Re-balance Cycle Reminder All MyPlanIQ’s newsletters are archived here.

For regular SAA and TAA portfolios, the next re-balance will be on Monday, December 3, 2018. You can also find the re-balance calendar for 2017 on ‘Dashboard‘ page once you log in.

As a reminder to expert users: advanced portfolios are still re-balanced based on their original re-balance schedules and they are not the same as those used in Strategic and Tactical Asset Allocation (SAA and TAA) portfolios of a plan.

Please note that we now list the next re-balance date on every portfolio page.

The Staggering Low Interest Rates From Big Banks

Cash returns is one of hot topics at MyPlanIQ. We monitor returns from banks, brokerage money markets and brokered CDs and Treasury bills. Our latest check on this indicates an astounding phenomenon: banks can keep rates low for a very very long time to make huge profits.

Interest rates have risen steadily for almost two years now. However, interest rates from big banks for still unbelievably low. The following are what we see from the four major big banks in the US. 

The subzero savings rates from the four big banks

Savings interest rates from the four big banks: 
BankSavings Rate
Bank of America0.03%
CitiBank0.06%
Chase Savings0.01%
Wells Fargo0.01%

Some of them offer higher interests for much higher account balance. For example, Wells gives 0.05% if your account balance is over $250k. But that’s still miniscule. 

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