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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
in
Finance
(7)
Deal Details
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.
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.
67 Comments
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Even with 50 basis points bump, its nothing to be overly excited about when inflation rate is about 9%. At this point, you're still losing about 5-6% buying power.
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people need to shut up about the CDs they suck
buy CDs only if they can beat 1 -2 yr treasury bills at the bare min
this deal cannot even beat the 3 month yield. = 3.29 3.37%
def not the 6 month yield = 3.87 4.00%
1 yr = 3.98 4.16%
2 yr = 100.06 4.22%
5 yr = 100.32 4.05%
10 yr = 91.14 3.84%
30 yr = 85.66 3.81%
note do not touch 30 yr its worthless
best one is likely 6 month as a balance between time and rate hikes.
very likely rate hike to 4.6 and they will realize they need to raise rates more.
dont bother with anything longer than 3-6 months ignore the cds only this worth buying in bonds or cds is inflation bonds and ignore 99% of cds they pay lower than 3 m treasuries
people need to shut up about the CDs they suck
buy CDs only if they can beat 1 -2 yr treasury bills at the bare min
this deal cannot even beat the 3 month yield. = 3.29 3.37%
def not the 6 month yield = 3.87 4.00%
1 yr = 3.98 4.16%
2 yr = 100.06 4.22%
5 yr = 100.32 4.05%
10 yr = 91.14 3.84%
30 yr = 85.66 3.81%
note do not touch 30 yr its worthless
best one is likely 6 month as a balance between time and rate hikes.
very likely rate hike to 4.6 and they will realize they need to raise rates more.
dont bother with anything longer than 3-6 months ignore the cds only this worth buying in bonds or cds is inflation bonds and ignore 99% of cds they pay lower than 3 m treasuries
edit: upon briefly looking into it, it looks like you have to go through a brokerage account?
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edit: upon briefly looking into it, it looks like you have to go through a brokerage account?
https://www.treasurydir
depending on what you're looking for - non-competitive bid, you can buy directly,
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Go put this money on a short-term bond instead. 3.6% or T-Bills.
PROMO HELIUM RATE FOR ONE YEAR ON NEW MONEY NOT ALREADY ON DEPOSIT AT ELEMENTS — $2,500 AND ABOVE - 3.20%/3.25% APY
T-Bill 8 week 3.230%
-> T-Bill 13 week 3.340%
T-Bill 26week 3.850%
T-Bill 52week 3.955%
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