Financial Samurai - Forums

General Investing => Fixed Income Focused => Topic started by: NYFamilyof4 on November 06, 2018, 09:33:05 AM

Title: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: NYFamilyof4 on November 06, 2018, 09:33:05 AM
Curious what you all think about this CD offer for the top step of the step stool.  3.55% CD for 30 months plus 2 years of AMZN Prime ($238 value) if you deposit $50k for CD and open a $1k checking account.  Thoughts?

https://www.bankatunited.com/Landing/30-Month-CD?gclid=Cj0KCQiAlIXfBRCpARIsAKvManxhTgwOd7lkVci-y6Yb-gLKOP9Hj7ncrfvS9cjHx70qAiCU51h7mskaAqE0EALw_wcB&gclsrc=aw.ds
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: Sam on November 06, 2018, 11:33:42 AM
Pretty damn good for a 30 month term!

10-year yield is at 3.2% and I don't see it going past 3.5%, hence I think this offer is great!
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: NYFamilyof4 on November 07, 2018, 05:24:43 AM
Thanks!  Pulled the trigger.
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: gautamv27 on November 16, 2018, 12:16:48 PM
Curious if this can be done online or if you need to walk into a local branch to open the checking account?
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: gautamv27 on November 16, 2018, 01:49:27 PM
I found the answer. The 30 month CD is a branch special you have to walk-in and sign up for it.
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: PandaAtlanta on November 18, 2018, 11:58:22 AM
That rate seems too good to be true. The highest 3 year CD I can find is 3.35 APY for 3 years.

https://www.depositaccounts.com/cd/3-year-cd-rates.html

Quote from: NYFamilyof4 on November 06, 2018, 09:33:05 AM
Curious what you all think about this CD offer for the top step of the step stool.  3.55% CD for 30 months plus 2 years of AMZN Prime ($238 value) if you deposit $50k for CD and open a $1k checking account.  Thoughts?

https://www.bankatunited.com/Landing/30-Month-CD?gclid=Cj0KCQiAlIXfBRCpARIsAKvManxhTgwOd7lkVci-y6Yb-gLKOP9Hj7ncrfvS9cjHx70qAiCU51h7mskaAqE0EALw_wcB&gclsrc=aw.ds
Title: Re: 30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?
Post by: NYFamilyof4 on November 27, 2018, 10:05:24 AM
It is not too good to be true because I signed up without any issues and the product is protected by FDIC insurance if the worst case occurred with the institution.  You do need to sign up in person in the branch - which is not a big deal if you are close to one.



Quote from: PandaAtlanta on November 18, 2018, 11:58:22 AM


That rate seems too good to be true. The highest 3 year CD I can find is 3.35 APY for 3 years.

https://www.depositaccounts.com/cd/3-year-cd-rates.html

Quote from: NYFamilyof4 on November 06, 2018, 09:33:05 AM
Curious what you all think about this CD offer for the top step of the step stool.  3.55% CD for 30 months plus 2 years of AMZN Prime ($238 value) if you deposit $50k for CD and open a $1k checking account.  Thoughts?

https://www.bankatunited.com/Landing/30-Month-CD?gclid=Cj0KCQiAlIXfBRCpARIsAKvManxhTgwOd7lkVci-y6Yb-gLKOP9Hj7ncrfvS9cjHx70qAiCU51h7mskaAqE0EALw_wcB&gclsrc=aw.ds