Advertising Disclosure
  1. Home
  2. Community
  3. Ask
  4. Island FCU - Should I Put $107K IRA With Them At 2.50% 7 Years Or 2.25% 5 Years?

Island FCU - Should I Put $107K IRA With Them At 2.50% 7 Years Or 2.25% 5 Years?

John Sears
  |     |   67 posts since 2015

Principal Rate Interest (1 yr) Diff. EWP (6 mos.) Diff.

$108K 2.25% $2430 $1215

2.50% $2700 $2700 $1350 $135

This doesn't take into account how long it would take with a new 5 year CD to recoup the money lost from 1+ years worth of interest.

I've never done anything more than 5 year CDs so any input would be greatly appreciated. Thanks.

  Post an answer
1


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.