Relatives are ok.
Once I open a CD, it would take a catastrophe for me to terminate. Oh, I guess it might be possible, but I never have closed one early.
The implication is being locked in at 2.6% for 5 years. You think about the consequences of breaking it, because in 2 years rates could be 3-4%.
You may consider it unlikely, but you still want to think thru the potential scenarios. Thatās a long lockup period.
Very trueā¦ I used to never open this long a CD + 2.6%. But right now we are all searching for some decent rate to move funds into.
Otherās talk about this pandemic of everything. Rates going downā. staying stuck in our homes with not much light ahead. I donāt know. Checking back I opened that Transportation FCU 2.98% for 5 years. 
Patty, how many credit unions do you belong to or have CDs at?
As far as I can see TFCU has the best rates being offered. Fact is I can qualify & decided yesterday to go for it. Had to furnish copy of DL & home maintenance bill with address.
Iām in with TFCU Savings acct of $25. Used my Citi DC card. Now Iāll go ahead & get my Alliant CU ACH small deposits completed early this next week.
I have enough liquid funds, $50k to open the 5-year Jumbo CD, 2.61%ā¦ So unless I hear something to the contrary, Itās a go!! 
NASA FCU has a new 9-month Share Certificate Special at 1.50% APY with a minimum deposit of $10k.
Itās worth noting that 9 months ago - when āCovid-19ā was merely the plot of TV shows and made-for-TV movies - we were rather excited about landing a 3.25% rate. It may just be me rationalizing, but when you consider how circumstances have changed since then, 2.6% doesnt seem all that bad.
Yes, exactly my thoughts. Thanks glitch.
So my 60-Mo Jumbo CD 2.61% is now opened with El Paso TFCU. Maturity 5/20/25.
I now have 2 CDās in the 2025 category. Transportation FCU 2.98%.
Look at the ratesā¦2.61% & 2.98%ā¦for 5 yrs.
Liquid funds depleted!! But Navy $50k 3.25% mature 6/7/20.
I donāt know where Iāll place those funds when availableā¦ 
This is based on posts Iām finding this morning over on Kenās website. If you do not have add-on CDs this most likely will not impact you and you can ignore it:
For those with add-on CDs there is news of concern. The āpowers that beā granted banks and credit unions an extra month to file critical financial data. This was done because of the pandemicās impact on operations.
This means new financial institution ratings expected by now could be, and many will be, delayed by a month. I would have posted on this earlier but I only just found out this morning. The new target date for updated financial institution health ratings is end of June.
Add-on CD owners with options want to place funds into the most healthy financial institution available to them. Itās not a concern about losing the money, which is obviously either FDIC or NCUA insured. It is instead an effort to avoid, at all costs, getting the money back should a financial institution turn turtle or should a new financial institution take over and not honor existing add-on CD terms. Given these objectives, it is not at all helpful still to be forced to rely on old end of 2019 health and rating data. But that is the situation we face today, like it or not. So now we wait another month. 
This month is a big one for me. I have 2 NFCU CDās & United Bank CD that mature this next week. Thatās a lot of $$'s to move quickly. I have 1 good add-on CD paying 3%, but Iām over the insurance level there. Gotta make some decisions soon. 
Lafayette FCU is offering a five year CD paying over 2% APY.
For how much longer, I dunno.
Anyone may join LFCU by first joining the HOFLC at a cost of $10.
Here is a link:
Folks should be aware you have to mail in a CHECK if you wish to deposit more than $2000. I imagine you might have similar issues when itās time to withdraw. Will give this a hard pass.
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No wires?
I recently sold a house and have been looking for where to stick the funds (after I max out my addon cd at GTE) so this caught my attention but honestly it looks like a mom and pop type affair that probably is not prepared to handle the large deposits that being mentioned on depositaccounts.com can lead to.
No mention of wires when trying to open an account and ach was capped at $2000. I copied/pasted from the account funding page:
You can fund your new Lafayette Federal account in one of the following ways:
- Transfer Funds from another financial institution (we have a maximum limit of $2,000). If you would like to deposit more, please mail in a check.
- Fund via your Credit/Debit Card (we have a maximum limit of $2,000)). If you would like to deposit more, please mail in a check.
- Transfer Funds from an existing Lafayette Federal Credit Union Account (you must own or be a signer on the account the funds are being transferred from).
- Mail a check or money order to us to fund your new account.
FUNDING OPTION(S)
TRANSFER FUNDS FROM OTHER FINANCIAL INSTITUTION (MAXIMUM AMOUNT ALLOWED: $2,000.00)
TRANSFER FROM LAFAYETTE FEDERAL CREDIT UNION ACCOUNT
CREDIT CARD / DEBIT CARD (MAXIMUM AMOUNT ALLOWED: $750.00)
MAIL A CHECK OR MONEY ORDER
Iāve found that to be rather standard for opening new accounts? Once you have an account open, you can generally push ACH transfers or send wires of any amount (subject to the sending institutionās limits, of course).
Relatively few will let you pull a 5- or 6-figure sum as your opening deposit to a new account.
And a lot of times you can select āmail a checkā, and theyāll open the account with a zero balance - at which point you have an account number to send and ACH or wire to instead. Yes, I know that doesnt help when you feel the clock exipring on a rateās availability and want to get the CD open and funded ASAP. But itās not exactly unusual, either.
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Pursuant to my earlier post, Lafayette FCU members can pick up a few extra bucks ($85 to be precise) by opening one of their free checking accounts. Here is a link to the deal:
Lafayette free money for checking deal
Note the promo code there.
Also, here is the fine print from their offer:
Members who open a checking account and initiate direct deposit within a calendar month, and then make a qualified direct deposit by the final day of the following calendar month, will receive an $85 deposit into their checking account by the second Monday of the calendar month following the initial qualified direct deposit.
Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency. Offer valid for current members only. $50 minimum balance required to open and earn 0.10% APY (APY = Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY on Lafayette Federal checking account balances. If checking account is closed within six months of receiving the promotional deposit, the deposit will be deducted from account. Rates current as of June 1, 2020 and subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Lafayette Federal is an equal opportunity lender.
Come for the CD. Stay for the checking. 
Some of us have Keesler FCU. I noticed they are offering 30mo Jumbo CD 2.14%. Iām getting desperate for a decent rate because I have 3 CDās maturing in the next 3-4 days.
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15 month add-on, 500 min, unlimited adds:
https://www.depositaccounts.com/banks/pen-air-cu/offers/