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Sharonview CD Holders: What Will You Do?

denki
  |     |   158 posts since 2019

If you have Sharonview's 4% CD that will be maturing in the coming weeks, are you going to close out your account with them completely when the CD matures, or still keep an account there?

Normally I tend to keep accounts just in case for the future, but they're starting to pile up, and other than that one special years ago, Sharonview's never had anything exceeding the rates of others in all the years since (not only that, but their rates have been really low). I remember their CSRs were friendly... but is there really any reason to stay with them after the CD matures? Do you think after all those CDs mature they'll need new deposits and up their rates? What will the rest of you do?

Related question: if one does close out their membership at (any) CU, is there anything to do, look out for, or be wary of?

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8


Answers
Kaight
  |     |   1,192 posts since 2011
Ken gives Sharonview a pathetic health rating of C+. So while my CD money will come out upon maturity, I'm for certain sticking around as a member. Poorly rated credit unions are sometimes needy and offer better interest rates for that reason. This one merits watching.
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7
calebmc22
  |     |   2 posts since 2017
I agree that it is annoying to have a pile up of dormant CU accounts, but there have been times where I was able to jump on a CU deal because I was already a member (e.g. Penfed's legendary 5% CD back in the day of super low rates). Do I think Sharonview will offer another great special? Probably not, but worth letting my $5 sit in the share account.
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5


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