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Have You Noticed The Dismal Money Market Certificate Rates At PenFed?

Friday, May 16, 2014 - 9:07 PMPentagon Federal Credit Union - Details
Term Dividend Rate APY
6 Month 0.300% 0.30%
1-Year   0.800% 0.80%
2-Year   0.900% 0.90%
3-Year   1.000% 1.00%
4-Year   1.250% 1.26%
5-Year   1.500% 1.51%
7-Year   1.500% 1.51%
14
ShorebreakShorebreak2,620 posts since
Apr 6, 2010
Rep Points: 14,195
1. Saturday, May 17, 2014 - 6:14 AM
Have noticed their rates. But I learned that when you posted on them it still came to my email because Pentagon was one of the institutions that I had put an alert on. I knew they came when the charts changed but did not realize they would still come when rates were posted. Maybe others can use this information. 
1
Ally6770Ally6770912 posts since
Jan 16, 2010
Rep Points: 2,655
2. Saturday, May 17, 2014 - 7:46 AM
You want dismal "max" just take a look at what Chase and many others are "giving" us on 5 year CDS!  Now that's dismal!  Looks like I'm fried potatoes for my CDs maturing next month unless the skies open and drop me a miracle!
5
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
3. Saturday, May 17, 2014 - 11:31 AM
I have some cds coming due at PF next month also........probably gonna be moving them elsewhere.  
5
diamondxdiamondx72 posts since
Jan 19, 2011
Rep Points: 169
4. Saturday, May 17, 2014 - 11:53 AM
#3:  If you find some 2% or more 5 year CDs when yours come due, please do share in a post on DA.  We can't leave it all up to Ken to catch the good ones.   DA is all about share and share alike, right?  Thanks!
2
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
5. Sunday, May 18, 2014 - 1:16 PM
#3:  If you find some 2% or more 5 year CDs when yours come due, please do share in a post on DA.  We can't leave it all up to Ken to catch the good ones.   DA is all about share and share alike, right?  Thanks!
I had the same concern when my Alliant came due last month.  I moved it to Barclays Bank for 2.15%  I just checked and right now Barclays is showing 2.15% for 5 year.

I'm hoping that when the rest of my CD's come due next year there will be some better choices.
2
carlycarly26 posts since
Sep 2, 2011
Rep Points: 88
6. Sunday, May 18, 2014 - 2:43 PM
Carly:  Thanks for the input on Barclays.  So far it is the best I can find if it still has the .2,25% for 5 years and I am holding it aside if nothing better pops up.  However, can you share if you had any problems buying your Barclays CDs online or on the phone?  Was it a smooth process and will they allow the money for the CDs to be withdrawn from my local bank account to pay for the CDs or did you have to mail them a check?.  Would appreciate any info you can share.  Thanks.
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
7. Sunday, May 18, 2014 - 5:08 PM
I already had an online Barclay's savings account, and my regular checking  was already linked to the savings.  So it was simple to just transfer the money from my outside checking to the new CD.  Very smooth process.
1
carlycarly26 posts since
Sep 2, 2011
Rep Points: 88
8. Sunday, May 18, 2014 - 6:53 PM
Paoli....I opened a Barclays 5 yr awhile back. Had no problem doing it online followed by a ACH funds transfer from my bank. Set up an accounts alert and they notify each month when dividends are paid.
1
klinkklink98 posts since
Dec 8, 2012
Rep Points: 265
9. Sunday, May 18, 2014 - 7:08 PM
Klink:  Thanks for the added info.  What is this accounts alert thing?  Is this how we get our monthly dividends sent to us?  Do they mail or will they just send it to the local checking account that they took the ACH funds out of for CDs?  Thanks for your help.
1
paoli2paoli21,372 posts since
Aug 10, 2011
Rep Points: 6,011
10. Sunday, May 18, 2014 - 9:48 PM
Cit Bank also currently has a 2.25% 5 year cd. In addition they offer 2.3% for a 5 year jumbo.
Was easy to open.
2
FARFAR106 posts since
Feb 26, 2013
Rep Points: 381
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