CIT has an 11 month no penalty cd at 1.55, minimum deposit of $1000:
https://www.bankoncit.com/no-penalty-cd/
https://www.bankoncit.com/no-penalty-cd/
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
Ally Bank 11-month no penalty CD is now 1.60% ($25k min).Online banks have already been offering some better deals on CDs this year such as the Ally Bank 1.5% 11 month no penalty CD.
Thanks for pointing that out. I have a CD maturing early next year so I opened a $100 15 month CD as a place holder and that way I can tip the maturing CD proceeds in if I cannot find anything better.
Ally Bank 11-month no penalty CD is now 1.60% ($25k min).
I have their savings account so when I closed the old 1.50% CD, the funds were immediately available in the savings account to purchase the new CD. The whole process took less than 5 minutes.
Someone help me out. I am getting ready to deposit about $85k in a newly opened Fidelity Cash Management account. As I looked at CD's, there is a CD Ladder modeler which has a 1 year ladder (3 mo - 1.40, 6 mo - 1.50, 9 mo - 1.60 and 12 mo - 1.70).
This seems like a nice way to get an APY of about 1.55, and be able to possibly catch any increases.
Since I am new at this, does anyone know any traps with Fidelity CD investing?
I wouldn't call it a trap, but some folks don't like brokered CD's which is what Fido offers. They have a decent explanation (pros and cons) in the resource list adjacent to the CD ladder tool.
https://www.fidelity.com/fixed-income-bonds/cds
I wouldn't call it a trap, but some folks don't like brokered CD's which is what Fido offers. They have a decent explanation (pros and cons) in the resource list adjacent to the CD ladder tool.
https://www.fidelity.com/fixed-income-bonds/cds
In addition to this trading fee, if you're selling the CD you will also receive less than the initial value of the CD. All this applies if you sell the CD before maturity.
Lastly, interest on a brokered CD does NOT compound - it simply gets deposited in your settlement account. If you invested $10000 in a 5 year, 2.5% CD - you would see $125 deposited in your settlement account every 6 months for 5 years.
I just read this as I'm interested in learning a bit about bonds.
"Purchases (and sales) of secondary CDs incur a trading fee of $1 per CD (1 CD = $1,000 par value)."
Does this mean if I buy a $50,000 bond, the trading free would be $50 to buy and later $50 to sell it ?
Reading this, it seems New Issue don't have the fee?