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Old 01-14-2018, 07:31 PM   #141
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PenFed is weird. You have to initiate the ACH from outside to pull money out or else they have very limited amounts if you initiate ACH from inside to outside.


I'm not moving large amounts. I downloaded the forms and took them to the local branch. They lost them so I did it again but I signed the forms in the wrong place which they didn't notice for awhile.
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Old 01-14-2018, 07:54 PM   #142
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I scraped spare money out of a number of our savings and checking accounts and stuck the proceeds on our 3% Penfed home mortgage. If writing off home interest isn't going to be of value compared to a standard deduction and I have to pay tax on interest earned then what the heck - 3% saved is way better than 1.6% earned.
Prepaying a few quarters property tax would have likely been more beneficial...unless you had already done that as well or your state doesn't have any property taxes.
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Old 01-15-2018, 12:18 AM   #143
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Prepaying a few quarters property tax would have likely been more beneficial...unless you had already done that as well or your state doesn't have any property taxes.
We pay all Oregon property taxes in full as soon as they are released - works out that we can get them paid just before heading south for the winter and we get our discount for paying in full early.
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Old 01-16-2018, 06:38 AM   #144
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Capital One keeps coming out near the top of the list on CD rate comparison sites.

Any experience? A lot of folks here seem to like Ally; any reason they're better?
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Old 01-16-2018, 06:56 AM   #145
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Folks like Ally because of their No Penalty 11-month CD. You buy the CD today and lock in the rate. 7 days from now you can exit the CD with no penalty. So should rates go higher, you can switch out and into a new CD for no cost.

https://www.ally.com/bank/no-penalty-cd
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Old 01-16-2018, 07:31 AM   #146
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Capital One keeps coming out near the top of the list on CD rate comparison sites.

Any experience? A lot of folks here seem to like Ally; any reason they're better?
Surveys are out of date and pretty useless. Capital One is nowhere near the top. To compare current rates, look at www.depositaccounts.com.

For example, Synchrony is offering 1 year CD's at 2.0 percent. Capital One is at 1.65 percent and Ally is at 1.7 percent.
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Old 01-16-2018, 11:41 AM   #147
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Doing my own comparisons, the Ally No-Penalty CD offers a significantly lower rate than some of the other options I was looking at. In other words, for my particular purpose there IS a penalty, already built in.

What I'm looking to do is ladder my one-year cash reserve into something a little more productive, albeit a little less liquid. As I approach my 2nd full year of RE, I'm getting a little more confident in my original predictions.
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Old 02-12-2018, 09:02 AM   #148
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Today in the newspaper is an ad for a 12 month CD at 4.25% APY, and is FDIC insured. This rate is offered by First Financial Guarantee. We are currently in The Villages Florida. They have several locations close to this area. Ad says First Financial Guarantee is "the original CD locator and financial service Co." Phone number is 352-561-2050. No web site is listed in the ad. I might give them a call for details.
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Old 02-12-2018, 09:04 AM   #149
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Today in the newspaper is an ad for a 12 month CD at 4.25% APY, and is FDIC insured. This rate is offered by First Financial Guarantee. We are currently in The Villages Florida. They have several locations close to this area. Ad says First Financial Guarantee is "the original CD locator and financial service Co." Phone number is 352-561-2050. No web site is listed in the ad. I might give them a call for details.
Here is the website: http://www.ffg-llc.com/ No info there though.
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Old 02-12-2018, 09:36 AM   #150
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Be aware that sometimes companies like that use advertised high CD rates as a come-on and may try to sell you an annuity.
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Old 02-12-2018, 11:03 AM   #151
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+1 Looks fishy. First Financial Guarantee is NOT a bank... they are probably just a selling agent... but I am very skeptical that a legitimate FDIC insured bank would be offering a 4.25% one-year CD.
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Old 02-12-2018, 12:42 PM   #152
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Anyone remember Allen Stanford's Bank of Antigua 12% Cd's?

https://en.wikipedia.org/wiki/Allen_Stanford

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In early 2009, Stanford became the subject of several fraud investigations, and on February 17, 2009, was charged by the U.S. Securities and Exchange Commission (SEC) with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $7 billion in certificates of deposits.
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Old 02-12-2018, 01:36 PM   #153
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Anyone remember Allen Stanford's Bank of Antigua 12% Cd's?

https://en.wikipedia.org/wiki/Allen_Stanford
No but I remember getting a call from a support guy to ensure what they did to the systems Stanford ran on would not be accessible by them.
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Old 02-12-2018, 05:06 PM   #154
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No but I remember getting a call from a support guy to ensure what they did to the systems Stanford ran on would not be accessible by them.
Allen ripped off many retirees to the tune of $7 Billion. He got 110 years in prison. He was a local Houston area guy and when he was in our local jail waiting for his trial, he got the royal crap beat out of him by other prisoners. I guess they had relatives that got scammed. American Greed did a session on him.
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Old 02-12-2018, 05:47 PM   #155
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Right now, I'll stick to the two 3% apy for 12months $3k max and the 2.25% apy for 15 months up to $50k max certificates we have from Navy Federal Credit union!
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Old 02-12-2018, 08:39 PM   #156
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Looking at www.depositaccounts.com, Live Oak Bank is offering a 2.30 percent 18 month CD. Fidelity has two year CD's from Wells Fargo for 2.4 percent. I'm ok with the 18 month, but a little nervous about anything beyond that.
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Old 02-12-2018, 08:56 PM   #157
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Looking at www.depositaccounts.com, Live Oak Bank is offering a 2.30 percent 18 month CD. Fidelity has two year CD's from Wells Fargo for 2.4 percent. I'm ok with the 18 month, but a little nervous about anything beyond that.
I filled up on the 1.75% no penalty CDs, but now I’m just going to wait with these increasing savings account rates because I think the CD deals at the end of this year will be much higher.
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Old 02-12-2018, 08:57 PM   #158
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Today in the newspaper is an ad for a 12 month CD at 4.25% APY, and is FDIC insured. This rate is offered by First Financial Guarantee. We are currently in The Villages Florida. They have several locations close to this area. Ad says First Financial Guarantee is "the original CD locator and financial service Co." Phone number is 352-561-2050. No web site is listed in the ad. I might give them a call for details.


The Villages? Then they should also offer you a happy hour bonus payment and a coupon for 0.2 senior interest rate boost.
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Old 02-12-2018, 09:06 PM   #159
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I filled up on the 1.75% no penalty CDs, but now I’m just going to wait with these increasing savings account rates because I think the CD deals at the end of this year will be much higher.
That was probably the smart thing to do. Live Oak is offering one year at 2.1 percent, which might be a good compromise now that the No Penalty CD has dropped dramatically.
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Old 02-16-2018, 09:42 AM   #160
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NASA FCU has an 11 mo IRA/taxable CD at 2.25apy. 20k min
49 mo IRA/taxable CD bumped to 2.40 apy 5k min
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