www.usaa.com

averyginger said:Which bank is USAA? I googled it, seems no hit. Thanks!

CornHusker said:USAA Rate

Fixed 30 Months 3.07 3.11 Min Dep $1,000
Fixed 36 Months 3.30 3.35 Min Dep $1,000
Fixed 48 Months 3.69 3.75 Min Dep $1,000
Fixed 60 Months 4.46 4.55 Min Dep $1,000
Fixed 84 Months 4.50 4.59 Min Dep $1,000
Fixed 36 Months ARC* 3.05 3.09 Min Dep $1,000
Fixed 48 Months ARC* 3.44 3.49 Min Dep $1,000
Fixed 60 Months ARC* 4.21 4.29 Min Dep $1,000
Fixed 84 Months ARC* 4.25 4.33 Min Dep $1,000

*Rate will be adjusted to new, higher rate one time. Maximum adjustable-rate CD increase is 2%

a) Three hundred sixty five (365) days interest on the amount withdrawn on certificates of deposit with terms of seven years or more.
b) One hundred eighty (180) days interest on the amount withdrawn on certificates of deposit with terms greater than one year to less than seven years.
c) Ninety (90) days interest on the amount withdrawn on certificates of deposit with terms of one year or less.

So, I think its 5-year fixed is good. Do you think so?

current best 36 month CD rate is at PATELCO credit union.

www.patelco.com


4.07% APY 36 month

tooshy said:Bankrate article

Has anyone bought CDs from a broker before? Can anyone share their experiences? The article mentions the pros/cons of buying CDs from a broker. I'm wondering as interest rates start to climb, whether this is a better route or worse, or just another option.

Been buying CDs and bonds from the large brokerage houses for years. Their rates are usually a little higher although lately that's not been quite so. They do have creative products like inflation linked Cds. Their CDs are also liquid. But you have to have an account with them and that usually costs about $100/yr. There's no additional charge to buy CDs.----z

It's an annual acct fee, like an annual fee for some cc's. They say it pays for the administrative costs of the acct, whatever. If you own mutual funds, stocks or bonds with the brokerage house, the Cds go into the same account. There's no broker fee for the CDs, they're paid by the banks for issuing and selling the CDs. The discount brokers may not have this high an annual fee if any, but I have no experience with them or their CD inventories. You're right, the brokerage houses usually don't show their CD rates on their websites, you need to call or have an acct.

Your link, Toosh, to Bauer Financial was very helpful. Those rates are competitive with the brokerage houses, but as said earlier I like the inflation linked CDs and the liquidity at the brokerage houses. At banks the CDs are time deposits only, the brokerage houses treat them like bonds..-----z

um, are there any sites that show CD rates for local banks?

PSECU.com in PA has a 5yr CD @4.5% with a only 90 day interest penalty for early withdrawal. If you think about it, this could be a 4.25% 1 yr CD. Skeretz44's post is 4.5% with the one year bust. Maybe we should start listing the best CDs with a 1 yr bust rate.----z

Thanks for the accurate correction. It's late and I have no idea how that erroneous calculation misfired in my neurons.----z

I'm new to the site and I'm finding valuable info. I went to bankrate.com and saw Nexity had a good rate for cds. Is there anyone familiar with Nexity?

There are probably better rates out there, but just FYI

I got this from my alumni association, but it doesn't say you need to be a member or anything.

MBNA - Minimum $2500
Rates valid 8/16/04 - 8/29/04
60 month - 4.70% APY
36 month - 3.75% APY
24 month - 3.21% APY
18 month - 3.00% APY
12 month - 2.65% APY

To check current yields or to open account, call 1-800-414-1220. Please mention priority code LB09M.
Monday through Friday 8am - 8pm, and Sat 8 to 5 Eastern time. Some other standard fine print....

MarketVViz said:I REALLY like the idea of posting "best near risk free return you can get for a one year period". So far, PSECU.com's 3.39% is the best deal I've been able to locate (although real APY might be slightly less due to lack of factoring compounding -- i.e. interest in the last three months is slightly higher than interest in the first 3 months).


Anyone know if the PSECU 3 month only interest penalty is rare?? How did you even find that place? Anyone actually have an account with them? Seems like a great deal to me. Anyone know of a better one year low risk return? I will probably use these for the latest 0% credit card deals. Beats ING or any money market, and beats any one year CD."


--I've been with PSECU for many years and it's an above average CU. Their website is decent, internal transfers are a breeze, they offer the system where one can input a check electronically for immediate deposit (similar to the coming Check21 system) and then snail mail it in (I just use ATMS though). Like most CU's, they're easy to join since you just have to be "related" to an eligible employee of the state institutions.

Never busted a CD with them yet, but overall they're easy to deal with.--z

PS If we find other CU's with excellent rates with or without busts we may want to establish a conga line of all eligible cousins in the FW community.