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High yielding account to keep my emergency fund in?

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blackhawksfan

Post subject: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 7:41 am

Joined: Sun May 11, 2014 8:50 pm
Posts: 6286
pizza_Place: PizzaHut

Any suggestions? Keeping it in a bank is more like a tax with inflation eating away at it. Thank you in advance. I love you all.

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Brick

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 7:50 am

Joined: Wed Jun 21, 2006 6:57 pm
Posts: 92099
Location: To the left of my post

FTX

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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Jaw Breaker

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 7:55 am

Joined: Thu Sep 30, 2010 3:40 pm
Posts: 16490
pizza_Place: Boni Vino

Marcus (Goldman Sachs)

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To IkeSouth, bigfan wrote:

Are you stoned or pissed off, or both, when you create these postings?

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Douchebag

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 8:38 am

Joined: Tue Aug 19, 2008 3:03 pm
Posts: 43577

Audacy

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Juice's Lecture Notes wrote:

I am not a legal expert, how many times do I have to say it?

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Nas

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 8:40 am

100000 CLUB

Joined: Tue Mar 29, 2005 8:06 pm
Posts: 81466
pizza_Place: 773-684-2222

Cocaine

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Be well

GO BEARS!!!

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Douchebag

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 8:43 am

Joined: Tue Aug 19, 2008 3:03 pm
Posts: 43577

Ginseng

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Juice's Lecture Notes wrote:

I am not a legal expert, how many times do I have to say it?

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Caller Bob

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 8:47 am

Joined: Mon Feb 16, 2015 1:15 pm
Posts: 41378
Location: Small Fringe Minority
pizza_Place: John's

Packers stock

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Nas

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 8:50 am

100000 CLUB

Joined: Tue Mar 29, 2005 8:06 pm
Posts: 81466
pizza_Place: 773-684-2222

Caller Bob wrote:

Packers stock

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Be well

GO BEARS!!!

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good dolphin

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 9:12 am

Joined: Thu Feb 17, 2005 2:35 pm
Posts: 82255

Bears +3

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

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Bagels

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 9:30 am

Joined: Wed Nov 01, 2006 1:10 pm
Posts: 32067
pizza_Place: Milano's

Douchebag wrote:

Ginseng

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IkeSouth

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 9:33 am

Joined: Thu Jul 13, 2006 1:25 pm
Posts: 27055

Just put it in smci its one of the only stocks that hasn't been scared of anything the past 5 years.

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the world will always the world. your entire existence is defined by your response.

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hnd

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Fri Nov 18, 2022 10:34 am

Joined: Wed Nov 06, 2013 2:25 pm
Posts: 4272
pizza_Place: pizza and subs

SOFI is 3% right now. find a money market account.

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DAC

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Sat Nov 19, 2022 6:11 pm

Joined: Tue Jun 14, 2011 2:28 pm
Posts: 3899
Location: Tinley Park
pizza_Place: zzzzzz

i bonds

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Lay off that whiskey and let that cocaine be.

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newper

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Sat Nov 19, 2022 6:22 pm

Joined: Mon Apr 23, 2007 11:52 pm
Posts: 12559
Location: Ex-Naperville, Ex-Homewood, Now Tinley Park
pizza_Place: Oh I'm sorry but, there's no one on the line

DAC wrote:

i bonds

just missed the 9%

Take a look at yotta if you want some fun.

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"All crowds boycotting football games shouldn't care who sings or takes a knee because they aren't watching." - Nas

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One Post

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Sat Nov 19, 2022 6:58 pm

Joined: Fri Oct 24, 2008 10:28 am
Posts: 4052

blackhawksfan wrote:

Any suggestions? Keeping it in a bank is more like a tax with inflation eating away at it. Thank you in advance. I love you all.

The idea of an emergency fund is to forego any risk of the investment decreasing in value with the understanding that the returns will be pitiful. The return on the emergency fund is to not have to borrow money at high rates to fix the emergency. I run mine through a CD ladder. Not great returns but not zero either.

I do sympathize with the frustration of watching the purchasing power of the cash melt away in this high inflationary environment.

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DAC

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Sun Nov 20, 2022 10:06 am

Joined: Tue Jun 14, 2011 2:28 pm
Posts: 3899
Location: Tinley Park
pizza_Place: zzzzzz

newper wrote:

DAC wrote:

i bonds

just missed the 9%

Take a look at yotta if you want some fun.

Yeah, I maxed that out back in October. Guess the site was crashing right before the deadline. It's still at 6% right now. When we hit Jan 1, I feel better about putting money there than in my Roth.

_________________
Lay off that whiskey and let that cocaine be.

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polster

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Sun Nov 20, 2022 3:40 pm

Joined: Thu Jul 20, 2006 10:49 pm
Posts: 731

You can buy brokered bank CD's (through your brokerage) which offer higher rates than going directly to the bank. Many people don't know about this and its 100% the same FDIC insured up to $250k CDs from the partner banks. Or look into Treasuries bought through a brokerage which are also 100% safe.

The current rates on the 1yr brokered CDS from various banks is ranging from 4.0 to 4.75 yld. depending on the partner bank as of 11/20/22.

https://www.kiplinger.com/personal-fina ... okered-cds

https://www.tdameritrade.com/research/b ... enter.html

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"You know 'that look' women get when they want sex? Me neither" ~Steve Martin

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Bagels

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Mon Nov 21, 2022 1:24 pm

Joined: Wed Nov 01, 2006 1:10 pm
Posts: 32067
pizza_Place: Milano's

betting NBA games and scratch off lottery tix

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Big Brane

Post subject: Re: High yielding account to keep my emergency fund in?

Posted: Mon Nov 21, 2022 4:24 pm

Joined: Mon Jun 27, 2016 12:09 pm
Posts: 382
pizza_Place: Apart Pizza

GOLD! ALASKIN GOLD!

just dont let a BACK STABER like KEEPINGSCORE or TERRYs PEPEE"s in your deal!!!

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High yielding account to keep my emergency fund in?

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