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Old 12-08-2013, 01:57 PM   #101
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Thanks. I called up yesterday and bought some of these CDs. She also showed me where to print the forms to have 2 Roth IRAs CDs transferred to Penfed. I need to get those completed and call tomorrow to see if our credit union accepts faxed copies.
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Old 12-09-2013, 07:57 AM   #102
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How do people like the PenFed app?
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Old 12-09-2013, 11:05 AM   #103
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The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
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Old 12-09-2013, 12:16 PM   #104
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The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
Is this an android or apple app? I couldn't find it in google store?
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Old 12-09-2013, 12:22 PM   #105
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Mine is an Apple iPad app, there is also one for iPhone.

Or this is their mobile site -
https://smartphone.penfed.org/PFOL_M...on.aspx?bhcp=1
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Old 12-09-2013, 12:22 PM   #106
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The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
I agree. It's pretty basic but functional.
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Old 12-10-2013, 05:22 PM   #107
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i just noticed the new rates on penfed certificates (cds). I don't know if the shorter terms have also increased rates, but i'm certain that the 3% is new.

https://www.penfed.org/money-market-...te/?wt.ac=1197

5 year and 7 year are at 3%. Early withdrawal penalties apply.
thank you!!!
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Old 12-10-2013, 05:23 PM   #108
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Yes, but a $15.00 donation to their favorite charity makes you an instant member.
Or ever donated blood for Red Cross.
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Old 12-10-2013, 05:24 PM   #109
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thank you!!!
Yes, I think we all are feeling quite grateful to Sue J for the heads up last week.
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Old 12-10-2013, 09:18 PM   #110
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You're welcome!

I've gotten plenty of very good advice here so I'm glad to make a contribution. I'm not a very sophisticated investor, although I've ventured into some Vanguard funds. A nice 3% CD for the extra "mattress money" is an easy decision.

This was another find that I posted in 2010 -
PenFed CD reservation offer

Ah, the good old days of 5%!
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Old 12-11-2013, 12:08 AM   #111
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You're welcome!

I've gotten plenty of very good advice here so I'm glad to make a contribution. I'm not a very sophisticated investor, although I've ventured into some Vanguard funds. A nice 3% CD for the extra "mattress money" is an easy decision.

This was another find that I posted in 2010 -
PenFed CD reservation offer

Ah, the good old days of 5%!
I bought some of those 10-yr 5% CDs back in 2010 (thanks again for the FYI!). I wasn't sure it was a smart move at the time because a lot of people expected inflation to pick up, but it has paid off so far. Thanks to that Penfed offer, my CD ladder with an average maturity of 5.4 years still yields a decent 4%.
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Old 12-11-2013, 03:15 PM   #112
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Or ever donated blood for Red Cross.
Is this serious or sarcastic? Did donating blood make me a member of the Red Cross?

I used to donate fairly regularly. But, they became reluctant to take my blood due to my international travel a few many years ago. I am sure I did not keep anything they gave me to verify that I had given blood.
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Old 12-11-2013, 03:22 PM   #113
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Is this serious or sarcastic? Did donating blood make me a member of the Red Cross?

I used to donate fairly regularly. But, they became reluctant to take my blood due to my international travel a few many years ago. I am sure I did not keep anything they gave me to verify that I had given blood.
No, I am completely serious. As soon as Sue said it was PenFed who had 5yr CD for 3%, I called them although I thought you had to have been in the military or something similar.

When I said I am not sure if I belong to any organization, one thing the rep asked me was exactly that (If I ever donated blood for Red Cross), as well as if I have donated money to Red Cross (which I have done in the past, so I said I had donated money to Red Cross in the past). I asked if I needed to produce the receipt (which would have taken me time since I used my mileage on the card that I have already closed to do the donation), she said No. Even if you haven't done either of these things, I think the rep said all you had to do was to pay $15 to become a member. (I could be wrong, but in the old days, they had tigher restrictions on who can become a member...)
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Old 12-11-2013, 03:32 PM   #114
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Anyone willing to donate $15 or $20 to a charity can become a member of PenFed Credit Union. Click "Help me join another way" on this PenFed web page: https://netmember3.penfed.org/NetMem...spx?MEMBERSHIP
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Old 12-13-2013, 01:36 PM   #115
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Thanks. I opened up a 5 year CD with money sitting around earning about 0.095%.

I am going to get more money to them in the next few days. However, since I am a new account the ACH transactions are limited to $50 a day. So, I have to call them and have PenFed initiate the transfer into a new CD. For some reason they do not trust me to deposit my money into their system.
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Old 12-13-2013, 01:49 PM   #116
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Thanks. I opened up a 5 year CD with money sitting around earning about 0.095%.

I am going to get more money to them in the next few days. However, since I am a new account the ACH transactions are limited to $50 a day. So, I have to call them and have PenFed initiate the transfer into a new CD. For some reason they do not trust me to deposit my money into their system.
When you open the CD online they can transfer directly from your account, you give then the account number and routing number. I didn't have any limitations when I did that.
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Old 12-13-2013, 03:28 PM   #117
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Open the certificate and transfer the funds directly there from an outside account. Don't try to go through the PenFed checking account.
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Old 12-13-2013, 03:31 PM   #118
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Gee, look at our excitement over 3% for 5 years! The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.

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Old 12-13-2013, 03:40 PM   #119
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Gee, look at our excitement over 3% for 5 years! The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.

Amethyst
It might be depressing to think that interest rates may not increase beyond the 3% in the next 5 years, but I am quite happy with the current CD offer at Pen Fed.
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Old 12-13-2013, 03:44 PM   #120
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The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.
+1

I cannot imagine the economic circumstances that would result in high inflation and low interest rates. Holding rates low while inflation rages would be pouring fuel on the flames - literally.
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