CD Juice - It's A Good Thing

Kaight
  |     |   1,192 posts since 2011

This is pursuant to my comment here, which mentions juice:

https://www.depositaccounts.com/banks/service-credit-union/offers/#1

The recent Freedom CD deal, now dead, had juice. Freedom offered the customary 3% (actually 3.04%) APY, but they were agreeable to giving you your dough back in just three years instead of the more commonplace five years. Some of us saw that as an added benefit over the everyday, in a word, juice.

Sharonview is offering 4% APY in return for a term extension of just four months over the more routine five year CD offerings. Sharonview, in the opinion of many, is not asking too much on the term side considering the benefit on the yield side. Their deal has an ample measure of juice.

I hope we see more juice in the CD marketplace following this month's Fed meeting. Juice is good for us savers. ;-)



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