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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 10:08 AM   #21
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Re: Just Bought a 5 Year CD for 5.75 APY

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Originally Posted by brewer12345
Interesting, and almost the exact opposite of my experiene with them. I wonder why? Maybe we just dealt with different customer service reps?
No doubt that played a part in my negative dealings. But by my count, three or more PenFed employees had to screw up and/or the CU's member contact policies had to be "flawed" for my situations to occur. Maybe it was all coincidental, but you can understand why I don't hold them in particularly high regard.

I'm not saying not to do business with PenFed, just do the Ronald Regan thing and "trust but verify"...and then re-verify.

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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 02:08 PM   #22
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Re: Just Bought a 5 Year CD for 5.75 APY

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If you have 4 Beneficiaries. That are direct relatives.
SWR
Beneficiaries include wife, children, your parents and siblings.
For the other OP, you could easily be insured for $1000k.
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 02:12 PM   #23
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Re: Just Bought a 5 Year CD for 5.75 APY

good info thanks
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 02:50 PM   #24
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Re: Just Bought a 5 Year CD for 5.75 APY

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good info thanks
You can't beat the NCUA. Why anyone would use a bank nowadays beats me. Hi fees, crapola service, Only interested in PROFIT PROFIT PROFIT. I am a member of 3 Credit Unions to date and have never had any trouble with any of them (Touching Wood NOW). PLUS, My funds are completely insured.

SWR
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 02:56 PM   #25
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Re: Just Bought a 5 Year CD for 5.75 APY

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You can't beat the NCUA. Why anyone would use a bank nowadays beats me. Hi fees, crapola service, Only interested in PROFIT PROFIT PROFIT. I am a member of 3 Credit Unions to date and have never had any trouble with any of them (Touching Wood NOW). PLUS, My funds are completely insured.

SWR
I do business with a few banks, and I have to disagree. However, I usually have the best experience with smaller local banks, not the behemoths.
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 03:03 PM   #26
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Re: Just Bought a 5 Year CD for 5.75 APY

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Originally Posted by ShokWaveRider
... (Touching Wood NOW).
This is a family oriented forum. Behave yourself.

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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-10-2006, 05:02 PM   #27
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Re: Just Bought a 5 Year CD for 5.75 APY

I've preferred credit unions for a while now. They have big advantages in not paying taxes or making profits, so it can be easier to find a deal with them.
Though, like with Fidelity vs Vanguard, sometimes for-profit institutions can provide better deals as loss-leaders, to attain market share, or for other reasons. I suppose once in awhile, they might just be much more efficient...with the profit motive and all
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-11-2006, 08:56 PM   #28
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Re: Just Bought a 5 Year CD for 5.75 APY

could someone educate me on this please.

if i put 100k, is that mean i get $5750/year for 5 year? is the $5750 compounding on top of the 100k? or is it just sit on another saving account.

how much do i get after 5 years? please help

enuff2eat
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-11-2006, 09:21 PM   #29
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Re: Just Bought a 5 Year CD for 5.75 APY

enuff,

When you put your money in the CD, you will have the option of having the interest paid directly to you or added to the CD and compounded.

As to how much you will earn, Bankrate.com has a calculator to that will tell you to the penny:

http://www.bankrate.com/brm/calc/cdc/CertDeposit.asp

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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-11-2006, 09:31 PM   #30
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Re: Just Bought a 5 Year CD for 5.75 APY

found that sight useful. thanks
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Re: Just Bought a 5 Year CD for 5.75 APY
Old 01-12-2006, 06:33 PM   #31
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Re: Just Bought a 5 Year CD for 5.75 APY

thanks rewahoo

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