Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Pen Fed rate special!
Old 12-29-2005, 09:48 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Pen Fed rate special!

Looks like Pen Fed is at it again. What is it with them and the early part of the year? 5.75% on 5 year CDs at www.penfed.org
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 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!

Re: Pen Fed rate special!
Old 12-29-2005, 11:09 AM   #2
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 322
Re: Pen Fed rate special!

Thanks Brewer!
__________________

__________________
P.S. is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 11:51 AM   #3
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,670
Re: Pen Fed rate special!

Quote:
Originally Posted by brewer12345
5.75% on 5 year CDs at www.penfed.org
And the 7-year CD is 6%. I wish they had a 10 year CD at 7%.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 11:59 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Pen Fed rate special!

Quote:
Originally Posted by retire@40
And the 7-year CD is 6%.* I wish they had a 10 year CD at 7%.
Only downside to the 7 year CD is that they hit you with a 1 year of interest early withdrawal penalty vs. 6 months for most of the other maturities. Still, its hard to find a high quality bond of 7 year maturity yielding 6%.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 04:59 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,439
Re: Pen Fed rate special!

Quote:
Originally Posted by brewer12345
Looks like Pen Fed is at it again.* What is it with them and the early part of the year?* 5.75% on 5 year CDs at www.penfed.org
Can anyone invest through Pen Fed?
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 05:16 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Pen Fed rate special!

Yes, but you must become a member. If you don't qualify by other means (certain affiliations, military service, etc.), you can join by joining the National Military Family Assn for like $20. No need to renew the NMFA membership once you are a Pen Fed member.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 05:19 PM   #7
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,120
Re: Pen Fed rate special!

Dog, click on the "How to Join" link on the Penfed website and it will walk you through how you can become a member of the CU. As brewer says, even if you don't qualify any other way, you can join the NMFA.

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 07:51 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,439
Re: Pen Fed rate special!

Thanks Brewer & Rewahoo. I have some bonus money coming in during March so I will probably put some money there. Might as well use them for my cd portion of my portfolio. Who knows, maybe they will bump it up a little more by then.*
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 09:40 PM   #9
Recycles dryer sheets
 
Join Date: Aug 2005
Posts: 127
Re: Pen Fed rate special!

When I go the the www.pen.org site I can not find the CD rates? What do you pick on to see the current rates?
__________________
If you think nobody cares whether you're alive or dead, try missing a couple of mortgage payments.
kowski is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 09:47 PM   #10
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,120
Re: Pen Fed rate special!

Quote:
Originally Posted by kowski
When I go the the www.pen.org site I can not find the CD rates? What do you pick on to see the current rates?
Wrong website. It's www.penfed.org

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-29-2005, 10:02 PM   #11
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: Pen Fed rate special!

Quote:
Originally Posted by brewer12345
Only downside to the 7 year CD is that they hit you with a 1 year of interest early withdrawal penalty vs. 6 months for most of the other maturities. Still, its hard to find a high quality bond of 7 year maturity yielding 6%.
The exception which I will take advantage of, is to get IRA CDs. At PFCU, you can with close IRA CDs early without a penalty after 59 1/2. An 18 month 6% CD isn't too bad now a days.

It's so nice to be a senior.
__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-30-2005, 08:06 AM   #12
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,120
Re: Pen Fed rate special!

Penfed placed a full-page ad in today's San Antonio paper touting their new CD rates. Bet there is a line out the door of the one branch in town!

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Pen Fed rate special!
Old 12-30-2005, 09:07 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Re: Pen Fed rate special!

Quote:
Originally Posted by REWahoo!
Penfed placed a full-page ad in today's San Antonio paper touting their new CD rates.* Bet there is a line out the door of the one branch in town!

Wow, I didn't even know they had a branch there. The recent increases in savings and CD rates over and above that of the Fed rate increases suggests that many banks and CUs are outrunning their natural deposit bases and having to pay up to get more.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 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
Do you agree with Bengen's "Layer Cake" withdrawal rate MikeK FIRE and Money 23 12-16-2006 11:50 AM
Will the Fed reduce rate? Mach1 FIRE and Money 13 09-01-2006 10:04 AM
The Upside to Low Savings Rate? REWahoo FIRE and Money 0 03-29-2006 10:08 PM
Here's the New I Bond Rate JPatrick FIRE and Money 40 12-21-2005 12:23 PM
"Is the Safe Withdrawal Rate TOO Safe?" Nords FIRE and Money 13 10-20-2004 11:36 AM

 

 
All times are GMT -6. The time now is 09:08 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.