Best posts made by craig10x

Hi All! Just registered…same name as i used on fatwallet forums…I was around the finance section a lot there…Will miss FW a lot but this looks like it has a lot of potential…kind of has a more modernized look over fw which i like a lot

Alliant CU raised the rate on it’s Savings Account today…from 1.95% apy to an even 2.0% apy

@paazel I have them…their only drawback is extremely low ach limits on their system…However you can Push or Pull from other banks with no limitations…The rate is great and the Online Banking and Customer Service is extremely good…

@mikk1 said in Welcome FatWallet Refugees:

Thanks for the compliment @craig10x - we’re trying our best to get things stabilized as quickly as possible. Please let us know if you have any suggestions!

Will definitely do that and thank you for the welcome!

Nationwide Bank (which is part of Nationwide Insurance) in recent times has become very competitive in their interest rates and offer maximum benefits if you open both their Member Checking and Online Savings accounts…

1.30% apy on Savings (on all balance levels)
1.15% on Checking (Over $10,000…1.0% for lower balances)

They use the excellent (former “Checkfree” Bill Pay now known as Fiserv)
Excellent Free atm coverage (no rebates but they are on both major fee-free networks, Allpoint and Moneypass)…

Nice Online Banking interface… First box of checks free (but need to call Customer Service to request after opening and making initial deposit)

If you apply for the combination, no need to order atm card for savings…debit card for checking sent automatically after initial deposit is made…once card is activated…call Customer Service and they will link in Savings to the account…When card is activated, automated system will let you select pin number

Friendly and pretty efficient Customer Service on the phone but only opened Mon thru Friday

Also, there is a little trick you can employ…which is sanctioned by the FDIC and also NCUA to extend the coverage (up to as much as 1,250,000) at the same bank or credit union…
By adding extra beneficiaries…5 to get the maximum…And they can include non profit charities (like aspca, united way, etc)…if your bank/cu allows it…
For example: you could have 2 people beneficiaries in the main savings account…then open up an additional savings or a cd account where you keep a small amount, and stick the non profits in that one…The 5 beneficiaries do not have to be in the same account…There are articles about this online…like this one:
https://www.depositaccounts.com/blog/2011/05/maximizing-your-fdic-coverage-with-beneficiaries.html

Discover Savings up from 2.0% to 2.10% Apy as of today!
I have it (along with their Checking and also the CIT Bank Savings Builder which gets 2.45%)

Regarding Wealthfront… according to their website, they are planning on keeping their rate competitive…I just opened with them…it’s a rather interesting setup and different then conventional accounts…I like what i am seeing so far…

My favorite features are: you can transfer up to $250,000 per day in or out…Although it’s called a Savings Account, you don’t have the “6 per month limit” The 1 million FDIC Insurance Coverage (because they sweep the money into 4 fdic banks)…and plan on adding debit cards, checks, bill
pay, mobile check deposits in the near future…And the high rate of course…LOL

Up to 3 external bank accounts can be linked to it…They are actually a brokerage firm…not a bank…however, they use 4 actual FDIC Banks for this interesting set-up…

@goldsheet Glad you mentioned that…i was having the same problem…once i switched to the correct one, was able to log right in…

I was wondering…for the free set of checks do you have to request them or are they ordered automatically?

The email said the debit card was ordered but no mention of the checks…

@craig10x Thanks goldsheet…I got on Chat at 11 PM last night and got someone around 11:30 PM…she ordered the checks for me…you are correct…they are not automatically ordered…

I’ll play with it and thanks to all who worked to get me straightened out…I think it will be helpful to others who also probably didn’t know how it works…back to the main discussion…

The points you accumulate will get the bonus points from the platinum honors rewards as you redeem them, so wait until AFTER the 3 months to redeem any points accumulated…that way you will get the full benefit on the points you got before you qualified…

I have Platinum Honors with the BofA Cash Rewards Credit Card…so, that’s how i know…lol,
I waited until AFTER i qualified for Honors before cashing out points, at which point (when i did) i got the 75% boost automatically on them…

@craig10x
I’d get the credit card first then open the Merrill Edge and make sure they link up the BofA side to the Merrill Edge side…

Ally Bank just jumped the Online Savings Account to 1.45% apy…

@jtownsucks46 : Thanks…I previously had an EBSB account and am using my old user id…in my case, i may be considered to be an old customer since the system had me in there from before…will be interesting to see what happens when the first deposit goes in…

Ally Bank Online Savings now at 2.0% APY…

@jtownsucks46
No…but it’s covered by Vanguard’s SIPC (brokerage insurance)…also it is a Money Market Fund so share price is always a stable $1 a share (no fluctuation)…So not only do you have the SIPC coverage but let’s face it, what are the odds of Vanguard going under? (lol)…

Ally Savings up from 2.0% apy to 2.20% as of today…
Cash Bonuses will be paid by Feb 5th…

Alliant CU Savings up from 2.0% to 2.10% apy as of today…

@jtownsucks46
Very Good Point! The only one in their “program group” that i do have funds with is Citibank where i have about $2000 in checking and $50,000 in a CD…However, i will be closing all that out in August when the CD matures…I recently switched my local banking over to Wells Fargo, so i wouldn’t be needing them anymore, anyway…

But that is definitely something one does need to be aware of with this type of account…

I’m kind of confused about this…not familiar with pagination view…how do i make my view display the page list? Do you mean in settings…i am using the default and it has pagination view checked…but i am not seeing page numbers at the bottom of the thread page…

Thanks so much…now i get it…
Is it better to have pagination enable or disabled? And if enabled…how many posts per page?

I assume you currently running windows 7? Whatever version you use…select the same as your current running…ex: if you are running windows 7 home…select same for 10…if you are running window 7 pro then select that…

Here’s a big surprise (a good one)…remember i mentioned that i figured it couldn’t hurt to try for a credit line increase at this time (even though the account is new) since the initial line was granted by a computer of course and this request would actually be evaluated by a real person lol)…I have a very good credit history and an excellent fico score as well…

Just got the e-mail response to my request (I had asked for an increase to $12,000)…
It said: unfortunately although we could not grant your full requested amount, we have increased you limit to: $10,000 which is the maximum amount we can grant at this time…

I’ll take it!
Glad i decided to go with the Citicard (instead of the Paypal)…

After a few months i might try for $12,000 (or $15,000 tops) after i show a history of doing a lot of purchases and paying the bills on time…

@atikovi
It’s covered by SIPC until is arrives at the participating banks…Once arriving in the participating banks, the FDIC insurance side takes over…

Sounds safe enough to me…

@atikovi
The program banks are covered by the fdic…therefore you are covered by the fdic…that’s how it works with sweep banks…and the banks they use are large institutions like Citibank, for example…There is such a thing as being over cautious…but up to you…i feel my money is perfectly safe there…

People buy Brokered Cds in their Brokerage Accounts all the time, it essentially works the same way…Only in this case the cash is going into savings accounts instead of cds…

@my4mainecoons

No sign up bonus…only opened the Cash Account not their Brokerage Account (Investment side)…

Heck…2.51% apy and 1 million fdic coverage…what more could you ask for? (lol)

@frugalpete
That is true…But again, a Money Market Fund at a brokerage is $1 a share…no deviation…so share price does not fluctuate…

@frugalpete
Very true…that was a rarity (that fund that went under $1 a share) and keep in mind…this is VANGUARD we are talking about here…they wouldn’t let it happen…it would destroy their reputation (same applies to the other majors like Fidelity TD Ameritrade Schwab TRowePrice etc…

@jtownsucks46
Will do…

@atikovi: pretty safe, i would think…they have been around since 1934 and back in the 80s when there was all that banking trouble and when a dozen or so banks failed in the Boston area, they were covered by DIF for the difference between the FDIC amount and anything they had over…Of course, the FDIC covered the up to $250,000 part…

I recently opened the EBSB Direct Savings Account…does anyone know: 1) If a deposit posts right away when you set up an incoming transfer using their system? 2) Any hold placed on funds? if so, how long? (when you transfer in using their system)…

@atikovi
The Money Market Account was always 1.80%

What is gone is offering of the High Yield Savings Account with 2.50% apy…
That was short…it only came out a MONTH ago (LOL)

@atikovi
Yes, that is true…because i have it too and nothing changed for those who already have it but apparently they are not offering for new accounts at this point…

Maybe they are getting another new product ready for release…LOL Or (as the sometimes do) not offer anything new for a while…Probably when they have gotten sufficient funds for the moment…

@atikovi
Yes…that’s their usual M.O. (method of operation)

Synchrony Bank’s Online High Yield Savings Account had increased to 1.30% apy on Sept 21st…

American Express High Yield savings went up to 1.45% apy as of today (saw the announcement when i logged into the account)…

I figured they would…i just couldn’t imagine that Ally would stay behind Alliant…LOL

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Mutual One Online Savings up to 1.71%

Capped at $250,000 over that amount, the rate is 0.25% which is a shame because they have unlimited deposit insurance coverage (fdic plus private insurance) only available to mass. banks like they are…

Amex Personal Savings up to 1.60% APY (was 1.55%)

Unless this card is set up totally different than the standard card i can tell you for a fact that you don’t get the bonus honors points until the points are redeemed…that is exactly how it worked for me with the standard cash rewards card and i DID get the 75% points booster on all the points i had prior to qualifying for the honors rewards program! I even got it on the bonus points i received for OPENING the credit card account…If i were you, i’d call them to be sure…

@kohlspowrshopper Thank you so much for your thoughtful and very extensive reply!

Considering that when i open a new credit card, they generally start me in the $7000 to $8000 range (sometimes higher) it was rather insulting to get such a tiny limit (like as if i was just starting out with credit)…Even Citibank, which is not known for starting you out with high limits recently gave me $5000 to start and when i applied for an increase right after getting the card to $12000 they gave me a $10,000 line and said to wait 6 months and then i could ask for more…

However, based on what you reported, it doesn’t sound like HSBC would be as accommodating…

I was really going to just use it as a back up card to my Citi Double Cash, but did want a decent line on it…I also have an Ally Bank Cashback Card with a $7500 line…i figure if HSBC would give me a decent line, i’d close that…looks like it will probably be the reverse (close HSBC and keep the Ally card as the back up)…

I will try calling them after the card is activated (just called them and they said i’d need to have the card and activate it first before checking about an increase) but i am not optimistic at this point…

The one problem with T-Mobile Money is that you can’t add beneficiaries…
You can with Marcus…

@goldsheet Thanks for that link…i found them on the google playstore but based on the many reviews they don’t sound like a very reliable service…i would hate to depend on them for a monthly direct deposit to keep the SoFi 1.25% apy going… thanks anyway…

@goldsheet Astra appears to be for people who have businesses…they don’t have accounts for consumers…so not useful for most of us here…
I signed up and they wanted my business app, url to my website, etc…can’t fake that…
A waste of time…unfortunately…

@goldsheet I am actually transferring my social security dd to SoFi but meanwhile i did set up the Astra app on my phone like you… to try it for this month…

Two questions for you: From the day you initiate the transfer from another bank to SoFi…how many days to get there?

When it posts at SoFi what does it say? Does it post as Direct Deposit?

Thanks

Thanks…sounds like without an interruption (ex: holiday, weekends) then it is 3 days from when you set it up…not too bad…

And i see it does say Direct Deposit…Did it work for you this month (June) as well?

@goldsheet Very good…let me know…i have a friend who has SoFi but doesn’t have a direct deposit to move there and he was curious to know if it is consistent…

@goldsheet Thanks for confirming…the Astra transfers i did to SoFi showed in the exact same way…so SoFi must have caught it and it will no longer work…