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08-31-2016, 04:41 PM
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#1
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Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
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pen fed cds
What is going on with penfeds low rate cds. They use to be good so I put my Roth money in their CDs. R enewals are coming due so I am looking to each cd as the time comes. I am a little frustrated as I had all my roth $ in Pen Fed and standard IRAs in Melrose. Seemed like a nice setup.
Any recommendations, how is Ally bank ?
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08-31-2016, 04:43 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: Indialantic FL
Posts: 1,330
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Navy FCU is offering a 20 month, 2% certificate. You have the option of adding to it after you purchase one.
__________________
JimnJana
"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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08-31-2016, 04:59 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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We keep our cash-stash in a PFCU CD ladder. The next rung matures in Jan 2016 so, we'll also be looking for options. Interested in suggestions.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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08-31-2016, 08:14 PM
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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: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,373
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The Best CD rates in the country ? thread mentions a 3%/84 month CD from Andrews Federal Credit Union for IRA money.
See https://www.andrewsfcu.org/personal/...tificates.html
That is the best I have seen recently.
__________________
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
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08-31-2016, 09:00 PM
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#5
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Recycles dryer sheets
Join Date: Jun 2016
Location: Somewhere
Posts: 83
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Feds could possibly raise rates in September, we will see, most big banks stocks getting a pop on the likely hood of a rate increase, so I'm holding off till the fed meeting.
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08-31-2016, 11:26 PM
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#6
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 238
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Andrews Credit Union has a 7 yr CD that is only for IRA money paying 3% and 6 mos EWP. Best I've found lately. I purchased the Pen Fed 3% 5 year CD's but still have a couple years til they mature.
Sent from my KFTHWA using Tapatalk HD
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09-01-2016, 05:14 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Jan 2010
Location: dubuque
Posts: 1,174
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good luck with the fed raising the interest rate. I waited a year for it and when it came time to make an increase, some statistic looked bad to them so they put it off. I think the deciding factor is the national debt and the cheap money for banks and that is not going away as long as they can avoid it. the war on savers is not over.
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09-01-2016, 05:33 AM
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#8
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Recycles dryer sheets
Join Date: Apr 2004
Posts: 137
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I am looking for a replacement for Pen Fed to slowly move my cd ladder to. Some of the banks like ally, sync, etc
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09-01-2016, 05:52 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 2,796
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Patelco had 2.5% 5 year cd's a few months ago, but has dropped to 1.95% ! Melrose was 2.42 % for 5 year, dropped recently to 2.22%. Ukrainian Selfreliance Federal CU had 3.0% for 5 (or 7?) year CD a few months ago. But you have to prove you are of Ukrainian descent.
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09-01-2016, 06:37 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,723
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We are at PenFed Also with 5 year CDs. Maturing in late 2018 @ 3%. Hopefully there will be more options then. DW Gov 457b Pays 3% very reliably too. 3% on all our stash is the minimum we need to live a VERY comfortable retirement with no worries for any foreseeable future. We currently do that at worse. It only goes up from there. I always told DW before we retired. At 3% we live very well but at 5% or above we live like kings.  Looking forward to those days.
We are not military so have to stick to CU's that will accept us.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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09-01-2016, 11:25 AM
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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: Aug 2004
Location: Laurel, MD
Posts: 8,327
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Andrews FCU announced a special CD rate today of 2.02 for 60 mos. The IRA special rate is still available 3.0 for 7 yrs. Their EWP is only 6 mos.
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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09-01-2016, 12:40 PM
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#12
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Recycles dryer sheets
Join Date: Feb 2016
Location: Near Sacramento
Posts: 488
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Even if the Fed raises rates, it will affect the short-term rates much more than the longer. Matter of fact, after the increase last Dec, long-term rates came down.
A recession is more likely than continued expansion and since we can't know the timing of it, maintaining a CD Ladder will allow you to almost always re-invest at the best rate. Long-term CD ladders, on average, beat short-term ones by 1.5 to 2.00%. When the term premium isn't there, it has usually been a signal for a downturn in the economy.
www.Depositaccounts.com is a great site for finding the best rates.
cd :O)
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09-01-2016, 08:04 PM
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#13
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 881
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In the same boat. Have Penfed CD's maturing this Oct and Nov.
Been watching rates, does not look good. Was going to go Patelco, since
they are a local C.U. here, but as mentioned 2.5%/5 yr. long gone.
Maybe, Melrose? 
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