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  4. Which Would You Prefer And Why? 15 Month At 3.10, 16 At 3.15 Or 17 Months At 3.20%

Which Would You Prefer And Why? 15 Month At 3.10, 16 At 3.15 Or 17 Months At 3.20%

RJM
  |     |   499 posts since 2011

The premier rep I spoke with insisted all 3 are still available and would be next week.

Assuming she is correct, which deal would you get?

(I understand that all 3 are not listed on their website, but I assume the rep knows what she is talking about)

Im leaning toward the longer term/higher rate because of the low likelihood of a fed increase in 2019. (That does not mean impossible)

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RichardW
  |     |   810 posts since 2019
All three sound outstanding and all three are very similar. You can't lose with any of those. I would prefer the 17-mo @ 3.20% for the same reason you listed, the the probability of a Fed increase this year is low. As an extra incentive for the 17-month CD, just think you would be obtaining a rate which exceeds the best current 5-year brokered CD rate of 3.15%!
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RJM
  |     |   499 posts since 2011
Yes, my concern now is at least 2 people have reported being DECLINED at premier, presumably for too many new accounts.

We don't know how far back they go, 12 months, 18? Longer?

I compute I think 6 in the last 12 months for me, very close to 5 as one was about almost a year ago I think. (2/20 I think) I have asked them if they know how many they had.

I have money available on 2/5 but should I wait to 2/22 or 2/25 in case they go by new accounts in the last year?

The rep indicated they would still be available next week.
Brokered CDs are below market so I am trying to avoid buying them. (Unless I happen to run across a secondary market at a good rate but that is rare)
But, we won't be rejected for buying a brokered CD. LOL
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Ally6770
  |     |   4,294 posts since 2010
Go for the longer period. If the country gets back to a normal flow by that time your CD matures you will get a much better rate. If not you still received a better rate. Many places have been cutting rates so get what you can rather than wait. I believe you will come out ahead. This is what I have done since the 70's.
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