I disagree with this . . . . . respectfully, of course.
First of all, I never went in at EBSB, though I am at Northern. This is because I place a VERY high premium on rate locks. Am a big fan. And EBSB never, to my best knowledge, offered one.
The best liquid funds deal available today, for anyone with $10,000 or more to invest and seeking an insured, liquid, account with a rate lock, is at PurePoint. It is the PurePoint NPCD paying 2.5% APY and locked for thirteen months.
CAVEAT
My own PurePoint NPCD accounts were completed several weeks ago when the PurePoint interest rate was 2.6% APY and the above rate lock terms were operative. My own principal home for liquid funds, as with pattyb53, is at Grow. However, I’m a believer in diversification, hence the decision to go with PurePoint as well.
Point is, I do not know whether, when PurePoint recently lowered their NPCD rate from 2.6% APY down to 2.5% APY, they also changed their rate lock terms. If you opt for PurePoint now you need to ascertain whether or not the original 13 month rate lock remains operative. A quick telephone call to them should do the trick.
As for me, I am standing pat at PurePoint. I have even pulled money out of Grow in preference to closing any of my PurePoint NPCD accounts. This is because, at Grow, I have the option of replacing those funds at 2.75% whereas at PurePoint, once you close an NPCD at 2.6%, that is all she wrote, you’re done, and the account cannot today be replaced at that interest rate.