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Big_Dub
I'm just some guy



Registered: 01/12/11
Posts: 2,639
Loc: Los Angeles
Last seen: 8 hours, 44 minutes
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CD / HYSA
#28211558 - 03/02/23 07:25 PM (10 months, 21 days ago) |
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Certificate of deposit and high yield savings account.
Any opinions?
I have some cash sitting in my bedroom that I don't plan on spending anytime soon.
Is it worth it to throw it into a CD? I know inflation is crazy. But wouldn't the interest earned be better than it just sitting in my room?
What about HYSA?
-------------------- split_by_nine said: click me you fuck do the right thing
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,417
Loc: city of angels
Last seen: 3 hours, 53 minutes
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Re: CD / HYSA [Re: Big_Dub]
#28212285 - 03/03/23 10:15 AM (10 months, 21 days ago) |
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https://www.treasurydirect.gov/savings-bonds/i-bonds/
Set up an account at TreasuryDirect.gov, buy up to $10K/year worth of Series I bonds. These adjust semi-annually to prevailing inflation, currently paying 6.89%. Minimum one year lockup on initial investment, then if you cash out in less than 5 years, you forfeit the prior 3 months worth of accrued interest. Cashing out after five years incurs no penalty, and the bond automatically cashes out its total accrued value at 30 years. Interest is compounded semi-annually. Even if you cash out prior to 5 years and incur the 3 month interest penalty, these are worth it. The best prevailing CD rates are currently around 4.5%. Both the Series I and CD’s are government guaranteed and/or insured, so these are the lowest risk way to put idle cash to work, and the Series I offers the highest return doing so.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Big_Dub
I'm just some guy



Registered: 01/12/11
Posts: 2,639
Loc: Los Angeles
Last seen: 8 hours, 44 minutes
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Thanks man. I'll look onto this
-------------------- split_by_nine said: click me you fuck do the right thing
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
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Re: CD / HYSA [Re: Big_Dub]
#28212994 - 03/03/23 06:58 PM (10 months, 20 days ago) |
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For more flexibility I go with high interest savings accounts. Shop around for rates. Take your money out whenever you want with no penalty.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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Big_Dub
I'm just some guy



Registered: 01/12/11
Posts: 2,639
Loc: Los Angeles
Last seen: 8 hours, 44 minutes
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I put a little in a CD just to do it.
And have been putting much more into an HYSA.
HYSA seems like a great way to make 4.5% on cash.
Still toying around with treasury stuff but hoping to learn more
-------------------- split_by_nine said: click me you fuck do the right thing
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: CD / HYSA [Re: Big_Dub]
#28547711 - 11/18/23 10:07 AM (2 months, 9 days ago) |
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Depends on your needs. Probably obvious the HYSA has the advantage of being totally flexible.
CDs and I-bonds have been mentioned. Those may get you a percent or two with the risk of locking up your money for a short period of time. Personally, I don't do CDs and just stick with the HYSA.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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Big_Dub
I'm just some guy



Registered: 01/12/11
Posts: 2,639
Loc: Los Angeles
Last seen: 8 hours, 44 minutes
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I'm loving the HYSA. starting to build a t bill ladder, easy hands off stuff while I earn more money
-------------------- split_by_nine said: click me you fuck do the right thing
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