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Which assets to invest pension into?
Gl as a aor
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Marucs is 1.7%. They're good.
I use that and Goldman Sachs. For high yield savings they are good options
I use Marcus by Goldman Sachs. Started off at 1.60% APY, they quietly upgraded me to 1.7% APY. Haven't seen higher yet, and there is no minimum balance. I agree with all the others recommending Marcus as well!
There are a few local credit unions that offer some 2-3% up to like $10k or so. Typically require direct deposit of some or or some number of transactions per month.
The thing is, in my view anyway, a cash position is about mitigating risk and not about making a return. So any additional complexity added does not make it worth it. (IMO)
Insight savings accounts are 5% but have a $5K cap. You can open up 3 - 4 of them though.
https://meetbeam.com/?r=CASH-SygdmI7EoG
@a2 read about insight card on BBB one guy got 4000 wiped off from his account. Sometimes things are actually too good to be true.
Anything below 3% is pointless. Factor in 2% inflation per year and it’s close to nothing.
Popular Direct 2.0%
Popular direct if you want highest but no guarantees
S1 wow 5% that’s crazy! Do you know if you can open them with the same account info?
I have Marcus by gs now but 5% would be worth a switch
MARCUS by Golman Sachs silently increased my rate from 1.6 to 1.7 😀
A2, I currently have 3 Insight accounts and have never had a problem. All 3 are registered with the same name and address, they have different logins. You can check out Doctor of Credit or Financial Panther for more info on how to set them up.
So no one actually uses savings accounts like BOFA or chase here?
Ah Thanks d1
C1 I use chase checking for normal stuff like bills and rent, but Marcus for emergency fund
Ally bank, 1.6%
Some credit unions offer better rates but with lot of terms and conditions
What about Vanguard money market VMMXX that yield around 1.8%
Depending on how much you pay in taxes (federal plus state), a tax-free money market fund could be of interest to you.