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expired Posted by hii.appa • May 6, 2023
expired Posted by hii.appa • May 6, 2023

9month CD @ 5.5% APY w/ $500 min deposit at Northern Bank Direct

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I know there NASA credit union is offering the same thing but difference is that this needs $500 min deposit vs $10k for NASA.

https://northernbankdirect.com/cds
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I know there NASA credit union is offering the same thing but difference is that this needs $500 min deposit vs $10k for NASA.

https://northernbankdirect.com/cds

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69 Comments

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May 6, 2023
5,963 Posts
Joined Jan 2008

This comment has been rated as unhelpful by Slickdeals users.

May 6, 2023
194 Posts
Joined May 2011
May 6, 2023
dreamfield
May 6, 2023
194 Posts
Quote from Eagles89 :
Why lock up your money when you might need it this year?
Obviously you would only lock up the money you know you won't need.
1
May 6, 2023
5,963 Posts
Joined Jan 2008

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May 6, 2023
2,135 Posts
Joined Nov 2010
May 6, 2023
slickdude1234
May 6, 2023
2,135 Posts
Quote from Eagles89 :
If you are going to play the fixed rate game, you should aim for the highest fixed rate ladder.
Care to explain?
2
May 7, 2023
1,952 Posts
Joined Apr 2006
May 7, 2023
ratbastard
May 7, 2023
1,952 Posts
Quote from slickdude1234 :
Care to explain?
I think he's referring to Treasury bill laddering. It's an investment strategy that involves buying t-bills with various maturity dates and interest rates. You can buy directly through the Treasury Department is through a brokerage firm like Charles Schwab (you'll pay a fee but have better liquidity of your funds).
May 7, 2023
1,787 Posts
Joined Apr 2012
May 7, 2023
wntrsnowg
May 7, 2023
1,787 Posts
Thanks for posting. I prefer this option compared to nasa; easier to sign up
May 7, 2023
6 Posts
Joined Mar 2023
May 7, 2023
FightingBunny
May 7, 2023
6 Posts
Sounds great! Going all in with all my savings.
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May 7, 2023
8,959 Posts
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May 7, 2023
Lanmanna
May 7, 2023
8,959 Posts
Quote from Eagles89 :
Why lock up your money when you might need it this year?
Only put in money you don't need. You can always pull the money out if necessary.
May 7, 2023
1 Posts
Joined Jul 2014
May 7, 2023
arehman0229
May 7, 2023
1 Posts
i got denied for it 0_o
1
May 7, 2023
28 Posts
Joined Jul 2011
May 7, 2023
zechs3
May 7, 2023
28 Posts
Is this a small bank? Similar to silicon valley and the others going belly up lately?
4
May 7, 2023
14 Posts
Joined May 2017
May 7, 2023
ThanahD
May 7, 2023
14 Posts

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Quote from zechs3 :
Is this a small bank? Similar to silicon valley and the others going belly up lately?
FDIC limit is $250K per account.
1
May 7, 2023
393 Posts
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May 7, 2023
825 Posts
Joined May 2006
May 7, 2023
toolmaker69
May 7, 2023
825 Posts
Hard pull required?
1
May 7, 2023
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Joined Sep 2007
May 7, 2023
ECartman
May 7, 2023
1,830 Posts

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Quote from ratbastard :
I think he's referring to Treasury bill laddering. It's an investment strategy that involves buying t-bills with various maturity dates and interest rates. You can buy directly through the Treasury Department is through a brokerage firm like Charles Schwab (you'll pay a fee but have better liquidity of your funds).
No fee for trading T-Bills at Schwab or Fidelity. Easy Peasy. And big advantage for those in high state tax states is there is no state tax on T-Bills.

Currently 17 week T-bills are near 5.25%.
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May 7, 2023
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