expiredeugenem posted Feb 04, 2023 02:15 PM
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expiredeugenem posted Feb 04, 2023 02:15 PM
6% interest 18 month CD Frontwave Credit Union
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For those lucky enough to live in their service area the Frontwave CU is offering an 18 month CD at 6% interest.
https://www.frontwavecu
QA note: Eligibility Requirements - Live, work or worship in either San Diego, Riverside or San Bernardino counties. Or be an immediate family member of a current Frontwave Credit Union member.
https://www.frontwavecu
QA note: Eligibility Requirements - Live, work or worship in either San Diego, Riverside or San Bernardino counties. Or be an immediate family member of a current Frontwave Credit Union member.
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Community Notes
About the Poster
For those lucky enough to live in their service area the Frontwave CU is offering an 18 month CD at 6% interest.
https://www.frontwavecu
QA note: Eligibility Requirements - Live, work or worship in either San Diego, Riverside or San Bernardino counties. Or be an immediate family member of a current Frontwave Credit Union member.
https://www.frontwavecu
QA note: Eligibility Requirements - Live, work or worship in either San Diego, Riverside or San Bernardino counties. Or be an immediate family member of a current Frontwave Credit Union member.
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45 Comments
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Also of note, this is a Credit Union, not a bank, so they are not FDIC insured, they are however NCUA Insured (National Credit Union Administration) which is supposed to be similar and also offers up to $250,000 insurance
I purchased 2 I-Bonds, one with an issue date of Oct 01, 2021 showing 9.62% yield, another one with issue date of Jan 01, 2022 with 6.48%.
But the current value on the one that was purchased earlier with high yield is showing less value than the one with low yield.
I posted a thread on SD here, I'm waiting for inputs.
https://slickdeals.net/f/16432363-treasury-i-bond-yield-discrepancy?p=161554465&newthread=success#po...
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I purchased 2 I-Bonds, one with an issue date of Oct 01, 2021 showing 9.62% yield, another one with issue date of Jan 01, 2022 with 6.48%.
But the current value on the one that was purchased earlier with high yield is showing less value than the one with low yield.
I posted a thread on SD here, I'm waiting for inputs.
https://slickdeals.net/f/16432363-treasury-i-bond-yield-discrepancy?p=161554465&newthread=success#po...
I-bonds have a whole bunch of rules and limits, governing when and how much you can buy and sell. Treasuries have no such rules. Generally, treasuries are a better investment than Series-I or Series-EE bonds. There was a brief time last year when Series-I bonds became very attractive for the general population and I'm guessing you're not the only one not quite sure what you bought. Here's a link I found with a quick Google search:
Forbes - Basics of I-Bonds [forbes.com]
I-bonds have a whole bunch of rules and limits, governing when and how much you can buy and sell. Treasuries have no such rules. Generally, treasuries are a better investment than Series-I or Series-EE bonds. There was a brief time last year when Series-I bonds became very attractive for the general population and I'm guessing you're not the only one not quite sure what you bought. Here's a link I found with a quick Google search:
Forbes - Basics of I-Bonds [forbes.com]
"Interest you earn is added to the value of the bond twice per year. This means the principal amount you earn interest on increases every six months, positioning your money to compound over time."
They never respond to emails, and it's nearly impossible to reach out to them over the phone. Overall, I would rather go with regular High Yield Savings or CDs, much easier, better and flexible.
"Interest you earn is added to the value of the bond twice per year. This means the principal amount you earn interest on increases every six months, positioning your money to compound over time."
They never respond to emails, and it's nearly impossible to reach out to them over the phone. Overall, I would rather go with regular High Yield Savings or CDs, much easier, better and flexible.
You're probably right to stick with HYS and CDs. You'll earn a better return with treasuries, but it's never a good idea to invest in securities that you don't understand. Don't worry, you're not going to be missing out on too much.
I purchased 2 I-Bonds, one with an issue date of Oct 01, 2021 showing 9.62% yield, another one with issue date of Jan 01, 2022 with 6.48%.
But the current value on the one that was purchased earlier with high yield is showing less value than the one with low yield.
I posted a thread on SD here, I'm waiting for inputs.
https://slickdeals.net/f/16432363-treasury-i-bond-yield-discrepancy?p=161554465&newthread=success#po...
Sign up for a Slickdeals account to remove this ad.
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