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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 11-22-2017, 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 11-22-2017, 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 11-22-2017, 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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Old 11-27-2017, 12:02 PM   #70
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I just got notice from Synchrony of their "Cyber Week Special" deal of 1.75% for 13 months available through Dec 3. https://www.synchronybank.com/home/?UISCode=0000000
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Old 11-27-2017, 05:25 PM   #71
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I just got notice from Synchrony of their "Cyber Week Special" deal of 1.75% for 13 months available through Dec 3. https://www.synchronybank.com/home/?UISCode=0000000
Just be sure you don't ever need to cash it early as their penalties jump once over 12 months..
If you think you might cash it, then the 12 month cd at 1.65% is a safer and nearly the same value.


"
Penalty Amounts:
  • Terms of 12 months or less: 90 days of simple interest at the current rate.
  • Terms of more than 12 months but less than 48 months: 180 days of simple interest at the current rate.
  • Terms of 48 months or more: 365 days of simple interest at the current rate.

"
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Old 11-29-2017, 12:27 PM   #72
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Last day for NASA FCU CD specials is tomorrow 11/30. It's 2.25 for 49 months/ 1.6 for 15.
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Old 11-29-2017, 06:36 PM   #73
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Fidelity has brokered CD's that pay 1.65% for 12 months, 1.95% for 2 years
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Old 12-01-2017, 08:01 AM   #74
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Fidelity has brokered CD's that pay 1.65% for 12 months, 1.95% for 2 years
Based on my experience of long delays to execute direct transfers between my CU's and Ally, vs. transfers from Fido, those brokered CD's are looking more attractive.
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Faked Out!
Old 12-01-2017, 11:53 PM   #75
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Faked Out!

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Last day for NASA FCU CD specials is tomorrow 11/30. It's 2.25 for 49 months/ 1.6 for 15.
I guess they decided to continue this offer after all.
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Old 12-02-2017, 10:36 AM   #76
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CIT has an 11 month no penalty cd at 1.55, minimum deposit of $1000:

https://www.bankoncit.com/no-penalty-cd/
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Old 12-05-2017, 12:32 PM   #77
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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
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Old 12-05-2017, 02:46 PM   #78
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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
That is pretty good!
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Old 12-05-2017, 08:33 PM   #79
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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
Thanks!
Looks like there is also a 32 month IRA/ESA @ 2.75. The 15 month is taxable only.
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Old 12-05-2017, 09:59 PM   #80
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I guess your money has to go somewhere and making something is better than nothing, but it sure is hard to get excited about 1.5 - 2.0% interest. Then I looked at my local credit union and they were under 1% for 12 months. I guess I'll take $50k to $100k and put it in a CD because I'm currently just in a savings account, but again, sure hard to get excited about a few hundred bucks on several thousand. (I know, gotta watch the pennies or the dollars will slip away.)
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