Re: Thank You ... Pentagon FCU CD's
I want to add my thanks too! I have had over $100k languishing in a MM account at my local credit union for quite some time, hoping that rates would rise so that I could lock in a better rate. The post regarding PFCU's cd promotion got me motivated to do something about it. I opened an account at PFCU with the intent of transferring my MM funds there into a cd. But, before I did, I asked my local credit union if they would match PFCU's rate. Turns out they would, and their cds of 36 months or greater have a one time "step up" feature whereby you can convert your cd to a better rate if interest rates rise over the duration of the certificate. They wouldn't split the jumbo cd into smaller cd's as PFCU apparently will do, but I felt that was a small price to pay for the "step up" feature. Anyway, this board has probably saved me several thousand dollars. Many thanks!