Home > Over $100 in Interest

Over $100 in Interest

April 9th, 2018 at 06:32 pm

I'm a bit behind reporting!

Our March interest earned on our cash savings was $105.96! I actually think this was the first time that has ever happened. We've been close, but not over. I think it's because I moved about $16K to an account earning far more interest. Wise move I made it seems. Smile

We have a CD that comes due this month. I need to think through about rolling it over. We could move this year (as early as October). I expect we will rent, but if we don't...might need that cash accessible. Something to be thinking through in the next couple weeks.

Edited to add: We can roll this money into other CDs we already hold at Navy Federal. They accept new money at any time. I think it may be worth rolling it into one that matures in June at the very least. I think this was my plan all along. Smile

3 Responses to “Over $100 in Interest”

  1. AnotherReader Says:

    You can buy short term treasury bills in your brokerage account. They pay more than most short term CD's and have no state income tax applied. Fidelity has the best interface to buy brokered CD's and treasury bills and notes. I bought some one month treasury bills this morning. Projected yield at the auction was 1.72 percent. You can have Fidelity automatically roll them over at the next auction. Very efficient.

  2. creditcardfree Says:

    Thanks, AR. Currently earning 2.25 with Navy Federal Credit Union. That is a good to know it was an easy transaction for you with Fidelity. We don't pay state income tax since my husband's military income is exempt in our state of legal residence. Once that is exempt, we have very low income thus no tax.

  3. FrugalTexan75 Says:

    Nice interest!

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