1.5 % 11 Month CD no penalties

[Blue Collar Guy]

Just saw this pop up ad Ally on line bank. I saw some one ask about a good rate you need 25k for that rate.

 

[Ready]

Not bad. I'd like to see the five year rates go back to 3% or higher.

 

[Blue Collar Guy]

Not bad. I'd like to see the five year rates go back to 3% or higher.

Yeah, I sent Private message to the poster that was looking for a better rate. I didnt think Id find him, so thats why i made this thread.

 

[Ready]

A five year CD is still only 2.25%, vs an 11 month CD for 1.5%. Those numbers don't make sense. A five year should easily be double the 11 month rate. I normally only go for five year CDs because the early term penalty is only 6 months interest, but this just doesn't make any sense.

 

[Totoro]

Thanks for the messsage.

I'm in the Eurozone, so no play for me, this is USD

 

[audreyh1]

There is a month old thread already on that CD.

 

[Lakewood90712]

A five year CD is still only 2.25%, vs an 11 month CD for 1.5%. Those numbers don't make sense. A five year should easily be double the 11 month rate. I normally only go for five year CDs because the early term penalty is only 6 months interest, but this just doesn't make any sense.

Inching in the direction of inverted yield - and ya all know what that can mean

 

[Blue Collar Guy]

Inching in the direction of inverted yield - and ya all know what that can mean

Not really, but I can tell from the wording it aint good

 

[NameRedacted]

This might be of interest to some people.

https://www.five-starbank.com/

If you don't see the 8 month CD at 2% - hit the left and right arrow buttons until you do. I'll attach a screen capture just in case.

1. It may only apply to people in upstate NY
2. You have to open a checking account and use direct deposit
3. Fees on the checking account are a little cumbersome (e-statements, min combined balance of $25,000 and DD)
4. There is a $150 bonus for opening the checking account.

Buying a $25,000 CD and including the bonus seems to yield up to 2.9%.

 

[CardsFan]

We just re-upped at the local credit union. 2-yr CD at 2%. Special offer, so no longer available.

 

[brewer12345]

You can only do 10k, but I inked a 5 month special CD at Navy FCU for 3% today. Low hanging fruit.