I got that email too. Shoot it was 1.35 when I opened my account at the beginning of the year. Interest accrues daily and dividends pay monthly so there's next to no reason not to have an account with them.
6 Figures 6 Certs Random Thoughts Thread
- Thread starter ProfessionallyTrill
- Start date
I got that email too. Shoot it was 1.35 when I opened my account at the beginning of the year. Interest accrues daily and dividends pay monthly so there's next to no reason not to have an account with them.
Got the email as well. I have been with Ally since they were GMAC bank.
I got that email too. Shoot it was 1.35 when I opened my account at the beginning of the year. Interest accrues daily and dividends pay monthly so there's next to no reason not to have an account with them.
I have an Interest Checking and a Money Market with them. But most of my money is in the Savings.
I keep a little in the Money Market since it comes with a debit card...I may need it for emergencies.
Black Cher
All Star
I got that email too. Shoot it was 1.35 when I opened my account at the beginning of the year. Interest accrues daily and dividends pay monthly so there's next to no reason not to have an account with them.
I have an account with Marcus by Goldman Sachs and they just raised their rate to 1.60 if you're interested
Just in the process of opening an account to check them out. Thanks breh.I have an account with Marcus by Goldman Sachs and they just raised their rate to 1.60 if you're interested
I'll keep them in mind. I think I'll use them to hold funds devoted to the stock market but I have student loans I want to get paid off before I get into that. If things continue as they are I can have them paid off in the next 2 and a half years. If I can move into the role I want at work I should get a pay increase which would allow me to knock it out even faster.I have an account with Marcus by Goldman Sachs and they just raised their rate to 1.60 if you're interested
You guys should look into a CIT Bank money market account, it currently beats any high yield savings account on the market right now - with a 1.75% APY and it's FDIC insured just like all the top high yield savings account that's been mentioned so far. Plus it has no monthly fee. Also money market accounts tend to have more options than savings accounts in general.
@Obreh Winfrey @mannyrs13
@Obreh Winfrey @mannyrs13
Secure Da Bag
Veteran
Can't you lose money in Money Market Accounts if the stock market goes south?
Depends on the money market account, in general money market accounts with banks and credit unions are insured by the FDIC and NCUSIF respectively. Like the one I mentioned above offered by CIT Bank. So no, you won't lose your money in that particular account.
Moreover, you're confusing a money market account with a money market fund - which is offered by mutual funds that invests in low-risk, reliable securities and isn't government insured. Money market funds can obviously potentially have a higher rate of return than both money market accounts and high yield saving accounts. However the safety and peace of mind you get with the latter, along with similar APYs makes them better options for the purpose a savings account is typically used for.
I got an email that capital one 360 was going up to 1.60 also. I used to fukk with them before but switched to Ally for the same reason. Hopefully Ally matches soon or goes to 1.65. Looks like a lot of competition now with these banks. Taking an L by not having atleast one of these being discussed.
I REALLY want to start my own consulting company. No offense to anyone, but every time I deal with an Indian recruiter, it makes me want to spit flames. They are hard to understand, they talk fast, they don't give you details, they rush you through conversation and it's always an unpleasant experience. I don't even know where to start for researching and every time I try to find a beginning, I end up with an abundance of information and get overwhelmed. Ugh.
Coli 6 Figures Gang,
I'd like some advice about a side hustle/side income.
Currently I work a pretty good corporate job in the Washington DC area. My rent is very cheap and the only debt I have is about $2,800 from school which should be cleared come July.
My financial goal for this summer (May-August) outside of paying off that little debt is to grow a decent emergency nest egg of about 3 months expenses if I were to lose my job tomorrow.
I save pretty well so I could get the nest egg tucked away with a few paychecks.
On the flip side of things, I need to visit my boy out London. He getting ready to graduate law school and we haven't seens in a few years.
Rather than tap my savings, I'd rather fund my UK trip with side hustle money.
I'm targeting $800-$1000 in side hustle money each month for the 4 month summer.
I can't really do Uber or anything delivery based. My car is old and I'd rather not accelerate its decline since I wanna hold it for another year before I get something else.
Any advice would be appreciated.
Since I got back from vacation I've just been reminded there's no space to be too relaxed. I'm young and the opportunity is out there.
I'd like some advice about a side hustle/side income.
Currently I work a pretty good corporate job in the Washington DC area. My rent is very cheap and the only debt I have is about $2,800 from school which should be cleared come July.
My financial goal for this summer (May-August) outside of paying off that little debt is to grow a decent emergency nest egg of about 3 months expenses if I were to lose my job tomorrow.
I save pretty well so I could get the nest egg tucked away with a few paychecks.
On the flip side of things, I need to visit my boy out London. He getting ready to graduate law school and we haven't seens in a few years.
Rather than tap my savings, I'd rather fund my UK trip with side hustle money.
I'm targeting $800-$1000 in side hustle money each month for the 4 month summer.
I can't really do Uber or anything delivery based. My car is old and I'd rather not accelerate its decline since I wanna hold it for another year before I get something else.
Any advice would be appreciated.
Since I got back from vacation I've just been reminded there's no space to be too relaxed. I'm young and the opportunity is out there.
Cheap rent in DC? How much you paying a month?
I live in Alexandria so I know how expensive DC can get.
$500 for rent, with utilities $580-$600. It's a house and I have 2 roommates. Live in MD, about 15 mins from DC proper. I lucked out because my landlord inherited his house from his parents. He's a Vietnam war vet and is pretty much chilling. My commute is also pretty respectable. About 45 mins one way.
When I got my FT corporate gig I was thinking about moving to some place more "exciting" e.g. Silver Spring or someplace close to Howard U. But everything in that area would easily be double what I'm paying. Now wee no reason for paying that much when I'm only really here to sleep and such. I can put that money to better things.
Ahh okay, roommates. I pay about $1,550 for my one bedroom.
If I end up staying in this area long term I'm buying somewhere in MD. VA is expensive and will probably get more expensive once Amazon moves HQ2 in Nova.
Don't got no advice on a side hustle though...I pretty much just work my day job (DoD) and chill at home. I should probably be looking into one myself.
Waiting on payday to come 
. I'm trying to be real good about not touching the 10%(of pre tax amount) I'm stashing away so I can get this emergency fund in place. It just feels like progress is so slow but maybe that's because I've had to make some large purchases each month this year... At least I'm above the minimum so far.
. I'm trying to be real good about not touching the 10%(of pre tax amount) I'm stashing away so I can get this emergency fund in place. It just feels like progress is so slow but maybe that's because I've had to make some large purchases each month this year... At least I'm above the minimum so far.