Jumbo 30mo CD 2.78%

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Post Reply
lazyday
Posts: 3001
Joined: Wed Mar 14, 2007 10:27 pm

Jumbo 30mo CD 2.78%

Post by lazyday » Thu Oct 12, 2017 12:46 pm

Not available for IRA according to a poster at depositaccounts.com and looks like a real pain to open and fund a jumbo.

https://www.gtefinancial.org/for-member ... te-special

https://www.depositaccounts.com/banks/gte-cu/offers/

roflwaffle
Posts: 337
Joined: Mon Mar 02, 2015 10:08 pm

Re: Jumbo 30mo CD 2.78%

Post by roflwaffle » Fri Oct 13, 2017 11:12 am

Looks like it's only for some Tampa zip codes, or if you have family members with a membership, but those are great rates.

EvelynTroy
Posts: 225
Joined: Sat Jun 07, 2008 8:35 am

Re: Jumbo 30mo CD 2.78%

Post by EvelynTroy » Fri Oct 13, 2017 11:28 am

roflwaffle -
The CD appears to be available nationwide - for those not in the identified zip codes -
Easy membership requirement by joining CU Savers ($10 one-time membership fee)

Hoglebed
Posts: 3
Joined: Tue Oct 10, 2017 3:52 pm

Re: Jumbo 30mo CD 2.78%

Post by Hoglebed » Fri Oct 13, 2017 2:57 pm

Unless I'm misunderstanding the terms, any purchase amount over $5,000 cannot be made online, it must be made at a GTE branch.

With that said, thanks a lot for this tip, I live locally and plan to put mid five figures in the 2 or 2.5 year CD for a future home down payment.

rrppve
Posts: 796
Joined: Sun Aug 12, 2012 12:35 am

Re: Jumbo 30mo CD 2.78%

Post by rrppve » Fri Oct 13, 2017 3:28 pm

Available nationwide. They will actually pay the $10 to CU Savers.
Deposit can be made at shared branch or wired to fund the jumbo CD. That said, it hasn't been easy. I'm still jumping through the hoops. It's also an add-on for 12 months, so you can open with $100k and increase to FDIC/NCUA max later.

sleepysurf
Posts: 85
Joined: Sat Nov 23, 2013 6:59 am
Location: Florida

Re: Jumbo 30mo CD 2.78%

Post by sleepysurf » Sun Oct 15, 2017 9:32 pm

Thanks! This looks like the best CD rate since the Andrews Federal deal ended earlier this year. GTE only has a "B" financial rating at DepositAccounts, but they've been around a long time in the Tampa Bay area. The add-on option is also a nice perk.

Post Reply