You are right. I think you get less with the 5-yr.
4-yr jumbo 5.12% APY, rate 5.00% : 1.0512^4 = 1.221
5-yr jumbo 3.30% APY, rate 3.25% : 1.033^5 = 1.176
I guess GTE has enough funding that matures in 5 years and one way to stop the inflow is to drop the rate to an unattractive level.
NASA Federal Credit Union new Share Certificate Specials â
9-month (5.65% APY)
15-month (5.45% APY)
49-month (4.85% APY)
Minimum $10K deposit, new money, available through June 30, 2023.
Easy membership requirement via free membership in the American Consumer Council (ACC).
7.5 month CD @ 5.75%, max $250k
https://www.andrewsfcu.org/Learn/Resources/Rates/Share-Certificate-Rates
Update 6/7/23: Offer ended early
â[Expired] Andrews FCU 5.75% APY 7.5 Month CD (6/1-9/30) - Doctor Of Creditâ
Thinking of going for the 5.12% APY 48-mo jumbo CD from GTE. Does anyone know how the opening and funding process go? Is it a) or b) or something else?
a) Push the money into the savings account first, then open the CD and fund it by internal transfer
b) Open the CD first and GTE will deduct from a linked external bank account
Thanks.
I have a nice CD that matured yesterday from Sun East FCU, Transferred those funds into savings for now.
GTE looks like a pretty solid long term possibility for placement of these funds.
Thanks for the reminder.
A. You need the funds at GTE to be able to open a CD.
Unless itâs changed relatively recently, of course.
20 year U.S. T-bond auctioned with a yield of 4.010% state tax free (most states, for now).
First Internet Bank now has a 12 month CD at 5.48% APY w/1K minimum deposit.
US Senate Federal Credit Union has some very good 2-3 year rates (5.13%-5.28% APY), as shown below. Becoming a member and opening up a CD was way more work that it should be, though (if anyone needs info on becoming a member, let me know). After finally becoming a member, you need to push the money into the account and then call (I hate that!) in order to open the certificate.
In addition to the rates, they have a current promotion. Using promo code âSUMMER OF SAVINGâ, you receive a $200 bonus for a certificate of at least 24 months and $5000. Details at the following link:
https://www.ussfcu.org/promotions/Summer-of-saving.html
| Term | Type of Account | APY1 | Dividend Rate |
|---|---|---|---|
| 36 months | $200,000 Plus Jumbo | 5.23% | 5.10% |
| $100,000 -$199,999 | 5.18% | 5.05% | |
| less than $99,999 | 5.13% | 5.00% | |
| 24 months | $200,000 Plus Jumbo | 5.28% | 5.15% |
| $100,000 -$199,999 | 5.23% | 5.10% | |
| less than $99,999 | 5.18% | 5.05% | |
| 12 months | $200,000 Plus Jumbo | 5.23% | 5.10% |
| $100,000 -$199,999 | 5.18% | 5.05% | |
| less than $99,999 | 5.13% | 5.00% |
They rejected my application, disappointing.
Curiosity question⌠Just wondering if anyone happened to open a Sharonview FCUâs 64-Month 4% CD that was offered many years ago? I did, it matures tomorrow.
Remembering back I hadnât opened such a long term CD and thinking 
will I still be around 7/12/2023. Happily now, where am I going to place the $$âs?
Another long one 48mo 5.12% APY (jumbo CD) at GTE. 
I opened one last month.
I did not open one, but recall the flurry of comments from @shinobi, yourself, and others whenever I drive by one of their locations.
Someone messaged me about becoming a member of US Federal Credit Union, so I figured Iâd just post it here. Itâs not much different from other credit unions, but there are some quirks. So here is the (probably too detailed) infoâŚ
You can become a member, simply by joining the Virginia American Consumer Council (VACC). The instructions are on their site.
-Go to americanconsumercouncil.org and use promo code USSFCU to waive the $8 fee. Within a few minutes, you will receive a certificate from VACC. You will need this later. The application is pretty standard. You will have to upload a driverâs license or other government ID and the aforementioned certificate from VACC.
They will ask you how you want to fund your $5. The only options are credit/debit card or check. According to people on Deposit Accounts, it will be a cash advance if you choose a credit card. With all my bank accounts, somehow I donât have a single unexpired debit card, so I chose a check. Donât worry; you wonât actually have to send a check.
They will send a secure email, saying your application is in progress, give you the direct number for the membership department, and say they need to speak with you on the phone in order to proceed. I find that annoying. To expedite things, you could probably call them, but they called me the next morning. They just ask basic questions about what youâll use the account for. After that, I thought I was in. But no, they told me the application had to go through another department. The next day, they sent eDocuments to sign and I got an acceptance message a few hours later with the account number and gave the address of where to send the check (ignore that).
I logged in and had a -$5 balance. Their ACH system has a limit of $5K and is slow according to Deposit Accounts. I pushed the amount I intended for the CD plus $5 from Alliant. It was there the next morning with the $5 funding the share. Annoyingly, there is no way to open a CD online. I read that you can use the chat, but I didnât see a chat option, so I had to (gasp!) talk to a person. It took me over 3 minutes just to get through the message system⌠and then it hung up on me. The second time, I remembered option 6, then option 5. It asked for my new account number, my birthday, then the last 4 digits of my driverâs license number (odd) just to get to an operator. Opening the CD only took a few minutes.
Sharonview offered me 30-Month 4.9% to keep my money. I realized GTE had that 5% offer.
but decided to just leave my funds at Sharonview.
âEasy come, Easy goâ. 
The rate is no big deal, less than a quarter percent isnt worth the hassle. But you may end up regretting the 18-month shorter timeframe.
Yes, they did mention that 18- month 5+%. But longer term sounded better, at the time. Who knowsâŚ
No, I mean you chosing the 30 month term, instead of the 48 month term from GTE.
The time it was just easier to take 30 months over 48. I probably wouldâve been better off going longer. To take the GTE I had to pull out the $$âs make a couple separate movements, etc.