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expiredCDI posted Nov 16, 2022 04:44 PM
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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Nov 18, 2022 08:02 PM
113 Posts
Joined Mar 2010
dontgetscammedNov 18, 2022 08:02 PM
113 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%.
Series i savings bonds are 6.89%
Nov 18, 2022 08:17 PM
10 Posts
Joined Aug 2014
serendipityGCNov 18, 2022 08:17 PM
10 Posts
Quote from dontgetscammed :
Series i savings bonds are 6.89%
How can I buy treasury bonds? Who is the broker?
Nov 18, 2022 08:50 PM
2 Posts
Joined Jul 2021
OliveKestrel498Nov 18, 2022 08:50 PM
2 Posts
Can a foreigner on a working visa not a green card have a CD?
Nov 18, 2022 08:54 PM
2,245 Posts
Joined Nov 2014
TurtlePerson2Nov 18, 2022 08:54 PM
2,245 Posts
Quote from dontgetscammed :
Series i savings bonds are 6.89%
Yes, but that rate is only guaranteed for 6 months and those bonds have all kinds of limitations, including only being able to purchase $10,000 worth each year and forfeiting some of the interest if withdrawn before 5 years. They're not a bad deal now, but they're not the screaming deal they were 6 months or 12 months ago.
Nov 18, 2022 08:57 PM
2,245 Posts
Joined Nov 2014
TurtlePerson2Nov 18, 2022 08:57 PM
2,245 Posts
Quote from OliveKestrel498 :
Can a foreigner on a working visa not a green card have a CD?
I don't have personal experience with this, but if you can open a bank account you can probably open a CD. I have no idea why there would be citizenship requirements on a CD. Bear in mind that you will forfeit the interest (not the principal) if you have to withdraw a CD early.
Nov 18, 2022 09:01 PM
148 Posts
Joined Oct 2011
blackmarlin8Nov 18, 2022 09:01 PM
148 Posts
Quote from OliveKestrel498 :
Can a foreigner on a working visa not a green card have a CD?
Yes, I used to be on F1 and later H1-B , u can have CD. All u need to do is pay taxes on income as you do on your regular income.
Nov 18, 2022 09:11 PM
148 Posts
Joined Oct 2011
blackmarlin8Nov 18, 2022 09:11 PM
148 Posts
Brokerage pays better rates also, search on savebetter or fidelity , they all are insured as well.

Few days ago I opened one with savebetter.com ( sallie mae , 27month cd for 5%).

if looking long term then , fidelity has some for 5 years for 5.25%. Fidelity has 1000's of choices on CDs. They do deals with almost all banks on brokerage CDs.

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Nov 18, 2022 09:12 PM
83 Posts
Joined Nov 2011
pc5000Nov 18, 2022 09:12 PM
83 Posts
What is the early withdrawal penalty?

Has anyone set this up yet? Was it worth the hassle for the 0.2 over a treasury?
Nov 18, 2022 09:24 PM
58 Posts
Joined Oct 2016
dad3and3Nov 18, 2022 09:24 PM
58 Posts
Looks like you have to contact this bank in order to set up the CD purchase? I don't see any online option through their site? Am I missing something?
Nov 18, 2022 09:33 PM
3,693 Posts
Joined Jul 2019
94c107ea-869c-45a5-becd-c6b552Nov 18, 2022 09:33 PM
3,693 Posts
Quote from lurch1 :
26 and 52 week T-bills paying 4.6-4.7% and state tax exempt at Treasury direct.
Maximum allowed?
Nov 18, 2022 09:37 PM
1,070 Posts
Joined Mar 2006
Deallover45Nov 18, 2022 09:37 PM
1,070 Posts
Where on website does it say FDIC insured?
Nov 18, 2022 10:01 PM
2,936 Posts
Joined Dec 2011
thefischNov 18, 2022 10:01 PM
2,936 Posts
great rate, thanks OP
Nov 19, 2022 01:28 AM
407 Posts
Joined Oct 2009
plantmatterNov 19, 2022 01:28 AM
407 Posts
another account to open, just get a brokered CD or treasury from your broker.
Nov 19, 2022 01:38 AM
687 Posts
Joined Sep 2021
MaKlounkeeNov 19, 2022 01:38 AM
687 Posts
Nice rate, best 12 month (brokered) CD rate through Fidelity is 4.7%, which is probably much more convenient for their customers. There's like 12 banks to choose from.
Last edited by MaKlounkee November 18, 2022 at 06:42 PM.

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Nov 19, 2022 02:17 AM
1,200 Posts
Joined Oct 2014
cannonoNov 19, 2022 02:17 AM
1,200 Posts
For dummies, is this worthwhile over a 3% savings account? And why pick the 5 year CD ppl are mentioning for 5.25% over index or mutual funds that supposedly average 6% over 5-10 years?

Not judging, just new to all this info

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