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expiredCDI posted Nov 16, 2022 04:44 PM
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expiredCDI posted Nov 16, 2022 04:44 PM

Trustar Bank 12-Month CD: Earn

($1,000 Minimum Deposit)

4.85% APY

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Deal Details
Trustar Bank offers 4.85% APY on 12-Month CD with a minimum $1,000 Deposit.

Thanks to community member CDI for finding this deal.

Editor's Notes

Written by megakimcheelove | Staff
  • About this deal:
    • The interest rate and APY are subject to change at any time without notice
    • Additional terms and conditions may apply
    • See forum thread for additional deal discussion

Original Post

Written by CDI
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Trustar Bank offers 4.85% APY on 12-Month CD with a minimum $1,000 Deposit.

Thanks to community member CDI for finding this deal.

Editor's Notes

Written by megakimcheelove | Staff
  • About this deal:
    • The interest rate and APY are subject to change at any time without notice
    • Additional terms and conditions may apply
    • See forum thread for additional deal discussion

Original Post

Written by CDI

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Top Comments

TurtlePerson2
2245 Posts
412 Reputation
Current Treasury Rates [bloomberg.com]
1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
bionictony
323 Posts
59 Reputation
minimum 1k, what's the maximum?
workoutexcite
89 Posts
28 Reputation
Tempting! Not sure to lock in or wait for something 5% 😇

118 Comments

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Original Poster
Nov 17, 2022 01:48 PM
6,885 Posts
Joined May 2011
CDI
Original Poster
Nov 17, 2022 01:48 PM
6,885 Posts
Quote from CoralRose466 :
If one dont have need for money/cash sitting in their bank account or under mattress for next 12 to 18 months, then this is a great rate to get locked in.
I went ahead with it. Was easy to do.
Nov 17, 2022 02:25 PM
101 Posts
Joined Aug 2019
Tempo4200Nov 17, 2022 02:25 PM
101 Posts
Anyone tried their android app? Is it any good, I only see 7 reviews on GPlay
Nov 17, 2022 03:37 PM
31 Posts
Joined May 2018

This comment has been rated as unhelpful by Slickdeals users.

Nov 17, 2022 03:58 PM
475 Posts
Joined Apr 2013
bxd20Nov 17, 2022 03:58 PM
475 Posts

Our community has rated this post as helpful. If you agree, why not thank bxd20

Quote from huytran408 :
I would only put $10k as that is FDIC insured. However there is no limit on how many CD's you can open.
Reference?

FDIC is $250,000.

https://www.fdic.gov/resources/de...-a-glance/
1
Nov 17, 2022 04:04 PM
2,245 Posts
Joined Nov 2014
TurtlePerson2Nov 17, 2022 04:04 PM
2,245 Posts
Current Treasury Rates [bloomberg.com]
1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
Original Poster
Nov 17, 2022 04:17 PM
6,885 Posts
Joined May 2011
CDI
Original Poster
Nov 17, 2022 04:17 PM
6,885 Posts
Quote from huytran408 :
I would only put $10k as that is FDIC insured. However there is no limit on how many CD's you can open.
Doesn't seem correct. Could you clarify where you got this information is from?
Nov 17, 2022 06:14 PM
34 Posts
Joined Nov 2017
lurch1Nov 17, 2022 06:14 PM
34 Posts
26 and 52 week T-bills paying 4.6-4.7% and state tax exempt at Treasury direct.

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Nov 17, 2022 06:19 PM
9,443 Posts
Joined Dec 2013
doboy007Nov 17, 2022 06:19 PM
9,443 Posts
Quote from huytran408 :
I would only put $10k as that is FDIC insured. However there is no limit on how many CD's you can open.
what century are you from? $10k, haha
2
Nov 17, 2022 07:11 PM
463 Posts
Joined Jan 2012
roxwellaNov 17, 2022 07:11 PM
463 Posts
Not a bad rate if you want to tie up cash for a year. If you just want a short term place to park, Marcus is paying 3% on normal savings accounts.
Nov 17, 2022 10:06 PM
2,359 Posts
Joined Mar 2007
raysacrNov 17, 2022 10:06 PM
2,359 Posts
Quote from TurtlePerson2 :
Current Treasury Rates [bloomberg.com]
1 Year Treasury is at 4.65%, which is less than 4.85%, but if your state income tax is higher than 4%, you'll be better off with the treasuries, as treasury income is not taxable by states and CD income is. The majority of Americans live in states where the top marginal rate is over 4%.
Son of bish....I just deposited 200K into a citibank 1yr CD at 4%. I didn't know about the treasury.
Nov 17, 2022 10:13 PM
2,245 Posts
Joined Nov 2014
TurtlePerson2Nov 17, 2022 10:13 PM
2,245 Posts
Quote from raysacr :
Son of bish....I just deposited 200K into a citibank 1yr CD at 4%. I didn't know about the treasury.
I think you can normally withdraw a CD early, but forfeit the interest. Depending on the state you live in, the treasury might be worth $2000 more over the year.
2
Nov 18, 2022 12:06 AM
266 Posts
Joined Feb 2009
StandardChairNov 18, 2022 12:06 AM
266 Posts
Obligatory comment that I bonds also pay more. If you maximized your I bonds and get t bills, at least the t bills are easy to sell on the secondary market, unlike a CD.
Nov 18, 2022 12:44 AM
173 Posts
Joined Dec 2007
Zabman48Nov 18, 2022 12:44 AM
173 Posts
Treasuries are easier to deal with too, once you set up and account. No paper work involved.
Nov 18, 2022 01:57 AM
119 Posts
Joined Nov 2012
ohbouyNov 18, 2022 01:57 AM
119 Posts
Quote from lurch1 :
26 and 52 week T-bills paying 4.6-4.7% and state tax exempt at Treasury direct.
Can someone explain how these investments work? How much can be invested?

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Nov 18, 2022 03:41 AM
52 Posts
Joined Jul 2014
SamE4837Nov 18, 2022 03:41 AM
52 Posts
It'll go up as the feed Keeps raising rates. Another 0.5% next meeting and maybe another 0.25 to 0.50 again after. Do it now and/or later and you'll still come out behind inflation.
1

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