Best CD & MM Rates Thread 2019 - Please post updates here

[Another Reader]

I did NOT get an e-mail from Ally about the 2.85 percent CD offer. All the web page shows is 2.75 percent for 12 months. Kind of hurt my feelings, because I have been with them since the GMAC days...

 

[njhowie]

I did NOT get an e-mail from Ally about the 2.85 percent CD offer. All the web page shows is 2.75 percent for 12 months. Kind of hurt my feelings, because I have been with them since the GMAC days...

It's good until Feb 28.

Use this link: https://www.ally.com/learn/selectcd-14m

2.85% APY

14-Month Select CD

Learn More

Offer valid from 11/9/18 – 2/28/19.
APY is accurate as of 01/08/2019 and is subject to
change. Early withdrawal penalty will apply.

QUESTIONS? Chat or email us, or call us 24/7 at 1-877-247-ALLY

 

[almost there]

I did not get it either. (Ally 2.85% 14 mo) Am actually existing Ally as we speak, mainly due to non competitive rates. $150k left today for 3.75 at Navy Fed ... $90k next week for 3.4% at PenFed. They probably figured they had to do something to stem the exodus of funds........2.85% is a good rate for them........Too bad its just on one CD...

 

[Dtail]

I did NOT get an e-mail from Ally about the 2.85 percent CD offer. All the web page shows is 2.75 percent for 12 months. Kind of hurt my feelings, because I have been with them since the GMAC days...

Actually I didn't receive an email either. I knew about it from this site. I think I found it on their site last week as a special offer, but not this week, at least not in any obvious place.

 

[almost there]

This is a great PenFed feature for me. 59 1/2 in 2 yrs... "I suspect the lower rate for IRA's is because they allow early withdrawal of all but $1K from IRA CDs without penalty if you're over 59.5"

I just called Ally for more transfer out info & asked about the special. Was told its been going on for months, and is not advertised or listed on the website. I asked if there were any other hidden deals before I transfer my entire IRA out. Was told only the 14 mo. Already have a 2.75% 12 mo there. Just signed up for the 3.25% 17 mo at Navy Fed. today, so Ally will yet again lose more of my funds. Busy as heck lately, but should have a quiet 12 months, starting next week. Got 95% of everything averaging just over 3% now. Sav/ 12mo to 5 yr cds. Lots of phone calls, lots of virtual paperwork....

 

[ShokWaveRider]

Vanguard VMMXX is 2.47% Compounded. Not bad for a MM. vs Fidelity FZDXX at
2.4% The difference is probably because Fidelity has higher fees.

 

[Dtail]

Vanguard VMMXX is 2.47% Compounded. Not bad for a MM. vs Fidelity FZDXX at
2.4% The difference is probably because Fidelity has higher fees.

Yes that is true. Personally, I look at MM and cash like accounts after fees, so in this case the 7 bps wouldn't be enough to go to Vanguard since Fidelity is my main investment house.

 

[51togo]

I’ve just updated my Penfed 5 years CD from 3 to 3.5 percent last month. Now I got a Chase broker $100k CD maturing, my Chase adviser suggested that in lieu of a 5 years CD at 3.2% to a annuity account at 3.3% where it will be compounded daily and better withdraw rate with less penalties and tax deferral. Also covers up to $1M insured. Your input and thanks!

 

[REWahoo]

I’ve just updated my Penfed 5 years CD from 3 to 3.5 percent last month. Now I got a Chase broker $100k CD maturing, my Chase adviser suggested that in lieu of a 5 years CD at 3.2% to a annuity account at 3.3% where it will be compounded daily and better withdraw rate with less penalties and tax deferral. Also covers up to $1M insured. Your input and thanks!

I suggest you start a separate thread to discuss this annuity option as this thread is about CD and MM rates.

 

[wolf]

I’ve just updated my Penfed 5 years CD from 3 to 3.5 percent last month. Now I got a Chase broker $100k CD maturing, my Chase adviser suggested that in lieu of a 5 years CD at 3.2% to a annuity account at 3.3% where it will be compounded daily and better withdraw rate with less penalties and tax deferral. Also covers up to $1M insured. Your input and thanks!

Agree. Wrong site. "Chase adviser annuity." Run away, Don't walk !

 

[24601NoMore]

Anyone know any tricks to be able to join NavyFed if you're not military or have a family member who is?

 

[target2019]

I’ve just updated my Penfed 5 years CD from 3 to 3.5 percent last month. Now I got a Chase broker $100k CD maturing, my Chase adviser suggested that in lieu of a 5 years CD at 3.2% to a annuity account at 3.3% where it will be compounded daily and better withdraw rate with less penalties and tax deferral. Also covers up to $1M insured. Your input and thanks!

Annuity has a set of features, and some are similar to CD and MM. But you have to be careful not to get caught short. What you mention sounds like a flex annuity, where you can add new dollars. M-I-L had one of these, and it started at a rate greater than 3% (can't recall) and eventually dropped to 3%, which was the minimum. Whatever the annuity salesman says, you need to carefully check everything in the contract. I've heard that sometimes an annuity salesman may not represent all features of the contract.

 

[target2019]

Anyone know any tricks to be able to join NavyFed if you're not military or have a family member who is?

"Tricks" are listed here:
https://www.navyfederal.org/resourc...nce/are-you-eligible-to-join-navy-federal.php
Become a DoD contractor and get assigned to a DoD facility?

 

[pb4uski]

.... I've heard that sometimes an annuity salesman may not represent all features of the contract.

This could be in the running for the understatement of 2019.

 

[REWahoo]

FWIW (not much), 51togo posted his annuity question here so this thread could stay semi-focused on MM and CD rates, which is a subject of interest to many on the forum.

 

[njhowie]

A few of the 5-year 3.6% CDs showed up on Fidelity this morning and I grabbed them. I have been watching for these since they were all taken last weekend. However, the settlement date on them is 1/18 (maturity 1/18/2024) - meaning they were selling in advance, and anyone who had taken/reserved them is able to cancel until the purchases go through...and then others can take them.

 

[jazz4cash]

A few of the 5-year 3.6% CDs showed up on Fidelity this morning and I grabbed them. I have been watching for these since they were all taken last weekend. However, the settlement date on them is 1/18 (maturity 1/18/2024) - meaning they were selling in advance, and anyone who had taken/reserved them is able to cancel until the purchases go through...and then others can take them.

Thanks. Good info. I wondered how it worked when settlement is many days away.

 

[OAG]

Penfed has 3.5% APY CD's 5 or 7 year available now. Not very good EWP but IMO better than trying to market one of the Fidelity 3.6% (not sure if that is APY or APR) on the open market.

 

[retired1]

Navy Federal Credit Union:
17 Month CD: 3.25% APY
40 Month CD: 3.75% APY (IRA)

Link: https://www.navyfederal.org/products-services/checking-savings/certificates-rates.php

 

[Golden sunsets]

ALLY Bonus deadline today

We made arrangements to open a 17 mo 3.25% CD at Navy Federal for $50. yesterday, after a weeklong process of becoming members. We plan to break a no penalty CD at Ally to fund the remainder of the $50,000 max. Today is the day which the bonus offer stated funds must be retained to, in order to receive the $1,000 offer. Does anyone know if we can remove funds today, or wait until tomorrow? I suppose it makes sense to just wait until tomorrow to push the funds from Ally to NFCU.

 

[Dtail]

We made arrangements to open a 17 mo 3.25% CD at Navy Federal for $50. yesterday, after a weeklong process of becoming members. We plan to break a no penalty CD at Ally to fund the remainder of the $50,000 max. Today is the day which the bonus offer stated funds must be retained to, in order to receive the $1,000 offer. Does anyone know if we can remove funds today, or wait until tomorrow? I suppose it makes sense to just wait until tomorrow to push the funds from Ally to NFCU.

Based on the many posts on Bogleheads, it appears that one has to wait until the 16th to remove the money.

 

[Golden sunsets]

Based on the many posts on Bogleheads, it appears that one has to wait until the 16th to remove the money.

Thanks - Just read through that thread and will wait until the 16th to be sure. I'd love to see a 3.0% minimum 2 year CD show up now for the rest of the $100,000.

 

[jazz4cash]

Thanks - Just read through that thread and will wait until the 16th to be sure. I'd love to see a 3.0% minimum 2 year CD show up now for the rest of the $100,000.

Do you have a spouse/family member that would qualify for membership to open another 17 Mo CD at NFCU? That would take care of another 50k. They are currently offering new member sign up bonuses, too

 

[Golden sunsets]

We missed out on the $25 bonus. Didn't know about it. We are both on the 50K we just opened. Plus I'm really trying to create a ladder while also grabbing best rates, so I am now looking for a 2 year at 3% minimum.

 

[Drake3287]

With million's of dollars now becoming "available" from that Ally bonus special I wonder if anyone including Ally have plans to entice people with a new special program or higher rate? It'll be interesting to see.....