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

[Dtail]

Quote:

Originally Posted by lordjust How did you deal with the simple.com's split your money/goal thing? I think ill be moving over to first foundation bank (2.372%) from comenity (1.9%).

I opened up the regular savings account first and deposited the 20k there in order to receive the 500 bonus in Feb.
Then I opened up the Protected Goals savings account and transferred the monies from the other account.
The combined accounts count towards the bonus qualification status.
The Protected Goals account has an APY of 2.15%.
These monies are a substitute for Ally Bank (1.70%) for me.

[calmloki]

The people on the phone for Simple are about the best and most responsive I've dealt with. Have had them call back within a few hours when they said they would; very helpful and nice to talk with. Their web site is horrible. Cute and fluffy and a royal PITA to get useful information from. Not amused by hiding my money in a "my goals" area so I don't see it and have to blow it all on penny candy and gimcracks. Very unfortunate; I want to like them but find Ally and Discover way easier to get information from or work with.

[Dtail]

Quote:

Originally Posted by calmloki The people on the phone for Simple are about the best and most responsive I've dealt with. Have had them call back within a few hours when they said they would; very helpful and nice to talk with. Their web site is horrible. Cute and fluffy and a royal PITA to get useful information from. Not amused by hiding my money in a "my goals" area so I don't see it and have to blow it all on penny candy and gimcracks. Very unfortunate; I want to like them but find Ally and Discover way easier to get information from or work with.

Bolded by me - not sure what this means. I set up the Protected Goals account and haven't had to do anything since.
The website is horrible, but one can still see the balance plus interest earned in the goals account.
This account/bank for me is just a safekeeping account for future use of cash as part of managing MAGI. Thus I have minimal transactions and need to use the site frequently.

[Golden sunsets]

Quote:

Originally Posted by calmloki The people on the phone for Simple are about the best and most responsive I've dealt with. Have had them call back within a few hours when they said they would; very helpful and nice to talk with. Their web site is horrible. Cute and fluffy and a royal PITA to get useful information from. Not amused by hiding my money in a "my goals" area so I don't see it and have to blow it all on penny candy and gimcracks. Very unfortunate; I want to like them but find Ally and Discover way easier to get information from or work with.

I agree it is a horrible format. I also haven't figured out how to move money back to checking or how to move additional money into the protected goals account. Very awkward.

[njhowie]

Quote:

Originally Posted by Golden sunsets I agree it is a horrible format. I also haven't figured out how to move money back to checking or how to move additional money into the protected goals account. Very awkward.

Agree, it is very awkward.

Move money to/from checking from/to goals:
https://www.simple.com/help/articles...ing-from-goals - scroll down to the bottom.

Quote:

Transferring money out of a Goal You can also move money from your Goals back to your Safe-to-Spend. Click on the Goal and select the Transfer button. You'll see a screen pop up prompting you to transfer money into the Goal. Since right now, we want to move money out of the Goal, click Change to change the direction of the transfer. You can also click on a Goal, drag, and drop onto your Safe-to-Spend. That'll automatically bring up the transfer screen, where you can specify the amount you'd like to move.

[Golden sunsets]

Quote:

Originally Posted by njhowie Agree, it is very awkward. Move money to/from checking from/to goals: https://www.simple.com/help/articles...ing-from-goals - scroll down to the bottom.

Thanks NJ. Ridiculous.

[njhowie]

Quote:

Originally Posted by Golden sunsets Thanks NJ. Ridiculous.

They've obviously taken the utilitarian route with the website attempting to make it "simple", however it seems that somewhere along the way they missed the mark and it went off the rails complicating things. I haven't tried the app, but I'm guessing it fits in with the whole goals/expenses thing and for younger folks looking to control their budget and save along the way maybe it makes more sense. For older folks, we want plain vanilla checking/savings.

[frank]

Quote:

Originally Posted by ShokWaveRider Still a Few 3% available for some. Lafayette Federal Credit Union 5-Year CD Earns 3.03% APY P1FCU (ID/OR/WA) Offers 3.05% APY On 60-Month CD GPO Federal Credit Union (NY) Adds 14-Month CD Special, 3.00% APY Space City Credit Union (TX) Offers 3.04% APY On 5-Year Jumbo CD Andrews Federal Credit Union Adds 3-month CD Special, 3.01% APY All In Credit Union Unveils 53-Month Special CD, 3.00% APY

what site did you use to find these rates? I was curious about the membership requirements and can't find them. thanks

[ShokWaveRider]

Quote:

Originally Posted by frank what site did you use to find these rates? I was curious about the membership requirements and can't find them. thanks

One that has been discussed and used here frequently. Here you go.

https://www.depositaccounts.com/blog/

[Montecfo]

I had a CD at a credit union mature. I was planning to move the money elsewhere. I went to the branch to make the withdrawal, and also to ask a question: Could I renew the CD into their latest promo, which was for "new money only" (As was the CD that just ended)?

Without batting an eye, I was told I could, but this was a "one-time exception".

This was so easy it made me wonder if i could have crafted an even better deal. Maybe will try next time.

[audreyh1]

We plan on doing a largish gift to family (heirs) in the near term and my CDs maturing now and in the next couple of months are going to that. So I’m not currently in the market for new CDs!

Kind of a relief in a way not to have to shop for new CDs in this sudden return to very low interest rates.

[Dave J]

Quote:

Originally Posted by audreyh1 We plan on doing a largish gift to family (heirs) in the near term and my CDs maturing now and in the next couple of months are going to that. So I’m not currently in the market for new CDs!

You have always been my favorite relative! Need my mailing address?

[audreyh1]

Quote:

Originally Posted by Dave J You have always been my favorite relative! Need my mailing address?

Ha ha!

[jazz4cash]

Quote:

Originally Posted by Montecfo I had a CD at a credit union mature. I was planning to move the money elsewhere. I went to the branch to make the withdrawal, and also to ask a question: Could I renew the CD into their latest promo, which was for "new money only" (As was the CD that just ended)? Without batting an eye, I was told I could, but this was a "one-time exception". This was so easy it made me wonder if i could have crafted an even better deal. Maybe will try next time.

I have had credit unions make exceptions for me before so I have developed a policy that it never hurts to ask. I am in a similar position and I figured if they say no, I could always transfer the funds out and move them back in like laundering funds!

[copyright1997reloaded]

Quote:

Originally Posted by Montecfo I had a CD at a credit union mature. I was planning to move the money elsewhere. I went to the branch to make the withdrawal, and also to ask a question: Could I renew the CD into their latest promo, which was for "new money only" (As was the CD that just ended)? Without batting an eye, I was told I could, but this was a "one-time exception". This was so easy it made me wonder if i could have crafted an even better deal. Maybe will try next time.

I just did a similar thing with a couple maturing NASA FCU CD's. They were able to make an exception on the 10K in new $ requirement. Picked up the 15-month 2.5% as a place to hold the money.

[calmloki]

Quote:

Originally Posted by copyright1997reloaded I just did a similar thing with a couple maturing NASA FCU CD's. They were able to make an exception on the 10K in new $ requirement. Picked up the 15-month 2.5% as a place to hold the money.

Have one there maturing 12/13 - called this morning to discuss moving it ($15 wire fee or $10k/day limit on a push/no limit on a pull). They said they would need $10k in additional new money to let me keep $104k there in a new 2.5% CD. Granted, it's not the 13th yet, but methinks NASAFCU is going to drop off my Quicken list of accounts soon. Have started test deposits from ALLY for a pull, but may just do a wire - about the same cost in lost interest as the wire fee.

[pb4uski]

Quote:

Originally Posted by Montecfo I had a CD at a credit union mature. I was planning to move the money elsewhere. I went to the branch to make the withdrawal, and also to ask a question: Could I renew the CD into their latest promo, which was for "new money only" (As was the CD that just ended)? Without batting an eye, I was told I could, but this was a "one-time exception". This was so easy it made me wonder if i could have crafted an even better deal. Maybe will try next time.

Doesn't sound like an exception. You could have asked for a check for the maturing CD, walked out the door, turned around and walked back in and it would have been new money.

[brewer12345]

Quote:

Originally Posted by Montecfo I had a CD at a credit union mature. I was planning to move the money elsewhere. I went to the branch to make the withdrawal, and also to ask a question: Could I renew the CD into their latest promo, which was for "new money only" (As was the CD that just ended)? Without batting an eye, I was told I could, but this was a "one-time exception". This was so easy it made me wonder if i could have crafted an even better deal. Maybe will try next time.

A little known fact is that banks frequently make exceptions and negotiate special rates for large depositors. "Large" depends on the size of the bank and the degree to which they will wiggle depends on the competitive environment, but it is always worth asking.

[Montecfo]

Quote:

Originally Posted by copyright1997reloaded I just did a similar thing with a couple maturing NASA FCU CD's. They were able to make an exception on the 10K in new $ requirement. Picked up the 15-month 2.5% as a place to hold the money.

I was at NASA also. I got the 9 month.

[RetiredAndLovingIt]

Navy Federal 37-Month 3.0% APY Add-On Special, IRA/ESA Only



https://www.depositaccounts.com/bank...tml#promo40258