This is one reason why I dont understand the obsession with continuously closing accounts after pulling money out. Once it’s open it’s open, so if they come back around to offer the best rates again you dont need to go through the whole account opening process again.
How long is the process with Interior FCU ? I applied last evening , and no news, not even one email from them that they start the process.
Also, between Interior FCU and USPSFCU (I am near a branch location , so no mailing for me) which one do you prefer?
I usually don’t close the account when the CD matures. I generally leave $5-10. in account to keep it open.
I would allow a couple of days for Interior FCU to get to you.
Now on your second question:
I prefer Interior . . . . but not in your particular situation . . . . which is special. Heck, if you can walk in to any financial institution and obtain a CD that will pay you 3.2%+ for two years, it becomes a no-brainer at that juncture. Forget Interior and just go with USPSFCU . . . in person!
Thanks … I am waiting for philatelic association membership.
Thanks shinobi. Just got my acct all set up with online banking. Those directions for the Savings Acct # was right on the spot. Member # + 00
Are you going to ACH transfer funds to the Savings for the CD opening. I’m sort of thinking about sending a check by snail mail. It takes so long to ACH funds from Alliant CU $25K per day.
Happy Day for us to have picked up this CD, good % rate for 24 Mo. 
Am happy this is working out for you so far, pattyb53.
Yes, I plan to ACH the funds early next week, but primarily from PurePoint and perhaps only just a little from Alliant. This for the reason you mentioned.
If there’s any concerns about the rate being lowered, would opening it online and choosing “mail a check” as your funding option lock in the current rate? Or is the CD application not processed until the check is received, and you are still at the mercy of rate changes while it’s in the mail?
Those directions were in error. You just use your eight digit account number for ACH.
Q: Shin, how did you get this so wrong?
I was given bad information by a rep at IFCU. When I called back I was given bad information a second time!
Q: Where is the correct information?
Log into your IFCU account and mouseover “Secure Forms”.
In the dropdown menu that appears click on “Direct Deposit/ACH”
This is what I should have done in the first place, instead of calling them.
Yes, my initial trial deposit to the 8-digit account number did post this morning.
However, since my opening deposit (using credit card) has not yet posted, my account has a -25 available balance. When the .90 trial deposits posted the available balance remained negative, and thus the transaction to withdraw them was rejected. And incurred a $28 NSF fee.
I’m assuming they’ll fix this. But prepared.
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Tough break, glitch99. But they should put it right for you.
It took a couple of days for my CC deposit to post, but funds are in savings now and are available.
Getting these accounts going, up, and running is surely at times a challenge.
Yes shinobi, I called & was given the same bad information from a rep. So now I have 2 ACH transfer requests on tab for Monday.
Yesterday, late I started the process with Alliant CU. I was using the 00 on the member # as we were told. Today I tried to cancel out that process, but it doesn’t look like that works. Hopefully only the request with the member # only will show on my savings acct Monday. We will see.
What a joke!!
Hey Shin,
Just wanna check with you on the deal with Interior FCU, the 3.14% is only good for the jumbo 24 mths right? Thanks!
Correct. Only for the jumbo. Course they do offer a non-jumbo two year, but the APY on that one drops down to 2.98%.
Appreciate the question. It’s a very important point you raise.
Appreciate your quick reply, Shin. 
Was hoping to hop on this deal but realized that it is for a 100k which I am not sure if I can commit right now. Will need to do a little calculating over the weekend. Thanks you for your posting this deal nevertheless.
Have people gotten in on the GTE Financial add-on CDs? They are starting to look a lot more attractive than when they were introduced in March.
5 year is 3.04% (3.3% jumbo, which is over $100K)
4 year is 2.94% (3.2% jumbo)
3 year is 2.84% (3.09% jumbo)
Minimum deposit is $500,
Details: https://www.depositaccounts.com/banks/gte-cu/offers/
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I don’t know about Hanscom. I told you that they had accepted me as a member.
It has been a week for me, waiting for an account #. 3 days ago, I finally got my Driver’s License accepted. Today Friday, I called to see what’s up. An agent said everything was go & I should get an e-mail later today of next Monday. Nothing late tonight!
So I really don’t care about this 19 mo 3% CD at this point. In fact I’m about to cancel the whole deal.
Go right ahead and rub it in, pattyb53. I would be delighted to take over your Hanscom membership, seeing as how you do not value it. 
Course there might be a problem with that since they do not want, and refuse to accept, little old me . . . harmless and lovable as I am! 
Unlike yourself, I simply to not meet Hanscom’s lofty entrance standards. Hanscom is Air Force oriented, after all, so it is as lofty an outfit as there is. You are up there flying with the eagles, pattyb53, while I am left down here hanging with the turkeys. It’s a tough existence for us turkeys, 'specially with you eagles soaring up there overhead. Oh, well. 
@pattyb53 I would stick it out with Hanscom. They are a great CU. I have been with them for ~5 years now. I found them through FWF for a car loan or HELOC first (I forget). I have had: car loan, HELOC, and checking/savings with them.
Hope you give them a shot.
Much credit to you for raising such an important and timely topic, to wit, add-on CDs. Thanks.
Your post caused me to inventory my own situation in this regard. Sadly it is, for me, not a great picture. I was too lackadaisical, too haphazard, in my approach to add-ons back when I needed instead to be attentive. As is the case with so many other things, there was no immediate cost back then for my sloth. Now, with CD rates falling, things are different. And you never can go back. There are no do-overs.
My best add-on, currently still sitting with all of a fifty buck balance (big whoop), is the NFCU 17 month paying 3.25% APY and maturing June of 2020. This would be a far more valuable property save for its regrettable $50k deposit limit.
I have a couple of the GTE Financial add-on accounts. One, at just 2.75%, will only be useful early next year as it nears maturity. At that point it will become short term money. My other GTE add-on account, akin to one I have at Freedom FCU, is without real value at this time because both are too long. Even with declining rates, it remains possible today to find five year CDs paying 3.25% or close to that. So no add-on with those terms is worth much.
And for me, well, that is all I have . . . add-on wise.
This is only my opinion:
The best CDs today will mature just after next November’s election. By then we will know the next POTUS and have a clearer vision where things might be headed. I have no idea who will win the election. If Trump wins I look for a repeat of what ensued commencing early in 2017, when CD rates generally began to ascend. If Trump is defeated I look for CD rates to remain mostly quiescent. It’s all guesswork, of course. Nobody, least of all myself, knows for certain how this will play out. But you make your best guess and deal with the outcome.
For me, given the way I look at this, that Hanscom 19 month CD was a wonderful opportunity. But with my now having become a pariah at Hanscom, I just have to do as best I’m able with those CDs which remain available to me. In that regard, sure wish I had done a better job with the add-on CDs. You live with your mistakes.