I think there is no link because it is really new. The site seems legit
I think there is no link because it is really new. The site seems legit
Alliant CU is paying 4% apy (just dropped it down a little.from 4.35% apy) and Alliant has always paid relatively high savings rates....and for Alliant anyone can join, simply by joining either their local pta or the national pta for $25.....
I am one of those 50 plus members of AARP...though i never opened this particular savings account...they are not like BOA..they would check...and you have to be a full member to get this...which means 50 plus...i wouldn't reccommend lying about your age..it's not worth it.....
jailguard said:Anyone notice the official AARP website has no links to aarp savings?
http://www.aarp.org/aarp_benefits/offer_financial/
Could this be a scam?
WHOIS says:
Registrant:
AARP Services, Inc.
601 E Street NW
Washington, DC 20049
US
Domain Name: AARPSAVINGS.COM
Administrative Contact :
Williams, David
dawilliams@aarp.org
601 E St.
Washington, DC 20049
US
Phone: 202-434-3672
Technical Contact :
Sys Admins, WSO
wso_admin@aarplist.org
601 E Street
Washington, DC 20049
US
Phone: 202-434-3674
Record expires on 31-May-2011
Record created on 31-May-2006
So yeah, it's legit. I emailed my mother and a close friend about it. I know y'all were redding poo, but my close friend (over the age of 65) does not trust "internet banks." I have fruitlessly tried to get her to open online accounts a few times...maybe this time she'll actually go for it. Her husband is even wary of credit cards and got annoyed with me when I convinced her to open the Citi CashReturns 5% Cash Back card. Now obviously I know that not all people age 60+ are like this, but I believe that I can safely say that their attitudes are far more prevalent in their age demographic than in mine [born in the disco decade].
poo said:UncaMikey said:...
I am a AARP member already, but am wondering, what's the catch? How can they pay so much more than anyone else? If I go to the trouble of setting up an account, are they likely to drastically lower the rate next week? I am not normally a rate-chaser, but these rates are so much higher than anyone else, it makes you wonder.
...
I'm not putting down seniors or older members, but how many people aged 50+ trust an internet bank (non-local bank), not already have their money tied up, or are even aware that the local 2.5% interest rates are bad?
Hey! Unca! Lots of FWers are over 50! Get ovr yourself!
Anyone opened an account yet? How was the opening process? And do they give you an account number instantly so you can wire the funds?
zzbeer said:National City®Special CD OffersNationalCity.com Locations Contact US Search
Great CD Rates From
National City What the heck does this have to do with AARP Savings accounts?
If you meant to show that another bank has similar rates, say so and don't use up bandwidth by quoting the entire bank page.
UPDATE: Hey, someone has to try this out, so I just applied online.
Online account application went fine. They asked for SSN, DL#, DOB and some other questions, paused to verify that info against my credit history, approved in about 60 seconds. Downloaded signature card, which is to be returned with initial deposit.
One nice feature: you can send the sig card and deposit check via UPS Store, for free. You download a UPS Work Order Deposit Form and take it to any UPS Store.
There seems to be a fee ($30) if you close the account in less than 180 days.
So far, so good. I have done all my financial stuff online for a long, long time, and the AARP site seems as secure and efficient as any. I will add to the savings account if all goes well. Once I get the ABA routing number and account number, I'll set up the the AARP account in my primary investment account, so I can transfer money in/out.
Edited to add: I got a verification email immediately. Funding checks are made payable to Huntington Nat'l Bank.
My credit union (Connecticut State Employees Credit Union) has a share account (regular savings account) with a 4.25% rate. The rate changes quarterly and has been consistently higher than the cd rates. Why tie up your money when you can keep it liquid and wait for a good investment to come along!
I worked at a credit union a long time ago and they just set the rate at what they needed to get new money into the credit union.
Sunsue2 said:Why tie up your money when you can keep it liquid and wait for a good investment to come along!
These AARP interest rates are for savings accounts, not CDs -- your money is not tied up, although apparently there is a small fee if you completely close your account in less than 180 days.
Did they give the account number immediately so you can perform the wire transfer?
A wire transfer is an option for initial funding, but I believe those cost $20.
I have an account number, but no ABA routing number. I plan on doing the initial funding by check (how 20th century!) then set up the AARP account in my investment account at another institution so I can do ACH pull/push.
beethovengirl said:my close friend (over the age of 65)
pics?
Here is the number for the wire transfer I gather from their website:
Wire Transfer
To send an incoming wire to your account, provide the sending financial institution The Huntington National Bank's routing number (274070484) and your account number (located in the bottom, middle portion of your check). If the wire is being sent to fund a new account, simply note "New Account" on the wire transfer. Please ask your bank to use the following wire instructions:
The Huntington National Bank ABA# 274070484
Credit: Your name and 9-digit account number
You can complete and print the online Wire Transfer form and take it with you to your financial institution. To access the Wire Transfer form, click here. The form includes all of the information (detailed above) that you will need to initiate the wire.
If you have any questions regarding deposit information, call the Customer Care number at 866-421-5806, and for international calls, call 317-229-4011.
UncaMikey: Did you apply for the Jumbo MM Savings or Regular?
I filled out the application yesterday and was put on hold for 1-2 business days. I opened the Joint Account for the Jumbo MM Savings. They did send the e-mail, thanking me for applying.
If your account opened right away, don't understand why I was put on hold. I'm going to call the number tomorrow to find out the reason. 
pattyb53 said:UncaMikey: Did you apply for the Jumbo MM Savings or Regular?
I did a joint account for the Jumbo. I set up an account ID and pwd, and can log on to see my acct number. But of course it's not funded yet, and I don't think it's active until they receive the signature card.
After I entered my info, they asked 3-4 multiple choice questions, such as, What street did you live on? (The correct answer was a street I last lived on 10 yrs ago.) What city have you lived in? (Correct answer was a city I no longer live in.) etc etc. Obviously they pulled in information from my credit reports to verify my identity.
Maybe there was some discrepancy between your answers and what they were showing on their reports? I bet you can clear it up with a phone call.
Argyll said:Can you set up for free ACH transfer?
I poked around online, and didn't see anything about ACH transfers, only trfs between AARP accts and wire transfers.
With the ABA # and an acct #, however, I plan on adding the AARP acct to my account at another institution, and do ACH push/pull from there.
craig10x said:Alliant CU is paying 4% apy (just dropped it down a little.from 4.35% apy) and Alliant has always paid relatively high savings rates....and for Alliant anyone can join, simply by joining either their local pta or the national pta for $25.....
I am one of those 50 plus members of AARP...though i never opened this particular savings account...they are not like BOA..they would check...and you have to be a full member to get this...which means 50 plus...i wouldn't reccommend lying about your age..it's not worth it.....
I am 31 and just tried to get an AARP membership online. It appears that being 50+ is not a requirement.
Anyone try joining AARP while under the age of 50. I mean well under the age of 50?
Hmmm tried to signup, but ...
Our records indicate that you already have an account with Waterfield Financial Services. Please contact customer service at 1-866-421-5806.
Called them up, voicemail asked for my SS#, and told me no such account existed.
poo said:I'm not putting down seniors or older members, but how many people aged 50+ trust an internet bank (non-local bank), not already have their money tied up, or are even aware that the local 2.5% interest rates are bad?Hey, get off my lawn, you punk!
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