Source?
202020
T-bills are better move than cds. Been playing with some lately.
Personal account?
Business was 3k as of a week ago
Definitely. Also more tax efficient.
Check out the finance buff.
Yea personal.
They were both 3k until yesterday
Not IME. On the personal I opened 2 yrs ago and limit was 250 or 300
Yep it was 3k for about 4 weeks starting in may
Just saw new DPs, USB biz still allowing up to 3k
Merrill Preferred Deposit is paying 5.02% APY as of this post.
Rates are updated daily here:
Key terms (I’ve taken some minor liberties by using plain language for brevity):
- Minimum initial deposit is $100,000.
- A Merrill brokerage account holds the money.
- No ongoing minimum balance (you can transfer out any amount immediately, and there is no ongoing minimum balance to earn the favorable APY).
- Future transfers in have a $1,000 minimum.
- When cash is added it must be converted to Preferred Deposit to earn the APY. This is done online / on a self-service basis.
I just set this up on a trial basis, as I’m drawn to the convenience of having fewer financial relationships, as well as being able to make instant transfers in/out of our Bank of America checking account (vs. waiting for ACHs with external bank accounts).
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I just completed the qualifying period for the $1k C1 360 Performance Savings Account and dropped that into a T-bond at 5.5% yesterday. When my 5.3% with Wealthfront expires in 3 months, I’ll probably do something similar with those dollars unless something more fun comes along.
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Is this still available?
Edit: The answer is No.
Also has the benefit of counting towards preferred rewards, which actually has decent value with 100K in assets.
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Agreed. The 5.3% 
isn’t too bad. 
No, but the $750 chase total business checking is! A little more hoop jumping but a much smaller deposit required
Besides maxing out 401k, back door Roth for myself and my wife, Prepaid College for both my kids, paid off mortgage, and a few hundred-k in brokerage;
Just moved $100k to an 18mo CD @ 5% APR.
I use Ally for High Yield Savings and now CDs.
The High Yield is obviously pushing out 5% at the moment but that won’t last… 5% is good enough for me to lock in for 18mo.
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Why bother with a CD when a savings account with CIT bank pays 5.05%? Genuinely curious. Is there some benefit? Is it simply to lock in the rate for the 18 months where as regular savings fluctuate?
I used to sell on eBay when I was in colllege and they held like $15k of my money for 6 months. The only plus was it was in a money market getting like 5-6% I believe. They did finally release it but all it takes is one person to say you “scammed” them and they lock your account and put it under review.