Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-25-2010, 08:38 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,930
I get the impression that direct funding and ACH are quite different so I guess I accept that. What I don't understand is why they are different so , hopefully in layman's terms, can someone enlighten me......why one free, one charged; one small daily limit, other , not,etc.
__________________

__________________
kaneohe 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!

5% 10 year still available?
Old 12-25-2010, 09:45 AM   #22
Recycles dryer sheets
 
Join Date: Sep 2010
Posts: 233
5% 10 year still available?

I have a CD coming up at a local credit union and was thinking of moving it to Pen Fed since it seems to have a good reputation on this site. I didn't see the 10 year CD for 5%. Are they still offering it? The rate for a 5 year wasn't much more than what I can get locally so it wouldn't be worth moving it.

Thanks!
__________________

__________________
Corporate ORphan is offline   Reply With Quote
Old 12-25-2010, 09:56 AM   #23
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
The 10 year program was taken away a while back.

Rumor has it that there is going to be another program sometime in January but I don't know for sure. Also, I have no idea what it might be.
__________________
73ss454 is offline   Reply With Quote
Old 12-25-2010, 09:59 AM   #24
Recycles dryer sheets
 
Join Date: Jul 2006
Posts: 151
Quote:
Originally Posted by kaneohe View Post
I get the impression that direct funding and ACH are quite different so I guess I accept that. What I don't understand is why they are different so , hopefully in layman's terms, can someone enlighten me......why one free, one charged; one small daily limit, other , not,etc.
I believe the difference lies in the level of risk perceived by PenFed. It looks like with the ACH debit they post amounts to be transferred to your account before they are actually received. I believe they put a 30 day hold on funds directly transferred to a CD.
__________________
Hellbender
hellbender is offline   Reply With Quote
Old 12-25-2010, 08:23 PM   #25
Full time employment: Posting here.
 
Join Date: Mar 2008
Posts: 654
My understanding is: When funding a CD there is no limit on a ACH transfer.
I was told that by a rep. a while back. I moved 1k in a single move at that time.
I'm a new member so no special privilege..
Steve
__________________
Stevewc is offline   Reply With Quote
Old 12-26-2010, 09:05 AM   #26
Full time employment: Posting here.
 
Join Date: Jan 2010
Location: dubuque
Posts: 618
I was wondering where you found this 10 year 5%cd on penfed. I am a member and cannot find it anywhere. thanks
__________________
frank is offline   Reply With Quote
Old 12-26-2010, 09:11 AM   #27
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by frank View Post
I was wondering where you found this 10 year 5%cd on penfed. I am a member and cannot find it anywhere. thanks
It ended a few months ago. It was by reservation starting in Jan.
__________________

__________________
73ss454 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
Self-funding LTC and taxes youbet Health and Early Retirement 23 11-14-2010 02:14 PM
Chasing yield again: PenFed CDs Nords FIRE and Money 38 04-12-2010 12:06 PM
Funding a bypass trust SecondCor521 FIRE and Money 3 05-24-2007 01:45 PM
Source of FIRE Funding bbuzzard FIRE and Money 35 12-06-2006 12:31 PM
Funding your cash flow WilliamG FIRE and Money 1 04-15-2004 08:05 AM

 

 
All times are GMT -6. The time now is 05:36 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.