Agreed. Yes, I was referring to ACH.
Yes, it is a jumbo. Way back I opened 3 Alliant CU accounts. So I can ACH 3 $25K a day, which leaves me short 1 $25K. It takes an extra day to get the whole amount there. Iâm going to check out wiring the funds.
Wait - I thought it was a system/per person limit, not a per account limit? Have I been wrong all this time?
And FYI, Kessler has an ACH system too, that credits pulled-in funds the same day as the request. Donât know the max limits, but itâs nice if you want a little more than $100k exactly but are stuck transferring in $25k increments.
Youâre probably correct. I have a trust acct & then I added a personal acct for my husband & one for me. Works!
I am quite impressed, pattyb53. I was unaware of any way around the detested $25k/day limit. Kudos to you!!
At the same time, since it is a jumbo after all, Iâm back to thinking you should consider wiring the funds and taking the weekend off.
Cost of wire for $25k CD: not worth it
Cost of wire for jumbo CD: definitely worth it
Alliant wire $25. If deal last through next Wednesday. I can ACH $75K Fri (get there Mon) & $25K Mon (get there Tues). Could work out! But Iâm going to phone Keesler tomorrow & see how it goes.
Incoming Domestic Bank Wires
The funds cannot be held for pick up. Wires are deposited only to the members account. If you are receiving a wire, you will need to provide to the remitter the following information:
a. The routing number for Keesler Federal Credit Union: 265577585.
b. Our address: 2602 Pass Rd., Biloxi, MS 39531.
c. Your Keesler Federal account number and your name (how it is titled on your account). If this information is not correct, the wire will be returned, causing a delay in receiving your funds.
d. Indication of whether this will be deposited into the share account (S0001) or checking account (S0090)
e. Incoming wires are posted up until 3:45 Central Standard Time Monday - Friday (except Federal holidays).
f. Keesler Federal Credit Union does not charge a fee to receive an Incoming Wire.
I just used the routing number, my account number (with the 000100 added to the 8-digit account number), and my name and address as the âcredit toâ (or whatever the sending form is labeled).
Keesler will post the incoming transfer by 4PM-ish, giving plenty of time to call to open the CD the same day that the funds show up in your share account.
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âIfâ is the operative word there.
But I agree with you provided you can ascertain with absolute certainty that Keesler deal will still be good on Tuesday.
If not, wire the funds and take the weekend off.
A 3.2% 30 month CD is too good right now for you to take any chances whatsoever of missing out. Iâd take that deal in a heartbeat . . . . . . . if only I had the money.
And finally, repeating myself, but just so everyone is reminded once again:
Keesler operates on Central Time. They are two hours ahead of you, pattyb53.
I called Keesler & got the guarantee that âif they make a change, it would happen on Wednesdayâ.
So I am making my ACH transfers todayâget there Monday & Tuesday.
She said to call Tuesday & we can open the CD.
Now Alliant CU, donât foul me up. 1 day ACH transfers. 
Good for you, pattyb53. That was the smart thing to do. Good luck to you, but I believe you will be fine.
3.2% on any CD right now is a really tough âgetâ. I donât know where else youâre gonna achieve that rate on a deal nationally available . . . . . except of course as always for those who have squirreled away add-on CD accounts.
When I asked that question back in December, the response was confusion as to why Iâd even ask that question. Basically, âit hasnt changed since we introduced it a year ago, soâŚ?â
Given the response you received today, I take it to mean theyâve been asked that question a lot latelyâŚor there has been internal talk of a potential rate drop. It may just be my tin foil hat paranoia, but anyone wanting in shouldnt waste any more time.
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Offering this solely because it lies within the realm of âthree handleâ CDs, goodness knows an ever thinning herd:
Andrews FCU is offering a limited-time 84 month certificate of deposit paying 3.05% APY. You may view this CD here, together with the several rules and limitations the credit union imposes:
See Andrews FCU âthree handleâ 84 month CD here
Do not read in this post any sort of suggestion, from me, you purchase this CD. That is a personal, individual decision.
Be aware only one of these CDs is permitted per member. The low $1000 buy-in makes this CD available to many.
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I followed the link to see if there was any hint of what makes a CD âthree handledâ, but to no avail. A brief Duck search wasnât helpful, so Iâll resort to asking.
I hope it is not related to the three legged chickens.
This is solely my fault, and I apologize.
By âthree handledâ I meant that the leading digit of the APY is a three. There are, it seems to me with interest rates generally having fallen, fewer CDs around now that offer a 3.00% APY, or more. And such CDs are daily becoming more scarce.
I happen only yesterday to have looked at my Sharonview âfour handleâ CD, at the most recent interest on that CD. Boy, those higher interest rate CDs are sweet!!
Due to personal prejudice I have not posted âtwo handleâ CD deals here. Their returns are disheartening. This is selfish because, for some people, âtwo handleâ CDs may already be, or may shortly become, their only options. I suppose, way interest rates appear headed, I might not be able to indulge this prejudice much longer.
But just a glance at Sharonview highlights how much more income we derive from higher yielding CDs. It was on that basis that I just posted the Andrews deal, even though 84 months is tantamount to an eternity. Still, I did the TobyFCU 84 month deal back in 2014 and have had no regrets whatsoever. And Iâm absolutely delighted Sharonview runs for 64 months rather than just 60 months.
So long is not always horrible. It might be a good choice for a portion of our CD investments.
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That caught my attention also. I wondered what is three handled? 
But, earlier shinobi was mentioning if not good 3% CDâs around some of us can go to our add-on CDâs. Checking mine some of my add-onâs are not that great. GTE 2.75% matures 4/20, Navy 2.71% matures 4/20, so I wouldnât use these. But I have a couple terrific ones, 1st United 3% matures 10/20, United Bank (ma) 3.15% matures 6/20. So by the end of this year my good add-onâs will be gone.
Just recently I added a couple add-onâs that are passable if rates donât improve. Patriot MM 2.26%, Unify Financial 2.25% matures 7/21. So hopefully these add-onâs will not be needed.
Iâm going to comment on pattyb53 and myself here as we both are engaged in similar CD investments. pattyb53 is going in with Keesler at 3.2% for 30 months. I am continuing to use every nickel I can scrape together to add on to my PSECU CD at 3.25% for 36 months . . . except that my CD has only about 33 or 34 months remaining to run. So you can see the similarities both in APY and term.
Implicit in the actions of both of us is the assumption or at least the hope that, come mid to late 2022, CD interest rates will be at 3.00% or higher. But what if, instead, we by then have entered another interval of interest rate malaise, such as existed for so many years following the crash of 2008-2009. Would we both not be better off, if we knew CD interest rates were going to be lower for a long time, to invest instead today at Andrews?
Of course there is no way to know this stuff in advance. But a fair criticism can be levelled at pattyb53 and myself regarding our CD selections now, concerning our failure to lock in a high interest rate for a really long time.
No criticism for your strategy, which seems reasonable. Instead of the phrase â3 handle,â which confused people, recommend using the phrase â3% or more.â Kinda like âKenâs site,â which you let me know was depositaccounts.com, info for which I am grateful, but using phrases uncommon phrasing makes it less likely that others will understand what you are trying to communicate.
American Airlines Credit Union pays bonus dividends. I got a whopping $0.10 this year.
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Actually I rather prefer âhandleâ. Though you might be unfamiliar, itâs not anything I invented out of whole cloth. The term is commonplace in the world of stocks:
Thanks shinobi, I appreciate learning a new word or expression. Thought it was just your word but, now I see itâs common language of stock. 