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Pen Fed not offering CD's ???
12-20-2011, 05:44 AM
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#1
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Full time employment: Posting here.
Join Date: Oct 2006
Posts: 783
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Pen Fed not offering CD's ???
I had a Pen Fed CD that matured recently so I tried to re-invest it this morning. Pen Fed shows "Unavailable%" dividend rate for all certificates, 6 month thru 7-Year. Does that mean they no longer are offering CD's or is this just some sort of temporary situation  ?
Tom
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12-20-2011, 06:37 AM
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#2
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,341
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Must have been a temporary website outage. The rates are there now.
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I thought growing old would take longer.
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12-20-2011, 01:26 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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 Quote:
Originally Posted by braumeister
Must have been a temporary website outage. The rates are there now.
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Those 5% CD are looking better and better. If I hadn't found this forum I wouldn't have not have joined Pen Fed and wouldn't have got in on those.
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12-20-2011, 02:07 PM
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#4
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,122
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Quote:
Originally Posted by clifp
Those 5% CD are looking better and better. If I hadn't found this forum I wouldn't have not have joined Pen Fed and wouldn't have got in on those.
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+1
My last 5% Penfed CD matures today. It won't be re-invested but will provide 70% of 2012's planned withdrawal.
I wouldn't have a Penfed CC or CD's if it wasn't for this site.
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Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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12-20-2011, 02:22 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Location: Naples
Posts: 2,179
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Yeah, I heard about PenFed's CD's on this site as well and have yet to purchase one. From the table displayed it will still be a while.
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12-20-2011, 07:39 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: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,071
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Glad I got my last purchase in about a year ago at 5%, 10 year term. Sure hate to see my 6% one's mature next month. 
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Retired 3/31/2007@52
Investing style: Full time wuss.
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12-20-2011, 07:50 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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12-20-2011, 08:00 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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yup
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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12-21-2011, 05:15 AM
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#9
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Full time employment: Posting here.
Join Date: Oct 2006
Posts: 783
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Later in the day I checked and the rates are displayed. They aren't great but the best I can find. It would definitely be nice to see a special rate for a 10 yr. CD but I doubt that will happen.
__________________
***********
My motto is.... "a dollar saved is better than a dollar earned. I don't pay tax on the dollar I saved."
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12-21-2011, 07:35 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: Aug 2006
Posts: 12,483
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CDs are a bank's way of saying: "We want your money. so we'll pay as little as we can while we loan your money out to others at a 500bp spread........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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