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Best CD rates in the country ?
Old 08-12-2016, 08:20 AM   #1
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Best CD rates in the country ?

What are the best current CD rates you've found with no maximum on the amount deposited, seems there are plenty that offer really good rates that cap the CD at $15,000 or $20,000. The best rate I've found is GE credit union at 2.75%, but I'm not eligible for membership, lol.
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Old 08-12-2016, 08:43 AM   #2
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Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
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Old 08-12-2016, 09:47 AM   #3
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Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
Thanks Jazz, I had not tried that site.
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Old 08-12-2016, 10:10 AM   #4
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Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
Despite a better than current best 2% for 5 years CD, Melrose CU is weak financially with only 2 star current rating, they had losses from small taxi licenses loans, that is the reason of higher rate. Yet the CD will be insured.
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Old 08-12-2016, 11:12 AM   #5
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What are the best current CD rates you've found with no maximum on the amount deposited, seems there are plenty that offer really good rates that cap the CD at $15,000 or $20,000. The best rate I've found is GE credit union at 2.75%, but I'm not eligible for membership, lol.
Wow, 2.75% would be great! But I'm not eligible either. I suppose I'd recommend jumping on the Melrose 2.32% 5 year CD. I almost did, but I decided to stay with my 1.83% 5 year at my own credit union, since half a percent doesn't actually amount to much, based on the principal amount I'm thinking of. It's true Melrose is having defaults of taxi drivers in NYC due to the Uber competition. But the cd would be insured by NCUA of course.

I was lucky enough to get in on the 3 % PenFed frenzy of a couple years ago.
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Old 08-12-2016, 11:17 AM   #6
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Yeah, I really wonder what PenFed will be doing this December to keep our deposits.
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Old 08-12-2016, 11:25 AM   #7
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Yeah, I really wonder what PenFed will be doing this December to keep our deposits.
Probably about the same thing they did last December....nothing.
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Old 08-12-2016, 11:27 AM   #8
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You may be right... in which case... back to Vanguard... it was nice while it lasted.
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Old 08-12-2016, 11:33 AM   #9
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You may be right... in which case... back to Vanguard... it was nice while it lasted.
They offered 1.5% CD's for 15 months earlier this year and I grabbed a couple. That's the best I have seen from PenFed since the 3% ones.
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Old 08-12-2016, 11:57 AM   #10
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I thought PenFed, at one time, anyway, was offering existing cd holders the same rate for renewal. As in, if your 3% CD is expiring, we'll let you renew it at 3%. NO?
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Old 08-12-2016, 12:29 PM   #11
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I'd jump at that. Hope you are right.
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Old 08-12-2016, 12:51 PM   #12
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We are still happy with our 5 year 3% CD(s) from Pen Fed. They expire in 2019, we may be miserable then. We are living off the income.
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Old 08-12-2016, 12:57 PM   #13
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You are correct... I was confused on the dates... mine don't mature until Dec 2018 (for some reason I had 2016 in my head), so that is good. IIRC I originally went for the 3 years and then switched to the 5 year. Glad that I did.
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Old 08-12-2016, 01:38 PM   #14
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I thought PenFed, at one time, anyway, was offering existing cd holders the same rate for renewal. As in, if your 3% CD is expiring, we'll let you renew it at 3%. NO?

I don't ever recall that deal and I monitor Penfed closely. They had a special reserved for maturing CDs but the rates were a bit lower. What I've noticed is limited offers for oddball maturities like 15 or 39 months. It seems like they expect rates will be lower in 15 months!


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Old 08-12-2016, 01:41 PM   #15
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NASA FCU still has 2% 49 months. Membership is open.


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Old 08-12-2016, 02:56 PM   #16
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After reading the start of this thread, I had to go check the maturity on my PenFed CD's. Mine mature in Dec. 2018, so 2 1/2 years to go.

I picked up 2% 5 year CDs at Langley Federal Credit Union back in January.

My 7 year 4%'s at a regional bank come due this November though. .
My 5 year 5% already matured. , .

Who would have thought back in 2008 we would be at these interest rates.
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Old 08-12-2016, 03:35 PM   #17
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I feel like a squirrel running around burying nuts in a bunch of places just to get more than 0%


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Old 08-12-2016, 04:22 PM   #18
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We buy munis over CD's to keep MAGI down.
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Old 08-12-2016, 04:45 PM   #19
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We buy munis over CD's to keep MAGI down.
This is why we do not do Munis. I am not implying anything other than it is too risky for us at our stage in life and available nest egg.


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Old 08-12-2016, 08:30 PM   #20
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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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