CD Discussion Thread

Finance
2689

There are times I wonder why I bother posting deals here. I guess some people benefit. I hope so, anyway. But others do not. Case in point:

  • The Smart Move CD I posted has no cap.

  • The Smart Move CD pays 1.15% APY.

  • The Smart Move CD is open to anyone.

  • The Smart Move CD offers a three year rate lock and even a one time rate bump.

  • The Smart Move CD allows you to add $100 or more at any time, once.

But wait. How about liquidity??

The Smart Move CD allows you to withdraw all your money, except for $1000, at any time without penalty. Thereafter, if you don’t need all that money, you would simply open a new Smart Move CD!

Concession:

I concede Smart Move might not be a perfect solution for those needing to access small amounts of money every week or two. For that a more conventional money market account would be better. But if you have substantial funds which must nevertheless remain liquid for whatever reason, Smart Move is the way to go.

ETA

Heck, there are conventional CDs around which do not offer anything like the benefits of Smart Move and still do not pay 1.15% APY, not to mention a possible rate bump.

Of course that might begin to change after the Fed rate increase widely anticipated later today.

No, it is not.

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