tag:blogger.com,1999:blog-54346759093140409252024-03-08T03:34:19.913-08:00PFStock.comProviding Food for Thought and helping you to reach the Pinnacle of your Finances since 2006. PF Stock: A Personal Finance blog about saving money, banking, credit cards, Stock investing, and brokerages.pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.comBlogger251125tag:blogger.com,1999:blog-5434675909314040925.post-21134730438472536242023-12-20T14:00:00.000-08:002023-12-20T14:00:01.864-08:00Money Market Rates December 2023Here 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:<div><br /></div>5.15% FNBO Direct Online Savings<br />5.15% EverBank Performance Savings<br />5.15% Bread Savings High-Yield Savings<br />5.05% CIT Bank Platinum Savings<br />4.75% Synchrony High Yield Savings<br />4.50% Marcus by Goldman Sachs (GS Bank) Online Savings<br />4.35% Capital One 360 Performance Savings<br />4.35% Discover Bank Online Savings<br />4.35% American Express High Yield Savings<br />4.25% Ally Bank Online Savings <br />0.65% Unify FCU Money Market<br />0.03% Citibank Savings Account<br />0.02% Chase Plus Savings<div><div class="post-body entry-content" style="line-height: 1.3em; margin: 0px 0px 0.75em;"><br />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 12/20/23. 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.<br /><br />In the past year or so, most banks have increased their interest rates due to market conditions. However, there are a few large banks that have stubbornly refused to match the rates offered by competing banks.<br /><br />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.<br /><br />So, that is the latest
list of money market rates. Please let me know if you know of any higher
interest rates.</div><div class="post-body entry-content" style="line-height: 1.3em; margin: 0px 0px 0.75em;"><br /></div>
</div>
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-45563981214807019082020-08-14T10:00:00.001-07:002020-08-14T10:00:04.943-07:00Credit Card Bonuses - Q3 2020Save money on purchases and get cash back with coupon codes and the following credit cards:<br /><br /><b>Citi Dividend Card</b><br /><ul><li>5% cash back 7/1/20 - 9/30/20: Home Improvement Stores and Popular Streaming Services</li><li>5% cash back 10/1/20 - 12/31/20: TBA</li><li>1% on everything else.</li></ul><b>Discover Card</b><br /><ul><li>5% cash back 7/1/20 - 9/30/20: Restaurants and PayPal</li><li>5% cash back 10/1/20 - 12/31/20: Amazon.com, Walmart.com and Target.com </li><li>up to 1% on everything else.</li></ul><b>Barclaycard Arrival World MasterCard (Travel Rewards)</b><br /><ul><li>2.1% on travel and dining</li><li>1.05% on everything else.</li><li>No annual fee.</li></ul><b>BankAmericard Cash Rewards</b><br /><ul><li>3% on a selected category (gas, dining, drug stores, home improvement/furnishings, online shopping, or travel)</li><li>2% at grocery stores and wholesale clubs (including Costco)</li><li>1% on everything else.</li><li>No annual fee.</li><li>Note: Rewards are higher if you have a Bank of America checking or savings account.</li></ul><b>Costco Anywhere Visa Card</b><br /><ul><li>4% on gas</li><li>3% on restaurants and travel</li><li>2% at Costco</li><li>1% on everything else.</li><li>There is no annual fee, however you must be a Costco member.</li></ul><b>Citi ThankYou Card</b><br /><ul><li>2X points on Dining Out & Entertainment</li><li>1X points on everything else.</li></ul><b>Barclaycard Arrival Plus World MasterCard (Travel Rewards)</b><br /><ul><li>2.1% on travel and dining</li><li>2.1% on everything else.</li><li>($89 annual fee after first year)</li></ul>PFS<div><br /></div>pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-50532379185564309872020-06-11T08:00:00.000-07:002020-06-11T08:00:09.960-07:00Money Market Rates June 2020Here 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:<br />
<br />
1.30% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.25% Ally Bank Online Savings<br />
1.15% American Express High Yield Savings<br />
1.15% Capital One 360 Performance Savings<br />
1.15% Discover Bank Online Savings<br />
1.00% FNBO Direct Online Savings<br />
0.20% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.02% Chase Plus Savings<br />
<br />
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 6/10/20. 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.<br />
<br />
In the past, most banks offered CDs that pay significantly more than their money market offerings. However, this doesn't seem to be the case currently. Overall, bank account interest rates are dropping across the board.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFSpfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-21426330600752492252020-04-27T06:30:00.000-07:002020-04-27T06:30:15.689-07:00Money Market Rates April 2020Here 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:<br />
<br />
1.55% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.50% American Express High Yield Savings<br />
1.50% Capital One 360 Performance Savings<br />
1.50% Ally Bank Online Savings<br />
1.40% Discover Bank Online Savings<br />
1.00% FNBO Direct Online Savings<br />
0.40% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.02% Chase Plus Savings<br />
<br />
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 4/24/20. 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.<br />
<br />
In fairness to the bottom three institutions on my list (Unify FCU, Citibank, and Chase), money market accounts are not their strong suit. Each of these offers short-term CDs that pay significantly more than their money market offerings. If your financial institution doesn't have a decent money market, you may investigate if they have any competitive CD rates.<br />
<br />
Overall, MM account interest rates are dropping. Notably, the Ally Bank Online Savings account was paying 2.20% as recently as June 2019, and has now dropped to 1.50%. It will be interesting to see if the rates will continue to go down, or stabilize from here.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com2tag:blogger.com,1999:blog-5434675909314040925.post-29255672707778959042020-02-12T09:00:00.000-08:002020-02-12T09:00:04.014-08:00Money Market Rates February 2020Here 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:<br />
<br />
1.70% FNBO Direct Online Savings<br />
1.70% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.70% Capital One 360 Money Market<br />
1.70% American Express High Yield Savings<br />
1.60% Discover Bank Online Savings<br />
1.60% Ally Bank Online Savings<br />
0.50% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 2/11/20. 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.<br />
<br />
In fairness to the bottom three institutions on my list (Unify FCU, Citibank, and Chase), money market accounts are not their strong suit. Each of these offers short-term CDs that pay significantly more than their money market offerings. If your financial institution doesn't have a decent money market, you may investigate if they have any competitive CD rates.<br />
<br />
Overall, MM account interest rates are continuing to fall. Notably, the Ally Bank Online Savings account was paying 2.20% as recently as June 2019, and has now dropped to 1.60%. It will be interesting to see if the rates will continue to go down, or stabilize from here.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com3tag:blogger.com,1999:blog-5434675909314040925.post-3862035515576609952019-12-21T10:00:00.000-08:002019-12-21T10:00:02.618-08:00Money Market Rates December 2019Here 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:<br />
<br />
1.80% FNBO Direct Online Savings<br />
1.70% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.70% Capital One 360 Money Market<br />
1.70% Discover Bank Online Savings<br />
1.70% American Express High Yield Savings<br />
1.60% Ally Bank Online Savings<br />
0.50% Unify FCU Money Market<br />
0.06% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 12/20/19. 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.<br />
<br />
In fairness to the bottom three institutions on my list (Unify FCU, Citibank, and Chase), money market accounts are not their strong suit. Each of these offers short-term CDs that pay significantly more than their money market offerings. If your financial institution doesn't have a decent money market, you may investigate if they have any competitive CD rates.<br />
<br />
Overall, MM account interest rates are continuing to fall. Notably, the Ally Bank Online Savings account was paying 2.20% as recently as June 2019, and has now dropped to 1.60%. It will be interesting to see if the rates will continue to go down, or stabilize from here.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-21297759703126899042019-10-11T06:30:00.000-07:002019-10-11T06:30:07.575-07:00Money Market Rates Are FallingHere 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:<br />
<br />
2.00% FNBO Direct Online Savings<br />
1.90% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.90% Capital One 360 Money Market<br />
1.90% American Express High Yield Savings<br />
1.90% Discover Bank Online Savings<br />
1.80% Ally Bank Online Savings<br />
0.50% Unify FCU Money Market<br />
0.06% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 10/10/19. 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.<br />
<br />
In fairness to the bottom three institutions on my list (Unify FCU, Citibank, and Chase), money market accounts are not their strong suit. Each of these offers short-term CDs that pay significantly more than their money market offerings. If your financial institution doesn't have a decent money market, you may investigate if they have any competitive CD rates.<br />
<br />
Overall, MM account interest rates are continuing to fall. Notably, the Ally Bank Online Savings account was paying 2.20% as recently as June 2019, and has now dropped to 1.80%. It will be interesting to see if the rates will continue to go down, or stabilize from here.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-64726826276871331312019-09-17T06:00:00.000-07:002019-09-17T06:00:09.357-07:00Money Market Rates September 2019Here 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:<br />
<br />
2.00% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
2.00% FNBO Direct Online Savings<br />
2.00% Capital One 360 Money Market<br />
1.90% American Express High Yield Savings<br />
1.90% Discover Bank Online Savings<br />
1.90% Ally Bank Online Savings<br />
0.50% Unify FCU Money Market<br />
0.06% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 9/16/19. 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.<br />
<br />
In fairness to the bottom three institutions on my list (Unify FCU, Citibank, and Chase), money market accounts are not their strong suit. Each of these offers short-term (1 year and less) CDs that pay approximately in the 1.75-2.00% range. If your financial institution doesn't have a decent money market, you may investigate if they have any competitive CD rates. <br />
<br />
Most noticeably, MM account interest rates are continuing to slowly drop. However for a long while, there was a significant uptrend in money market rates. It will be interesting to see if the rates will continue to go down, or stabilize from here.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-61489908410369870312019-07-16T07:30:00.000-07:002019-07-16T07:30:07.345-07:00Citi Cards Eliminates Cardholder BenefitsCitibank will eliminate many cardholder benefits on most of their credit cards, including the Citi Dividend Card, Citi AAdvantage Platinum Select World Elite Mastercard, Costco Anywhere Visa Card, and many others. These benefits include the Citi Price Rewind, and trip cancellation and interruption protection benefits. The changes will be effective as of 09/22/19.<br />
<br />
Here are some details that I have retrieved from the Citibank website:<br />
<blockquote>
What changes are being made to my card benefits? <br />
<br />
Effective September 22, 2019, Worldwide Car Rental Insurance, Trip Cancellation & Interruption Protection, Worldwide Travel Accident Insurance, Citi® Price Rewind, 90 Day Return Protection, Damage & Theft Purchase Protection, and Extended Warranty will be discontinued and will no longer be provided for purchases made on or after that date.</blockquote>
What sort of reaction have people do people have? If you have a Citibank credit card, tell us what you think.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-81216164804641793702019-05-16T08:00:00.000-07:002019-05-16T08:00:03.419-07:00Credit Card Bonuses - Spring 2019Save money on purchases and get cash back with coupon codes and the following credit cards:<br />
<br />
<b>Citi Dividend Card</b><br />
<ul>
<li>5% cash back 4/1/19 - 6/30/19: Drugstores & Fitness Clubs</li>
<li>5% cash back 7/1/19 - 9/30/19: Airlines & Car Rentals</li>
<li>5% cash back 10/1/19 - 12/31/19: Best Buy & Department Stores</li>
<li>1% on everything else.</li>
</ul>
<b>Discover Card</b><br />
<ul>
<li>5% cash back 4/1/19 - 6/30/19: Gas Stations, Uber and Lyft</li>
<li>5% cash back 7/1/19 - 9/30/19: Restaurants and PayPal</li>
<li>5% cash back 10/1/19 - 12/31/19: Amazon.com, Target and Walmart.com</li>
<li>up to 1% on everything else.</li>
</ul>
<b>Barclaycard Arrival World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>1.05% on everything else.</li>
<li>No annual fee.</li>
</ul>
<b>BankAmericard Cash Rewards</b><br />
<ul>
<li>3% on a selected category (gas, dining, drug stores, home improvement/furnishings, online shopping, or travel)</li>
<li>2% at grocery stores and wholesale clubs (including Costco)</li>
<li>1% on everything else.</li>
<li>No annual fee.</li>
<li>Note: Rewards are higher if you have a Bank of America checking or savings account.</li>
</ul>
<b>Costco Anywhere Visa Card</b><br />
<ul>
<li>4% on gas</li>
<li>3% on restaurants and travel</li>
<li>2% at Costco</li>
<li>1% on everything else.</li>
<li>There is no annual fee, however you must be a Costco member.</li>
</ul>
<b>Citi ThankYou Card</b><br />
<ul>
<li>2X points on Dining Out & Entertainment</li>
<li>1X points on everything else.</li>
</ul>
<b>Barclaycard Arrival Plus World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>2.1% on everything else.</li>
<li>($89 annual fee after first year)</li>
</ul>
PFSpfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com2tag:blogger.com,1999:blog-5434675909314040925.post-36159388386327456332019-03-19T09:00:00.000-07:002019-03-19T09:00:01.191-07:00Money Market Rates March 2019Here 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:<br />
<br />
2.25% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
2.25% FNBO Direct Online Savings<br />
2.20% Ally Bank Online Savings<br />
2.10% American Express High Yield Savings<br />
2.10% Discover Bank Online Savings<br />
2.00% Capital One 360 Money Market<br />
0.50% Unify FCU Money Market<br />
0.06% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 3/18/19. I did not include banks that had special, or introductory rates in the list because they are not ongoing interest rates. (For example, Citibank currently offers a competitive (2.15%) promotional savings rate. However, it requires a $25,000 deposit of "new money" and drops back to their standard rate after 90 days.) 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.<br />
<br />
Most of the better MM accounts are now offer a rate of 2.00% or higher. The interest rates are now very competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-84830580388378396652019-01-16T08:30:00.000-08:002019-01-16T08:30:05.444-08:00Money Market Rates January 2019Here 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:<br />
<br />
2.25% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
2.15% FNBO Direct Online Savings<br />
2.10% American Express High Yield Savings<br />
2.10% Discover Bank Online Savings<br />
2.00% Ally Bank Online Savings<br />
2.00% Capital One 360 Money Market<br />
0.50% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 1/15/19. 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.<br />
<br />
Most of the better MM accounts are now offer a rate of 2.00% or higher. The interest rates are now very competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFSpfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com8tag:blogger.com,1999:blog-5434675909314040925.post-53232213067557892542018-11-27T06:30:00.000-08:002018-11-27T06:30:09.908-08:00Money Market Rates November 2018Here 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:<br />
<br />
2.05% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
2.00% FNBO Direct Online Savings<br />
2.00% Ally Bank Online Savings<br />
2.00% American Express High Yield Savings<br />
2.00% Discover Bank Online Savings<br />
2.00% Capital One 360 Money Market<br />
0.50% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 11/26/18. 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.<br />
<br />
Most of the better MM accounts are now offer a rate of 2.00% or higher. The interest rates are now very competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com4tag:blogger.com,1999:blog-5434675909314040925.post-45942081597497486842018-09-21T07:00:00.000-07:002018-09-21T07:00:07.683-07:00Money Market Rates September 2018Here 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:<br />
<br />
1.90% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.85% FNBO Direct Online Savings<br />
1.85% Capital One 360 Money Market<br />
1.85% Ally Bank Online Savings<br />
1.80% American Express High Yield Savings<br />
1.80% Discover Bank Online Savings<br />
0.50% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 9/20/18. 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.<br />
<br />
Several of the high end MM accounts are now offer a rate of 1.80% to 1.90%. The interest rates are now very competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com2tag:blogger.com,1999:blog-5434675909314040925.post-46820999966609737902018-07-20T12:30:00.000-07:002018-07-20T12:30:06.841-07:00Current Money Market RatesHere 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:<br />
<br />
1.80% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.75% FNBO Direct Online Savings<br />
1.75% Ally Bank Online Savings<br />
1.75% American Express High Yield Savings<br />
1.75% Discover Bank Online Savings<br />
1.75% Capital One 360 Money Market<br />
0.50% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 7/19/18. 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.<br />
<br />
Several of the high end MM accounts are now offer a rate of 1.75%. This rate is higher than most of the short-term (1 year or less) CDs that I could find. I have a couple of CD accounts that I will now consider closing at maturity or sooner. The interest rates are now very competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFSpfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-9924209922189044182018-06-16T09:30:00.000-07:002018-06-16T09:30:10.217-07:00Money Market Rates June 2018Here 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:<br />
<br />
1.75% FNBO Direct Online Savings<br />
1.70% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.65% Ally Bank Online Savings<br />
1.65% American Express High Yield Savings<br />
1.65% Discover Bank Online Savings<br />
1.60% Capital One 360 Money Market<br />
0.20% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 6/15/18. 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.<br />
<br />
So, the high end of these MM rates is now at 1.75%. This rate is higher than most of the short-term (1 year or less) CDs that I could find. I have a couple of CD accounts that I will now consider closing at maturity or sooner.<br />
<br />
Several other banks have bumped up their money market rates and most of the ones in my list are now paying 1.60% or more. The interest rates are now becoming competitive, and I expect that will be a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-3883210782310499102018-05-11T15:20:00.000-07:002018-05-11T15:20:07.923-07:00Get the Money You Need Despite Bad Credit with These Loan OptionsIt takes but an instant to ruin your credit history and what seems like a lifetime to improve it. Though you may have been dealt a bad hand that resulted in the demise of your credit score, there are ways to bounce back. As you start to recover from the poor financial decisions of the past, however, that doesn’t mean that something can’t arise requiring you to have the cash to deal with it. If you’ve got bad credit, you may be thinking there isn’t much hope for getting fast cash, however, the opposite is quite true. Below are a few types of loans that may help you out.<br />
<br />
<b>Payday Loans</b><br />
Perhaps the most common loans for people with bad credit is the payday loan. These are very short-term loans through mostly online lenders. They don’t require you to have any collateral, your credit doesn’t have to be exemplary, and you don’t need a lot of financial documentation to apply. Most applications are completed online and only take a few minutes.<br />
<br />
To be eligible you’re required to be at least 18 years old, have an income that meets their minimum monthly requirements, and be the holder of a checking account in good standing. If approved for the loan, borrowers generally receive their funds deposited into their account within 24-48 hours.<br />
<br />
There is a catch, however. Payday loans are thought of as predatory financial products because they prey on the pockets of those who are already in financial trouble. With these loans, you’re expected to pay them back within 14 days (or your next scheduled payday) to avoid paying high fees. An extension fee which can range in amounts and is based on what you've borrowed and the lender you chose, is an option. However, continually extending the due date on your loan increases the amount of money you’ve paid to the lender and does nothing towards the principal balance or interest rates on the bad credit loan. Therefore, this is only ideal if you need to borrow a few hundred bucks and can pay it back on your next paycheck.<br />
<br />
<b>Installment Loans</b><br />
Short-term installment loans are <a href="https://www.bluetrustloans.com/">payday loan alternatives</a>. They too are geared towards consumers with bad credit, however, there are some significant differences. The eligibility requirements are the same and funds will be deposited into your account within one business day. Eligible applicants can get anywhere from $100 to $1250 within 24 hours to do handle their financial problem.<br />
<br />
The difference between an installment loan and a payday loan is the repayment options. With a payday loan, you’re expected to repay within 14 days, which may not work for your budget, forcing you to pay for an extension after extension. An installment loan, on the other hand, breaks your loan balance and interest down into smaller amounts allowing you to repay your debt over the course of a few months. This tends to fit in the budget a bit better and lessens the likelihood that you’ll end up in a web of debt.<br />
<br />
<b>Credit Rebuilder Loans</b><br />
If your need for cash isn’t urgent and you’d like to borrow money while improving your credit, a <a href="https://www.nerdwallet.com/blog/finance/what-is-credit-builder-loan/">credit rebuilder loan</a> may be the best option for you. It works very similarly to a secured credit card. Instead of a lender asking you for an asset as collateral to lower your risk as a borrower, they will instead require you to make a cash deposit into your checking or savings account. The amount you deposit is the loan amount.<br />
<br />
For example, let's say you want to borrow $500. The lender would deposit $500 into an account (not for your use yet). You’d then make payments each month, including interest until you’ve reached $500. The lender reports these timely payments to the credit bureau which helps to improve your credit. Once you’ve made all scheduled payments, the $500 is then released for your use.<br />
<br />
Having bad credit really does present a challenge when you’re in financial need, however, it is not the end of the world. There are lenders out there who are still willing to take a chance on you despite what your financial past looks like. If you’ve found yourself in a jam, are in need of extra cash, or simply want to improve your credit score, consider the options above. Whether you opt for a <a href="http://www.pfstock.com/2010/09/how-payday-loans-work.html">payday loan</a>, installment loan, or credit rebuilder loan, be sure to borrow responsibly to avoid further negative action on your credit report.pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com20tag:blogger.com,1999:blog-5434675909314040925.post-73713041212947225262018-04-27T10:00:00.000-07:002018-04-27T10:00:21.900-07:00Credit Card Bonuses Q2 2018Save money on purchases and get cash back with coupon codes and the following credit cards:<br />
<br />
<b>Citi Dividend Card</b><br />
<ul>
<li>5% cash back 4/1/18 - 6/30/18: The Home Depot & Home Furnishing Stores</li>
<li>5% cash back 7/1/18 - 9/30/18: Airline & Movies</li>
<li>5% cash back 10/1/18 - 12/31/18: Best Buy & Department Stores</li>
<li>1% on everything else.</li>
</ul>
<b>Discover Card</b><br />
<ul>
<li>5% cash back 4/1/18 - 6/30/18: Grocery Stores</li>
<li>5% cash back 7/1/18 - 9/30/18: Restaurants</li>
<li>5% cash back 10/1/18 - 12/31/18: Amazon.com & Wholesale Clubs</li>
<li>up to 1% on everything else.</li>
</ul>
<b>Barclaycard Arrival World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>1.05% on everything else.</li>
<li>No annual fee.</li>
</ul>
<b>BankAmericard Cash Rewards</b><br />
<ul>
<li>3% on gas</li>
<li>2% at grocery stores and wholesale clubs (including Costco)</li>
<li>1% on everything else.</li>
<li>No annual fee.</li>
<li>Note: Rewards are worth more if you deposit them into a Bank of America account.</li>
</ul>
<b>Costco Anywhere Visa Card</b><br />
<ul>
<li>4% on gas</li>
<li>3% on restaurants and travel</li>
<li>2% at Costco</li>
<li>1% on everything else.</li>
<li>There is no annual fee, however you must be a Costco member.</li>
</ul>
<b>Citi ThankYou Card</b><br />
<ul>
<li>2X points on Dining Out & Entertainment</li>
<li>1X points on everything else.</li>
</ul>
<b>Barclaycard Arrival Plus World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>2.1% on everything else.</li>
<li>($89 annual fee after first year)</li>
</ul>
PFSpfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com12tag:blogger.com,1999:blog-5434675909314040925.post-60456637566252258302018-03-28T06:30:00.000-07:002018-03-28T06:30:05.945-07:00Money Market Rates March 2018Here 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:<br />
<br />
1.65% Popular Direct Savings<br />
1.60% FNBO Direct Online Savings<br />
1.50% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.50% Capital One 360 Money Market<br />
1.50% Discover Bank Online Savings<br />
1.45% American Express High Yield Savings<br />
1.45% Ally Bank Online Savings<br />
0.20% Unify FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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.<br />
<br />
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.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-65584690540450377192018-02-22T09:00:00.000-08:002018-02-22T09:00:39.590-08:00Credit Card Bonuses February 2018Save money on purchases and get cash back with coupon codes and the following credit cards:<br />
<br />
<b>Citi Dividend Card</b><br />
<ul>
<li>5% cash back 1/1/18 - 3/31/18: Gas Stations & Car Rentals</li>
<li>5% cash back 4/1/18 - 6/30/18: The Home Depot & Home Furnishing Stores</li>
<li>5% cash back 7/1/18 - 9/30/18: Airline & Movies</li>
<li>5% cash back 10/1/18 - 12/31/18: Best Buy & Department Stores</li>
<li>1% on everything else.</li>
</ul>
<b>Discover Card</b><br />
<ul>
<li>5% cash back 1/1/18 - 3/31/18: Gas Stations & Wholesale Clubs</li>
<li>5% cash back 4/1/18 - 6/30/18: Grocery Stores</li>
<li>5% cash back 7/1/18 - 9/30/18: Resaurants</li>
<li>5% cash back 10/1/18 - 12/31/18: Amazon.com & Wholesale Clubs</li>
<li>up to 1% on everything else.</li>
</ul>
<b>Barclaycard Arrival World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>1.05% on everything else.</li>
<li>No annual fee.</li>
</ul>
<b>BankAmericard Cash Rewards</b><br />
<ul>
<li>3% on gas</li>
<li>2% at grocery stores</li>
<li>2% at wholesale clubs (including Costco)</li>
<li>1% on everything else.</li>
<li>No annual fee.</li>
</ul>
<b>Costco Anywhere Visa Card</b><br />
This card replaced the Costco TrueEarnings Card from American Express on June 20, 2016.<br />
<ul>
<li>4% on gas</li>
<li>3% on restaurants and travel</li>
<li>2% at Costco</li>
<li>1% on everything else.</li>
<li>There is no annual fee, however you must be a Costco member.</li>
</ul>
<b>Citi ThankYou Card</b><br />
<ul>
<li>2X points on Dining Out & Entertainment</li>
<li>1X points on everything else.</li>
</ul>
<b>Barclaycard Arrival Plus World MasterCard (Travel Rewards)</b><br />
<ul>
<li>2.1% on travel and dining</li>
<li>2.1% on everything else.</li>
<li>($89 annual fee after first year)</li>
</ul>
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com8tag:blogger.com,1999:blog-5434675909314040925.post-85818586368754299202018-01-10T10:00:00.000-08:002018-01-10T10:00:27.938-08:00Discover Card Not Giving Cash Back at Safeway?A few years ago, I wrote about getting <a href="http://www.pfstock.com/2011/04/discover-card-cash-back-at-supermarkets.html">Cash Back at Supermarkets</a> 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.<br />
<br />
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.<br />
<br />
PFS<br />
<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-27630343378607934942017-12-27T12:30:00.000-08:002017-12-27T12:30:01.639-08:00 Money Market Rates December 2017Here 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:<br />
<br />
1.40% Popular Direct Savings<br />
1.40% FNBO Direct Online Savings<br />
1.35% American Express High Yield Savings<br />
1.30% Marcus by Goldman Sachs (GS Bank) Online Savings<br />
1.30% Discover Bank Online Savings<br />
1.30% Capital One 360 Money Market<br />
1.25% Ally Bank Online Savings<br />
0.20% Unify (fmr. Western) FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 12/27/17. 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.<br />
<br />
Several other banks have bumped up their money market rates and most of the ones in my list are now paying 1.25% or more. I expect that some increase will become a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-87558300771225453672017-11-22T06:30:00.000-08:002017-11-22T06:30:04.039-08:00IRS Increases 401(k) Contribution LimitFor 2018, the IRS has increased employee 401(k) contribution limit to $18,500. This is an increase of $500 from the 2017 limit. For those who will be 50 or older in 2018, that limit will be $24,500.<br />
<br />
PFS<br />
<br />
<b>Disclaimer</b><br />
<i>PFStock.com does not provide specific tax advice. If you have questions about 401(k) plans and taxes, please contact a qualified tax advisor.</i>pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1tag:blogger.com,1999:blog-5434675909314040925.post-72710640174741168112017-10-28T09:30:00.000-07:002017-10-28T09:30:03.630-07:00 Money Market Rates October 2017Here 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:<br />
<br />
1.40% Popular Direct Savings<br />
1.30% GS (Goldman Sachs) Bank Online Savings<br />
1.25% Ally Bank Online Savings<br />
1.25% American Express High Yield Savings<br />
1.20% Discover Bank Online Savings<br />
1.15% FNBO Direct Online Savings<br />
0.75% Capital One 360 Savings<br />
0.20% Unify (fmr. Western) FCU Money Market<br />
0.04% Citibank Savings Account<br />
0.04% Chase Plus Savings<br />
<br />
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 10/27/17. 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.<br />
<br />
Several other banks have bumped up their money market rates and most of the ones in my list are now paying 1.15% or more. Even Citibank and Chase nudged their rates higher by 0.01%! I expect that some increase will become a trend for a while.<br />
<br />
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.<br />
<br />
So, that is the latest list of money market rates. Please let me know if you know of any higher interest rates.<br />
<br />
PFS<br />
<br />pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com0tag:blogger.com,1999:blog-5434675909314040925.post-72306046460094466492017-09-13T06:30:00.000-07:002017-09-13T12:46:42.910-07:00About ex-Dividends RevisitedSeveral years ago, I wrote a post <a href="http://www.pfstock.com/2009/12/about-dividends-and-ex-dividends.html">about dividends and ex-dividends</a>. Due to the change to T+2 settlement time, that article needs to be revised. Here, I will discuss the mechanics of dividends. Basically, stocks could be classified into two categories: those that pay dividends, and those that don't. A lot of smaller, growth companies do not pay a dividend. Companies are not required to pay dividends, and each dividend is declared by the company (usually at a board of directors meeting) before it is paid.<br />
<br />
In the United States, most companies that pay a regular dividend do so every quarter. There are exceptions, for example some companies pay their dividends only once or twice a year. Most of the time, when looking at a financial website, the dividend is listed with the company stock quote. I estimate that 95% of the time this data is correct. However, sometimes it is inaccurate or outdated, so it is a good idea to confirm this information against another source.<br />
<br />
Typically, when dividends are announced, the company will usually issue a press release that says something like this:<br />
<br />
<blockquote class="tr_bq">DALLAS, Aug. 1, 2017 /PRNewswire/ -- The board of directors of Kimberly-Clark Corporation (KMB) has declared a regular quarterly dividend of $.97 per share. The dividend is payable on October 3, 2017, to stockholders of record on September 8, 2017.</blockquote><br />
Let's dissect this statement. In 2017, Kimberly-Clark (NYSE: KMB) paid dividends of 97 cents per quarter (equivalent to $3.88 for the year). The dividend is paid on October 3 to "shareholders of record" on September 8. In order to be a "shareholder of record" one has to own the stock 2 business days before the record date. (This is a change from the previous 3 business day requirement.) In this case, that date is September 6. On September 7, the stock goes "ex-dividend". What that means is that if you buy the stock on September 7 or later, you are not entitled to this particular 97-cent dividend. The term "ex-" in this case means "without". So as of September 7, the stock trades without the current dividend.<br />
<br />
A common question about dividends is "What happens if you sell the stock on September 7 or later, but before the October 3 date when dividends are paid?" In this case, you would be entitled to the dividend, even though you don't own the stock on the pay date. This has happened to me several times where I've received dividends on stock that I no longer own.<br />
<br />
Another more involved question that people sometimes ask is "What if you bought the stock on September 6 and sold the stock on September 7. Does that qualify you as a "shareholder of record" for September 8?"<br />
<br />
Looking at a calendar, if you buy the stock on Wednesday, September 6 (trade date), it will settle in your account T+2 days later, on the morning of Friday, September 8 (settlement date). On the settlement date, the brokerage deducts cash from your sweep account in exchange for the stock. If you sell the stock on Thursday, September 7, the sale will settle in your account on the following Monday, September 11.<br />
<br />
In this example, you are the "shareholder of record" from the morning of Sept 8 until the morning of Sept 11. This sounds strange because you have already traded away the stock. Nevertheless, you "own" the stock at the close of business of Sept 8, so you are entitled to the dividend. Some investors actually use this method, which is known as a "dividend capture" strategy, to invest in stocks.<br />
<br />
PFS<br />
pfstockhttp://www.blogger.com/profile/16235204038486228085noreply@blogger.com1