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09-20-2018, 06:11 AM
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#221
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Recycles dryer sheets
Join Date: Oct 2009
Posts: 246
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Quote:
Originally Posted by njhowie
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).
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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.
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09-20-2018, 06:29 AM
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#222
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Quote:
Originally Posted by Henry Lili
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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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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09-20-2018, 08:00 AM
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#223
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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: 38,011
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Quote:
Originally Posted by Henry Lili
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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Banks and credit unions that have ACH limits handle larger transfers initiated by other financial institutions just fine. So you aren’t really bound by those limits.
__________________
Retired since summer 1999.
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09-20-2018, 08:15 AM
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#224
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Recycles dryer sheets
Join Date: Oct 2009
Posts: 246
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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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09-20-2018, 11:24 AM
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#225
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Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 797
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Marcus (Goldman Sachs) savings is now at 1.9%
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09-21-2018, 01:19 PM
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#226
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 564
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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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09-21-2018, 03:24 PM
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#227
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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: 11,233
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Quote:
Originally Posted by mountaintosea
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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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?
__________________
TGIM
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09-21-2018, 03:33 PM
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#228
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 4,172
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Quote:
Originally Posted by Dtail
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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basically the same
https://www.gobankingrates.com/banki...cua-insurance/
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09-21-2018, 04:05 PM
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#229
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 564
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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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09-21-2018, 09:28 PM
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#230
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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: 11,233
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Quote:
Originally Posted by kaneohe
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Thanks. Still not sure yet if this Credit Union is federally insured or is privately insured.
__________________
TGIM
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09-21-2018, 09:30 PM
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#231
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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: 11,233
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Quote:
Originally Posted by mountaintosea
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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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.
__________________
TGIM
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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here
09-21-2018, 09:39 PM
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#232
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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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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here
Quote:
Originally Posted by Dtail
Thanks. Still not sure yet if this Credit Union is federally insured or is privately insured.
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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.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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09-21-2018, 09:56 PM
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#233
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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: 11,233
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Quote:
Originally Posted by jazz4cash
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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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.
__________________
TGIM
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09-21-2018, 10:30 PM
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#234
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
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Quote:
Originally Posted by Dtail
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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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.
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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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09-22-2018, 05:41 AM
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#235
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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: 11,233
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Quote:
Originally Posted by copyright1997reloaded
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Okay then, thanks so much.
__________________
TGIM
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09-22-2018, 12:20 PM
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#236
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 564
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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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09-22-2018, 12:22 PM
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#237
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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: 7,667
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Quote:
Originally Posted by mountaintosea
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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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.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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09-22-2018, 12:26 PM
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#238
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
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That and it is a benefit that he can walk into a local branch rather than doing everything online.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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09-22-2018, 12:28 PM
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#239
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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: 38,011
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Quote:
Originally Posted by mountaintosea
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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I find that many gripers come out in reviews on the general finance websites. You’d have to compare with other credit union reviews to get a feel.
__________________
Retired since summer 1999.
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09-22-2018, 01:09 PM
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#240
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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: 11,233
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Quote:
Originally Posted by mountaintosea
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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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.
__________________
TGIM
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