1% APY Savings Account

A place to discuss anything... except credit cards!
7 posts
darkguy2
Centurion Member
Centurion Member
 
Posts: 607
Joined: Thu Jan 24, 2013 12:24 am
Location: United States

1% APY Savings Account

Postby darkguy2 » Fri Dec 19, 2014 2:59 pm

I just an email today from Barclays that they were raising the interest rate from 0.9% to 1%. Nice little bump.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)


User avatar
PlyrStar93
Centurion Member
Centurion Member
 
Posts: 410
Joined: Wed Jun 04, 2014 1:06 pm
Location: Chicago

Postby PlyrStar93 » Sat Dec 20, 2014 2:12 am

My Discover savings account also had APY increased from 0.85% to 0.9%. Didn't put much money in there, though.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015
All EMV.

ingramjuan
Centurion Member
Centurion Member
 
Posts: 266
Joined: Thu Nov 20, 2014 5:32 pm
Location: EARTH

Postby ingramjuan » Sat Dec 20, 2014 7:32 pm

Nice little bump, I still remember when ING was paying 5%
CARDS:
Capital One Platinum (2001) |Capital One QuickSilver World (2002) | Amex Gold Delta (2013) | Best Buy Visa (2013) |Discover It (2015) | Amex Platinum (2015)

Gardening Since: June, 2015

Next Cards:
Personal: Chase Freedom Unlimited
Business: Amex Plum
Store Card: Lowes

whit
Centurion Member
Centurion Member
 
Posts: 508
Joined: Tue Aug 13, 2013 10:04 pm
Location: ca

Postby whit » Sun Dec 21, 2014 4:39 pm

ingramjuan wrote:Nice little bump, I still remember when ING was paying 5%


i remember when capital 360 was ING

When I was a kid I would see these cubes on corners of banks, first republic in particular offering 4.99APY but than apparently mortgage rates were around 9-10% soooo

Now you see it around 4-5% and interest rates are 1% or less.

User avatar
otter
Centurion Member
Centurion Member
 
Posts: 639
Joined: Sat Aug 24, 2013 8:45 pm
Location: Grand Forks, ND

Postby otter » Mon Dec 22, 2014 1:33 pm

whit wrote:i remember when capital 360 was ING

When I was a kid I would see these cubes on corners of banks, first republic in particular offering 4.99APY but than apparently mortgage rates were around 9-10% soooo

Now you see it around 4-5% and interest rates are 1% or less.


Back in the late 70's, early 80's during the Jimmy Carter stagflation years, savings accounts were close to 10%. I was in elementary school so I've no idea what the mortgage rates were(but probably approached current First Premier Bank CC rates). Those were the not-so-good days of Carter malaise... oil would be gone in 10 years(so they said), hostages in Iran, outrageous prices which only went up, and a military weakened by huge cuts in spending which crippled it. You could get a computer though with a whopping 64kb of memory for $999 though!
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

whit
Centurion Member
Centurion Member
 
Posts: 508
Joined: Tue Aug 13, 2013 10:04 pm
Location: ca

Postby whit » Mon Dec 22, 2014 3:04 pm

and surprisingly people can still afford to buy houses at reasonable price!

here, you can get a brand new spanking condo in a not so nice or crappy area, 1 bedroom, 800k..very modern though

aquarius7373
Gold Member
Gold Member
 
Posts: 25
Joined: Wed Feb 11, 2015 5:45 am
Location: Florida

Postby aquarius7373 » Sat Feb 14, 2015 2:19 pm

I wish I wasn't banking with BBT. They don't seem to have anything good at all. Bad APY, bad credit cards, and bad app support.
[size=60]My Wallet - Primary Cards:
Amex Blue Cash Preferred (25k ~ 6% groceries)
Barclays Sallie Mae (6.3k ~ 5% gas and amazon)
Citi Double Cash Back (5k ~ 2% everything else)

My Wallet - Secondary Cards:
Chase Southwest Business (30k ~ AU)
BBT Visa (10k ~ because visa)
Home Depot Credit (10k)
Amazon Credit (6k)

Not Used:
Cap One Credit (2.15k)
Macy's Charge (1k)
Kohls Charge (1k)
JC Penny Charge (1k)
Macy's Credit (0.5k)

Future Cards:
Cap One Quicksilver Visa (1.5% everything to replace BBT visa)

TCL : $97,950
Credit History : 12 years - always PIF
FICO EQ : 797
FICO TU : 791

I'm a newbie - all advice is appreciated![/size]



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 1 guest