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Can Add On To Existing IRA CD Before 4/30

Monday, February 27, 2012 - 8:57 AMNavy Federal Credit Union - Details
If you have an existing Trad or Roth CD at Navy Federal, you can add on before April 30 and get the same rate as the existing CD.  Not on their website. They did without my asking. IRA Dept agent explained.
9
cactuscactus51 posts since
Jan 17, 2010
Rep Points: 384
1. Monday, February 27, 2012 - 10:31 PM
Cactus, Do you know if this is for new contributions only or can you add rollover $ new to an existing Navy Federal CD?
1
emoryemory15 posts since
May 26, 2011
Rep Points: 50
2. Wednesday, February 29, 2012 - 5:39 AM
It was a trustee to trustee transfer from another credit union.
2
cactuscactus51 posts since
Jan 17, 2010
Rep Points: 384
3. Wednesday, February 29, 2012 - 10:46 PM
Thank you, Cactus.

I was informed that NFCU will allow additions for trustee to trustee, new contributions, or indirect rollovers to an existing IRA CD.
1
emoryemory15 posts since
May 26, 2011
Rep Points: 50
4. Saturday, March 31, 2012 - 9:36 PM
The IRA department told me today that the decision to allow funds to be added to existing CDs during the period January - April is not automatic, but is reviewed every year.  This "undocumented benefit" is good to keep in mind going forward. 
1
pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,486
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