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Old 07-25-2014, 07:18 AM   #21
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I put a big chunk in last years penfed 3% deal. had to sit on it for a while before the cd's became available. I know where I can get 2.5 percent now for 5 year cd's but their penalty for early withdrawal is a full year of interest. I can get one percent at a local saving place, so don't know what to do. if I put it in at 2.5 for two years and do an early withdrawal it will actually be 1.25 for the two. it would still be ahead of the savings rate. what do you think?
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Old 07-25-2014, 09:17 AM   #22
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I put a big chunk in last years penfed 3% deal. had to sit on it for a while before the cd's became available. I know where I can get 2.5 percent now for 5 year cd's but their penalty for early withdrawal is a full year of interest. I can get one percent at a local saving place, so don't know what to do. if I put it in at 2.5 for two years and do an early withdrawal it will actually be 1.25 for the two. it would still be ahead of the savings rate. what do you think?

It is becoming clear to me, we are all scratching for small basis point movements. If you think they will let you get it out and don't change the rules, I don't see how you can get hurt by it. If rates jump enough to where you actually have a decision to make that is probably a good thing, not bad. But I'm beginning to think we will all be in nursing home still complaining about the good old days long gone of 6% CDs.


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Old 07-25-2014, 10:53 AM   #23
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good one mulliugan
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Old 07-25-2014, 06:44 PM   #24
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My guess is 2016.


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