Top CD Rates 2023: 6-Month CD 5.25% APY
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- Опубліковано 7 лип 2024
- A 6-month CD 5.25% APY - truly one of the best promotional CD offers that I’ve seen thus far in 2023 at the time of this taping. And that’s what I’ll be talking about in today’s video:
- which bank is offering this CD
- what you need to know before buying this CD
- how to buy this CD step-by-steep and
- some key considerations to note when buying this CD.
SOURCES
www.newtekbank.com/certificat...
www.newtekbank.com/faq
banks.data.fdic.gov/bankfind-...
www.nasdaq.com/market-activit...
careports.sba.gov/views/7a504...
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#jenniferlammer #bonds #fixedincome
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Jennifer using a brokerage firm what is your guess will be the highest CD interest will top off at ? In may do you see CDs rise ?
Priority oneecu. 7% on 12 month
Jennifer sorry for a stupid question but say $100k on a 5.12% APY 6month cd would equal $2.5k+/-?
Jennifer, that was a lot of work on your part for us... bless you soul!
I rarely comment on videos, but that was an excellent, professional, complete video!! Very well done! 👍🏻
Thank you, Jennifer. These kinds of short term, high yield, savings options are invaluable, especially those with liquidity for emergency funds. And your introduction to the variety of online banks out there is so helpful. I think you've successful removed the doubt and certainty associated with online banks. In the long run, this will result in ever greater competition among the banks and higher yields for the CD and money market funds. You are very thoroughly and intelligently filling the informational void with respect to the availability of these beneficial online products. Please continue, as your efforts are very much appreciated.
Thanks Jennifer! I did the Marcus one. I prefer the fewer restrictions, lower minimum balance, and less snooping into my personal info. Don't think I'll bite on the Newtek offer but thanks for doing all that work so we can compare offers!
Thanks I was just thinking of buying a 6 month and your video popped up!!
Thanks Jennifer for doing so much research for us. I’m not jumping in just yet. I really want to get the best rate & keep it simple if possible. 🙏🏻😊🙏🏻
Thanks Jennifer for doing all that work. You're the best.
Thanks, Jennifer. Your videos introduced my wife and me to CD and T-Bill ladders. We now have both in our Fidelity accounts (taxable. IRA, and Roth IRA). Lack of autoroll on 17 week T-Bills makes us keep up with what's going on, but that's OK. Doing something is more fun than just watching. One thing, for the 1 year rung of our CD ladder, I chose Chase. Not the highest rate, but the least likelihood that I'll have to get my money back from the FDIC! 🙂
This is a great and very informative video... Thank you!!
This is awesome information. You explained everything very clearly and easy to understand. New subscriber!
AMAZING! THANK YOU
Jennifer - you are doing an amazing job to educating people and thanks for sharing this deal.
there are better ones - 27 month at 5.15%
@@gg80108 rates are already declining in many places - 6.25% for 7 years can't be beat with direct buy annuity with no aquisition costs. Of course you need to keep it in there, but can withdraw 10% anually without a penalty.
Great video as usual, thanks!
Excellent video as always, very well explained. Thank You 😊
Your video is so clear, concise and informative.
Watched your post yesterday, researched it, scanned my passport and Social Security card, then went online created an account. Wasn’t asked for any sort of ID verification or proof of residency .
Linked my bank account and received immediate response.
Successful transaction! Too easy!
Thanks for sharing excellent financial advice.
You are great, Happy Easter !
Jennifer
Thanks for your thorough information, it had me further investigate Newtek with my three CPA advisors (all siblings).
I opened two separate CD accounts for just above the minimum and it was not easy. Their screens have changed slightly and kicked me out multiple times. Linking my account at my bank also took longer than expected. My money did not show up in the CD account until the third day…the suspense was painful. I suspect only the “patience of Jobe” crowd will join up.
I look at this all as a learning experience but the rate should ease my trauma.
Thanks again for your presentation. Plus…if you have to rely on your husband to find your Social Security card ??……he deserves at the very least a “snuckums”as a shout-out….
Thank you for sharing, easy to understand, excellent!
Thanks for going through the pain of opening an account so we know what to expect!
Awesome . Thanks .
Thanks for all you do for us. Your information is always thorough yet clear. I was in the Fidelity site yesterday and there is a Chase 5.1% 12 month CD with a $1K minimum (no fractional option). The Newtek CD discussed is a lot of hassle to set up. I wasn’t asked all this info for a 30K credit card or buy a car (without a 2 day review) let alone trying to open a bank account and deposit money. A 30 page document from a 300 M bank? All the effort required makes me sense this CD, while attractive is a one trick pony.
Chase CD with 5.1 that you looking at yesterday is not Call Protection 😢
Hey Jennifer, you forgot to mention that you also need to add the Birth Certificate of your first born, for collateral.
Right - I should’ve added that as well ;-)
Another great video!
Just found u and find ur explanation very clear and easy to understand and follow. Great content. May want to check out Presidential advantage checking with high yield of 4.53% up to $25k then over 3.5% for anything over. Some hoops to jump through but works for me as an operational account.
Thanks for sharing!
Jennifer, CIT bank is now offering a high interest savings rate of 4.75%. I found this out while exploring your brief video on CDs from the same bank
Thanks - that’s actually in the next video
I was a little nervous opening my bank account info in their web page. I opened my bank account on a separate window and seems to have worked out ok. They said the transfer had occurred but no record of that in my account until the end of the next business day. Did receive a call from them about one hour after opening account thanking me. Thanks to Cynthia too for mentioning them.
I don't remember doing any verification of identity either other than gave them my SS number and perhaps driver's license number. Did have 3 personal questions I answered. Don't remember them saying it would take 2 days to verify. Perhaps the amount put in made a difference?
Thank you
Great video 📹
I just signed up and they did not ask to upload any docs. Approval was instantaneous.
Thank you for your videos! I got the newtek CD because if your video. Thanks! It went for me the same it did for you. The CD automatically rolls over if you do not contact them through messaging 10 days prior to term.
🤩- wow do I love your videos! I’ve learned so much. Thanks for Sharing yourself so freely.
I would love a video on how the bond market & bonds work in general - ie when prices go up yields go down … is this referring to previously purchased bonds?
Noted!
Thanks for the info! I opened an 18-month CD for 5% APY with Ally Bank. Process took less than a minute and just a few clicks as I already have an Ally HYS account.
I get that banks have to jump through "Know Your Custom" hoops. But I really don't want yet another account for a teaser rate that I'll just be closing in 6 months.
Also, just because money is FDIC insured, doesn't mean you'll get it any time soon after a bank failure. It can take many weeks or even a month. Best to have many baskets for one's eggs.
Thanks for sharing
you can get 4years at 5% and some 3 year cd's even above 5% - so I-bonds are not really that attractive right now -
Just bought 6 mth T-bill last Monday (April 3 via treasurydirect) - 4.9%
Local bank offered (after buying t-bill) that week 5.1% on 5 year fixed annuity (which compounds if untouched to about 5.6)
..... Interesting.
Looking forward to I-Bond rate for May.
Thanks to you bought April last year - that year, this year and next year for both wife and me (gifting 2 years)
If rate in May is too low - might gift final year in Jan 2024, then dump all.
Love your channel!❤
If you have state income taxes, then T-Bills can still be the better deal, for instance a 5.25% CD is equivalent (for my income level and state taxes) to a 4.7% T-Bill. Since a 6-month T-Bill is now at 4.9%, the T-Bill is a better deal for me as it offers more after-tax profit.
Thanks for sharing!
Thank you - especially for all the details about getting out at maturity. I wouldn't 't mind the hassle if I lived in a state with no state income tax. I'll stick with a 6 mo T bill at Treasury Direct - I'm guessing it's still a better choice for me because of Maryland state and local county income taxes (around 8% for me last year). I made a huge mistake buying a 14 mo CD at 5% APY last month when I thought T bill rates were going to stay down after that flight to safety drop. I will watch for the inevitable drop, but the ladder strategy offers some protection. Thank you again for the ladder video - I've been a subscriber ever since.
T-Bills are definitely better for you, Google "taxyieldcalc fidelity" to figure out how much better using the calculator at Fidelity. It tells you the APY equivalent of different securities with different taxable statuses based on your state/local tax rate and your bracket based on your income.
@@SpaceClick Wow - That's phenomenal - it even takes county taxes into account --Thanks
Thanks for sharing Anne
Good that you included the cautions about Taxes. With many treasury rates in the 5% ballpark these days, and a lot of states with tax rates in the 5% ballpark, that means you have to be getting 0.25% better rates to even break even (and it gets to be an even larger spread if you have a local income tax as well). Add in the complexity and sometimes headaches of adding more and more locations to park your money and sticking with the Treasury options keeps looking good (assuming you already have an account there).
It can be easy to get drawn to the Higher APY advertised, but what really matters is how much you keep after the government grabs their taxes from you.
Aren't the taxes only on the interest? E.g. 100 bucks at 5% would yeald 5 dollars. Isn't the taxes even at 5% be on the 5 dollars meaning the state tax would be 25 cents? If that's the cause, that's more than. Breaking even.
@@antimatter2380 Using your 100 example. CD worth $100 at 5.25% earns $5.25. Have to pay Fed and State&Local taxes on that. IF State is 5% then that would be $0.265 in State taxes, leaving you with $4.99 before Fed or Local taxes. T-Bill for $100 earning 5% has no State Tax owed, leaving you with $5 before Fed taxes kick in. The extra Intesrest 5.25% vs 5% really just goes to pay State taxes, and leaves nothing in your pocket.
The Bond and T-Bills being exempt from State and local taxes adds margin that has to be overcome to make alternative investments worth more.
@Pete S I wasn't trying to compare CDs and treasuries. I guess I just misconstrued your comment by thinking the 5% state tax would cancel out your 5% interest rate leaving g you with only the principle before any other taxes took effect. Hence why I was looking for clarification. Thanks for responding.
@Pete S You are absolutely right but T-Bills are an headache. Keeping on track maturity date, doing ladder, inconsistent APYs etc... Got into them a month ago and Im wondering if they are really worth it. Also 4, 8, 13, 17, 26 weeks etc are not really what they are when you calculate from auction date to maturity date (time the money is being invested): meaning 4 weeks are actually 34 days (instead of 28), 8 weeks 62 days (instead of 56), 13 weeks 95 (instead of 91), 17 weeks 126 (instead of 119), 26 weeks 186 days (instead of 182). So it actually brings the APY slightly down to whats advertised.
Thanks, great information, you are awesome.
I just located CD @ 5.50% APY for 19 months at HYPERION BANK.
Your thoughts?
thx you
I just opened the account and my account was approved. I did not have to upload any document. I believe on their back end they did a credit check and were not able to find your ID based on the information that you provided, assuming you're an independent contractor/self employed person. Since my employer uses a large payroll processing typically "credit checks" and "background checks" show up very easily and it's very easy to do KYC for individuals like me... which is a good thing and a bad thing because my info is out there but then again because my info is out there there are so many credit monitoring servers that have enrolled me over the years that for various "breaches" that I don't even know myself who is even doing my over watch these days from which institution for which breach or for what reason LOL!!!
But yeah... took about 3 minutes. I created a new email alias for this account so that took a bit of time.
Wow that was a lot of research to make me decide to walk down the block and throw some money in my local bank. 4.75 for 9 months
I got two 5.2% 6mo CDs at about the same time - Quad City Bk paying monthly, and Wex Bank paying at maturity. Then also got 5.3% to 5.4% 9mo and 12mo CDs. All from one brokerage account at Fidelity. The special opening of additional account is not worth the extra 0.05%. Love your videos still!
Awesome video. I hope they allow APO AP (military) addresses to apply with this promotional event
Let us know if/ when you find out!
Synchrony Bank just opened a 5.15% 14 Month CD. Slightly less but might work out better than a 6 month promo CD,
Opened a 6 mo. cd with Bask at 4.85% apy end of March. Just moved more into money market savings at ufb 5.02% apy. Still waiting for CFG to approve my application at same rate. Have a feeling rates will keep increasing. So will hold off on Newtek 5.25% cd.
Thanks for sharing
You are a star Jennifer, thank you for the work you put into these videos. You make it so easy to understand. As I was watching your video I went on my phone to ck this opportunity and I also saw that they just now have a 1 month cd with a 5.00 % apy. I am not a savvy investor, and this maybe be a very silly question on my part, but wouldn’t it be better to deposit in the monthly and let it renew automatically?
These high rates are usually a special promotion and if you just leave it to renew after maturity, it will be at the same term (e.g. 1 month), but not the same rate (usually a MUCH lower rate).
@@SpaceClick oh I see, many thanks for your comment. I would have to close the account during the grace period...
Saw this while searching for 6 month CD rates. 6-Month CD
CIT Bank $1000.00 min deposit. First Citizens Bank, of which CIT Bank is a division, has acquired Silicon Valley Bridge Bank, N.A. Daily compounding interest.
I’ll stick with brokered CD’s and T-bills. So much easier for fractional percentage diffs.
Thanks for sharing
@@DiamondNestEgg Thanks for all your videos! I’ve traded equities for over 40 yrs and your videos showed me how to transition to fixed income.
I had planned to do Marcus; only because I have my high-yield savings account with them and hadn't heard of this one. Decisions, decisins.
Not sure if I did something wrong or if it’s because I have the newest DL that basically knows everything about you but I was not required to download any docs. The process was fast and easy although the website is a bit clunky. Overall, good experience.
I just opened newtek bank and it didnt ask me to upload any documents. I was also approved for their cd and high yield saving account within minutes.
Thanks you for this information! You mention to first check the brokered CD rates and Treasury rates beforehand. Do you have a link to check these of maybe a past video that directs us how to do this? Thanks again!
Guaranteed 4% - 4.7% T Bills vs Brokered CDs?! Which Is Better? BUYER BEWARE!
ua-cam.com/video/zhEiyW2N7KE/v-deo.html
Marcus (Goldman Sachs) has a 10 month promotional for 5.05%. Their regular savings is 3.75%. I have all of my CD's there.
@@ksmith2852 It is online only.
With stackable referals and AARP membership, this equals 4.8% interest for up to a year. Not bad for a savings account with no restrictions. :-)
i moved 250000 out of Marcus since they are lower then many others now. There was a time when they were the highest but that is long over with - look around
I love her. She is amazing 👏 😍
Is there any bank offering high APY to the business account? Thank you.
I'm nervous now about buying bank CDs, as I bought 2 large ones with Signature Bank when they had the best rates, and look what mess we're in now. Attractive rates may not be what they appear on the surface. I suppose one of the biggest banks would be okay.🤨
We're you able to recover your money using FDIC?
Thanks for sharing - I’m also curious. How was the FDIC process for getting your funds back?
Seems like NewTek bank will attract savers but lower interest rate at the maturity. Is there a fine print about lowering interest rate at the maturity?
First Internet Bank of Indiana has a 12 mo CD at 5% also.
Thanks for sharing
Thank you for making videos. I have been watching most of your videos. Just wanted to say, other users, I tried opening an account with this bank about three days ago and haven`t heard from them yet. Also, there is no way to contact them at this time. So, I am kind of anxious about my account.
There is a contact number on their website if you want to call them.
Yes, that is a good rate, but it hardly seems worth the effort to open a new account just for this interest rate. I’d rather just buy a competitive CD in my Fidelity account without exposing my personal and financial information to yet another institution.
Thanks for sharing
Wow Jennifer, that was a lot of work.
Could you use your super-brain to make a savings comparison for a saver like me who is in a state that collects income tax (California)? I was wondering because a US T-bill is not subject to local taxation, so if the bank CD and the T-Bill were at the exact same interest rate, I would keep more money from the US T-Bill. Right now I guess the comparison would be the 26 week T-Bill @ 4.9% against the 6 month bank CD at 5.25%. Could you advise how that math works/comes out?
Another very detailed and concise video. Well done and thank you! Been doing 28 day T-bills for cash on hand and 182 day T-bill ladder for fixed income in TD Ameritrade retirement accounts. Any thoughts on future 6 month laddering and possibly one year laddering within TD Ameritrade?
I have my own ladder with TDA. I buy 8 weeks Tbill every week. Since is an investment account I use that as "double dipping". The margin req for Tbills is insignificant and I can use the same money to put marging position = "double dipping". Helps a bunch.😉
@motrader273 could you elaborate a little more on this
@@ronleggins6498 I have a portofolio margin account. If i buy TBills the margin is 9$ per each 1000 TBills. Is almost like have cash. each week i buy for example 10k in 8 weeks Tbills so by the end the 8th week they start paying back. Theoretically i used 8x10k=80k but the margin req is 90$x8=720 $. So I can reuse 79k to put positions(80k-720$). I call that double dipping. Money produce interest every week + i am using them for margin position. Mostly naked puts/calls. I hope that helps.
As usual great tutorial! why didn't you include hard working Husband as a joint co-depositor? (interested in seeing how a joint account is set up)
I wanted to keep it simple
Great content as always,you’re the best ❤,one question if someone have 4k right now,where can he invest it .stock or cd?my friend ask i don’t know what to tell her,I said let me ask you?🙏
Hi there - I can’t really answer this unfortunately (it depends on a lot of factors)
Thank you for reply 🙏❤️
Thank you, but too much work and another bank account to worry about. I'll stick with Treasury Direct and and make a quarter point less. Plus, this NewTeK is a very small bank with exposure to small business and a severe downturn is coming. They're hungry for new cash.
The after-tax gain may not be less if you have state/local taxes where you are. Treasuries are immune from state/local taxes.
Many high yield CDs can be called by the issuer. Does this apply to this CD?
Interesting.
Did that bank's fine print say anything about what the renewal interest rate would be if the money is left in the CD?
It renews at whatever the then current rate for the term is (at renewal)
My NewTek review is only about loans, I didn't find anything on CD's.
I didn’t find any reviews of their CDs either
THANK YOU FOR THIS VIDEO; I decided to go with Marcus by Goldman Sachs for 10 months; went well and all was very easy; I had an error at the very end, and it said it is at their end and working on it: Next morning is was all fixed; all looks good now; Your channel is AWESOME !!
Hello to those supersavers. I can share that canceling the CD with Newtek is a total pain. I would not select this bank now that I know how much work it takes to get my money back. There are better choices today.
Do you think buying a 2500.00 CD each month for 12 months then as each CD matures I would add 2500.00 to it and renew it. Do you think this is a good idea thanks
Hyperion Bank 5.5% 19 months CD and 5.25% 13 months, hope you can review this bank also 🙏
Thanks for sharing
Huntington Bank has a 5.05% (5.18% APY)† Guaranteed for 14 months With $1,000 minimum opening deposit - promotional CD
Hyperion 5.5% CD has been discounted. Website said CD promotion has been discontinued
Thanks for the info!
All the latest videos are focused on short-term CD, Money Market Fund, T-bills, FDIC insured online savings account. Yes, those videos are very helpful. Folks, have you thought about reinvestment risk? Yes, you can get north of 4-5% for a few months or up to 18 months. But what about a year or 18 months from today? If you look at the recent drop in treasury yields, from 2 years to 10 years, the market suggests that the "high yield" party is going to be over in 2024-2025. The market think the Fed is going to cut the rate either late 2023 or 2024. If you invest for the long term such as retirement, you cannot just focus on short term assets mentioned above.
Reinvestment risk is part of fixed income investing - if you believe rates will not continue to go up, then it may make sense to go for longer-maturity fixed income instruments or perhaps even other types of investments all together
@@DiamondNestEgg I fear the days when you can get 5% on 2-year treasury and 4% on 10-year treasury will be gone for good. When I watched the recent sharp decline in treasury yields from 2-10 years spectrum, I regret deeply knowing it is too late. I watch the market every day and hope the stock market (S&P 500) can drop 5-10% or even more. Right now there is too much money sitting on the sideline, and everybody is waiting for the drop. What do you think? Do you have a video on overall portfolio strategy?
Reinvestment risk is always on my mind since I won't use the cash invested until 2029 or 2030 but I keep an close eye on the rates and hope to spot a good time to jump from 6 mo T bill ladder to a CD ladder, bearing in mind I live in a blue state with moderately high state and local income tax
I can make enough short term over the next 2 years to pay my major bills for ten years.Some times you have to look at what you have accumulated over a lifetime and realize it is more than you will ever spend.
@@ATHJD07 If you put down $10,000 today by chasing CD or T-bill ladder, and generate 4% average annual return over the next ten years, you will end up with $14,802 at the end of ten years. On the other hand, if you put $10,000 to work by investing in a balanced portfolio and generate an average 6% annual return, you will have $17,908 at the end of ten years. The Cash strategy will underperform the Balanced Portfolio by 17%. While nobody knows for sure what exactly Cash vs Balanced Portfolio will produce over the next ten years, I am confident my balanced portfolio will beat Cash by at least 2% on an annual basis, and if I am lucky, I may beat Cash by 3-5% on an annual basis on average. Why? Because I am taking on more risk, shouldn't a Balanced Portfolio be rewarded for absorbing additional volatility?
My bank was calling me last week nonstop.
I went last month and they offered a 3.8% 1yr cd and a 2yr was 2.8%😮
Im concerned because banks are going under where to park $. Any advice would be well appreciated
Gd morning! Hope your having a wonderful day. So my question is. Would I be better off getting one CD for $2500, one CD for $10,000 or five $2500 cds? I have 10,000 to spare
I watched the signup process and I don't see how to make a corporate purchase -- it looks all personal. Is it possible to set up a corporate account?
Thanks for all your advice! I bought some I-bonds last year with your "help." 😀
Newtek has business banking as well - it would probably make sense to check that, but I'm not sure what the rates are for business banking.
I haven't seen my Social Security card since I was like 12 when my mom got it for me.
CFG BANK HAS A 12 MONTH CD @ 5.20% AND A MONEY MARKET @ 5.02% APY
You need to maintain $1000/daily. I
5.39% 12 Month CD @ Merchants Bank of Indiana
Thanks for the info
I checked, it's only 2.5%, can you put the link?
So, $2500. x 5.25% = $131.25 divided by 2 because it's a 6mo. CD = $65.62 bringing my total at maturity to $2565.62... is this right? Then at maturity it automatically renews and starts the 6mo. time period over again or does it automatically revert back to your bank account that it came from? Thank you, love your info.
I believe this one auto-renews after a week grace period, so you have to stay on top of it. It will probably renew with a new 6-month period, but usually at a much lower rate.
Great video, but not worth the hassle, rather just buy CDs on fidelity, 1 minute or less and your done
I'm debating between a 10 month CD at 5.05% and a 14 month CD at 5.25% . If it was you, which would you go with now?
I did the Newtek 1 month CD, took 1-2 business days to show, and my certificate says 4.88% instead of the 5% their website showed.
Thanks.Can one transfer money from Fidelity directly?
Not sure about this one - sorry
Jennifer, every single time I am asked to link my primary bank acct to another account by entering my user name and password, I panic and withdraw. Why do I have to do it that way? Can’t I transfer the funds from my primary account to fund the CD? I feel like I’m giving NewTek bank full access to my primary bank and it makes me so nervous!!!
I’m not sure about this - you’ll need to contact NewTek directly to see if there is another way to transfer & if you do, please let us know what they say!
BrioDirect is online bank for Webster Bank in CT & is offering promo 1 yr cd at 5.25%… I found fdic for Webster Bank but how do I know if BrioDirect is legit?
Question: Let make an example with the Newtek Bank, If I do $1000 with 1mth CD (4.50%), and repeat it 6 times, for sure I will get more yield than the same $1000 with 6mths CD (5.25%); however, I feel something wrong with this because it too good to be true. What is your opinion on this ?
Thank you !
Rates are quoted on an annualized basis
Not gonna link a bank account.
Why wouldn't anyone just get the 5 percent FDIC insured 3 months CD and 6 months CD?
Anyone knows what rate they pay for checking account where you have to maintain 2500? Thanks
Not sure if I understood this - but the 2,500 is to buy the CD (it doesn’t go into a checking account)
What if the Federal Reserve cuts interest rates in June? A longer term 3-5 year CD at the lower rate of 4.5% might be a better bet. It wouldn't take much for the Fed to cut rates back down to 1% or 2 % or less like just a short time ago.
Why have the yields on Treasuries dropped by so much lately? The bond market must be anticipating a steep rate cut in the near future.
If you think rates will go down, then you should adjust your maturities accordingly
Northern Bank Direct
They have a 9 month CD at 5.50% APY
Thank you
Yea...idk where my ss card. This sounds like a pain tbh
First of all .... Were headed for a recession which usually hurts Small Business the most. So right there is the only reason i need not to park my money here for the next 18 - 20 months or so .
Hi Jennifer. Do you know any high-yield CD for small business?
Sorry it‘s not something I’ve looked into yet
Unless I missed it, the CD account application didn’t have a section to enter a beneficiary. This is an important point for me with any CD/account. Did it have a place to enter a beneficiary?
Good point 👌
I didn’t see one but you can call in and check. I’ll try to call in and do the same as well next week.
Yep. If no beneficiary it’s a non starter for me.
is it a brokered CD? my state gives a deduction of $100 for CD interest from banks.
Credit union offering 7% 12 months
No way, post it!
@@burkelange6628 it was a short time deal florida CU