Another Reader
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- Joined
- Jan 6, 2013
- Messages
- 3,417
Pen Fed is at 1.36% APY for 12 months...
I wasn't talking up the rate, just the rate increase. Also, the Ally is no penality, so it is just about like a passbook savings account.Pen Fed is at 1.36% APY for 12 months...
This is the only one I have seen so far......From https://www.depositaccounts.com/blog/
This might be a sign that Wednesday’s Fed rate hike will have an effect on deposit rates. Ally Bank just raised the APY of its 11-month No Penalty CD by 38 basis points to 1.25%. This is the highest APY that Ally Bank has offered on this CD since 2010.
The 1.25% APY applies to all balances. Ally Bank added rate tiers in 2015, but this 11-month CD currently has just one rate for all tiers.
I do not see it anywhere on the website. However, the nice thing about Andrews is that they will email you a sheet of paper for each CD you open including the amounts, maturities, etc as well as the Terms & Conditions including the withdrawal penalty. Here is a picture from mine. Wait about a week and you should get your paperwork.Got my andrews open finally.
3% yield is nice.
I am opening a few in case i withdraw prior to 7 years.
Someone said they saw where early withdrawal penalty was 6 months. I can't find that.
Anyone have that in print?
Thanks.
Got my andrews open finally.
3% yield is nice.
I am opening a few in case i withdraw prior to 7 years.
Someone said they saw where early withdrawal penalty was 6 months. I can't find that.
Anyone have that in print?
Thanks.
I agree.Thanks. Not a bad deal for cash. I am in. They have 3 and 6 month for 3% too.
I did this in the past. Now, I check if they allow partial withdrawals with penalty on only the part withdrawn. Most, but probably not all, now allow this. I first experienced them allowing partial withdrawal about 10-13 years ago at a local branch of large regional bank when I was going to open 6 CD's of same term and rate..Yes but I split it up so rather than open 1 cd I am opening like 4 so I can dump one or two if rates for up
Got my andrews open finally.
3% yield is nice.
I am opening a few in case i withdraw prior to 7 years.
Someone said they saw where early withdrawal penalty was 6 months. I can't find that.
Anyone have that in print?
Thanks.
Yes but I spilt it up so rather than open 1 cd I am opening like 4 so I can dump one or two if rates for up
I split up a CD purchase at Penfed awhile ago but this time i sent Andrews an email requesting specific advice that I could obtain multiple partial withdrawals with the 6 mo EWP and I filed the email with my certificate.I did the same thing and opened 4. Although it was probably overkill since Andrews states that they allow partial withdrawals.
It is still there. The CD rate page has 4 or 5 headers you can check for different type cds ie:Fixed rate, IRA, Jumbo and special ect.I can no longer find the 84 month IRA CD (which I hoped would stick around until April). It looks like the 84 months @ 3% is only available for a regular CD until 12-31-16.
5 year Treasuries are back over 2%. No state income tax on Treasuries. No early withdrawal penalty, just market risk if higher rates.
It is still there. The CD rate page has 4 or 5 headers you can check for different type cds ie:Fixed rate, IRA, Jumbo and special ect.
My Andrews account was finally approved on Tuesday. I was able to fund the account the same day by depositing a personal check at a local credit union co-op shared branch. I called Andrews right after making the deposit and they were able to open three 7-year @ 3% CDs for me right away. It took almost 2 weeks to be approved for membership, but only about 3 hours to fund the account and open the CDs.