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Callable bank CDs are pretty unusual, and if it was callable, I don't think Goldman would try to hide that.
Callable is more common in brokered CDs.
I'd assume it's not callable, but read everything during the application process to stay safe, or just ask Marcus.
To me, a callable CD doesn't make sense unless it pays extra, and more than a HYSA. They can get out without penalty, but you can't? Yeah, I want the bank to pay me for that clause.
Thanks. They don't explicitly state non-callable that I can find but I haven't gone through an app
Thanks. They don't explicitly state non-callable that I can find but I haven't gone through an app
Most bank CDs don't explicitly state non callable. I own several from different banks and credit unions, and don't recall any of them saying that.
Interest rates have come down a little since I bought them, so it would be slightly advantageous for the bank to call them. I can't get new CDs at the same term and rate.
If anyone is holding off on a CD but wants this kind of rate, lending club savings is at 4.5% as well. Very happy with them so far. you have to put $250 a month to keep the rate.
But requires a monthly deposit. Not suitable for accounts that just hold, or draw down.
And i pointed that out. in all honesty, if $250 automatic monthly deposits are a problem for you then maybe your biggest priority shouldn't be looking for the best rates.
And i pointed that out. in all honesty, if $250 automatic monthly deposits are a problem for you then maybe your biggest priority shouldn't be looking for the best rates.
Yes, you can, but I'm not a fan of products with requirements to do things I normally wouldn't.
For me, a savings account is an emergency fund. It holds a few months salary and I mostly leave it alone.
Sure, I could deposit and withdraw $250 every month and get 0.15% more than my current savings account. Just don't want to play the game for so little.
Now, if I was saving for something and depositing every month anyway, great deal.
Why would anyone use Lending club? you have to deposit each month to get the 4.40 rate.
Brio direct is 4.45 no monthly depsit
Openbank 4.40 i have had them for 6 months now love them so far.
My Banking Direct 4.40 same as open bank and you can Zelle money in and out
So why lending club? just put your money in one of these and leave it. Well for now...
I'll give a thumbs up to MBD.
The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.
This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.
The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.
This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.
I have MBD and Openbank waiting to see if they stay even with each other and have about the same amount in each
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Callable is more common in brokered CDs.
I'd assume it's not callable, but read everything during the application process to stay safe, or just ask Marcus.
To me, a callable CD doesn't make sense unless it pays extra, and more than a HYSA. They can get out without penalty, but you can't? Yeah, I want the bank to pay me for that clause.
Most bank CDs don't explicitly state non callable. I own several from different banks and credit unions, and don't recall any of them saying that.
Interest rates have come down a little since I bought them, so it would be slightly advantageous for the bank to call them. I can't get new CDs at the same term and rate.
Link please
Link please
https://www.lendingclub
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https://www.lendingclub.com/pd/se...i4QAvD_BwE [lendingclub.com]
And i pointed that out. in all honesty, if $250 automatic monthly deposits are a problem for you then maybe your biggest priority shouldn't be looking for the best rates.
Yes, you can, but I'm not a fan of products with requirements to do things I normally wouldn't.
For me, a savings account is an emergency fund. It holds a few months salary and I mostly leave it alone.
Sure, I could deposit and withdraw $250 every month and get 0.15% more than my current savings account. Just don't want to play the game for so little.
Now, if I was saving for something and depositing every month anyway, great deal.
Brio direct is 4.45 no monthly depsit
Openbank 4.40 i have had them for 6 months now love them so far.
My Banking Direct 4.40 same as open bank and you can Zelle money in and out
So why lending club? just put your money in one of these and leave it. Well for now...
Brio direct is 4.45 no monthly depsit
Openbank 4.40 i have had them for 6 months now love them so far.
My Banking Direct 4.40 same as open bank and you can Zelle money in and out
So why lending club? just put your money in one of these and leave it. Well for now...
The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.
This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.
The rate has fluctuated. Started at 4.5%, went down to 4.25%, but recently it went back up to 4.4% on my account, this was always in line with the market, and they stayed within a few basis points of the best rate available on depositaccounts.com.
This means they don't play the old game where existing customers only get rate drops, while new accounts get increases. I have the same rate as a new customer.