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Centennial Bank Archived From: Finance

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If the idea is to park big money there, it's better to park it in 3 month T-Bills at Treasury Direct. Should be 5.25-5.30% starting from July and not deal with any wires, written letters of authorizations, wire fees, etc.


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mitrii said:If the idea is to park big money there, it's better to park it in 3 month T-Bills and not deal with any wires, written letters of authorizations, wire fees, etc.

No wire fees here, because I'm going to mail a check and enclose the application.
No written authorization because I'm in California.
And no way would I lock up (any) funds for a period longer than one month with the way rates have been leapfrogging each other (every week, it seems).

I have however emailed them about the one question that I think we all have:
Can another bank pull funds from Centennial using Centennial's Routing number — and if not, why not. As far as I'm concerned this is part of my Continuing Education in the (increasingly profitable) world of moving money around quickly and inexpensively — knowledge this forum has armed me with for which I am eternally grateful! Really, I've never learned so much about moving money around in my life, having just graduated with a BP (Bachelors Degree in Paypal lol).

Tytie


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Now that I've read up on T-bills, and I live in California, it makes a lot more sense to park them in 1 month (or greater) t bills rather than have to drive out to Fountain Valley.

1 mo. bill equivalent APY (06/29/06 issues)

Unadjusted APY .................... 4.97%
Itemizers (deduct state tax) .... 5.48%
Non-itemizers @ 15% ............ 5.58%
Non-itemizers @ 25% ............ 5.67%
Non-itemizers @ 28% ............ 5.71%
Non-itemizers @ 33% ............ 5.77%
Non-itemizers @ 35% ............ 5.80%


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TYTBUDGET said:I have however emailed them about the one question that I think we all have:
Can another bank pull funds from Centennial using Centennial's Routing number — and if not, why not.


So did they reply your email?

Please let us know what they say. thanks.


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OmOd said:TYTBUDGET said:I have however emailed them about the one question that I think we all have: Can another bank pull funds from Centennial using Centennial's Routing number — and if not, why not.
So did they reply your email? Please let us know what they say. thanks.

No reply, nothing.

Tytie


alert mods    

TYTBUDGET said:OmOd said:TYTBUDGET said:I have however emailed them about the one question that I think we all have: Can another bank pull funds from Centennial using Centennial's Routing number — and if not, why not.
So did they reply your email? Please let us know what they say. thanks.

No reply, nothing.

Tytie


Who knows if this tiny one-branch bank even has email - looks like it has about 8 employees. They can't even cash a check because they have no cash, unless someone else deposited some that day.


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Big drop in rates

500.00 - 9,999.99 4.27% 4.36%
$10,000 - 24,999.99 4.52% 4.62%
$25,000 - 49,999.99 4.77% 4.89%
$50,000 - and over 5.02% 5.15%


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