Some news in no particular order:
(1) Called NavyFed and was told they'd be allowing people to add onto their existing IRA CDs if you want again this year (until mid-April). But you'll probably find a better rate elsewhere Even for those who opened long-term ones as insurance last year, the APY then was 4.2 and you can do better elsewhere right now. But if you want to add to what you have at Navy, you can again this year.
(2) More rate drops. I see it was posted already, but EFCU lowered just about all of their rates by 0.25 or more. And as I posted elsewhere, Interior FCU dropped their specials and rates as well. Right now 4 or 5 years @ Interior are just 4% (4.07 APY).
(3) USSFCU, in order to log onto your account, it suddenly now REQUIRES you to accept forced arbitration for their on-line vendor. If you don't "accept" it, you can never log into your account again. So if the IT company that manages USSFCU screws up and someone drains everyone's account or leaks everyone's details or whatever, your only recompense is individually doing arbitration (in DC).
(4) Changing CD Terms: I always consider the Terms of the CD as well as the rate, but it seems like banks/CUs have quietly been changing those terms without reprecussions. The latest example: Interior FCU. Their CD Disclosure for years had language that said they would waive the EWP if you closed an IRA CD early "if owner was over 59 1/12 or disabled" -- but now it says only "if owner is disabled." I wonder if they would still honor the original terms that were in effect when someone opened up the CD. There's no way to know unless it happens to you (and you kept, and could date-prove you had a copy of the old terms, which would be long gone from their website), but my guess is no, as there always seems to be language in the general agreements saying they can amend things at any time, and I've seen this happen before through the years. This change stopped me from opening an IRA with Interior, as since their rates are low, that was the only reason to consider it. No longer.
