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Old 11-11-2017, 03:55 PM   #61
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My current cutoff for CDs is 2.5%, for no more than 3 years. If I can't find such a deal, I'll use I Bonds or short term bond funds instead.


I'll take some of those. Let us know if you find them. I'll getting 1.92 on the Penfed 3 yr currently and agree the I bond/ ST funds look better.
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Old 11-11-2017, 06:54 PM   #62
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Hmmm - it's November. Usually deals show up by now.
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Old 11-13-2017, 10:37 PM   #63
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I went into Penfed today to drop off some paperwork. The 3yr IRA CD rate is a tad lower than I posted earlier....1.87 vs. 1.92 for taxable CD. I asked about end of year deals and they said if rates change it will be on the 1st of the month and members are notified at the same time as the CSRs. I don't think it's accurate that rates only change on the 1st.
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Old 11-16-2017, 02:17 PM   #64
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Ally now offers a 12 month "high yield" CD for 1.65%. Minimum $25K deposit.
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Old 11-16-2017, 08:26 PM   #65
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Ally now offers a 12 month "high yield" CD for 1.65%. Minimum $25K deposit.
Goldman Sachs and Capital One offer the same rate, with $500 and no minimum respectively, per www.depositaccounts.com.
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Old 11-17-2017, 12:42 AM   #66
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.......................... The 3yr IRA CD rate is a tad lower than I posted earlier....1.87 vs. 1.92 for taxable CD. ...............
I was surprised by this too when IRA CD renewed. Rep explained that IRA CDs have a component of no-penalty liquidity (for RMDs for example) .......so just as savings account typically has lower rates vs longer term CDs , IRA CDs typically have lower rates than non-IRA CDs.
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Old Yesterday, 09:45 AM   #67
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I got an email from Ally Bank that said I would get an additional 0.05% on my renewing CDs as a "loyalty bonus" which would bump the 11 month no penalty CD from 1.5% to 1.55%.
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Old Yesterday, 12:51 PM   #68
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I was surprised by this too when IRA CD renewed. Rep explained that IRA CDs have a component of no-penalty liquidity (for RMDs for example) .......so just as savings account typically has lower rates vs longer term CDs , IRA CDs typically have lower rates than non-IRA CDs.


Interesting. I am intrigued that you received this explanation (or any at all for that matter). It means I am being charged the RMD liquidity expense even though my CDs mature well before I reach RMD phase. Most of my other credit unions offer the same rate for taxable and IRA products, although the maturities available sometimes differ.
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Old Yesterday, 02:54 PM   #69
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Yes, please do! I just had a significant CD mature, and I just rolled it into my savings account since I didn't see anything worth putting it in. A nice 3% or so like the one from Pen Fed a few years ago would be sweet.
Yep, that was nice and have one more year to go on them. Nothing after 4 years still doesn't come close.
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