Guaranteed 5% Interest On Cash | Best Places For Cash 2023

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Title	:	Guaranteed 5% Interest On Cash \| Best Places For Cash 2023
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Why cut out breathing pauses, which also allow for comprehension of what you are saying? It just is not very helpful to someone listening Bye now!
Comment from : Michael B

5:25 Way to make assumptions!
Comment from : Alfonso Munoz

is it difficult to get your monies from the Treasurer after a T-Bill matures?
Comment from : Edward Sullivan

Does fdic insurance have maximum amount / rate ?
Comment from : Marvin - Rollin USA

Best place for cash is in 6 month t-bills
Comment from : Todd

Insane but my ex wife keeps $5,000 in a safe!! She thinks the terrorists are coming to get her
Comment from : James Chaves

bThat a few banks are using higher interest rates to gain more customers, which are not 'high yield', has nothing to do with the fed, as most banks have not increased their interest rates, which are essentially nothing; even moderately well run banks are making double digits off of their depositors money, they can afford to raise rates to 10 or 15, and still be very profitable/b
Comment from : A Zero

I've been utilizing Toyota IncomeDriver Notes as well as the M Benz Notes that payout 45, and 5 respectively They offer demand recall at any time, no fees, no questions asked and no lock up period
Comment from : CS S

No State and local taxes on US securities No fees!
Comment from : John Scovill

How can some of these online banks offer rates higher than the Fed discount rates or tbills?
Comment from : Daniel

Erin ,, takeout your calculator and try again Dollar cost averaging is nonsense in a falling market You’ll lose viewers saying this unthought mantra How can monthly investing be a good investment while the price of the asset you are investing in is falling … The market is falling and will continue to fall and that’s commonly accepted so hold back until it’s clear this period is over … And by the way now that t bills are offering fantastic safe returns the sp500 could be finished for a decade
Comment from : Neily

I agree entirely about using these safe instruments instead of a bank account for cash you can lock up for some time Also, if you buy from TreasuryDirect, you do not pay any state or local tax on the money earned
Comment from : jerry kurata

What guarantee can you claim for the Biden default coming this summer?
Comment from : Martin Gainty

Thoughts on T Bill ETF’s (like BIL, BILS, CLTL)? Thinking about parking my emergency fund in one of them since it yields more than my savings account They appear to be completely liquid and have the ability to cash out at any point without having to wait
Comment from : Jairus

How do you set up a money market account in Fidelity separate from your stock market investment account? I am like you and want to see that money in a different account so I am not tempted to invest it in the stock market Thanks!
Comment from : Judy Woehl

Excellent overview! TY
Comment from : Thomas Downer

Great video In Germany the current rates are 1 - 2 My online brokerage gives me 2 on my cashbrHave a great day, everyone
Comment from : Colin Mackenzie

Good job Thank you I'm on it
Comment from : John Armstrong

But we have defaulted on our debts multiple times by monetary debasement brbrYou should look into saving in bitcoin vs T bills
Comment from : Pravin

Isn’t it true that the SEC rate is only a historical average and not the real performance yield that these funds are yielding? I ask this because I’m in the Vanguard fund that you referenced and the actual “real” yield is much lower
Comment from : Ed Rossino Sr

Thanks Erin! 👍🏽
Comment from : JP Turner

So if the monetary system completely crashes, things go digital?brGood luck everyone you will have nothing The WEF will take your gold, silver and home if you want food on your tablebrAs Klaus said, "you will own nothing and you will be happy"
Comment from : Beth Elle

Those aren't money market accounts at the brokerage houses, those are money market FUNDS Very different animals and FUNDS are NOT FDIC insured as money market accounts are
Comment from : tomj528

Please update this video in light of the recent (March2023) SVB Bank collapse
Comment from : Joel Grant

Bank Runs in the 21st Century!brbrI don't remember that Star Trek episode at all!
Comment from : Andrew Doolittle

very useful and clear thanks Erin
Comment from : mbrotto

Not safe now brBanks are collapsing
Comment from : Jeanne Jones

Should I just keep putting money in a Vanguard Money Market at 455 and wait until the Federal Reserve stops raising interest rates before committing to a Certificate of Deposit or Treasury Bills? What is your advice?
Comment from : Bruce Robertson

I keep my money under my mattress 💰
Comment from : Big Dave

I have it Vanguard Fedral MM fund which pays 452 monthly! Remember 452 annual rate APY
Comment from : Kishor Mistry

If you buy and hold your Treasury bills in a brokerage account (as opposed to a Treasury Direct account) they are fully liquid - ie you can sell them and have your money in one business day You may take a capital loss if you sell a longer maturity Treasury bill after interest rates go up a lot But your money is NOT locked up / inaccessible
Comment from : slovokia

@1:57 I think you meant to say money market funds Money market accounts are bank accounts similar to savings accounts
Comment from : slovokia

I invested in all of your recommendations 😊
Comment from : Pak Hong

So when I see you mention I Bonds at 9, I really wish you would have done a quick video on that!!! Even at 689 I will be speaking with my broker on Monday with the same question
Comment from : Steve Mueller

I'm hoping to see some artwork or pictures on your walls one of these days! LOL
Comment from : Steve Mueller

With our leader of the free world war mongering and sending billions to foreign countries and the USA being 32 trillion in debt, how can we trust our own Tbonds or bills to pay us on our investments?
Comment from : cynthia Deg

Today, (February 23rd), I just bought my first 1-year zero coupon T-Bill with a 511 rate in the secondary market via my brokerage account It matures on February 22nd, 2024 I buy T-Bills in blocks of 5, where each T-Bill corresponds to $1,000 at maturity I've setup a ladder for the year so I always have something reaching maturity each month
Comment from : KayKay0314

Best place for cash for me are 3 delta monthly $TSLA cash-secured puts on red days! ✅
Comment from : Thomas P

I am loving T-Bills right now I am parking our emergency fund in t-bills right now, but have it set up where I have one maturing every week They are super liquid this way in case my wife or I need the money right away I like the idea of earning extra income on our emergency fund but it still being liquid
Comment from : Matt Lovercamp

Great video I keep most of my cash in 3-month (13 week) T-Bills I buy and hold them in my brokerage account, which unlike Treasury Direct, would allow me to sell the T-Bills before maturity if I ever wanted or needed the cash I opened a separate brokerage account with my broker and named it savings That is to delineate it in my mind from my investment capital, which is held in a separate account
Comment from : SL Munney

My wife has a leftover RRSP account (she is Canadian) The yield on it is horrible, like 1-2 percent I’d be freaking stoked to get 5 percent!
Comment from : ProSteel Training

Just a note for those who ladder CDs Read the fine print carefully I had 6-month, 1, 2, 3, 4, and 5-year CD's All under the 5-year would lose three months of interest if liquidated early The 5-year CD had a ONE-YEAR interest forfeiture penalty for early liquidation! It's worthwhile to read everything carefully before you commit
Comment from : CLTserendipity

Like you I love t bills and buy them in all durations up to 52 weeks For me it’s easier to buy through Vanguard but wherever you buy them they will probably be good deal throughout 2023
Comment from : Murray Passarieu

I bought my first cd in probably almost 15 years I took half my emergency fund and put it in a 6month cd for 45 percent and if the rates stay up there I’ll keep rolling over every 6 months
Comment from : M Motorcycles

I was in high yield savings Over the last few months I transferred cash and bought T- Bills (laddered) and Fidelity Money Market account BTW, you can sell T-Bills before maturity if you have them at a brokerage, just not through Treasury Direct
Comment from : David W

I'm so tired of the "won't keep up with inflation" argument What about the risk/reward concept? 5 would be considered a reasonable return for the stock market in any given year, and if now you can get that same return with a 100 risk-free T-bill, why wouldn't you? The argument also ignores the difference in the denominator- example, if your annual COL is $40K and increases by 10 to $44K, and your $100K T-bill earned 5, or $5K, you have in fact kept up with inflation I just don't see any need to take equity risk when fixed income returns are what they are
Comment from : Jay Radmer

Great commentary on cash and where to hold it, essentially risk free You are 100 correct on the big banks as I have funds at JPM and its interest rate is de minimis while my emergency fund is with PNC (with a current interest rate of 4) Always look forward to your postings (and glad to learn its a $ worthwhile gig)
Comment from : Robert Lang

Treasury Direct is so easy - T-Bills are great right now Built myself a T-bill ladder using 8 week T-bills and threw in a 2022 and 2023 I-bond max I also stopped giving my grandkids toy gifts for Christmas and b-days but now give them the same gifts in I-bonds every b-day and Christmas Toys brake and are long forgotten but I-bonds, I beleive these will mean something when the start driving, get married or want to buy thier first home I make it fun I also have started giving them a 1 oz silver coin Now one teaches time value of money or the power of compounding any more and the value in saving for the future! They are loving it as we talk about it each b-day and Christmas Best thing I have ever done with my Grandkids and it is bringing us so much closer together as we talk about it
Comment from : BDW

Those rates are good, but I can do much better as a loan shark😉 (Just kidding)
Comment from : John Miller

Thanks for reminding me that I can buy another $10000 chunk of I-bonds for 2023 :)
Comment from : Rich M

If you use Robinhood to invest, they currently offer 415 on uninvested brokerage cash via their cash sweep program
Comment from : Adapt Strength

Great video Erin! Informative and to the point I recently set up a HYSA with Primis Bank and got a rate of 503 percent I was happy with 34 at Ally but I couldn't pass this up!
Comment from : Keith Frasier

4 over 4 weeks would indeed be amazing 😅 Would like to add that an additional benefit of Ibonds is that interest can be tax deferred until redemption
Comment from : sbkpilot11

I am getting 448 in a money market mutual fund and Charles Schwab allows me to sell cash secured puts on that cash so i can own individual dividend stocks that i want to own long term As such, I am double dipping Making income on the cash secured puts and the interest income from the money market mutual fund Pretty cool
Comment from : Richard Thorne

This video was very helpful! I would like to see more content on government bonds and using US Treasury Direct I currently have I-Bonds in my Treasury Direct account and would like to buy T-Bill as well I just don't know much about them Most other finance people on YouTube talk about the stock market exclusively I know there is a place in my portfolio for Bonds, so would like to hear about how bonds might fit and their purpose Is it mostly just mitigating risk? Thanks for your excellent content
Comment from : Leena

Capital one 11 month CD 5 minimum $100 expires March 14th
Comment from : Finance Nation

hey i love your plant !
Comment from : bradley Bradley

Hi, Erin I currently have my extra cash in a HYSA that is earning 35 annually, but this video informed me about CDs and T Bills I am going to move my cash if I can find a 5 CD or T Bill Thank you very much for sharing your financial knowledge
Comment from : Ashton Stout

Erin - I'm going to check out the T bills Thanks for the suggestion!
Comment from : Joseph Stevens

High yield savings accounts currently have about the same interest rate as CDs It's nice to earn some good interest on my cash!
Comment from : Fred Swartley

I believe T-bills can be sold on the open market before maturity Most likely you will lose money, but if you need the cash it can be done Building ladders of T-bills can help keep a portion of the money available every month or so while getting a good rate of return
Comment from : Sean McGuire

Have some I series bonds, but most cash is in a high yield savings account
Comment from : Cliff Luxion

Erin,brbrWe have been doing I Bonds and on line high interest at Amex and Discover brBUT, out of the blue 2 months ago our big bank low interest (01) money market had a special If you added $10,000 of new money all of your money in the account new and existing and any added later all gets 4!!!brThis deal has no time limit, it could be there awhile or it could go away brbrI could have easily missed this as it was in an ad on their web page brThis is with Citizens Bank I know there are different Citizens brbrTony
Comment from : Tony Flaminio

In my taxable account, I buy ETFs that have T Bills This is money that I could use but probably won't I like the ETF because I don't have to fiddle with selling T Bills on the secondary market or keep track of several of them brI want to be careful about using TBs for long term money, rather than equities The TB is guaranteed not to keep up with inflation
Comment from : Dave Schmarder

I dont trust banks anymore if i dont hold it i dont own it banks can take your money and thier is nothing you can do about it🤑
Comment from : Black Grandpa

After so many years of low rates, it’s nice to finally be able to reap some benefits from being a saver! I am continuing to invest, but to be able to compound (even at a lower rate of 4-5)… it rocks!
Comment from : Nic Pollifrone

Great video as usual These rates have come at a great time for me With retirement looming in the next 4 months, I have 2 1/2 years cash requirements, plus emergency money in my Fidelity money market (first year), cd ladders (call protected), and ibonds for the rest Been a long time since cash paid anything near these rates! Of course, will need to keep an eye on ibond rates in May, and going forward, because they will be falling like a rock!
Comment from : jdgolf499

Nice one Erin! On the high yield savings, about two months ago, I found that PNC Bank offered the highest rate of any more established bank, but they oddly kept rejecting my application to start an account (we have perfect credit), and customer support was vague as to why; just told me to keep applying We eventually went with Barclays US at 36 interest, and they're very easy to deal with
Comment from : Scott G

Thank you for this helpful information
Comment from : Craig F

Timely! Im gearing up to buy another house in 2026 and will need a large down payment - probably 50 or more Meantime? Im not interested in putting large amounts of money in the market, so I started "laddering" a series of 17 month 5 CD's and will time things as I go along so everything matures late 2025 and early 2026brbrAnd why a 50 or more down payment? Like most self-employed people, what I "look like on paper" may or may not tell the whole story of my finances :)
Comment from : RA

My longer term cash is in a HYSA and I have some in a low paying money market at the bank for month to month needs
Comment from : David Stephens

I don’t want to lock my money up for any length of time because I’m accident-prone and I’m terrified of getting injured and being forced to take on medical debt So I just use a HYSA that currently pays 416 annually!
Comment from : Abigail M