To Open Or Not To Open.....

Rosedala | Jun 25, 2018 | 45 posts since 2010

I see CommunityWide FCU is offering 3.30% for a 5-year CD and I started making arrangements to open one on July 11 when I have a maturity. But after reading those bad reviews (plus their not so wonderful financial ratings)...I'm wondering whether I should, after all.

Further on I also saw somewhere here their offer of 2.90% for 24 months which is much more appealing as I'll worry until maturity for only 2 years as opposed to 5! Any ideas? :) Thank you!!!

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Answers

enelrad1123 | Jun 26, 2018 | 75 posts since 2017

State Bank of Texas is offering a 12 month CD for 2.60%. They do not compound interest, but will transfer your monthly interest to an account of your choice. Since most analysts predict rates will continue to climb , you might want to consider this shorter term option. I have banked with them online for over a year and have found them to be responsive to my requests and they offer competitive rates.

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