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30mo/3.55% CD + 2 yrs of AMZN Prime free = Good option for the step stool?

Started by NYFamilyof4, November 06, 2018, 09:33:05 AM

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NYFamilyof4

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

Sam

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!
Regards,

Sam


gautamv27

Curious if this can be done online or if you need to walk into a local branch to open the checking account?

gautamv27

I found the answer. The 30 month CD is a branch special you have to walk-in and sign up for it.

PandaAtlanta

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

NYFamilyof4

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