Online CD’s

[scott123456789]

I have a money market with Fidelity that is at 5% - I use this for money I may need in the next year. The rest I put into their one year CD at around 5.5%.

For my long term money I put it into a guaranteed fixed rate annuity for 5 years locked in at 5.5% for all five years. If need I can withdraw up to 10% each of those five years with no penalty.

I am 70 and retired so if I can average in the 5% range overall with zero risk I will take it all day long!

All through this post I was thinking dang you are losing out big not being in the market, but at 70 years old safe 5% returns make a ton of sense.

[Huntingfool]

All through this post I was thinking dang you are losing out big not being in the market, but at 70 years old safe 5% returns make a ton of sense.

If you save money over all of your earning years and leave it alone then when retirement comes you do not have to risk the market - wife and I are there.

Last thing I wanted to do was worry about the stock market during my retirement years - we had plenty of income to live a great life while our kids grew up but we saved a percentage (15 to 20%) of our income every year.

So we are now 100% in fixed and safe investments and will not run out of money - meanwhile we are living a great life traveling and doing whatever we want to do with no money worries - it was a totally designed plan from day one - it does not happen by accident

[McCEC]

My AMEX HYSA said it is only yielding 4.3% as of this morning.

[McCEC]

Marcus savings by Goldman Sachs online is 4.4% and their 6 month CD is 4.9%.

[Gumbo Man]

If you save money over all of your earning years and leave it alone then when retirement comes you do not have to risk the market - wife and I are there.

Last thing I wanted to do was worry about the stock market during my retirement years - we had plenty of income to live a great life while our kids grew up but we saved a percentage (15 to 20%) of our income every year.

So we are now 100% in fixed and safe investments and will not run out of money - meanwhile we are living a great life traveling and doing whatever we want to do with no money worries - it was a totally designed plan from day one - it does not happen by accident

I approve this message. Great plan that works without sleepless nights.

[solocam_aggie]

I'm not sure about the Onlines.

My local credit union has a 9 month promo 6% CD deal going on right now.
Says you can open an online CD for non members.
Link-
Certificate Of Deposit | TX Credit Union CD Interest Rates | CRCU

Inquired about this. The gentleman said you have to live within 10 miles of a branch in order to open an account.

[JBJTX81]

There are a few tax free bonds coming out around 5%. If you don't mind some money being locked up for a period.

Side note - With risk free rates getting this high does anyone think the stock market will start to suffer? People start shifting to risk free 5-6% CDs and bonds the markets start down and then keep going. More so if people need money to live and start taking from 401k or just stop putting into 401ks. Or shifting 401k from stocks to 5-6% risk free.

Yes it will.

[JBJTX81]

Also fellas - read the fine print. Most of this high yeild CD's are callable by the issuer. You might not ever get your full return.

[hooligan]

Have Ally for HYSA at 4.25% is pretty good, looking at BrioDirect - HYSA is 5.35% and 12mo CD is 5.35% right now too

[JBJTX81]

Lots of money markets paying in the 4.75-5.0 range. If its a joint acct its FDIC insurable up to 500K. Also, your money is accessible anytime you need it. That is where I'm parking a lot of cash right now among 3 different institutions.