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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here
Old 07-26-2018, 07:59 AM   #1
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Best CD & MM Rates Thread 2018 - 2019 - Please Post Updates Here

Can we please consolidate all our CD Rate Postings Here in this thread so they are easy to find. Currently they are scattered around a variety of threads & Postings. This is my attempt to keep them all in one place. Especially as they are creeping up slowly. Thanks for your support.


CDBank.Com - 24-months CD for 3.00% APY
CDBank.Com - 12-months CD for 2.45%


Marcus - 12-month CD rate increase (2.45% APY)
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Old 07-26-2018, 08:02 AM   #2
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Andrews FCU is still offering their 9 month 2.75% CD special, limit one per customer.

However, they are now so backlogged people are having difficulty opening new accounts with them. If you have an existing savings account with them there should be no problem.
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Old 07-26-2018, 11:24 AM   #3
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Synchrony raised their high yield savings rate to 1.85% a couple of days ago.
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Old 07-26-2018, 03:09 PM   #4
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Vanguard Prime MMF is currently yielding 2.06%. but that rate seems to be slowly increasing weekly.
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Old 07-26-2018, 03:17 PM   #5
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Vanguard Prime MMF is currently yielding 2.06%. but that rate seems to be slowly increasing weekly.
That is where we keep our cash reserves.
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Old 07-26-2018, 04:05 PM   #6
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Discoverbank Savings account is at 1.75% but it usually increases along with all the others.
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Old 07-26-2018, 04:44 PM   #7
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Fidelity Premium MM is at 1.97%
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Old 07-26-2018, 05:09 PM   #8
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Vanguard Prime MMF is currently yielding 2.06%. but that rate seems to be slowly increasing weekly.
How easy is it to get funds in and out?

Can you have your dividends automatically sent to the account and then get the funds by ACH transfers to your regular bank?
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Old 07-26-2018, 10:51 PM   #9
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How easy is it to get funds in and out?



Can you have your dividends automatically sent to the account and then get the funds by ACH transfers to your regular bank?


We have our reserves in the vanguard prime mm and transfer money to our regular checking all the time. It usually transfers over in about 3 business days. Very easy to do on line.
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Old 07-27-2018, 02:08 PM   #10
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5 year CD rates are slowly creeping up. Discover Bank and Goldman Sachs Bank are each offering 3.35% 5 year CDs via Fidelity which seems to be a hair more than being offered directly by banks to the retail customer.

Well, OK, First Guaranty just announced a 5yr 3.5% CD special - direct. For new money only. 2 years interest withdrawal penalty - ouch!
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Old 07-27-2018, 03:54 PM   #11
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5 year CD rates are slowly creeping up. Discover Bank and Goldman Sachs Bank are each offering 3.35% 5 year CDs via Fidelity which seems to be a hair more than being offered directly by banks to the retail customer.

Well, OK, First Guaranty just announced a 5yr 3.5% CD special - direct. For new money only. 2 years interest withdrawal penalty - ouch!
And we are also starting to see 2 year @ 3.0% CD's. None national yet, but I'd expect that to happen shortly.
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Old 07-30-2018, 12:05 PM   #12
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How easy is it to get funds in and out?

Can you have your dividends automatically sent to the account and then get the funds by ACH transfers to your regular bank?

Very easy. You can get a checkbook and access it that way or you can direct funds to your bank checking account. I have all of my MF dividends directed there.
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Old 07-30-2018, 12:14 PM   #13
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This looks like a promising trend.

First County Bank (CT) Adds 15-Month CD, 3.00% APY with penalties.
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Old 07-30-2018, 12:14 PM   #14
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That is where we keep our cash reserves.
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Old 07-30-2018, 12:25 PM   #15
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Marcus has a 12 month CD @ 2.45%. Savings is @ 1.8%
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Old 07-30-2018, 12:26 PM   #16
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Vanguard Prime MMF is currently yielding 2.06%. but that rate seems to be slowly increasing weekly.
Minus the .16% expense ratio so, 1.9% net right?
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Old 07-30-2018, 12:30 PM   #17
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Minus the .16% expense ratio so, 1.9% net right?
Nope, Yield is after expenses.
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Old 07-30-2018, 12:36 PM   #18
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No, that is after expenses....
Quote:
The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous 7 days.
and daily income distributions would be after expenses.
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Old 07-30-2018, 12:45 PM   #19
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That's pretty good then, their default it VMFXX which is yielding 1.88% and where my idle money is sitting...so may be worth it to buy VMMXX.
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Old 07-30-2018, 01:27 PM   #20
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That's what I did... but IIRC at the time the spread was a bit more. I wish that they would allow me to set Prime MM as my settlement account.... it would make things easier.
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