I hope we can agree the situation with CDs has become more difficult in these last weeks. I ask you, therefore, to forgive this post of a CD which is NOT a sure thing. I much prefer posting great deals which are 100% available for certain. If I become aware of those I will post. But this is different. This CD simply might not be available to all:
Over the years I have, many of us have, gotten in on CD deals by joining some organization. I have also signed up for classes at a distant educational institution, and joined alumni associations of colleges I never attended, in order to get a CD deal. You have to meet whatever requirements that might exist. They are many and varied.
The “gotcha” with some deals is requirement to apply in person. If a “gotcha” exists with this deal, that most likely is it. Another possible “gotcha” is an unpublished requirement that you reside in a particular region. That one is always tough.
So this post offers only a possible CD deal. The barriers are high and might be insurmountable. I dunno. Here we go:
Founders Federal Credit Union, in South Carolina, is offering an 84 month CD paying 3.29% APY . . . . . if you can gain entry! So let’s look at that:
The first part should be doable. You can find here the eligibility page. Focus on and click where it says “I attend, am a member of, worship or volunteer at”. It’s a really long list. There should be an opening there, something where you can become a member.
This leaves the matter of residence. There is no published residency requirement. But such a requirement might exist and merely be unpublished.
Finally, the high hard one: application in person.
If they require we apply in person the entire opportunity vanishes. You have been warned.
Have fun with it. I always did, and made some good money too along the way.
ETA
Much to my surprise, Ken blogged this deal today . . . after I posted it here. Is Ken reading this discussion thread?
No, I seriously doubt that. And I certainly hope not. But with Ken having now posted the deal there is discussion about this over on his blog. So far no one over there has posted that you need to apply in person.
Again, absent a requirement to apply in person and absent a requirement to live in the region where this CU is located, the deal actually could be achievable.