My 15-mo 6% NFCU CD matures at the end of July so this is a very interesting topic to me. I also have a 5.5% CD at Countrywide. I plan to move those funds back to NFCU upon maturity next month. Currently NFCU’s jumbo 12-mo CD rate is 3.05%. It kills me when I think about how much less interest I’ll be earning. I will be reinvesting over $500K. I have a great deal of confidence in NFCU so I’m not worried about exceeding the FDIC limits. That being said, if there is an equally safe alternative out there that will return a higher yield I’d love to hear about it. Thanks!
