3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
FYI the savebetter online platform is clunky. They manage the account, you don't actually have the cd through a bank. It would not let me add a join account owner (the page refused to load then sent...
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Team I-Bonds here
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
I went with one of these, changed my mind 1 month later and ran out with 150 bucks in interest. Money was back in my account within 3 days. Phone call to cancel took less than a minute.
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Stocks have been taking it on the chin lately. Don't try to time the bottom. If you're young and have money to put away, consider just buying an S&P index fund.
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Thanks for the post, OP. Since one is opening a CD, does the fund returns to the funding account if one were to break the CD prior to its maturity?
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
It may be marketed as "no penalty" but that's not really accurate as you are already paying a penalty of 0.8% (fair market rate of 4.1%-3.3%) buying the Sallie Mae CD. When compared with the 4.1%...
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
thanks. can you send a link to the ibond thread?
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
The rates are annual, so for 3 months you don't get a rate of 3.37%, but only 3.37/4 = 0.84%.
In that case you can just open an AMEX HYSA which has annual rate of over 2%
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
thanks, great info
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
The problem is you are talking about a huge hassle to chase a 3.30% yield for literally a month and a half (until Feds raise rates again). As mentioned, the next 2 interest rate raises should...
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Not a no penalty CD.
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
The difference is you're not locking in. It's no penalty to break it. When a better rate is available, you move the money.
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
So in other words T Bills are the only actual higher option. The others have balance limits or aren't no penalty.
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Go to fidelity to access 1 year CDs currently offering 4.1%
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Elements offfers 4% but only up to 20k
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
How difficult it is to move savings into it ?
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
You can buy it from TD same place where you buy iBond
https://tipswatch.com/2022/07/04/looking-to-put-cash-to-work-consider-short-term-treasury-bills/...
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Signature FCU Checking 3.5% up to 20K
President Bank 3% checking up to 25K
6 months US T-Bills 3.88% No State tax NO Limit
3 Months US T Bills 3.33% No State Tax NO LIMIT
and go to doctor of...
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
14 months isn't long term, but if you are looking at investing for 10+ years stocks will probably do better
3.30% APY No Penalty 14 month CD (Certificate of Deposit) Sallie Mae Bank
Thread created 10-05-2022 by fgitsin
+27 Score
67 Replies
16,676 Views
Post something better. Challenge accepted. here is what's available:
Check out this. https://ibb.co/8XvPfxH
All of those are 12 month terms and MUCH higher rate. The rate offered in this...
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