The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: felizcortez on December 21, 2016, 01:10:57 PM
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I have checking and savings accounts with Ally Bank and they appear to be running a promotion for a 1.25% 11 Month CD with no Early Withdrawal Penalty. Looks like an easy way to earn a few more bucks on my emergency fund that I have over there for not doing a ton of work and basically no risk. Was wondering if anyone else has signed up for this?
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Are you in Canada or the U.S.?
There are a number of HISAs in Canada that are paying up to 2% interest and you're not locked in. I believe there are some in the U.S. as well.
For Canada, see: https://www.highinterestsavings.ca/chart/
[edit ... 2% not 3%, since EQ lowered their teaser rate.]
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Based in the US. Do you have a link to the US based ones?
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See my post here discussing Lake Michigan Credit Union for a 3% rate up to $15,000:
http://forum.mrmoneymustache.com/investor-alley/how-should-i-choose-between-cds-and-money-market-certificates/msg1346758/#msg1346758
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Great suggestion. We was already using Ally's Online Savings for our EF, might as well earn a few extra dollars per month.
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Thanks for the suggestion, just moved my EF into one.