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Where Have All The Bank Deals Gone?

racecar
  |     |   628 posts since 2014

"...Long Time Passing..."

But seriously, where did they all go? Everyone took advantage of the Fed possibly lowering rates to quickly lower their savings rates (but I'm sure not their borrowing rates), then the Fed didn't.

I'm mostly set until the Fall, but do have one CD maturing in March. Would love to see a couple moderate-length CD deals stick around until at least the end of March, but I fear everyone will once again jump the gun in anticipation of March's fed meeting and lower the rates even more for March, even before the Fed meets. Anyone who's a cynic should check to see if a place's borrowing rates drop with their savings rates...

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sams1985
  |     |   781 posts since 2022
Looks like Advancial's never ending money glitch is still available...I wonder how many millions of dollars this forum has dumped into Advancial so far.
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racecar
  |     |   628 posts since 2014
Yeah I thought about it but don't know if it's worth the hoops for just one smallish CD maturing the end of March. And... was it PD's or Dep1's confirmation of how bad DCU is, made me pass on joining them as well. Even most of the short-term deals evaporated... Alliant's 5.4% for up to 18mos that they spammed everyone with is gone now too. I'm hoping for one good 2yr deal at the end of March but that might be a pipe dream.
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betaguy
  |     |   181 posts since 2022
fwiw: the only "hoop" I ran into was the 'dog' thing. But, that was easy enough. Other than that, cd opening was fairly easy. Just a lot of waiting.
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Robb
  |     |   324 posts since 2018
The one big negative about the Advancial 5 year deal is the hefty 365 day EWP.
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happyharold4
  |     |   392 posts since 2022
I've got 8 maturing in 2024---Two on 3/9/24---Party may be over by the time most of them mature---I'm considering taking $'s from other sources and looking it in, and then reimburse those sources as the CD's mature???????????????
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JeffinEasternFL
  |     |   744 posts since 2020
? why didn't you ladder those out further?? I abhor the thought of having just one CD a YEAR maturing and having to deal w/ "customer no service" et all to get another one planted each year!
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milty
  |     |   1,689 posts since 2018
Am guessing those were opened in the 2019 timeframe? Am also guessing the Market has had its sites on billions of dollars in other similar CDs maturing in 2024, which is possibly one reason for the historically low long-term rates.

Regarding those who still want longer term CDs, to quote another oldie but goldie, "get it while you can."
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