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Old 07-02-2022, 08:09 AM
 
11,175 posts, read 16,010,330 times
Reputation: 29925

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Quote:
Originally Posted by michgc View Post
Pentagon Federal has a July 4th special (can buy until 7/7):

2.75% for 2 years
3.5% for 5 years

We are planning to buy a second home in about 3 years, and I just want to park some money, so bought some 2 year ones. Better than the .45% I was getting in the money market. Funny thing is that we only have an account there because years ago they had higher CD rates than our regular credit union (Navy Federal).

Navy Federal isn't as good, but they just raised rates:

2.25% for 3 years
2.8% for 5 years

3.1% for 7 years
There are better rates with the same or shorter maturities to be had that can easily be purchased through a brokerage account. For example, instead of Penfed's "July 4th "special" of 2.75% for 2 years, you can get a 2-year CD paying 3.15% from Ally Bank that matures on 7/8/24 or an even better 3.3% rate from Capital One that also matures on 7/8/24. I found both of these are through Schwab.

You can even beat those rates with maturities as short as 18 months (2.95%) or even just 1 year (2.75%).
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Old 07-02-2022, 06:48 PM
 
Location: USA
9,115 posts, read 6,160,628 times
Reputation: 29908
Citibank is giving 1.1% for a 6-month CD.

also they are giving 1.01% for a savings account.
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Old 07-03-2022, 12:16 PM
 
10,864 posts, read 6,467,480 times
Reputation: 7959
CFG is giving 1.6 for money market account,no minimum,also take a look at CIT bank.
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