Anyone use/ heard of Climate First Bank of Florida?

[Indus]

I was looking at No Penalty CD rates and they had the best rates.. yet bad reviews.

Anyone know/ deal with them personally?

Any problems??

 

[KLin]

Interesting comment...

 

[deadlyapp]

I would stick to a major bank. I don't really see their rate being that great.

Marcus by Goldman Sachs has a 7mo no penalty with only a tenth of a percent less APY.

 

[Indus]

I would stick to a major bank. I don't really see their rate being that great.

Marcus by Goldman Sachs has a 7mo no penalty with only a tenth of a percent less APY.

How long does it take to get the money transferred out if you need it?

That's my biggest question with Marcus.

 

[esquared]

Deposit accounts says it's reviewing their rates.

https://www.depositaccounts.com/banks/climate-bank.html#rates

Hard to find their rates.

Certificate of Deposit (CD) Accounts

Check out our newest Certificate of Deposit Account offers!

www.climatefirstbank.com

4.34% for 6 months

2.91% for 12 mo.

Nothing to write home about.

Deposit accounts website shows 20+ accounts above 4.35 for 6 mo terms

For 12 mo CDs?
Looks like 30-40 accounts above 4.2%

 

[deadlyapp]

How long does it take to get the money transferred out if you need it?

That's my biggest question with Marcus.

If you're worried about getting money out quickly, a CD is not what you should be looking at, just stick to a high yield savings which is still right around 4% but will likely fluctuate.

I imagine it takes 2-3 days to pull out of Marcus and transfer to an external account.

 

[Indus]

If you're worried about getting money out quickly, a CD is not what you should be looking at, just stick to a high yield savings which is still right around 4% but will likely fluctuate.

I imagine it takes 2-3 days to pull out of Marcus and transfer to an external account.

Was looking at a no penalty CD because Trump wants to cut rates.

At least with a CD the rates are locked for a while.