drazda said: Penfed increased their rates for January.
Term Dividend Rate APY 6 Month 0.35% 0.35%** 1-Year 1.10% 1.11% 2-Year 1.35% 1.36% 3-Year 1.400% 1.41% 4-Year 1.400% 1.41% 5-Year 1.750% 1.76% 7-Year 2.000% 2.02% Difficult to justify any of these given Ally and Barclay rates 5 year rates with penalties that result in >1% interest after only 11 months.
Waffles said: The Lutheran Church Extension Fund is offering a 2 year ConnectPLUS Term Note that pays 3% on the first $5,000 and 1% on amounts exceeding $5,000 (not available in OH or PA). LINK
There is also a Young Investor Steward Account that pays 3.5% on the first $1,000 and 1% on amounts exceeding $1,000 (not available in SC). LINK I haven't checked the 2nd link but the 1st one is not FDIC insured, just FYI.
gonzo787 said: psychoslowmatic said: Tobyhanna FCU 7-year Prime Rate Certificate. It has a few unique features:
1) Rate is Prime-3.75% with a 3.04% floor, 7.23% ceiling for up to 100k, 0.05% over 2) Min 1k to open 3) Additional deposits at any time of any amount are allowed 4) Two year's interest early withdrawal penalty, which can bite into principal if it's been open <2 years 5) Have to reinvest interest 6) Membership available to everyone through American Consumer Council, but they do a hard pull.
Seems like cheap insurance against a continued low rate environment to open it with the min and wait a couple years. I'm kind of tempted to open it and refi into a NavyFed 5/5 (from a 15 year) then see if it makes sense to pay off the house when it vests. Take any discussion to the discussion thread.
Surprised there hasn't been more discussion on this. If you want a long-term safe way to earn a few %, this seems to be the way to go, no? As of this AM, Tobyhanna is now Valor FCU. They have discontinued the Prime rate certificate.
Deposit Accounts post on this deal The rep tells me this has been extended until January 31st (money must be received by then). After being alerted by user "Argyll" about some very sneaky fine print in this deal, I called Connexus and verified:
If you withdraw money early, all remaining money is frozen at the interest rate tier it is currently on. So if you withdraw 50k of a 100k CD after two months, the remaining 50k earns only 1% for the remaining 10 months instead of stepping up to 1.5% and then 2%..
It's really too bad because the customer service at this CU is the best I have ever seen.
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
Earn Cash Back while you shop - just 3 simple steps.
1. Sign Up so we know who to pay! (It's FREE.)
2. Shop through FatWallet for deals from your favorite stores. Your online purchases earn Cash Back that builds in your FatWallet account.
3. Get Paid by requesting a payment via check or PayPal.
FatWallet coupons help you save more when shopping online. Use our Coupons Search to browse coupons and offers from thousands of stores, gathered into one convenient location.
As part of our FatWallet Community, you can share deals with almost a million shoppers in our forums. Forum content is generated by consumers for consumers. Share deals, money-saving tips, and more. It's FREE, fun, and addicting.
Our customer experience team is here around the clock - real people ready to assist.