Dedicated to Deposits: Deals, Data, and Discussion

Survey of the Best CD Rates for April 25, 2014

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Survey of the Best CD Rates for April 25, 2014

Treasury yields were down this week after a weak housing report and escalating tensions between the U.S. and Russia over Ukraine. Today the 30-year Treasury yield fell to its lowest level in more than 9 months. It’s another sign that higher rates may be a long way off.

Unlike Treasury yields, CD rates didn’t fall this week, at least the ones I track in this survey. In fact, there were a few rate hikes.

The most noteworthy rate hike was at EverBank which raised rates on both the short and long end. Its 1-year and 18-month CD rates went up considerably, and are now very competitive. Its 5-year and 4-year CD rates went up a little, and that pushed up the 5-year CD APY to a very competitive 2.27%. For nationally available 5-year CDs, only the Jumbo CDs at CIT Bank and Navy Federal have a higher rate (2.30% APY).

Our least favorite credit union raised its special CD rate this week. Fort Knox Federal Credit Union increased its special 46-month CD APY from 1.85% to 2.05%. That puts this CD on top of my nationally available 4-year CD rate list. If you don’t know why I call this our least favorite credit union, please refer to this post.

Another noteworthy change wasn’t a rate hike, but a term reduction. Third Federal reduced the term of its special CD from 39 months to 29 months. The yield remains at 1.50%. This change puts this CD into my 2-year CD list which makes this CD very competitive. The only CD more competitive is Barclays 5-year CD when closed at 2 years. That would have an effective yield of 1.69%. If closed at 29 months, Barclays 5-year CD’s effective yield would be 1.78%.

As you can see in the above comparison, the best overall CD deal in my opinion continues to be the 5-year CD at Barclays which has a 2.25% APY. What makes this a good deal is this CD’s mild early withdrawal penalty of 6 months of interest. I describe how good of a deal this is even if you prefer short-term CDs in my blog post.

Local CD Deals

For the local CD rate changes on the CDs that I track below, there was only one rate change, and that was a rate hike. Wright-Patt Credit Union in Ohio raised its 6-year Jumbo CD yield from 2.33% to 2.47%.

I added one new local CD deal. Financial Center Federal Credit Union in Indiana is offering 2.50% APY on a 7-year CD. That puts it in the middle of my list for local CDs with terms over 5 years.

Long-Term CD Break Strategy

For the short-term CDs in my lists, you might notice CDs with the note "5-year CD closed after X years". These take into account the yield after the early withdrawal penalty is applied.

If you want to compare the effective yields of other CDs after the early withdrawal penalties, please refer to our CD early withdrawal penalty calculator.

The risks of planning for early withdrawals of long-term CDs were highlighted by the deposit agreement change at Ally. The risks have also been seen at credit unions which have raised the early withdrawal penalties on existing CDs. I have more details in this blog post.

Note About the CD Survey

As I described in my rate table overview, you can use our CD rate tables to find the best rates for both nationally available CDs and local CDs. This CD survey blog posts are intended to highlight nationwide CD deals that may not be apparent in the tables. For example, I'll include the post-penalty yields of a few long-term CDs.

The CD survey blog posts are also intended to highlight the local CD deals that are available in large metro areas. There are many high CD rates, but most of these are at small banks in rural areas or at small credit unions with very narrow fields of membership. In these local CD surveys, my focus is on local CD deals that are in big cities or that are available in large areas of a state.

Yields Accurate as of April 25, 2014

Under 1-Year CD Rates

InstitutionRatesNotes
EverBank1.10% checking/MMA intro 6-month rate ($100K/$50K max)account review
Connexus Credit Union1.00% 6-month CDw/active chk
Doral Direct0.91% 9-month CDaccount review
Doral Direct0.87% 6-month CDaccount review
Ally Bank0.87% 11-month No-Penalty CDsee account review
Bank5 Connect0.85% 6-month CDNot available to MA & RI residents

Noteworthy Local Deals - Under 1-Year CDs

InstitutionRatesRegion
HomeBanc1.50% 3-month CDCentral and West Central FL
Flagstar Bank1.05% savings account w/6-mo rate guaranteeMichigan
Gulf Coast Federal Credit Union1.10% 6-month CDCorpus Christi, TX metro
Doral Bank NY1.00% 6-month CDNYC

1-Year CD Rates

InstitutionRatesNotes
Quorum Federal Credit Union1.25% 13-month CD
Melrose Credit Union1.15% 1-year CD
GE Capital Retail Bank1.10% ($2K min) 13-month CDCD special
Connexus Credit Union1.10% 1-year CDw/active chk
EverBank1.06% 1-year CD
CIT Bank1.05% ($25K min)add-on & bump-up 1-year CD
GE Capital Bank1.05% 1-year CD
AmTrustDirect1.05% 1-year CD
GE Capital Retail Bank1.05% ($25K min) 1-year CDFormerly MetLife
Ally Bank0.99% 1-year CD60-day early withdrawal penalty

Noteworthy Local Deals - 1-Year CDs

InstitutionRatesRegion
Gulf Coast Federal Credit Union1.50% 12-month CDCorpus Christi, TX metro
South Florida Federal Credit Union1.26% 1-year CDSouth Florida
LOMTO Federal Credit Union1.20% 1-year CDparts of New York City
Doral Bank NY1.20% 1-year CDNYC
HAB Bank1.15% 1-year CDSouthern California
Cornerstone Community Financial Credit Union1.14% 14-month CDparts of MI and OH
HAB Bank1.10% 1-year CDNYC metro
Beal Bank1.01% 1-year CDSoutheast FL

18-month CD Rates

InstitutionRatesNotes
Xceed Financial Credit Union1.50% 17-month CD
Barclays1.50% (2.25% 5-year CD closed after 18 months)see review & risks
BBVA Compass1.25% (w/relationship checking) 1.15% (w/o relation) 18-month CDnow nationally available
Northern Bank & Trust Company1.25% 20-month CD
EverBank1.16% 18-month CD
Ally Bank1.16% (1.60% 5-year CD closed after 18 months w/new ewp)see review & risks
GE Capital Retail Bank1.15% 15-month CD specialFormerly MetLife

Noteworthy Local Deals - 18-Month CDs

InstitutionRatesRegion
Gulf Coast Federal Credit Union1.65% 18-month CDCorpus Christi, TX metro
South Jersey Federal Credit Union1.26% 18-month CDparts of New Jersey
Doral Bank NY1.25% 18-month CDNYC
Greater Nevada Credit Union1.20% 17-month CDNorth Nevada
ABNB Federal Credit Union1.10% ($100K) 15-month CDNorfolk/Virginia Beach metro

2-Year CD Rates

InstitutionRatesNotes
Barclays1.69% (2.25% 5-year CD closed after 2 years)see review & risks
Third Federal1.50% 29-month CDpromotional
Melrose Credit Union1.41% 2-year CD
Northrop Grumman Federal Credit Union1.40% ($40K) 1.25% ($2.5K) 2-year CD
BBVA Compass1.35% (w/relationship checking) 1.25% (w/o relation) 29-month CDnow nationally available
Ally Bank1.27% (1.60% 5-year CD closed after 2 years w/new ewp)see review & risks
Connexus Credit Union1.30% 2-year CDw/active chk
Salem Five Direct1.25% 2-year CD
Bank5 Connect1.20% add-on 2-year CDnot available to MA & RI residents
CIT Bank1.20% ($25K min) add-on & bump-up 2-year CD

Noteworthy Local Deals - 2-Year CDs

InstitutionRatesRegion
Gulf Coast Federal Credit Union1.75% 2-year CDCorpus Christi, TX metro
Greater Nevada Credit Union1.70% 27-month CDNorth Nevada
NavyArmy Community Credit Union1.70% ($100K) 1.40% ($1K) 2-year CDCorpus Christi, TX metro
Doral Bank NY1.45% 2-year CDNYC
LOMTO Federal Credit Union1.45% 2-year CDparts of New York City
Keesler Federal Credit Union1.50% ($100K) 1.40% ($1K) 2-year CDMississippi
People's Alliance Federal Credit Union1.35% 28-month CDNYC and Miami
BrightStar Credit Union1.25% 23-month CD (+0.25% w/chk relationship)parts of Southeast FL

3-Year CD Rates

InstitutionRatesNotes
Wilshire State Bank2.28% 3-year installment savings account w/auto xfers, $100K maxaccount review
Barclays1.88% (2.25% 5-year CD closed after 3 years)see review & risks
Connexus Credit Union1.75% 3-year CD w/active chk
Melrose Credit Union1.66% 3-year CD
Northern Bank & Trust Company1.60% 3-year CD
Navy Federal Credit Union1.55% ($100K) 1.50% ($20K) 3-year CDlimited membership
America's Credit Union1.50% 3-year CDpromotional
Intervest National Bank1.45% 3-year CD
CIT Bank1.40% ($100K) 1.27% ($1K) 3-year CD
Bank5 Connect1.30% 3-year CDnot available to MA & RI residents

Noteworthy Local Deals - 3-Year CDs

InstitutionRatesRegion
Greater Nevada Credit Union2.20% 37-month CDNorth Nevada
NavyArmy Community Credit Union2.05% ($100K) 1.75% ($1K) 3-year CDCorpus Christi, TX metro
Gulf Coast Federal Credit Union2.02% 3-year CDCorpus Christi, TX metro
Patriot Federal Credit Union2.00% 3-year and 30-mo CD specialparts of PA and MD
Liberty Bank2.00% 3-year CD specialConnecticut
Transportation Federal Credit Union2.00% 3-year CDWashington DC metro
Keesler Federal Credit Union1.65% ($100K) 1.55% ($1K) 3-year bump-up CDMississippi
ABNB Federal Credit Union1.60% ($100K) 39-month CDNorfolk/Virginia Beach metro
LOMTO Federal Credit Union1.60% 3-year CDparts of New York City
Doral Bank NY1.60% 3-year CDNYC
Department of Commerce FCU1.55% 3-year CDWashington DC
Spokane Teachers Credit Union (STCU)1.51% ($25K) 30-month CDWA State & parts of ID

4-Year CD Rates

InstitutionRatesNotes
Fort Knox Federal Credit Union2.05% 46-month CDConsumer-unfriendly history, see review
Melrose Credit Union2.02% 4-year CD
NASA Federal Credit Union2.00% 49-month CD special
Barclays1.97% (2.25% 5-year CD closed after 4 years)see review & risks
America's Credit Union1.80% 4-year CDpromotional
Navy Federal Credit Union1.80% ($100K) 1.76% ($20K) 4-year CDlimited membership
CIT Bank1.80% ($100K) 1.70% ($1K) 4-year CD
Nationwide Bank1.79% ($100K) 1.74% ($500) 4-year CD
EverBank1.78% 4-year CD
GE Capital Retail Bank1.75% ($25K) 1.70% ($2K) 4-year CDFormerly MetLife
Barclays1.70% 4-year CD
San Diego County Credit Union1.65% ($90K) 4-year CD
Ally Bank1.30% Raise-Your-Rate 4-year CD
Pentagon Federal Credit Union1.26% 4-year CD

Noteworthy Local Deals - 4-Year CDs

InstitutionRatesRegion
Patriot Federal Credit Union2.50% 4-year step-up CD specialparts of PA and MD
Liberty Bank2.25% 4-year CD specialConnecticut
Bank of Utica2.25% 4-year CDCentral New York
Bayer Heritage Federal Credit Union2.15% 4-year CDparts of WV, OH & SC
Institution For Savings2.00% 4-year CDparts of MA
Keesler Federal Credit Union2.00% ($100K) 1.90% ($1K) 4-year CDMississippi
Department of Commerce FCU1.80% 4-year CDWashington DC
MidFirst Direct1.75% 4-year CDAR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY
LOMTO Federal Credit Union1.75% 4-year CDparts of New York City
Police and Fire Federal Credit Union1.75% 4-year CDPennsylvania
HAPO Community Credit Union1.70% 4-year CDall of Washington State
Doral Bank NY1.65% 4-year CDNYC
Fifth Third Bank1.50% 4-year CD specialseveral eastern and midwestern states

5-Year CD Rates

InstitutionRatesNotes
CIT Bank2.30% ($100K) 2.25% ($1K) 5-year CD
Navy Federal Credit Union2.30% ($100K) 2.25% ($20K) 5-year CDlimited membership
EverBank2.27% 5-year CD
Melrose Credit Union2.27% 5-year CD
Stanford Federal Credit Union2.27% ($100K) 5-year CD, requires chk w/ddaccount review
Barclays2.25% 5-year CD
GE Capital Retail Bank2.25% ($25K) 2.20% ($2K) 4-year CDFormerly MetLife
iGObanking.com2.15% 5-year CD
GE Capital Bank2.10% 5-year CD
BBVA Compass2.10% (w/relationship checking) 2.00% (w/o relation) 5-year CDnow nationally available
San Diego County Credit Union2.05% ($90K) 5-year CD
State Farm Bank2.05% 5-year CD, 2.10% IRA
State Bank of India - New York2.05% 5-year CD
Mountain America Credit Union2.00% 5-year CD
Fidelity New Issue Brokered CD2.00% 5-year non-callable CDissued by GE Capital Retail Bk
Discover Bank1.95% 5-year CD

Noteworthy Local Deals - 5-Year CDs

InstitutionRatesNotes
Patriot Federal Credit Union3.00% 5-year CD specialparts of PA and MD
ABNB Federal Credit Union2.60% ($100K) 63-month CDNorfolk/Virginia Beach metro
Liberty Bank2.50% 5-year CD specialConnecticut
Bank of Utica2.50% 5-year CDCentral New York
Bayer Heritage Federal Credit Union2.40% 5-year CDparts of WV, OH & SC
Progressive Credit Union2.32% 5-year CD (NYC with unique FOM)account review
Keesler Federal Credit Union2.30% ($100K) 2.20% ($1K) 5-year CDMississippi
Security Service Federal Credit Union2.25% ($100K) 2.10% ($500) 5-year CDparts of Texas, lower rates in CO and UT
Credit Union West2.20% (IRA $50K) 1.95% (non-IRA $50K) 5-year CDPhoenix metro
Dime Savings Bank2.10% 5-year CDNew York
Department of Commerce FCU2.10% 5-year CDWashington DC

Over 5-Year CD Rates

InstitutionRatesRegion
Fidelity New Issue Brokered CD3.30% 10-year non-callable CDissued by GE Capital Retail Bk
Navy Federal Credit Union2.80% ($100K) 2.75% ($20K) 7-year CDlimited membership
Franklin Federal Savings Bank2.73% 7-year CDaccount review
Fidelity New Issue Brokered CD2.70% 7-year non-callable CDissued by GE Capital Retail Bk
Apple Federal Credit Union2.60% 10-year CD
Navy Federal Credit Union2.45% ($100K) 2.40% ($20K) 6-year CDlimited membership
Franklin Federal Savings Bank2.42% 6-year CDaccount review
Discover Bank2.25% 10-year CD
Apple Federal Credit Union2.20% 7-year CD
GE Capital Bank2.15% 6-year CD
Intervest National Bank2.07% ($95K) 2.05% ($2.5K) 10-year CD
Discover Bank2.05% 7-year CD

Noteworthy Local Deals - Over 5-year CDs

InstitutionRatesRegion
Hutchinson Credit Union3.15% ($250K) 3.10% ($100K) 3.05% ($25K) 10-year CDKansas
MidFirst Bank3.00% 10-year CDAZ and OK
Frick Tri-County Federal Credit Union3.00% 10-year CDparts of Western PA
Dollar Bank3.00% 10-year CDPittsburgh and Cleveland
SACU2.90% ($90K) 2.85% ($10K) 10-year CDSan Antonio, TX
PeoplesChoice Credit Union2.78% 10-year CDYork and Cumberland Counties of Maine
MidFirst Direct2.75% 7-year CDAR, AZ, CA, FL, MO, NH, NV, NY, OK, TX, and WY
Doral Bank NY2.70% 10-year CDNYC
Financial Center Federal Credit Union2.50% 7-year CDparts of Indiana
Frick Tri-County Federal Credit Union2.50% 8-year CDparts of Western PA
Hutchinson Credit Union2.50% ($250K) 2.40% ($100K) 2.30% ($25K) 6-year CDKansas
Wright-Patt Credit Union2.47% ($100K) 2.37% ($500) 6-year CDUS gov military and civilian personnel, Parts of OH
MidFirst Bank2.40% 7-year CDAZ and OK
Security Service Federal Credit Union2.40% ($100K) 2.25% ($500) 7-year CDparts of Texas, lower rates in CO and UT
SACU2.40% ($100K) 2.36% ($10K) 7-yearSan Antonio, TX
Columbia Bank2.30% 7-year IRA CDNew Jersey
Doral Bank NY2.30% 7-year CDNYC
First Republic Bank2.25% 6-year CDparts of CA, OR, MA, CT, FL and NY
Fifth Third Bank2.00% 6-year CD specialseveral eastern and midwestern states

Note: All rates listed above are Annual Percentage Yields (APY) which factor in compounding.


Related Pages: CD rates

Related Posts

Comments
63 Comments.
Comment #1 by Anonymous posted on
Anonymous
6 months ago I thought rates were too low and couldn't get any lower. I bought a highly rated bond that paid better interest. This week the bond was called. When I checked the agency's current bond offerings they are much lower than 6 months ago. At least I got a great rate for 6 months, but what a terrible time it is to be a saver.

12
Comment #2 by Anonymous posted on
Anonymous
Anyone have any guess on when CD rates might begin to rise?

1
Comment #4 by Anonymous posted on
Anonymous
Guess?  OK.  Not in your lifetime.

3
Comment #23 by Anonymous posted on
Anonymous
October 22, 2019.

1
Comment #24 by Anonymous posted on
Anonymous
Darn it!!! That was going to be my guess!

3
Comment #53 by Anonymous posted on
Anonymous
I think we will see a rise by the end of the year.

1
Comment #3 by Robert (anonymous) posted on
Robert
0.87% APY Ally 11-month no-penalty CD + .0.15% APY bonus = 1.02% APY FOR 11 MONTHS. Smartypig =1.0% APY all the time.  Seems like right now Ally CD's are almost lagging savings accounts.

5
Comment #5 by Anonymous posted on
Anonymous
Why would you even bother with Ally. 

3
Comment #35 by Maecl posted on
Maecl
Because the rate is locked in but not the funds.

2
Comment #54 by Anonymous posted on
Anonymous
What do you mean "the funds are not locked in?"

1
Comment #57 by Anonymous posted on
Anonymous
I think he means the rate is good for the whole 11 months no matter what but he can take out his funds at any time with no penalty.

1
Comment #58 by Anonymous posted on
Anonymous
Thanks, I see what he means now.

1
Comment #64 by Maecl posted on
Maecl
Sorry, I was talking about the no penalty CD.  At least I'm getting 1.02% on the CD's I renewed.  Not great but nothing great out there.

1
Comment #6 by Anonymous posted on
Anonymous
What will it take for you people to finally understand that interest rates CAN'T rise?????  They not only won't......they can't. By definition.....they can't!!!!!!  The debt will blow up regardless.....but the Fed and current politicians don't want that on their watch.....it will NEVER happen. It's over, folks. Ballgame......Finito......Done.

8
Comment #8 by Anonymous posted on
Anonymous
Let's all chip in and sell Pot.

3
Comment #20 by Anonymous posted on
Anonymous
The stock markets won't ever go down. "They not only won't......they can't."
LOL.

2
Comment #55 by Anonymous posted on
Anonymous
When interest rates begin to rise, stocks will go down for a long, long time.

3
Comment #56 by Anonymous posted on
Anonymous
The comment made by #55 implies that low interest rates are subsidizing the stock market.  In other words, there is a transfer of wealth from the middle class to the rich!

2
Comment #59 by Anonymous posted on
Anonymous
There is no doubt about this.

2
Comment #7 by Hoody posted on
Hoody
LOL man seems like we make pretty much the same posts over and over on every one of these Survey of the Best CD Rates articles. Bear with it as best you can as each of you see fit, I'm so far at least glad I still get some return on my principle, and get back that principle at some point, it could be worse, they charge you to keep your money safe and insured.

8
Comment #9 by Anonymous posted on
Anonymous
When will China balk at loaning the US money at such paltry interest rates?

1
Comment #10 by Anonymous posted on
Anonymous
not soon enough!

5
Comment #11 by Anonymous posted on
Anonymous
China does not care about the interest rate.....They just want the USA in their debt and thus in control of us.

5
Comment #12 by Anonymous posted on
Anonymous
About time the United States declares Bankruptcy! 

3
Comment #13 by scottj posted on
scottj
Rates will rise and taxes will just go up to cover servicing the debt. Doesn't bother me since I don't really pay taxes anymore.  

2
Comment #14 by lou posted on
lou
How do you avoid paying taxes on your CD interest income?

2
Comment #15 by scottj posted on
scottj
Buy having no W2 income, I paid quarterly fed tax payments based on the $70k or so interest I knew I would make and got refunded back every penny thanks to deductions and credits

4
Comment #16 by Anonymous posted on
Anonymous
What deductions and/or credits give you all your fed tax refunded?

2
Comment #17 by scottj posted on
scottj
 Healthcare, RE Tax, Excise tax, Charity, Child tax credit

5
Comment #18 by Anonymous posted on
Anonymous
I don't see how deductions an/or credits could allow you to have all your fed tax refunded.

4
Comment #21 by Anonymous posted on
Anonymous
Only corporations and poor people get to do that.

5
Comment #34 by scottj posted on
scottj
My deductions were over $40k this year and I claim married with 1 kid. Also my wife worked part time at her friends pre school, only made about $2,500 but that allowed me to contribute to my IRA which lowered my taxes even more. My healthcare alone was over $23k but that will change since it's much cheaper now with subsidies thanks to Obama, so yea will probably not have any more years where I pay zero. But bottom line is without any W2 income I will never pay much in Fed taxes, If I was still working between Fed, State and that new 3.8% tax on unearned income to pay for the ACA I would be paying over 43%. It's only a matter of time before other small business owners do what I did and call it quits. It's not what you make but what you can keep that becomes important. 

6
Comment #40 by Anonymous posted on
Anonymous
Some, perhaps many, already have.

1
Comment #42 by lou posted on
lou
Scott, the money you're saving  because of Obamacare is probably way more than any tax you now to have.

One problem we have with Obamacare in Ca, is that the insurance sucks. The network of doctors and hospitals  are extremely narrow, and if you got very sick, it could be very difficult to find specialists or great hospitals in these small networks.

2
Comment #43 by lou posted on
lou
Correction: Scott, the money you're saving  because of Obamacare is probably way more than any tax you now  have to pay.

1
Comment #46 by scottj posted on
scottj
Situation is not bad in MA since we have had Romneycare for about 8 years now, so most people were already insured prior to the start of Obamacare and kinks have been worked out. I was already buying my insurance through our exchange and had a very good plan with a broad network. I was planning on sticking with that plan but had to re-enroll in out exchange after the changes ACA brought Oct 1, Filled out application on Oct 3 so that I could get subsidies. Well it's now almost May and they still haven't got to my application, so when my insurance ended on Dec 31, 2013 I wasnt able to get a new plan. So MA put me in thousands of others on totally free MA State Healthcare, I'm hoping they never get things fixed, best insurance I have ever had, We are all still seeing same doctors, no co pays or deductibles and RX's are either $1 or $3. Even has dental which I didnt have before, Figure since Jan 1st I have saved around $7k. But yea I know...wont have as much deductions for this year and will probably have to pay a little Fed tax

2
Comment #47 by lou posted on
lou
LOL

A state with universal healthcare for 8 years, great universities, including MIT and many excellent high tech firms couldn't build a website to process these applications. At least you're getting free healthcare as a result of their colossal incompetence. If you were trying to come up with a worst case scenario, it would be hard to surpass the ineptitude displayed in your state. I wish the website didn't work in CA because the insurance they are selling is a joke.

2
Comment #49 by scottj posted on
scottj
I read an article in the The Boston Globe a couple weeks ago that at the rate they are processing applications it will take 11 years to complete, I hope it does. But I was able to shop the plans offered after ACA took effect and coverage and prices look great. Pretty much same plan with same carrier  I had that was almost $1,700 was now about $1,200, for some reason prices have come down here thanks to ACA, will that last? Who knows

3
Comment #48 by Anonymous posted on
Anonymous
Scott,  The clock is ticking for you and others like you.  Just wait until "net worth" is considered when qualifying for subsidies in healthcare.  I was shocked when the exchanges' website never accounted for that.  Tick, tock, tick. tock..
Scott and others are finally hit with a big tax bill.

2
Comment #50 by scottj posted on
scottj
I don't see that happening anytime soon, As the Dems like to say, "ACA is now law of the land". Any changes that were in the law when it passed will be very difficult to change, if they go down that road it opens up changes to the whole program and Republicans would use that to end the ACA. And for the record I was not and am still not forr the ACA, but heck I will take advantage of it. If anything is to happen thye change I see coming is it becoming a one payer system. Makes no sense that individuals can buy plans on the exchange for far less than what businesses will be paying for group plans. So what I see happening is more employers not offering insurance and just giving you some extra money to buy on the exchange and at some point the exchange will be the only place to buy insurance and we will become a one payer system. I could care less what happens, I'm 52 and have more than enough to continue living a comfortable life. Now time to grab some beers and head out to hot tub, get a little buzz and laugh at the "change" people voted in. Not sure how change worked for the but best thing ever for me

2
Comment #28 by Yellen Louder (anonymous) posted on
Yellen Louder
 I think the poster meant 7k. Yeah, thats the ticket.

4
Comment #30 by 51hh posted on
51hh
Knowing Scott, I think that $70K interest is correct.

3
Comment #39 by Anonymous posted on
Anonymous
You may not know scott as well as you think.  With the interest rates at nearly zero for over 5 years, he would need multi-million dollars to get $70K in interest.  If this were true then why is he wasting his time here?

3
Comment #51 by scottj posted on
scottj
How do you think I make good interest on my money? Have been with bankdeals and now this new site from day one. I still have a number of CDs paying over 3% and even the 5% Penfed, most of my great deals came from this site

4
Comment #19 by paoli2 posted on
paoli2
#15  If you are able to still be getting 70K interest in this day and age you would have to be in one of the highest tax brackets.  All those deductions you posted about would have cost you quite a bit of whatever income you have so you really need to get that refund more than many others like myself.  It is just great to know "anyone" is able to get that type of interest in these sorry times.

3
Comment #22 by Anonymous posted on
Anonymous
Don't believe it for a second.

5
Comment #25 by Anonymous posted on
Anonymous
paoli2,  Haven't you learned yet?  Don't believe everything you read on the internet.  You can't be that naive!  

6
Comment #26 by James Barnes posted on
James Barnes
What will the federal reserve do at meetng this week?

2
Comment #27 by James Barnes posted on
James Barnes
Should have read "at THEIR meeting this week".

3
Comment #29 by Anonymous posted on
Anonymous
The fed will continue its typical line of feeding the public a line of bs.  Full disclosure is a myth.

6
Comment #32 by paoli2 posted on
paoli2
#25  Look up the definition of "SARCASM" in the dictionary.  Can you be so naive not to recognize it when you read it?  Maybe we need a "sarcasm" comment icon like we have our smileys ( :) )

3
Comment #31 by Anonymous posted on
Anonymous
$70K in interest as the sole income is realistic for longterm/big investments.  Remember a retired (65) couple can earn gross income of around $72k as I recall and with std deductions, etc. pay only 10% income tax

2
Comment #33 by Anonymous posted on
Anonymous
We are in a Japan like recovery. Interest rates in Japan have been near 0% for close to 20 years. So I think we are ****ed like Japan for a very long time.

4
Comment #36 by Anonymous posted on
Anonymous
Do you think the US will be able to borrow at these rates indefinitely?  I think China won't continue to loan the US money at these low rates.  At that point, rates should rise.  Do you agree?

2
Comment #37 by Anonymous posted on
Anonymous
No, I don't agree.

3
Comment #45 by Anonymous posted on
Anonymous
China holds about 8% so, yes, they will keep buying US bonds as long as it's in their interest...which it is.

4
Comment #52 by Anonymous posted on
Anonymous
How long will they accept these ridiculously low rates?

1
Comment #60 by Anonymous posted on
Anonymous
Most fed watchers expect rates to rise in the second half of 2015.  Do you agree?

2
Comment #61 by Anonymous posted on
Anonymous
No, I do not agree.

1
Comment #62 by Anonymous posted on
Anonymous
And, the rationale for such "bold" statement(s)?

1
Comment #63 by Anonymous posted on
Anonymous
No growth, no measured inflation, lousy employment numbers translates into no rate increase. The Fed has to taper bond purchases simply because their balance sheet won't support it. Interest rates are a different matter altogether.

1
Comment #41 by Robert (anonymous) posted on
Robert
Right now, the Ally CD renewal loyalty bonus is only 0.15%.  Has anyone been able to negotiate a better loyalty bonus with Ally?  Say, 0.25%, which is what it used to be? Something else?

3
Comment #44 by James Barnes posted on
James Barnes
I, too, would like to know if anyone has negotiated a loyalty bonus at Ally that is higher than 0.15%.  Thanks.

3