Viobank is back up to 4.7%.

The bank has to establish that you is you. (identity verification). They usually ask questions based on information from the credit report. If there are errors in that report, you will denied.

Couple of things:

- get copies of your credit report (www.annualcreditreport.com) and make sure the information in those is accurate.

- chexsystems (https://www.chexsystems.com/) is another one to check. If you had ever a bank account closed by a bank, they reported that here and will not allow you to open another account. You are deemed a high risk.

Only time I've ever done this is due to banks charging an international wire fee. I'd rather pay 3 months at a time if I can save 100$ in bullshit fees. But if you don't have an expensive overhead charge, then it's best to just pay for each month.

If you use non traditional bank, like Charles Schwab, a stock broker, there are no fees for checking and their all checking accounts earns interest. You even get unlimited free checks.

In NYC as well. Simply showing you have the cash on hand in a bank account via submitting a statement or two in addition earning the 40x monthly should be attractive enough.

As others have said don’t prepay, but showing the landlord you already have the funds will help

Unless you negotiate an appropriate (for interest rates) corresponding decrease in rent, which we did one time.

High yield savings accounts are paying over 3% right now they are protected up to $250,000 in the U.S.

My cousin works for a landlord in Upstate. He informed me prepaying in NY is illegal since I was looking to do the same in my state.

I’m a landlord and I stay away from people who try to do this. It’s just a hassle and than when they need to start paying again they usually don’t

As an ex nyc renter, let me say It’s a good idea if you don’t want the landlord to have any reason to fix anything in your apt.

Your landlord could die and your rent could be tied up in probate. Rent money could then be used to pay debt

People do this in a competitive rental market to get a good deal or to beat out other prospective renters.

In many jurisdictions it is illegal to do this.

That isn't prepayng as much as it is setting the payment period to a higher duration than a month. However, it still sounds like it serves little benefit to me, the only one being that perhaps you're less likely o be evicted for a period you've already paid, but if they really were the type of person (and had legal rights) to evict you quickly I think they'd do it anyway, and just refund you.

I’ve never heard of home buyers writing a letter to home sellers. I certainly didn’t do that when I bought my house. I could see how that would help with applying to rent, not so much for buying a place though.

Ally has really been around that long? Were they brick and mortar before moving to all digital?

Regardless of currency, 5.89% is 5.89%.

If you gain 5.89% bottle caps then if you trade those for USD you have 5.89% more bottlecaps, so will gain 5.89% more USD.

However, OP may also have no use for USD. Exchange rates fluctuate, both up and down, and it's not always predictable. This applies to many currencies, including both USD and EUR.

People always say this, but I always wonder where you would be earning interest in a short amount of time with 0 risks or restraints on withdrawing it in time to pay the rent when it's due?

Genuine question, but why wouldn’t this be allowed?

I looked at health of my grand parents and their siblings. Health of my parents and siblings. Health of my own siblings. Average age when they started having more serious health issues ?Average Ages when they died. If most had poor health or died at younger age then it's possible the same could happen to me. In that case I would plan to retire early as possible to be able to enjoy retirement before it to late healthwise

Of that $9000, how much is for emergency? What else is it for? I ask because depending on how much is there and for what, I'd rather you continue as you are if everything is functioning well and you're living comfortably. Maybe you can adjust the numbers a bit. Like put 200-250/mo for savings and the rest for car loan. Of course it's good to pay of car loan as fast as possible. But also remember to still have a life

I did for a few months. Was nice to have some peace of mind. It doesn't make financial sense because of interest, but it's not too much anyways.

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If you can prepay you bills with a credit card sign up bonus, you can generate 10-20% savings. I have at times been able to get discounted Visa Giftcards from Giftcards.com when they run promos throughout the year for 5-10% off

Those would be only times I’d prepay bills as it generates tax free savings for you. If the landlord can give you an additional discount that may be of benefit as well.

Otherwise there are potential issues prepaying early that have already been outlined by other users.

Do you know that currencies can devalue in developed countries? Do you know what inflation is?

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