9 Or 10 Year Non Brokered Cd Opportunities.

Ltssharon | Nov 16, 2023 | 471 posts since 2020

I am trying to do a 10 year NON brokered cd ( I want to avoid the coupon or interest earned reinvestment hassle a broker has , and do not feel I can depend on high money market rates, plus I like fdic insurance and money markets do not have that). My ladder is complete except for years 9 and 10. Does anyone see great 9 or 10 year rates with decent early withdrawal penalties?

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Answers

Ally6770 | Nov 18, 2023 | 4,290 posts since 2010

I believe the only way you can get one now is to ask for them. Sometimes the smaller banks or credit unions or savings and loans customer service people will transfer you to a manager or if you call the branch of some of them will get a manager who can approve of them. I have not tried it lately though.

choice1 | Nov 17, 2023 | 370 posts since 2023

9-10 years? I don’t buy green bananas nor invest to safeguard heirs! :)

Maestro | Nov 19, 2023 | 42 posts since 2023

Maybe check with your current FI's for thier offerings. Credit Human for the 9 year, any for the 10 year. Maybe watch the $250k cieling with CH. "Decent" is a relative term, I might buy green bananas but I don't buy banana seeds.

https://www.investopedia.com/best-10-year-cd-rates-4783528

Apple Federal Credit Union–10yr, 4.00% APY, EWP-1095 days dividends (3 Yrs), Athletic Directors FOM
Credit Human–84 to 119 and 120 mnths, 4.00% APY, EWP-1095 days dividends, (3 Yrs) ACC FOM
Discover Bank–10yr, 3.80% APY, EWP-24 mnths dividends (2 Yrs)

Ltssharon | Nov 19, 2023 | 471 posts since 2020

Wow. Thankyou. I had not realized the EWP would be that high. Also thank you for the names is some financial institutions.

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