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Old 08-13-2016, 07:30 AM   #21
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Thanks everyone, I was hoping to find something closer to 3%, so far besides Melrose, 2.25 is about as good as I've found and they are some what local to me.

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Old 08-13-2016, 07:37 AM   #22
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Thanks everyone, I was hoping to find something closer to 3%, so far besides Melrose, 2.25 is about as good as I've found and they are some what local to me.

Interest Rates | Community Financial Services Bank | Benton - Murray - Paducah | Kentucky - KY
I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
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Old 08-13-2016, 07:45 AM   #23
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I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
I'm pretty sure people thought the same 3 years ago.... and sounds like many are now glad they chose the 5-yr CD.
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Old 08-13-2016, 07:53 AM   #24
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I understand and have thought rates would have increased for a while now. I have found a 2% 33 month CD.
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Old 08-13-2016, 08:20 AM   #25
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I'm pretty sure people thought the same 3 years ago.... and sounds like many are now glad they chose the 5-yr CD.
+1. The Feds are only talking about raising the rate while economy is not there for it. Yet what might force them is a lower world dollar demand due to re balancing of the SDR (IMF) currency basket -a potential higher inflation here.
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Old 08-13-2016, 09:25 AM   #26
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I am not sure I would invest a chunk at cash for 63 months in a "potentially" rising interest rate market.
63 months.....another oddball term to maturity. If the early withdrawal penalty is not too bad you are not locked out if rates rise significantly. The EWD penalty at Andrews FCU is 6 months interest. I think there is an EWD penalty calculator around somewhere.
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Old 08-13-2016, 09:36 AM   #27
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Actually the 3% for 84 months with a 6 month EWD penalty looks pretty good to me compared to intermediate-term investment-grade corporate bonds. Better return but no interest rate risk and an easy out if rates rise.
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Old 08-13-2016, 05:12 PM   #28
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If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.

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I'm guessing this is an option for people who invest their IRA's in the bonds only?
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Old 08-13-2016, 06:56 PM   #29
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I'm guessing this is an option for people who invest their IRA's in the bonds only?
You can transfer over only part of your IRA. The rest can be in stocks or other investments. The insurance limit means you don't want to move your entire IRA anyway (assuming it's more than $200k if reinvesting interest or $250k if distributing interest).
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Old 08-14-2016, 08:13 AM   #30
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63 months.....another oddball term to maturity. If the early withdrawal penalty is not too bad you are not locked out if rates rise significantly. The EWD penalty at Andrews FCU is 6 months interest. I think there is an EWD penalty calculator around somewhere.
www.depositaccounts.com has one that looks pretty good in the >Tools and Calculators< tab. That 6 month penalty looks pretty good. I would consider buying several 84mo CDs to create a ladder using early withdrawals beyond 24 mos.
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Old 08-14-2016, 10:02 AM   #31
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If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.

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Argghhh! Always a catch. Don't have much in IRA. Most in regular CD's and 401K.
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Best CD rates in the country ?
Old 08-14-2016, 10:34 AM   #32
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Best CD rates in the country ?

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Argghhh! Always a catch. Don't have much in IRA. Most in regular CD's and 401K.

You can usually transfer/roll 401k assets into an IRA w/ no penalty. Have you checked your plan?


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Old 08-14-2016, 12:22 PM   #33
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You can usually transfer/roll 401k assets into an IRA w/ no penalty. Have you checked your plan?


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Thanks, Jazz4cash. I'll check into it.
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Old 08-14-2016, 04:33 PM   #34
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NFCU has had some outstanding rates recently, but you need a military connection to get on board. The 2.5% 30 month CD I got in December looks better every day, but not a good as the 5% 12 month CD I had the year before.
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Old 08-14-2016, 07:23 PM   #35
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NFCU has had some outstanding rates recently, but you need a military connection to get on board. The 2.5% 30 month CD I got in December looks better every day, but not a good as the 5% 12 month CD I had the year before.

Yeah I love NFCU too but it looks like Andrews FCU has them beat right now AND they have open membership so I guess I have one more spot to bury some nuts.


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Old 08-30-2016, 08:25 PM   #36
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If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.

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I did this today. Went into the branch and customer service was good. Thanks!


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Old 08-30-2016, 08:56 PM   #37
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Has anyone here thought about dividend bearing stocks in utilities etc. instead of CDs? At these rates, man, it's just brutal.
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Old 08-30-2016, 11:09 PM   #38
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Nope, but have bought some preferred utility shares as they pay 6% ->7%
I view them as my "sorta bonds".
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Old 08-31-2016, 08:59 AM   #39
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Has anyone here thought about dividend bearing stocks in utilities etc. instead of CDs? At these rates, man, it's just brutal.
Yes, I own T now and several other stocks that aren't utility but pay good dividends " GE, F, PFC, WFC " and will buy more or just buy VPU. But I'm looking to just park some money for a while or least not dump a large amount of money in the market all at one time. So at this point, I'll wait till September to see if the feds raise rates.
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Old 08-31-2016, 04:48 PM   #40
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Yes, I own T now and several other stocks that aren't utility but pay good dividends " GE, F, PFC, WFC " and will buy more or just buy VPU. But I'm looking to just park some money for a while or least not dump a large amount of money in the market all at one time. So at this point, I'll wait till September to see if the feds raise rates.
+1 I think between September and Nov election we may see some changes in Feds monetary policy.
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