1. Attachments are working again! Check out this thread for more details and to report any other bugs.

Gen IV savings account

Discussion in 'Gen 4 Prius Main Forum' started by Emcguy, Oct 12, 2013.

  1. Emcguy

    Emcguy Member

    Joined:
    Sep 20, 2013
    176
    29
    0
    Location:
    Australia
    Vehicle:
    2012 Prius v wagon
    Model:
    N/A
    Last week I opened a high interest account and will start saving for the 2015 model, it may even be enough by then to make the jump to PIP. Is anyone else considering or already doing the same?
     
    #1 Emcguy, Oct 12, 2013
  2. Paradox

    Paradox Prius Enthusiast / Moderator
    Staff Member

    Joined:
    Sep 22, 2005
    29,110
    8,591
    201
    Location:
    USA
    Vehicle:
    2014 Prius v wagon
    Model:
    Five
    You may have time to save more if the Gen IV is a 16' model and not a 15'.
     
    #2 Paradox, Oct 12, 2013
    Emcguy likes this.
  3. fuzzy1

    fuzzy1 Senior Member

    Joined:
    Feb 26, 2009
    17,557
    10,324
    90
    Location:
    Western Washington
    Vehicle:
    Other Hybrid
    Model:
    N/A
    Never mind the car, what sort of yield are you getting for 'high interest'?
     
    #3 fuzzy1, Oct 13, 2013
    Silver bullit likes this.
  4. Paradox

    Paradox Prius Enthusiast / Moderator
    Staff Member

    Joined:
    Sep 22, 2005
    29,110
    8,591
    201
    Location:
    USA
    Vehicle:
    2014 Prius v wagon
    Model:
    Five
    I know right, I've got a 'high interest' account through AMEX and it's a measly 0.85%. Started at 1.3% when I opened it and has dropped to what it is now...
     
    #4 Paradox, Oct 13, 2013
  5. Emcguy

    Emcguy Member

    Joined:
    Sep 20, 2013
    176
    29
    0
    Location:
    Australia
    Vehicle:
    2012 Prius v wagon
    Model:
    N/A
    Only 2.75% but it shows I'm dedicated to the cause ;-)
     
    #5 Emcguy, Oct 13, 2013
  6. TonyPSchaefer

    TonyPSchaefer Your Friendly Moderator
    Staff Member

    Joined:
    May 11, 2004
    14,816
    2,498
    66
    Location:
    Far-North Chicagoland
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    I didn't see this thread last year. It's now 12 months later. How's that account holding up, @Emcguy ?
    The 2015 model year is actually the 2016 and the reveal was pushed back at least six months. This should buy you some more time.

    As for me, I opened a "next car" Certificate of Deposit in anticipation of the Gen3. I ended up not getting one but have continued rolling over and contributing to the CD over the years. I'm felling pretty confident that there's a Gen4 in my economic future.
     
    #6 TonyPSchaefer, Oct 8, 2014
  7. jlaibson

    jlaibson Junior Member

    Joined:
    Apr 4, 2011
    34
    9
    0
    Location:
    Florida
    Vehicle:
    Other Non-Hybrid
    Model:
    N/A
    Where in the world did you get 2.75% on savings???
     
    #7 jlaibson, Oct 8, 2014
  8. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    110,129
    50,045
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    my 'high interest account' is a one year 1.05% cd. however, if you invested in the stock market last year, you could probably afford a gen IV now.
     
    #8 bisco, Oct 8, 2014
  9. DaneH5

    DaneH5 Member

    Joined:
    Aug 12, 2014
    464
    60
    0
    Location:
    Pinellas, Florida
    Vehicle:
    2014 Prius
    Model:
    Three
    Navy federal credit union was doing a 5% one year CD.
     
    #9 DaneH5, Oct 8, 2014
  10. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    110,129
    50,045
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    wow, is that open to anyone?
     
    #10 bisco, Oct 8, 2014
  11. DaneH5

    DaneH5 Member

    Joined:
    Aug 12, 2014
    464
    60
    0
    Location:
    Pinellas, Florida
    Vehicle:
    2014 Prius
    Model:
    Three
    Active duty or a veteran.
     
    #11 DaneH5, Oct 8, 2014
  12. Emcguy

    Emcguy Member

    Joined:
    Sep 20, 2013
    176
    29
    0
    Location:
    Australia
    Vehicle:
    2012 Prius v wagon
    Model:
    N/A
    Australia is slowly heading toearfs 0% cash rate but is somewhere in the 1's at the moment.
     
    #12 Emcguy, Oct 8, 2014
  13. DavidA

    DavidA Prius owner since July 2009

    Joined:
    Jul 14, 2009
    2,329
    1,812
    18
    Location:
    Chicago western burbs
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Advanced
    My 2.5 year earmarked GenIV CD at the bank will mature in two months. That's when I would have thought the Gen IV PIP would have been announced. So I will be ready to buy one then, but unfortunately Toyota is t a k i n g__ i t ' s__s w e e t__ t i m e.
     
    #13 DavidA, Oct 9, 2014
  14. bisco

    bisco cookie crumbler

    Joined:
    May 11, 2005
    110,129
    50,045
    0
    Location:
    boston
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    mmm-hmm.
     
    #14 bisco, Oct 9, 2014
  15. Mendel Leisk

    Mendel Leisk EGR Fanatic

    Joined:
    Oct 17, 2010
    56,664
    39,220
    80
    Location:
    Greater Vancouver, British Columbia, Canada
    Vehicle:
    2010 Prius
    Model:
    Touring
    Tangerine (formerly ING Direct) basic saving account is currently 1.3o%. It's a simple, no fees, no lock-in account.

    That's in Canada, not sure if it's in the States too.
     
    #15 Mendel Leisk, Oct 9, 2014
  16. vinnie97

    vinnie97 Whatever Works

    Joined:
    Mar 20, 2010
    1,430
    277
    0
    Location:
    Somewhere out there
    Vehicle:
    2018 Tesla Model 3
    Model:
    N/A
    Wow, Ing got divested something serious. In the states, ingdirect.com gives me one of two options, Capital One or Voya (first I've heard of the latter). I remember previous to this they had one of the highest savings rates (still pisspoor in this economy that punishes savers). Capital One's a joke (0.75%).
     
    #16 vinnie97, Oct 10, 2014
  17. Ashlem

    Ashlem Senior Member

    Joined:
    Sep 16, 2013
    754
    502
    0
    Location:
    WI
    Vehicle:
    2017 Chevy Volt
    Model:
    N/A
    My local credit union, Landmark Credit Union, offers a checking account with whopping 7.5% APY on the first $500, then .20 % on the rest of your money. Meanwhile the interest rate in their savings account is a mere .15%, which is still higher than the banks around SE Wisconsin.

    So basically I'm making a minimum of about $3.13 a month in this account, plus a little bit more for any money I have above the $500. So for me it seems that just leaving my money in this account will pay me more interest (which then gets taxed more ugh) than putting it in my savings account (which earns pennies by comparison, though admittedly I'm not putting much into it either due to the checking account earning more interest) or even a money market account.


    Deposit Account Rates - Landmark Credit Union


    Unfortunately you have to live or work in Southeastern Wisconsin or in Northwest Illinois to become a member.
     
    #17 Ashlem, Oct 10, 2014
(You must log in or sign up to post here.)