So is there ANY reason NOT to open this account if you can live with the fact that it's something of a pain to get your money out? (I have a Lockheed Credit Union location about 30 minutes away, I guess that's helpful).

So what's an "Internal Transfer"? If I go to the physical credit union, can I get a bank check or something if I need it?

The rate can change at any time...OK...what's it tiered to? Is it going to increase now that the Fed has increased the discount rate again???

Kwad

Is there a reason I can't link the savings accounts to ING(only initial account obviously). Or you can get a checking account and definitely link that.

decades said:So is there ANY reason NOT to open this account if you can live with the fact that it's something of a pain to get your money out?

Reason 1) you can get 4.5% with an Everbank checking acct.
2) you can get 4.0% with an Amboy direct money market maximizer and easily
ACH money in and out

granted the above are promo's , gauranteed for 3 months , but thats longer than Lockheed gaurantees its rate. Nothing wrong with Lockheed , it would be my third choice though.

How is it at all a smart move to go with a 4% account that you'll probably need to move money away from in 3 months? As for Everbank, that's also not a good deal as .5% on 30K will net you $36 in 3 months, but then the downtime of transferring money to an account that gives a sustainable 4% rate after the teaser rate expires (assuming 2 weeks of transfer time) will cost you $50. Teaser rates are usually for suckers, don't get drawn in by them. Give your business to a company committed to a consistently high rate.

I just talked to LFCU on the phone after receiving my signup papers from them. The person on the phone said the 4% rate was through at least March 2006. Not bad for a "promotion", especially with interest rates going up.

Here's the link
Link

I requesed some info via email and just received it.
If someone would like to host it, send me a PM.
Some PDF's.

davelanton said:props to SNAP14 for the info on this account! (as seen in the Daughter of the Mother of all Online Banking thread)


.Lockheed Martin FCU is open to all for membership if you join The Achievers Club for $5

You can simply click the "Achievers Club" while filling out online application and the application will go through. Saves the $5 fee for the Achievers Club.

Read the rest of this thread. Savings account is required, and the free checking account is the easiest way to get money in/out for no charge.

KwadGuy said:Someone on the "daughter of all threads" is claiming the 4% deal has now ended. Can anyone confirm?

Kwadwouldnt the most accurate way to confirm be to call them tomorrow?

walletfart said:KwadGuy said:Someone on the "daughter of all threads" is claiming the 4% deal has now ended. Can anyone confirm?

Kwad

I just called and it ended last Friday.

Yup now it only offers 3.5% APY