Online purchase of Penfed CD - limit of 25K?

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spin_echo
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Joined: Sat Apr 17, 2010 9:13 pm

Online purchase of Penfed CD - limit of 25K?

Post by spin_echo »

Finally got around to opening a Penfed account. When I opened a 5 yr CD the max allowed amount was 25K (funding the CD externally). How do you get around this limit? Will transferring money to my Penfed account first and then buying the CD work? Thanks.
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HueyLD
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Re: Online purchase of Penfed CD - limit of 25K?

Post by HueyLD »

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Last edited by HueyLD on Sun Feb 08, 2015 4:51 am, edited 1 time in total.
mall0c
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Re: Online purchase of Penfed CD - limit of 25K?

Post by mall0c »

spin_echo wrote:Finally got around to opening a Penfed account. When I opened a 5 yr CD the max allowed amount was 25K (funding the CD externally). How do you get around this limit? Will transferring money to my Penfed account first and then buying the CD work? Thanks.
Or just buy multiple $25k CDs. This is better if you need to break them anyway - you could just break one $25k CD if you need $25k or less rather than breaking a larger CD.
FIRE'd. Mid-40s.
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tylerdurden
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Location: Austin, TX

Re: Online purchase of Penfed CD - limit of 25K?

Post by tylerdurden »

mike_slc wrote:Or just buy multiple $25k CDs. This is better if you need to break them anyway - you could just break one $25k CD if you need $25k or less rather than breaking a larger CD.
+1. I would recommend that as well.
"The things you own end up owning you." -TD
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