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Joined: Nov 18, 2010Comments: 97
Forum Threads: 11Forum Posts: 129
Rep Points: 771

About ChrisCD

I have been in the banking industry for over 13-years.  I work at www.jumbocdinvestments.com.

I have six children and a beautiful wife.  I love to read, listen to music, coach soccer, and teach Bible studies.

Recent Community Posts

Buying Cds From Out Of Town And Maturity Problems
Updated: 1 hour ago by Ally6770  |  30 comments  |  Ask The Community

After all my years of purchasing CDs from all over the US, I have run into a problem which some may not be aware of.  It seems certain credit unions, read more

A Rising Rate Lifts All Rates - Or Does It?
Updated: Oct 27, 2016 by Bozo  |  2 comments  |  Financial News

From CUInsight We've all heard the phrase "A rising tide lifts all boats". However, when the Federal Reserve increases short-term interest rates, does it read more

I Trolled My IRS Scammers For Weeks. I Learned Something Really Dark.
Updated: Oct 19, 2016 by paoli2  |  2 comments  |  Financial News

These scammers had called me so many times that I knew their script. They always introduced themselves as IRS officers with inconspicuous American names, read more

Would You Trust Your Money In The State Bank Of India?
Updated: Sep 24, 2016 by Shar  |  22 comments  |  Ask The Community

https://www.depositaccounts.com/b...dia-il.htm Thanks!

Are Commodity-Linked CDs a Good Idea?
Updated: Sep 15, 2016 by ChrisCD  |  2 comments  |  Financial News

A reader writes in, asking: "I'd love to hear your thoughts on Everbank's '5 Year MarketSafe Commodities CD.' It guarantees return of principle and offers read more

5 Common Misconceptions About FDIC Insurance ... And The Real Facts
Updated: Aug 28, 2016 by paoli2  |  3 comments  |  Financial News

A refresher for some members of the DA community, new info for others.

New Design
Updated: Aug 27, 2016 by Frank Walker  |  6 comments  |  Miscellaneous

I use FF.  When  click on the Forum menu item the sub-menu appears, but the default action of showing the User Community seems to override any read more

Revocable Living Trust Savings Accounts
Updated: Aug 16, 2016 by highrate  |  4 comments  |  Ask The Community

I am having a hard time finding which banks provide Revocable Living Trust accounts. It would be nice to include in your blog or ratings page read more

Negative Interest Rates Threaten Europe's Financial Stability
Updated: Aug 4, 2016 by ChrisCD  |  1 comment  |  Financial News

Negative interest rates erode the profitability of the banking sector and pose a threat to financial stability. In exchange, they offer an economic read more

Hard To Tell If Interest Rates Have Hit Bottom
Updated: Jul 31, 2016 by jimbeau  |  4 comments  |  Financial News

It's entirely possible that interest rates hit all-time lows earlier this month that will never again be seen in our lifetimes, as many are now read more

Dividends On A CD That Are Eligible For Withdrawal
Updated: Jul 29, 2016 by Ally6770  |  5 comments  |  Ask The Community

I am the Treasurer for an organization that falls under IRC 501(c)(10), Domestic Fraternal Societies. Our "Lodge" has a CD and my CD Monthly Statement read more

Poll: Which Presidential Ticket Is Best For Credit Unions?
Updated: Jul 28, 2016 by cumulus  |  2 comments  |  Financial News

You might be interested in the results even if you're not interested in voting; so far (3 days, 309 votes) no difference (49% versus 48%).

America's Brick-And-Mortar Banks Are Vanishing
Updated: Jun 29, 2016 by ChrisCD  |  1 comment  |  Financial News

Next time you want to make a quick errand to a bank, you might have to travel a couple of more miles than you're used to. This month Bank of America ( read more

Two Takes On Reverse Mortgages: Consumer Reports, Scott Burns.
Updated: Apr 11, 2016 by ChrisCD  |  1 comment  |  Financial News

the wealth we have in our homes, our home equity, is “where the money is” for all but the richest Americans. Why Reverse Mortgages Are Important - Scott read more

New Type Of Phishing Scam Targeting Payroll And HR
Posted: Mar 24, 2016 by ChrisCD  |  0 comments  |  Miscellaneous

Saw this posted on another forum.  Scammers just don't stop. https://www.irs.gov/uac/Newsroom/...Involvin.. The Internal Revenue Service today read more

Be Safe And Sound
Posted: Feb 24, 2016 by ChrisCD  |  0 comments  |  Miscellaneous

Saw this posted at the WCI forum (Forums | The White Coat Investor - Investing And Personal Finance Information For Physicians, Dentists, Residents, read more

5-Year CD Overview
Updated: Feb 12, 2016 by John Sears  |  8 comments  |  Financial News

Bankaholic's Sabrina Karl reviews the plight of 5-year CD's in light of the Federal Reserve's decisions. Now that it’s been almost eight weeks since the read more

Bernanke Says Fed Likely To Add Negative Interest Rates To Recession-Fighting Tool Kit
Updated: Feb 4, 2016 by Bozo  |  9 comments  |  Financial News

By WASHINGTON (MarketWatch) - The Federal Reserve should consider using negative rates to counter the next serious downturn, said former chairman Ben read more

Suspicious Phone Call About Computer Problems
Updated: Jan 21, 2016 by me1004  |  10 comments  |  Ask The Community

I just received a phone call from a man with a very strong "accent" whose voice sounded all gargled telling me he wanted me to go to my computer and press read more

Anyone Heard Anything About Wesleyan Investment Foundation
Updated: Jan 20, 2016 by Ray Wahl  |  5 comments  |  Ask The Community

Anyone heard anything about Wesleyan Investment Foundation?  They are paying 2.5% up to $4999 and 3% on $5000 - 34999 -- it is not FDIC insured, but read more

"We Frontloaded A Tremendous Market Rally" Former Fed President Admits
Updated: Jan 15, 2016 by ChrisCD  |  1 comment  |  Financial News

Former Dallas Fed head Richard Fisher interview on CNBC. "What The Fed did, and I was part of it, was front-loaded an enormous rally market rally in order read more

$75 Fee To Transfer An IRA To A New Bank?
Updated: Dec 28, 2015 by barry_NY  |  13 comments  |  Ask The Community

I was charged a $75 fee to transfer an expired IRA CD to another bank!  Because of the new banking laws, it is difficult to just take a check from read more

Swiss Bank Goes Negative With Rates
Updated: Nov 24, 2015 by paoli2  |  1 comment  |  Financial News

As the US is considering raising rates, other countries and their banks are looking more and more at negative rates.  Not that, that should stop us, read more

The Missing Bullet Holes Problem
Updated: Nov 17, 2015 by ChrisCD  |  1 comment  |  Financial News

Article By: Scott Burns An anecdote from World War II tells us a lot about why most of what passes for investment data is wrong. 

December Rate Hike?
Updated: Nov 17, 2015 by ChrisCD  |  4 comments  |  Miscellaneous

So in the wake of the Paris tragedy will the FED (global instability) delay the expected December rate hike?

Callable Step-Up CD
Updated: Oct 22, 2015 by me1004  |  7 comments  |  Bank Deals

HSBC is offering the following brokered CD. From October 23, 2015 to October 23, 2018 the CD Rate in 2.5% It is callable on October 23, 2018.  If read more

NY POST Article Dated Sept. 21, 2015
Updated: Oct 10, 2015 by paoli2  |  7 comments  |  Financial News

NY The state Department of Financial Services is digging through the books of the troubled Melrose Credit Union, the Progressive Credit Union and the read more

Comments On 6 Month CD's.
Updated: Sep 8, 2015 by ChrisCD  |  1 comment  |  Financial News

Nice overview, summary of 6 month CD's from Bankaholic's Sabrina Karl.

Can The Fed Ignore This Market Rout?
Updated: Aug 24, 2015 by ChrisCD  |  3 comments  |  Financial News

I believe the stock market turmoil will continue until the Federal Reserve's September rate hike is taken off the table. If this happens, as I discussed read more

Are Your Brokerage IRA Cds Handled Like Stock Purchases??
Updated: Aug 13, 2015 by paoli2  |  10 comments  |  Ask The Community

I just realized recently (after so many years with both of our brokerages) that when I receive their statements it does not show an amount for the total read more