Any financial guys on here. Need opinions on best interest bearing accounts. - Chicagoland Sportbikes
Chicagoland Sportbikes
 
Open Forum This forum is for all off-topic discussion.

Reply
 
LinkBack Thread Tools Display Modes
post #1 of 31 (permalink) Old 11-01-2012, 07:41 AM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
Any financial guys on here. Need opinions on best interest bearing accounts.

Got a Shit ton of cash sitting around and I want to start earning some interest on it. Nothing risky, just a simple interest bearing account where I earn the max for letting them hold it.
I want to be able to draw from it or move it around with no penalties etc.

Any good options you suggest.

No I don't want to invest in gold bars or fine art. Lol
Cash has always been king.

Thanks.



Odysseys is offline  
Sponsored Links
Advertisement
 
post #2 of 31 (permalink) Old 11-01-2012, 07:52 AM
Registered User
 
Join Date: Apr 2011
Location: northside
Posts: 123
Location: northside
Sportbike: 03 SV650n
How you found us: aliens
 
How much interest are u expecting?

Current market on 5 year CDs are 1.8% and that's putting ur money still for 5 years.

Online savings accounts are getting like .75%. Might be the best for ur idle cash with no risk and random access to it.
turtle* is offline  
post #3 of 31 (permalink) Old 11-01-2012, 07:59 AM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
Don't want to lock it up for 5 years.

Yes random access to it. No one is paying over 1%?



Odysseys is offline  
post #4 of 31 (permalink) Old 11-01-2012, 08:00 AM
Registered User
 
Pilotx1's Avatar
 
Join Date: Apr 2008
Location: Elk Grove IL
Posts: 15,830
Location: Elk Grove IL
Sportbike: '03 Gsxr 1000, '04 Zuma,07 GSXR 600 trackbike
Years Riding: june 2007, since new,july '10
How you found us: friend
           
Send a message via AIM to Pilotx1 Send a message via Yahoo to Pilotx1
ING is at .75%

-Jason
CCS AM #31
Pilotx1 is offline  
post #5 of 31 (permalink) Old 11-01-2012, 08:28 AM
__________
 
Dirtbiker's Avatar
 
Join Date: Mar 2004
Location: Somewhere else.
Posts: 6,365
Location: Somewhere else.
Sportbike: Resurrection Built YZ250F, Various European Junk
Years Riding: Yes
How you found us: SBN
           
Quote:
Originally Posted by Odysseys View Post
Don't want to lock it up for 5 years.

Yes random access to it. No one is paying over 1%?
Nope. Even in the best of times you would be lucky to find 2 or 2.5.
Dirtbiker is offline  
post #6 of 31 (permalink) Old 11-01-2012, 08:41 AM
Registered User
 
JRSMAIL's Avatar
 
Join Date: Aug 2003
Location: Johnsburg, Il
Posts: 9,428
Location: Johnsburg, Il
Sportbike: A weed wacker
Years Riding: Just started today as a matter of fact..
How you found us: A dream I had once
           
Send a message via MSN to JRSMAIL
You will not have random access to it in CD's, so your only option is savings acct really.

You have to have access to it?

Jon
MSF Instructor


<---- Useless

Always Stand For What You Believe In... Even If Means You Stand Alone...
JRSMAIL is offline  
post #7 of 31 (permalink) Old 11-01-2012, 09:12 AM
G2G
Registered User
 
G2G's Avatar
 
Join Date: Jul 2007
Location: Chicago
Posts: 14,287
Location: Chicago
Sportbike: It changes everyday
Years Riding: since 1991
How you found us: Ur mom
           
Quote:
Originally Posted by Odysseys View Post
Don't want to lock it up for 5 years.

Yes random access to it. No one is paying over 1%?
So you are wanting more than 1% and don't want it locked up for 5 years? LOL I will pretty much bet the farm you are not gonna find that.
G2G is offline  
post #8 of 31 (permalink) Old 11-01-2012, 09:20 AM
Registered User
 
chibeemer's Avatar
 
Join Date: Apr 2003
Location: Chicago
Posts: 2,047
Location: Chicago
Sportbike: BMW R1100s
Years Riding: 13
How you found us: Rider
           
Vanguard total bond market index has a consistent 5% return. You can open an account online. I blend my savings with this and a few other index funds. I have no plan to spend the money right now but I still wanted access to it in case the job goes south or something unexpected happens like a roof job.

Blah, Blah, Blah

Get your Portable ID!
chibeemer is offline  
post #9 of 31 (permalink) Old 11-01-2012, 09:25 AM
Registered User
 
Join Date: Apr 2011
Location: northside
Posts: 123
Location: northside
Sportbike: 03 SV650n
How you found us: aliens
 
Quote:
Originally Posted by chibeemer View Post
Vanguard total bond market index has a consistent 5% return. You can open an account online. I blend my savings with this and a few other index funds. I have no plan to spend the money right now but I still wanted access to it in case the job goes south or something unexpected happens like a roof job.
Does it cost x amount to buy or sell this fund? Ive found brokerage sites they offer free buying but sell/trade is like $19 per transaction. Bonds can't tank or can they?
turtle* is offline  
post #10 of 31 (permalink) Old 11-01-2012, 09:28 AM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
Thanks guys. This is what I thought too. Thanks.



Odysseys is offline  
post #11 of 31 (permalink) Old 11-01-2012, 09:33 AM
CRF50 Squid
 
Join Date: Sep 2004
Location: Chicago
Posts: 9,588
Location: Chicago
Sportbike: K6 GSX-R 750, 1971 CL350
Years Riding: Veteran Poser
How you found us: Google
           
Send a message via AIM to Blah Blah Blah
Deposit it with me, I'll give you 2% interest. I'm FDIC insured.

"The man who makes me your enemy, it is he who be the guilty one....Here I abandoned peace and desecrated law; fortune it is you I follow. Farewell to treaties. From now on war is our judge!"
Blah Blah Blah is offline  
post #12 of 31 (permalink) Old 11-01-2012, 09:35 AM
CRF50 Squid
 
Join Date: Sep 2004
Location: Chicago
Posts: 9,588
Location: Chicago
Sportbike: K6 GSX-R 750, 1971 CL350
Years Riding: Veteran Poser
How you found us: Google
           
Send a message via AIM to Blah Blah Blah
And what's a shit ton of cash? Don't even bother responding to me unless it's at least $200K. I don't deal with pocket change.

"The man who makes me your enemy, it is he who be the guilty one....Here I abandoned peace and desecrated law; fortune it is you I follow. Farewell to treaties. From now on war is our judge!"
Blah Blah Blah is offline  
post #13 of 31 (permalink) Old 11-01-2012, 09:42 AM
Registered User
 
chibeemer's Avatar
 
Join Date: Apr 2003
Location: Chicago
Posts: 2,047
Location: Chicago
Sportbike: BMW R1100s
Years Riding: 13
How you found us: Rider
           
Quote:
Originally Posted by turtle* View Post
Does it cost x amount to buy or sell this fund? Ive found brokerage sites they offer free buying but sell/trade is like $19 per transaction. Bonds can't tank or can they?
I can't remember but it's minuscule at best. I really don't think there is any per trade cost. There may be a $5/yr account cost or something.

I looked at Edward Jones too and they wanted $3000 front load cost on $90,000 with a 7% return on a blend of bonds and stocks. That was waaaaayyyy too much for me. The way they figured that would have taken 6 months to pay off the initial costs.

Vanguard is a do it yourself place. They can connect you with an advisor though. That's what I did.

Blah, Blah, Blah

Get your Portable ID!
chibeemer is offline  
post #14 of 31 (permalink) Old 11-01-2012, 09:55 AM
DONATING MEMBER
 
Chicago Performance's Avatar
 
Join Date: Jun 2007
Location: Northlake, IL 60164
Posts: 25,074
Location: Northlake, IL 60164
Sportbike: Trackdayz "I" bike!
Years Riding: since last year
How you found us: In a fortune cookie
           
What about Tony's cousin? She could use some of that cash. Just a thought.

------->> Best motorcycle shop ever!

http://www.chicagoperformance.com/
Chicago Performance is offline  
post #15 of 31 (permalink) Old 11-01-2012, 09:58 AM
Registered User
 
Gone In 3's Avatar
 
Join Date: Mar 2009
Location: Texas/Chicago
Posts: 5,771
Location: Texas/Chicago
Sportbike: CBR1000RR
Years Riding: Been around the block with training wheels
How you found us: Folks
           
How much of that pile of dough is from selling CLSB?

You better be nice to America or we will bring democracy to your country.
Gone In 3 is offline  
post #16 of 31 (permalink) Old 11-01-2012, 10:02 AM
CRF50 Squid
 
Join Date: Sep 2004
Location: Chicago
Posts: 9,588
Location: Chicago
Sportbike: K6 GSX-R 750, 1971 CL350
Years Riding: Veteran Poser
How you found us: Google
           
Send a message via AIM to Blah Blah Blah
Quote:
Originally Posted by Chicago Performance View Post
What about Tony's cousin? She could use some of that cash. Just a thought.
Nah brah. You don't get a shit ton of cash by giving your money away.

"The man who makes me your enemy, it is he who be the guilty one....Here I abandoned peace and desecrated law; fortune it is you I follow. Farewell to treaties. From now on war is our judge!"
Blah Blah Blah is offline  
post #17 of 31 (permalink) Old 11-01-2012, 10:04 AM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
Lol you guys crack me up. Lol



Odysseys is offline  
post #18 of 31 (permalink) Old 11-01-2012, 10:10 AM
CRF50 Squid
 
Join Date: Sep 2004
Location: Chicago
Posts: 9,588
Location: Chicago
Sportbike: K6 GSX-R 750, 1971 CL350
Years Riding: Veteran Poser
How you found us: Google
           
Send a message via AIM to Blah Blah Blah
This is just the last three months. Obama has been good to me.


"The man who makes me your enemy, it is he who be the guilty one....Here I abandoned peace and desecrated law; fortune it is you I follow. Farewell to treaties. From now on war is our judge!"
Blah Blah Blah is offline  
post #19 of 31 (permalink) Old 11-01-2012, 10:34 AM
I don't know...
 
Germany's Avatar
 
Join Date: Jul 2009
Location: Streamwood
Posts: 5,208
Location: Streamwood
Sportbike: more than one... one less now...
Years Riding: not long enough
How you found us: Some girl was talking about it.
           
Quote:
Originally Posted by Blah Blah Blah View Post
This is just the last three months. Obama has been good to me.

Can I deposit some Deutsche Mark with you? I have a lot of it.

#19
Germany is offline  
post #20 of 31 (permalink) Old 11-01-2012, 12:14 PM
Pierced & tattooed freak!
 
GixxerDave's Avatar
 
Join Date: May 2008
Location: Oswego, IL
Posts: 3,045
Location: Oswego, IL
Sportbike: 1999 GSX-R750
Years Riding: "None of your bleepin' business!" - Joe Pesci
How you found us: Read about it in a fortune cookie
           
Better off blowing your $$$ on bitches and brew. Banks don't pay jack shit.

Dante: [to Randal] You never go ass-to-mouth!
Randal: [to Dante] Would you grow up!
Becky: [to Dante] OK, I'm only telling you this because we're friends, but sometimes, in the heat of the moment, it's forgivable to go ass-to-mouth.
Randal: [chuckling] Ha! I knew it.
GixxerDave is offline  
post #21 of 31 (permalink) Old 11-01-2012, 12:30 PM
Clever Girl
 
Noodles's Avatar
 
Join Date: Feb 2005
Location: Glendale Heights
Posts: 10,209
Location: Glendale Heights
Sportbike: 'Fightered F3
Years Riding: 3 years
How you found us: I woke up here.
           
Send a message via AIM to Noodles
Quote:
Originally Posted by GixxerDave View Post
Better off blowing your $$$ on bitches and brew. Banks don't pay jack shit.
+1

Hookers and blow are the best investments you can make

Quote:
Originally Posted by Noodles View Post
Noodles accepts no liability for the content of this post, or for the consequences of any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. Any views or opinions presented in this post are solely those of the author and do not necessarily represent those of Noodles.
Noodles is offline  
post #22 of 31 (permalink) Old 11-01-2012, 12:59 PM
Registered User
 
Join Date: Jun 2009
Location: Chicago
Posts: 779
Location: Chicago
Sportbike: 05 SV
Years Riding: ...
How you found us: ...
  
Quote:
Originally Posted by Noodles View Post
+1

Hookers and blow are the best investments you can make
Go for the second one, and don't snort it all

Spend $50g's on some blow, whenever you need your money back, start selling in smaller chunks

qty discount ftw!!!
pothiawala786 is offline  
post #23 of 31 (permalink) Old 11-01-2012, 01:31 PM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
Quote:
Originally Posted by Gone In 3 View Post
How much of that pile of dough is from selling CLSB?
put it this way, my tax return was more.



Odysseys is offline  
post #24 of 31 (permalink) Old 11-01-2012, 05:53 PM
Registered User
 
Meulen's Avatar
 
Join Date: May 2002
Location: Romeoville
Posts: 19,186
Location: Romeoville
Sportbike: looking to get dirty!
Years Riding: long time
How you found us: SBN
           
Ummm. Bond funds put your principal at risk and are at all time highs. They turn around and it'll eat that 5% away and then some.

Brian (F.K.A. Crazy)

Gamertag: CRAZY403


“You can’t escape the responsibility of tomorrow by evading it today.”

-Abraham Lincoln


“Blessed are the young, for they shall inherit the national debt.”

-Herbert Hoover
Meulen is offline  
post #25 of 31 (permalink) Old 11-01-2012, 06:40 PM
U-P-G-R-A-Y-E-D-D
 
FiReBReTHa's Avatar
 
Join Date: Apr 2006
Location: Aurora, IL
Posts: 11,172
Location: Aurora, IL
Sportbike: 04 GSXR6
Years Riding: 2
How you found us: I thought it was a line for muffins
           
Send a message via AIM to FiReBReTHa
Invest in your local firearms dealer!

www.firespeedtactical.com
Trial By Fire.
Like our page!
http://www.facebook.com/firespeedtactical

Quote:
"I'm spooning a barrett 50 cal. I could kill a building."
-Archer
FiReBReTHa is offline  
post #26 of 31 (permalink) Old 11-02-2012, 05:04 PM
I don't know...
 
Germany's Avatar
 
Join Date: Jul 2009
Location: Streamwood
Posts: 5,208
Location: Streamwood
Sportbike: more than one... one less now...
Years Riding: not long enough
How you found us: Some girl was talking about it.
           
Hey Oddy.

I plan on doing something very cool in 2014 and need about 10k. would you be able to sponsor me? I return I can offer you some TV coverage of said thing.

PLEASE!

#19
Germany is offline  
post #27 of 31 (permalink) Old 11-02-2012, 05:08 PM
King Nothing


 
Kegger's Avatar
 
Join Date: Nov 2004
Location: Ur Moms House
Posts: 17,944
Location: Ur Moms House
Sportbike: I ride Ur Mom
Years Riding: As long as Ive known Ur Mom
How you found us: u found me
           
Quote:
Originally Posted by Odysseys View Post
put it this way, my tax return was more.

Until they hunted you down for the 50cc's!

"When in doubt, use full throttle. It may not improve your situation, but it will end the suspense."
Kegger is offline  
post #28 of 31 (permalink) Old 11-02-2012, 08:06 PM Thread Starter
YO MAMA
 
Odysseys's Avatar
 
Join Date: Apr 2002
Location: balls deep in someones mom
Posts: 60,261
Location: balls deep in someones mom
Sportbike: 2010 Electra Glide Police Edition 103cu
Years Riding: a long time!
           
^ no shit right Craig!! Lol!!!



Odysseys is offline  
post #29 of 31 (permalink) Old 11-03-2012, 12:18 AM
Slava
 
spetsnaz56's Avatar
 
Join Date: Jul 2004
Location: The Hills
Posts: 1,409
Location: The Hills
Sportbike: 2006 Triumph Daytona 675
Years Riding: Since '98
How you found us: chicago russian riders
           
Quote:
Originally Posted by chibeemer View Post
I can't remember but it's minuscule at best. I really don't think there is any per trade cost. There may be a $5/yr account cost or something.

I looked at Edward Jones too and they wanted $3000 front load cost on $90,000 with a 7% return on a blend of bonds and stocks. That was waaaaayyyy too much for me. The way they figured that would have taken 6 months to pay off the initial costs.

Vanguard is a do it yourself place. They can connect you with an advisor though. That's what I did.
I went with Edward Jones and there were about 3% front end cost involved.

Last edited by spetsnaz56; 11-03-2012 at 08:47 PM.
spetsnaz56 is offline  
post #30 of 31 (permalink) Old 11-03-2012, 02:22 PM
I'm a non-achiever.
 
shaugdog's Avatar
 
Join Date: Jun 2008
Location: Naperville
Posts: 2,929
Location: Naperville
Sportbike: KTM 450sx/Sumo, XR50R w/training wheels
Years Riding: street 06; track 09
How you found us: the cops
           
S&P500
Blue chip stocks
Stock like BP after something fucked up happens.

I also have money in slow growth vehicles to balance my risk.

"Slow is smooth, Smooth is fast"
#313

Last edited by shaugdog; 11-03-2012 at 02:25 PM.
shaugdog is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Chicagoland Sportbikes forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome