Investors in online Ally bank CDs ( 5 year CD currently 1.00%) should take note of a thread over on bogleheads:
Ally has apparently ended its online early withdrawal option. Holders of CDs who want an early redemption must now call the bank and speak in person to a customer service rep. There are also complaints that the bank has effectively granted itself a float of investors’ cash by taking 1-2 business days to deliver proceeds of redeemed CDs to an checking accounts.
https://www.bogleheads.org/forum/viewto ... 0&t=328172
Best current options for cash and STT's?
Moderator: Global Moderator
Re: Best current options for cash and STT's?
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
Re: Best current options for cash and STT's?
Rates seem to be rising suddenly. What are our options now?
Re: Best current options for cash and STT's?
Assuming we assume we can predict, buy very short term instruments.