Online bank savings accounts

[ozzeran]

When I opened my Citi account it was due to their pretty decent savings rate at the time, now it's sitting around .50%.

I am thinking of moving that money to an interest bearing account and found Ally had a 1.09% and AMEX has 1.29%. Both of these are their saving's accounts.

I have a feeling that moving that money into one of those accounts "MIGHT" not be worth it, it could do like my Citi account and dip to .50% at anytime, while I understand this, what do you guy's recommend that would yield a decent rate with NO risk.

I'm not putting it into an IRA or what not right now.

[Denny]

Well... since you asked.

Physical silver. I'm still seeing it bullish long and somewhat short. I think we'll have another good buying opportunity before the year's end. It's a little more volitile than gold, but has been kicking all precious metals' asses for some time. I see no reason why it is going any way but up (with occasional small corrections along the way).

I know some of our "formally educated" members don't see eye to eye with my thoughts, but I can't argue with what it has done since I got heavy into it. That being said, do not act solely from this or any post on here. You need to research all this yourself.

[ozzeran]

I'll read into that some, see if I can grasp any of it.

Are you buying actual silver bars?

[Denny]

I'll read into that some, see if I can grasp any of it.

Are you buying actual silver bars?

Some 10oz bars, some 1oz bars, some 1oz bullion coins, some 1/2oz bullion, some 1oz American Silver Eagles, Some pre-1964 US currency.

[idrivea4banger]

Invest in hookers and blow.

[slow99]

Well... since you asked.

Physical silver. I'm still seeing it bullish long and somewhat short. I think we'll have another good buying opportunity before the year's end. It's a little more volitile than gold, but has been kicking all precious metals' asses for some time. I see no reason why it is going any way but up (with occasional small corrections along the way).

I know some of our "formally educated" members don't see eye to eye with my thoughts, but I can't argue with what it has done since I got heavy into it. That being said, do not act solely from this or any post on here. You need to research all this yourself.

Fyi, anyone who had any licenses, certifications, registrations, etc, and gave this advice would have them immediately stripped and lose their business.

Ozzeran, you asked for alternatives that were "risk free" and not subject to investment risk. You also mentioned in another post that risk free is the key attribute of any alternative. You do not need to be putting funds of this nature in speculative alternatives like silver.

[Denny]

Fyi, anyone who had any licenses, certifications, registrations, etc, and gave this advice would have them immediately stripped and lose their business.

Ozzeran, you asked for alternatives that were "risk free" and not subject to investment risk. You also mentioned in another post that risk free is the key attribute of any alternative. You do not need to be putting funds of this nature in speculative alternatives like silver.

Like I said...

[ozzeran]

What do you suggest Slow99?

I know MMA's are low too, should I just throw that money into another online savings account and see what happens?

[yellowstang]

Put it in a coffee can and bury it in the yard!

[slow99]

What do you suggest Slow99?

I know MMA's are low too, should I just throw that money into another online savings account and see what happens?

I'm very limited to what I can advise on a public message board. I have a couple strategies I use to achieve "risk-free" returns, but unless you have a working knowledge of options, they probably are not suitable for you. Given the info you provided, I'd say money markets, CD's, even TIPS are suitable for your needs. Of course, the standard advice on contributing to 401ks, ROTHS, still applies, but it seems this isn't retirement money, and needed for savings.

[Barbie]

I have the Amex account with my one card I like it. I just left everbank after my 3 month bonus rate. It was 2.25% first 3 months not sure if they are still doing it

[ozzeran]

I have the Amex account with my one card I like it. I just left everbank after my 3 month bonus rate. It was 2.25% first 3 months not sure if they are still doing it

Thanks Barbie.

Slow99: Yeah well right now it's needed to be liquid then as I figure some shit out then I might put it into my existing IRA I have.

I think I may just dump it into AMEX unless I find a better deal and see how it goes. Can always remove it later.

[line-em-up]

...

I'll give you the same kind of deal the banks give you. Paay me whatever you can afford each month. I'll give you 5% interest on it. When you decide to cash it in, I will be nowhere to be found.