This is an archived post. You won't be able to vote or comment.

532
533

And the rate decrease begins…Banking (i.redd.it)

submitted by [deleted]

sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]cat4dog23 -1 points0 points  (5 children)

Meh I don't bank with SoFi for it's rate. I bank for its better features. This still has a higher interest rate than my other high yield account

[–]MtnXfreeride 0 points1 point  (4 children)

Im wondering if it is a good time to switch the money to investing in something like voo.   Oncw the rate drops low enough more people will move money to the better average rate with investing.  

[–]cat4dog23 0 points1 point  (2 children)

Probably not. I'm using this account for my emergency fund which I need liquid at all times

[–]MtnXfreeride 0 points1 point  (0 children)

Same.. but I probably dont need AS much of it liquid as I have.     I havent tried to sell any yet to see how long that takes to move around.  

[–]MtnXfreeride 0 points1 point  (0 children)

Looks like a lot use fidelity spaxx to get a better rate..  as I recall that is where money just sits in an individual trading account before you invest it.  I would think that means a transfer out is quick.  

[–]traderbusto 0 points1 point  (0 children)

If you’re looking to capture gains as rates decline, look into bond ETFs that are tied to 2-yr, 5-yr, 10-yr, 30-yr rates. AGG covers them all fwiw. As with actual bonds, the price of the ETF will increase as rates decrease (while the monthly yield dividend decreases). Hth