Bank giving best Interest rate on a CD
I have around 400k sitting in BoA account and I am not getting any return from it. Which bank provide good rate on a CD? TC 210k
You're trolling.
Assuming you are not trolling. CIT bank, Ally and Barclays offer higher yield. Also, learn to google search for high yield CD or savings account.
Barclays had promo rate above 2% for 12 months term. The website is ugly but you'll need it once or twice.
Credit unions?
Also I hope you're either trolling or have 400k liquid out of like 5m invested around
I am not trolling dude. Was looking for genuine advise. Is 400k a huge amount for you. Thanks to all those who made useful suggestions here.
Well the compound interest on it is kinda big if you let it sit like that. That's again assuming it's not like 5-10% of your worth at most
Buy some investment grade muni bond funds. No fed tax.
🍿 I’m in the same boat
Wealthfront, CIT bank, Simple
Capital One still giving 1.9% for large money market accounts(20k+ I think). That being said investing some of that, even in these questionable times, isn’t a bad idea. The market always goes up with enough time. I’ve yet to do a CD because they aren’t much better than 2% and less liquid for the rate.
What the fuck? How do you get that far without thinking that you should probably do some research on investment / savings / retirement options?
Giving benefit of the doubt, it could have been windfall
To be fair, if you figure that the stock market is right about ready to fall off a cliff after this 11 year bull run, it might make sense as a risky bear bet to hold so much cash.