The Wednesday Morning Weekly.
Until now, when transferring money from another bank to Fidelity, I typically logged into the Fidelity portal and initiated an ACH Pull. This always resulted in a 7 to 10 day hold on the cash before I could transfer it out again.
I just learned about this today — the news is a couple months old. This is amazing, you click the three dots and a menu pops up with an option to view the transcript. This way you can later search the podcast if you forget where something is. The following is a link to the March 2024 news article:
Note: In addition to details about this bank account in this article, I also share a lot of organizational details how I manage bank account bonus hunting.
I very recently applied for a U.S. Bank Smartly Checking personal checking account for a $500 sign up bonus. I was approved with no problems.
Previously the only core position available for Fidelity Cash Management accounts was the FDIC Insured Deposit Sweep — currently at around 2.72% APY at this time of writing. Now you can change your Core Position to SPAXX — currently at around 4.95% APY at this time of writing.
Well I just logged into the Chase portal and found out the Chase Freedom 2024 Q3 rotating categories will be Gas Stations & EV Charging, Select Live Entertainment & Movie Theaters. A couple weeks back we found out that the Discover It 2024 Q3 categories will be Grocery Stores & Walmart. So now knowing all this, it allowed me to formulate my 5%+ Custom Cashback Strategy for next quarter, which is as follows:
I just read on DoC that Chase Ink Referrals will drop from 40k Ultimate Rewards Points ($400) down to 20k ($200). This will happen in September. There will still be the same yearly 200k limit, but you just refer ten people instead of five.
