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Old 09-20-2018, 07:11 AM   #221
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It is a money market account. Slightly different. There's a $25k minimum balance to get that rate. Many folks have also indicated they are not happy with the customer service from "Customers" (poor and non-existent).
I have had an account there before. Never had a problem. I called with questions about this offering and the rep was on point and pleasent. Also, opening this on-line account was easy. They will ACH up to $50k to initially fund the account. Beyond that, check or wire. Possibly electronic but may have a daily limit of some sort.
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Old 09-20-2018, 07:29 AM   #222
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I have had an account there before. Never had a problem. I called with questions about this offering and the rep was on point and pleasent. Also, opening this on-line account was easy. They will ACH up to $50k to initially fund the account. Beyond that, check or wire. Possibly electronic but may have a daily limit of some sort.
That's good to hear. I was looking at the comments on depositaccounts.com last month and shied away from opening an account because of them.
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Old 09-20-2018, 09:00 AM   #223
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I have had an account there before. Never had a problem. I called with questions about this offering and the rep was on point and pleasent. Also, opening this on-line account was easy. They will ACH up to $50k to initially fund the account. Beyond that, check or wire. Possibly electronic but may have a daily limit of some sort.
Banks and credit unions that have ACH limits handle larger transfers initiated by other financial institutions just fine. So you arenít really bound by those limits.
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Old 09-20-2018, 09:15 AM   #224
Recycles dryer sheets
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Yeah. I usually move sums out of a brokerage account or Allly so haven't run into that issue. Was just pointing it out as it's a bit fuzzy in the copy on the site. At least to me.
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Old 09-20-2018, 12:24 PM   #225
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Marcus (Goldman Sachs) savings is now at 1.9%
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Old 09-21-2018, 02:19 PM   #226
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For those in Florida.


Headquartered in Tampa, floridacentral Credit Union’s field of membership (FOM) is primarily residency-based, with individuals who live, work, or worship in the Florida counties or Charlotte, DeSoto, Hillsborough, Lake, Manatee, Orange, Pasco, Pinellas, Polk, or Sarasota eligible to join.



15-month Promotion CD, 3.56% APY ($25,000 min), 4.07% APY ($50,000.01 min), new money


https://www.depositaccounts.com/bank...-union/offers/
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Old 09-21-2018, 04:24 PM   #227
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For those in Florida.


Headquartered in Tampa, floridacentral Credit Unionís field of membership (FOM) is primarily residency-based, with individuals who live, work, or worship in the Florida counties or Charlotte, DeSoto, Hillsborough, Lake, Manatee, Orange, Pasco, Pinellas, Polk, or Sarasota eligible to join.



15-month Promotion CD, 3.56% APY ($25,000 min), 4.07% APY ($50,000.01 min), new money


https://www.depositaccounts.com/bank...-union/offers/
That is a great rate. This credit union is 5 minutes from my house.
Not familiar with credit unions in terms of FDIC type protection. How does that work?
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Old 09-21-2018, 04:33 PM   #228
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That is a great rate. This credit union is 5 minutes from my house.
Not familiar with credit unions in terms of FDIC type protection. How does that work?
basically the same

https://www.gobankingrates.com/banki...cua-insurance/
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Old 09-21-2018, 05:05 PM   #229
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Dtail,


It's the first I've seen. To me it means more to come, hopefully for the rest of us.
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Old 09-21-2018, 10:28 PM   #230
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Thanks. Still not sure yet if this Credit Union is federally insured or is privately insured.
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Old 09-21-2018, 10:30 PM   #231
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Dtail,


It's the first I've seen. To me it means more to come, hopefully for the rest of us.
Thanks again for posting. Yes let's hope for everyone for 4%+ rates.
Will most likely go to the credit union tomorrow to check it out.
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Old 09-21-2018, 10:39 PM   #232
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Thanks. Still not sure yet if this Credit Union is federally insured or is privately insured.


The answer is contained in the link above:
The NCUA, much like the FDIC, is an independent federal agency.

Edit: Also the depositaccounts profile says:
Please refer to our financial overview of floridacentral Credit Union (NCUA Charter # 67668) for more details.
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Old 09-21-2018, 10:56 PM   #233
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The answer is contained in the link above:
The NCUA, much like the FDIC, is an independent federal agency.

Edit: Also the depositaccounts profile says:
Please refer to our financial overview of floridacentral Credit Union (NCUA Charter # 67668) for more details.
I see now. Thanks.

Edit - when I look up the charter#, it states that it a non federal credit union, so still wondering if it is covered by Private Insurance.
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Old 09-21-2018, 11:30 PM   #234
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I see now. Thanks.

Edit - when I look up the charter#, it states that it a non federal credit union, so still wondering if it is covered by Private Insurance.
From their (Florida central) web site:
Quote:
Q. Who regulates credit unions?

A. The State of Florida regulates state-chartered credit unions like Florida Central. The National Credit Union Administration (NCUA), an agency of the Federal Government, insures our members' deposits up to $250,000 and separately insures traditional and Roth IRA accounts up to $250,000.
linky: https://www.floridacentralcu.com/about-us/faq.html

All disclaimers apply. (In other words, my research on this is limited to a few google searches.)
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Old 09-22-2018, 06:41 AM   #235
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From their (Florida central) web site:


linky: https://www.floridacentralcu.com/about-us/faq.html

All disclaimers apply. (In other words, my research on this is limited to a few google searches.)
Okay then, thanks so much.
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Old 09-22-2018, 01:20 PM   #236
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Dtail,
Might want to look at customer reviews. It seems what reviews there are, they aren't too happy with this credit union. Looks like 50/50.
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Old 09-22-2018, 01:22 PM   #237
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Dtail,
Might want to look at customer reviews. It seems what reviews there are, they aren't too happy with this credit union. Looks like 50/50.
It is only rated B+ but as long as investment is below $250k it should be fine. And you will not need to talk to them once the CD is purchased until it matures.
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Old 09-22-2018, 01:26 PM   #238
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That and it is a benefit that he can walk into a local branch rather than doing everything online.
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Old 09-22-2018, 01:28 PM   #239
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Dtail,
Might want to look at customer reviews. It seems what reviews there are, they aren't too happy with this credit union. Looks like 50/50.
I find that many gripers come out in reviews on the general finance websites. Youíd have to compare with other credit union reviews to get a feel.
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Old 09-22-2018, 02:09 PM   #240
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Dtail,
Might want to look at customer reviews. It seems what reviews there are, they aren't too happy with this credit union. Looks like 50/50.
Yes, looked at them. Since I only want the CD and no other services from them, it shouldn't be a problem.
Plus, I can always go there personally if any issues.
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