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3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
October 5, 2022 at
08:35 PM
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Last Edited by zhangzheng October 6, 2022 at 05:55 PM
Savebetter.com has a No penalty CD @ 3.30% APR. You can break this CD anytime after 30 days. With Fed Reserve increasing rates, CDs in the near future will pay better. So lock in 3.3% for now; if you find a better higher earning CD in the future, break it and lock in. Otherwise, you have a minimum of 3.3% APY for 14 months. There's no minimum and FDIC insured to $250,000
For people that want a higher earning CD they also offer a regular 2 YR CD @ 3.8% through a different bank.
https://www.savebetter. com/cd-acc...y-cd-rates
For people that want a higher earning CD they also offer a regular 2 YR CD @ 3.8% through a different bank.
https://www.savebetter.
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translation is you cannot access the money unless you want to break the term (which is essentially just like a regular CD). This one also mentions your earnings could be impacted, which translates in English to the word fee. This is not worth all this hassle for a couple extra dollars in exchange for tying up your resources.
translation is you cannot access the money unless you want to break the term (which is essentially just like a regular CD). This one also mentions your earnings could be impacted, which translates in English to the word fee. This is not worth all this hassle for a couple extra dollars in exchange for tying up your resources.
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Setting up a CD just for a 0.05% bump may not be worth it. Even mainstream banks like ETrade are paying 2.75% now. At this point, I would just keep my money in one of these savings accounts and wait for the fed to increase their rates again.
Setting up a CD just for a 0.05% bump may not be worth it. Even mainstream banks like ETrade are paying 2.75% now. At this point, I would just keep my money in one of these savings accounts and wait for the fed to increase their rates again.
Good point, but it's unlikely rates are going down anytime soon. I won't be surprised if we see 4+% rates over the next few months.
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