Wednesday, March 28, 2018

Money Market Rates March 2018

Here are the latest money market interest rates of the banks that I've been tracking on my blog. Note that these rates are sorted by APY, and represent institutions that I have accounts at, or have otherwise mentioned in my blog:

1.65% Popular Direct Savings
1.60% FNBO Direct Online Savings
1.50% Marcus by Goldman Sachs (GS Bank) Online Savings
1.50% Capital One 360 Money Market
1.50% Discover Bank Online Savings
1.45% American Express High Yield Savings
1.45% Ally Bank Online Savings
0.20% Unify FCU Money Market
0.04% Citibank Savings Account
0.04% Chase Plus Savings

In some cases, MMA interest rates are tiered. If this is the case, I usually report the interest rate at the $10,000 tier in these updates. Rates are believed to be accurate as of 3/27/18. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. I am also not including non-liquid accounts such as CD's in the list. I have included one credit union in the list so that readers have a comparison point with banks.

Several other banks have bumped up their money market rates and most of the ones in my list are now paying 1.40% or more. The interest rates are now becoming competitive, and I expect that will be a trend for a while.

The frequent changes show how variable the money market is. Because this is a constantly moving target, it has been very hard to keep track of the rates that I've been getting in my various money market accounts, and this is the main reason I've decided to compile a list of these annual percentage yields.

So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.

PFS

Thursday, February 22, 2018

Credit Card Bonuses February 2018

Save money on purchases and get cash back with coupon codes and the following credit cards:

Citi Dividend Card
  • 5% cash back 1/1/18 - 3/31/18: Gas Stations & Car Rentals
  • 5% cash back 4/1/18 - 6/30/18: The Home Depot & Home Furnishing Stores
  • 5% cash back 7/1/18 - 9/30/18: Airline & Movies
  • 5% cash back 10/1/18 - 12/31/18: Best Buy & Department Stores
  • 1% on everything else.
Discover Card
  • 5% cash back 1/1/18 - 3/31/18: Gas Stations & Wholesale Clubs
  • 5% cash back 4/1/18 - 6/30/18: Grocery Stores
  • 5% cash back 7/1/18 - 9/30/18: Resaurants
  • 5% cash back 10/1/18 - 12/31/18: Amazon.com & Wholesale Clubs
  • up to 1% on everything else.
Barclaycard Arrival World MasterCard (Travel Rewards)
  • 2.1% on travel and dining
  • 1.05% on everything else.
  • No annual fee.
BankAmericard Cash Rewards
  • 3% on gas
  • 2% at grocery stores
  • 2% at wholesale clubs (including Costco)
  • 1% on everything else.
  • No annual fee.
Costco Anywhere Visa Card
This card replaced the Costco TrueEarnings Card from American Express on June 20, 2016.
  • 4% on gas
  • 3% on restaurants and travel
  • 2% at Costco
  • 1% on everything else.
  • There is no annual fee, however you must be a Costco member.
Citi ThankYou Card
  • 2X points on Dining Out & Entertainment
  • 1X points on everything else.
Barclaycard Arrival Plus World MasterCard (Travel Rewards)
  • 2.1% on travel and dining
  • 2.1% on everything else.
  • ($89 annual fee after first year)
PFS

Wednesday, January 10, 2018

Discover Card Not Giving Cash Back at Safeway?

A few years ago, I wrote about getting Cash Back at Supermarkets using a Discover Card. I usually get my cash back from Safeway. This involves using a Discover Card in a supermarket, and then choosing cash back as a option during checkout. This is called a "cash over" option.

A couple months ago, I noticed that Discover Card no longer offers "cash over" when I pay. Have other people noticed this? I would like to hear your experiences.

PFS