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All-In (and Prime Alliance) Longer CD Rates Plunge

racecar
  |     |   633 posts since 2014

Time to scratch All-In off your list.

They've had quite a few rate drops recently, with the latest one sending any CD over 1.5yrs down to the 3s.

Last week 36, 48, 60mo CDs were all still 4.07, but not anymore.

Now it's:

36m: 3.87 / 48m: 3.87 / 60m: 3.87 / 24m: 3.97

(100k+ 0.05 higher)

Unfortunately long-term rates are dropping everywhere with the current political/economic situation. Prime Alliance Bank also used to have good longer-term CD rates, but their rates have plunged as well: 48m: 3.75 / 60m: 3.75

There are places with better rates but All-In and Prime Alliance were nice for longer CDs because of their good EWP.

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Steve58
  |     |   461 posts since 2018
I also have CDs at All-in. It is hard to beat their 90 day EWP. I would go with them with a bit lower interest rate, if it means not having to sign up for 365+ EWP at another institution on a 5 year CD.

They also have had the best 1 year add on (smart) CD rates. I currently have one with them at 5.12% APY that expires around the end of August. But their latest offering is 3.66%, making MACU the current king of all things for add on CDs.
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racecar
  |     |   633 posts since 2014
Yeah it's a shame their offerings really went down. I have that same 5.12% 12mo add-on, but like with you, mine matures end of August and their current offering doesn't seem worth it even at $25.

In Sept when some funds mature elsewhere I want to put those funds into a 5yr CD for a particular "bucket" for something 5-6 years away, but I have no confidence that All-In or Prime Alliance will have decent rates on 5yr CDs.

Know of any other places besides All-In and Prime Alliance that offer 90 EWP for a 5yr CD?
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Steve58
  |     |   461 posts since 2018
I am happy if i can find a 5 year rate leader offering only a 180 day EWP. That's why the MACU add on CDs are attractive in that you can manufacture a 180 day EWP for the first three years for a 5 year CD and get 4.25% for the 5 years right now.
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racecar
  |     |   633 posts since 2014
Not a bad idea. I always keep $5 or $10 avail in my MACU savings so that it's handy to open up a new Growth on the spur of the moment.
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