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12-29-2005, 08:48 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Pen Fed rate special!
12-29-2005, 10:09 AM
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#2
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Recycles dryer sheets
Join Date: Jan 2005
Posts: 445
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Re: Pen Fed rate special!
Thanks Brewer!
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Re: Pen Fed rate special!
12-29-2005, 10:51 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: Pen Fed rate special!
Quote:
Originally Posted by brewer12345
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And the 7-year CD is 6%. I wish they had a 10 year CD at 7%.
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No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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Re: Pen Fed rate special!
12-29-2005, 10:59 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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%.
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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%.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Pen Fed rate special!
12-29-2005, 03:59 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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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
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Can anyone invest through Pen Fed?
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Retired 3/31/2007@52
Investing style: Full time wuss.
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Re: Pen Fed rate special!
12-29-2005, 04:16 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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Re: Pen Fed rate special!
12-29-2005, 04:19 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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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.
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Numbers is hard
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Re: Pen Fed rate special!
12-29-2005, 06:51 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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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.*
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Retired 3/31/2007@52
Investing style: Full time wuss.
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Re: Pen Fed rate special!
12-29-2005, 08:40 PM
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#9
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Recycles dryer sheets
Join Date: Aug 2005
Posts: 127
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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?
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If you think nobody cares whether you're alive or dead, try missing a couple of mortgage payments.
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Re: Pen Fed rate special!
12-29-2005, 08:47 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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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?
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Wrong website. It's www.penfed.org
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Numbers is hard
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Re: Pen Fed rate special!
12-29-2005, 09:02 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,341
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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%.
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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.
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I look to the present moment because that's where I live my life.
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Re: Pen Fed rate special!
12-30-2005, 07:06 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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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
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Re: Pen Fed rate special!
12-30-2005, 08:07 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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!
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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