I have overcome this by opening several savings accounts to increase the number of withdrawals per month.Note that for a savings account you are limited to six electronic withdrawals per statement cycle. No limits on checking.
When making transition from old to new CD is there a risk of not earning interest? Where do funds sit after old CD is closed and how soon after that is new one funded? Is there any wkend risk if done at the wrong time?
Thanks for the heads up on USSFCU being part of your shared co-op branch. Have been considering USSFCU so just googled our local co-op. Yep, USFCU is a member.After over a week of back and forth, I opened an account with the United States Senate Federal Credit Union. I was able in one day to deposit a check at a local shared credit union branch then go home and call them to open a certificate (CD) for 5 years @ 3.69 APY. Unfortunately, their 5 year rate just dropped down to 3.53%.
I have an ally savings account, and some CD's.
- I terminated my no fee CD early and had the money sent to my ally savings account.
- I refreshed the browser screen, and the money was there.
- (if that had not shown, I would have logged out, and closed browser, and logged back in).
- I bought a new no fee CD (higher rate) and funded it with the money in my ally savings account.
Very helpful to show how easy it is to refresh the CD rate on the no-penalty CD, and I had the same experience in my regular (non-trust) account.I have an ally savings account, and some CD's.
- I terminated my no fee CD early and had the money sent to my ally savings account.
- I refreshed the browser screen, and the money was there.
- (if that had not shown, I would have logged out, and closed browser, and logged back in).
- I bought a new no fee CD (higher rate) and funded it with the money in my ally savings account.