Talking stocks, trading, and investing in general

[Omega Male]

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

 

[Piobaire]

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?

 

[jcman311]

Nope, Ally here. But its only 2.25%.

 

[Piobaire]

Okay, getting dat 2.45% now.

 

[venividivicibj]

Nope, Ally here. But its only 2.25%.

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

 

[jcman311]

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.

 

[otc]

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ING Direct originally made it big as one of those online high yield banks.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.

 

[venividivicibj]

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.

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

 

[jcman311]

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.

 

[brokencycle]

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

 

[Piobaire]

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

 

[jcman311]

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

At $50k, that’s $3.42 every day!

 

[Piobaire]

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

 

[jcman311]

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

The rich get richer.

 

[Omega Male]

It’s the law of the land.