tag:blogger.com,1999:blog-775967109474059335.post3630852869253606496..comments2023-11-13T00:52:34.306-08:00Comments on Kevin On Investing: INOVA 6-Year CDUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-775967109474059335.post-44724929915799463092013-12-20T14:28:58.127-08:002013-12-20T14:28:58.127-08:00Kevin -
When you funded the account with a cred...Kevin - <br /><br /> When you funded the account with a credit card, did it register as a cash advance or a purchase transaction? And what bank is your CC issuer?<br /><br /> Thanks!<br /><br /> RyanRyannoreply@blogger.comtag:blogger.com,1999:blog-775967109474059335.post-29274746170653474852012-04-02T11:43:18.095-07:002012-04-02T11:43:18.095-07:00Thanks for comments Mat.
I recently published a s...Thanks for comments Mat.<br /><br />I recently published a short post on the lower rates.<br /><br />The INOVA RCA just changed I guess. I was seeing 4.01% on up to $10K on depositaccounts.com, but now see it's changed.<br /><br />You can set up ACH transfers to/from INOVA from another bank that supports them, e.g., Ally Bank. That's what I do with my RCAs, which typically do not support setting up ACH links on their end.<br /><br />KevinKevinhttps://www.blogger.com/profile/03576910288369216955noreply@blogger.comtag:blogger.com,1999:blog-775967109474059335.post-9853013552391554412012-04-02T09:26:04.482-07:002012-04-02T09:26:04.482-07:00Great writeup. Within the past few weeks, I've...Great writeup. Within the past few weeks, I've done the same in setting up an INOVA account and opening a 6 yr step-up CD. The requirement of a notarized paperwork was a bit of a pain. BTW, it looks like their CD rates have since dropped by 0.50% (now 2.00% for the 6-yr step-up). Glad I got in before this rate drop. <br /><br />I didn't realize at the time that INOVA also offers a rewards checking with 3.00% APY on balances up to 20k (with certain catches, i.e., direct deposit, 15 credit card transactions per month, etc.), so I opened one of these as well (and had more notarized paperwork to send them). I'm pretty pleased that, at least for the time being, I have two of among the highest-yielding CD and reward checking accounts all at the same institution. <br /><br />One minor drawback so far is that it doesn't seem that INOVA allows for external transfers, which I'd become accustomed to from online banks like Capitol One, TIAA-CREF), but that's not the biggest deal. If I need the money, I can just write myself a check.Matnoreply@blogger.com