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CD Rates Summary September 10, 2019

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CD rate cuts have continued. The big online banks have been steadily cutting their CD rates. A couple of credit unions have come out with noteworthy CD specials, but the best ones don’t last long. An example was the 3% 18-month CD special at AgFed Credit Union. That special lasted less than a week. AgFed’s 18-month CD rate is now down to 2.20% APY.

The interest rate environment slightly improved last week with Treasury yields gaining and the odds of future Fed rate cuts falling a bit. If the Fed follows through next week with a 25 bp rate cut and suggests that more cuts are to be expected, this rate environment improvement may not be the start of a trend. Until we see several weeks of rising Treasury yields and falling odds of Fed rate cuts, it’s likely that we’ll see a continuation of CD rate cuts.

In the last two weeks, noteworthy cuts have occurred at the following banks. A couple of the CDs had multiple cuts in the last two weeks. The totals of the cuts are listed below.

  • Barclays (5yr fell 15 bps to 2.45% APY)
  • Live Oak Bank (1yr fell 5 bps to 2.40% APY)
  • Synchrony Bank (5yr fell 5 bps to 2.55% APY)
  • Discover Bank (7yr fell 5 bps to 2.55% APY)
  • Ally Bank (5yr fell 10 bps to 2.50% APY, 18mo fell 5 bps to 2.45%)
  • Popular Direct (5yr fell 5 bps to 2.40% APY, 1yr fell 5 bps to 2.20% APY)
  • State Bank of India (IL) (Senior Citizens CDs: 5yr fell 41 bps to 2.48% APY, 1yr fell 20 bps to 2.43% APY)
  • Vio Bank (5yr fell 5 bps to 1.95% APY)
  • Citizens Access (5yr fell 25 bps to 2.45% APY, 1yr fell 25 bps to 2.25% APY)
  • Live Oak Bank (5yr fell 20 bps to 2.50% APY)
  • ableBanking (4yr fell 30 bps to 2.30% APY, 2yr fell 10 bps to 2.25% APY)

We have also seen more CD rate cuts at credit unions. However, there were two noteworthy new specials. The credit union rate changes are as follows:

  • USALLIANCE Financial Credit Union (New Special: 15mo at 2.70% APY)
  • USALLIANCE Financial Credit Union (New Special: 9mo at 2.50% APY)
  • AgFed Credit Union (Special: 18mo fell 80 bps to 2.20% APY)
  • PenFed (5yr fell 25 bps to 2.05% APY)
  • Thrivent Federal Credit Union (5yr fell 40 bps to 2.60% APY)

Brokered CD Rates

Only a few of the brokered CD rates went down from two weeks ago. For the top non-callable brokered CDs, the top 1-year rates remained the same: 1.80% at Vanguard and 1.75% at Fidelity. The top 5-year rate fell 20 bps at Fidelity (1.70%). There were no non-callable 5-year CDs at Vanguard this morning.

Parts of the yield curve for brokered CDs continue to be inverted. At both Fidelity and Vanguard, the top 3-month rate (1.95%) is well above the 5-year rate at Fidelity (1.70%) and well above the 4-year rates at Fidelity (1.75%) and Vanguard (1.80%).

Brokered CD rates tend to lead direct CD rates. That would suggest that we could see direct CD rates continue to fall with all direct CD rates heading to below 2.00%.

Falling brokered CD rates is a trend that began in November of last year when the top 5-year rates reached as high as 3.60%.

Non-callable CDs continue to be rare for terms of five years and above. That’s an indication that banks think rates will be falling. The callable feature gives the bank the right to redeem a CD early. That can save the bank money when interest rates fall. However, the CD holder loses out if rates fall and the CD is called early.

Direct CD Rates and Deals

For nationally available CDs, there were only two new noteworthy CD specials. Both are being offered by USALLIANCE Financial Credit Union. One is a 15-month CD (2.70% APY), and the other is a 9-month CD (2.50% APY).

One CD special appeared soon after the last CD summary on August 29th, but it lasted less than a week. AgFed was offering a 3% APY CD with an 18-month term. The rate is now down to 2.20% APY.

Navy Federal CD Deals

Fortunately, Navy Federal is still offering its three Certificate specials: 9-month (2.50% APY), 18-month (3.00% APY), and 5-year (3.25% APY). The 5-year CD rate had been 3.50% APY, but that was reduced on August 19th. That was disappointing, but 3.25% continues to be an exceptional yield that exceeds what’s available at other credit unions and online banks. With Navy Federal being the largest credit union in the nation with over $100 billion in assets, it’s reasonable to expect that these CD specials will last a while. Nevertheless, I’ll be surprised if these 3% rates continue into October.

Minimum deposit for all three of Navy Federal’s Certificates is $1k, and there is no maximum deposit. All three are also available as IRA Certificates. Unlike past Navy Federal specials, these do not allow add-on deposits.

Technically, Navy Federal’s CDs are not nationally available since a military connection is required to join. However, there’s a good chance you are eligible. You only need to have a family member who served in the military at some time in the past. I have more details in my Navy Federal Certificate review.

CD Rates That Became Competitive By Not Falling

Most of the good CD deals in today’s summary are due to rates that have held steady while others have fallen.

One example of this is the 18-month 360 CD at Capital One (2.55% APY). The rate may seem low based on past CDs, but only one bank has a higher nationally available 18-month CD rate, and that CD has a yield that’s only 1 bp higher with a $25k minimum deposit (Merrick Bank). Capital One 360 CDs have no minimum deposit requirement, and Capital One is well known for its easy online CD application and management.

Another example of a CD that became very competitive by the rate holding steady is the 3-year CD at Hughes Federal Credit Union. The 3-year CD has the following rate tiers: 3.10% APY ($99k minimum), 2.99% APY ($50k minimum), and 2.88% APY ($1k minimum). The corresponding IRA CDs even have higher rates. These CD rates have been available since June. Hughes Federal makes it easy for people in any state to join and open these CDs via an online application.

Savings, Money Market Account and No-Penalty CD Rates

The rate leader continues to be FitnessBank’s Savings Account, but the top rate has fallen 25 bps to 2.75% APY. This isn’t the typical savings account. After the first month, you must qualify for the rate by linking a step-tracking app to the account and maintaining a minimum average daily number of steps.

For savings accounts without activity requirements, the top rate is 2.52% APY. This is available at Vio Bank. I doubt this rate will last too long. Vio Bank has been cutting its CD rates since February. Its current 5-year CD rate (1.95% APY) is now much lower than the savings account rate.

There is no longer any bank offering a top rate with a rate guarantee. Northern Bank Direct had been offering a money market account with a 2.50% APY that was guaranteed to last through 2019. This offer ended in August.

Another useful alternative in a falling interest rate environment is the no-penalty CD. This offers the rate lock of a CD and much of the liquidity of a savings account. The downside is that the rate isn’t as high as a standard CD with a similar term. Only a few online banks are offering them, and like other CDs, their rates have been falling. Last week, Ally Bank reduced the rate of its 11-month No Penalty CD rate by 10 bps. The top tier rate is now 2.10% APY for a $25k minimum deposit. Marcus by Goldman Sachs currently offers the best no-penalty CDs (2.25% APY, 7-month; 2.20% APY 11-month; 2.15% APY, 13-month - $500 minimum).

A no-penalty CD is most useful if you already have a savings account at one of these banks. In those cases, it’s easy to open the no-penalty CD with money from the savings account. If rates keep declining and you don’t need that money, just leave the money alone in the no-penalty CD. If you find a better deal or if you need the money, close the CD without penalty and transfer it back into the savings. It’s an easy way to earn more on your savings with little hassle and with no significant loss of liquidity.

My next update on all of the top savings and money market accounts will be next week. Here's the link to last week's savings/checking account summary. You can always get the latest rates for savings/checking accounts and CDs by using our rate tables, available via the navigational menu on top.

Federal Reserve and Interest Rate Summary

This is my new weekly summary with the Fed review split off on a separate blog post. My weekly summaries will now be focused entirely on deposit rates and deals. Please keep all discussion about the Fed, the economy and politics to my Fed/Economy review blog post.

Yields Accurate as of September 10, 2019

Under 1-Year CD Rates

InstitutionRatesNotes
USALLIANCE Financial2.50% ($500) 9-month CD SpecialEasy membership See review
Navy Federal Credit Union2.50% ($1k) 9-month Certificate SpecialMilitary relationship See review
nbkc2.50% ($10k) 10-month Certificate Special
Communitywide FCU2.35% ($2k) 6-month Share CertificateEasy membership Account review
TAB Bank2.30% ($1k) 9-month CDInternet bank See review
CD Bank2.35% ($10k) 6-month CDInternet bank See review
CD Bank2.30% ($10k) 9-month CDInternet bank See review
MutualOne Bank2.27% ($500) 7-month Online CD See review
Merrick Bank2.26% ($25k) 6-month CDInternet bank Account review
Marcus by Goldman Sachs2.25% ($500) 7-month No-Penalty CD (NTS)**Internet bank See review
Customers Bank2.25% ($25k)Ascent Money Market Savings (rate guarantee through 12/31/2019 - Account review
My eBanc2.25% ($100k), 2.15% ($10k) 11-month Flex Time Deposit See review
WebBank2.20% ($2.5k) 6-month CD See review
BrioDirect2.20% ($500) 9-month CDInternet bank See review
Marcus by Goldman Sachs2.20% ($500) 11-month No-Penalty CD (NTS)**Internet bank See review
Sun East Federal Credit Union2.20% ($5k) MAX-Yield Money Market Account (13 month guarantee)Easy membership See review
Advancial2.16% ($50k) 6-month Jumbo CertificateEasy membership See review
Marcus by Goldman Sachs2.15% ($500) 13-month No-Penalty CDInternet bank See review
Limelight Bank2.15% ($1k) 6-month CDInternet bank See review
DollarSavingsDirect2.15% ($1k) 6-month CDInternet bank See review
EmigrantDirect2.15% ($1k) 6-month CDInternet bank See review
MySavingsDirect2.15% ($1k) 6-month CDInternet bank See review
Live Oak Bank2.15% ($2.5k) 6-month CDInternet bank Account review
Virtual Bank2.15% ($10k) 9-month eCD See review
Advancial2.14% ($50k) 3-month Jumbo CertificateEasy membership See review
NASA Federal Credit Union2.10% ($10k) 9-month CDEasy membership See review
Ally Bank2.10% ($25k), 1.95% ($5k) No-Penalty 11-month CDInternet bank See review
Investors eAccess2.05% ($500) 6-month No Penalty CDInternet bank - Account review
Andrews Federal Credit Union2.05% ($1k) 8-month Certificate SpecialEasy membership See review
Fidelity Brokered CD1.95% (APR) 3-month non-callable CDIssued by CSPA*
The Vanguard Group Brokered CD1.95% (APR) 3-month non-callable CDIssued by MRBI*
Fidelity Brokered CD1.85% (APR) 6-month non-callable CDIssued by CBRI*
The Vanguard Group Brokered CD1.85% (APR) 6-month non-callable CDIssued by CBRI, EWB*
Fidelity Brokered CD1.80% (APR) 9-month non-callable CDIssued by BoA*

Noteworthy Local Deals - Under 1-Year CDs

Advantage Plus Federal Credit Union4.00% (up to $50k), 2.25% ($50k+) 9-month Share Certificate Special5 Idaho and 1 Wyoming counties See review
Share Point Credit Union3.00% ($10k max) eSavings, 2 year rate guarantee7 Minnesota counties See review
First Peoples Community Federal Credit Union2.60% ($500) 9-month CD Promo3 Maryland, 3 Pennsylvania, and 3 West Virginia counties See review
Westmark Credit Union2.45% ($500) 9-month CD34 Idaho counties See review
Bankers Trust Company2.40% ($1k, base rate) 7-10 month Pick-a-Term CDIowa and Arizona See review
Taunton Federal Credit Union2.40% ($250) 9-month eCertificate SpecialBristol County (MA) and most of Rhode Island See review
Leominster Credit Union2.40% ($1k) 9-month Term Share CD Special6 Massachusetts counties See review
Guardian Credit Union2.27% ($10k) 11-month No-Penalty CD13 Alabama counties See review
Dime Community Bank2.25% ($500) 14-month No-Penalty CDNew York State See review
Linn Area Credit Union2.25% ($1k) 9-month CD22 eastern Iowa counties See review
CoreFirst Bank & Trust2.22% ($1k) 9-month CD Special 3 eastern Kansas counties and 1 Colorado county
1st Financial Federal Credit Union2.01% ($1k) 8-month CertificateSt. Charles and St. Louis Counties, City of St. Louis
Ardent Credit Union2.00% ($100) 13-month No-Penalty CD5 SE Pennsylvania counties See review
Westbury Bank2.00% ($500) 9-month CDEastern Wisconsin See review
Advantage Federal Credit Union2.00% ($500) 5-month Share Certificate SpecialRochester, NY area See review
Providence Bank2.00% ($2.5k) 9-month CD Special 7 Missouri and 1 Illinois counties See review

1-Year CD Rates

GTE Financial3.30% ($500) 12-month Add-On IRA SpecialEasy membership See review
Credit Union of Denver2.75% ($5k) 13-month CD SpecialEasy membership See review
BrioDirect2.50% ($500) 12-month CDInternet bank See review
First National Bank of America2.50% ($1k) 1-year CD
TotalDirectBank2.50% ($25k min) 12-month CDInternet Bank
SallieMae Bank2.45% ($2.5k) 12-month CDAccount review
Synchrony Bank2.45% ($2k) 14-month CD (NTS)**Account review
State Bank of India (IL)2.43% ($2.5k) 1-year Senior Citizen CD
State Bank of India2.42% ($25k) 12-month Senior Citizen CD See review
Quontic Bank2.40% ($1k) 1-year CD
Limelight Bank2.40% ($1k) 12-month CDInternet bank See review
Rising Bank2.40% ($1k) 1-year Term CDInternet bank Account review
Comenity Direct2.40% ($1.5k) 1-year CDInternet bank Account review
Live Oak Bank2.40% ($2.5k) 1-year CDInternet bank Account review
Pacific National Bank2.40% ($10k) 13-month Online Promotional CDInternet bank Account review
Merrick Bank2.40% ($25k) 12-month CDInternet bank Account review
TIAA Bank2.36% ($5k) 1-year Yield Pledge CD Internet bank See review
Colorado Federal Savings Bank2.35% ($5k) 12-month CDInternet bank Account review
Ally Bank2.35% ($25k) High-Yield 12-month CDInternet bank See review
Alliant Credit Union2.35% ($25k) 12-17 month Jumbo Share CertificateInternet bank See review
First Internet Bank2.32% ($1k) 12-month CDInternet bank See review
The Vanguard Group Brokered CD1.80% (APR) 1-year non-callable CDIssued by WFB*
State Bank of India (IL)2.32% ($2.5k) 1-year CD
Fidelity Brokered CD1.75% (APR) 1-year non-callable CDIssued by BHAP, BoA, CATH, GSB, NYCM*

Noteworthy Local Deals - 1-Year CDs

Space Coast Credit Union2.83% ($500) 12-month IRA29 Florida counties See review
APG Federal Credit Union2.75% ($100) 13-month CD SpecialCecil and Harford Counties and portions of Baltimore County, MD See review
EECU2.75% ($1k) 13-month CD SpecialEMR for Texas residents See review
Premier Credit Union2.75% ($100k) 12-month Jumbo Certificate22 eastern Iowa counties See review
Centric Bank2.70% ($1k) 13-14 month CD SpecialCumberland and Dauphin Counties, PA See review
First Florida Credit Union2.69% ($50k) 13-month CD Special29 Florida counties See review
Verve, a Credit Union2.63% ($1k) 13-month CD Special21 Wisconsin and 2 Minnesota counties See review
Greater Iowa Credit Union2.55% ($1k) 14-month CD Special 33 Iowa counties See review
Cross River Bank2.50% ($500) 12-month CDNew Jersey See review
Cornerstone Financial Credit Union2.50% ($500) 14-month Regular Certificate SpecialEasy membership for Tennessee and Kentucky residents See review
Baton Rouge Telco Federal Credit Union2.45% ($500) 12-month Share Certificate10 Louisiana parishes See review
St. Jean's Credit Union2.25% ($500) 11-month CD SpecialEssex, Middlesex, Suffolk Counties, Massachusetts See review
Ardent Credit Union2.00% ($100) 13-month No-Penalty CD5 SE Pennsylvania counties See review

18-month CD Rates

Navy Federal Credit Union3.00% ($1k) 18-month Certificate SpecialMilitary relationship See review
USALLIANCE Financial2.70% ($500) 15-month CD SpecialEasy membership See review
Merrick Bank2.56% ($25k) 18-month CD (NTS)**Internet bank Account review
Hanscom Federal Credit Union2.50% ($1k) 19-month CD SpecialEasy membership See review
Live Oak Bank2.50% ($2.5k) 18-month CDAccount review
Rising Bank2.50% ($25k) 18-month Rising CDAdd-on & Bump-up options, Internet bank Account review
Limelight Bank2.45% ($1k) 18-month CDInternet bank See review
Sallie Mae Bank2.45% ($2.5k) 18-month CD Internet bank See review
Pacific National Bank2.40% ($1k) 18-month Online Promo CD Internet bank See review
First Internet Bank2.38% ($1k) 18-month CDInternet bank See review
State Bank of India (IL)2.37% ($2.5k) 15-month CD Special
Andrews Federal Credit Union2.25% ($1k) 17-month Certificate SpecialEasy membership See review
AgFed Credit Union2.20% ($1k) 18-month CDEasy membership See review
Premier America Credit Union2.02% (3.00% 60-month CD closed after 18 months)Easy membership See review
Capital One1.90% 18-month 360 CD (NTS)**Account review
The Vanguard Group Brokered CD1.80% (APR) 18-month non-callable CDIssued by WFB*
Fidelity Brokered CD1.80% (APR) 18-month non-callable CDIssued by WFB*

Noteworthy Local Deals - 18-Month CDs

Aventa Credit Union3.04% ($500) 18-month Ascent CD Special9 south central Colorado counties See review
Advantage Plus Federal Credit Union3.00% ($500) 19-month Share Certificate Special5 Idaho and 1 Wyoming counties See review
AmeriCU2.95% ($1k) 15-month Partner Certificate9 Central/Northern New York counties See review
Verve, a Credit Union2.84% ($1k) 19-month CD Special21 Wisconsin and 2 Minnesota counties See review
Asian Bank2.80% ($1k) 18-month CD SpecialSE Pennsylvania, New York City, portions of south New Jersey, northern Delaware See review
True Sky Credit Union2.75% ($1k) 28-month CD Special8 central Oklahoma counties See review
Premier Credit Union2.75% ($10k) 20-month Jumbo Certificate22 eastern Iowa counties See review
Charlotte Metro Credit Union2.75% ($100k) 18-month Senior Jumbo Share Certificate7 North Carolina and 3 South Carolina counties See review
Cobalt Credit Union2.75% ($100k), 2.75% ($1k) 18-month Term Share Certificate7 Nebraska and 9 Iowa counties See review
Azura Credit Union2.63% ($500) 18-month Share Certificate Special45 Kansas counties See review
Granite Credit Union2.45% ($500) 18-month Alumni CDSalt Lake County, Utah See review
Empower Federal Credit Union2.40% ($100k), 2.45% ($50k), 2.40% ($25k), 2.25% ($10k), 2.20% ($5k) 18-month Share CertificateCentral and Western New York State See review
Members First Credit Union2.31% ($1k) 15-month CD SpecialMichigan See review

2-Year CD Rates

Hughes Federal Credit Union2.94% ($99k) 29-month Jumbo CDEasy membership See review
Transportation Federal Credit Union2.86% ($100k) 2-year Jumbo Share CertificateEasy membership See review
Hughes Federal Credit Union2.84% ($50k) 29-month Mini-Jumbo CDEasy membership See review
Transportation Federal Credit Union2.83% ($1k) 2-year Share CertificateEasy membership See review
MAC Federal Credit Union2.80% ($1k) 24-month Promotion CD (NTS)**Easy membership See review
Credit Union of the Rockies2.75% ($1k) 24-month Promotion CDPossible easy membership See review
First National Bank of America2.60% ($1k) 24-35 month CD
TotalDirectBank2.60% ($25k) 24-month CDInternet Bank
Prime Alliance Bank2.55% ($500) 24-month CD (NTS)**See review
USALLIANCE Financial2.50% ($500) 24-month CD (NTS)**Easy membership See review
Live Oak Bank2.50% ($2.5k) 2-year CDInternet bank Account review
State Bank of India (IL)2.48% ($2.5k) 2-year Senior Citizen CD
Bank5 Connect2.45% ($500) 24-month Investment CD (unlimited deposits)Internet bank See review
Georgia Banking Company2.45% ($500) 2-year Certificate See review
Rising Bank2.45% ($1k) 2-year Term CDInternet bank Account review
Comenity Direct2.45% ($1.5k) 2-year CDInternet bank Account review
SallieMae Bank2.45% ($2.5k) 24-month CDAccount review
First Internet Bank2.43% ($1k) 24-month CDInternet bank See review
Quontic Bank2.40% ($1k) 2-year CD
Nationwide by Axos Bank2.40% ($500) 24-month CDInternet bank Account review
State Bank of India (IL)2.37% ($2.5k) 2-year CD
AgFed Credit Union2.35% ($1k) 24-month CDEasy membership See review
Premier America Credit Union2.27% (3.00% 60-month CD closed after 2 years)Easy membership See review
The Vanguard Group Brokered CD1.85% (APR) 2-year non-callable CDIssued by GSB, WFB*
Fidelity Brokered CD1.85% (APR) 2-year non-callable CDIssued by GSB, WFB*

Noteworthy Local Deals - 2-Year CDs

Arsenal Credit Union3.25% ($500) 24-month CDSt. Louis metropolitan area (MO and IL) See review
ELGA Credit Union3.10% ($25k) 27-month CD Special6 Michigan counties See review
Encompass Credit Union3.04% ($500) 24-month CDClinton, Howard, and Tipton Counties, Indiana See review
APG Federal Credit Union3.00% ($100) 23-month CD SpecialCecil and Harford Counties and portions of Baltimore County, MD See review
PSECU3.00% ($500) 24-month CDEasy membership in Pennsylvania See review
Consumers Credit Union (MI)3.00% ($1k) 25-month CD SpecialMichigan's Lower Peninsula See review
AmeriCU3.00% ($1k) 24-35 month Partner Certificate9 Central/Northern New York counties See review
Verve, a Credit Union2.94% ($1k) 22-month CD Special21 Wisconsin and 2 Minnesota counties See review
CommonWealth One Federal Credit Union2.81% ($100k), 2.76% ($50k) 24-month Share Certificate (NTS)**Easy membership for VA, MD, DC, WV, NC, KY, TN residents See review
Greater Iowa Credit Union2.80% ($1k) 24-month CD Special 33 Iowa counties See review

3-Year CD Rates

Hughes Federal Credit Union3.10% ($99k) 36-month Jumbo CDEasy membership See review
MAC Federal Credit Union3.00% ($1k) 36-month Promotion CD (NTS)**Easy membership See review
Hughes Federal Credit Union2.99% ($50k) 36-month Mini-Jumbo CDEasy membership See review
Dow Employees' Credit Union2.76% ($1k) 36-month Simple CDEasy membership See review
Prime Alliance Bank2.65% ($500) 36-month CD (NTS)**See review
First National Bank of America2.65% ($1k) 36-47 month CD
USALLIANCE Financial2.60% ($500) 36-month CD (NTS)**Easy membership See review
TotalDirectBank2.60% ($25k) 36-month CD (NTS)**Internet Bank
Premier America Credit Union2.53% (3.00% 60-month CD closed after 3 years)Easy membership See review
Northpointe Bank2.50% ($1k) 35-month CD Special (NTS)** Account review
Comenity Direct2.50% ($1.5k) 3-year CDInternet bank Account review
Connexus Credit Union2.50% ($5k) 36-month Share CertificateEasy membership See review
GiftsForBanking2.50% ($25k) 3-year CD Gifts (NTS)**Internet Bank
State Bank of India (IL)2.48% ($2.5k) 3-year Senior Citizen CD
State Bank of India2.48% ($25k) 3-year Senior Citizen CD See review
First Internet Bank2.45% ($1k) 36-month CDInternet bank See review
State Bank of India (IL)2.37% ($2.5k) 3-year CD
Bank5 Connect2.40% ($500) 36-month Connect CDInternet bank See review
Thrivent Federal Credit Union2.30% ($1k) 36-month Share CertificateReligious affiliation See review
The Vanguard Group Brokered CD1.85% (APR) 3-year non-callable CDIssued by GSB, WFB*
Fidelity Brokered CD1.85% (APR) 3-year non-callable CDIssued by GSB, WFB*

Noteworthy Local Deals - 3-Year CDs

Money One Federal Credit Union3.60% ($25) 3-year IRAPrince George's County, Maryland See review
AEA Federal Credit Union3.50% ($1k) 30-month CD Special, w/checkingLa Paz and Yuma Counties, AZ See review
American United Federal Credit Union3.35% (no Bump), 3.25% (Bump) ($500) 36-month Share CertificateSalt Lake and Tooele Counties, Utah See review
AEA Federal Credit Union3.25% ($1k) 30-month CD SpecialLa Paz and Yuma Counties, AZ See review
PSECU3.25% ($500) 36-month CDEasy membership in Pennsylvania See review
Unitus Credit Union3.25% ($500) 36-month CDWashington State and 15 Oregon counties See review
Peoples Bank3.22% ($2.5k) 33-month CDPointe Coupee and East Baton Rouge Parishes, Louisiana See review
Keesler Federal Credit Union3.21% blended ($100k) 30-month Jumbo Step CertificateEasy membership for Louisiana and Texas See review
P1CU3.15% ($500) 36-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
EFCU Financial3.15% ($100k) 36-month Jumbo IRA9 Louisiana parishes See review
Keesler Federal Credit Union3.10% blended ($1k) 30-month Step CertificateEasy membership for Louisiana and Texas See review
Woodruff Federal Savings & Loan Assocation3.03% ($1k) 36-month CD5 upstate South Carolina counties See review
Azura Credit Union3.01% ($500) 30-month Bump Rate Share Certificate Special45 Kansas counties See review
The Pioneer Savings Bank3.00% ($500) 3-year CD SpecialGreater Cleveland metro area See review
Signature Bank3.00% ($1k) 36-month No Penalty CD SpecialAtlanta 29-County Metropolitan Statistical Area See review
Charlotte Metro Credit Union3.00% ($50k) 3-year Jumbo Share Certificate7 North Carolina and 3 South Carolina counties See review
CommonWealth One Federal Credit Union2.91% ($100k), 2.86% ($50k) 36-month Share Certificate (NTS)**Easy membership for VA, MD, DC, WV, NC, KY, TN residents See review

4-Year CD Rates

MAC Federal Credit Union3.10% ($1k) 48-month Promotion CD (NTS)**Easy membership See review
State Department Federal Credit Union2.93% ($500) 48-month IRA CertificateEasy membership
Hanscom Federal Credit Union2.85% ($1k) 48-month CD SpecialEasy membership See review
Latino Credit Union2.80% ($200k) 48-month Jumbo CD Easy membership See review
First National Bank of America2.75% ($1k) 48-59 month CD
Prime Alliance Bank2.70% ($500) 48-month CD See review
Pen Air Federal Credit Union2.70% ($500) 48-month CDEasy membership
Navy Federal Credit Union2.70% ($100k), 2.55% ($1k) 4-year CD (NTS)**Military relationship See review
University Federal Credit Union2.70% ($100k) 48-month Fixed Jumbo CDEasy membership
Premier America Credit Union2.65% (3.00% 60-month CD closed after 4 years)Easy membership See review
MainStreet Bank2.60% ($500) 4-year CD (NTS)** See review
Georgia Banking Company2.55% ($500) 4-year Certificate See review
Comenity Direct2.55% ($1.5k) 4-year CDInternet bank Account review
Connexus Credit Union2.50% ($5k) 42-month Share CertificateRenewals only - Easy membership See review
State Bank of India2.48% ($25k) 4-year Senior Citizen CD See review
First Internet Bank2.47% ($1k) 48-month CDInternet bank See review
Thrivent Federal Credit Union2.45% ($1k) 48-month Share CertificateReligious affiliation See review
The Vanguard Group Brokered CD1.85 (APR) 4-year non-callable CDIssued by COBNA, COBUSA*
Fidelity Brokered CD1.75% (APR) 4-year non-callable CDIssued by ENER*

Noteworthy Local Deals - 4-Year CDs

American United Federal Credit Union3.45% (no Bump), 3.35% (Bump) ($500) 48-month Share CertificateSalt Lake and Tooele Counties, Utah See review
EFCU Financial3.30% ($100k) 48-month IRA9 Louisiana parishes See review
P1FCU3.25% ($500) 48-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
AmeriCU3.20% ($1k) 48-59 month Partner Certificate9 Central/Northern New York counties See review
EFCU Financial3.20% ($500) 48-month IRA9 Louisiana parishes See review
EFCU Financial3.20% ($100k) 48-month CD9 Louisiana parishes See review
Mutual First Federal Credit Union3.12% ($1k) 43-month CD Special1 Iowa and 3 Nebraska counties See review
EFCU Financial3.10% ($500) 48-month CD9 Louisiana parishes See review
Pelican State Credit Union3.10% ($500) 48-month Share CertificateEasy membership in AR, LA, MS, TX See review
DEXSTA Federal Credit Union3.04% ($1k) 48-month CD SpecialNew Castle County (DE) and Cecil County (MD) See review
CommonWealth One Federal Credit Union3.01% ($100k), 2.96% ($50k) 48-month Share Certificate (NTS)**Easy membership for VA, MD, DC, WV, NC, KY, TN residents See review
Hills Bank3.00% ($500) 51-month CD SpecialIowa See review
PSECU2.75% ($500) 48-month Add-On CDEasy membership in Pennsylvania See review

5-Year CD Rates

Navy Federal Credit Union3.25% ($1k) 5-year CDMilitary relationship See review
Signature Federal Credit Union3.20% ($100k) 5-year Jumbo Share CertificateEasy membership
State Department Federal Credit Union3.19% ($500) 60-month IRA CertificateEasy membership
Signature Federal Credit Union3.10% ($50k) 5-year Share CertificateEasy membership
Affinity Plus Federal Credit Union3.00% ($500) 60-month CDEasy membership
Premier America Credit Union3.00% ($1k) 60-month CDEasy membership See review
Hanscom Federal Credit Union3.00% ($1k) 60-month CD (NTS)**Easy membership See review
Hiway Federal Credit Union3.00% ($25k), 2.90% ($10k), 2.80% ($500) 60-month CertificateEasy membership See review
State Department Federal Credit Union2.98% ($500) 60-month CertificateEasy membership
Transportation Federal Credit Union2.98% ($100k) 5-year Jumbo CDEasy membership See review
Pen Air Federal Credit Union2.95% ($500) 60-month CD (NTS)**Easy membership See review
University Federal Credit Union2.95% ($100k) 60-month Fixed Jumbo CDEasy membership
First National Bank of America2.85% ($1k) 60-month CD
Transportation Federal Credit Union2.78% ($1k) 5-year CDEasy membership See review
Prime Alliance Bank2.75% ($500) 60-month CD See review
GiftsForBanking2.75% ($25k) 5-year CD Gifts (NTS)**Internet Bank
Northpointe Bank2.70% ($1k) 60-month CD (NTS)** Account review
Andrews Federal Credit Union2.60% ($1k) 55-month Certificate SpecialEasy membership See review
Thrivent Federal Credit Union2.60% ($1k) 60-month Share CertificateReligious affiliation See review
Home Loan Investment Bank2.60% ($2.5k) 5-year eCD See review
State Bank of India (IL)2.48% ($2.5k) 5-year Senior Citizen CD
State Bank of India2.48% ($25k) 5-year Senior Citizen CD See review
Fidelity Brokered CD1.70% (APR) 5-year non-callable CDIssued by BoDF, CELT*

Noteworthy Local Deals - 5-Year CDs

American United Federal Credit Union3.60% (no Bump), 3.50% (Bump) ($500) 60-month Share CertificateSalt Lake and Tooele Counties, Utah See review
SAFE Credit Union3.38% ($100k), 3.27% ($50k), 2.76% ($1k) 60-month Investment Certificate7 South Carolina counties See review
P1FCU3.35% ($500) 60-month Share Certificate15 Idaho and 8 Oregon counties, all of Washington State See review
Shell Federal Credit Union3.35% ($50k), 3.30% ($500) 60-month Share CertificateHarris County, Texas See review
EFCU Financial3.35% ($100k) 60-month Jumbo IRA9 Louisiana parishes See review
Greenville Heritage Credit Union3.35% ($100k), 3.25% ($50k), 3.15% ($1k) 60-month Fixed CDGreenville County, South Carolina See review
Guardian Credit Union3.30% ($500) 60-month CD13 Alabama counties See review
AmeriCU3.30% ($1k) 60-72 month Partner Certificate9 Central/Northern New York counties See review
DEXSTA Federal Credit Union3.29% ($1k) 60-month CD SpecialNew Castle County (DE) and Cecil County (MD) See review
Arsenal Credit Union3.25% ($500) 60-month CD4 Illinois and 9 Missouri counties, City of St. Louis See review
Advantage Plus Federal Credit Union3.25% ($500) 60-month Share Certificate5 Idaho and 1 Wyoming counties See review
CommonWealth One Federal Credit Union3.21% ($100k), 3.16% ($50k) 60-month Share Certificate (NTS)**Easy membership for VA, MD, DC, WV, NC, KY, TN residents See review
Pelican State Credit Union3.20% ($500) 60-month Share CertificateEasy membership in AR, LA, MS, TX See review
Southland Credit Union3.15% ($100k) 5-year Jumbo Share Certificate (NTS)**Orange and Los Angeles Counties, CA See review
Maine Savings Credit Union3.14% ($500) 66-month CDEasy membership in Maine See review
Signal Financial Federal Credit Union3.10% ($500) 60-month Share CertificateEMR for Maryland, Virginia, District of Columbia See review
All In Credit Union3.09% ($1k) 60-month CD5 SE Alabama counties, Mobile Bay area, Florida's Emerald Coast; military relationshipSee review
URW Community Credit Union3.09% ($2.5k) 5-year CD1 North Carolina and 3 Virginia counties See review
Financial One Credit Union3.03% ($1k) 58-month CD SpecialAnoka County (MN), Northeast MinneapolisSee review
Saginaw Medical Federal Credit Union3.01% ($500) 60-month Share CertificateMichigan See review
PSECU3.00% ($500) 60-month Add-On CDEasy membership in Pennsylvania See review
Wildfire Credit Union3.00% ($500) 62-month CD SpecialAll Michigan counties
Southland Credit Union3.00% ($1k) 5-year Share Certificate (NTS)**Orange and Los Angeles Counties, CA See review
Beacon Federal Credit Union3.00% ($1k) 60-month CDEastern Harris County, Texas See review

Over 5-Year CD Rates

Andrews Federal Credit Union3.05% ($1k) 84-month Share CertificateEasy membership See review
Navy Federal Credit Union3.05% ($100k), 3.10% ($1k) 7-year CDMilitary relationship See review
M.Y. Safra Bank3.00% ($100k) 84-month Jumbo CD (NTS)** Internet bank See review
Navy Federal Credit Union3.00% ($100k), 3.05% ($1k) 6-year CDMilitary relationship See review
First National Bank of America2.95% ($1k) 84-month Time CD
First National Bank of America2.90% ($1k) 72-month CD
Northrop Grumman Federal Credit Union2.90% ($40k) 84-month Bonus Term CDEasy membership See review
Apple Federal Credit Union2.80% ($500) 120-month CD
Fidelity Brokered CD2.05% (APR) 10-year non-callable CDIssued by CELT*
The Vanguard Group Brokered CD2.00% (APR) 10-year non-callable CDIssued by CELT*
Fidelity Brokered CD1.95% (APR) 7-year non-callable CDIssued by CELT*
The Vanguard Group Brokered CD1.85 (APR) 7-year non-callable CDIssued by ENER*

Noteworthy Local Deals - Over 5-year CDs

Signal Financial Credit Union3.35% ($500) 72-month Share Certificate Easy membership for residents of MD, VA, and DC See review
Gesa Credit Union3.25% ($100k) 3.00% ($50k) 2.75% ($500) 84-month CertificateWashington State Account review
First Community Credit Union3.00% ($500) 72-month CD5 Missouri and 3 Illinois counties Account review
Fairfax County Credit Union3.00% ($2.5k) 72-month Share CertificateFairfax County, Virginia Account review
Selco Community Credit Union2.80% ($500) 7-year CD27 Oregon counties
Lebanon Federal Credit Union2.80% ($500) 66-month CD SpecialLebanon County, Pennsylvania
Security Credit Union2.80% ($1k) 6-year Share CertificateMichigan

* BHAP (Bank Hapoalim), BoA (Bank of America), BoDF (Bank of Deerfield), CATH (Cathay Bank), CBRI (Citizens Bank NA Providence RI), CELT (Celtic Bank), ENER (Enerbank USA), GSB (GS Bank), MRBI (Merchants Bank of Indiana), NYCM (New York Community Bank), WFB (Wells Fargo Bank)

**New to Summary

CDs Removed Due To Low Rates Or Expired Specials

CDs Removed, No Longer Available - Nationwide

Northern Bank Direct2.50% Money Market, rate guarantee through 12/31/2019Internet bank See review
Consumers Credit Union2.60% ($100k) 22-month Jumbo CD SpecialEasy membership Account review

CDs Removed, No Longer Available - Local

Consumers Credit Union (MI)2.25% ($2.5k) Splish Splash Savings (1 year rate guarantee)Michigan's Lower Peninsula - Account review
Kellogg Community Credit Union2.50% ($500) 9-month CD Special15 West Michigan counties See review
Kellogg Community Credit Union3.00% ($500) 19-month CD Special15 west Michigan counties See review
Teachers Credit Union3.09% ($1k) 25-month CD SpecialIndiana and 2 southwest Michigan counties See review
Kellogg Community Credit Union3.15% ($500) 29-month CD Special15 west Michigan counties See review
A+ Federal Credit Union2.72% ($1k) 19-month CD SpecialEasy membership for Texas residents See review
Collins Community Credit Union3.29% ($250k), 3.24% ($100k), 3.19% ($50k), 3.13% ($10k), 3.09% ($1k) 37-month Certificate Special38 eastern Iowa counties See review
Du Trac Community Credit Union3.25% ($5k) 48-month Bump Up Certificate Special16 Iowa, 4 Illinois, and 1 Wisconsin counties See review

CDs Removed, Rate Too Low - National

None

CDs Removed, Rate Too Low - Local

Homeland Credit Union2.25% ($75k) 18-month Jumbo CD9 Ohio counties See review
Homeland Credit Union2.10% ($500) 18-month CD9 Ohio counties See review
American United Federal Credit Union2.50% ($500) 24-month CDSalt Lake and Tooele Counties, Utah See review
Bank of New England2.47% ($500) 48-59 month CDNew England See review
Suncoast Credit Union2.95% ($100k) 60-month Jumbo CD39 Florida counties See review
CASE Credit Union2.80% ($500) 5-year TDAMichigan's Lower Peninsula See review
ABNB Credit Union2.85% ($100k), 2.80% ($1k) 60-month CertificateGreater Hampton Roads and northeast North Carolina See review
Space Coast Credit Union2.88% ($500) 60-month CD Special29 Florida counties See review
Bank of New England2.58% ($500) 60-month CDNew England See review
Security Service Federal Credit Union2.50% ($50k), 2.45% ($25k), 2.40% ($500) 7-year CDSelect areas in Texas, Colorado, and Utah

Post Publication Edits

9/13/2019: Capital One 18-month CD APY lowered to 1.90%

Related Pages: savings accounts, money market accounts, 1-year CD rates, 5-year CD rates, nationwide deals, Internet banks
Comments
MAGA
MAGA   |     |   Comment #1
May have to get top heavy and put some more funds into NFCU. Looking at their 18 month to park some funds. How easy is it to put beneficiary's with NFCU CD's?
Peyton18
Peyton18   |     |   Comment #4
I was given a POD designation form. I was able to check a box that stated: Add POD designation to all existing joint account(s) and any future joint account(s) established after this dated application, with the same beneficiary(ies) and same joint owners(s), unless otherwise specifically indicated in writing received by Navy Federal.
Anonymoose
Anonymoose   |     |   Comment #19
Some of the CUs I have accounts at, automatically apply POD beneficiaries to all accounts with the same registration. So if you have multiple accounts, the POD beneficiaries automatically apply to all of them.
Mak
Mak   |     |   Comment #20
I'm not sure if this is with all credit unions but it is with the ones I am a member at....however your share account is worded is the way the CDs in that same share account will also be worded. If I have a share account and it is set up as an individual account myself pod my wife than all the CDs in that share account will be the same way
MAGA
MAGA   |     |   Comment #45
Comment #19 #20 I wanted joint accounts and when I tried to apply the other owner the app would not let me unless the other person had a NFCU number. I didn't think the other joint owner had to be a NFCU member and this is why I asked about beneficiaries. Or maybe I was doing something wrong setting up the joint certs?
Mak
Mak   |     |   Comment #46
#45. I don't think the other person on the joint membership has to be a member also but if the other member is not a member the insurance will not cover that person's insurance in case both owners pass away. In other words if you want to be sure you are totally covered and you want to make sure the POD gets it all you both must be members. While you are both alive the insurance will cover the $500k the problem comes in if both pass away and one of the joint owners is not a member.
Mak
Mak   |     |   Comment #47
"if the other member is not a member" that should read if the other joint owner is not a member
MAGA
MAGA   |     |   Comment #56
comment #46 does that also include beneficiaries having to be members?
Peyton18
Peyton18   |     |   Comment #5
Navy representative was extremely knowledgeable and helpful. Whole process took only minutes. Highly recommend
#2 - This comment has been removed for violating our comment policy.
enelrad1123
enelrad1123   |     |   Comment #6
Listed under "Noteworthy Local Deals-2 year CDs" is Teacher's Credit Union 25 month special paying 3.09%. This special does not appear on TCU's website.
Sylvia
Sylvia   |     |   Comment #14
Good catch, enelrad1123. The review that it references dates to February, seven months ago. That deal must surely have expired awhile ago. The only specials in place at CU now are a 15 month at 2.22% APY and a 21 month IRA at 2.23%.
#7 - This comment has been removed for violating our comment policy.
#11 - This comment has been removed for violating our comment policy.
#15 - This comment has been removed for violating our comment policy.
Anonymous
Anonymous   |     |   Comment #21
Please adjust table American United FCU rates are all below 3% now
MSD?
MSD?   |     |   Comment #22
Hard to believe MySavingsDirect.com is still at 2.40%. As soon as I transfer money there it will certainly drop. Never fails.
MSD?
MSD?   |     |   Comment #23
Hard to believe MySavingsDirect is still at 2.40%.
Can't Get Excited
Can't Get Excited   |     |   Comment #24
50k put in their 18 month CD @ 3.00%, gives me a crummy $127 per month in interest. And Navy has a steep EWP.

Heck, I'd rather just keep that 50k liquid and use as necessary.
Common Cents
Common Cents   |     |   Comment #25
Deposit more than $50,000
Att
Att   |     |   Comment #26
#24 If you keep the money in a liquid account your intrest rate could be much lower than 3%. Not to long ago the top rates on savings accounts were below 1%. This would depend on ones goals or need for liquid funds.
dollarsncents
dollarsncents   |     |   Comment #27
How true. Just a few short years ago, people were clamoring to see CDs paying 3% interest again.
Joe Dum
Joe Dum   |     |   Comment #30
Not a few years ago, in 2018 there was a great deal of excitement at 3% for 3 years, and there would be similar excitement today.
anon@anonymous.com
[email protected]   |     |   Comment #28
Marcus lowers rates today.
Smelly
Smelly   |     |   Comment #29
Re: #28
Well that stinks.
willy12
willy12   |     |   Comment #32
Again? Didn't they lower them a week or two ago?
I am out of there as soon as my 90 days are up. Nov something?
Old Guys Rule
Old Guys Rule   |     |   Comment #31
I was too late getting the Capital One bonus. And too late getting a Marcus NPCD before they lowered. And too late for other stuff. So the heck with hopscotching around. Everything is falling too fast. My 2% savings account is looking pretty good now. LOL! Until it falls to 1%....

I actually have a LIFE outside of chasing interest rates. And my new Social Security income fills in any CD declines very nicely. Drink up, boys!
111
111   |     |   Comment #33
In related news - a new study indicates Social Security will be bankrupt by 2022 (whoops... Just kidding - for now!)
Jim Beam
Jim Beam   |     |   Comment #35
111, you and deplorable better hurry up and get some!
(but don't worry, Elizabeth will fix everything).
111
111   |     |   Comment #38
Jim, I suggest you go out today and buy a few cases of your namesake. You're going to need it if Pocohant.. er, Elizabeth... gets in office. And so will all of us.
Jim
Jim   |     |   Comment #39
I don't drink.
111
111   |     |   Comment #41
I wouldn't have guessed that from your posts.
easy street
easy street   |     |   Comment #58
Go get your social security before the Dems confiscate it!
Reality
Reality   |     |   Comment #59
#58
Some couples retire at age 66 with one on SS while the other collects 50% spousal as their SS grows 8%/yr for four years. Then, at age 70 they drop spousal and collect their full payout which is now 32% higher than what it was at age 66. The math is interesting. This "option" was fazed out.
SSA Codes read them and weep...
https://www.dshs.wa.gov/book/export/html/1901
Dunmovin
Dunmovin   |     |   Comment #60
Reality check...some retire earlier and draw down IRAs so that when Soc Sec and RMDs kick in ...lesser taxes. Few spouses had a greater earnings record to change to their Soc Sec account at 70
The Market
The Market   |     |   Comment #34
A few months ago I pulled over 100K out of brokered CD's earning less than 3% annually. I went to the market with the cash and picked up a few stocks. I sold out yesterday for a pre-tax gain of 12.5%. Three months of "investing" and I made more than four years of CD interest. It sure beats the credit card bonus scenario! Have a great weekend.
Riiiiiiiiight
Riiiiiiiiight   |     |   Comment #36
#34...... You got any other fish stories??? (another phony stock market expert).
The Market
The Market   |     |   Comment #37
#36
Nope but if I gave you the tickers you'd just say I reverse engineered the results.
I'll give the $11,669 to my wife and start over. Oh, and for those doing math, some of the principal is still in the market...I added to an existing position that also went up over a buck/share. It's a crazy market!!
111
111   |     |   Comment #40
Hey Mr. Market! Here's what you're missing - the "credit card bonus scenarios", as you put it, could have been done completely IN PARALLEL with what you say you achieved via brokered CDs and stocks! So could have "credit card arbitrage" scenarios, etc., etc. Because you see, you're not tying up any additional money. It's kind of an "in addition to" model, NOT an "in place of" model. Get it?

Surely you have the ability to multitask... If not, then ... yikes! And, yes, I will have a great weekend!

Oh, and those stocks you just sold? What if they continue to go up during the next couple of weeks? What then? (Hope I haven't spoiled your weekend.)
The Market
The Market   |     |   Comment #42
#40
I'm not going to manage a bunch of credit cards for paltry returns when I can click away in the comfort of my home. One of the stocks did go up a bit after I sold it; one went down. Profit is profit is profit, A bird in the hand...
My point was/is the market is where Mr. Powell wants me and I follow orders!
111
111   |     |   Comment #43
Well, to respond - the "credit card arbitrage" stuff DOES in fact happen from the comfort of one's own home, so to speak. Always has, at least for me. For at least the last 20 years I've done this, totally in addition to whatever allocations in other monies I've made with stocks and/or bonds.

As for the rest - there's an old investment saying, "don't fight the Fed". I can certainly agree with that part. Have a nice weekend.
Mak
Mak   |     |   Comment #44
Well done, Brokered!
#48 - This comment has been removed for violating our comment policy.
Milty
Milty   |     |   Comment #55
Good for you, but a $100K in and out of the market after a couple months . . . an investment strategy that is probably not for the average person browsing this site.
Mr Beam
Mr Beam   |     |   Comment #57
Redneck money market now 2.40%. My Savings Direct now 2.20%
Those are still pretty good considering most places are going to 2%.

(But in truth, everything sucks! Can't believe I'm grateful to get a stinkin two percent! LOL. Everybody drink up! Gas will be at $4 in a couple days.)
deplorable 1
deplorable 1   |     |   Comment #61
Mercedes-Benz first class demand notes is still paying 3% APR 3.05% APY on liquid cash. About the same as 5 year CD's now.
Att
Att   |     |   Comment #62
#61 You must be an "accredited investor". Here are some of the requirements ( Other options are for
banks, organizations and trusts over 5 million and some others).

natural person with individual income exceeding $200,000 in each of the two most recent years and with a reasonable expectation of reaching the same income level in the current year; or who has an individual net worth* that exceeds $1 million

natural person who has a joint income with that person's spouse exceeding $300,000 in each of the two most recent years and with a reasonable expectation of reaching the same income level in the current year; or who has a joint net worth* with the person's spouse, that exceeds $1 million at the time of the purchase;
deplorable 1
deplorable 1   |     |   Comment #63
Kind of strange that GM right notes which is basically the same exact thing has none of these stringent requirements. I wonder if that makes MB notes a riskier investment? The last time my broker offered me some risky start up it had this requirement. To me it's usually a signal to run don't walk away from the investment.
Anti Ignorance
Anti Ignorance   |     |   Comment #64
Google "accredited investor."
Att
Att   |     |   Comment #65
#63 Not sure what MBs credit rating is but GM is currently 1 level above junk and with the stroke they may drop to junk level as they are on a credit watch
#67 - This comment has been removed for violating our comment policy.
Att
Att   |     |   Comment #69
The First Class Demand Notes program is a convenient investment opportunity for individuals or companies to invest directly with Mercedes-Benz Financial Services.

All investments are senior, unsecured debt obligations of Mercedes-Benz Financial Services and are not insured or guaranteed by anyone else (Just like GM notes).
SJM
SJM   |     |   Comment #66
GM notes yielding 2.75% today . The notes are not FDIC insured but senior in ranking to the common stock.

That means GM stock which today is at $39 a share would have to go to ZERO before your actually risk your principal.
#68 - This comment has been removed for violating our comment policy.
willy12
willy12   |     |   Comment #70
Keeslers 3.21% 30 month jumbo is still available. I had an Andrews CD mature today so I wired the proceeds and added some from my RCA to make it a jumbo.

I am not comfortable going 5 years and this was the best deal of anyplace I already have an account.

A couple of local CUs have competitive 13 and 25 month deals but 3.21% is more than 2.75% not to mention a longer time before I have to find a new home.
MAGA
MAGA   |     |   Comment #71
Did Keesler charge you an incoming wiring fee? When I went from Andrews to Northern I got hit by a incoming $15 fee which there is no way around. Worth it though because my only other option was Discover or Ally which would've taken a week or more. Had a CD come due today at MainStreet and the best they are offering is a 2.65% for 18 months. Will be looking for a home now for those funds. How easy if for a Keesler membership?
willy12
willy12   |     |   Comment #72
No. I asked before hand at both places. Keesler has free wires out too although it might be for 50 and older.

Id ask Northern to waive it. Say you did not know. Its ridiculous that anyone charges for them.

Problem is, It takes all day. Andrews waited 4 hours to confirm it and then 4 more hours for it to get where it was going. Keesler is open until 7 pm though and my local shared branch is open until 5. I had to walk in a check to be able to buy a Jumbo because the Andrews CD was less than $100k.
Fidelity also has free wires in and out in case you have an account there.
Ally has 1 day transfers if you prime them first with a $200 pull and wait 30 days or so.

I got money at ally on monday and transferred it out to a new place monday for tuesday. 
willy12
willy12   |     |   Comment #74
I did not realize it was an add on. I might have to join. As much as I would prefer to avoid yet another FI. 

I have some big CDs maturing next year and I don't have an add on. And a small one in Dec.
Wait, maybe not?

 PSECU allows add-ons as long as they are setup within the first 30 days of account initiation. It requires that a set dollar amount at specific time frames (weekly, bi-monthly, monthly) be established. The add-on amount may be decreased or concluded at any time during the term, just not increased.
Sylvia
Sylvia   |     |   Comment #75
It could take two days to get your application approved and membership # issued at PSECU. You might want to wait until next Monday to apply, after confirming rates. Yes, those CDs are not conventional add-ons, though, with planning, you can get them to work for you. I think they're the best deals right now.

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