
01/31/19 03:10 PM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,914
Central, SD
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It seems silver is cheap compared to gold and it peaks every 10-15 years so if a guy bought it right and sat on it then down the line (the way things are going) it should double in price then or even better. It was over $30 a few years back and it's $16 now so do the math. It was up to 50 a few years back. Physical silver should't be viewed as an investment. They were crazy to get silver back then too. LOL Most class III weapons are more of a investment then people think as the values rise at a steady pace.
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Savings account
[Re: Steven 49er]
#6446922
01/31/19 03:10 PM
01/31/19 03:10 PM
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Joined: Dec 2011
Posts: 10,402 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,402
MT
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It seems silver is cheap compared to gold and it peaks every 10-15 years so if a guy bought it right and sat on it then down the line (the way things are going) it should double in price then or even better. It was over $30 a few years back and it's $16 now so do the math. It was up to 50 a few years back. Physical silver should't be viewed as an investment. Just wondering why you say that?
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Savings account
[Re: Born]
#6446928
01/31/19 03:14 PM
01/31/19 03:14 PM
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Joined: Dec 2010
Posts: 34,914 Central, SD
Law Dog
trapper
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trapper
Joined: Dec 2010
Posts: 34,914
Central, SD
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Might be the lack of control is the only thing I could think of it's a long haul to get there depending on how things are going?
Was born in a Big City Will die in the Country OK with that!
Jerry Herbst
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Re: Savings account
[Re: Law Dog]
#6446935
01/31/19 03:19 PM
01/31/19 03:19 PM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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It seems silver is cheap compared to gold and it peaks every 10-15 years so if a guy bought it right and sat on it then down the line (the way things are going) it should double in price then or even better. It was over $30 a few years back and it's $16 now so do the math. Back in July of 2011, silver topped out at $40.10/oz. Today it is trading @ $15.93 Not adjusted for inflation The S&P 500, over that same time span returned a TRUE, compound annual growth rate of 13.75 %....in other words a dollar invested in the S&P in 2011 would be worth $2.46 today. Not adjusted for inflation. Precious metals are not........as Steven says........ an investment.
Mean As Nails
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