pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
... I'm hoping Navy Fed CU will keep their $3K annual CD at 3.5%. ...
I hadn't bothered with this since it is limited to $3k but may reconsider it.
... I'm hoping Navy Fed CU will keep their $3K annual CD at 3.5%. ...
Me to however not sure if an ACH transfer from Discover bank will qualify as a direct deposit. I called Navy today and the rep says it needs to be coming from an employer or retirement plan or social security as examples. He also said I need to set it up from my end. I have a similar account at another institution and they are accepting my Discover ACH monthly transfer so I'm thinking of just trying to see if it's accepted. I suppose it's all ion the way it's coded.I hadn't bothered with this since it is limited to $3k but may reconsider it.
Certificate Special Offers
Rates effective as of: 23 August, 2020 12:01 AM ET
Product Minimum Deposit Term Dividend Rate APY†
Special EasyStart℠ Certificate1 $50 12 months 3.44% 3.50%
†APY=Annual Percentage Yield
Read Important Disclosures
1Limit one Special EasyStart Certificate per member. This offer, including the stated APY, is effective Dec. 10, 2018. Navy Federal reserves the right to end or modify this offer at any time. Penalty for early withdrawal. The Special EasyStart Certificate has a $50 minimum balance and a $3,000 maximum balance. Additional deposits are allowed at any time, subject to the maximum balance. Certificate owner(s) age 18 and older must have Direct Deposit of Net Pay or payroll allotment and a Navy Federal checking account within 90 days of the certificate issue date. If these requirements have not been satisfied by the 90th day, your Special EasyStart Certificate dividend rate will be reduced to the prevailing dividend rate of the standard EasyStart Certificate for the remainder of the certificate's term.
Me to however not sure if an ACH transfer from Discover bank will qualify as a direct deposit. I called Navy today and the rep says it needs to be coming from an employer or retirement plan or social security as examples. He also said I need to set it up from my end. I have a similar account at another institution and they are accepting my Discover ACH monthly transfer so I'm thinking of just trying to see if it's accepted. I suppose it's all ion the way it's coded.
^^^^ I was talking about the 3.5% Easy Start CD.... not a checking account.
Me to however not sure if an ACH transfer from Discover bank will qualify as a direct deposit. I called Navy today and the rep says it needs to be coming from an employer or retirement plan or social security as examples. He also said I need to set it up from my end. I have a similar account at another institution and they are accepting my Discover ACH monthly transfer so I'm thinking of just trying to see if it's accepted. I suppose it's all ion the way it's coded.
I just looked online at tmobile banking and it shows 4% interest on the first 3K. did you have a link that shows 5%?
Thanks for the reminder, I forgot about the 1% for balances above $3,000. It has been cool collecting the $10/mo. I set up an auto deposit of $200 and a auto withdrawal of $210 (to/from my everyday credit union account).
I just looked - you are correct. My account shows 4% for the first $3K and 1% for anything above. Sorry for the confusion - I don't think it dropped overnight it apparently was 4% all along since my July stmt says 4%.
It's a bit tempting, as it's $90 per year compared to just leaving my money in Ally.
That's actually pretty good... not good enough for me to become a T-Mobile customer but if I was I'd look into it.
I'm hoping Navy Fed CU will keep their $3K annual CD at 3.5%. It has been a great little perk. A free hundred bucks times two is not a bad thing especially in the absence of any other good opportunities.
The last time I looked their CD high was 1% and 1.25%.
If you or a member of your family is or was military you will qualify for membership.
I should probably know the answer to this as I've been an NFCU member forever...can anyone, regardless of how many other certificates they have there, buy these "Easy Start" certificates as long as they don't have more than one at any given time? I think I've always just assumed from the name and the low maximum that they were intended to get young service members in the thrift habit.
If you have PNC bank in your area, $50/$200/$300 bonus for $500/$2000/$5000 in direct deposits (with ACH counting as direct deposit from a number of other banks).
Account must be opened by 8/31 and direct deposit within 60 days.
https://www.pnc.com/en/personal-banking/virtual-wallet-overview.html
This sounds interesting.
Do qualifying Direct Deposits get any special notation compared to ACH deposits ?
I did find this site which suggests what qualifies for each bank. Of course I notice for PNC, that Ally does and doesn't qualify, so Ally seems a bit iffy for a transfer.
https://www.hustlermoneyblog.com/what-banks-count-as-direct-deposits/comment-page-2/#PNC
Just saying...yesterday I set up a t-Mobile money account and it required deposit by 8/28, but no way to do so for weeks until you either get their debit card or you complete a ETF set up with another bank. I downloaded their mobile ap and wrote a check to deposit directly. Today, they denied the check, as it was considered third party even though made out to them. I do not like games and run around and this leaves me pretty unsatisfied. You can not write a check for deposit from another bank, I know I have done so for at least 50 years at other banks so this is not right. Also, when I tried to set up a link with my Fido, their routing number is not valid as it is a commercial bank, same issue with Personal Capital. Certainly not worth the hassel for $10/month interest on the $3K limit. I am canceling my account today and I think I will buy some more preferred stock instead to sock away the 3 grand.
Online savings (Ally, Discover Bank, Capital One) are in the 0.8% range currently.