Thread: CD Rates

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  1. #1
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    CD Rates

    Picked a CD up last week issued by BMO Harris. 7 year maturity 4% yield. I believe it is callable next year but tough to pass up 4%.

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    #2
    It's getting better and better for super savers. We've seen 3.0% for 18 months.
    As always, there's a silver lining in nearly everything. CDs are on the move.

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    #3
    PenFed CU has 3.5% for a 5yr. Im still holding out though.

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    #4
    18 months ... 3.0%


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    #5
    What is the opinion of a 3 year fixed annuity @ 3.5%? GBU Pittsburg.

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    #6
    Quote Originally Posted by Bassin08 View Post
    What is the opinion of a 3 year fixed annuity @ 3.5%? GBU Pittsburg.
    I'm not an annuity fan, period.

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    #7
    Quote Originally Posted by TampaJim View Post
    I'm not an annuity fan, period.
    Why?

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    #8
    Quote Originally Posted by Bassin08 View Post
    Why?
    Wouldn't an annuity have fees whereas a CD would not?

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    Quote Originally Posted by Bassin08 View Post
    Why?
    Insurance company, not backed. And you can do better, for sure.
    Otherwise, they'd not offer it. Plus there's always fine print too.
    I'd stick with CDs, Treasuries and Series I Bonds (now 9.62%).

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    #10
    Quote Originally Posted by NitroZ7 View Post
    Wouldn't an annuity have fees whereas a CD would not?
    There are not any fees for me to own. The financial advisor gets paid by GB Financial for selling them.

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    #11
    Quote Originally Posted by TampaJim View Post
    Insurance company, not backed. And you can do better, for sure.
    Otherwise, they'd not offer it. Plus there's always fine print too.
    I'd stick with CDs, Treasuries and Series I Bonds (now 9.62%).
    CD’s yes, but the others may not be good in a IRA?

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    #12
    Here is a 2 year from Goldman Sachs, that pays monthly.
    It is a year less maturity than the annuity and pays 3.35%.


    GOLDMAN SACHS BANK USA (NY)
    CUSIP: 38150VDH9
    3.350% 07/08/2024
    Buy


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    #13
    I will check this out with the advisor we are meeting with tomorrow. Maybe he can get me a CD there?

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    #14
    Quote Originally Posted by Bassin08 View Post
    I will check this out with the advisor we are meeting with tomorrow. Maybe he can get me a CD there?
    My screenshot for GS is thru Schwab, one of my brokerages.
    Your brokerage should have a nice long active list of options.
    IRAs absolutely have access to Treasuries & Corporate Bonds.
    Series I Savings Bond are direct. But small amounts anyway.
    You're limited, $10k/person/year, buy at US Treasury Direct.

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    #15
    I don’t want any on-line CD’s or bonds. My wife does not use a computer, so if I die it would be very difficult, or impossible for her to redeem them. I have to keep it simple with brick and mortar, or through an advisor who can help her. I would love to put 20K a year in the I Bonds.

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    #16
    Quote Originally Posted by Bassin08 View Post
    I don’t want any on-line CD’s or bonds. My wife does not use a computer, so if I die it would be very difficult, or impossible for her to redeem them. I have to keep it simple with brick and mortar, or through an advisor who can help her. I would love to put 20K a year in the I Bonds.
    Other than an I Bond, a treasury or cd would be in your brokerage account just like any other thing you buy. You would get an account statement every month and it would show it just like anywhere else.

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    #17
    Quote Originally Posted by Bassin08 View Post
    I don’t want any on-line CD’s or bonds. My wife does not use a computer, so if I die it would be very difficult, or impossible for her to redeem them. I have to keep it simple with brick and mortar, or through an advisor who can help her. I would love to put 20K a year in the I Bonds.
    Anything online thru your broker, will become immediately available to her upon your death.
    It's simple. She can contact the advisor, set a meeting & handle everything in person, not online.
    Not one bit different than online banking, as long as the bank has a brick and mortar location.
    My Schwab broker is in Orlando, by design. But there's a smaller walk-in shop in Tampa as well.