About Me

scfr

I'm a 40-something woman who recently relocated from Seattle to Austin. Both cities are beautiful, but Austin is much more affordable (especially the cost of housing), and that is why my self-employed husband & I packed up and moved with our beloved dog. The dog is all for instant gratification, but DH & I prefer living a comfortable but simple life in exchange for long-term security.

scfr = Smart Couples Finish Rich

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Cool Quote:

"Keep your feet on the ground and keep reaching for the stars."

- Casey Kasem
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Last Book Read:
"Good Dog. Stay." By Anna Quindlen (Dog lovers, break out the Kleenex. Sweet story w/ tons of cute pictures. Extremely quick read ... like reading a couple magazine articles. Definitely one to get from the library rather than buy.)

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BA (Balance Sheet Affluent, as explained in "The Millionaire Mind"):

Age x .112 x Total Annual Realized Income = Expected Net Worth

If you are 2 times your expected net worth, you are "Balance Sheet Affluent"

My goal is for my household to be a bit over BA (have 2.12 times its expected net worth) by the time my DH is 50.

Starting Number (4/30/07) = 1.32 times expected net worth

First Year Quarterly Goals:
7/31/07 = 1.440 [Result: 1.510]
10/31/07 = 1.435 [Result: 1.569]
1/31/08 = 1.430 [Result: 1.541]
4/30/08 = 1.425 [Result: 1.400]

Second Year Quarterly Goals:
7/31/08 = 1.550
10/31/08 = 1.550
1/31/09 = 1.545
4/30/09 = 1.530

Savings Rates

May 10th, 2008 at 07:11 pm

We had a CD that was maturing tomorrow (Sunday). Since our bank is open on Saturday mornings and their computers were operating as if it was Monday already (since Monday is their next business day), we were able to go in today and get the CD closed without incurring any interest penalty. That was nice and convenient.

What was not so nice was waving buh-bye to the nice 5.3% APY we had on that CD!

I wonder when we will see rates like that again ... Can't happen soon enough as far as I'm concerned!

Oh well, I should count my blessings.

- Our Wachovia MMA has an APY of 4.75% that is locked in for about another 7 weeks.

- DH pushed me to open a 10-yr CD back in Nov ... I was a bit resistant at the time, but now am grateful for the 5.91% APY on that one

- And of course the fact that we have money in the bank at all ... That is certainly a blessing!

Posted in Uncategorized | 4 Comments »

4 Responses to “Savings Rates”

Laila Says:
May 10th, 2008 at 08:19 pm

Ooh those are really nice rates! I was looking into CDs and the highest I found was 3.30%
littlemama Says:
May 11th, 2008 at 06:17 am

My oldest son put most of his $ in a one year CD earning 5.4% right before the rates started to fall.
Ima saver Says:
May 11th, 2008 at 06:52 am

I am going thru the same thing. I just renewed one for 4.% for a year and one for 3.6%.
Aleta Says:
May 11th, 2008 at 10:53 am

Those were great rates. When my CD's have matured, they continue earning interest until I redeem them. My interest is always more.

Know what you mean by the rates. We were getting 4.50 APR in the money market for 6 months and got a new rate of 3.75 APR until June and then who knows.

I locked a few CD's for 5.05 and 5.25 APY until the end of August. Then again who knows.

I think that was very smart on your part to get that 10 year rate. That's actually a very good return on your money.

scfr's Personal Finance Blog

Savings Rates

4 Responses to “Savings Rates”

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