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Certificate Is Established

September 18th, 2014 at 12:54 pm

We finally got our CD with Navy Federal CU established. It seemed like it took forever to get the account established, and the money transferred. It was very quick to fill out the request yesterday and it was established within a very short time after that.

The certificate is for 1 year at 5% interest. The maximum amount was $5000. I'd have put more in if I could. This is savings that has been in our money market account. I noticed when I moved the money that we had not had any withdrawals from the account since December 2011. So tying the money into a CD for a year will not be an issue.

What is the highest interest rate you are currently earning on your cash?

Posted in Saving | 6 Comments »

6 Responses to “Certificate Is Established”

  1. Joan.of.the.Arch Says:
    September 18th, 2014 at 01:17 pm 1411046265
    1411046265

    4% on up to $10,000. Checking account.

  2. just a thought Says:
    September 18th, 2014 at 03:59 pm 1411055966
    1411055966

    Why don't you open a second certificate in your spouse's name? That's what my husband and I are doing, since we're both members.

  3. Bob B. Says:
    September 18th, 2014 at 05:05 pm 1411059943
    1411059943

    5% for one year sounds great.

  4. scfr Says:
    September 18th, 2014 at 05:49 pm 1411062561
    1411062561

    We have one CD earning 5.9% APY but it was established back in 2007. Our next highest is only 3%. Would gladly participate in the Navy Federal one if I was eligible. Good job getting it set up!

  5. rob62521 Says:
    September 18th, 2014 at 11:03 pm 1411081438
    1411081438

    Wow, 5%...that's great! I think the best we have is 3.5%.

  6. FrugalTexan75 Says:
    September 20th, 2014 at 01:44 am 1411177489
    1411177489

    Sad to say .. .95% is the highest.

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