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Old 08-06-2018, 06:57 AM   #61
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It is. Just not sure I want to go longer than 2 years at this point.

As I mentioned above, as if Friday, Wells Fargo and JP Morgan were showing 2 year at 3.3% in my brokerage fixed income screener(callable).


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Old 08-06-2018, 08:43 AM   #62
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in Cash? Well, if you do, you might want one of these:
https://sdrtraveller.com/products/1m...ant=1064288871
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It's sold out.
They are still offering the RF/EMI shielding version, but as each one is custom-made, please allow for 1 month manufacturing & testing time....

https://sdrtraveller.com/products/1m...nt=43001521806

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Old 08-06-2018, 09:10 AM   #63
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Citizens Access (online subsidiary of Citizens Bank) has hit 2% on online only savings.
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Old 08-06-2018, 09:31 AM   #64
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I just opened up a money market account at Lakeland Bank (many locations in NJ) at 2.05%. Guaranteed until October 2019. Not an online account. (I moved it from another bank that was giving me 1.6%). That's $1000 in interest extra a year. I guess I'd keep moving it for at least $500/yr. Why not? - it takes less than an hours worth of my time for me.
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Old 08-06-2018, 09:33 AM   #65
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Anyone think we will see 4% CDs by Year End?
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Old 08-06-2018, 09:51 AM   #66
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As I mentioned above, as if Friday, Wells Fargo and JP Morgan were showing 2 year at 3.3% in my brokerage fixed income screener(callable).


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I just ordered some Wells new issue mature 8/16/20: 2.8% - settlement is next week so final yield might vary. I avoid callable CDs and bonds. Too much risk.
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Old 08-06-2018, 02:13 PM   #67
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As I mentioned above, as if Friday, Wells Fargo and JP Morgan were showing 2 year at 3.3% in my brokerage fixed income screener(callable).
I bought a few of those Wells Fargo CDs.

The interest schedule is:
2.55% through 8/2019
3.0% through 2/2020
5% through 8/2020

The very high likelihood is that they will call in Feb 2020 when the rate would go to 5% for the final 6 months. You get to 3.264% only if they pay the CDs for the full 2 years and don't call. If they call at 2/2020 it comes to 2.7%.

However, the way I looked at it was that 2.55% is better than the 1 year rate today. Should they not call at 1 year and go another 6 months or year, it's gravy.

I also bought the HSBC incarnation for 5 years:
3.0% through 2/2021
3.625% through 2/2022
3.875% through 8/2022
4.375% through 2/2023
4.875% through 8/2023

Again, 3.0% is a good rate for the first 2.5 years, anything after that will be gravy.
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Old 08-06-2018, 04:54 PM   #68
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I decided that today was the day to jump on this change in rates. I closed five 11 mo no penalty CD's at the older 1.75% rate and did so successfully with just 5 clicks. I then began the process of opening 5 new 11 mo no penalty CD's at the new 2% rate. After opening 2 successfully, the system stopped opening them and after a call to ALLY I was told that all new apps for my account were pending and I will receive a call in 3-5 business days. Meanwhile the money sits in a minimal interest bearing Ally checking account. ANNOYING but not fatal.
I was able to upgrade two of my CDs online, no problems. Hope you get your call back!
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Old 08-06-2018, 05:27 PM   #69
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freedom cu has 30 month 3.56%
Just picked two up today. Easy over the phone since I'm already a member and have another CD there.
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Old 08-06-2018, 05:34 PM   #70
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Just got 1yr at Fidelity 2.3%
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Old 08-06-2018, 05:56 PM   #71
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Just got 1yr at Fidelity 2.3%

If you're dealing with Fidelity, at this time, it's better to opt for the equivalent maturity Treasuries as opposed to the CD. Rates breakeven at about 15 months - less than that, treasury yields are higher and the intersest is free from state taxes. For example, instead of your 2.3% 1 year CD, you could have gotten 2.48% 1 year treasury and again, interest on the treasury is free from state taxes.

It is very easy/straightforward to purchase treasuries on Fidelity's website - just play around with it, you'll probably quickly figure it out. If not, do not be shy about calling and speaking with a representative who will gladly walk you through it.
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Old 08-06-2018, 06:00 PM   #72
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If you're dealing with Fidelity, at this time, it's better to opt for the equivalent maturity Treasuries as opposed to the CD. Rates breakeven at about 15 months - less than that, treasury yields are higher and the intersest is free from state taxes. For example, instead of your 2.3% 1 year CD, you could have gotten 2.48% 1 year treasury and again, interest on the treasury is free from state taxes.

It is very easy/straightforward to purchase treasuries on Fidelity's website - just play around with it, you'll probably quickly figure it out. If not, do not be shy about calling and speaking with a representative who will gladly walk you through it.
Do you work for Fidelity? LOL!
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Old 08-06-2018, 06:02 PM   #73
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Do you work for Fidelity? LOL!

No, but obviously I am a big fan.
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Old 08-06-2018, 07:05 PM   #74
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Just picked two up today. Easy over the phone since I'm already a member and have another CD there.
It looks like they only charge a six month early withdrawal penalty, so at 3.56% for 3 years that looks like the best overall deal out there. I think I'm going to move my money over tomorrow.
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Old 08-06-2018, 09:11 PM   #75
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It looks like they only charge a six month early withdrawal penalty, so at 3.56% for 3 years that looks like the best overall deal out there. I think I'm going to move my money over tomorrow.
That's correct. Six months penalty is the deal. Only a seven day Grace period at renewal to pull money out versus the more usual ten. Not a big deal just thought I'd make mention .
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Old 08-06-2018, 09:44 PM   #76
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Most of the new rates can be found in a timely manner at https://www.depositaccounts.com/blog/
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Penfed 1-year CD 2.45%
Old 08-07-2018, 08:44 AM   #77
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Penfed 1-year CD 2.45%

https://www.penfed.org/accounts/cert...018-_-08312018
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Old 08-09-2018, 07:38 AM   #78
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Rocky Mountain Credit Union (RMCU) recently raised the rates on its long-term Share Certificates, with the 60-month (3.50% APY)
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Old 08-10-2018, 08:04 AM   #79
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Here it is the first 4% CD (Limited funds though) $75k let us hope this is a trend.

Achieva Credit Union (Achieva) is currently offering amazingly competitive rates on its 60-month IRA/457B Plus (4.20% and 4.10% APY) and 60-month IRA/457B (4.00% APY).
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Old 08-10-2018, 08:25 AM   #80
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Here it is the first 4% CD (Limited funds though) only $75k let us hope this is a trend.

Achieva Credit Union (Achieva) is currently offering amazingly competitive rates on its 60-month IRA/457B Plus (4.20% and 4.10% APY) and 60-month IRA/457B (4.00% APY).
If I'm reading their website correctly, the 4.20% rate has a $75K minimum, not maximum. If so, that's a great rate. Too bad it's only for retirement accounts.

It looks like it's only available to local Florida residents too.
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