|
|
11-11-2017, 02:55 PM
|
#61
|
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 mrfeh
My current cutoff for CDs is 2.5%, for no more than 3 years. If I can't find such a deal, I'll use I Bonds or short term bond funds instead.
|
I'll take some of those. Let us know if you find them. I'll getting 1.92 on the Penfed 3 yr currently and agree the I bond/ ST funds look better.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
|
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!
|
11-11-2017, 05:54 PM
|
#62
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
|
Hmmm - it's November. Usually deals show up by now.
__________________
Retired since summer 1999.
|
|
|
11-13-2017, 09:37 PM
|
#63
|
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 went into Penfed today to drop off some paperwork. The 3yr IRA CD rate is a tad lower than I posted earlier....1.87 vs. 1.92 for taxable CD. I asked about end of year deals and they said if rates change it will be on the 1st of the month and members are notified at the same time as the CSRs. I don't think it's accurate that rates only change on the 1st.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
11-16-2017, 01:17 PM
|
#64
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
|
Ally now offers a 12 month "high yield" CD for 1.65%. Minimum $25K deposit.
__________________
Retired since summer 1999.
|
|
|
11-16-2017, 07:26 PM
|
#65
|
Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,405
|
Quote:
Originally Posted by audreyh1
Ally now offers a 12 month "high yield" CD for 1.65%. Minimum $25K deposit.
|
Goldman Sachs and Capital One offer the same rate, with $500 and no minimum respectively, per www.depositaccounts.com.
|
|
|
11-16-2017, 11:42 PM
|
#66
|
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 4,172
|
Quote:
Originally Posted by jazz4cash
.......................... The 3yr IRA CD rate is a tad lower than I posted earlier....1.87 vs. 1.92 for taxable CD. ...............
|
I was surprised by this too when IRA CD renewed. Rep explained that IRA CDs have a component of no-penalty liquidity (for RMDs for example) .......so just as savings account typically has lower rates vs longer term CDs , IRA CDs typically have lower rates than non-IRA CDs.
|
|
|
11-22-2017, 08:45 AM
|
#67
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
|
I got an email from Ally Bank that said I would get an additional 0.05% on my renewing CDs as a "loyalty bonus" which would bump the 11 month no penalty CD from 1.5% to 1.55%.
__________________
Retired since summer 1999.
|
|
|
11-22-2017, 11:51 AM
|
#68
|
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 kaneohe
I was surprised by this too when IRA CD renewed. Rep explained that IRA CDs have a component of no-penalty liquidity (for RMDs for example) .......so just as savings account typically has lower rates vs longer term CDs , IRA CDs typically have lower rates than non-IRA CDs.
|
Interesting. I am intrigued that you received this explanation (or any at all for that matter). It means I am being charged the RMD liquidity expense even though my CDs mature well before I reach RMD phase. Most of my other credit unions offer the same rate for taxable and IRA products, although the maturities available sometimes differ.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
11-22-2017, 01:54 PM
|
#69
|
Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
|
Quote:
Originally Posted by harley
Yes, please do! I just had a significant CD mature, and I just rolled it into my savings account since I didn't see anything worth putting it in. A nice 3% or so like the one from Pen Fed a few years ago would be sweet.
|
Yep, that was nice and have one more year to go on them. Nothing after 4 years still doesn't come close.
|
|
|
11-27-2017, 11:02 AM
|
#70
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,008
|
I just got notice from Synchrony of their "Cyber Week Special" deal of 1.75% for 13 months available through Dec 3. https://www.synchronybank.com/home/?UISCode=0000000
__________________
Retired since summer 1999.
|
|
|
11-27-2017, 04:25 PM
|
#71
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 17,012
|
Quote:
Originally Posted by audreyh1
|
Just be sure you don't ever need to cash it early as their penalties jump once over 12 months..
If you think you might cash it, then the 12 month cd at 1.65% is a safer and nearly the same value.
"
Penalty Amounts: - Terms of 12 months or less: 90 days of simple interest at the current rate.
- Terms of more than 12 months but less than 48 months: 180 days of simple interest at the current rate.
- Terms of 48 months or more: 365 days of simple interest at the current rate.
"
|
|
|
11-29-2017, 11:27 AM
|
#72
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
Last day for NASA FCU CD specials is tomorrow 11/30. It's 2.25 for 49 months/ 1.6 for 15.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
11-29-2017, 05:36 PM
|
#73
|
Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,661
|
Fidelity has brokered CD's that pay 1.65% for 12 months, 1.95% for 2 years
|
|
|
12-01-2017, 07:01 AM
|
#74
|
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 Scuba
Fidelity has brokered CD's that pay 1.65% for 12 months, 1.95% for 2 years
|
Based on my experience of long delays to execute direct transfers between my CU's and Ally, vs. transfers from Fido, those brokered CD's are looking more attractive.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
12-01-2017, 10:53 PM
|
#75
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
|
Faked Out!
Quote:
Originally Posted by jazz4cash
Last day for NASA FCU CD specials is tomorrow 11/30. It's 2.25 for 49 months/ 1.6 for 15.
|
I guess they decided to continue this offer after all.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
12-02-2017, 09:36 AM
|
#76
|
Recycles dryer sheets
Join Date: Nov 2017
Location: Seattle
Posts: 452
|
CIT has an 11 month no penalty cd at 1.55, minimum deposit of $1000:
https://www.bankoncit.com/no-penalty-cd/
__________________
Retired 2015 at age 55...50/45/5 AA
|
|
|
12-05-2017, 11:32 AM
|
#77
|
Thinks s/he gets paid by the post
Join Date: Jun 2002
Posts: 1,635
|
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
__________________
friar1610
|
|
|
12-05-2017, 01:46 PM
|
#78
|
Thinks s/he gets paid by the post
Join Date: Sep 2002
Posts: 1,173
|
Quote:
Originally Posted by friar1610
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
|
That is pretty good!
|
|
|
12-05-2017, 07:33 PM
|
#79
|
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 friar1610
Navy Federal Credit Union just announced a 15 month 2.25% APY. $50 min, $50K max. Additional deposits allowed subject to $50K max. I realize not everyone is eligible for membership. Navyfcu.org
|
Thanks!
Looks like there is also a 32 month IRA/ESA @ 2.75. The 15 month is taxable only.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
|
|
|
12-05-2017, 08:59 PM
|
#80
|
Moderator
Join Date: Nov 2014
Posts: 9,101
|
I guess your money has to go somewhere and making something is better than nothing, but it sure is hard to get excited about 1.5 - 2.0% interest. Then I looked at my local credit union and they were under 1% for 12 months. I guess I'll take $50k to $100k and put it in a CD because I'm currently just in a savings account, but again, sure hard to get excited about a few hundred bucks on several thousand. (I know, gotta watch the pennies or the dollars will slip away.)
|
|
|
|
|
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
|
|
|