Best CD & MM Rates Thread 2018 Archive

[ShokWaveRider]

For Canadians...……….. Simplii Financial (Branch of CIBC)

Guaranteed Investment Certificates (GIC)
Invest in a 3.10% 1-year GIC today.

 

[jazz4cash]

Just stumbled on this. Harbor Bank of Maryland IRA MM is 2.6% w/ $500 min. That’s 500 not 500k! This is listed on depositaccounts and the bank website. I know they are a small local bank based in Baltimore. I’ll be looking into this.

Finally got this IRA MM account funded today. Harbor Bank of Maryland is very small, very low tech. The MM rate is 2.71 now so hope it will be worthwhile. It satisfies my urge to have a small stash in a local brick and mortar (along with PenFed Premium Savings).

 

[njhowie]

Greenwood Credit Union

1-year CD = 3.0%
5-year CD = 3.75%

Anyone can join by opening a savings account and maintaining a $5 minimum balance.

https://www.greenwoodcu.org/gcu-rates/

 

[Willers]

Ally Savings now 2.0%
Capital One 360 MM 2.0% ($10,000+)
Goldman/Marcus 2.05%

Yes, I just got the announcement from Ally on the change to 2.0%. They always seem to be a few weeks behind on these changes, but they make up for it with the 11-mo CD.

 

[target2019]

2.25% VMMXX Prime MM
1.53% VNJXX NJ Muni MMF

2.00% Discover Bank
0.35% Schwab Checking
0.01% Bank Checking

3.41% NJ LT Bond TE

 

[lucky penny]

For regular savings, American Express Bank increased the interest rate to 2% APY. Effective today.

And Barclays Online Savings is at 2.05%. They seem to be competing for the same funds. I have money at both & find them very similar in convenience & ease for transferring money in & out.

 

[tulak]

I still think VMMXX beats the lot for liquidity.

+1.

And as pb4uski mentioned earlier, the yield has been gradually increasing. It's at 2.25% right now and it started the week around 2.23% (or 2.22%)?

It's finally moving in the right direction.

 

[Golden sunsets]

Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?

 

[audreyh1]

Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?

Not from Fidelity.

If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.

 

[Huston55]

Can someone tell me if VMMXX can be purchased and held in a non Vanguard brokerage account?

Not from Fidelity.

If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.

If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.

 

[copyright1997reloaded]

Sallie Mae (one of the places I have some cash) just raised their MM APR from 2.10% to 2.20%. Their high yield savings is a slightly lower 2.10%.

While they aren't the highest (there are those at 2.25% and even a couple now at 2.35%), they have been pretty good at raising the rates to remain somewhat competitive.

ETA: They have also been good in not having to have hoops to jump through to get the new rate - it is automatically applied to the funds there. (Unlike HSBC, who lost my account because of that crap and places like MysavingsDirect.)

 

[audreyh1]

3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.

 

[audreyh1]

If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.

It’s yielding 2.17% as of Friday.

 

[Dtail]

It’s yielding 2.17%.

Plus an initial minimum 100k investment, but can maintain any balance.

 

[Montecfo]

3 month treasury bills are at 2.36%. 6 month treasury bills are at 2.5%.

Definitely one to consider.

 

[sengsational]

Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?

 

[kimcdougc]

Seems like a lot of competition for our cash lately. When's the last time that happened, and what happened next?

+1

 

[Golden sunsets]

Not from Fidelity.



If if it was available you'd pay a $75 transaction fee on purchase blowing away any benefit from the higher interest rate.

Thanks Audrey. I had determined that I couldn’t buy that fund at ML, but wondered if others who aren’t Vanguard brokerage holders were able to buy it from non Vanguard brokerage accounts. I guess it’s proprietary. I suppose I could set up a brokerage at Vanguard to hold that fund, and view as just another institution that I use for high yield savings/CD’s.

 

[jjflyman]

If you’re @ Fido, FZDXX currently has 7-day yield of 2.11% with no transaction fee.

FZDXX has a 100K min to invest

 

[braumeister]

FZDXX has a 100K min to invest

Only 10K in an IRA, if that matters.

 

[Dtail]

FZDXX has a 100K min to invest

But one can reduce it to any amount right away and still get the 100k rate.

 

[Huston55]

FZDXX has a 100K min to invest

But one can reduce it to any amount right away and still get the 100k rate.

Correct. This is what we’ve done. We also link FZDXX to our Fido Core (savings/checking) account so that every $ earns the FZDXX yield until the day it’s consumed to pay a bill.

 

[Free bird]

Scrapping for every last $. Capitalists are awesome.

 

[Dtail]

Scrapping for every last $. Capitalists are awesome.

And no ethical arguments on this one.

 

[Free bird]

While we scrap for eveey last basis point L Bell left $14 mil on the table. He will never get that that $14 mil back. Boo hoo. Gimme that basis point before I rip it outta yo hands