Cash account that earns interest?

[cantdrv55]

Is there such a thing nowadays? The best my bank can do is 0.4%. Where do you stash your cash?

[smadsen]

Stash you cash in a "thing" that will appreciate. Or wait for the Fed to move interest rates against inflation.

[MRM]

You could put it into a Treasury Inflation Protected Security (TIPS). Here’s a newsletter article on TIPS. https://www.fidelity.com/learning-center/trading-investing/tips-and-inflation?ccsource=email_weekly_0729S05

Or you could just buy short term US bonds.

[DerkPerk]

Check with your local credit unions. Not sure what amount you’re taking about but we get 3% on our checking, with less than 10k balance and 2% on a standard savings account. Decent for “straight cash homie”.


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[GH85Carrera]

Originally Posted by DerkPerk

Check with your local credit unions. Not sure what amount you’re taking about but we get 3% on our checking, with less than 10k balance and 2% on a standard savings account. Decent for “straight cash homie”.


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This.

Our credit union has a program the pays 3.5% right now (Click Checking) on money in my checking account up to 20K. The money above that is just 2%.

I have to use the debit card at least 10 times per month, and do at least one electronic transfer, and pay at least one utility bill electronically. I pay all my bill that way so that is a breeze. The debit card is easy as I use it at the local stores I frequent often and make three purchases in a day. Buy some bananas and apples at one store, beer at the local convenience store and bam, two purchases.

They have had that program in place for years now and I have more money in my checking account than ever in the past.

[wdfifteen]

I keep some of my cash in Kasasa bank. They pay 2% on checking accounts with a debit card on balances up to $25,000, plus 1% on a linked savings account balances up to $50,000. The catch is you must sign up for on-line banking and use the debit card 12 times a month. MrsWD and I each have accounts. We use her debit card until we hit 12 swipes, then switch to mine. We only use the debit cards locally, so it takes a bit of management to get 24 swipes in a month.

[stomachmonkey]

Hookers n blow.

Not buying them mind you rather financing operations.

[Nickshu]

Money market will earn a bit more, but high(er) minimum balance required.

[wdfifteen]

Originally Posted by GH85Carrera

Our credit union has a program the pays 3.5% right now (Click Checking) on money in my checking account up to 20K. The money above that is just 2%.

This is great! I went to the TFCU web site and didn't see any residence restrictions. Do you know if anyone anywhere can open an account there?

[cantdrv55]

Please pass on your CU’s name. My CU offers 0.4 at the most. Thanks guys.

[wdfifteen]

Tulsa Federal Credit Union

[cantdrv55]

Thanks WD!

[Paul_Heery]

I'm not seeing anything that even comes near 3.5%. Am I on the right site?

https://tulsafederalcu.org/rates/deposits-and-investments-rate-schedule/

[wdfifteen]

Originally Posted by Paul_Heery

I'm not seeing anything that even comes near 3.5%. Am I on the right site?

https://tulsafederalcu.org/rates/deposits-and-investments-rate-schedule/

It took me to “Tinker” not “Tulsa” - Sorry.
I found it by searching “Click Checking”. I took Glen’s word for the rate. It’s not 3.5 percent there. As far as I can tell it’s 1.25
The “Tulsa FCU” site doesn’t appear to give a rate for checking, so maybe it is 3.5% there? Looks like you have to call them.

[GH85Carrera]

This is the web site: https://www.tinkerfcu.org/checking/click-checking/

They used to require some affiliation to the armed services. My dad was an Air Force member and my wife was a member of TFCU before we got married. I think the rules to join are fairly relaxed.

When they started that Click Checking program it was 4% but it dropped after a while. I really don't pay attention to the rate and there are some other things I forgot. Direct deposits and electronic statements.

Just check out https://www.tinkerfcu.org/checking/click-checking/

All the requirements were things I did already, so it was a no effort deal for us.

[stevej37]

.35% is closer to reality here.

[GH85Carrera]

Originally Posted by stevej37

.35% is closer to reality here.

OK, I jut pulled up my statement. The rate has dropped to just 1.26% currently. The good ol days of the higher rates on the "Click Checking account" are gone with the FED keeping Prime so low.

Still, 1.26% is way better than any CD I can get.

Honestly I don't watch the details that close. I use it for all my personal bills, and pay everything including my yard spraying and all utilities with electronic payments for no charge.

[DerkPerk]

Looks like we are down to 2% in the checking.

http://forums.pelicanparts.com/bcu.org for those wondering.


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[flatbutt]

P U!!
https://www.depositaccounts.com/banks/north-jersey-cu.html

[stevej37]

https://money.usnews.com/banking/lt-savings-accounts

They must have forgot some banks/cu.