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Great CD rate being offered by USAlliance FCU
07-30-2015, 04:20 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Great CD rate being offered by USAlliance FCU
USAlliance Federal Credit Union is offering a 25 month CD with a rate of 2.27%APY for new members only. It is NCUA insured Easy to join and can be done online. Maximum CD of 100K. It appears to be the best rate around for this mid-term length. EWP is harsh at 12 month penalty. Offer is good until Aug 3rd.
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I look to the present moment because that's where I live my life.
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08-04-2015, 10:08 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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No one has commented on this offer, so I'm not sure if there was any interest, but in communicating with this CU, they let me know that this offer has been extended for a unknown limited time. In addition, I found out their savings account rate is 3% on the 1st $500. Hey, every little bit counts.
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I look to the present moment because that's where I live my life.
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08-04-2015, 10:50 AM
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#3
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 880
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I may check it out. NFCU has an Easy Saver CD at 3%, but the max is $3k and only one per member.
Sent from my iPhone using Early Retirement Forum
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"Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
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08-04-2015, 11:36 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,941
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I'm getting a little over 2% APR (current rates) on 30 month IRA CD's at several of my local banks here in Texas, with no $$$ limits, FDIC insured to 250k and no early withdrawal penalties. All the rates suck these days but it's still not worth it to me to change for less than a 1/4 point and no FDIC insurance.
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08-04-2015, 12:09 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Car-Guy, I agree a 1/4% isn't worth moving especially with no EWP but regarding FDIC, this is a credit union so they use NCUA which is the government equivalent of FDIC specifically for credit unions.
__________________
I look to the present moment because that's where I live my life.
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08-04-2015, 12:17 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,941
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 Quote:
Originally Posted by MJ
Car-Guy, I agree a 1/4% isn't worth moving especially with no EWP but regarding FDIC, this is a credit union so they use NCUA which is the government equivalent of FDIC specifically for credit unions.
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I would not be concerned with NCUA insurance but I would not like the 100k CU deposit limits.
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10-01-2015, 01:25 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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US Alliance has re-offered this. I would like to get another CD but cannot unless someone joins the CU to get this CD and uses me as a referral. If anyone is interested in get this CD, can you please PM me so that I can give you my member Id so you can use me as a referral. Thanks
__________________
I look to the present moment because that's where I live my life.
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10-01-2015, 04:10 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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MJ, I don't see a 25 month CD for 2.27%. Am I missing something on their site?
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-01-2015, 07:07 PM
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#10
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Full time employment: Posting here.
Join Date: Jan 2010
Posts: 540
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Quote:
Originally Posted by Car-Guy
I'm getting a little over 2% APR (current rates) on 30 month IRA CD's at several of my local banks here in Texas, with no $$$ limits, FDIC insured to 250k and no early withdrawal penalties. All the rates suck these days but it's still not worth it to me to change for less than a 1/4 point and no FDIC insurance.
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Car-Guy,
If you don't mind me asking ... what banks in Texas are you finding over 2% with no limits or early withdrawal penalties?
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10-01-2015, 09:01 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by adrift
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Thanks! Not only is it high rate for 3 years, but it has an add-on feature that lets you add funds up to the 100k limit any time you want. Sweet.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-02-2015, 07:00 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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Quote:
Originally Posted by brewer12345
MJ, I don't see a 25 month CD for 2.27%. Am I missing something on their site?
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Apparently, it is gone. They have them periodically for a short time. I will check out the other offering posted for 3 year at 3.04%
__________________
I look to the present moment because that's where I live my life.
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10-02-2015, 07:40 AM
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#13
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Full time employment: Posting here.
Join Date: Jan 2010
Posts: 540
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Quote:
Originally Posted by brewer12345
Thanks! Not only is it high rate for 3 years, but it has an add-on feature that lets you add funds up to the 100k limit any time you want. Sweet.
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That is a great rate for a 3 yr CD. Has anyone used this credit union before and can vouch for them?
From reading the comments it appears one can pay $10 to become a member of FAN financial literacy program and that qualifies you to become a member of the credit union. Anyone done this?
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10-02-2015, 07:42 AM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Earl E Retyre
That is a great rate for a 3 yr CD. Has anyone used this credit union before and can vouch for them?
From reading the comments it appears one can pay $10 to become a member of FAN financial literacy program and that qualifies you to become a member of the credit union. Anyone done this?
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I am doing exactly that, and will let you know when my application moves past "pending." Bet they are getting flooded with money.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-02-2015, 07:57 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Posts: 1,994
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Quote:
Originally Posted by brewer12345
I am doing exactly that, and will let you know when my application moves past "pending." Bet they are getting flooded with money.
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I am interested in this CD too. Will look into it more today. I would have to join.
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10-02-2015, 08:56 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 2,343
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I checked the list of companies and organization and I unfortunately couldn't find any I could use to become a member. As a retired person for many years, anyone have some helpful hints on getting around this?
__________________
I look to the present moment because that's where I live my life.
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10-02-2015, 09:23 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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Quote:
Originally Posted by MJ
I checked the list of companies and organization and I unfortunately couldn't find any I could use to become a member. As a retired person for many years, anyone have some helpful hints on getting around this?
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You can join the FAN (Financial Assistance Network) group that Brewer and Earl E mentioned for only $10. FAN is a non-profit membership organization committed to financial education (according to their membership application. I do see some local activities that they sponsor so I would be comfortable to join.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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10-02-2015, 09:24 AM
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#18
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Recycles dryer sheets
Join Date: Jun 2002
Posts: 381
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I agree that if you pay $10 and join FAN you are eligible for membership to the CU. Has anyone figured out how to join FAN without printing out an application and snail mailing it in? I mean, really? Apparently members can renew online, but new members cannot join online?
By the time I become a member the offer will likely be gone...
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
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10-02-2015, 09:40 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by panhead
I agree that if you pay $10 and join FAN you are eligible for membership to the CU. Has anyone figured out how to join FAN without printing out an application and snail mailing it in? I mean, really? Apparently members can renew online, but new members cannot join online?
By the time I become a member the offer will likely be gone...
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You tell them your eligibility to join is through FAN and then they give you an option of joining both FAN and NWFU at the same time.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-02-2015, 10:05 AM
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#20
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Recycles dryer sheets
Join Date: Jun 2002
Posts: 381
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Thanks Brewer!
I'm pending now as well.
I have another question: If the maximum balance is $100,000, can you fund it with $100,000 and the dividends will go over the maximum balance, or is $100,000 the maximum balance that the account can ever be and at this point all dividends will be paid to the (required) savings account and thus not compounded?
Sorry if it's a stupid question, I've never opened a CD before.
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
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