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PenFed 5 Year CDs up to 3% again.....
Old 06-20-2018, 03:14 PM   #1
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PenFed 5 Year CDs up to 3% again.....

https://www.penfed.org/accounts/mone...et-certificate
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Old 06-20-2018, 03:16 PM   #2
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But their terms stink. Check the early withdrawal penalties.
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Old 06-20-2018, 03:18 PM   #3
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Yeah, but when we jumped on the 3% deal 5 years ago that rate was heads and shoulders better than anything else available.... it was special... now 3% for a 5 year CD is very good but not outstanding... Vanguard is showing 5 year brokered CD's at 3.3%.
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Old 06-20-2018, 03:28 PM   #4
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If you are in Central Florida, Achieva Credit Union has 60 month CD at 4%.
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Old 06-20-2018, 04:09 PM   #5
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Originally Posted by Buckeye View Post
If you are in Central Florida, Achieva Credit Union has 60 month CD at 4%.
I checked and even though one could join, I could not find the 4% rate, (They do not make it easy). We do not live in any of their counties but can join their foundation to become members. Best I could find was 2.6% for 5 Years by randomly selecting counties.

So the 4% is really moot for most of us. If we could even find it.
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Old 06-20-2018, 04:34 PM   #6
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Well, I have two PenFed CDs maturing this month. I'll take 3% even if 5yr.
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Old 06-20-2018, 04:38 PM   #7
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Well, I have two PenFed CDs maturing this month. I'll take 3% even if 5yr.
Not me, when shorter term is getting closer.
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Old 06-20-2018, 06:05 PM   #8
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I chose Pinellas County and then found a rates link somewhere. Then went to IRA/457 B Certificate of Deposit Rates near the bottom of the list. This rate is not available for regular CD's.
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Old 06-20-2018, 08:00 PM   #9
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You can get 3% in a 3-year brokered CD issue from several institutions. Ally, AMEX, Discover, Citibank, Wells Fargo, and others.
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Old 06-21-2018, 07:15 AM   #10
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Not good enough in today's environment.
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Old 06-21-2018, 07:33 AM   #11
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Capital One has a deal for $500 bonus (on a 100k deposit) + 1.6% yield, for a minimum of 90 days. (tiered deposits, $400 on 80k etc).

So that should be $900ish on 100k for 90 days? Also odds are interest rates on CD's might be up by the end of that so better options at the end...
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Old 06-21-2018, 07:49 AM   #12
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Capital One has a deal for $500 bonus (on a 100k deposit) + 1.6% yield, for a minimum of 90 days. (tiered deposits, $400 on 80k etc).
The bonus cash deals have gotten piddly this year.

I just closed out 2 accounts that were opened late last year to grab their bonus cash and make it past the early closeout fee.

1. HSBC - this was the best $200 cash bonus for $1500 deposit and minimum balance for 90 days. HSBC still has these - can get $200 for $1500, $350 for $10k, or $750 for $100k

https://www.us.hsbc.com/checking-acc...gns/offer-2018

2. M&T Bank - $250 for $10,000 deposit...reduced to $7500 once $250 was credited and staying at $7500 minimum to avoid monthly fees.


Earlier last year we did the Discover Savings account, and they are still running that offer now:
https://www.discover.com/online-bank...=057&van=Dbank

The nice thing with this one - no early closeout fee. Once they credit the bonus, you can close the account. Open account by 7/2, fund it to necessary level by 7/16, bonus is credited by 7/30. That's $150 on $15,000 or $200 on $25,000 for under 1 month. And it also pays 1.65% APY while the money is there.
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Old 06-21-2018, 09:05 AM   #13
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Navy Federal has a 3% 5 year CD available. I haven't compared their EWP with PenFed's.
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Old 06-21-2018, 09:13 AM   #14
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Not good enough in today's environment.
agreed. Currently pulling +9.5% on a moderate equity risk appetite. 10% individuals (stocks) the rest ETFs.

I don't get out of bed for 3%. Actually who the he!! am I kidding yes I would.
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Old 06-21-2018, 10:30 AM   #15
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So we've gone from "wadda we gonna do when this ends?" to "Pfft! 3%! I'm not takin' no stinkin' 3%!"

I think it's good news that rates are trending to be 3% or better when the current CDs mature at year end. I don't think investors or lenders are too enthusiastic beyond 3yr term. This is working out pretty well for me so far.
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Old 06-21-2018, 11:01 AM   #16
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Not me, when shorter term is getting closer.
I'm with you. I'm getting 2.26% on a money market fund, which seems like a good place to park money while waiting for better 3-5 year rates.
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Old 06-21-2018, 11:32 AM   #17
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I just got the $300 cash bonus deposited for opening a Chase savings account (back in march) and depositing $25k. I immediately moved the $23.4k of that to my Vanguard money market yesterday now earning 1.8% awaiting a better long term CD option (4%+). Why not all of $25.3k? Because according to the fine print the account must remain open for a total of 6 months or they'll pull the reward back.
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60-Month IRA Certificate of Deposit 4.35% APY
Old 06-21-2018, 04:26 PM   #18
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60-Month IRA Certificate of Deposit 4.35% APY

Achieva Credit Union is now offering a 60-Month IRA Certificate of Deposit at a rate as high as 4.35% APY.
https://www.achievacu.com/Home/Rates

IRA Certificate of Deposit (CD) rates:
60 mo. ($500minimum) Rate: 3.928% APY: 4.00%
60 mo. Plus ($25,000 minimum) Rate: 4.025% APY: 4.10%
60 mo. Plus ($75,000 minimum) Rate:4.121% Apy 4.20%
Achieva members with an active Achieva Checking account will receive a preferred rate increase of 0.15% on top of that.
Easy membership. It seems that anyone can join for a minimum donation to their foundation.
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