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Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. Omega Male

    Omega Male Senior Member

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    VIX is back in the 12s -- greed>fear for the moment.
     

  2. Piobaire

    Piobaire Not left of center?

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    Okay, you guys got me thinking about moving 50k over to a high interest online account. Nerd Wallet pointed me towards CIT Bank which is paying 2.45% on a straight savings account. Anyone have a CIT account?
     

  3. jcman311

    jcman311 Distinguished Member

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    Nope, Ally here. But its only 2.25%. :(
     

  4. Piobaire

    Piobaire Not left of center?

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    Okay, getting dat 2.45% now.
     

  5. venividivicibj

    venividivicibj Stylish Dinosaur

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    Ally has been bumping it up every few months though right?
     

  6. jcman311

    jcman311 Distinguished Member

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    Yeah, slowly but surely. Just checked it again and its actually 2.2% but whatever. Better than the local banks whose CD’s are barely hitting 2.75-3% for 12-18 months.
     

  7. otc

    otc Stylish Dinosaur

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    Capital One 360 ain't been keeping up.

    ING Direct originally made it big as one of those online high yield banks. Looks like they aren't going to stay that way as rates go up under Capital One ownership :(

    Does Ally let you do anything resembling "sub-accounts"? That's the one cool feature that ING offered that Capital One has continued to offer. I don't use it as heavily as I could, but I still find it handy as a way to earmark money.
     

  8. venividivicibj

    venividivicibj Stylish Dinosaur

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    My local credit union is like .1%. No idea how they’re in business
     

  9. jcman311

    jcman311 Distinguished Member

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    We closed our brick and mortar account like 3 or 4 years ago. I remember the branch manager being like "We've heard many people having problems with online banks and coming back to us.". I remember thinking "I hope to never step foot in a bank again." and haven't. I'm sure there are many people who cannot fathom a world without a brick and mortar bank.

    We actually use Ally and Cap One.
     

  10. brokencycle

    brokencycle Stylish Dinosaur Moderator

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    I should really open one of those. We use usaa today but the interest rate is crap.
     

  11. Piobaire

    Piobaire Not left of center?

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    I need to figure out what I'm going to do with all these fat returns.
     

  12. jcman311

    jcman311 Distinguished Member

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    At $50k, that’s $3.42 every day!
     

  13. Piobaire

    Piobaire Not left of center?

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    Before taxes it's like a c-note per month for doing nothing. Basically, I am now FIRE'd.
     

  14. jcman311

    jcman311 Distinguished Member

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    The rich get richer.
     

  15. Omega Male

    Omega Male Senior Member

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