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Mountain American Is Still Their 5% CD's.

Ally6770
  |     |   4,306 posts since 2010

Just went to a link from a substack and it is still being offered.

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happyharold4
  |     |   390 posts since 2022
Was just on the phone with them---They said the offer will probably end 3/31/25 and perhaps a new offer 4/1/25
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senda
  |     |   126 posts since 2015
I finally decided to get one of these. Some things I found out, FYI

If you open it yourself online the maturity option bug is still there, and requires a call at some point to change it. Where you normally do it yourself is grayed out.

It looks like Macu can at least receive same day ACH if your other place can. I sent some funds from a place that has a late 3p EST deadline for ACH, but just a few hours later it was already in my Macu savings and I was able to open the CD that day instead of the next. I certainly wouldn't count on it if the funds must be there that day but it was good to see.

The agent said it should last to the end of the month but no guarantee as she could remember once when the rates changed mid month. Maybe Macu has the special now because of them losing members and $$ to that other new mexico credit union people were talking about.
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Ally6770
  |     |   4,306 posts since 2010
sendra,
Also if they have to do a quarterly report the 1st quarter ends in 11 days.
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denki
  |     |   158 posts since 2019
Reminder today is the last weekday probably to open a Mountain America 5% cd. They may or may not keep it thru the weekend but I dont know if I would chance it. Fwiw if you want to open a new one but already have 100k in another growth try doing it online yourself, as in the past some csrs dont want to open a new one if you already have 100k.
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MY2CENTSWORTH
  |     |   440 posts since 2016
The 31st of March is Monday!
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Steve58
  |     |   459 posts since 2018
Yes i cancelled all my Add on CDs with them this month and opened a 5% regular CD, and the minimum for the 18 month add on 5%, 3 year add on 4.25% , 5 year add on 4.25%, Pretty good insurance IMO.

Also credit human just lowered their 4.31% 59 month CD to 4.21%. I just opened the 4.31% last week, as that was the rate leader for 5 year CDs on DA.
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IGR
  |     |   583 posts since 2020
MACU is on of the CU where you need funds to be available on one of MACU Accounts to apply for New CD. If promotion ends 3/31 make sure to wire funds and call in same day, unless the conversation is about Growth CD and you have already $5 extra on Member's Share 
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Hooked
  |     |   236 posts since 2019
I did not have extra in Member’s Share Saving so I deposited a small mobile check this morning. The funds became immediately available, enabling me to open a couple of Growth CDs.
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Hooked
  |     |   236 posts since 2019
For the $10 monthly debit, I set up auto withdrawal from external bank to MA savings, and auto withdrawal from MA savings to Growth CDs. This way, I don’t have to call on Monday.

Thanks to everyone for sharing your experiences. I am new to MACU.
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happyharold4
  |     |   390 posts since 2022
The wire I set up over the weekend landed at MACU today 3/31 and I was still able to open my last 18/mo at 5.0 APY---Had to call them to change maturity designation---Now watch, they'll extend the offer through April after all my running around.
A SIDE NOTE---Big thanks to Robb who I believe posted about MACU originally---Really helped me out a bunch.
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Sanger
  |     |   321 posts since 2022
I called them Friday March 25 they told me the offer will last till May 1 we will see .
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Robb
  |     |   324 posts since 2018
The 18 Month MACU CD dives from 5% to 4.15%. Well played guys :)

https://www.macu.com/rates/certificates
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davidinNY
  |     |   18 posts since 2020
Mountain America 5% is gone :<
But on the bright side Clear Path is still running 5% for 13 months :>
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racecar
  |     |   628 posts since 2014
Well as everyone has seen, MACU's 5% is gone.
Interestingly though, one could have still tried to open one up at 5% with a "4/1/25" date if they did so online after midnight or in the early hours of the morning (MACU time), as the rate was still there. But by the time they opened for business today the rate had changed (probably at whatever hour they do nightly system updates).
Nice while it lasted, and a big thanks to Robb for bringing it to our attention.

At MACU I try to keep at least $5 avail in the savings for whenever the next growth CD opportunity is.
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happyharold4
  |     |   390 posts since 2022
Opened mine on 3/31 in the afternoon---Just under the wire
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Robb
  |     |   324 posts since 2018
Great job Harold well timed :)
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happyharold4
  |     |   390 posts since 2022
Well the GREAT JOB goes to you sir for originally posting this up for us---THANK YOU
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