Marcus offers 7,11, and 13 month CDs with no penalty on withdrawal before maturity. The 13 month CD offers 2.35% interest and the 7 month CD offers 2.25%. Why would I open a 7 month CD if I can open a 13 month CD and withdraw earlier with no penalty? What am i missing?
It's no penalty *unless* you withdraw *within* 7 days.
If you withdraw early you probably get 0 interest. You can put cash in a Marcus savings account for 2.25 so not sure why it makes sense to even fuck with a 2.35 cd
Rates are rising, don't touch cds
https://www.northpointe.com 2.3% SAVINGS account.
I have a 9 month auto renew CD at BoA paying 0.04% and can't get there in person to non-renew because I now live abroad. Can't tell them I live abroad because they'll close my account. Sucks.
Ally 12CD 2.75
Ally 14CD 2.85 Penfed 18CD 2.90
No penalty?