Join Early Retirement Today
Thread Tools Search this Thread Display Modes
pen fed cds
Old 08-31-2016, 04:41 PM   #1
Recycles dryer sheets
Join Date: Apr 2004
Posts: 99
pen fed cds

What is going on with penfeds low rate cds. They use to be good so I put my Roth money in their CDs. R enewals are coming due so I am looking to each cd as the time comes. I am a little frustrated as I had all my roth $ in Pen Fed and standard IRAs in Melrose. Seemed like a nice setup.

Any recommendations, how is Ally bank ?

bobbee25 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 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!

Old 08-31-2016, 04:43 PM   #2
Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,113
Navy FCU is offering a 20 month, 2% certificate. You have the option of adding to it after you purchase one.

"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
jimnjana is offline   Reply With Quote
Old 08-31-2016, 04:59 PM   #3
Thinks s/he gets paid by the post
Huston55's Avatar
Join Date: Jul 2011
Location: The Bay Area
Posts: 1,284
We keep our cash-stash in a PFCU CD ladder. The next rung matures in Jan 2016 so, we'll also be looking for options. Interested in suggestions.
You may be whatever you resolve to be.
Huston55 is offline   Reply With Quote
Old 08-31-2016, 08:14 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 13,201
The Best CD rates in the country ? thread mentions a 3%/84 month CD from Andrews Federal Credit Union for IRA money.


That is the best I have seen recently.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
pb4uski is offline   Reply With Quote
Old 08-31-2016, 09:00 PM   #5
Recycles dryer sheets
OneDay's Avatar
Join Date: Jun 2016
Location: Somewhere
Posts: 78
Feds could possibly raise rates in September, we will see, most big banks stocks getting a pop on the likely hood of a rate increase, so I'm holding off till the fed meeting.
OneDay is offline   Reply With Quote
Old 08-31-2016, 11:26 PM   #6
Recycles dryer sheets
Join Date: Nov 2013
Posts: 185
Andrews Credit Union has a 7 yr CD that is only for IRA money paying 3% and 6 mos EWP. Best I've found lately. I purchased the Pen Fed 3% 5 year CD's but still have a couple years til they mature.

Sent from my KFTHWA using Tapatalk HD
Debinnov a is offline   Reply With Quote
Old 09-01-2016, 05:14 AM   #7
Full time employment: Posting here.
Join Date: Jan 2010
Location: dubuque
Posts: 549
good luck with the fed raising the interest rate. I waited a year for it and when it came time to make an increase, some statistic looked bad to them so they put it off. I think the deciding factor is the national debt and the cheap money for banks and that is not going away as long as they can avoid it. the war on savers is not over.
frank is offline   Reply With Quote
Old 09-01-2016, 05:33 AM   #8
Recycles dryer sheets
Join Date: Apr 2004
Posts: 99
I am looking for a replacement for Pen Fed to slowly move my cd ladder to. Some of the banks like ally, sync, etc
bobbee25 is offline   Reply With Quote
Old 09-01-2016, 05:52 AM   #9
Thinks s/he gets paid by the post
John Galt III's Avatar
Join Date: Oct 2008
Posts: 1,033
Patelco had 2.5% 5 year cd's a few months ago, but has dropped to 1.95% ! Melrose was 2.42 % for 5 year, dropped recently to 2.22%. Ukrainian Selfreliance Federal CU had 3.0% for 5 (or 7?) year CD a few months ago. But you have to prove you are of Ukrainian descent.
John Galt III is offline   Reply With Quote
Old 09-01-2016, 06:37 AM   #10
Thinks s/he gets paid by the post
Join Date: Jun 2003
Location: St. Augustine, Fla.
Posts: 1,137
We are at PenFed Also with 5 year CDs. Maturing in late 2018 @ 3%. Hopefully there will be more options then. DW Gov 457b Pays 3% very reliably too. 3% on all our stash is the minimum we need to live a VERY comfortable retirement with no worries for any foreseeable future. We currently do that at worse. It only goes up from there. I always told DW before we retired. At 3% we live very well but at 5% or above we live like kings. Looking forward to those days.

We are not military so have to stick to CU's that will accept us.
"Arguing with an Engineer is like rolling in the mud with a pig. Just remember that the pig likes it."
ShokWaveRider is online now   Reply With Quote
Old 09-01-2016, 11:25 AM   #11
Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: Laurel, MD
Posts: 2,294
Andrews FCU announced a special CD rate today of 2.02 for 60 mos. The IRA special rate is still available 3.0 for 7 yrs. Their EWP is only 6 mos.

Sent from my iPhone using Early Retirement Forum
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is online now   Reply With Quote
Old 09-01-2016, 12:40 PM   #12
Recycles dryer sheets
Join Date: Feb 2016
Location: Near Sacramento
Posts: 94
Even if the Fed raises rates, it will affect the short-term rates much more than the longer. Matter of fact, after the increase last Dec, long-term rates came down.

A recession is more likely than continued expansion and since we can't know the timing of it, maintaining a CD Ladder will allow you to almost always re-invest at the best rate. Long-term CD ladders, on average, beat short-term ones by 1.5 to 2.00%. When the term premium isn't there, it has usually been a signal for a downturn in the economy. is a great site for finding the best rates.
cd :O)
Chris7 is offline   Reply With Quote
Old 09-01-2016, 08:04 PM   #13
Recycles dryer sheets
Join Date: Dec 2006
Posts: 346
In the same boat. Have Penfed CD's maturing this Oct and Nov.

Been watching rates, does not look good. Was going to go Patelco, since
they are a local C.U. here, but as mentioned 2.5%/5 yr. long gone.

Maybe, Melrose?

wolf is offline   Reply With Quote

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
Attractive Pen Fed CD promotion brewer12345 FIRE and Money 15 11-26-2009 10:53 AM
Pen Fed Refi Completed brewer12345 FIRE and Money 3 11-21-2009 06:04 PM
Pen Fed jIMOh FIRE and Money 67 02-17-2009 07:09 PM
Another Pen Fed Question summer2007 FIRE and Money 6 01-19-2009 12:54 PM
Pen Fed rate special! brewer12345 FIRE and Money 12 12-30-2005 08:07 AM


All times are GMT -6. The time now is 11:21 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.