Home Forums Hunting & Shooting Hunter's Campfire Money Market Accounts

my 2 cents is open a brokerage account if you don't already have one.
I use Fidelity and Schwab.
Fidelity Govt Money market, SPAXX, pay 4.78% and is totally liquid. You can also buy CD's and T bills.

Schwab, which I prefer, you can purchase CD's and T bills. Todays rate are 1 month CD's=5.11% and 3 month 5.35%
3 month Govt T Bills are 5.42% but these are in 25k increments.

I’ve bought 3 separate bank CD’s this month alone; each at 5.08% APY; and each for a term of 4 months. Took about 10 minutes for each one.

Got 5.00% for 8 months today from Chase.

Not displeased.




P

5.5% at my local credit union.

What's inflation actually running?

Todays numbers were 0.2%, month to month for the PCE. It’s been running at about 2 to 2.5% annual rate for the last seven months.

Terry, if you don't mind me asking where was that?

Fidelity FZDXX is averaging 5.01%. I was using SPAXX but I moved my liquid funds to FZDXX after a fidelity advisor told me about it. If you have $250,000 in fidelity they give you an advisor. I've found the advisor fairly helpfull.

I'm wishing now I would have stayed in some more stocks but earlier in the year I just started doing CD ladders. I've got CDs paying between 5.25% to 5.5% mostly all short term 1 month to 6 months and I just put 5k to 10k in each one and spread it out across 20 or so banks.

I want to get into more stocks but the imbecile in the whote house scares me away. We're one black swan event away from a large collapse and I believe Bidet could cause such an event at any time.

Bb

FIDELITY is pretty solid !!

Biden/ The Regime is taking it all come october. Don't worry about it.

My uninvested money with Fidelity is in SPAXX, but I don't see it as risk free. If you look at the fund info here, you will see that 64% of the money is invested in U.S. government repurchase agreements, which sounds like some derivative stuff with counterparty risk to me. I really am not confident that it is risk free like a government insured or backed product. I would be pleased if some of you could advise otherwise.

My wife has invested some of her money in T-Bills from Treasury Direct. Right now the 4-26 week bills are running in the 5.25% plus or minus range.

Cheyenne: Thanks for the heads up on repurchase agreements.
In 2007–2008, a run on the repo market, in which funding for investment banks was either unavailable or at very high interest rates, was a key aspect of the subprime mortgage crisis that led to the Great Recession.[3] During September 2019, the U.S. Federal Reserve intervened in the role of investor to provide funds in the repo markets, when overnight lending rates jumped due to a series of technical factors that had limited the supply of funds available

I had no trouble finding 6 month CD's for 5% +
Figured the Economy should figure out where it's going by then, if not, I'll renew them for another 6 months.

Whtail in MT: The VarmintWife and I recently dumped a lot of money into one of our local banks as they were running a "special" on C.D.'s at 4% interest for 11 months.
From time to time the local banks around here have these higher rate C.D.'s - I don't know why.
Good luck in your quest.
Hold into the wind
VarmintGuy

%4 to %4.5 for MMA in Amex, Marcus (goldman) and Discover.

I put a good chunk in yesterday in a CD at 5.335

My 401k is with Fidelity and I have another brokerage account with them. I have my local bank tied to it so it’s just a few clicks to transfer money between them. As mentioned the SPAXX money market account is around 4.75% and I use that for my holding account. When I get a bit built up I’ve been buying 3 month T bills. The last ones I bought about a week ago were at 5.46% and T bills are as safe as you can get, plus they’re easy to liquidate on the secondary market if you need the money quick. The T bills are what I’d recommend right now, you’re generally not going to get 5.4% from a CD or MM account.

I think the stock market is overpriced right now so I’ve taken some profits and moved it into T bills. I’ll take a safe 5.4% over the risk of a Biden market.

They sent me a postcard with the offer, and there was a sign on the door of the bank. The webpage listed 4.5%, so that was strange. Supposedly the rate was good until 7/31, but it is worth a call. They had a similar offer the previous month.
Kish bank has 5.05 on 6 month CDs, so I will get another this week. I sold a car, so I had over 25k in my citizen checking account, but the CD needed to be new money. So Kish will get my citizen checking money that is earning nothing.
https://locations.citizensbank.com/pa/burnham/308-n-logan-blvd.html

5.5 at the local credit union......

https://alliancecutx.com/

I hope you have a financial advisor because you need help. I can give you about 20 options that will pay north of 4% on a MM account. Whether we want to talk about AMEX, Vanguard, Fidelity or countless credit unions or online banks.

So to summarize your information is wrong, do your homework Toot. Tell me I’m lying or any of the above is untrue. Looking forward to it.