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Thread: How to Make Your Money Grow Safely

  1. #1
    Spoofee.com! Spoofee's Avatar
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    Ad How to Make Your Money Grow Safely

    If you have money just sitting in your Checking account, let it grow here.

    If you are afraid interest rates may fall or that the stock market may go down, it might be a good time to lock down with a CD.

    Don't forget FDIC insures up to $250,000

    Savings Accounts ( Can Pull Out Money Anytime )
    - Discover - 2.1% APY ( No minimum )
    - Barclays - 2.20% APY ( No minimum )
    - Synchrony - 2.25% APY ( min of $5000 )
    - Customers Bank - 2.25% ( min of $25k )
    - PNC - 2.35% ( No min )
    - CIT Bank - 2.4% ( min of $25k )
    - Popular Direct - 2.36% APY ( min of $5000 )
    - Bank of America - 0.03% ( don't consider )

    Certificate of Deposit CD - ( Cannot Pull Out Anytime )
    If you don't mind keeping your money in the bank for a certain time, CD (Certificate of Deposit) would give you a slightly better rate and rates will not change for that time period.
    - 9 Months - CDBank - 2.45% ( min of $10000 )
    - 1 Year - Popular Direct - 2.6% ( min of $10k )
    - 1 Year - Discover - 2.65% ( min of $2.5k )
    - 1 Year - CDBank - 2.85% ( min of $10000 )
    - 1 Year - Synchrony Bank 2.7% APY ( min of $2k )
    - 1 Year - Merrick Bank 2.87% APY (min of $25k )
    - 18 Months - Popular Direct 2.67% APY ( min of $10000 )
    - 18 Months - CDBank - 2.9% ( min of $10000 )
    - 2 Years - Discover - 2.7% ( min of $2.5k )
    - 2 Years - Popular Direct 2.7% APY ( min of $10000 )
    - 2 Years - Synchrony Bank 2.8% APY ( min of $2k )
    - 2 Years - CDBank - 2.95% ( min of $10000 )
    - 3 Years - Synchrony Bank 2.85% APY ( min of $2k )
    - 3 Years - Popular Direct 2.85% APY ( min of $10000 )
    - 3 Years - Comenity 3% APY ( min of $1.5k )
    - 4 Years - Synchrony Bank 2.9% APY ( min of $2k )
    - 4 Years - Popular Direct 2.9% APY ( min of $10000 )
    - 4 Years - Comenity 3.05% APY ( min of $1.5k )
    - 5 Years - Discover - 3% ( min of $2.5k )
    - 5 Years - Popular Direct 3% APY ( min of $10000 )
    - 5 Years - Synchrony Bank 3.1% APY ( min of $2k )
    - 5 Years - Comenity 3.15% APY ( min of $1.5k )

    Foreign Currency CDs
    With the government printing a lot of money, fear of inflation is roaming around. You can put money in foreign currency CDs to protect yourself
    - TiaaBank Foreign CDs ( min $10000, protected by FDIC )
    - Commodities (gold/silver) were also known to be safe havens
    - CoinBase - Crypto Currencies were also known to be a hedge against inflation, but it's too volatile to be for you to have good sleep

    Misc
    - Discuss other Financial Tips here
    Last edited by Spoofee; 05-25-2019 at 05:01 AM.
    Thank you for using Spoofee.com

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  3. #2
    L12 Sergeant thoreau's Avatar
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    Anyone have experience with this Broadway Federal, or know of any gotchas with that rate? As sad as it is, that seems like a too good to last kind of rate.

  4. #3
    L8 Private SickNic's Avatar
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    Thanks, signed up for one of those. It will be easier to save money if I don't have a bank around me.

  5. #4
    L6 Recruit jopoe's Avatar
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    Quote Originally Posted by thoreau View Post
    Anyone have experience with this Broadway Federal, or know of any gotchas with that rate? As sad as it is, that seems like a too good to last kind of rate.

    here is where I put my 6-month raining fund. works out really good for the last 8 months.
    http://www.aafcu.com/ContactAAFCU/Pr...xChecking.aspx

  6. #5
    L15 Officer Mortiki's Avatar
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    craptastic, thanks anyway, i'll just stuff it in my mattress

  7. #6
    L12 Sergeant thoreau's Avatar
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    Quote Originally Posted by jopoe View Post
    here is where I put my 6-month raining fund. works out really good for the last 8 months.
    http://www.aafcu.com/ContactAAFCU/Pr...xChecking.aspx
    Too many requirements, I'm self-employed so I don't have anything to direct deposit. Also no way I'd use my debit card often enough without slipping up regularly.

    Thanks Though

  8. #7
    L11 Sergeant SuperTightWad's Avatar
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    Ahh, the beauty of the fractional reserve ratio, yet we still don't see anything close to the 9X + 9X*core + 9X*markup%. Even with the monstrous overhead, it seems 50% interest would be fair? Except for the insane inflation that would cause, and the good faith and credit (the basis of our monetary policy) that would destroy. It really is better they use that money to purchase the rest of the world first...

  9. #8
    L0 N00b shadow0000's Avatar
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    Well i put it in a safety place so that no one can stole it.... Just kidding!!! Oh well thank you for your offer for making grow my money in a low interest...

  10. #9
    L13 Sergeant elgrangus's Avatar
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    Quote Originally Posted by jopoe View Post
    here is where I put my 6-month raining fund. works out really good for the last 8 months.
    http://www.aafcu.com/ContactAAFCU/Pr...xChecking.aspx
    Does not appear to be FDIC Insured.

  11. #10
    L0 N00b ypc77's Avatar
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    GMAC Bank - http://www.gmacbank.com
    Currently, 2.75% for Online Savings Account & 2.25% for Money Market Savings Account
    Best of all, it's FDIC Insured.

  12. #11
    L13 Sergeant elgrangus's Avatar
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    Broadway Bank went down to 3.5%
    Where do you see these rates spoofee?

  13. #12
    L9 Corporal kmcheng's Avatar
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    stuff the money in your mattress may be better, lol
    but remember not to throw it out, or you will be finding it like crazy like the family in Israel's case

  14. #13
    proud grandma of parker smidge1's Avatar
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    mattress what mattress, tee hee. i sleep with the cows.

  15. #14
    L4 Member cdg110's Avatar
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    Irwin Union Bank, FDIC. 11 Month $20000 CD pays 2.35 % APR and a free 22" LCD TV. Also can get the TV promotion if you open a $5000 checking account for 11 months.
    IrwinUnion.com, look for the HD Summer promotion.

  16. #15
    L8 Private matt0424's Avatar
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    i just checked it and it is only 2.21% now. no longer 2.35%
    n/a

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