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Old 01-25-2023, 05:29 PM   #141
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Democracy Federal Credit Union Members

Is anyone here a member of (DFCU) Democracy Federal Credit Union that would be willing to sponsor me for membership? I retired out of State and they won't recognize my work experience in Alexandria for membership. Thanks for the help.

Robert
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Old 01-26-2023, 10:01 AM   #142
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Is anyone here a member of (DFCU) Democracy Federal Credit Union that would be willing to sponsor me for membership? I retired out of State and they won't recognize my work experience in Alexandria for membership. Thanks for the help.

Robert
Unfortunately I can't help you out. However, I did notice their 6.25% 18-month CD rate. Pretty impressive.

As far as others sponsoring you for membership, on their website it says that it must be a family member who is already a DFCU member.
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Old 01-26-2023, 12:40 PM   #143
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There are several 12 month CD rates listed on Fidelity for 4.70% right now.
https://fixedincome.fidelity.com/ftg...-new-issue|1yr

There's even a couple @ 4.75%, one not call protected and the other a very limited quantity.

They also have a few 9-month CD's at 4.7% as well.
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Old 01-26-2023, 01:05 PM   #144
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For Texas residents
Mobility Credit Union (TX) Long-Term CDs Offer Excellent Rates
Deal Summary: CD – 48-month (5.43% APY) and 60-month (5.59% APY), $500 minimum deposit.
More details at https://www.depositaccounts.com/bank...-union/offers/
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Old 01-28-2023, 08:41 AM   #145
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Scooped up some 18 month 4.7 % hooch at Penfed.
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Old 01-28-2023, 09:05 AM   #146
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For Texas residents
Mobility Credit Union (TX) Long-Term CDs Offer Excellent Rates
Deal Summary: CD – 48-month (5.43% APY) and 60-month (5.59% APY), $500 minimum deposit.
More details at https://www.depositaccounts.com/bank...-union/offers/

Looks like rates dropped a little:

UPDATE 1/27/2023: 48-month and 60-month CD rates have dropped.
Deal Summary: CD – 48-month (5.06% APY) (
and 60-month (5.12% APY)

Still a good rate.
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Old 01-28-2023, 09:34 AM   #147
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Originally Posted by RetiredAndLovingIt View Post
For Texas residents
Mobility Credit Union (TX) Long-Term CDs Offer Excellent Rates
Deal Summary: CD – 48-month (5.43% APY) and 60-month (5.59% APY), $500 minimum deposit.
More details at https://www.depositaccounts.com/bank...-union/offers/
Almost looks to good to be true, but maybe not... However, it is a CU with only a B+ rating and only 351m in deposits and is the 74th largest in Texas. I didn't know Texas had that many credit unions... I assume it's insured by the NCUA but I didn't see it clearly posted. (I didn't look to hard but I like to see the "Guarantee on the Box" clearly stated.)
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Old 01-31-2023, 01:38 PM   #148
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Schwab, just posted a new issued 1yr brokered cd @ 4.8%.... Inching up ever so slightly again. 9mo and 18mo are up a little too at 4.7x

Anticipation of Jay Powell's rate increase tomorrow? .
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Old 01-31-2023, 03:29 PM   #149
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Wait till tomorrow. ......
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Old 01-31-2023, 03:32 PM   #150
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Wait till tomorrow. ......
"Everybody" is expecting a 1/4 point and some hawkish talk.
If so it'll be a nothingburger on the long end with the yield curve still painfully inverted.
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Old 01-31-2023, 06:01 PM   #151
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On Fidelity, OLD NATIONAL BANK 4.800000 05/06/2024 02/06/2023
15 mon non-callable
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Old 01-31-2023, 11:07 PM   #152
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Ally raised their savings account from 3.3% to 3.4%
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Old 02-01-2023, 12:52 PM   #153
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Since Ally raised their savings rate, there’s a good chance that Discover, Capital One and Marcus will also since they’re all at 3.30%
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Old 02-01-2023, 01:03 PM   #154
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Well Jay Powell raised rates another 1/4 point today and suggested there will be more increases and rates will stay up for some time (at least thru YE)... So from my POV, how many more increases, how much more and how long they will be maintained are still the questions?

So, I expect CD's will head up sightly in the coming weeks and the inversion will remain but "may" start to flatten on the longer terms. (maybe) I think we will see 5% for 9 to 18mo CD's to become common pretty soon. YMMV
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Old 02-01-2023, 01:53 PM   #155
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Well Jay Powell raised rates another 1/4 point today and suggested there will be more increases and rates will stay up for some time (at least thru YE)... So from my POV, how many more increases, how much more and how long they will be maintained are still the questions?

So, I expect CD's will head up sightly in the coming weeks and the inversion will remain but "may" start to flatten on the longer terms. (maybe) I think we will see 5% for 9 to 18mo CD's to become common pretty soon. YMMV
Dots were projecting a cut beginning 2024. Meantime, yields fell across the board on today's news.

We will need some new inflation pressure to spike rates above their peak last year.
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Old 02-01-2023, 02:12 PM   #156
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Ally raised their savings account from 3.3% to 3.4%
Ha ha that’s just a creep!
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Old 02-01-2023, 02:24 PM   #157
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Wealthfront will increase from 3.8 to 4.05% effective on 2/3/23.
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Old 02-02-2023, 11:59 AM   #158
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Capital One just announced a 5% (APY) 11 month online CD. Luckily I have a 100k waiting to be invested.
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Old 02-02-2023, 12:17 PM   #159
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^^^^

I figured it would be a few more weeks before we started seeing 5% CD's (after the Fed's 1/4 point rate increase yesterday) so I'm not too surprised.

Good info.
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Old 02-03-2023, 07:52 AM   #160
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Discover Bank reduced the rate on their 5-10 year CD's from 4.4% to 4.3%.
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