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12-08-2013, 12:57 PM
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#101
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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Thanks. I called up yesterday and bought some of these CDs. She also showed me where to print the forms to have 2 Roth IRAs CDs transferred to Penfed. I need to get those completed and call tomorrow to see if our credit union accepts faxed copies.
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12-09-2013, 06:57 AM
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#102
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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How do people like the PenFed app?
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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12-09-2013, 10:05 AM
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#103
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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12-09-2013, 11:16 AM
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#104
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
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 Quote:
Originally Posted by Sue J
The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
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Is this an android or apple app? I couldn't find it in google store?
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12-09-2013, 11:22 AM
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#105
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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Mine is an Apple iPad app, there is also one for iPhone.
Or this is their mobile site -
https://smartphone.penfed.org/PFOL_M...on.aspx?bhcp=1
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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12-09-2013, 11:22 AM
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#106
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by Sue J
The app isn't slick or beautiful, but it gets the job done. You can see transaction history and transfer between accounts.
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I agree. It's pretty basic but functional.
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12-10-2013, 04:22 PM
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#107
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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Quote:
Originally Posted by sue j
i just noticed the new rates on penfed certificates (cds). I don't know if the shorter terms have also increased rates, but i'm certain that the 3% is new.
https://www.penfed.org/money-market-...te/?wt.ac=1197
5 year and 7 year are at 3%. Early withdrawal penalties apply. |
thank you!!!
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12-10-2013, 04:23 PM
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#108
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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Quote:
Originally Posted by Ready
Yes, but a $15.00 donation to their favorite charity makes you an instant member.
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Or ever donated blood for Red Cross.
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12-10-2013, 04:24 PM
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#109
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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: 38,145
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__________________
Retired since summer 1999.
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12-10-2013, 08:18 PM
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#110
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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You're welcome!
I've gotten plenty of very good advice here so I'm glad to make a contribution. I'm not a very sophisticated investor, although I've ventured into some Vanguard funds. A nice 3% CD for the extra "mattress money" is an easy decision.
This was another find that I posted in 2010 -
http://www.early-retirement.org/foru...fer-51751.html
Ah, the good old days of 5%!
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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12-10-2013, 11:08 PM
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#111
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Quote:
Originally Posted by Sue J
You're welcome!
I've gotten plenty of very good advice here so I'm glad to make a contribution. I'm not a very sophisticated investor, although I've ventured into some Vanguard funds. A nice 3% CD for the extra "mattress money" is an easy decision.
This was another find that I posted in 2010 -
http://www.early-retirement.org/foru...fer-51751.html
Ah, the good old days of 5%! |
I bought some of those 10-yr 5% CDs back in 2010 (thanks again for the FYI!). I wasn't sure it was a smart move at the time because a lot of people expected inflation to pick up, but it has paid off so far. Thanks to that Penfed offer, my CD ladder with an average maturity of 5.4 years still yields a decent 4%.
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12-11-2013, 02:15 PM
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#112
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 969
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Quote:
Originally Posted by tmm99
Or ever donated blood for Red Cross.
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Is this serious or sarcastic? Did donating blood make me a member of the Red Cross?
I used to donate fairly regularly. But, they became reluctant to take my blood due to my international travel a few many years ago. I am sure I did not keep anything they gave me to verify that I had given blood.
__________________
If there's one thing in my life that's missing; It's the time I spend alone
Sailing on the cool and bright clear waters; There's lots of those friendly people
Showin me ways to go; And I never want to lose your inspiration
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12-11-2013, 02:22 PM
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#113
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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Quote:
Originally Posted by CoolChange
Is this serious or sarcastic? Did donating blood make me a member of the Red Cross?
I used to donate fairly regularly. But, they became reluctant to take my blood due to my international travel a few many years ago. I am sure I did not keep anything they gave me to verify that I had given blood.
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No, I am completely serious. As soon as Sue said it was PenFed who had 5yr CD for 3%, I called them although I thought you had to have been in the military or something similar.
When I said I am not sure if I belong to any organization, one thing the rep asked me was exactly that (If I ever donated blood for Red Cross), as well as if I have donated money to Red Cross (which I have done in the past, so I said I had donated money to Red Cross in the past). I asked if I needed to produce the receipt (which would have taken me time since I used my mileage on the card that I have already closed to do the donation), she said No. Even if you haven't done either of these things, I think the rep said all you had to do was to pay $15 to become a member. (I could be wrong, but in the old days, they had tigher restrictions on who can become a member...)
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12-11-2013, 02:32 PM
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#114
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Anyone willing to donate $15 or $20 to a charity can become a member of PenFed Credit Union. Click "Help me join another way" on this PenFed web page: https://netmember3.penfed.org/NetMem...spx?MEMBERSHIP
__________________
Numbers is hard
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12-13-2013, 12:36 PM
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#115
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,263
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Thanks. I opened up a 5 year CD with money sitting around earning about 0.095%.
I am going to get more money to them in the next few days. However, since I am a new account the ACH transactions are limited to $50 a day. So, I have to call them and have PenFed initiate the transfer into a new CD. For some reason they do not trust me to deposit my money into their system. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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12-13-2013, 12:49 PM
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#116
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
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Quote:
Originally Posted by Chuckanut
Thanks. I opened up a 5 year CD with money sitting around earning about 0.095%.
I am going to get more money to them in the next few days. However, since I am a new account the ACH transactions are limited to $50 a day. So, I have to call them and have PenFed initiate the transfer into a new CD. For some reason they do not trust me to deposit my money into their system. |
When you open the CD online they can transfer directly from your account, you give then the account number and routing number. I didn't have any limitations when I did that.
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12-13-2013, 02:28 PM
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#117
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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: 38,145
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Open the certificate and transfer the funds directly there from an outside account. Don't try to go through the PenFed checking account.
__________________
Retired since summer 1999.
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12-13-2013, 02:31 PM
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#118
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2008
Posts: 12,658
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Gee, look at our excitement over 3% for 5 years! The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.
Amethyst
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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12-13-2013, 02:40 PM
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#119
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Quote:
Originally Posted by Amethyst
Gee, look at our excitement over 3% for 5 years! The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.
Amethyst
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It might be depressing to think that interest rates may not increase beyond the 3% in the next 5 years, but I am quite happy with the current CD offer at Pen Fed. 
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12-13-2013, 02:44 PM
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#120
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by Amethyst
The thought of interest on savings staying below 3% for five more years is rather depressing. Unless it also means inflation stays low too.
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+1
I cannot imagine the economic circumstances that would result in high inflation and low interest rates. Holding rates low while inflation rages would be pouring fuel on the flames - literally.
__________________
Numbers is hard
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