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01-24-2016, 10:51 AM
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#21
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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: 8,309
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Quote:
Originally Posted by Another Reader
The website www.depositaccounts.com is the most comprehensive source of rates I have found. I would have seen the PenFed deal the next time I checked, but deals are so rare these days that I only check about once a week.
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I think this thread is a great idea. Navy Federal also has a .5% IRA CD bonus deal running for new money rolled over from another institution. This deal showed up on depositaccounts.com before it was posted to NFCU's website!
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-24-2016, 10:54 AM
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#22
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Recycles dryer sheets
Join Date: Jun 2010
Location: Sac suburb
Posts: 437
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Quote:
Originally Posted by Another Reader
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I agree, it's a great resource.
Make sure to click on the Blog link, that's where notifications of the short-lived deals tend to show up.
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01-24-2016, 11:24 AM
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#23
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,605
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See also Bauerfinancial. They rate banks and credit unions and post the most attractive rates.
CD Ratewatch: Top CD Rates
__________________
Only got A dimple, would have preferred 2!
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01-24-2016, 01:28 PM
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#24
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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
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Quote:
Originally Posted by rbmrtn
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Thanks - I'll have to check that more often.
I bought a PenFed 15 month CD this morning. I keep one year of expenses in 1-year CDs (or thereabouts). Having part of it mature a couple of months later is fine.
__________________
Retired since summer 1999.
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01-24-2016, 02:23 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Posts: 1,282
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I recently decided to invest in 5 year CDs. I had been investing in shorter term ones hoping/believing rates would go up.
I finally paid attention to the CD penalty calculators. If I had done that sooner, I would have been ahead as I was losing about 1% per year on my shorter term CD maturity.
So, my current strategy is to buy the higher rate 5 year CD and if/when it makes sense I will sell early, being charged the penalty. Based upon my calculation, this will result in almost the same interest as the 1 or 2 year offers but with the upside of the long range (5 yr) CD.
This is the calculator I am using https://www.depositaccounts.com/tool...alculator.aspx
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01-24-2016, 04:27 PM
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#26
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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: 8,309
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Some of my older Penfed IRA CDs waive the early withdrawal penalty when you get to 59.5 yrs of age. I think they omitted that feature for newer CDs but I am going to contact them to verify.
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.
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01-24-2016, 04:42 PM
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#27
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gone traveling
Join Date: Oct 2011
Posts: 156
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These penfed deals, nasa, navy cds only appy to those with mil service right?
Sent from my iPad using Early Retirement Forum
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01-24-2016, 06:12 PM
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#28
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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: 8,309
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High(er)-rate CD deals
Quote:
Originally Posted by Moneygrubber
These penfed deals, nasa, navy cds only appy to those with mil service right?
Sent from my iPad using Early Retirement Forum
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Penfed and NASA have other ways to qualify. Check their membership rules.
Edit: I qualified at Navy FCU as a defense contractor.
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.
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01-24-2016, 08:47 PM
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#29
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Location: North Bay
Posts: 1,246
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Patelco CU has 5-yr CD and IRA CD rates of 2.5% w/ 6 mo early withdrawal penalty.
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01-24-2016, 09:03 PM
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#30
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Recycles dryer sheets
Join Date: Mar 2012
Location: Virginia
Posts: 110
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This seems like it would be a good candidate to be Sticky worthy.
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01-26-2016, 05:53 AM
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#31
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Thinks s/he gets paid by the post
Join Date: Jun 2013
Posts: 2,518
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Quote:
Originally Posted by Skyward1
This seems like it would be a good candidate to be Sticky worthy.
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+1. Mods?
__________________
"Luck favors the prepared mind"
Pasteur
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01-26-2016, 06:07 AM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2007
Posts: 13,202
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Quote:
Originally Posted by Skyward1
This seems like it would be a good candidate to be Sticky worthy.
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I don't think so. The deals are often short-lived, so the info is quickly outdated. If there's are new deals people post, then it gets bumped back to the top. I'm just not a fan of stickys, if you get too many of them they take most of the first page and hide the newer threads.
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01-26-2016, 08:00 AM
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#33
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
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Anyone have any comments on the ease or difficulty of dealing with these banks and credit unions, as far as buying a CD? I've read reviews online and Patelco and Barclays are generally liked by customers. But some others got very bad reviews, like Discover and Synchrony, with clueless customer service people, money temporarily vanishing, conflicting instructions, etc. When I opened my PenFed account for the 3 % 5 year cd a few years ago, it was fairly straightforward. Thanks
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01-26-2016, 08:06 AM
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#34
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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
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I read the bad Synchrony reviews, but I personally have never had any issues. I've only done things on line, not called customer support.
We'll see if I have any issues once my current CDs mature.
PenFed generally has been fine, in spite of their somewhat clunky website.
__________________
Retired since summer 1999.
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01-26-2016, 09:35 AM
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#35
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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: 8,309
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I just had an issue with Penfed which has been resolved. $9k disappeared from my account which they chalked up to "human error". A check for $9k did show up in the mail 3 weeks later with a note from the Post Office ("sorry your mail was late/damaged). I don't usually check these CD balances regularly, but from now on I will since I am retired and have plenty of time.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-26-2016, 09:38 AM
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#36
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Well aren't you the nit picker.
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01-26-2016, 10:46 PM
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#37
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
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I have opened cds online with Synchrony and Barclays and no issues with either.
Sent from my KFTHWA using Tapatalk HD
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01-27-2016, 10:55 AM
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#38
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Confused about dryer sheets
Join Date: Jan 2015
Posts: 9
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Quote:
Originally Posted by Moneygrubber
These penfed deals, nasa, navy cds only appy to those with mil service right?
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I was able to open a PenFed account thanks to my dad's service in WWII.
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01-27-2016, 11:10 AM
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#39
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,782
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Poking around on the internet, I found Pioneer Valley FCU in Springfield, MA 2.57% 57 month CD. Slightly higher than Patelco's 2.50% 5 year CD. Hmmmm. Maybe rates are nudging up week by week? I noticed some have dropped their 5 year rates in the last few weeks though. Arggggh.
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01-28-2016, 07:15 PM
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#40
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Full time employment: Posting here.
Join Date: Jan 2010
Posts: 729
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To buy a Penfed certificate, you have to join Penfed (free) & their site has a list of ways to qualify. I qualified a few years ago by making a tax-deductible payment of $10 to join the National Military Families Assn. It's a one-time only payment to NMFA, but I see it's now $15.
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