|
|
Best CD & MM Rates Thread 2018 Archive
07-26-2018, 07:59 AM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,652
|
Best CD & MM Rates Thread 2018 Archive
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)
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
|
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!
|
07-26-2018, 08:02 AM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
|
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.
__________________
Retired since summer 1999.
|
|
|
07-26-2018, 11:24 AM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
|
Synchrony raised their high yield savings rate to 1.85% a couple of days ago.
__________________
Retired since summer 1999.
|
|
|
07-26-2018, 03:09 PM
|
#4
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
|
Vanguard Prime MMF is currently yielding 2.06%. but that rate seems to be slowly increasing weekly.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|
|
|
07-26-2018, 03:17 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,652
|
Quote:
Originally Posted by mickeyd
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.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
07-26-2018, 04:05 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,678
|
Discoverbank Savings account is at 1.75% but it usually increases along with all the others.
__________________
Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
|
|
|
07-26-2018, 04:44 PM
|
#7
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,196
|
Fidelity Premium MM is at 1.97%
__________________
TGIM
|
|
|
07-26-2018, 05:09 PM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 7,418
|
Quote:
Originally Posted by mickeyd
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?
|
|
|
07-26-2018, 10:51 PM
|
#9
|
Dryer sheet aficionado
Join Date: May 2012
Location: Valrico
Posts: 30
|
Quote:
Originally Posted by explanade
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.
|
|
|
07-27-2018, 02:08 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
|
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!
__________________
Retired since summer 1999.
|
|
|
07-27-2018, 03:54 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
|
Quote:
Originally Posted by audreyh1
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.
|
|
|
07-30-2018, 12:05 PM
|
#12
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
|
Quote:
Originally Posted by explanade
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.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
|
|
|
07-30-2018, 12:14 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,652
|
This looks like a promising trend.
First County Bank (CT) Adds 15-Month CD, 3.00% APY with penalties.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
07-30-2018, 12:14 PM
|
#14
|
Recycles dryer sheets
Join Date: Feb 2011
Location: Arlington Heights
Posts: 271
|
Quote:
Originally Posted by ShokWaveRider
That is where we keep our cash reserves.
|
+1
|
|
|
07-30-2018, 12:25 PM
|
#15
|
Full time employment: Posting here.
Join Date: Oct 2014
Location: Tucson
Posts: 796
|
Marcus has a 12 month CD @ 2.45%. Savings is @ 1.8%
|
|
|
07-30-2018, 12:26 PM
|
#16
|
Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
|
Quote:
Originally Posted by mickeyd
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?
|
|
|
07-30-2018, 12:30 PM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,652
|
Quote:
Originally Posted by dvalley
Minus the .16% expense ratio so, 1.9% net right?
|
Nope, Yield is after expenses.
__________________
"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
|
|
|
07-30-2018, 12:36 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,201
|
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.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
07-30-2018, 12:45 PM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,046
|
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.
|
|
|
07-30-2018, 01:27 PM
|
#20
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,201
|
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.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|