Barclays Savings still beats that at .90%!Reub wrote: Ally Bank is paying 0.85% MM with check writing and FDIC insurance.
Physical Cash vs. TBills with no interest
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MachineGhost
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Re: Physical Cash vs. TBills with no interest
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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MachineGhost
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Re: Physical Cash vs. TBills with no interest
Speak of the devil, just got this e-mail in a few minutes ago:
Great news, rates have gone up.
That's right. We are excited to let you know about the rate increase for your online savings account.
Here are the details, on 12/15/2014 the Annual Percentage Yield (APY) on your Online Savings account increased from an APY of 0.90% to the new APY of 1.00%.
Is this the beginning of "Tight Money" that we all fear???
Great news, rates have gone up.
That's right. We are excited to let you know about the rate increase for your online savings account.
Here are the details, on 12/15/2014 the Annual Percentage Yield (APY) on your Online Savings account increased from an APY of 0.90% to the new APY of 1.00%.
Is this the beginning of "Tight Money" that we all fear???
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Re: Physical Cash vs. TBills with no interest
Ally is up to 0.99% which sounds a lot higher than 1.00% any day.
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Mark Leavy
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Re: Physical Cash vs. TBills with no interest
Back to the OP's question.
Throw some vacuum sealed bags of greenbacks in with your physical gold. I think having several months of living expenses in vacuum sealed FRN's is a reasonable allocation of the PP cash.
Throw some vacuum sealed bags of greenbacks in with your physical gold. I think having several months of living expenses in vacuum sealed FRN's is a reasonable allocation of the PP cash.
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MachineGhost
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Re: Physical Cash vs. TBills with no interest
Whats with the vacium sealing? I just bought the latest generation FoodSaver a few weeks ago! Got a great deal on it, just like the $99 robot vacuum today that I've been waiting ages for and which I tried to share with everyone here, but it sold out within 10 minutes.Mark Leavy wrote: Back to the OP's question.
Throw some vacuum sealed bags of greenbacks in with your physical gold. I think having several months of living expenses in vacuum sealed FRN's is a reasonable allocation of the PP cash.
Last edited by MachineGhost on Fri Dec 19, 2014 6:22 pm, edited 1 time in total.
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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Mark Leavy
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- Location: US Citizen, Permanent Traveler
Re: Physical Cash vs. TBills with no interest
Paper/Cloth is organic and subject to moisture and oxidation. I like to throw a packet of desiccant in before vacuum sealing. The Feds use some pretty high quality paper, but... the insurance is cheap.MachineGhost wrote: Whats with the vacuum sealing?
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Stewardship
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Re: Physical Cash vs. TBills with no interest
How about Treasury Zero-Percent Certificate of Indebtedness (C of I) in place of Tbills with no interest?
https://www.treasurydirect.gov/indiv/he ... rnMore.htm
Aren't these technically more liquid than Tbills and safer than FDIC-insured accounts?
https://www.treasurydirect.gov/indiv/he ... rnMore.htm
Aren't these technically more liquid than Tbills and safer than FDIC-insured accounts?
Last edited by Stewardship on Wed May 06, 2015 8:29 pm, edited 1 time in total.
In a world of ever-increasing financial intangibility and government imposition, I tend to expect otherwise.