Marcus rate dropped to 2%
Got an email from Marcus by Goldman Sachs that they're dropping the rate to 2%. Are there better alternatives? TIA
Wealthfront is good but I suspect wealthfront will also drop the rate in near future then...
They’re all doing it. Not worth switching around for .05% Ally just dropped twice in a month and is now below 2.
Vio is still around 2.5%
Wealthfront dropped from 2.57 to 2.37. I suspect they will drop more only if fed cuts the rate in its next meeting (widely expected) . How much is 0.3% worth to you depends on how much you are keeping in your savings.
Ever heard of Maths? Never mind, I will make it simple for you. What is 2.3% of 100? Now... What is 2.3% of 1,000,000. I did it even talk about cumulative percentage, I kept my word...simple.
Wrong! Many of us have cash parked there, waiting for the "crash" so we can start swooping RE deals
You going to spend all that time to get an extra couple bucks of interest at the end of the year?
I think all the companies are dropping the rates
This is how it works. Fed drops rates, drop cascades amongst all interest rates at domestic banks (CDs and mortgages going down too). Macroecon 101. Next effect, reduced marginal propensity to save. Increased international investment. Higher willingness for capital projects
Wealthfront