Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
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Looks like they're no longer offering the 27mo option :\
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I am not very educated on this. I heard borrowers can call the CD due and take it back without paying interest. Probably pretty rare but I want my money somewhere where no one can mess with it.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
No, it’s 5% APY and this is over 27 months. You would get $1,160 in interest if you kept it over the 27 month period without withdrawing early.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Remember that the 6.89% rate is composed of a fixed rate and a variable rate. The variable part of the I bond interest rate will likely fall come May, but the fixed rate, 0.4%, is permanently part of...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Delete
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Thank you for sharing that! How about for regular CDs as per their FAQs it appears one can change the maturity settings to close on maturity anytime before maturity...is that understanding correct?
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
But by waiting & buying in the later part of April we lose out on earning 6.89% now rite...i gather you mean that park in some 3 month treasury notes for 4.7x% and then earn the higher 6.89% at that...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
You would have $3,308 after two years give or take a couple of dollars.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Currently 4.85%… I’m waiting for it to hit 5% again or higher. At that point, we’ll be at peak IMHO, so for a fixed income side of portfolio, this would be the best no risk return.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
yes. no need to gamble when you have already won.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Not bad with it being FDIC insured. Any issues opening and closing accounts if going with the No-penalty CDs? Trouble or lots of hassle? Do they have a customer service call center?
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
CIT bank providing a No Penalty 11 month CD at 4.10 APY
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
27 months is ehhh
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Does anyone here actively use or can speak to the credibility of the mysavingsdirect.com 4.35%APY savings account? (No min, no limit, no fees).
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
FDIC insured?
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
we need this in a non brokered cd
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Practically speaking, is there any difference other than how you go about purchasing?
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Anyone who has experience with foreclosing savebetter's no penalty cds? Is it similar to Ally where one can do it anytime online? or is it more involved like calling savebetter or worse..as asked...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Where else would you put your money? People who held on to cash this past year were by far ahead of those who invested. So if cash is king, until after elections, why not keep it and get a little...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Thank you for that detailed note! Btw looking at the inflation numbers i am wondering if the rate would even be worth the hassle...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
First Horizon bank in NC has a 12 month 4.5% too
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
The early withdrawal penalty is the equivalent of 180 days simple interest.
Does anyone know how different is it versus opening a CD account directly with Sallie Mae. i understand rates are lower,...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Something doesn't sound right if Sallie Mae is offering higher rates through a completely different company website, as opposed to their own directly. There must be some possible downside.
Think...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
That's a great rate 👍
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Is this just for people who have a bunch of cash sitting around? With inflation at 7%, you're losing 2% per year on any cash in this cd, and you're locked in for over 2 years.
What is the...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Didnt see 4.05% for Savings.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
but I-bonds are only restricted to $10,000 per year which isnt much these days
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
You can buy more than $10,000 per year by gifting. A nice video on how to do it https://www.youtube.com/watch?v=2UBXXQUxJ4M&t=709s
If you have children, you can gift them an I bond. They just...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I know of a benign reason, basically all banks indulge in this sort of (IMHO) 'sly' technique for lack of a better word. Basically they are all willing to pay higher rates to compete in the brokered...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I had a small real estate investment that I made about 10% on by buying and selling last year so I matched inflation. I doubt inflation will be another 10% this year. I am pretty sure it will not...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I don't see No penalty CD's offer through Salliemae's home website. The rates for the regular CDs are also different. I wonder how Savebetter get these rates let alone No penalty CDs.
...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
mysavingsdirect.com is FDIC INSURED
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I'm reading the terms on the 4.4% no penalty and it looks like you can withdraw directly from the website (no need to sell on secondary market).
With the non-penalty, I'm honestly not seeing any...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I don't know about ya'll but there's banks with APYs at 4% for savings accounts. Consider me new-school but I'd rather have liquidity than get stuck in some sort of CD. The lost money potential is...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
Inflation ain’t 7% any more. Look at the MoM numbers for the last 6 months. The annualized 6.5% number is deceptive if you’re looking forward.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
I think tbills 17w tbills are around 4.5%. which is also state tax advantaged.
I'm leaning towards 17w and Ally for money that i need in a couple years.
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
So in your opinion you would rather have a fairly new German fintech company and not a bank or brokerage firm in charge of your money?
It seems like one Chinese or Russian hacker comes along and...
Sallie Mae 27 month CD 5% through Savebetter
Thread created 01-18-2023 by Hubbs1
+16 Score
59 Replies
19,906 Views
So I want to deposit $3000 and in 2 years I get $150.00? Please ELI5...I don't understand CD stuff
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