October has some banks and credit unions offering higher yielding IRAs. One, a small community bank in Texas, had a 2.53% APY for 2-years with a one-time bump option. But, they pulled the rate and really aren't that big. I won't give their name today, but… However, I might in the future so you may want to stay in touch. Wink, Wink, nod, nod.
The big player seems to be Alliant Credit Union. They actually have CD rate specials quite often. If you are an existing member, the process is much faster than trying to become a member and then get a CD done.
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After working diligently for your whole life to build a nest egg for retirement, you want to know that your investments offer a good return but remain safe. Although well managed ETFs, corporate bonds, stocks, and mutual funds may provide superior returns, risk goes hand in hand with reward. Your principal and earnings are not guaranteed and can be dramatically affected by a down turn (as we certainly saw these last couple of years). As people near retirement, it makes sense to move investments into fixed income products such as Treasuries, Government Agency Bonds, or Certificates of Deposits.
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