Some CDs Still Surviving (For Today, anyway)

racecar | Sep 19, 2024 | 628 posts since 2014

Merchant's Bank of IN cut their 12mo CD just like MACU.

But Veridian still has a 12mo Jumbo (100k) for 5.1% or non-Jumbo for 5%

Brilliant Bank still has 4.85 for 15 months

Connexus still has 10mos: 5.15/5.25 and 15mo: 5.00/5.10 (Normal/Jumbo)

EFCU cut rates early, on 9/1, but remember that EFCU pays higher than the rate they list if you keep the dividends in the CD -- which means for a Jumbo (100k) it's 4.85% for 18, 24, or 30 months (4.75 rate = 4.85 when compounded). Non-jumbo is 4.75 (4.65 = 4.75 when compounded).

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