Online CD’s?

[Raybyrnes]

waitingpatiently

If you ahve a WAMU account you can simply take advantage of their MMA’s that are paying 5%. The benefit of this is that if you ahve a WAMU account you cn move the money same day from checking or savings to the MMA. IF you are using other accoutns as secondary to your bank accounts you lose 3 days of earned interest while the money is in transit.

Anoth place to take a look is through COSTCO. They ahve a partnership set up with capital one that is paying over 5%.

I would also advise comparing this to CA Tax Free Muni bond funds offered through discount brokerage adn comparing the tax free rate vs the taxable accounts.

[Raybyrnes]

waitingpatiently

If you ahve a WAMU account you can simply take advantage of their MMA’s that are paying 5%. The benefit of this is that if you ahve a WAMU account you cn move the money same day from checking or savings to the MMA. IF you are using other accoutns as secondary to your bank accounts you lose 3 days of earned interest while the money is in transit.

Anoth place to take a look is through COSTCO. They ahve a partnership set up with capital one that is paying over 5%.

I would also advise comparing this to CA Tax Free Muni bond funds offered through discount brokerage adn comparing the tax free rate vs the taxable accounts.

[Raybyrnes]

waitingpatiently

If you ahve a WAMU account you can simply take advantage of their MMA’s that are paying 5%. The benefit of this is that if you ahve a WAMU account you cn move the money same day from checking or savings to the MMA. IF you are using other accoutns as secondary to your bank accounts you lose 3 days of earned interest while the money is in transit.

Anoth place to take a look is through COSTCO. They ahve a partnership set up with capital one that is paying over 5%.

I would also advise comparing this to CA Tax Free Muni bond funds offered through discount brokerage adn comparing the tax free rate vs the taxable accounts.

[kev374]

I know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.

Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.

[kev374]

I know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.

Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.

[kev374]

I know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.

Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.

[kev374]

I know you have to pay ordinary income tax on MM returns which wipes out a lot of the gains, factor inflation and your net growth is about zero.

Is there any investment that is relatively low risk but is eligible for capital gains rate? I am looking for a 5-5.5% APY.

[cr]

I understand the argument of low MM or CD returns vs. inflation, but you have to then ask what the alternative is.

Compared to sitting idle in a 0% checking account 5% isn’t bad. Compared to 10%/yr on stocks it is worse, but there’s normally more risk in that, and in today’s market nothing is guaranteed. My CU has a tenure based 5.75 APY on a 4-month where I just put some money. That’s better than Countrywide.

As far as Everbank, someone else on here had a bad experience with them. JWM, have you had any issues with them?

[cr]

I understand the argument of low MM or CD returns vs. inflation, but you have to then ask what the alternative is.

Compared to sitting idle in a 0% checking account 5% isn’t bad. Compared to 10%/yr on stocks it is worse, but there’s normally more risk in that, and in today’s market nothing is guaranteed. My CU has a tenure based 5.75 APY on a 4-month where I just put some money. That’s better than Countrywide.

As far as Everbank, someone else on here had a bad experience with them. JWM, have you had any issues with them?

[cr]

I understand the argument of low MM or CD returns vs. inflation, but you have to then ask what the alternative is.

Compared to sitting idle in a 0% checking account 5% isn’t bad. Compared to 10%/yr on stocks it is worse, but there’s normally more risk in that, and in today’s market nothing is guaranteed. My CU has a tenure based 5.75 APY on a 4-month where I just put some money. That’s better than Countrywide.

As far as Everbank, someone else on here had a bad experience with them. JWM, have you had any issues with them?

[cr]

I understand the argument of low MM or CD returns vs. inflation, but you have to then ask what the alternative is.

Compared to sitting idle in a 0% checking account 5% isn’t bad. Compared to 10%/yr on stocks it is worse, but there’s normally more risk in that, and in today’s market nothing is guaranteed. My CU has a tenure based 5.75 APY on a 4-month where I just put some money. That’s better than Countrywide.

As far as Everbank, someone else on here had a bad experience with them. JWM, have you had any issues with them?

[creechrr]

Has anyone here considered Paypal? Any money sitting in a Paypal account is in what’s considered a Money Market account. The current interest rate is 4.88% and there is no minimum deposit.

The only down side is that the account is not FDIC insured. I personally think the risk is minimal. I’ve been using to Paypal for years to conduct Ebay transactions without any problems. I wouldn’t chance super large sums of money but, for someone that doesn’t have a large amount of cash it might be an option.

Any thoughts?

[creechrr]

Has anyone here considered Paypal? Any money sitting in a Paypal account is in what’s considered a Money Market account. The current interest rate is 4.88% and there is no minimum deposit.

The only down side is that the account is not FDIC insured. I personally think the risk is minimal. I’ve been using to Paypal for years to conduct Ebay transactions without any problems. I wouldn’t chance super large sums of money but, for someone that doesn’t have a large amount of cash it might be an option.

Any thoughts?

[creechrr]

Has anyone here considered Paypal? Any money sitting in a Paypal account is in what’s considered a Money Market account. The current interest rate is 4.88% and there is no minimum deposit.

The only down side is that the account is not FDIC insured. I personally think the risk is minimal. I’ve been using to Paypal for years to conduct Ebay transactions without any problems. I wouldn’t chance super large sums of money but, for someone that doesn’t have a large amount of cash it might be an option.

Any thoughts?

[creechrr]

Has anyone here considered Paypal? Any money sitting in a Paypal account is in what’s considered a Money Market account. The current interest rate is 4.88% and there is no minimum deposit.

The only down side is that the account is not FDIC insured. I personally think the risk is minimal. I’ve been using to Paypal for years to conduct Ebay transactions without any problems. I wouldn’t chance super large sums of money but, for someone that doesn’t have a large amount of cash it might be an option.

Any thoughts?

[Author]

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