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Dec 30th, 2023
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 interest rates
#12996226
12/15/18 07:34 PM
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Joined: Oct 2000
Posts: 23,388
J.P. Greeson
OP
the janitor
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OP
the janitor
Joined: Oct 2000
Posts: 23,388 |
The thread yesterday about the 2% savings accounts at Ally and American Express got me interested. I opened a 2% account at Ally, but haven't transferred any money there yet. With all the layoffs at Chevrolet, is there any reason to be concerned about Ally's stability? And yes, I know it's FDIC insured.
The solution to any problem - work, love, money, whatever - is to go fishing, and the worse the problem, the longer the trip should be. --John Gierach ![[Linked Image]](https://texasfishingforum.com/forums/pics/userpics/2019/09/full-13-25328-gco.jpg)
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Re: interest rates
[Re: J.P. Greeson]
#12996234
12/15/18 08:05 PM
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Joined: Nov 2009
Posts: 39,372
Dan90210 ☮
Jr Deputy Dan
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Jr Deputy Dan
Joined: Nov 2009
Posts: 39,372 |
No I would not be. They are too big to fail at this point.
PNC has 2.35% with no fees or minimums though. Might as well get everything you can.
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Re: interest rates
[Re: J.P. Greeson]
#12996244
12/15/18 08:22 PM
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Joined: Jun 2011
Posts: 15,832
921 Phoenix
TFF Guru
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TFF Guru
Joined: Jun 2011
Posts: 15,832 |
No such thing as to big to fail
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Re: interest rates
[Re: J.P. Greeson]
#12996260
12/15/18 09:00 PM
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Joined: Jul 2010
Posts: 9,520
TR176
TFF Celebrity
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TFF Celebrity
Joined: Jul 2010
Posts: 9,520 |
As long as you have < $250.000.00 in an account what diff does it make? If the FDIC window to the treasury closes it would make no difference what your money is invested in.
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Re: interest rates
[Re: J.P. Greeson]
#12996283
12/15/18 09:48 PM
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Joined: Jan 2002
Posts: 1,468
gregd
Extreme Angler
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Extreme Angler
Joined: Jan 2002
Posts: 1,468 |
FYI - if you set up "payable on death" beneficiaries, you can go above the $250k with FDIC coverage
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Re: interest rates
[Re: J.P. Greeson]
#12996312
12/15/18 10:43 PM
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Joined: Oct 2000
Posts: 23,388
J.P. Greeson
OP
the janitor
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OP
the janitor
Joined: Oct 2000
Posts: 23,388 |
Anyone else doing business with PNC - www.pnc.com?
The solution to any problem - work, love, money, whatever - is to go fishing, and the worse the problem, the longer the trip should be. --John Gierach
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Re: interest rates
[Re: J.P. Greeson]
#12996342
12/15/18 11:25 PM
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Joined: May 2002
Posts: 5,733
JCG57
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,733 |
Not at this time, but they have been in business for a very long time and unlike the internet banks have actual hard assets, so I would not hesitate to do business with them. Several of my classmates from U. of Pittsburgh business school worked there out of the MBA program.
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Re: interest rates
[Re: J.P. Greeson]
#12996584
12/16/18 07:42 AM
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Joined: Jul 2005
Posts: 10,971
MARKIT
TFF Guru
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TFF Guru
Joined: Jul 2005
Posts: 10,971 |
I used ING years ago with a 5% savings account
it lasted a few years and they stopped the 5% and sold to capitol 1 I think
didnt lose any money
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