A great example of what I’m talking about is the the Penfed 10-yr 5% CDs in 2011. So many people on Ken’s site didn’t bite because they were sure interest rates would have to go much higher in the next decade, and 5% CDs would end up being a bad deal. Well, those suckers mature in Jan and no bank or credit union came close to 5% in the last ten years.
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Well stated, goldendog!
If you become aware of any equally attractive CD opportunities available now I surely hope you will post. 
Unfortunately, the Penfed CEO, who made that credit union a rate leader, retired a few years ago and his successor is far more miserly with his members.
https://brixdirect.com/ “Funding is only possible via ACH (set up during the application process). Wires or other transfers will not be accepted.”
May I ask the details of how the funding process worked?
were there any lost days of interest in the ACh transfer or was it same day in &out ? tia for reply & any additional info u consider pertinent
I see on Redirecting…
As part of account opening, you can fund your account through linking an existing bank account by signing into that bank’s online banking (this is included as one of the steps when opening your CD) or you can enter the routing number and account number of the account you would like to fund from manually (again this is an option when opening your CD). The only method to fund your CD is via ACH. Please note that at this time you must deposit $50,000 or more to fund a BrixDirect CD.
M
Opening this account was very simple.
Follow each step. There is a point where they need a personal bank. I wanted to use Alliant CU & no, they want a bank. I used routing & # of my personal bank. I used Alliant CU to fund the $50K & you must do that (right now) as you apply. If not they will not accept application.
I filled out application Fri 4/17. Next day I rec Congratulations & Acct # & Maturity date. Today 4/21, funds removed from Alliant CU. Good Luck
thx. What day were funds received into BrixDirect CD?
I received credit for the funds at BrixDirect on day of application (4/17/20). The funds were actually pulled out of Alliant today, 4/21/20. It might have happened sooner had there not been a week end.
I received my Welcome to the family notice on 4/18. Thank you for opening a BrixDirect account at Cross River Bank. The CD document with Acct #, Routing #, Annual Percentage Yield 2.28%, Maturity Date 04-17-2021.
Sounds complicated. I now log in to my acct at Cross River Bank. Listed there as BrixDirect CD.
Just today, you can see how the dynamics of out-of-control govt debt works. Trump asks Congress for $251 billion in additional PPP funding, and Congress (House) returns the bill with $484 billion in new spending. How does that happen?
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Yes, you can see they’re all feeling pretty good about their great “accomplishment”. What a look!
But give me a credit card allowing me year after year to run up my debt balance without ever having to worry about repayment of principal or taking responsibility in any way. . . . and I will come off looking absolutely spectacular, too. US household wealth and savings of all sorts, correctly adjusted to account for repayment of current national debt and to provide reserves to cover future government payments already promised, would stink.
America is currently enjoying the proverbial “free lunch”. Trouble is, there is no such thing as a free lunch. Anyone who believes otherwise is delusional.
Worst part is that Congress agreed on the $251B nearly two weeks ago. And has since been pissing around with (sorry, “negotiating over”) these add-ons instead of getting that program re-funded promptly.
Just a little more info on this account. (if interested)
Today I received my complete package by e-mail.
This document contains instructions for setting up your CD certificate, your online banking profile, ACH authorization form, & a beneficiary designation form.
A very through operation!
don’t know how long the offer will last, but I may open another later.
Dropped rate today… There goes another option for placement of funds… 
It’s a CD wasteland out there, like some entity carpet bombed our entire CD marketplace into rubble.
I’ve not yet come to grips personally with the devastation, continue to cling feverishly to my add-on CDs . . . which have problems of their own.
The only CDs I’m actively opening from scratch are for my side hustle. They are small, very short term, things not of interest to anyone here. Any larger amounts of money I have are going into the add-ons. Pursuant to that latter:
I wish I had a better feeling about GTE. They were C rated at Weiss even before the pandemic. Only God knows what’s happening there now. I have unused add-on capacity at GTE. But if they turn turtle I get the money back! Getting money back, which was prior garnering 3.25% APY, is not a good thing at all. Where are you going to find a CD today paying 3.25% from scratch!
Talk about carpet bombing, in Jan of 2021 my 5% Penfed CDs come due. After ten years of watching these CDs grow, I am going to have severe case of indigestion coming to grips with losing those CDs.
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How smart of you taking that 10 yr CD. Hope you put in a big stash of $$'s. My longest CD term is 5 yr, & usually never go more than 4yr.
I have some large CD’s maturing in June, July & August. I’ll have big pains coming up then. 
Not good signs ahead for those of us placing our funds in CD’s. My son has been telling me for years to use the Stock Mkt. But that’s not good either! 
I opened my 2.28apy BRIX cd on 4-25-20. Funds out of my external bank and into CD on same day : 4-28-2020, tho my cd open date is 4-25-2020 and maturity date 4-25-2021. You were luckier than me to be earning interest from the open date.
Very happy you got in on the BrixDirect 1 yrCD 2.28%. Rate dropped to 1.5% on 4/28/20.
Did you start earning intereston 4-17 in your brix cd? yes, glad to get the 2.28apy.
The NFCU 37 month IRA CD has survived April’s conclusion.
Of course this is limited to IRA/ESA funds only. But at 3% APY this CD has the highest APY out there right now which is widely available. And it is an add-on CD, too.
My credit union (pathways) is giving me something to think about. They just sent me an offer for a 7-yr 3.5% CD.
I don’t have too much ammunition right now and I’m not sure about locking a mid-3s rate for 7 years but the current outlook is so bad that I’m wondering if it’s not worth breaking other CDs to lock in 3.5% for 7 years.