Let me mention one more detail -- and it can make a world of difference. Which add-on CDs allow one or more penalty-free withdrawals during the term?
I have exactly that at Credit Human in Texas. What they call their "Liquid CD." It's a 1-year term, currently paying 4.5% APY. Minimum to start is $5,000, and it may never go below $5,000. You can add what you want at any time, as many deposits as wanted. A significant benefit, you can make two penalty-free withdrawals during the term, as long as you don't go below $5,000, plus at maturity, of course.
Are there any similar deals for add-on CDs, with some number of penalty-free withdrawals?
I, and I'm sure many others, can't get sqaut for savings accounts, not reliably. You open a good one, and six months later they cut rates to zip. I need to keep a significant amount on the side for certain reasons, and that means liquid. I might never need it, but I very well might at any time. But I can't get only a pidding 0.10%, or 0.25%, or even 3.25% on it in a savings account - that ought to be paying $5%+ now, with the Fed rate at 5.24%-5.5%! 4.5% locked in now likely will seem a good deal in two months. People now in savings accounts at 5%+ might find they are getting a lot less in two months - their return is not reliable. I would not mind other options thatn Credit Human (although I have been satisfied with them), maybe someone will offer 4.75%, whatever. (4.5% bothers me right now, as I previously got this Liquid CD at 5.7%, and am still getting that for the next two months. It kills me to drop to 4.5%!)
Please check that one more detail when checking whatever list you have of add-on CDs. Thank you.
Notice for AgFed Credit Union Asset Builder Certificates.
Rates are subject to change without notice and during my opening Asset Builder Certificate the website says " Variable rates APY". Agent on the phone confirmed, they can change APY rates during its term.
Let me mention one more detail -- and it can make a world of difference. Which add-on CDs allow one or more penalty-free withdrawals during the term?
I have exactly that at Credit Human in Texas. What they call their "Liquid CD." It's a 1-year term, currently paying 4.5% APY. Minimum to start is $5,000, and it may never go below $5,000. You can add what you want at any time, as many deposits as wanted. A significant benefit, you can make two penalty-free withdrawals during the term, as long as you don't go below $5,000, plus at maturity, of course.
Are there any similar deals for add-on CDs, with some number of penalty-free withdrawals?
I, and I'm sure many others, can't get sqaut for savings accounts, not reliably. You open a good one, and six months later they cut rates to zip. I need to keep a significant amount on the side for certain reasons, and that means liquid. I might never need it, but I very well might at any time. But I can't get only a pidding 0.10%, or 0.25%, or even 3.25% on it in a savings account - that ought to be paying $5%+ now, with the Fed rate at 5.24%-5.5%! 4.5% locked in now likely will seem a good deal in two months. People now in savings accounts at 5%+ might find they are getting a lot less in two months - their return is not reliable. I would not mind other options thatn Credit Human (although I have been satisfied with them), maybe someone will offer 4.75%, whatever. (4.5% bothers me right now, as I previously got this Liquid CD at 5.7%, and am still getting that for the next two months. It kills me to drop to 4.5%!)
Please check that one more detail when checking whatever list you have of add-on CDs. Thank you.
Notice for AgFed Credit Union Asset Builder Certificates.
Rates are subject to change without notice and during my opening Asset Builder Certificate the website says " Variable rates APY". Agent on the phone confirmed, they can change APY rates during its term.
NASA Federal Credit Union 12 months Add-On Share Certificate has maximum $2,500 per month add on.
Thank you.