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Happy New Year!

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Happy New Year! I and my team at DepositAccounts.com wish you and your family a happy, healthy and prosperous New Year. I thank all of you for your support over the last year.

I’ll be spending today with family recovering from last night’s celebrations. My Fed weekly summary and my biweekly CD rate summary will be published on Wednesday.

On Wednesday, we should see which credit unions have changed their CD rates for January. PenFed has already published new January rates. Thanks to DA reader Alan1 for reporting on these new rates in this DA Forum post. Unfortunately, PenFed didn’t increase any of their long-term CDs. Advancial Credit Union has also published their new January rates. Thanks to DA reader SYC for posting on these. Unfortunately, Advancial lowered their CD rates, with long-term CD rates falling the most.

As Alan1 noted in this DA Forum post, there was inversion yesterday on several parts of the Treasury yield curve. Banks and credit unions will probably be hesitant to raise long-term CD rates in this environment.
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14 Comments.
Ally6770
  |     |   Comment #1
Rest and enjoy time with your family. I hope you never get tired of hearing us tell you THANK YOU.
I wish you, your family and all of DA readers a very HAPPY NEW YEAR.
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24
51hh
  |     |   Comment #2
Happy New Year, Ken and all.


It is good to take a break and reflect the passing 2018 and to plan for 2019. I am looking forward to the several thousand-dollar bonuses from Ally. :-)
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12
alan1
  |     |   Comment #3
A happy new year, and many thanks, to the entire depositaccounts.com staff.
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14
stantheman
  |     |   Comment #4
Ken, Best Wishes to you and yours in the coming year!
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12
Kay
  |     |   Comment #5
Happy New Year Ken and all! Appreciate your blog. :)
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16
rockies
  |     |   Comment #6
Happy New Year to Ken, his team and the DA community!! I appreciate all of your advice and insights.
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17
linnie
  |     |   Comment #7
Happy New Year! Thank you so much for this blog.
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10
Cracker
  |     |   Comment #8
It looks like we made it through 2018 without a single bank failure. The last time we saw that was 2006.
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11
2019!!
  |     |   Comment #9
Long time user of this blog (remember Darby?)
Have always appreciated DA, and know that it takes a heck of a lot of work to keep a site like this the way it is.
Thanks very much to you and your staff.
May 2019 be a good year for everyone.
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8
FresnoMan
  |     |   Comment #10
New Year's? They doin that holiday again this year? Have a successful one to all...
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4
Anon
  |     |   Comment #11
I am progressively moving money from big CU's like Penfed and Northwest to smaller ones like Greenwood, NASA, Freedom and Advancial as my CD's mature. It's a pain to open new accounts but necessary to get the best rates. I find the service at these smaller CU's very good.
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4
Ohio
  |     |   Comment #12
I use Fidelity to buy CDs. You can ladder, go single, get monthly interest or term it. All with ease. Check it out.
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5
John Kelly
  |     |   Comment #13
What is going single and terming it?
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2
RJM
  |     |   Comment #14
I think a single means one $1000 CD as they sell in $1000 increments. You can often choose between monthly, quarterly, yearly or end of term for the interest to be paid. I think.
Reply
2

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