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Old 01-24-2016, 10:51 AM   #21
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The website www.depositaccounts.com is the most comprehensive source of rates I have found. I would have seen the PenFed deal the next time I checked, but deals are so rare these days that I only check about once a week.
I think this thread is a great idea. Navy Federal also has a .5% IRA CD bonus deal running for new money rolled over from another institution. This deal showed up on depositaccounts.com before it was posted to NFCU's website!
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Old 01-24-2016, 10:54 AM   #22
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The website www.depositaccounts.com is the most comprehensive source of rates I have found.
I agree, it's a great resource.

Make sure to click on the Blog link, that's where notifications of the short-lived deals tend to show up.
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Old 01-24-2016, 11:24 AM   #23
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See also Bauerfinancial. They rate banks and credit unions and post the most attractive rates.

CD Ratewatch: Top CD Rates
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Old 01-24-2016, 01:28 PM   #24
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This sites blog gets updates on specials. The PenFed deal is there

https://www.depositaccounts.com/blog/
Thanks - I'll have to check that more often.

I bought a PenFed 15 month CD this morning. I keep one year of expenses in 1-year CDs (or thereabouts). Having part of it mature a couple of months later is fine.
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Old 01-24-2016, 02:23 PM   #25
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I recently decided to invest in 5 year CDs. I had been investing in shorter term ones hoping/believing rates would go up.

I finally paid attention to the CD penalty calculators. If I had done that sooner, I would have been ahead as I was losing about 1% per year on my shorter term CD maturity.

So, my current strategy is to buy the higher rate 5 year CD and if/when it makes sense I will sell early, being charged the penalty. Based upon my calculation, this will result in almost the same interest as the 1 or 2 year offers but with the upside of the long range (5 yr) CD.

This is the calculator I am using https://www.depositaccounts.com/tool...alculator.aspx
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Old 01-24-2016, 04:27 PM   #26
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Some of my older Penfed IRA CDs waive the early withdrawal penalty when you get to 59.5 yrs of age. I think they omitted that feature for newer CDs but I am going to contact them to verify.


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Old 01-24-2016, 04:42 PM   #27
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These penfed deals, nasa, navy cds only appy to those with mil service right?


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High(er)-rate CD deals
Old 01-24-2016, 06:12 PM   #28
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High(er)-rate CD deals

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These penfed deals, nasa, navy cds only appy to those with mil service right?


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Penfed and NASA have other ways to qualify. Check their membership rules.
Edit: I qualified at Navy FCU as a defense contractor.

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Old 01-24-2016, 08:47 PM   #29
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Patelco CU has 5-yr CD and IRA CD rates of 2.5% w/ 6 mo early withdrawal penalty.
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Old 01-24-2016, 09:03 PM   #30
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This seems like it would be a good candidate to be Sticky worthy.
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Old 01-26-2016, 05:53 AM   #31
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This seems like it would be a good candidate to be Sticky worthy.
+1. Mods?
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Old 01-26-2016, 06:07 AM   #32
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This seems like it would be a good candidate to be Sticky worthy.
I don't think so. The deals are often short-lived, so the info is quickly outdated. If there's are new deals people post, then it gets bumped back to the top. I'm just not a fan of stickys, if you get too many of them they take most of the first page and hide the newer threads.
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Old 01-26-2016, 08:00 AM   #33
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Anyone have any comments on the ease or difficulty of dealing with these banks and credit unions, as far as buying a CD? I've read reviews online and Patelco and Barclays are generally liked by customers. But some others got very bad reviews, like Discover and Synchrony, with clueless customer service people, money temporarily vanishing, conflicting instructions, etc. When I opened my PenFed account for the 3 % 5 year cd a few years ago, it was fairly straightforward. Thanks
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Old 01-26-2016, 08:06 AM   #34
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I read the bad Synchrony reviews, but I personally have never had any issues. I've only done things on line, not called customer support.

We'll see if I have any issues once my current CDs mature.

PenFed generally has been fine, in spite of their somewhat clunky website.
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Old 01-26-2016, 09:35 AM   #35
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I just had an issue with Penfed which has been resolved. $9k disappeared from my account which they chalked up to "human error". A check for $9k did show up in the mail 3 weeks later with a note from the Post Office ("sorry your mail was late/damaged). I don't usually check these CD balances regularly, but from now on I will since I am retired and have plenty of time.
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Old 01-26-2016, 09:38 AM   #36
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$9k disappeared from my account.
Well aren't you the nit picker.
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Old 01-26-2016, 10:46 PM   #37
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I have opened cds online with Synchrony and Barclays and no issues with either.

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Old 01-27-2016, 10:55 AM   #38
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These penfed deals, nasa, navy cds only appy to those with mil service right?
I was able to open a PenFed account thanks to my dad's service in WWII.
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Old 01-27-2016, 11:10 AM   #39
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Poking around on the internet, I found Pioneer Valley FCU in Springfield, MA 2.57% 57 month CD. Slightly higher than Patelco's 2.50% 5 year CD. Hmmmm. Maybe rates are nudging up week by week? I noticed some have dropped their 5 year rates in the last few weeks though. Arggggh.
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Old 01-28-2016, 07:15 PM   #40
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To buy a Penfed certificate, you have to join Penfed (free) & their site has a list of ways to qualify. I qualified a few years ago by making a tax-deductible payment of $10 to join the National Military Families Assn. It's a one-time only payment to NMFA, but I see it's now $15.
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