 |
01-03-2015, 04:34 PM
|
#1
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
12 month CD rates
Just took a look at 12 month CD rates. Looks like 1.1% to 1.25% are currently available.
From December 14: Top 12-month CD rates surge to 3-year high | Interest.com
__________________
Retired since summer 1999.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
01-04-2015, 07:14 AM
|
#2
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
PenFed also offering 1.1% CD rates this month.
I think in Jan a year ago the offer was 0.75% for 1 year CDs at PenFed.
__________________
Retired since summer 1999.
|
|
|
|
|
01-04-2015, 02:43 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
I guess I'm the only one shopping for 1 year CDs today. 
__________________
Retired since summer 1999.
|
|
|
|
|
01-04-2015, 03:35 PM
|
#4
|
|
Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,357
|
Getting nearly 1% with an online savings account makes the 1-year CDs seem not worth the hassle. Thanks for the thought, though!
|
|
|
|
|
01-04-2015, 03:42 PM
|
#5
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
 Quote:
Originally Posted by braumeister
Getting nearly 1% with an online savings account makes the 1-year CDs seem not worth the hassle. Thanks for the thought, though!
|
It's for a block of money I won't need for 12 months exactly. So I'll take the 1.1% since I already have PenFed account and ACH transfers in place.
My online savings account is currently paying 0.85%, but I'm not willing to open another online savings and deal with yet another financial institution to bump that up to 0.9% or 0.95% at this moment. I'll be keeping my eye on things though.
__________________
Retired since summer 1999.
|
|
|
|
|
01-04-2015, 03:59 PM
|
#6
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,671
|
GE Capital is at 1.05% for savings and 1.1 for 12-month CD. I don't know why anyone would go the 12 month.
|
|
|
|
|
01-04-2015, 04:13 PM
|
#7
|
|
Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,357
|
Quote:
Originally Posted by audreyh1
but I'm not willing to open another online savings and deal with yet another financial institution to ...
|
Oh, I heard that!
|
|
|
|
|
01-04-2015, 04:51 PM
|
#8
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by jebmke
GE Capital is at 1.05% for savings and 1.1 for 12-month CD. I don't know why anyone would go the 12 month.
|
Because you are setting aside the money for one year?
But yeah, if you already have a savings account at GE capital, why bother with the CD.
That's interesting that GE Capital is offering a better savings rate than Sychrony which is their spinoff. I thought Synchrony would be more aggressive about attracting new money. Their savings rate is 1.00%
__________________
Retired since summer 1999.
|
|
|
|
|
01-04-2015, 05:05 PM
|
#9
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2013
Location: Southern California
Posts: 3,999
|
Barclays offers a 2.25% five year CD with a six month early withdrawal penalty. So if you withdraw after a year, you would earn 1.125%, and if for whatever reason you change your mind and don't need the cash, you will have earned double the rate for the year.
OK, not that great compared to the other one year rates I guess, but maybe a decent option for people who aren't sure they need the cash after one year?
|
|
|
|
|
01-04-2015, 05:48 PM
|
#10
|
|
Dryer sheet aficionado
Join Date: Jun 2014
Posts: 33
|
Many of the on line savings accounts like GE Capital specify:
- Rate is variable and may change after the Account is opened.
|
|
|
|
|
01-04-2015, 06:09 PM
|
#11
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
|
Quote:
Originally Posted by jebmke
GE Capital is at 1.05% for savings and 1.1 for 12-month CD. I don't know why anyone would go the 12 month.
|
If one thought interest rates would take another plunge within a few months one might wish to lock in that massive 1.1% rate. 😳
Sent from my iPad using Early Retirement Forum
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
|
|
|
|
|
01-04-2015, 06:30 PM
|
#12
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by ITTN
Many of the on line savings accounts like GE Capital specify:
- Rate is variable and may change after the Account is opened.
|
Good point!
Although I tend to believe that next year the trend will be up - gradually.
__________________
Retired since summer 1999.
|
|
|
|
|
01-05-2015, 06:35 AM
|
#13
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: dubuque
Posts: 1,174
|
next year as in 2015 or 2016?
|
|
|
|
|
01-05-2015, 06:48 AM
|
#14
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by frank
next year as in 2015 or 2016?
|
Oops - I'm meant in the next year, meaning this year - 2015. Thanks.
__________________
Retired since summer 1999.
|
|
|
|
|
01-05-2015, 06:49 AM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
|
Quote:
Originally Posted by Ready
Barclays offers a 2.25% five year CD with a six month early withdrawal penalty. So if you withdraw after a year, you would earn 1.125%, and if for whatever reason you change your mind and don't need the cash, you will have earned double the rate for the year.
OK, not that great compared to the other one year rates I guess, but maybe a decent option for people who aren't sure they need the cash after one year?
|
That's a good suggestion. If I thought it likely the cash would stay there longer I'd be very tempted.
__________________
Retired since summer 1999.
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
