Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Fixed Income Investment in Jacksonville FL Area
Old 11-05-2004, 05:30 AM   #1
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,647
Fixed Income Investment in Jacksonville FL Area

I was wondering if there were any recommendations for Credit Unions and/or Banks offering good CD Rates in The Jacksonville Florida Area.

Similar to the ones offered by the DCU.org CU in MA.

Thanks in Advance.

SWR
__________________

__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Fixed Income Investment in Jacksonville FL Are
Old 11-05-2004, 10:00 AM   #2
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: Fixed Income Investment in Jacksonville FL Are

There are several nation-wide banks offering around 3% for a 1-year CD. Check bankrate.com
__________________

__________________
wabmester is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-05-2004, 10:46 AM   #3
 
Posts: n/a
Re: Fixed Income Investment in Jacksonville FL Are

If you want a local bank, check out www.everbank.com headquartered in Jacksonville, FL. Fairly competitive CD and checking account rates but not the highest rates such as a non-local bank would offer but if you want local, it is the highest yielding one that I've found. Currently has a promotion for a 2.50% (3 months/2% afterward) intro rate for FreeNet checking account.

Also, if you want to play on the declining dollars, it also offers WorldCurrency CDs/Deposit Accounts, Commodity CDs etc.
__________________
  Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-05-2004, 02:13 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,647
Re: Fixed Income Investment in Jacksonville FL Are

I did check Bankrate. I was hoping for some pointers to Credit Unions that I could join and get preferred rates as they usually offer more than banks. I have an address in Clay County so I should be able to become a member.

SWR
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-05-2004, 03:50 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Fixed Income Investment in Jacksonville FL Are

Try this CU site

http://ncua.gov/indexdata.html

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-05-2004, 06:17 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Fixed Income Investment in Jacksonville FL Are

I use DCU. I live in california. Been my bank for almost 25 years. I did go into a bank branch ONCE about 20 years ago when I lived in MA.

They send you postage paid business envelopes for your deposits, although theoretically you can make deposits at any credit union ATM I've never tried it. Other than that I've done all my bank stuff online with them. Never a problem.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
I don't know anything about JAX but...
Old 11-05-2004, 11:43 PM   #7
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,619
I don't know anything about JAX but...

... you could check your yellow pages for credit unions and see if they list a trade organization.

When I was trying to find a better checking account for a non-profit association, I quickly ran through all the banks but wasn't very excited about calling all 97 of Oahu's credit unions. Then I found a listing for the trade organization that's supported by most of them.

Your trade organization might also have a chatty staff member who'll talk you through the local CUs, tell you the tricks of their membership qualification rules, and point you to the ones with the highest rates. Worked for me and saved hours of dialing.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 05:29 AM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,647
Re: Fixed Income Investment in Jacksonville FL Are

Quote:
Try this CU site

http://ncua.gov/indexdata.html

MJ
Thanks

SWR
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 05:35 AM   #9
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,647
Re: Fixed Income Investment in Jacksonville FL Are

Quote:
I use DCU. I live in california. Been my bank for almost 25 years. I did go into a bank branch ONCE about 20 years ago when I lived in MA.

They send you postage paid business envelopes for your deposits, although theoretically you can make deposits at any credit union ATM I've never tried it. Other than that I've done all my bank stuff online with them. Never a problem.
I am looking at DCU but I have no direct pension deposit. Or any way of getting one for 15 years.

Currently I am with the OrangeCounty Credit Union of Southern California. They are not bad, But it seems like forever to get things done, like renewing CDs etc., from other locations. They used to be great when I could walk in. But over the phone is a different matter. I even deal directly with the bank manager via email. It takes them 2 days to answer most correspondence.

SWR
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 09:25 AM   #10
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Fixed Income Investment in Jacksonville FL Are

Quote:

I am looking at DCU but I have no direct pension deposit. Or any way of getting one for 15 years.
You can open a ING account, you can auto schedule a direct deposit of $500 a month to the DCU checking account and then transfer it right back the following day or you can ask them to move the $500 to the 3% CD until it closes.

If you are not interested in doing that the interest rate drops by a .25%.

Although, I don't have an account with this one, you can try this bank that has checking account with 2.75% interest.

http://www.presidential.com/

Good luck

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 12:37 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Fixed Income Investment in Jacksonville FL Are

Thats interesting...so they'll take any ACH deposit?

I never tried it...the site says "payroll, pension, social security". Have you tried this "other" direct deposit method and had it work?

I usually get same-day email response back from dcu.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 03:17 PM   #12
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Fixed Income Investment in Jacksonville FL Are

Quote:
Thats interesting...so they'll take any ACH deposit?
I never tried it...the site says "payroll, pension, social security". Have you tried this "other" direct deposit method and had it work?.
When I told them that I am retiring and but not entitled to any pension yet, I asked if I could schedule a monthly transfer from ING, they said yes. They said I had 90 days to set up the direct deposit. I think they are expecting a scheduled transfer.
I just opened the account so it is not set up yet.

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 03:49 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Jun 2003
Location: Historic Florida
Posts: 1,647
Re: Fixed Income Investment in Jacksonville FL Are

Mj:

Do you live in MA? Or did you set up the account remotely?

SWR
__________________
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 05:42 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Fixed Income Investment in Jacksonville FL Are

Quote:
Mj:

Do you live in MA? Or did you set up the account remotely?

SWR
I don't live in MA. I found their phone under "Contact Us" and called them. They helped me find the forms to download. I mailed the forms in. They were very helpful. Make sure you are clear on when you can get the 3% CD if you don't have direct deposit in place. I got mixed information.

MJ
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Fixed Income Investment in Jacksonville FL Are
Old 11-06-2004, 06:17 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Fixed Income Investment in Jacksonville FL Are

Try this:
https://www.dcu.org/DCU_aapd_application.pdf

This is an application for both a credit union account and the "American Association of People with Disabilities (aapd). It costs $8 one time to join AAPD, and becoming a member makes you eligible for credit union membership.

Once you've got that, you can apply for free home equity lines of credit, a visa card, cd's and the regular or limited money market account. The limited money market account is currently paying 2.4%, but it must be kept above $25,000...you can make one free withdrawal a month, as many deposits as you like. The regular money market is paying a sliding scale from 1% for $1000 to 1.85% for $100k and up.

The 11 month cd's pay 2.75% without direct deposit, 3% with with a $2500 minimum. You lose 30 days interest if you cash it out early. The 5 year jumbo cd's are paying 4.61% for 25,000+ amounts; you lose six months interest if you cash those out early.

With the free checking account and direct deposit, there are almost no fees for anything. You get free checks, free electronic bill payer service, free atm access at credit unions (and they'll pay you back up to $5 if a bank atm charges you a surcharge), etc. What drives me nuts about some banks I've seen is its $3 for this, $5 for that...none of that here. In fact, I think the only thing I've ever had to pay for is wire transfer fees.
__________________

__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Urban/Suburban/Rural Retirement? yakers Other topics 43 04-18-2006 08:13 PM
The Fixed Income Portion? Mysto FIRE and Money 5 03-29-2006 10:15 AM
Suggestions for fixed income investments? Roger_R FIRE and Money 7 11-15-2004 07:34 AM
Fixed Income Portfolio Help DFW_M5 FIRE and Money 4 01-12-2004 03:53 PM
More On Fixed Income ShokWaveRider FIRE and Money 2 01-12-2004 03:21 PM

 

 
All times are GMT -6. The time now is 04:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.