Looks like they sat on my application for two days without emailing me or calling me for a copy of my sscard. They have not pull an inquiry on me yet and at this point I am not sure if I can make it for the PSECU 36 mths 3.25% CD with the rate cut yesterday. May have to sit thru the weekend and see if the rate holds on Monday. 
It took PSECU two days to process my application. When the application was approved, you will get emails to e-sign the documents. The rep did tell me two weeks ago that their goal is to process applications in 24 to 48 hours.
You have 30 days to setup an addon to the PSECU CD if that CD is attractive enough.
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If I submit my sscard today it will take them another 24 to 48 hrs.
Scanchain,
were you asked to send in a copy of your sscard?
No. I did not have to.
Appreciate the reply, Scanchain!
Easy one, pattyb53 . . . I hope. You should by now have provisioned yourself with several add-on CD possibilities. I don’t know what you have and I’ve no need to know. Just choose the best candidate and dump the money in there. Or split the money between two or among more than two of your add-on CDs.
Should it be your preference, for whatever reason, to avoid the above option:
You will need to await developments if you want to go from scratch. End of month maturity could be problematic since rates could re-adjust as we move into October. I’m unable to predict what will happen . . . but I do not anticipate higher interest rates. Still, there might remain opportunity for you with a past great CD deal which, for whatever reason, remains available. But that is all day to day stuff. It is much too early now to comment, since things easily might be different by month’s end.
Also consider seriously scanchain’s idea, above, related to PSECU. That is what you need, a way to lock in a rate today and then come back a bit later and dump in more money. Scanchain has a really good idea there! It sounds like an add-on CD but one where you have only limited time to perform the add-on. I’m not personally familiar with the details.
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Yup. Indexed CDs are interesting creatures. And not all indexed CDs are indexed to the Federal Funds Rate like mine is. I think you even can purchase CDs indexed to the stock market, mere mention of which is sufficient to titillate some people. 
This post is about the PSECU AddOn CDs:
For those with the recent PSECU CD (24mo @3.0% 90d EWP or 36mo @3.25% 180d EWP), one interesting aspect is that you can setup an addon within the first 30 days. You can also change any addon which you may have already setup at the time of the CD purchase as long as it is done within the first 30 days.
Here’s one scenario how I plan to take advantage of the addon.
My Marcus bonus and Chase bonus will be paid out sometime in early Nov. At that time, the funds there will be freed and I planned to put these funds into one of the PSECU CD. Just to give some numbers, suppose the funds I will move to the addon CD is $12k.
Assuming you have $4k in spare cash, I would call PSECU within the first 30 days and tell them I want to setup an addon of say $4k a month. In Oct, the first addon deduction will come from the spare cash, and in Nov and Dec, the second and third addon deductions will come from the freed funds.
After the third deduction, you can cancel or reduce the addon deduction. In this way, you can move any CD that is maturing in the near future into the PSECU CD.
My plan is to add onto the 24mo CD (instead of the 36mo CD) because it has a low EWP of only 90 days.
As a note, PSECU CD’s addon amount can be reduced or cancelled at anytime. But you cannot increase it after the first 30 days.
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Some additional information about the PSECU addon CD:
- The funds to addon to the CD has to come from an existing PSECU account.
- PSECU will automatically transfer the funds from the existing account to the CD “early in the morning” (per CSR). CSR suggested that I need to put in the money on the prior day.
- Per CSR, if the scheduled day is on the weekend, it will still proceed on the weekend, because the “transfer is internal”.
- Per CSR, funds in the existing account needs to be “Available” and not “On Hold”. CSR is not very certain about this though.
- If there is insufficient fund, all the money in the existing account will be used for the transfer, zeroing out the account. Be careful with this if the transfer is coming from a checking account which you plan to use.
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Thank you, scanchain, for posting such very helpful information. I’m still trying to wrap my head around the detail, but without question this PSECU add-on mechanism could be the answer to a prayer.
Insofar as availability of funds is concerned, it seems to me that requirement mitigates in favor of ACH inflows over use of a paper check. Beyond that, I would commend your offering to everyone, but with the caveat that adequate homework be completed before any accounts are opened or funds moved.
I thought about the paper check but that point is moot at the moment because you are limited to $1k for the mobile check deposit in the first 30 days.
I think I did read somewhat, probably on DA that you can fund the initial CD using a mobile check deposit. But you will have to coordinate that with the CD department to raise the mobile check deposit limit and then move the funds on hold to the CD. For me, it was too much effort and uncertainty with that approach. So I just wired the money in.
I apologize for the misunderstanding. My fault. I was not clear:
My mention of ACH over checks related to the add-on deposits, not to the account opening deposit.
Posted that only eleven days ago. It no longer is true. Rising has just cut the rate for their add-on CD to 2.35%.
What can I tell you? Things are not great anywhere.
Better news at NFCU. You still can garner 3.25% there on a five year CD. At least you can today. Tomorrow? I dunno. And of course the NFCU CD is not an add-on CD.
ETA
I continue to believe scanchain’s PSECU three year deal, with the (albeit a bit complex) add on feature, is one of the very best CD deals out there . . . . . . provided however that the rate holds tomorrow (Monday). We shall see!!
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Alive for another week.
“These rates are valid from Monday, September 23, 2019 to Sunday, September 29, 2019. A minimum balance of $500 is required to open a certificate account.”
Perhaps this is not so surprising since there are quite a few regional CU offering more than 3% on their 60mo CDs.
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You are in luck. Rates are still holding if you haven’t already funded the CD.
Great news!! But, I have a very large CD that matures Sunday, Sept 29th. So I’m on hold for another week to see if PSECU holds. 
Indeed! Thank you!
I would go ahead and open a new CD with $500 now. After the large CD matures, call up PSECU and tell them you want to do an addon with the amount of the CD that matures. You can specify the addon transfer date so make sure to give yourself sufficient time to get the money to PSECU.
While the addon is a periodical transfer (monthly, biweekly), you can reduce or cancel it at any time. Just cancel it after the first transfer is completed.
In this way, you are guaranteed the rate, because who knows what the rates would be next week.
PS. The addon feature can only be added or increased in the first 30 days.
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Langley Federal Credit Union has a new 14-Month CD at 3.04% APY; 1K minimum deposit; easy membership requirement ($5 deposit to establish savings account).
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