Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
CD/MMF - What Rate Are You Getting
Old 05-17-2006, 03:51 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,375
CD/MMF - What Rate Are You Getting

I've been using my Scottrade & Waterhouse accounts to buy CDs.

3-4-5-6-9 monthers

Just bought some 6-month at 5.05%

Anyone else using CDs and what have you been getting
__________________

__________________
MinnesotaEats - www.goodfoodmsp.com
Danny is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: CDs - What Rate Are You Getting
Old 05-17-2006, 03:57 PM   #2
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: CDs - What Rate Are You Getting

Bought some of the penfed 3yr@6% since that's a full 100bp over treasuries.

You should be able to get close to 5% from a money market (or t-bills), so I haven't seen a reason to get short-term CDs.
__________________

__________________
wabmester is offline   Reply With Quote
Re: CDs - What Rate Are You Getting
Old 05-17-2006, 04:04 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,375
Re: CDs - What Rate Are You Getting

Quote:
Originally Posted by wab
Bought some of the penfed 3yr@6% since that's a full 100bp over treasuries.

You should be able to get close to 5% from a money market (or t-bills), so I haven't seen a reason to get short-term CDs.
My MMF choices OK but not too exciting - Waterhouse MMF = 4% and Scott = 3.50%

Plus the CDs lock me up and keep me from feeling tempted to buy equities - maybe when they're a lot cheaper - say 3-9 months from now?
__________________
MinnesotaEats - www.goodfoodmsp.com
Danny is offline   Reply With Quote
Re: CDs - What Rate Are You Getting
Old 05-17-2006, 04:10 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: CDs - What Rate Are You Getting

5.25% 5 yr CD's from local credit union.
__________________
justin is offline   Reply With Quote
Re: CDs - What Rate Are You Getting
Old 05-17-2006, 04:11 PM   #5
Thinks s/he gets paid by the post
grumpy's Avatar
 
Join Date: Jul 2004
Posts: 1,321
Re: CDs - What Rate Are You Getting

Vanguard Prime MM 7 day yield = 4.7%. I can't see bothering with short CD's for the tiny increase in yield.

Grumpy
__________________
...you can check out any time you like, but you can never leave...
grumpy is offline   Reply With Quote
Re: CD/MMF - What Rate Are You Getting
Old 05-17-2006, 05:09 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: CD/MMF - What Rate Are You Getting

Me neither.

I'm not biting on those 6% cds yet either.

At 7%, I'll start nibbling.

Right now i'm keeping my cash liquid...equities are going on sale and I love buying stuff when its cheaper.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: CD/MMF - What Rate Are You Getting
Old 05-17-2006, 05:13 PM   #7
Full time employment: Posting here.
shiny's Avatar
 
Join Date: Jun 2005
Posts: 673
Re: CD/MMF - What Rate Are You Getting


Justin, is that Coastal Federal Credit Union?
__________________
I'm made of atoms, you're made of atoms, and we're all in this together. Ben Lee
shiny is offline   Reply With Quote
Re: CD/MMF - What Rate Are You Getting
Old 05-17-2006, 06:24 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: CD/MMF - What Rate Are You Getting

It's State Employees Credit Union (North Carolina). I'm holding on to someone's money for them until they want it back. If it were my money, I'd stick it in with the rest of my cash at Vanguard Treasury Money Market Admiral.

__________________
justin is offline   Reply With Quote
Re: CDs - What Rate Are You Getting
Old 05-17-2006, 06:42 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,375
Re: CDs - What Rate Are You Getting

Quote:
Originally Posted by grumpy
Vanguard Prime MM 7 day yield = 4.7%. I can't see bothering with short CD's for the tiny increase in yield.

Grumpy
That's a good one...I think I'm locked in to the brokerages' MMFs
__________________
MinnesotaEats - www.goodfoodmsp.com
Danny is offline   Reply With Quote
Re: CD/MMF - What Rate Are You Getting
Old 05-17-2006, 07:41 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Mar 2004
Posts: 2,083
Re: CD/MMF - What Rate Are You Getting

Citbank eSavings MM is upto 4.75% liquid with FDIC
__________________

__________________
I look to the present moment because that's where I live my life.
MJ is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Adjustable rate mortgage utrecht FIRE and Money 8 03-24-2007 12:51 PM
Do you agree with Bengen's "Layer Cake" withdrawal rate MikeK FIRE and Money 23 12-16-2006 11:50 AM
The Upside to Low Savings Rate? REWahoo FIRE and Money 0 03-29-2006 10:08 PM
Here's the New I Bond Rate JPatrick FIRE and Money 40 12-21-2005 12:23 PM
"Is the Safe Withdrawal Rate TOO Safe?" Nords FIRE and Money 13 10-20-2004 11:36 AM

 

 
All times are GMT -6. The time now is 12:49 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.