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Old 01-17-2019, 02:52 PM   #121
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Originally Posted by Rosie View Post
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!
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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Old 01-17-2019, 06:26 PM   #122
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Originally Posted by Dtail View Post
As a reminder, the Ally "No Penalty CD" is at 2.30%. Only need to keep the CD for 6 days without penalty.
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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Old 01-17-2019, 09:56 PM   #123
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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.
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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Old 01-18-2019, 02:29 AM   #124
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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?
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.
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Old 01-18-2019, 08:43 AM   #125
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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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Old 01-18-2019, 09:00 AM   #126
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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.

This is not good news with the lowering of the 5 year rate!
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Old 01-18-2019, 09:25 AM   #127
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This is not good news with the lowering of the 5 year rate!


Thanks for the heads up. This got me to look around at PenFedís 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.
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Old 01-18-2019, 11:21 AM   #128
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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.
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Old 01-18-2019, 11:31 AM   #129
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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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Old 01-18-2019, 11:42 AM   #130
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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%.
Fortunately high yield savings rates are still gradually moving up.

But CDs - not so much.
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Old 01-18-2019, 12:47 PM   #131
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Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
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Old 01-19-2019, 05:05 AM   #132
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Connexus Credit Union's 60-Month CD Now Earns 3.63% APY
How hard is it to be a member and are they easy to deal with for transferring funds when it comes to closing out?
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Old 01-19-2019, 05:35 AM   #133
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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
https://www.depositaccounts.com/bank...dit-union.html
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Old 01-21-2019, 10:01 AM   #134
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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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Old 01-21-2019, 10:05 AM   #135
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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.
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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Old 01-21-2019, 10:34 AM   #136
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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....
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Old 01-21-2019, 11:11 AM   #137
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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.
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Old 01-21-2019, 11:19 AM   #138
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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.
Yes, I think they do a soft credit check for all new CDs.
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Old 01-21-2019, 11:34 AM   #139
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... 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.

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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Old 01-21-2019, 02:21 PM   #140
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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'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
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