24601NoMore
Thinks s/he gets paid by the post
- Joined
- Dec 8, 2015
- Messages
- 1,166
Hi, everyone. Looks like Wells Fargo is offering a 2.9% 3-year brokered CD with monthly interest (vs the usual bi-annual with most brokered CDs).
I have some Ally CDs coming due and thinking about pulling the trigger on these, or the 2.75% 2-year. Both look to be really good deals, especially after the 2.6% 2-year and 2.8% 3-year Morgan Stanley CDs earlier this month.
My only hesitation is all of the 'issues' with WF over the past couple of years. Not just the fake account opening but all of the other shenanigans - of which there appear to be plenty. I was surprised at how much muck these guys have gotten into, actually.
That said, WF is unlikely to go away - and there's FDIC insurance if they did. Plus, I wouldn't have to deal with them directly if I bought the CD through Fido, VG, etc.
What do you guys think? Seems like a really good deal. Would you pull the trigger or settle for less with another bank to avoid any potential future hassles with WF?
ETA - looks like there are some other banks getting in on the 2.9% fun..but they are every 6 month interest vs. every month. Hmmmm....
I have some Ally CDs coming due and thinking about pulling the trigger on these, or the 2.75% 2-year. Both look to be really good deals, especially after the 2.6% 2-year and 2.8% 3-year Morgan Stanley CDs earlier this month.
My only hesitation is all of the 'issues' with WF over the past couple of years. Not just the fake account opening but all of the other shenanigans - of which there appear to be plenty. I was surprised at how much muck these guys have gotten into, actually.
That said, WF is unlikely to go away - and there's FDIC insurance if they did. Plus, I wouldn't have to deal with them directly if I bought the CD through Fido, VG, etc.
What do you guys think? Seems like a really good deal. Would you pull the trigger or settle for less with another bank to avoid any potential future hassles with WF?
ETA - looks like there are some other banks getting in on the 2.9% fun..but they are every 6 month interest vs. every month. Hmmmm....