|
|
Best CD rates in the country ?
08-12-2016, 08:20 AM
|
#1
|
Recycles dryer sheets
Join Date: Jun 2016
Location: Somewhere
Posts: 83
|
Best CD rates in the country ?
What are the best current CD rates you've found with no maximum on the amount deposited, seems there are plenty that offer really good rates that cap the CD at $15,000 or $20,000. The best rate I've found is GE credit union at 2.75%, but I'm not eligible for membership, lol.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
08-12-2016, 08:43 AM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
08-12-2016, 09:47 AM
|
#3
|
Recycles dryer sheets
Join Date: Jun 2016
Location: Somewhere
Posts: 83
|
Quote:
Originally Posted by jazz4cash
Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
|
Thanks Jazz, I had not tried that site.
|
|
|
08-12-2016, 10:10 AM
|
#4
|
Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
|
Quote:
Originally Posted by jazz4cash
Have you checked www.depositaccounts.com? They show 5 yrs@ 2.32 for Melrose FCU. Most of the places I know of have dropped significantly in the last 2 months. Search for the forum thread High(er) CD Rates and check some of the other suggestions there.
|
Despite a better than current best 2% for 5 years CD, Melrose CU is weak financially with only 2 star current rating, they had losses from small taxi licenses loans, that is the reason of higher rate. Yet the CD will be insured.
|
|
|
08-12-2016, 11:12 AM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,780
|
Quote:
Originally Posted by OneDay
What are the best current CD rates you've found with no maximum on the amount deposited, seems there are plenty that offer really good rates that cap the CD at $15,000 or $20,000. The best rate I've found is GE credit union at 2.75%, but I'm not eligible for membership, lol.
|
Wow, 2.75% would be great! But I'm not eligible either. I suppose I'd recommend jumping on the Melrose 2.32% 5 year CD. I almost did, but I decided to stay with my 1.83% 5 year at my own credit union, since half a percent doesn't actually amount to much, based on the principal amount I'm thinking of. It's true Melrose is having defaults of taxi drivers in NYC due to the Uber competition. But the cd would be insured by NCUA of course.
I was lucky enough to get in on the 3 % PenFed frenzy of a couple years ago.
|
|
|
08-12-2016, 11:17 AM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
|
Yeah, I really wonder what PenFed will be doing this December to keep our deposits.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
08-12-2016, 11:25 AM
|
#7
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,645
|
Quote:
Originally Posted by pb4uski
Yeah, I really wonder what PenFed will be doing this December to keep our deposits.
|
Probably about the same thing they did last December....nothing.
__________________
*********Go Astros!*********
|
|
|
08-12-2016, 11:27 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
|
You may be right... in which case... back to Vanguard... it was nice while it lasted.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
08-12-2016, 11:33 AM
|
#9
|
Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,645
|
Quote:
Originally Posted by pb4uski
You may be right... in which case... back to Vanguard... it was nice while it lasted.
|
They offered 1.5% CD's for 15 months earlier this year and I grabbed a couple. That's the best I have seen from PenFed since the 3% ones.
__________________
*********Go Astros!*********
|
|
|
08-12-2016, 11:57 AM
|
#10
|
Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,780
|
I thought PenFed, at one time, anyway, was offering existing cd holders the same rate for renewal. As in, if your 3% CD is expiring, we'll let you renew it at 3%. NO?
|
|
|
08-12-2016, 12:29 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
|
I'd jump at that. Hope you are right.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
08-12-2016, 12:51 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
|
We are still happy with our 5 year 3% CD(s) from Pen Fed. They expire in 2019, we may be miserable then. We are living off the income.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
08-12-2016, 12:57 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,264
|
You are correct... I was confused on the dates... mine don't mature until Dec 2018 (for some reason I had 2016 in my head), so that is good. IIRC I originally went for the 3 years and then switched to the 5 year. Glad that I did.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
08-12-2016, 01:38 PM
|
#14
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
Quote:
Originally Posted by John Galt III
I thought PenFed, at one time, anyway, was offering existing cd holders the same rate for renewal. As in, if your 3% CD is expiring, we'll let you renew it at 3%. NO?
|
I don't ever recall that deal and I monitor Penfed closely. They had a special reserved for maturing CDs but the rates were a bit lower. What I've noticed is limited offers for oddball maturities like 15 or 39 months. It seems like they expect rates will be lower in 15 months!
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
08-12-2016, 01:41 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
NASA FCU still has 2% 49 months. Membership is open.
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
08-12-2016, 02:56 PM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Posts: 1,994
|
After reading the start of this thread, I had to go check the maturity on my PenFed CD's. Mine mature in Dec. 2018, so 2 1/2 years to go.
I picked up 2% 5 year CDs at Langley Federal Credit Union back in January.
My 7 year 4%'s at a regional bank come due this November though. .
My 5 year 5% already matured. , .
Who would have thought back in 2008 we would be at these interest rates.
|
|
|
08-12-2016, 03:35 PM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
I feel like a squirrel running around burying nuts in a bunch of places just to get more than 0%
Sent from my iPhone using Early Retirement Forum
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
08-12-2016, 04:22 PM
|
#18
|
gone traveling
Join Date: Apr 2011
Posts: 3,375
|
We buy munis over CD's to keep MAGI down.
|
|
|
08-12-2016, 04:45 PM
|
#19
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
|
Quote:
Originally Posted by gerntz
We buy munis over CD's to keep MAGI down.
|
This is why we do not do Munis. I am not implying anything other than it is too risky for us at our stage in life and available nest egg.
http://www.forbes.com/sites/marcpros.../#2e4e1a0c3837
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
08-12-2016, 08:30 PM
|
#20
|
Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
|
If you have IRA Monies available, you can transfer to Andrews Federal Credit Union and get 3% for 84 months. I moved monies from Vanguard IRA with minimal issues.
Sent from my KFTHWA using Tapatalk HD
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|