Online CD’s

[WCB]

Experience??
Barclays look pretty good at 5.5%

[DaveC]

I'm not sure about the Onlines.

My local credit union has a 9 month promo 6% CD deal going on right now.
Says you can open an online CD for non members.
Link-
Certificate Of Deposit | TX Credit Union CD Interest Rates | CRCU

[WCB]

I'm not sure about the Onlines.

My local credit union has a 9 month promo 6% CD deal going on right now.
Says you can open an online CD for non members.
Link-
Certificate Of Deposit | TX Credit Union CD Interest Rates | CRCU

I’ll check it out as 6 is good. Do you know the minimum?

[Txhunter3000]

I’ll check it out as 6 is good. Do you know the minimum?

Probably has a maximum that won't be attractive

[WCB]

Probably has a maximum that won't be attractive

Maximum?
I don’t have a ton to invest but I’m probably far away from any maximum. lol

[DaveC]

I put 10K in and asked how much I could add later. (transferred from an account within the CU over the phone)

They said you can open with as little as $100.00 then add up to 10K later.
I explained I'm opening with 10K, how much can I add later........crickets.
Poor girl repeated what she already told me.

I wasn't really that worried about pushing for an answer, which might be $20k total using her statement.


I do know their online banking website (which I greatly enjoy using- major thumbs up for getting it right) isn't allowing me the option to transfer more into it so maybe 10K is the cap?

[scott123456789]

If you open up a brokerage account at vanguard their holding account is paying 5.2% with pretty good liquidity.

then when you are ready to take the next step in your investing journey hopefully buying a total market stock index fund, you will have your account open ready to roll .

[DaveC]

Hmm, now you've got me wondering if I could have opened 2 - 1 in my name and 1 in my wife's name.
I'm pretty sure they asked if I wanted both our names on it and I recall answering yes.


Upon further review- looks like 10K is the cap.

• You may add on to your certificate at any time during the term not to exceed $10,000. This add-on does not apply to IRA and HSA Certificates.

[Texas Grown]

Man, I didn't know CDs were so much! I've got a ton of them, that I might bargain off for the right price. They have The Who, Led Zepplin, Rolling Stones, Fog Hat, and more on them. Even some bands from the 1990s.

[WCB]

Man, I didn't know CDs were so much! I've got a ton of them, that I might bargain off for the right price. They have The Who, Led Zepplin, Rolling Stones, Fog Hat, and more on them. Even some bands from the 1990s.

[bbqfan5909]

Amex has HS savings at 4.6% with 250k min, click of a finger and cash is back in hand.

[RiverRat1]

There are a few tax free bonds coming out around 5%. If you don't mind some money being locked up for a period.

Side note - With risk free rates getting this high does anyone think the stock market will start to suffer? People start shifting to risk free 5-6% CDs and bonds the markets start down and then keep going. More so if people need money to live and start taking from 401k or just stop putting into 401ks. Or shifting 401k from stocks to 5-6% risk free.

[sboudreaux]

If you open up a brokerage account at vanguard their holding account is paying 5.2% with pretty good liquidity.

then when you are ready to take the next step in your investing journey hopefully buying a total market stock index fund, you will have your account open ready to roll .

This, I opened a 7 month CD bumping 5% in August then talked to my FP and he has money market accounts in the 5's. I wish I would've reached out to him first!

[Huntingfool]

I have a money market with Fidelity that is at 5% - I use this for money I may need in the next year. The rest I put into their one year CD at around 5.5%.

For my long term money I put it into a guaranteed fixed rate annuity for 5 years locked in at 5.5% for all five years. If need I can withdraw up to 10% each of those five years with no penalty.

I am 70 and retired so if I can average in the 5% range overall with zero risk I will take it all day long!

[Greenheadless]

Amex has HS savings at 4.6% with 250k min, click of a finger and cash is back in hand.

I have an Amex HYSA for my emergency reserves.

No min., no max (only up to $250K FDIC insured), unlimited transactions, and you stay liquid. If I’m not mistaken, they are at that rate or slightly higher with the last notice I received of rates going up.