What will .75% do to you?

[Dr. Detroit]

Every extra penny I have is going into my high yield right now while maxing my 401k.

401K Limit increases to $22,500 for us under 50 and $30,500 for those 50 and older in 2023.

And the SSI payroll tax limit of 6.2% increased by ~$13K to $160,200.

UGH!

 

[Lost_in_the_HTTP]

Lots of banks now in the 4-5% range and many CDs at or over 5%.

 

[Dr. Detroit]

My credit union just offered up 5.5% for a 9-month CD >$100K if you brought them a minimum $20K of new money.

Ally bank is lagging! Savings just increased from 3.3% to 3.4% and no penalty 11-month CD at 3.85%. They need to increase rates.

 

[VirtualLarry]

My bank offers 0.10% interest on savings.

 

[Brainonska511]

My bank offers 0.10% interest on savings.

Eww... why even bother keeping it there then? I don't know why they get away with such abysmal rates right now.

 

[brianmanahan]

i transferred most of my savings and checking from my bank to vanguard VMFXX

%4.32 >> %0.05