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Advancial 5 Year Jumbo Drops (4.47% -> 4.09%)

Steve58
  |     |   459 posts since 2018

Looks like all their rates have dropped, most significantly the 5 year jumbo. Looks like DA has already updated this change. Advancial appears to be the one institution that does not have inverted yield curve, with the best rates going to the longest CD terms. The way it should be.

Was fortunate to have a ladder step come due in Sept before this latest significant rate drop (as predicted). They are still among the national rate leaders for 5 year term CDs.  5 year direct CDs at Fidelity range from 3.4%-3.55%.

Steve58

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gregk
  |     |   73 posts since 2013
I was on the fence Monday (Sept 30th) over depositing more funds into another Advancial 5 year Jumbo (4.47% APY), which would have left a large amount of what I have there uninsured. In the end I drew back, though not without a tinge of regret now. Advancial has been the new PenFed (from ages ago) for the last year, but financial conditions can change quickly in the Crazy Town of contemporary America and watching an FI go down the tubes holding my exposed monies is not something I want to contemplate.
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Steve58
  |     |   459 posts since 2018
I too am maxed out with 5 jumbos. I understand there are ways around 250K max, but I have never looked into it. I too would not go over the insurance maximum.

I looked again today at what 5 years are available nationally on DA today. Advancial was 4th best rate yesterday, but today is #1 for the best 5 year rate.  I wont be back in the market for 5 year until the beginning of 2025.
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