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08-24-2010, 06:22 PM
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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: Oct 2006
Posts: 7,733
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 Quote:
Originally Posted by Dave J
Unless they have discontinued it, they have been giving a .25% bump on renewing CD's for a year or more.You would need to call a CSR to verify, but it would make this offer only a a .25 increase over your renewing CD.
This may or may not change how you look at it.
HTH
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Interesting, I did call and they CSR quoted the same rate as were on the website.
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08-24-2010, 07:40 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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Quote:
Originally Posted by clifp
So anybody see the downside to borrowing mortgage money from Penfed at 3.875 (10 year mortgage) and than depositing it at 5%??
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At one point in 2007 we had a PenFed car loan at 4.99% and a CD at 6%.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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08-24-2010, 08:37 PM
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#23
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 397
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Quote:
Originally Posted by clifp
Interesting, I did call and they CSR quoted the same rate as were on the website.
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Did you specifically ask about the 1/4% bump on a renewing CD (if memory serves, it may have had to be 3 yr or longer), or did you just ask the rate?
I renewed in March and it was applied automatically.I had called before renewing to verify.
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08-24-2010, 09:46 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: Oct 2006
Posts: 7,733
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I had a Penfed HEL at %4.99 at the same time as the 6% CD. Sadly I didn't invest it all in the CD most was put in high quality bank stocks like BofA in 2008...  
Good info to know Dave I still have 6 weeks to decide so I'll keep the renewal bonus in mind, if things change. Really this has been the most productive day reading the ER forums in quite some time 
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08-25-2010, 11:41 AM
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#25
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Recycles dryer sheets
Join Date: Aug 2006
Location: Texas
Posts: 216
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Quote:
Originally Posted by 73ss454
I did 100K for January for 10 years.
Pen Fed gave me a hard time and told me I could not participate because I diidn't have a CD expiring in Oct.. I didn't see any disclaimer to this fact and called back later and the next rep said the same thing to me. She put me on hold and after a while came back and said I was good to go but they are not publicly announcing it.
I don't know what that means when it's on their website. At least I'm locked in.
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I called and they quoted the offer to me with the pertinent phrase "from an existing CD which matures in October." Since I don't have one I struck out. I mentioned that I had personal knowledge of some who did not meet that criteria so I was put on hold when she checked. Came back with the same answer......Best they would offer is the 7 yr 3.75 rate.
2fer
__________________
Women and cats will do as they please, and men and dogs should relax and get used to the idea.<br />-Robert A. Heinlein
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08-25-2010, 12:40 PM
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#26
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 397
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08-25-2010, 01:23 PM
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#27
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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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Quote:
Originally Posted by two4theroad
I called and they quoted the offer to me with the pertinent phrase "from an existing CD which matures in October." Since I don't have one I struck out. I mentioned that I had personal knowledge of some who did not meet that criteria so I was put on hold when she checked. Came back with the same answer......Best they would offer is the 7 yr 3.75 rate.
2fer
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Just apply for it online as I did. I do have cd's with them, just none maturing until 2012. If you have none at all, that might be the difference. Here is my confirmation I received via email.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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08-25-2010, 03:01 PM
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#28
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Quote:
Originally Posted by two4theroad
I called and they quoted the offer to me with the pertinent phrase "from an existing CD which matures in October." Since I don't have one I struck out. I mentioned that I had personal knowledge of some who did not meet that criteria so I was put on hold when she checked. Came back with the same answer......Best they would offer is the 7 yr 3.75 rate.
2fer
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Do as Dawg did and just apply on line.
No need to call you'll get an email with the conformation.
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08-25-2010, 04:40 PM
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#29
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 577
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I do have a CD maturing in October. I didn't get an invite but found the link on their site and signed up for the 10yr online for more than my maturing amount. Received a confirmation on the higher amount specifying to have funds in my share account for the Jan transaction date.
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
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08-25-2010, 04:54 PM
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#30
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Confused about dryer sheets
Join Date: Aug 2010
Posts: 2
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Link?
Where did you find the link on their site? Am not seeing it (even after logging in.)
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08-25-2010, 05:37 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Read the 1st few posts of the thread.
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09-05-2010, 12:29 PM
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#32
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 397
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Is this dead? The link that I viewed this offer is not now on the certif. options page when I log in.
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09-05-2010, 03:44 PM
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#33
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Recycles dryer sheets
Join Date: Oct 2007
Location: Columbia, SC
Posts: 64
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I do not have an account with PenFed yet. Is there any way to get on this offer in this situation?
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09-05-2010, 03:52 PM
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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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by 2good
I do not have an account with PenFed yet. Is there any way to get on this offer in this situation?
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No, as I understand it you must have a certificate with them now in order to be eligible.
__________________
Numbers is hard
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09-05-2010, 06:51 PM
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#35
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Full time employment: Posting here.
Join Date: Aug 2007
Posts: 585
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I have an account with PenFed and have several CD's with them but the promotion doesn't show up for me so I'm assuming that they either fixed the website or it's not showing up because I don't have a CD maturing in October (or whatever their criteria is). If I had the option, I'd definately take advantage of it.
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09-06-2010, 08:27 AM
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#36
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 121
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Click on an existing reserved CD, if you have one, and you will be taken to the reservation webpage. That is the only way I can now get there.
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09-06-2010, 01:08 PM
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#37
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,340
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He who hesitates is lost. Like me.
I saw the offer when it was first pointed out, but I can no longer see it.
[sigh]
__________________
I thought growing old would take longer.
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09-06-2010, 08:35 PM
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#38
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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: 8,323
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Quote:
Originally Posted by DallasGuy
I have an account with PenFed and have several CD's with them but the promotion doesn't show up for me so I'm assuming that they either fixed the website or it's not showing up because I don't have a CD maturing in October (or whatever their criteria is). If I had the option, I'd definately take advantage of it.
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If you click on an existing CD (of any maturity) or click the + sign in the little square box, it will expand and show additional details and options...click on "certificate options" and you should see "Certificate Reservations" in an orange box to the right of the page.
As of awhile age $170M of the original $240M is still available.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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