New Long-Term CD and IRA Rate Tables
We just made a small change to the CD and IRA rate tables today. We have moved the 7-year and 10-year CDs out of the 5-year CD tables and into new tables just for these long-term CDs.
The links to these tables are located in the top navigation menu. Here's the direct link to the 6+ year CD table.
Thanks to reader Cactus who recommended this change in the DepositAccounts.com feedback section of the forum. As Cactus noted, these 7+ year CDs typically have larger early withdrawal penalties than 5-year CDs, and thus, they should be kept separate from the 5-year CDs.
Unfortunately, not many banks and credit unions offer these 7-year and 10-year CDs. If you know of any not listed in the tables (nationwide or local), please leave a comment.
Update 6/12/10: Name of the 7+year CD table has been changed to 6+year CD. Link has also changed.
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3-year Term IRA CD
1.21% APY
cactus - #1, Friday, June 11, 2010 - 9:04 PM
That was fast!
USE Credit Union in northern California (formerly University and State Employees CU) has rates for CDs for any length from 60 Months through 120 Months. http://www.usecu.org/home/cns/rat Rates not good at the moment.
"If your account has an original maturity of more than one year: The penalty we may impose will equal 180 days dividends on the amount withdrawn subject to penalty." https://www.usecu.org/home/fiFiles/static/documents/USECU_ElecDisclosures.pdf
"membership is open to all who live, work, or worship in Alameda, Sacramento, San Diego, Santa Clara, or Yolo County. Employees, Students, or Alumni of the University of California and California University System. Employees of the State of California, including all administrative offices of the State. Retired employees of the State or University System." And some companies and organization members. http://www.usecu.org/home/mem/join
Anonymous - #2, Friday, June 11, 2010 - 9:52 PM
Thanks - this makes it so much easier when I'm only looking for 5 year rates. Big improvement!
Anonymous - #3, Friday, June 11, 2010 - 9:58 PM
Suggestion - call it "6 " instead of "7 ", since there are already 2 6-year CDs on the list.
Anonymous - #4, Saturday, June 12, 2010 - 6:35 AM
An improvement. Glad you did it. Thanks.
rosie43 - #5, Saturday, June 12, 2010 - 7:31 AM
Every couple of weeks changes are made to make things easier and more user friendly. Thanks
o grady (anonymous) - #6, Saturday, June 12, 2010 - 8:21 AM
you r welcome rosie wish i could vote more
KenBDG - #7, Saturday, June 12, 2010 - 1:25 PM
@anonymous #3, that's a good idea about renaming the "7 plus year CD" name to "6 plus year CD". We just made this change.
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