Tuesday, January 31, 2023
Every morning, I check my sites, various site analytics, and my current financial picture.
As I have discussed in recent posts; CD Shopping Update and mid December 2022 post, I have been tracking annual percentage yields (APYs) for 5 year CDs offered by two of my banks hoping to take advantage of rates in the 4.2-4.5% range.
Tomorrow, February 1, 2023- no matter where the rates, I planned to open the
new CD. This morning I was a little more than surprised to learn that APY rates
were down with American Express, the bank I wanted to use. I am not sure
exactly when the rate dropped, but it went from 4.25% to 3.75%.
I was so busy Monday (January 30, 2023) morning, three trips to different area markets, Columbia, MD to my business address, and then the post office to submit a permanent forwarding address for my business- that I may have missed an update on APY rates later in the day.
In addition, in the afternoon (Monday), I had several calls to Maryland taxing agencies concerning business mail I picked up earlier in the day.
On Friday (January 27, 2023), the van I use to do most of the chores would not start. Yes, I do have other vehicles available, however I allowed the van that would not start to annoy me.
Lucky for me, I noticed a charger my brother used once and I purchased something similar not long after. I used the charger to start the van, and then reconditioned the battery (button on the charger), however did not do any of the shopping I planned for Friday. I waited until Monday. I was so happy I could get to all of my shopping and Columbia that I was not going to do anything but handle issues that came up.
Translated, the (AMEX) bank CD rates going down did not jump up and scream like all of the mail from my business address.
This morning, wide awake and happy most of my business issues were resolved, I got back on track and discovered I missed the CD American Express bank rate change that was lower.
Before eight this morning, I opened the new CD with Synchrony for 5 years at 4.30% and directly set up an external transfer from the American Express savings account to the new Synchrony CD account.
I decided not to bore you with some of the details, however to change a business address in Maryland seems so hard I believe they want me to ask an attorney to do it. I set up the business, I am not sure why I need an attorney to change the address. That said the Comptroller of Maryland (taxing authority) had no problem updating the address when I sent Form 109-B MARYLAND CHANGE OF ADDRESS FOR BUSINESSES in October 2022. One of my calls on today- spoke with Brittany. I also registered with bFile the interactive business tax filing service even though I have had no sales since setting up my ecommerce shop. I file something known as a ZERO Return each quarter.
When I check the APY rates tomorrow morning, I am not going to scream if Synchrony's rates are higher.
By the way, I think all girls with vehicles should have automotive accessories in their garage similar to these in my garage.