Best CD & MM Rates Thread 2018 Archive

[audreyh1]

Most of the new rates can be found in a timely manner at https://www.depositaccounts.com/blog/

 

[Amethyst]

Penfed 1-year CD 2.45%

https://www.penfed.org/accounts/cer...em-_-VTY136-_-txt-_-GT2-_-08012018-_-08312018

 

[ShokWaveRider]

Rocky Mountain Credit Union (RMCU) recently raised the rates on its long-term Share Certificates, with the 60-month (3.50% APY)

 

[ShokWaveRider]

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).

 

[Ready]

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.

 

[Ready]

OK, so trying to open a membership at Freedom CU has not been the smoothest process. I filled out a membership application online, waited four days and heard nothing. So I called them and found out they did not process my membership because I did not send them a copy of my membership certificate from the American Consumer Council, which I purchased for $8.00 to become eligible.

So I send them the certificate via email and wait. Then I call back and find out they need a copy of my driver's license. So I send that to them via email. Then I call a third time and speak to someone who promises me that a rep will call me back to follow up. But they still haven't called me back.

Nowhere in the application process does it inform me that I need to send the certificate and driver's license to them. Somehow I was just supposed to figure that out.

Hopefully next week will bring closure to this. It's a good rate, but a lot of hoops to jump through to get it.

 

[Chuckanut]

I don't have a rate to post, but I did notice that the annual inflation rate for July 2018 is almost 3% - 2.95% to be more exact.



Using the loaves of bread method, those 3% CD's after taxes are not that great. Fewer loaves to eat in July 2018 than July 2017. Not so good.

 

[imoldernu]

IBond 2.52.... Change date it Oct. 13.

Some of my older bonds are still paying 6.0%

 

[copyright1997reloaded]

Anyone think we will see 4% CDs by Year End?

Achieva Credit Union Offers 60-month IRA CD, 4.20% APY

https://www.depositaccounts.com/banks/achieva-cu/offers/

The terms are a pain, and it is only for IRA's. But, the trend is our friend (at least for now).

 

[audreyh1]

https://www.depositaccounts.com/banks/achieva-cu/offers/

The terms are a pain, and it is only for IRA's. But, the trend is our friend (at least for now).

It’s also only for residents of a few Florida counties.

 

[copyright1997reloaded]

I don't have a rate to post, but I did notice that the annual inflation rate for July 2018 is almost 3% - 2.95% to be more exact.



Using the loaves of bread method, those 3% CD's after taxes are not that great. Fewer loaves to eat in July 2018 than July 2017. Not so good.

This.

It is the reason I usually chime in on the "I don't need to have any of my money in equities, I will never run out with it in CD's" threads.

Even if one has a 2% SWR, if CD's are yielding 3% and inflation is almost 3% AND you have to pay taxes on the 3% nominal, well...you can't assume a 2% SWR.

 

[Golden sunsets]

IBond 2.52.... Change date it Oct. 13.

Some of my older bonds are still paying 6.0%

The 2.52% became effective in May. Next I bond rate change will be this 11-1.

 

[audreyh1]

Short-term Treasury Bills continue to move up. The ones auctioned tomorrow (Monday) are expected to yield 2.05% for the 3 month (13 week) T-bill; 2.23% for the 6 month (26 week) T-bill. Those rates are quite a bit higher than available in 3 month and 6 month CDs.

 

[nwsteve]

Short-term Treasury Bills continue to move up. The ones auctioned tomorrow (Monday) are expected to yield 2.05% for the 3 month (13 week) T-bill; 2.23% for the 6 month (26 week) T-bill. Those rates are quite a bit higher than available in 3 month and 6 month CDs.

With Fed planning up to 3 more increases in next 6 month, best to stay short until the dust settles.

 

[audreyh1]

Pretty definite 0.25% on Sept 26 to 2.25%, and another 0.25% on Dec 19 to 2.5%.

So compare longer commitments to that 2.5% expected in a little over 4 months.

 

[nwsteve]

Was just on the Ally website--they have bumped (at least since I bought in June) their 12 High Yield CD:
2.10%Less than $5,000 opening deposit
2.25% $5,000 minimum opening deposit
2.40% $25,000 minimum opening deposit

 

[erkevin]

Marcus (Goldman Sachs) savings at 1.85%

 

[Surewhitey]

VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX

7-Day Current Yield
1.91

Initial Investment $50,000

 

[ShokWaveRider]

VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX

7-Day Current Yield
1.91

Initial Investment $50,000

VMMXX is 2.06% and only $3k Minimum.

 

[Surewhitey]

VMMXX is 2.06% and only $3k Minimum.

Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...

 

[ShokWaveRider]

Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...

I think Expenses are taken into account in the Yield.

 

[Dtail]

I think Expenses are taken into account in the Yield.

+1
For Vanguard and in general the MM yields are stated after expenses.

 

[audreyh1]

Good call...I'll put in an order right now. After expenses almost the same. .16% vs .09%...

Right - you don't have to subtract the expenses from the yield. The yield is already net of expenses.

There is a very slight difference in risk. One is a government only MM fund, the other a Prime MM fund.

 

[ShokWaveRider]

We dream of this becoming the norm....

Keesler Federal Credit Union Adds 7-Month CD, 5.00% APY ($1k Min) There does not seem to be a Max. Limited membership though.

 

[dixter]

why not just purchase from www.treasurydirect.gov ... its too easy and the rates are current...