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Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here
Old 12-27-2019, 05:25 PM   #1
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Best CD, MM Rates & Bank Special Deals Thread 2020 - Please post updates here

I though I would start this in time for the 1st of 2020. I included Bank deals as most folks post them here anyways.

Happy NY to you all and hope all you CD & MM investors/savers have a prosperous (and Healthy 2020).
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Old 12-27-2019, 07:05 PM   #2
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Fine fresh plan. Columbia Credit Union:

"If you, or anyone in your family, lives or works in Washington State or the Oregon communities of Clackamas, Marion, Multnomah, and Washington Counties, you’re eligible to join!"

Just bought a 3%/60Mo CD from them. No need for it to be IRA.
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Best CD & MM Rates Thread 2020 - Please post updates here
Old 01-01-2020, 09:13 AM   #3
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Best CD & MM Rates Thread 2020 - Please post updates here

This post was a huge help to me in 2019.
Wanted to keep it going.

Only deal I am aware of is again at Navy Fed.
Opened one as a Roth a couple weeks ago over the phone
with interest from another Roth CD I have with Navy.
Super simple....

Special 37-Month IRA/ESA Certificate
$50 to open / OK to add funds apy 3.00%

This post was made a Sticky last year. Which was handy.
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Old 01-01-2020, 09:23 AM   #4
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Best rate I could find for a no strings money market account.

https://allamerica.bank/personal/banking

This is where the majority of my idol cash sits that I have full access to without penalty whenever needed.
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Old 01-01-2020, 09:23 AM   #5
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One has already been started Here: Can Admin Please remove one.

http://www.early-retirement.org/foru...re-101376.html
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Old 01-01-2020, 09:24 AM   #6
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Navy Federal CU:

Special 37-Month IRA/ESA Certificate
$50 to open / OK to add funds apy 3.00%
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Old 01-01-2020, 09:39 AM   #7
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Yea, didnt see one started early. Just up dated my orig post from 1/1/2019 to 1/1/2020
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Old 01-01-2020, 09:43 AM   #8
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Originally Posted by ShokWaveRider View Post
One has already been started Here: Can Admin Please remove one.

http://www.early-retirement.org/foru...re-101376.html
I merged the threads and put a sticky on this one.
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Old 01-01-2020, 10:23 AM   #9
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Community Shores Bank (MI) Rewards Checking Earns 3.25% APY

Deal Summary: Rewards Checking, 3.25% APY on qualifying balances up to $25k.
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Old 01-08-2020, 08:12 AM   #10
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My cash bucket is at Coastal Credit Union. Checking gets 3% and MM gets 2%. The checking has a limit of $10k, so I keep close to that in there, with the rest in the MM. You have to have 30 transaction/month on their debit Visa to get these rates, but so far that has not been a problem (I use it for everything).

I used to have everything for my cash bucket in VMMXX, but this is more better, and no fees.
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Old 01-08-2020, 12:18 PM   #11
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Originally Posted by Tracer View Post
Best rate I could find for a no strings money market account.

https://allamerica.bank/personal/banking

This is where the majority of my idol cash sits that I have full access to without penalty whenever needed.
This is a good rate, but I found Live Oak bank offering 1.85% APY no minimum balance, and no maximum limit. You can mail in a check, but, they prefer ACH transactions. Unlike Allamerica, tho, there is no credit or debit card associated with the account.

https://www.liveoakbank.com/
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Old 01-11-2020, 09:06 AM   #12
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Space Coast Credit Union (FL) Has Leading IRA CD Rates

For Local Folks, this appears like a great Deal in today's market. This is where we have 50% of our Retirement Nest Egg. It is a 30 mile drive for us but has been worth it.

One thing to be considered is they Pay Dividends Quarterly.

Deal Summary:

IRA CDs – 6-month (2.25% APY)
12-month (2.55% APY), 18-month (2.55% APY)
24-month (2.63% APY), 30-month (2.68% APY)
36-month (2.73% APY), 42-month (2.78% APY)
48-month (2.93% APY), 54-month (2.98% APY)
60-month (3.03% APY)
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Old 01-11-2020, 11:38 AM   #13
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Space Coast Credit Union (FL) Has Leading IRA CD Rates

For Local Folks, this appears like a great Deal in today's market. This is where we have 50% of our Retirement Nest Egg. It is a 30 mile drive for us but has been worth it.

One thing to be considered is they Pay Dividends Quarterly.

Deal Summary:

IRA CDs 6-month (2.25% APY)
12-month (2.55% APY), 18-month (2.55% APY)
24-month (2.63% APY), 30-month (2.68% APY)
36-month (2.73% APY), 42-month (2.78% APY)
48-month (2.93% APY), 54-month (2.98% APY)
60-month (3.03% APY)
Those are some good rates especially the intermediate.

Are you saying you are 50% cash/CDs?
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Old 01-11-2020, 11:51 AM   #14
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Patriot Bank is offering a 2.26% APR on new online money market accounts. $100 minimum deposit (no maximum that I could find), and rate is guaranteed through June 2020.

https://www.doctorofcredit.com/patri...rough-6-30-20/

Probably only worth doing if you have a substantial amount of cash to invest that isn't already earning a decent rate (like Ally's 1.6%).
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Old 01-11-2020, 12:14 PM   #15
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Quote:
Originally Posted by ShokWaveRider View Post
Space Coast Credit Union (FL) Has Leading IRA CD Rates

For Local Folks, this appears like a great Deal in today's market. This is where we have 50% of our Retirement Nest Egg. It is a 30 mile drive for us but has been worth it.

One thing to be considered is they Pay Dividends Quarterly.

Deal Summary:

IRA CDs 6-month (2.25% APY)
12-month (2.55% APY), 18-month (2.55% APY)
24-month (2.63% APY), 30-month (2.68% APY)
36-month (2.73% APY), 42-month (2.78% APY)
48-month (2.93% APY), 54-month (2.98% APY)
60-month (3.03% APY)
Unfortunately it doesn't extend into Hillsborough, but did get at GTE 60 month at 3.30% APY.
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Old 01-11-2020, 12:15 PM   #16
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Those are some good rates especially the intermediate.

Are you saying you are 50% cash/CDs?
IIRC, SWR does not have stock exposure.
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Old 01-11-2020, 10:42 PM   #17
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Seattle Bank (seattlebank.com) current CD rates competitive, decent website
Interest Rate APY 3 month 0.60%; 6 month 0.80% 9 month 1.00% 12 month 2.20% 24 month 2.30% 36 month 2.35% 48 month 2.40% 60 month 2.50. $1000 min
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Old 01-11-2020, 11:01 PM   #18
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I’ve been taking advantage of the Andrews FCU certificate specials of 8 month at 2.05%, 13 month at 2.15% and 17 month at 2.25%.
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Old 01-15-2020, 09:21 AM   #19
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Opened an 84 month CD for $20,000 at Andrews Federal Credit Union, for 3.05%. One year of interest is the penalty for early withdrawal. It was a difficult task to complete. Glitchy website, customer service reps that contradict one another, long wait times for reps to answer the phone. One rep actually told me there was a $10,000 max limit on the CD. One rep told me the EWP was only 6 months interest. Not wanting to diss Andrews too much, just relating my experience. Glad I finally have the CD established, since 3.05% is a good rate these days.
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Old 01-15-2020, 10:20 AM   #20
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When I opened an 84 month certificate long ago the EWP was 180 days.

I have had no trouble opening CDs on the Andrews website although a while ago it did take me some time to figure out to click on the “+” sign to open a new CD.
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