DANG!!
I wrote that here just eighteen hours ago.
Now the deal is GONE!!
The Andrews 3.05% 84 month CD deal is history.
Guys, I do NOT like the way things are going for us savers. I do not like this one bit!!
*"""
*Add on CDs- Blue FCU upthread, navy federal 2.25% 75k 17 month
Bank5 connect 24 month 1.9% investor CD
Bad/havenāt checked in/maybe not offered:
GTE? -capped 6k/year
Mountain America CU
All DCU CDs 12 months or less
āā"
Is GTE capped at 6k/year???
If it is that is a BIG change of which I am 100% unaware. Iām a GTE member and I have add-on accounts there. I have received no notice whatsoever of any such $6k limitation, which would of course render my accounts all but worthless.
Ally reduced the rate of its 13-month select CD offer from 2.10% to 2.00% APY.
Itās in their standard terms now, for new CDs. That was the whole issue a few months ago, when they made that change then attempted to apply it to existing CDs as well.
Remember, terms being offered now are not the terms that apply to an already open CD. The only terms that apply to a CD are the terms in effect when the CD was established.
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Went ahead and opened a Navy FCU 17 month special CD at 2.25%; rates on other CDs at Navy have really fallen as of today:
3 Month 1.10%
6 Month 1.35%
9 Month 1.45%
12 Month 1.60%
18 Month 1.60%
24 Month 1.65%
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Not seeing any attractive CD opportunities out there now. Please post if you have one thatās not just a local deal.
Big concern for me now, with interest rates in the āturletā, is loss of add-on privileges in several places.
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It was kind of surprising to me, but the local CUs seemed to react quicker to the fed rate cut than the nationally available ones.
An important thread, which relates to CDs, has materialized over on Kenās website. I have alluded to this here prior, but only in passing. It is the notion of closing existing certificates now, early, and paying the penalty, in order to make available funds for your current add-on opportunities. This lest those opportunities become unavailable in future.
Here is the link to discussion of this topic over at Kenās place:
Closing Older CDs To Extend Maturity Date
On a related personal note:
I had some good luck today at Bellco. Seems they allow penalty-free withdrawal of CD interest. This is gonna help me big time to bridge across a PSECU AST funding gap. Oh, happy day! 
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I think PSECU allows you to withdraw the interest penalty-free too (itās been a while since I read the T&C). I guess you can withdraw the interest, and have it scheduled to go back into the CD. 
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I think this has been posted before, but you seem to have forgotten. And itās written by your idol Ken himself, not random anonymous internet commentators.
Citing rules for your typical savings account doesnt really help any when discussing a time deposit. I remain 100% confident you would prevail in any such attempted change of terms. The only question is if you are willing to put in the effort to pursue the breech of contract.
The actual question is valid, in terms of paying EWPs to fund a new CD, at a rate higher than will be available when the initial CD matures. But unfortunately, that isnt in the discussion.
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For whatever help it might be to others, I wanted to document my interaction at Bellco yesterday. It did not go all that smoothly and I nearly missed out.
The objective was to gain penalty-free access to the interest which had accrued on my CD since 2017. So of course at the outset I simply asked: May I withdraw my CD interest without having to pay a penalty?
The answer came back, at first and a couple of times thereafter: No. Just no. There would be a penalty if I withdrew my interest, is what I was told.
After some intervening discussion with the rep about other things I finally ended up, pretty much by accident, getting my question right. Sharing that is the reason for this post.
I guess most financial institutions today have computerized early withdrawals from CDs. This means, if you give them the amount you want to withdraw, the rep can look at his or her computer screen and tell you straightaway the amount of your penalty. And that is how I, again by accident, ended up obtaining an accurate answer to my original question. Because when I asked the rep to tell me the penalty on a partial withdrawal less than the amount of my interest, his computer told him there was NO PENALTY!! Well, surprise surprise. 
So in future, when attempting to learn whether or not penalty-free withdrawals of interest are permitted from this or that CD, I will instead of asking the question just give the rep a dollar amount and ask him or her to consult their computer and tell me the size of the penalty. If that number turns out to be zero, then I know it is penalty free.
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Thanks shinobi, This is very good informationā¦
For all you PSECU mugglers out there:
They have lowered their CD rates once again. No sense publishing the new rates. They are so low nobody here would give 'em even so much as a glance. However:
This is a dope slap for those of us doing the AST (automatic share transfer) thing. With the amount Iām pouring into PSECU (together with many others) every month via AST, at 3.25% APY, I have to wonder how much longer that gift horse can survive!!
ETA
Just to offer you a sense for the carnage, and since many of us have those PSECU three year, 3.25% APY, CDs:
The current interest rate on the PSECU three year CD is 1.30% APY.
I hope my rather childlike fascination with these PSECU ASTs is not too annoying. If I had CD deals to post here, believe me I would do so straightaway as always. But all I have is these ASTs, another of which which went off for me this morning against all odds. Especially now, with all that is going on with the virus and so forth, I really feel amazed to be injecting significant money into a 3.25% CD based on action I took way back last NOVEMBER! This is nuts. And of course waiting between each injection is like watching paint dry. But I get three injections each month, and when they happen itās pretty cool.
Sure, no problem. And that ties in to the ASTs in that PSECU demands injections at specified intervals and you need to come up with the cash to ensure smooth operation of the AST process. Pursuant to which, I can now report this:
The following financial institutions will allow penalty free access to your CD interest:
Bellco Credit Union
Freedom Credit Union
Empower Credit Union
Between those three institutions I have been able to scrounge enough money, in dribs and drabs, to tide me over to my next CD maturity at GTE in April. Once those GTE funds are depleted Iām afraid my PSECU AST shenanigans will be at an end. This unless I pay the EWP and liquidate some CDs not scheduled to mature until next year.
This stuff, with all the planning and finagling, does keep one on his toes. Am grateful, though, still to be making money and not losing it.
ETA
Forgot to mention this one additional tidbit:
I tried at Dover FCU and, boy oh boy, did they shut me out. It was nasty. They would NOT allow me to have my CD interest penalty free, and they would furthermore not allow ANY partial withdrawal of funds from my CD, even if I paid their penalty. It was all or nothing! So if you have a CD there and youāre seeking solace, donāt bother to call Dover.
Ally has lowered the rates on their No-Penalty CDs. As of today:
less than $5,000 opening deposit earns 1.50% APY
$5,000 minimum opening deposit earns 1.70% APY
$25,000 minimum opening deposit earns 1.75% APY
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Reminder
Brace yourselves. The Fed meets again day after tomorrow. On Wednesday at 2:00 pm ET they easily could announce yet another rate cut. But, but, but you protest, they already savaged us earlier this month with a destructive and devastating half point cut. Enough is enough!
Acknowledged
But keep a weather eye. The rate-cut virus is in the air, right alongside the coronavirus. Itās a rate cut pandemic!
There is an excellent review of the new Ally 1% bonus that shows you how to lock in 5%-5.75% for 3 months using the ally no penalty cd (at current rates). Must be signed up by 03/20. Funds have to be in place by 03/31 and stay till 06/30.
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They just announced cutting rates down to zero. Sunday announcement.
Well they took emergency action and cut the rate to near zero today due to Trumpās pressuring. Press conference at 6pm today. Breaking news and none of the short articles say exactly what the rate was cut to.