Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
An online bank with "impact" goals that started only in 2022 offering 100-yr CD, 4.75% fixed, as a publicity stunt - 10-yr interest penalty for early withdrawals. Alternatives? 30-yr Treasury bond or zero. "We had not yet opened for deposits in 2022, but have amassed over $22 million in the first quarter of 2023, with roughly a third of this coming from businesses, and two-thirds from consumers." https://walden-mutual-public.s3.amazonaws.com/WaldenMutual_AnnualReport_23-05.13.2023.pdf
Pretty nuts. Basically, you're saving the $$$ for your heirs or maybe even for THEIR heirs. Like a long-term annuity, but you see zero benefit, yourself.
Comments
"We had not yet opened for deposits in 2022, but have amassed over $22 million in the first quarter of 2023, with roughly a third of this coming from businesses, and two-thirds from consumers."
https://walden-mutual-public.s3.amazonaws.com/WaldenMutual_AnnualReport_23-05.13.2023.pdf
Haven’t looked at the details. Don’t do CDs. But if this is tradable, than it should behave like a long term bond with huge price swings.