OT- Have any of you put money into a CD recently i am having a hard time finding

[99jc]

any banks that will give 5% or more on 150-200k unless i do 3 years. i am in Arkansas any suggestions?

[Cowbell]

any banks that will give 5% or more on 150-200k unless i do 3 years. i am in Arkansas any suggestions?

Yeah - buy rural land

[99jc]

i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while

[mo7888]

Instead of a CD take a look at RYLD, it's a covered call ETF paying around 1%/month. I use it for a short term place to park some cash.

It may not be a fit for you but it's worth checking out.

[BankerDog]

Take a look at Ally or Bask Bank. Bask is the online banking line of business for Texas Capital Bank.

[DEDawg]

Synchrony is like 4.55 I think. Check local FCUs you should be able to find above 5.

I Bonds are 6.89%

[mo7888]

i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while

There's no such thing as 'enough land'..

[99jc]

There's no such thing as 'enough land'..

you may be right but i am satisfied...... i got a huge inheritance of land...and my wife is about to get a big inheritance of land about 400 acres on the Buffalo River in Arkansas.... thanks to all for the input i will check them out.

[confucius say]

You can get a money market for 3-4% right now. Get the interest plus have access to your principal if you need it.

Bonds are really good right now too

[mo7888]

you may be right but i am satisfied...... i got a huge inheritance of land...and my wife is about to get a big inheritance of land about 400 acres on the Buffalo River in Arkansas.... thanks to all for the input i will check them out.

I hope it works for you...I'm in the Ozarks myself...if you decide you wanna lessen the burden of having that land let me know lol

[somebodyshotmypaw]

Muni bonds aren’t bad if you find the right one. Can get 4.5% tax free and pay under par. So the yield is over 7%.

[Vandownbytheriver]

i have enough land i own a freaking mountain just trying to avoid capital gains tax for a while

I don't want to own the mountain, but I wouldn't mind visiting said mountain. For research purposes of course.

[Dawgology]

I’m kind of in the same boat minus the land (though I am looking for some it’s just hard to come by in Lowndes County). I’ve got a chunk of money I’m trying to put in properties but the out of state flippers and local realtors beat me to everything or outbid me on auctioned properties. It’s frustrating because the stock market is kind of a wash right now.

[the_real_MSU_is_us]

Well, this is a world I can't relate too lol

[Dawgology]

I don't want to own the mountain, but I wouldn't mind visiting said mountain. For research purposes of course.

Don’t let him fool you. The only mountain he owns is a Yogurt Mountain

[MrCoachKlein]

NM didn't see the 150-200k part.

Why not buy I bonds? They were paying 9.x% last year and 6.89% right now.

[Vandownbytheriver]

Don’t let him fool you. The only mountain he owns is a Yogurt Mountain

Oddly enough, I used to work for the guy who founded that company. Ran some Blockbuster Video stores and then sold off his shares in the franchise and opened up the yogurt chain. Always was a nice enough guy.

[HoopsDawg]

NM didn't see the 150-200k part.

Why not buy I bonds? They were paying 9.x% last year and 6.89% right now.

You can only put 10K in an I Bond.

[MrCoachKlein]

You can only put 10K in an I Bond.

Yeah, if you hit it in December you could do 10k for you spouse and all kids then turn around and do the same in January. You can also go over that with tax returns, but I completely missed the amount he said in his post.

[Goldendawg]

I, in fact, ordered two new cds from Amazon two nights ago, the Jackly debut album and the reissue of UFO, "Walk On Water". As for the financial considerations, getting them free with bonus points from my Capital One card. Plan to play them in my 2002 Impala that I bought new and still getting 30mph at 179K miles!*** Rock On! Hail State!

[Commercecomet24]

I, in fact, ordered two new cds from Amazon two nights ago, the Jackly debut album and the reissue of UFO, "Walk On Water". As for the financial considerations, getting them free with bonus points from my Capital One card. Plan to play them in my 2002 Impala that I bought new and still getting 30mph at 179K miles!*** Rock On! Hail State!

A man after my own heart!

[Extendedcab]

I, in fact, ordered two new cds from Amazon two nights ago, the Jackly debut album and the reissue of UFO, "Walk On Water". As for the financial considerations, getting them free with bonus points from my Capital One card. Plan to play them in my 2002 Impala that I bought new and still getting 30mph at 179K miles!*** Rock On! Hail State!

OT I know! I have a 2018 Chevy Equinox SUV - Diesel model and I get 700 - 710 miles (46mpg) on a 15 gallon tank (on the highway). In town I get about 530 - 550 miles per tank (36mpg). I have a little over 50K miles on the vehicle. It has been a great vehicle so far - almost 5 years old!

[DawgFromOxford]

CD rates as a whole just aren't that high. With the Fed raising interest rates, CD's are definitely paying better than they did last year and may continue to increase, but I think you're out of luck if you're trying to find a 6 month CD paying 7%

[Johnson85]

You can only put 10K in an I Bond.

He and his spouse can put $20k total, and if they have a refund coming, can get another $10k that way. Any LLC can also put $10k in. With him already owning a bunch of land, presumably at least some of that land is in a business entity so that's $40k out of $200k that he can get in over the next few months depending on when his return is due.

[NWADAWG]

any banks that will give 5% or more on 150-200k unless i do 3 years. i am in Arkansas any suggestions?

My suggestion - Let me deer hunt on your land.**

[HeCannotGo]

You can only put 10K in an I Bond.

You can get around the $10k per year per person max for I-bonds with the "gift box" feature. Still might not work for the original poster to get $150k invested, but if you're married with a few kids you could get $100k invested right away and only tie it up for two years.

[HoopsDawg]

You can get around the $10k per year per person max for I-bonds with the "gift box" feature. Still might not work for the original poster to get $150k invested, but if you're married with a few kids you could get $100k invested right away and only tie it up for two years.

Yeah, I'm aware, but it's not worth the hassle. The extra 5K per individual has to be in paper form as well as coming from a refund. And he may not want to put anything in his kids name. If you can get a 1 year CD at 4.6 or better, it's a lot cleaner.

[HeCannotGo]

Yeah, I'm aware, but it's not worth the hassle. The extra 5K per individual has to be in paper form as well as coming from a refund. And he may not want to put anything in his kids name. If you can get a 1 year CD at 4.6 or better, it's a lot cleaner.

No, the gift box can be any amount and can be electronic. You get the full economic benefits as if you actually owned it, but it's segregated in the "gift box" until pulled out of the gift box and placed in the recipient's name. When gifted, it counts against your $10k max contribution for that year. It's a good way to get a larger amount invested to get the benefits of the high current rates and to start the 5-year and 1-year clocks running right away.