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Bank visits

February 11th, 2016 at 01:26 pm

I visited 3 local banks today to find out the interest rates on savings products, money markets and c.d.'s. Even tho I want to keep some money here locally, none of the banks come close to the rates that you can get using an online bank.
I got a good deal at Navy Federal credit union, but that deal went away in Jan. I guess I will just keep looking for specials online. (Navy had a 2.5 c.d. for 30 months.) If you see anything good, let me know!

2 Responses to “Bank visits”

  1. AnotherReader Says:

    Hi Julie:

    Suggest you check out BBVA Compass Bank. 13 month CD was just raised to 1.35 percent, can open on-line. Minimum is $500. They also have a money market account at 1.20 percent for balances over $10,000. No fees if the balance is over $10,000. Here's the depositaccounts.com link:

    https://www.depositaccounts.com/banks/bbva-compass.html#a281184

    As you know, Melrose CU is offering 1.51 percent for 24 month CD's. Minimum is $5,000. CapitalOne is offering 1.50 percent now per depositaccounts.com, no minimum. Sadly, nothing approaching the 2.5 percent for 30 months. NASA Credit Union is offering 2.3 percent for 49 months, $5,000 minimum.

  2. Ima saver Says:

    Thanks, another reader. The Money market at BBVA was interesting, but their online customer comments were terrible.

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