Home Loan Investment Bank Has Nationwide 18-month eCD

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UPDATE 8/10/18: This CD has expired. The 18-month 3.15% eCD is no longer available.

Deal Summary: 18-month eCD, 3.15% APY, $2.5k minimum deposit, online application only. 14-month CD, 3.15% APY, $100k minimum deposit, in-branch only.

Availability: Nationwide online application. In-branch market area includes Connecticut, Massachusetts, and Rhode Island.

Rhode Island-based Home Loan Investment Bank (HLIB) is offering 3.15% APY on two different CDs: a nationally available 18-month eCD and an in-branch 14-month CD. The minimum deposit for the 18-month eCD is $2.5k, and $100k for the 14-month CD.

APYMINMAXINSTITUTIONPRODUCTDETAILS
3.15%$100k-Home Loan Investment Bank, F.S.B.14 Month CD
Rates as of November 18, 2018.

I was able to confirm the following information DA reader, Blade, listed in a Forum post.

  • The eCD can be funded via ACH
  • ACH can be used to send monthly interest back to the original funding account, if desired.
  • Only option to access eCD funds at maturity is a cashier’s check sent by snail mail. As Blade stated, “Strange, since they will ACH monthly interest payments.”

DA reader, SYC, was told by CSR that,

Funds for e-CD can be sent in by ACH. When CD matures, however, funds would be be sent to you by check only either by phone or mail instructions unless you have a savings account (not available on-line) with HLIB.

According to CSR, the Early Withdrawal Penalty is six months interest for either the eCD or the CD.

Thanks to DA readers, Blade, Bowman, and SYC, for their Forum posts on this hot deal.

Availability

Headquartered in Warwick, Rhode Island, Home Loan Investment Bank offers its in-branch product line to residents of Rhode Island, Massachusetts, and Connecticut. Since I last wrote about HLIB, the Bank has added a limited number of nationally available eCDs.

Opening a CD must be done in person at any of three Rhode Island branches located in Providence and Warwick (2). As the name suggests, an eCD can only be opened using the Bank’s online application.

Bank Overview

Home Loan Investment Bank has an overall health rating of "B" at DepositAccounts.com, with a Texas Ratio of 12.84% (above average) based on March 31, 2018 data. In the past year, the Bank has increased its total non-brokered deposits by $748k, an above average annual growth rate of 0.33%. Please refer to our financial overview of Home Loan Investment Bank (FDIC Certificate # 27417) for more details.

Home Loan & Investment Association was established in 1959 operating under a Rhode Island state charter. Fifteen years later, John M. Murphy (Founder and Chairman) purchased the bank charter and began to build the bank, “reactivating the charter for mortgage lending purposes.” In 1995, the charter was converted to a federal charter and the Band rebranded as Home Loan Investment Bank, FSB. HLIB is currently the seventh largest bank in Rhode Island with assets in excess of $277 million.

How the eCD and CD Compare

When compared to the 163 similar length-of-term CDs tracked by DepositAccounts.com, that require a similar minimum deposit and are available nationwide, Home Loan Investment Bank’s 18-month eCD APY currently ranks first.

When compared to the similar length-of-term CDs tracked by DepositAccounts.com, that available to within the Bank’s in-branch market area, Home Loan Investment Bank’s 14-month CD APY currently ranks first, regardless of minimum deposit requirement.

The above rates are accurate as of 7/27/2017.

To search for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Providence CD rates, 1-year CD rates, nationwide deals

Comments
rICH
rICH   |     |   Comment #1
I tried to open the account for an 18 month cd at 3.15% today. I entered tons of information including ss #, address, account numbers for and ach transfer, etc. Everything was fine until it started asking me at the very end some security questions. As far as I know I answered them correctly and yet I was denied. This happened both times I tried to open an account. Be weary because now I have given someone (who knows who) all my personal date and have no idea who has it!. BE WEARY!!!!
deplorable 1
deplorable 1   |     |   Comment #5
Let me guess they started asking some obscure identity verification questions. I really hate it when they farm that out to some third party who then in turn will spell names and streets wrong and when you answer none of the above you get locked out. I wonder if we can open the eCD over the phone?
pwj7050
pwj7050   |     |   Comment #10
The same thing happened to me and my application was denied, but then seconds later a screen popped up saying that my application would be processed!

I also immediately received an email confirming that my app was being processed and that I’d hear from them in a couple of days.

The next day, I received an email asking for a copy of my utility bill which I scanned and emailed them.

Finally, today I got an email saying the account was approved and that I should setup online banking. The email noted that I would need my account number. The only problem is I never received an ACCOUNT NUMBER.

So I called and talked to a nice guy, but he couldn’t answer what was going on but said he’d call me tomorrow, Saturday (they’re open until 1 PM) or Monday.

He seemed like a well meaning guy, but things are a little crazy over there since this is their first foray into online CD’s apparently.

Hopefully, all goes well.
me1004
me1004   |     |   Comment #16
I'm wondering about the savings account, and possibly a checking account (checking account is easiest way to close a CD at maturity). Ken's story simply says the savings account is not available in the online application. OK, but how about once you have the CD, and now have online banking? Can you perhaps then open the savings or a checking account via online banking? pwj7050, perhaps you can let us know if that is possible once you get online banking set up.

This obviously is a great rate, but I so hate facing the delays and stress, and security danger, of cashing in via a mailed check. And mailing a check would lose me a minimum of three days of interest on the other side, and that could easily become a week.

Why can't I just have a checking account, or at least a savings account from which I could ACH or wire out?
Zemo999
Zemo999   |     |   Comment #37
To answer your question, as you, and many of us who follow the best rates and try to open accounts to access them, quite often the banks or CRU's involved are Mickey Mouse operations. Their opening process is likely geared for local customers who can open it at a branch, their reps are usually not terribly knowledgeable about the process, and on and on, so that even if, like myself, you dedicate hours upon hours on hold, days upon days trying to contact someone there who is competent at the process (and even then, the way they've set things up makes opening an account very difficult), it becomes a job in itself. Recently, with a bank promotion at an FCU noted on this site, it literally took me two weeks of calling every day, getting promises of contact constantly failed, front line reps who had to go away for 10 minutes with every question because they didn't know the answers. In mid-process, I really questioned whether this was worth it. I did finally establish the account, but it was really hard work. I think the most disruptive part of the process is the most obvious: When it's a small or local bank that offers a product nation-wide, they're so overwhelmed with the magnitude of responses that the situation becomes chaotic for them. And, of course, waiting until the rush is over, their reps learn the ropes, is not advisable, as the promo rate may disappear any day. It seems to be the price we pay often (not always) for the best rate. Remember the 'good old days' when 0.9% was pretty much the top savings rate, and it rarely, if ever, changed? Ah, the simplicity of earning near-nothing on your investment :-)
Bogie
Bogie   |     |   Comment #41
Two weeks of calling every day? I have never been that desperate. Plenty of other alternatives to choose from these days.

I remember the "good old days" when pass-book savings accounts paid 2%.
deplorable 1
deplorable 1   |     |   Comment #51
2%? I remember them paying 5% and my parent's depositing my birthday cash and showing me the printout of the interest I earned. I was 3-4 years old and I remember asking: "Wait they are paying me money to keep my money in the bank?" My parents replied: "yes son this is called interest". So began a life long obsession with earning the highest interest rate.
?
?   |     |   Comment #23
If you have your credit reports frozen it doesn't matter if you answer the questions properly.
I have one idiotic credit union that had me answer security questions to transfer the proceeds of a maturing CD at that institution to a savings account at the same place.
Since I had a security freeze, it couldn't verify my answers.
The moron CSR that I was talking to said "Duh, there's nothing I can do."
When I told them that I'd be contacting my lawyer and the NCUA, a supervisor approved the transaction.
Needless to say, I'll be closing my accounts with them as my other CD's mature.
The stupidity of some of these financial institutions is beyond the pale.
deplorable 1
deplorable 1   |     |   Comment #2
Strange that they can take your deposit and credit interest through the ACH yet must send you a cashier's check upon maturity. Bank of America slapped a 10 day hold on the last cashier's check I deposited with them. I had to talk with the bank manager to get the hold removed. I think I would get the monthly interest sent back to the funding account with this one. In 18 months their rules may change and allow for ACH withdrawal. It wasn't too long ago when they started offering online accounts. I think I am going to do this deal since this is basically a 4 year rate on a 18 month CD.
me1004
me1004   |     |   Comment #17
Well, maybe not strange, this way they can take several days of float at no interest to you -- all that time delay on the other end is money in their pocket. I they will let you open a CD, why won't they just let you open a checking account too?
Rickny
Rickny   |     |   Comment #33
Did you ask BOA why a 10 day hold? Sold a property in the low six figures that I owned out right and deposited the check at Chase. The funds were available the next day to transfer to another banks savings account.
Rickny
Rickny   |     |   Comment #34
I looked at FDIC regulations on check clearing

wallethub.com/edu/available-funds/11314/
deplorable 1
deplorable 1   |     |   Comment #52
Yes and they said it was because I have not been doing regular large transactions through them. Well they pay 0% APY so I try to avoid doing any large transactions through them whenever possible. I just had to answer a few questions and I think they soft pulled my credit score which was like 800 and then they took off the hold. A good credit score works wonders with banks.
Riley15
Riley15   |     |   Comment #3
I was also interested in this deal but found some concerning items that may be red flags? Looks like they had a cease and desist order against them for shady loans in the past.

https://onlineloanapplication.co.za/home-loan-investment-bank-cease-desist-need-know/

http://www.occ.gov/static/ots/enforcement/97185.pdf

Does anyone know if this is normal or something of a concern??
Prometheus
Prometheus   |     |   Comment #4
Gotta admit: Closure by snail mail check only is a deal killer for me. Problem might relate to hesitancy on part of bank to originate (i.e., push) a large amount of money via ACH. I could understand that. But bank needs to provide option, some sort of free ACH-linked savings or checking account, which would allow customer to PULL funds out using ACH originated external to this bank. Paper checks are SO twentieth century!!
deplorable 1
deplorable 1   |     |   Comment #6
They have a 2% savings account but it doesn't appear that you can open it online................yet. Someone posted that they were working on making it available nationwide. I'm thinking that we could open this CD now, then open a savings account once it becomes available(hopefully within the next 18 months) and transfer CD to savings upon maturity and ACH out through savings. This may be wishful thinking on my part but I'm willing to give it a shot. Worst case scenario get the cashier's check but have the monthly interest credited to the funding account to minimize lost opportunity cost during mailing/check hold.
larry
larry   |     |   Comment #8
I've never heard of this bank which makes me leery and we'll pass if I can't get our money out via ACH. Have to wonder why you can't even wire funds out at maturity. Six months interest penalty for the EWP seems high for 18 month CD. Having said that, I would go for the 14 month CD over this for the same rate if it's available online.
Prometheus
Prometheus   |     |   Comment #13
Hat tip to you. I did not pick that up and you did. You are a smart person.

Yes, of course there should be the option to wire funds out. Absence of that option ALONE is a huge red flag, right alongside the "we only will mail a check" red flag. That's two red flags. I only need one red flag to stand well clear of this "opportunity". Run . . . do not walk . . . in the other direction!
Don1801
Don1801   |     |   Comment #9
I was about to do the 9 month 2.75% Andrews CD when I saw this 18 month 3.15% eCD and decided to save my Andrews application for now. I opened the eCD in less than 15 mins. It was pretty straightforward with security questions at the end. I had some initial concerns about the bank but it seems the complaints against them have more to do with their loan/mortgage side. They are probably trying to shore up capital for their lending side by putting out this attractive rate. They still come out ahead so long as the economy/real estate market stays up.
I ended up not doing a large amount as I didn't want to worry about early withdrawal. I also wanted to hold some funds back and see if there may be other options in two or three months. If they don't pull this rate, I may ladder up & open a second one.
The 3.15% 14 month CD would have been perfect but it can only be opened in person unless one is willing to go down to one of their locations in RI. I didn't check if they had branches in other states. Also, it has a 100k minimum.
You can add beneficiary/joint owner but must enter DOB & SSN of the person. Only issue I had was the lack of immediate ACH withdrawal on maturity. But I have been with my main bank for many years and with previous cashier's checks I have deposited, I give my bank maybe two or three days then call to verify the transaction and the funds usually get released.
me1004
me1004   |     |   Comment #18
Oh, the SS number bit again. If I HAVE to provide the SS number of my beneficiary, then that alone is a deal killer even if they were offering 25% on this CD. There is NO legal requirement for me to have and provide the SS number of my beneficiary.

But even if I could get around that, and it sound like not at this place, the problems in recovering my money at maturity seem too much of a delay, stress and headache.
Smitty in the City
Smitty in the City   |     |   Comment #36
^a little bit paranoid, eh?
A cashier’s check
A cashier’s check   |     |   Comment #11
Once I deposited a cashier’s check in Chase bank into my saving account. Few days later a phone calls comes with a hold placed on the check. The CSR started to explain to me why the hold occurred and I could not believe my ears. He said:
we have to verify with the originator bank if the money was deposited in cash before the check was issued. Then he continue to spell how people launder money from bank A to bank B by buying cashiers checks with unverified cash deposits.
I said to him, the bank is closing my existing CD and is mailing me the proceed, but he was insistent, how did you buy the CD with transfer or cash, I said transfer, he said from what bank was the transfer, I said it was a local bank that closed its doors 2 years ago or was taken over by another bank, I do not remember now.
He said, that is the problem, we can not verify the origination of the funds going back 3 or more transfers, therefore we can not release the funds to you until we can verify the original entry of the funds in the system.
It took 8 months, with back and forth talks with old statements, letters and who knows how many phone calls. Let this be a lesson to all of you, a cashier’s check can be a trouble if your bank follows the rules of the patriot act literally and can make your life miserable especially if the check is substantial in the amount.
Don1801
Don1801   |     |   Comment #12
For large transactions that I intend to deposit the proceeds back to Chase, I always withdraw the initial funding from them. Sometimes, it means sending various amounts from other banks to Chase then transferring the total sum from a Chase account. It may take time initially but it saves me the headache of trying to explain the source of funding later. In your case, the initial funding didn't come from them. Usually if they can see the initial funding came from them, they don't give you a hard time. At least in my case, I have never had my funds held for more than 3-5 business days.
Bogie
Bogie   |     |   Comment #14
@ comment #11, Don't condemn the bank, it's "big brother" government that is punishing all us innocent people while they are attempting to crack down on the criminals laundering money. Of course, some financial institutions carry things to extreme well beyond what the Feds mandate.
?
?   |     |   Comment #22
Don't blame "big brother".
The banks have been caught money laundering so many times it's ridiculous.
And, they just get a fine when caught.
I thought corporations were people.
People that can't be jailed!
deplorable 1
deplorable 1   |     |   Comment #19
In my experience banks are now using the patriot act as a excuse for long hold times. The largest banks seem to be the worst in this regard. I think I will deposit large checks straight into a savings account from now on by using one of those apps that allows you to take a snapshot of your check and then deposit it. This way I will at least be earning interest for 2 weeks if they put a long hold on it. I remember when cashier's checks were treated as cash and instantly available upon deposit as that was the whole point of getting a cashier's check in the first place!
rzelman
rzelman   |     |   Comment #20
Unfortunately banks do put a limit on the amount that can be deposited by a photo app. Vanguard also would not allow me to make large deposits via their mobile app.
deplorable 1
deplorable 1   |     |   Comment #24
Thanks rz I will have to look into those limits. I had no idea since I don't use apps for banking. It's unreal how much of a pain it is becoming to move large amounts of money around quickly and efficiently without large hold times.
rzelman
rzelman   |     |   Comment #28
When it comes to large sums I believe that wiring even for a fee is the most cost effective as at most you'll only lose one day of interest.
DOA
DOA   |     |   Comment #29
One point on wiring. Be sure you contact the receiving institution to verify your account number and the routing number for the wiring instructions that you will provide to the institution sending the wire. Sometimes extra digits are added on to the account number so it is always best to verify the numbers. Also be aware that sometimes the receiving institution will charge you for an incoming wire.
deplorable 1
deplorable 1   |     |   Comment #30
Great info DOA! I was not aware that the the receiving institution also can charge a fee. Is this a common practice?
Anon1234
Anon1234   |     |   Comment #31
It varies from one institution to another, but yes some do charge for incoming wire transfers. So you might incur charges at both the sending and the receiving institution.
deplorable 1
deplorable 1   |     |   Comment #32
Yes it does appear that for large sums it is worth the fee in some circumstances. In this case though it's not a option.
Luvcd
Luvcd   |     |   Comment #25
Stop payment orders can be issued for cashiers checks!
?
?   |     |   Comment #21
The moral of this story is to NOT have any accounts at Chase Bank.
Rickny
Rickny   |     |   Comment #26
I deal with Chase and large checks are credited the next day. If you make a large ACH out of Chase they may contact you to confirm the transaction. I was told they do this when a large transaction is made from an institution you have not used before ...Northern Bank is an example. I get 4 hour ACH from Chase to Vanguard and other institutions no confirmations required . You do have to use your ATM card at the teller to make cash deposits. If you are not an account owner you can not make a cash deposit to someone's account.
TheBombingRange
TheBombingRange   |     |   Comment #45
Regarding an ACH between Chase and Northern, Chase freaked out when I used their site to do a pretty medium-level pull from Northern into Chase last week. They locked the account and my entire login and left me a message, which I called back to, only to insist I give them my full name, DOB, and account number over the phone, which made me feel really uncomfortable. They then insisted on a three way call with Northern in order to verify I had an account there to pull the funds from. I would have agreed if I weren't busy that afternoon and if it weren't after 5 PM when they closed, but I did refuse, especially knowing that the two CSRs at Northern can be very busy sometimes. I tell them just to cancel the transfer and unlock my login instead. They comply, but they also make sure to entirely remove my Northern linkage from Chase, insisting I call them back and wait on hold for a three way call with Northern at a later time, or walk into a branch with two forms of ID for them to re-add the linkage (which I did, only to later find out they had to call Northern anyways while I was standing there). Really frustrating experience for a $10k pull, and I've since started to use Ally as my hub, rather than Chase, where I've been a good customer for years. I agree, moral is don't have a Chase account. Ally's 24/7 US based customer service honestly has not failed me yet, which I most certainly cannot say about my experiences with Chase.
deplorable 1
deplorable 1   |     |   Comment #50
I had a Chase savings and checking account open for a bonus I was doing. I thought they were very restrictive from low ACH transfer limits to long hold times on checks. Their lobby is very strange and has no tellers just self service kiosks. Well they have a teller window in the back around a corner!?! I had to go in there to get a gold medallion signature guarantee stamp as Chase is one of the few banks that offers this service. Their credit cards are great just like Citibank but no way could I do my everyday banking with them as they question every large transaction as if it's a crime to move over $10,000 around. Maybe this changes if you have been with them for a while and make a few large transactions as Rickny's post above suggests.
RJM
RJM   |     |   Comment #15
I would do the 14 month if it was available online to everyone and they had ACH out at the end.

Since they don't, I might not. In a rate rising environment like today, a better deal is likely to come down the pike in short order.

But, I have another CD maturing in a few days so I might change my mind.
CuriousDave
CuriousDave   |     |   Comment #27
Based on their site it seems they do not offer the special for IRAs -- has anyone confirmed
111
111   |     |   Comment #35
Has anyone successfully opened more then 1 of the 18-month eCDs? Or, has anyone been told that customers are allowed to open only one of them, OR conversely that customers are allowed to open more than one of them? Thanks.
Bowman
Bowman   |     |   Comment #38
I opened one and did not see anything in the terms and conditions suggesting you were limited to 1 eCD.
rockies
rockies   |     |   Comment #39
I spoke with CSR today and he said multiple CD's are OK. Also, there is no maximum dollar amount on total CD's acquired.
deplorable 1
deplorable 1   |     |   Comment #42
Great information thank you! I guess you could do a bunch of smaller CD's and then use a mobile deposit app to deposit all the checks directly to a high yield savings account to avoid the long hold times and lost opportunity cost at maturity. Now I just need to figure out which bank allows a decent limit for mobile check deposits.
deplorable 1
deplorable 1   |     |   Comment #43
Ally seems to be the best for mobile check deposits at $50,000/day and $250,000/mo. limit. Most banks have a $5,000 or less daily limit. I may need to open a ALLY account for this deal.
RJM
RJM   |     |   Comment #44
Man, you don't already have an ally account? They are the gold standard for ACH. Other than rate. I am very close to closing my Discover checking & savings. Just no reason to keep them open anymore. Low rate, slow transfers. I did well with the checking for a few years when it was 10 cents per transaction. Still have a ton of Discover rewards I need to use for something. i have like $375 worth. Waiting for a slam dunk gift card issue that just does not seem to be coming. Way back when they had a 50% off BP gift cards. They have some good deals but most of them I don't use. I will buy a groupon GC and a Pep Boys in a few months when I need an oil change I guess but other than those, I don't need anything. And taking cash with no incentive is not a deal.

I will keep the credit card, of course so the rewards will stay forever.
deplorable 1
deplorable 1   |     |   Comment #46
I never had any use for a Ally account because I have been beating their interest rate for ages on multiple accounts. With Ally demand notes(no ACH restrictions), Discover savings/checking(high ACH limits), Redneck/AllAmerica and now Northern consistently beating Ally's rates. Their mobile deposit limit is about the only thing I can't seem to get with my current arsenal of online savings/MMA's. The best thing to go with Discover rewards cash is to buy the $20 for $25 gift cards. I have a ton of rewards cash built up too waiting for the right card deals to come around. Any reason to open a checking account with Ally or would just the savings be ok for mobile deposit/ACH?
RJM
RJM   |     |   Comment #48
I think I have been with Ally since before Discover had bank accounts or I ever heard of AA.

I don't do mobile deposits. But their ACH is good, AFTER you get one day transfers which takes a $200+ transfer into ally from the ally side and then wait 60 days.

I always use my discover card at least for the 5% grocery store deals one quarter a year. I think keeping the large reserve rewards dollars there is better than than taking cash because I might be able to use the discounted gift cards at some point.
Although the more usable cards generally have the lowest discounts. (Except Pep Boys)
deplorable 1
deplorable 1   |     |   Comment #49
The Discover savers account has been around since the 80's I believe. I got one after getting my first major credit card Discover which is also the first rewards credit card introduced in 1985. A bit of history: When the Discover savers account was introduced it was marketed to Discover card holders and they would give a 10% bonus for depositing your tax return. Ally has only been around since the GM bankruptcy.
deplorable 1
deplorable 1   |     |   Comment #47
Oh btw Discover will mail you out a check for the rewards cash if you have no activity on the card for 18 months as in new purchases.
deplorable 1
deplorable 1   |     |   Comment #54
I just pulled the trigger on this eCD today. I passed the identity verification questions and they gave me a account number and the CD terms. I decided to just let the interest compound because they use a daily compounding method credited monthly which is good. I'm waiting for a email in order to set up online access. Now I'm just wondering when they will debit my account as I have my NFCU CD that just matured in transfer to my Redneck account scheduled for Monday 8/6. I just hope the cash is in the account before they try to pull it out. I was in a rush because I'm going on a camping trip early next week and there is no wi-fi or cell service where I go. Does anyone know how long it takes them to pull out the funds?
FrankSavage
FrankSavage   |     |   Comment #56
deplorable 1 -- Do you happen to know which credit reporting agency HLIB uses to verify identity? It would be more convenient and less expensive to temporally unfreeze one agency rather than all of them.
deplorable 1
deplorable 1   |     |   Comment #57
Tough question Frank I really don't know. I did see a warning on the application page that said if you have a credit freeze they won't be able to verify your identity which makes sense. This is precisely the reason I don't do credit freezes as it also stops YOU from applying for credit or in this case getting verified. If I call them tomorrow I will ask though.
Bob W
Bob W   |     |   Comment #55
Tried twice to establish an 18-month 3.15 APY CD and was rejected twice. I have never been rejected by any financial institution and my credit rating is 829. What gives?
deplorable 1
deplorable 1   |     |   Comment #58
It probably has nothing to do with your credit score since your score is rock solid. You will get rejected if you have a credit freeze or if you answer any of those tricky identity verification questions wrong. Those questions were tough! Let me give you a example. I have around 30 credit cards from doing 0% no fee balance transfers and maxing out various 2-5% rewards. So they ask me if I MAY have opened a credit card in 2014 and could it be at A,B,C,D bank or none of the above! Meanwhile there is a time clock ticking away the seconds at the top of the screen cue Jeopardy music. I was like are you flipping kidding me!? That wasn't even the toughest question either. I must have got lucky and nailed them all correctly as this is not my first time running into this type of barrier. I would try calling in and possibly doing a phone app.
Luvcd
Luvcd   |     |   Comment #59
Credit reports are for identification purposes, not for credit. Need to have your requested annual credit reports, etc. in front of you (and anything else they may be using) or apply personally and locally...the latter is what they seemingly want
deplorable 1
deplorable 1   |     |   Comment #60
You can get your score and report plus tools over at mybankrate for free all year long. At least it used to be free back when I signed up years ago.
RJM
RJM   |     |   Comment #61
Since a few of us were talking about credit scores above, I checked mine at credit.com today.

It has 2 different scores.
Score #1 is Vantage 3.0 and I got 829 on a 300-850 scale
Score #2 is Experians National Equivalency Score. I got 840 on a 360-840 scale. (Perfect)

I have been checking those scores for a long time but this is the first time I ever recall getting perfect on one.
Bogie
Bogie   |     |   Comment #62
I have no idea what my credit score is. Never ever had checked on it. What ever it is, my credit score has never interfered with any financial dealings that I have had reason to be involved with.
deplorable 1
deplorable 1   |     |   Comment #63
I can tell you don't do 0% balance transfers RJM. Mine is only 780 currently but that's good with $200,000 in 0% no fee balance transfers plus the usual monthly spending. I think my utilization is only like 15-18% or so. This is why having high credit lines matters as if you don't your score will tank if you do 0% bt's. If I pay off the bt's my score shoots up to 748-749 or near 800 one one model. I don't think I have ever had a perfect score as they penalize you for opening new credit to get better cash back rewards.
RJM
RJM   |     |   Comment #69
Yeah, mine was lower when I was doing the balance transfers. Never got up to $200k because my limits are low because my income is low.

I think my credit score was in the 780 range for a few years years.

I have just checked my score over the years for fun. A high score is not needed by me. But when I stopped doing the credit card deals, it went higher & the lack of inquires helps.

None of my recent bank/CU accounts have done a hard pull either which helps.
deplorable 1
deplorable 1   |     |   Comment #73
I meant to say 848-849 or near 900 in my post above.
deplorable 1
deplorable 1   |     |   Comment #64
Still no email from these guys. I might just call them today if I'm not too busy voting for the primary and packing for a camping trip. I'm just hoping they didn't try to pull the cash from Redneck while it was in transition from NFCU. My guess is that they didn't because they are swamped over there with this deal. I just need to know before I leave or it will drive me nuts.
AaaAaaamen
AaaAaaamen   |     |   Comment #66
so what if i said thank God?
deplorable 1
deplorable 1   |     |   Comment #67
Ok guys I just got off the phone with customer service. They picked up the phone on the first ring! They are using Equifax for the identity verification so if you have a credit freeze with Equifax you will need to unfreeze it first. I asked if they had plans to allow online customers to open a savings or checking account and she could not confirm but she did say that many other people were also asking about that as well. She said that if they do allow it in the future they would send out a email to let us know. So far the only option is a paper check for redemption for now. It also seems that it takes about a week to get this CD opened as she told me she just received my application today and it would take a couple of days for them to receive the deposit and then another couple of days for them to send out the email to set up online access.
Dunmovin
Dunmovin   |     |   Comment #68
Won't do business with those doing business with Equifax
RandomGuy
RandomGuy   |     |   Comment #70
They pulled the plug on the 18 Month eCD!! It's been taken off their website without any explanation.
RJM
RJM   |     |   Comment #71
I snoozed & lost.

They may have brought in plenty of money and/or realized they did not have the staff to handle it.

Another option will come down the pike soon.
deplorable 1
deplorable 1   |     |   Comment #72
I just set up online access today and I don't see anything that would let you sign up for a checking and/or savings account yet although I was able to sign up for estatements. Good thing I snagged this as they seem to have abruptly pulled this deal on the 10th with no notice. My guess is that within 18 months we will have the opportunity to open a checking or savings account and ACH money out if this bank is looking to expand their online presence.
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Home Loan Investment Bank (RI/MA/CT) Raises 5-Year CD Rate
Deal Summary: 5-year CD, 2.50% APY, $1k minimum deposit.

Availability: Market area includes Connecticut, Massachusetts, and Rhode Island

Home Loan Investment Bank (HLIB) ended last week by raising the rate on its 5-year CD (2.50% APY). The minimum opening deposit is $1k, with no stated balance cap.

Added to the product line in November 2010, the 5-year CD is experiencing its highest rate in nearly six years.

The 5-year CD is also offered as an IRA (Traditional, Roth, SEP), earning the same APY with the same funding requirements.

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Higher Long-Term CD Rates at Home Loan Investment Bank in Rhode Island

Home Loan Investment Bank raised its long-term CD rates last week, and now its 5-year and 3-year CD and IRA CD rates are very competitive. Its 5-year CD has a 2.00% APY, and its 3-year CD has a 1.50% APY. Minimum deposit is $1,000. These rates are listed in the bank’s CD page as of 7/29/2013. According to the small print at the bottom of this page rates apply only to residents of RI, MA and CT.

If you’re interested in these CDs, please refer to the bank’s contact page where...

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Top 4-Year CD Rate at Home Loan Investment Bank in Rhode Island - Local Only

Home Loan Investment Bank is advertising three competitive CD rates. The best deal is the 4-year CD with a 2.50% APY. The others are a 2.75% APY 5-year CD and a 2.00% APY 3-year CD. Minimum deposit is $1,000. These rates were advertised in today's (4/17/2011) The Providence Journal. The ad is available online here. The 5-year and 3-year rates are also listed on the bank's home page as of 4/17/2011.

It appears that a branch visit is required to open an account. Home Loan Investment Bank branches are located in...

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Competitive 3-Year CD at Home Loan Investment Bank in Rhode Island

Home Loan Investment Bank, F.S.B. is advertising two special CDs. The best deal is the 3-year CD which has a 2.50% APY. The other one is a 1.75% APY 2-year CD. Minimum deposit is $1,000. Both have a bump-up option which allows for a one-time increase in the CD rate to the current bump up CD rate. These bump-up options are rarely useful, but in this case the 3-year CD rate is still quite competitive even without any special feature. These specials don't seem to be shown at the bank's...

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