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Bread Savings Bank offering 3.5 for 2 yr cd- can I trust?

Posted on 8/22/22 at 3:37 pm
Posted by davidsheroes
Los Angeles
Member since May 2007
3888 posts
Posted on 8/22/22 at 3:37 pm
Bread Savings use to be Comenity Bank. It is highly rated by bankrate.com.

3.5 is the highest on market for a 2 yr cd.

Can I trust it?
Posted by deeprig9
Unincorporated Ozora
Member since Sep 2012
76340 posts
Posted on 8/22/22 at 3:46 pm to
Look into I-bonds as well. Paying a lot more than that right now, with only a 1 year commitment.
Posted by Fat Bastard
alter hunter
Member since Mar 2009
93728 posts
Posted on 8/22/22 at 5:15 pm to
quote:

Can I trust it?




meh

i'd rather trust celsius

rocket31 said so. GUARANTEED 11% RETURN WITH ZERO RISK!

Posted by Kreg Jennings
Parts Unknown
Member since Aug 2007
4047 posts
Posted on 8/22/22 at 6:55 pm to
Saw a 2 year CD at 3.2% over the weekend. With the anticipated additional 75 bps raise by the Fed coming in Sep….I’d say so. But, that works both ways. Higher loan rates too.
Posted by Nephropidae
Brentwood
Member since Nov 2018
2837 posts
Posted on 8/22/22 at 7:45 pm to
Straight savings account rates are climbing to 2% right now, and will climb with raising rates and competition to keep balances. Haven’t seen this in 10 years.
Posted by IcedOutBart
Houston
Member since Jul 2017
210 posts
Posted on 8/24/22 at 10:43 am to
I’ve found 3% on 6mo CDs through M Lynch
Posted by IcedOutBart
Houston
Member since Jul 2017
210 posts
Posted on 8/24/22 at 10:49 am to
Actually 2.79. 3 on the 1 yr
Posted by Tiger In the Swamp
Louisiana
Member since May 2014
883 posts
Posted on 8/27/22 at 8:16 am to
Can’t seem to find the M Lynvh CD rates. Can u share a link? Thanks
Posted by Tshiz
Idaho
Member since Jul 2013
7974 posts
Posted on 8/27/22 at 4:29 pm to
quote:

Look into I-bonds as well. Paying a lot more than that right now, with only a 1 year commitment.


Thought it was 6 month min?
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