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Show HN: Earn 9.62% on US Treasury I Bonds on Yotta
Hey all<p>My name is Adam, and I’m a co-founder at Yotta (YC S20), an app that uses behavioral psychology to help people save money by making saving exciting.<p>We built a feature on Yotta where you can earn 9.62% APY via US Treasury I Bonds. (https://www.withyotta.com/i-bonds)<p>This is an absurd yield for a security that is backed by the full faith and credit of the United States Government - the strongest guarantee you can get. For comparison, most high-yield savings accounts with FDIC coverage are paying ~2%.<p>The backstory:<p>I Bonds were established by the US Treasury in 1998 to provide returns linked to inflation to protect consumer purchasing power. The rate on I Bonds is determined from the last six months of CPI data and is adjusted twice per year. Inflation is typically around 2% per year, so I Bonds have never been relevant since the rate was never that attractive.<p>Inflation spiked in 2022 driving I Bonds reached a record high yield of 9.62% APY. If you buy them by October 31st, you lock in this rate for six months from the purchase date. In the last 12 months, around $27B has been deposited as a result of the insanely high yield. This compares to $348m in 2020. Note that you have to hold I Bonds for at least a year and you forgo 3 the last three months of earned interest if you redeem before five years. You can deposit a max of $10k into I Bonds per calendar year.<p>So if you can get 9.62% APY on a government backed security when savings accounts are yielding 2%, why doesn’t everyone have I Bonds?<p>A few reasons.<p>1. Most people have never heard of them.<p>2. People don’t want to tie up cash for a year in a CD-like product.<p>3. The only way to buy I Bonds has been on the world’s worst website, Treasury Direct. You have to fill out long forms, click on a virtual keyboard to type your password, can’t use the back button, and make one mistake and you get locked out of your account. The whole thing is a colossal pain in the ass.<p>To solve 1) and 3), we wrapped an easy-to-use UI to buy I Bonds within Yotta. Users opt into Yotta creating a Treasury Direct account on their behalf, and we automate the painful part - interacting with Treasury Direct on the backend. This enables us to provide a great customer experience, making it easy for people to get the 9.62%. If anyone wants to control their Treasury Direct directly without Yotta, they can request it, and we will transfer over their account to no longer be managed by Yotta.<p>Hope you guys check it out and can take advantage of the 9.62% rate before 10/31! Note that if you already have a Treasury Direct account, we are unable to support you for I Bonds unfortunately.<p>Happy to answer any questions and looking forward to any feedback.<p>P.S. We were featured in Bloomberg for the launch last week if you want to check that out https://www.bloomberg.com/news/articles/2022-09-28/buying-i-bonds-there-s-an-easier-way-to-earn-9-62-interest
Show HN: Earn 9.62% on US Treasury I Bonds on Yotta
Hey all<p>My name is Adam, and I’m a co-founder at Yotta (YC S20), an app that uses behavioral psychology to help people save money by making saving exciting.<p>We built a feature on Yotta where you can earn 9.62% APY via US Treasury I Bonds. (https://www.withyotta.com/i-bonds)<p>This is an absurd yield for a security that is backed by the full faith and credit of the United States Government - the strongest guarantee you can get. For comparison, most high-yield savings accounts with FDIC coverage are paying ~2%.<p>The backstory:<p>I Bonds were established by the US Treasury in 1998 to provide returns linked to inflation to protect consumer purchasing power. The rate on I Bonds is determined from the last six months of CPI data and is adjusted twice per year. Inflation is typically around 2% per year, so I Bonds have never been relevant since the rate was never that attractive.<p>Inflation spiked in 2022 driving I Bonds reached a record high yield of 9.62% APY. If you buy them by October 31st, you lock in this rate for six months from the purchase date. In the last 12 months, around $27B has been deposited as a result of the insanely high yield. This compares to $348m in 2020. Note that you have to hold I Bonds for at least a year and you forgo 3 the last three months of earned interest if you redeem before five years. You can deposit a max of $10k into I Bonds per calendar year.<p>So if you can get 9.62% APY on a government backed security when savings accounts are yielding 2%, why doesn’t everyone have I Bonds?<p>A few reasons.<p>1. Most people have never heard of them.<p>2. People don’t want to tie up cash for a year in a CD-like product.<p>3. The only way to buy I Bonds has been on the world’s worst website, Treasury Direct. You have to fill out long forms, click on a virtual keyboard to type your password, can’t use the back button, and make one mistake and you get locked out of your account. The whole thing is a colossal pain in the ass.<p>To solve 1) and 3), we wrapped an easy-to-use UI to buy I Bonds within Yotta. Users opt into Yotta creating a Treasury Direct account on their behalf, and we automate the painful part - interacting with Treasury Direct on the backend. This enables us to provide a great customer experience, making it easy for people to get the 9.62%. If anyone wants to control their Treasury Direct directly without Yotta, they can request it, and we will transfer over their account to no longer be managed by Yotta.<p>Hope you guys check it out and can take advantage of the 9.62% rate before 10/31! Note that if you already have a Treasury Direct account, we are unable to support you for I Bonds unfortunately.<p>Happy to answer any questions and looking forward to any feedback.<p>P.S. We were featured in Bloomberg for the launch last week if you want to check that out https://www.bloomberg.com/news/articles/2022-09-28/buying-i-bonds-there-s-an-easier-way-to-earn-9-62-interest
Show HN: Earn 9.62% on US Treasury I Bonds on Yotta
Hey all<p>My name is Adam, and I’m a co-founder at Yotta (YC S20), an app that uses behavioral psychology to help people save money by making saving exciting.<p>We built a feature on Yotta where you can earn 9.62% APY via US Treasury I Bonds. (https://www.withyotta.com/i-bonds)<p>This is an absurd yield for a security that is backed by the full faith and credit of the United States Government - the strongest guarantee you can get. For comparison, most high-yield savings accounts with FDIC coverage are paying ~2%.<p>The backstory:<p>I Bonds were established by the US Treasury in 1998 to provide returns linked to inflation to protect consumer purchasing power. The rate on I Bonds is determined from the last six months of CPI data and is adjusted twice per year. Inflation is typically around 2% per year, so I Bonds have never been relevant since the rate was never that attractive.<p>Inflation spiked in 2022 driving I Bonds reached a record high yield of 9.62% APY. If you buy them by October 31st, you lock in this rate for six months from the purchase date. In the last 12 months, around $27B has been deposited as a result of the insanely high yield. This compares to $348m in 2020. Note that you have to hold I Bonds for at least a year and you forgo 3 the last three months of earned interest if you redeem before five years. You can deposit a max of $10k into I Bonds per calendar year.<p>So if you can get 9.62% APY on a government backed security when savings accounts are yielding 2%, why doesn’t everyone have I Bonds?<p>A few reasons.<p>1. Most people have never heard of them.<p>2. People don’t want to tie up cash for a year in a CD-like product.<p>3. The only way to buy I Bonds has been on the world’s worst website, Treasury Direct. You have to fill out long forms, click on a virtual keyboard to type your password, can’t use the back button, and make one mistake and you get locked out of your account. The whole thing is a colossal pain in the ass.<p>To solve 1) and 3), we wrapped an easy-to-use UI to buy I Bonds within Yotta. Users opt into Yotta creating a Treasury Direct account on their behalf, and we automate the painful part - interacting with Treasury Direct on the backend. This enables us to provide a great customer experience, making it easy for people to get the 9.62%. If anyone wants to control their Treasury Direct directly without Yotta, they can request it, and we will transfer over their account to no longer be managed by Yotta.<p>Hope you guys check it out and can take advantage of the 9.62% rate before 10/31! Note that if you already have a Treasury Direct account, we are unable to support you for I Bonds unfortunately.<p>Happy to answer any questions and looking forward to any feedback.<p>P.S. We were featured in Bloomberg for the launch last week if you want to check that out https://www.bloomberg.com/news/articles/2022-09-28/buying-i-bonds-there-s-an-easier-way-to-earn-9-62-interest
Show HN: Earn 9.62% on US Treasury I Bonds on Yotta
Hey all<p>My name is Adam, and I’m a co-founder at Yotta (YC S20), an app that uses behavioral psychology to help people save money by making saving exciting.<p>We built a feature on Yotta where you can earn 9.62% APY via US Treasury I Bonds. (https://www.withyotta.com/i-bonds)<p>This is an absurd yield for a security that is backed by the full faith and credit of the United States Government - the strongest guarantee you can get. For comparison, most high-yield savings accounts with FDIC coverage are paying ~2%.<p>The backstory:<p>I Bonds were established by the US Treasury in 1998 to provide returns linked to inflation to protect consumer purchasing power. The rate on I Bonds is determined from the last six months of CPI data and is adjusted twice per year. Inflation is typically around 2% per year, so I Bonds have never been relevant since the rate was never that attractive.<p>Inflation spiked in 2022 driving I Bonds reached a record high yield of 9.62% APY. If you buy them by October 31st, you lock in this rate for six months from the purchase date. In the last 12 months, around $27B has been deposited as a result of the insanely high yield. This compares to $348m in 2020. Note that you have to hold I Bonds for at least a year and you forgo 3 the last three months of earned interest if you redeem before five years. You can deposit a max of $10k into I Bonds per calendar year.<p>So if you can get 9.62% APY on a government backed security when savings accounts are yielding 2%, why doesn’t everyone have I Bonds?<p>A few reasons.<p>1. Most people have never heard of them.<p>2. People don’t want to tie up cash for a year in a CD-like product.<p>3. The only way to buy I Bonds has been on the world’s worst website, Treasury Direct. You have to fill out long forms, click on a virtual keyboard to type your password, can’t use the back button, and make one mistake and you get locked out of your account. The whole thing is a colossal pain in the ass.<p>To solve 1) and 3), we wrapped an easy-to-use UI to buy I Bonds within Yotta. Users opt into Yotta creating a Treasury Direct account on their behalf, and we automate the painful part - interacting with Treasury Direct on the backend. This enables us to provide a great customer experience, making it easy for people to get the 9.62%. If anyone wants to control their Treasury Direct directly without Yotta, they can request it, and we will transfer over their account to no longer be managed by Yotta.<p>Hope you guys check it out and can take advantage of the 9.62% rate before 10/31! Note that if you already have a Treasury Direct account, we are unable to support you for I Bonds unfortunately.<p>Happy to answer any questions and looking forward to any feedback.<p>P.S. We were featured in Bloomberg for the launch last week if you want to check that out https://www.bloomberg.com/news/articles/2022-09-28/buying-i-bonds-there-s-an-easier-way-to-earn-9-62-interest
Show HN: Sharing, command-line tool to share files with your phone
Sharing is a command-line tool to share directory and files with ios and android devices without an extra client app
Show HN: Sharing, command-line tool to share files with your phone
Sharing is a command-line tool to share directory and files with ios and android devices without an extra client app
Show HN: Sharing, command-line tool to share files with your phone
Sharing is a command-line tool to share directory and files with ios and android devices without an extra client app
Show HN: Sharing, command-line tool to share files with your phone
Sharing is a command-line tool to share directory and files with ios and android devices without an extra client app
Show HN: Async UI: A Rust UI Library Where Everything is a Future
Show HN: Async UI: A Rust UI Library Where Everything is a Future
Show HN: Async UI: A Rust UI Library Where Everything is a Future
Show HN: Generate code and diagrams from live infrastructure, AWS/Azure/GCP
Show HN: Generate code and diagrams from live infrastructure, AWS/Azure/GCP
Show HN: Let the computer be your unique t-shirt designer with Stable Diffusion
Show HN: Let the computer be your unique t-shirt designer with Stable Diffusion
Show HN: Let the computer be your unique t-shirt designer with Stable Diffusion
Can I DevTools?
Show HN: We designed and implemented graph projection feature
Hi all! I'm one of the developers that were working on this project for some time. In recent months, users started to ask us more frequently about the ability to run algorithms on a part of graph stored in database - subgraph. Now to do this, we extended the implementation of C API we had and brought to you the graph project feature that enables running algorithms on a specific subset of a graph stored in the database.<p>You can now do graph analysis with PageRank, degree centrality, betweenness centrality, or any other algorithm on subgraphs without any additional adjustments. Before you had to create new query procedure. You can fire up a graph machine learning algorithm, such as Temporal graph networks and split the dataset inside the query to do training and validation without splitting the dataset programmatically. And last but not least, you can use your graphics card to run one of cuGraph's algorithms on subgraph in terms of seconds.<p>You can find the whole explanation in blog post [1] and you can checkout the code at Memgraph GitHub [2]. Furthermore you can check cuGraph's algorithms we have integrated [3]<p>I'd like to hear your feedback on our approach. Also if you have any general feedback, just write it in the comments :)<p>[1] <a href="https://memgraph.com/blog/how-we-designed-and-implemented-graph-projection-feature" rel="nofollow">https://memgraph.com/blog/how-we-designed-and-implemented-gr...</a><p>[2] <a href="https://github.com/memgraph/memgraph/" rel="nofollow">https://github.com/memgraph/memgraph/</a><p>[3] <a href="https://memgraph.com/docs/mage/query-modules/cuda/cugraph" rel="nofollow">https://memgraph.com/docs/mage/query-modules/cuda/cugraph</a>
Show HN: We designed and implemented graph projection feature
Hi all! I'm one of the developers that were working on this project for some time. In recent months, users started to ask us more frequently about the ability to run algorithms on a part of graph stored in database - subgraph. Now to do this, we extended the implementation of C API we had and brought to you the graph project feature that enables running algorithms on a specific subset of a graph stored in the database.<p>You can now do graph analysis with PageRank, degree centrality, betweenness centrality, or any other algorithm on subgraphs without any additional adjustments. Before you had to create new query procedure. You can fire up a graph machine learning algorithm, such as Temporal graph networks and split the dataset inside the query to do training and validation without splitting the dataset programmatically. And last but not least, you can use your graphics card to run one of cuGraph's algorithms on subgraph in terms of seconds.<p>You can find the whole explanation in blog post [1] and you can checkout the code at Memgraph GitHub [2]. Furthermore you can check cuGraph's algorithms we have integrated [3]<p>I'd like to hear your feedback on our approach. Also if you have any general feedback, just write it in the comments :)<p>[1] <a href="https://memgraph.com/blog/how-we-designed-and-implemented-graph-projection-feature" rel="nofollow">https://memgraph.com/blog/how-we-designed-and-implemented-gr...</a><p>[2] <a href="https://github.com/memgraph/memgraph/" rel="nofollow">https://github.com/memgraph/memgraph/</a><p>[3] <a href="https://memgraph.com/docs/mage/query-modules/cuda/cugraph" rel="nofollow">https://memgraph.com/docs/mage/query-modules/cuda/cugraph</a>
Show HN: Dead Acquire – Sell your pre-revenue or dead side-project