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01-17-2019, 02:52 PM
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#121
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,226
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Quote:
Originally Posted by Rosie
Wow, thanks for the heads up! I'm logged on to my Ally account and my dashboard doesn't show the new interest rate yet, just the old 2% rate. But the new 2.2% rate does show up in the Explore Products & Rates section - I guess my dashboard hasn't been updated yet. Or maybe they hate me ...
I was thinking of moving some funds but now I won't bother, unless the NP CDs follow with an interest rate jump of their own. So thanks for saving me some hassle!
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As a reminder, the Ally "No Penalty CD" is at 2.30%. Only need to keep the CD for 6 days without penalty.
__________________
TGIM
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01-17-2019, 06:26 PM
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#122
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Recycles dryer sheets
Join Date: Nov 2006
Posts: 321
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Quote:
Originally Posted by Dtail
As a reminder, the Ally "No Penalty CD" is at 2.30%. Only need to keep the CD for 6 days without penalty.
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This is correct for the No Penalty CDs with $25,000 or more. I just bumped mine up to the higher rate as well.
However for No Penalty CDs under that amount, the interest is lower -- 2.15% for $5000 - $24999, and a paltry 1.8% for $1 - $4999.
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01-17-2019, 09:56 PM
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#123
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
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Quote:
Originally Posted by almost there
Getting $100.00 at Navy for opening a new IRA. 3.75% 40 month 150K max.
Nothing though for my new 3,25% 17 month 50k max regular CD.
$100.00 not a big deal, but better than nothing...Great rates though..
https://www.navyfederal.org/savings-...save-money.php
Ally 5 yr still at 3.1%. Schwab down to 3.2%. Opened a new IRA at Pen Fed 3.4% 5 yr.
Mountain America Cr union still at 3.51% / for months now...
Pays to shop.
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My DH and I both just did IRA transfer to NFCU's 40 month CD and received no bonus? I didn't even know there was a bonus. How did you hear about it?
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01-18-2019, 02:29 AM
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#124
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by Debinnov a
My DH and I both just did IRA transfer to NFCU's 40 month CD and received no bonus? I didn't even know there was a bonus. How did you hear about it?
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It's a $100 bonus for opening your 1st IRA at NFCU. See here 1/2 way down the page:
https://www.navyfederal.org/savings-...save-money.php
Edit: I can't recall where I heard about it, but it was mentioned in post #723 and #724 last month.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-18-2019, 08:43 AM
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#125
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,776
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I just noticed Penfed dropped their 5 year and 7 year CD rate from 3.5% APY to 3.35% APY for non-IRA CD.
So I just got in under the wire on the 3.50% deal. Got into a bunch of those a few days ago! But my old Penfed CDs which are renewing 1/24/19 will be renewing at the new 3.35% rate, assuming no further change. Arghhh. Oh well, I'm not going to shop around for a better deal.
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01-18-2019, 09:00 AM
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#126
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Quote:
Originally Posted by John Galt III
I just noticed Penfed dropped their 5 year and 7 year CD rate from 3.5% APY to 3.35% APY for non-IRA CD.
So I just got in under the wire on the 3.50% deal. Got into a bunch of those a few days ago! But my old Penfed CDs which are renewing 1/24/19 will be renewing at the new 3.35% rate, assuming no further change. Arghhh. Oh well, I'm not going to shop around for a better deal.
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This is not good news with the lowering of the 5 year rate!
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01-18-2019, 09:25 AM
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#127
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by powerplay
This is not good news with the lowering of the 5 year rate!
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Thanks for the heads up. This got me to look around at PenFed’s other rates. The 5-7 yr IRA CDs were also lowered .1% to 3.25%. Good news is the Premium High Yield Savings went UP .35% to 2%! This is my local B&M stash account.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-18-2019, 11:21 AM
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#128
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,002
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Yeah I noticed - MM fund rates have been creeping lower as have short-term CDs. Time to lock-in rates if you can.
__________________
Retired since summer 1999.
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01-18-2019, 11:31 AM
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#129
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Seattle-ish
Posts: 1,156
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Just got an email notice from Ally Bank that they've raised their savings account rate, for all balances, to 2.20%.
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01-18-2019, 11:42 AM
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#130
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,002
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Quote:
Originally Posted by Birdie Num Nums
Just got an email notice from Ally Bank that they've raised their savings account rate, for all balances, to 2.20%.
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Fortunately high yield savings rates are still gradually moving up.
But CDs - not so much.
__________________
Retired since summer 1999.
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01-18-2019, 12:47 PM
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#131
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,664
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Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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01-19-2019, 05:05 AM
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#132
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Dryer sheet wannabe
Join Date: Jan 2018
Posts: 15
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Quote:
Originally Posted by ShokWaveRider
Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
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How hard is it to be a member and are they easy to deal with for transferring funds when it comes to closing out?
Slepp
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01-19-2019, 05:35 AM
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#133
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,664
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Quote:
Originally Posted by Slepp
How hard is it to be a member and are they easy to deal with for transferring funds when it comes to closing out?
Slepp
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https://www.depositaccounts.com/bank...dit-union.html
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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01-21-2019, 10:01 AM
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#134
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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I just opened an account at NFCU to get the 17 month CD. Says 3 to 5 business days for approval. I'm not sure but is it they have to look at your credit reports? I froze all my credit after the Equifax fiasco seeing we never use credit nowadays.
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01-21-2019, 10:05 AM
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#135
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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That was my understanding when I opened a NFCU membership last week. I unfroze my credit for 48 hours and all appears to be in order as I await the transfer of IRA $ from Vanguard to a CD at Navy.
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Numbers is hard
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01-21-2019, 10:34 AM
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#136
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Full time employment: Posting here.
Join Date: Sep 2008
Posts: 999
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Not sure why IRA's takes so long to transfer? Even if you pay the $20.00 wire fee.
Ally to Navy 16 days....(Ally somehow botched the wire and mailed it) ......
Ally to PenFed (should fund today) day #13. (But who knows)...
Got a scare Sat when I called into PenFed to see how it was going. The 5 yr dropped to 3.25% and the flunky on the phone said thats what I would be getting. The lower rate...Called in today and was told I would get the higher rate I signed up for. Always something....
__________________
"I couldn't wait for success, so I went ahead without it." Ret. 2013 @ 51.
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01-21-2019, 11:11 AM
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#137
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,341
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I WAS going to transfer my IRA Trad/Roth from PFCU to US Senate FCU which was offering until last week 3.69 APY on 5 years but they have normal EWP on IRA except for their portion of your RMD. I contacted Connexus CU and was "assured" by an IRA Specialist that they do not have a EWP for any withdrawals but if you transfer your the balance of your IRA certificate, they will charge only $30. It is certainly worth it. I applied for Connexus membership this past Friday and this Monday (they're open) and I was approved in the early morning. That was super fast.
I had also previously applied at another CU Premier for their decent short term certificates on 1/7 and after 2 weeks and several calls, they still have not approved my membership.
__________________
I look to the present moment because that's where I live my life.
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01-21-2019, 11:19 AM
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#138
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 297
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Yes, I think they do a soft credit check for all new CDs.
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01-21-2019, 11:34 AM
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#139
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,955
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It's not just checking credit, this is also the source of the ID confirmation questions like:
"Who was the buyer of the house you sold in 1994?"
(State Farm required this answer before I could pay a bill online... multiple choice didn't help because it was 24 years and 3 houses ago, and I never met the buyers)
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01-21-2019, 02:21 PM
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#140
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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Quote:
Originally Posted by almost there
Not sure why IRA's takes so long to transfer? Even if you pay the $20.00 wire fee.
Ally to Navy 16 days....(Ally somehow botched the wire and mailed it) ......
Ally to PenFed (should fund today) day #13. (But who knows)...
Got a scare Sat when I called into PenFed to see how it was going. The 5 yr dropped to 3.25% and the flunky on the phone said thats what I would be getting. The lower rate...Called in today and was told I would get the higher rate I signed up for. Always something....
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I've had many, many issues moving IRA CD funds around. In particular Ally to NFCU IRA transfer times are similar to what you reported above. Funds seem to leave Ally promptly and show up at NFCU many days later. I assume they mail the funds to NFCU but Ally refuses to send check to me made payable to NFCU as Fidelity does routinely. No delays due to account opening as I am longtime member
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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