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Happy Thanksgiving!


I wanted to wish everyone a Happy Thanksgiving. Thanks for all of your support this year.

Even though this has been a difficult year for savers, it hasn't been all bad news. There have been some good bank deals this year that we can be thankful for. To help remind us of these, I looked back on the year. Here are a few of this year's bank deals that we can be thankful for:

  • The special 2.83% APY 5-year CD at Velocity Credit Union was a nice surprise this November. This is one of the latest nationally available deals, and thankfully, it was extended to November 30th. I have more details in my Velocity Credit Union CD review.
  • You can still get over 4% on a liquid account with the rate guaranteed until mid 2012. It's a free reward checking account at Consumers Credit Union that pays 4.09% APY on balances up to $10K if monthly requirements are met, and the credit union is guaranteeing this until June 30, 2012. There's also an easy way to get a $50 bonus for opening this account.
  • Series I Savings Bonds became a good deal this year compared to bank CDs thanks to higher inflation. For those who purchased I Bonds between May and October, you can make it to be like a 1-year CD with a yield of around 3.30% (see my I Bonds review). If you hold it longer, we don't know what the future returns will be, but at least it will follow inflation as measured by the CPI-U. If you didn't get a chance to buy I Bonds before November, you can still get a good short-term deal that's better than any 1-year CD rates. Don't forget that you will no longer be able to buy paper I Bonds at banks starting next year.
  • 3.33% APY 5-year CD did not last long at U.S. Senate Federal Credit Union, but several readers reported opening this CD before the rate was cut. Thanks to the reader who found out a way for anyone to qualify for membership. The credit union continues to offer some competitive CD and IRA CD rates (see my last review).
  • Many of the best deals were local deals, and probably the best of the local deals this year was the new branch special offered by Visions Federal Credit Union in Rochester, New York. During May and June the credit union offered Rochester residents a 5% 5-month CD and a 3.50% 35-month CD. These were relationship rates that required some work, but they were good deals for those who were eligible.
  • Many PenFed members were able to qualify for the Watch It Grow CD promotion which took effect in January. It offered members CD rates that we may not see again for a long time. These included a 5% APY 10-year CD, a 4.25% APY 7-year CD and a 3.50% APY 5-year CD.

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  |     |   Comment #1
Happy Thanksgiving to you and your family also Ken. Your site is invaluable and keep up the wonderful work. Thanks.
  |     |   Comment #2
Happy Thanksgiving; Ken and everyone!:D

Even though the economy and the overall savings domain were not that satisfactory for the recent months/years, we should all give some thanks for our health, family, and blessings. 

Most importantly, we should all thank Ken for such an informative site and keep the discussions friendly and productive!
  |     |   Comment #3
  |     |   Comment #4
Thank you for all the work that you do to give us a way to garner the best rates in this very difficult time.  Happy Holiday's to all and speaking personally, a better 2012.  
  |     |   Comment #5
Ken, thanks for your efforts in maintaining the site and to all participants for sharing information, opinions and ideas.
  |     |   Comment #7
Happy Thanksgiving to you, too!  I'm so very thankful for all the research that you do and the time you take to share with us.  You've steered me in the right direction (5-yr Ally CDs at almost 3%) many times, and in turn, I've shared your advice with my grown sons.  So our family thanks you!  
  |     |   Comment #8
Happy Thanksgiving to you Ken, yea the year hasnt been all bad. Got in on PendFed 5% and USSFCU 3.33% and also has been helpful living near Institution for Savings and have taken advantage of a few of their specials. Another nice thing is since I know longer work I will pay very little taxes on my interest 
  |     |   Comment #9
Happy Thanksgiving Ken.

  |     |   Comment #10
Thanks a million Ken and Happy Thanksgiving.   Your site is helping us thrive these days.  As seniors it can get rough.
OC Steve
  |     |   Comment #11
Ken-I also want to thank you and other posters for all the great information during the year.  My family and I have been able to earn a little more than we could locally, based upon many out of area specials you have shared with all.  Especially like the credit union easy membership detailed information!
  |     |   Comment #12
I have been following this website since 2006, and the list for all the great deals I was able to take advantage of is too long to list here. When Ken changed the name of the website and completely restructured it, I was skeptical but I was totally wrong because he and his technical partner built the best website on the internet bar none. Ken, I am in awe of what you have been able to accomplish and would like to thank you for your fabulous contributions on behalf of all the savers out there. Happy Thanksgiving to everyone.
  |     |   Comment #13
This is the best site for rates.I go no where else.I also got

in on the 5% Penfed rate(for 3x the original amt of the CD.)Thanks. 
  |     |   Comment #14
I agree .  This site is the best.  Nothing else compares
Mary Grace
  |     |   Comment #15

My 91-yr.old grandmother has benefitted from your site greatly and sings your praises every time she gets her dividend check from PenFed.  We wouldn't have known about that CU without your site.  We want you to know that this fine lady's standard of living has been helped immensely by your tips.  All of us here hope you have a great holiday and better 2012.

MG and the B. Bunch

  |     |   Comment #16
Heartfelt thanks to Ken and his technical partner. This site makes a serious difference in people's lives.
  |     |   Comment #17
What am I most thankful for on this day?? It would be Ken and this website!! You have saved us a bundle of bucks!! Have you ever thought of running for Congress?? This country can sure use a guy like you in Washington!!  Thank you, Ken!!
  |     |   Comment #18
Hey KEN, I know how good it feels to get positive feedback when you have helped someone out.

SWEET, isn't it.
  |     |   Comment #19
Happy Thanksgiving Ken now lets get back to work and let people know how crooked Fort Knox credit union is before they get hurt.
  |     |   Comment #23
hay mak any relation to the author of the count of monte christo/
  |     |   Comment #28
Sorry Ken for ruining your Thanksgiving message with my posts but I thought people would appreciate knowing but it looks like some of them don't, to say the least I am very surprised.
  |     |   Comment #30
Hey mak1118  don't let #29 bother you its the same guy who just keeps changing his name, that is how the amigos work.
  |     |   Comment #33
mak1118 - #28, Saturday, November 26, 2011 - 6:32 PM"

Sorry Ken for ruining your Thanksgiving message with my posts but I thought people would appreciate knowing but it looks like some of them don't, to say the least I am very surprised."

Mak since this issue has been talked about here many times there is no reason to spam it with your experince. Just another thing we need to keep in mind when playing this game 
  |     |   Comment #34
scottj:  Get used to it I have only just begun.
  |     |   Comment #36
I wouldn't expect you or anybody at Fort Knox to lose sleep that is exactly why I want to get the word out. FKFCU and some of their employees do not care about their members just about getting their check, you live with no morals you will meet your maker with no morals.
As you may know
  |     |   Comment #39
there are 13 branches spread out a wide geographic area would it not make more sense and convient to travel to either the closest or where you have accounts
  |     |   Comment #40
I believe the manager I have been talking to is at the Radcliffe branch but now I am not 100% sure but I will ask her, thanks.
  |     |   Comment #42
I reported a problem with Fort Knox credit union last week about a mistake costing me 600.00, I would like to report that Fort Knox took care of the problem in a very professional manner, I am now extremely satisfied with the way  Fort Knox handled it and I am very grateful to the person at Fort Knox that took care of me.
decide for myself
  |     |   Comment #44
I do business with both a bank and credit union. From my experience I see no difference in how members/customers are dealt with in either. Both are in business to make a profit, the motto "people helping people" should be changed to "people helping people, if it benefits us"

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