Best CD & MM Rates Thread 2019 - Please post updates here

[almost there]

Joining the Navy Federal Credit union..... 40 month cd 3.75% $150k max.

In other news...https://www.doctorofcredit.com/high-interest-savings-to-get/

 

[erkevin]

Long CD rates have been coming down because the long treasuries have dropped significantly over the past few weeks. Seeing lower rates via Fidelity.

You can still get 3.5% for 5 year at PenFed.org.

The short-term CDs are still up. Ally is offering 2.85% for a 14 month CD special.

You are very correct; I have been tracking rates for the past few months. Not long ago, I saw 5 yr cds at 3.7%, then last week 3.5%. Now, just over 3.4%. This is using the CD tool at TD Ameritrade

 

[Dash man]

Joining the Navy Federal Credit union..... 40 month cd 3.75% $150k max.

In other news...https://www.doctorofcredit.com/high-interest-savings-to-get/

That’s only for IRAs.

 

[Henry Lili]

That’s only for IRAs.

Too bad. My last CD is coming due with Navy. I'll keep the savings account open, though, waiting for opportunities given the hoops I had to jump through to become a member.

 

[jazz4cash]

Too bad. My last CD is coming due with Navy. I'll keep the savings account open, though, waiting for opportunities given the hoops I had to jump through to become a member.

I like the 3 yr variable rate at NFCU right now at 3.04% apy. It adjusts on the anniversary of the CD and I think you can add funds at that time. I bought one last year in May so I can add funds this May to what will be a 2yr CD at ~3%.

 

[almost there]

Ally has a 20-30 minute wait time today. Folks are bailing out for greener pastures me thinketh. As they pay CD dividends on 12/31..Put 150k into an IRA at Navy Fed at 3.75% today. Good start for 2019........

 

[njhowie]

Ally has a 20-30 minute wait time today. Folks are bailing out for greener pastures me thinketh. As they pay CD dividends on 12/31..Put 150k into an IRA at Navy Fed at 3.75% today. Good start for 2019........

Good job! That is a great rate...CD rates are cratering in all maturities at Fidelity and Merrill and I assume everywhere else.

Any outfit which has a brokerage arm has long wait times this past week - investors are getting scared and bailing.

 

[Dtail]

Good job! That is a great rate...CD rates are cratering in all maturities at Fidelity and Merrill and I assume everywhere else.

Any outfit which has a brokerage arm has long wait times this past week - investors are getting scared and bailing.

Interesting though that Ally is offering a 2.75% 1 year CD, while Fidelity is 15 bps lower.

 

[almost there]

Yea, the 3.75% is a 40th month CD? With a cap of $150k. Have 88k left that needs to find a long term home. Getting 2% in a MM right now. Was planning to see how it goes over the next few months. But as the 10 yr was down another 4% today to 2.55% am getting spooked. Was 3.20 just 30 days ago. Any geniuses out there? With 5 yr CD predictions for 2019?

Also got in on the ALLY 2.75% 1yr CD this week. Long term is tough right now...

Mountain America credit union still has 5yr CD at 3.51%.
Maxed out there though... In case anyone is interested in 3.51%.

 

[njhowie]

Interesting though that Ally is offering a 2.75% 1 year CD, while Fidelity is 15 bps lower.

Get it while you can - next iteration of it will be lower.

 

[njhowie]

Yea, the 3.75% is a 40th month CD? With a cap of $150k. Have 88k left that needs to find a long term home. Getting 2% in a MM right now. Was planning to see how it goes over the next few months. But as the 10 yr was down another 4% today to 2.55% am getting spooked. Was 3.20 just 30 days ago. Any geniuses out there? With 5 yr CD predictions for 2019?

Also got in on the ALLY 2.75% 1yr CD this week. Long term is tough right now...

Mountain America credit union still has 5yr CD at 3.51%.
Maxed out there though... In case anyone is interested in 3.51%.

Yes - I rely heavily on CDs and municipal bonds and my jaw dropped when I saw the 10-year drop below 2.6% and just kept going.

I was watching the CD yields in secondary market and to get 3.75% you have to go out to 9 years. 3.8% was the maximum available for going out to 2030-2033 and they're all gone! Those were previously at 4.0%-4.1%. I even have proof of it as I have a few I picked up at 3.93% (12/2027), 4.09% (4/2030) and 4.12% (11/2030).

Yesterday I was able to pick up a 5 1/2 year pre-refunded muni for 3.8% so I'm pretty happy with that.

 

[jazz4cash]

Yea, the 3.75% is a 40th month CD? With a cap of $150k. Have 88k left that needs to find a long term home. Getting 2% in a MM right now. Was planning to see how it goes over the next few months. .

Might as well lock that in for only $50 on the 40 mo @ 3.75 CD. It has the add-on at anytime feature so you can add more later if greener pastures do not arise. The add-on feature is a great option.

 

[sheehs1]

I locked in two jumbo CD's at PenFed yesterday. The 3% for 3 years option. Yes, I could have gotten the 3.5 for 5 years...but....

That with the two jumbos I did at Langley at 3% for 29 months and at least maybe these CD funds will keep up with CPI.

I can not do Navy Federal Credit Union. I tried to become a member.

Am seeing some brokered CDs paying 3.4% for 5 years. I don't typically like brokered CD's.
although they are fine if held to maturity.

Am looking around for the 2% MMA as I have more I need to get invested as well. Setting things up just takes some time.

 

[almost there]

Thats exactly what I did today. Opened it with $50.00. Started the wire transfer of $149,950.00 today as well. Made for a semi long day. lol lol

My 84 yr old dad was in the Army. Was good enough to get in Navy Fed.

Also looking at the 3.4% 5 yr brokered at Ch Schwab. Down from 3.75% 2 weeks ago....
Argh......

Am getting 2% in a savings with Ally, 2.3% in the Ch Schwab MM / SWVXX, if that helps at all.

 

[audreyh1]

Good job! That is a great rate...CD rates are cratering in all maturities at Fidelity and Merrill and I assume everywhere else.

I noticed that the number of CD offerings through Fidelity dropped significantly over the past week. Due to the new year?

 

[almost there]

May be due to the 10 yr the past month?
Longer term rates dropping... One yr holding? Somewhat anyway...
(I don't pretend to understand it)...........

 

[njhowie]

I noticed that the number of CD offerings through Fidelity dropped significantly over the past week. Due to the new year?

I've seen it happen before. I can't remember if it was at this time last year, or some other time. However, I do seem to remember that it did occur at the end of a month. There will be plenty more available soon, I'm sure. However, they (the banks) are probably trying to figure out the lowest rates they can get away with offering.

.

 

[John Galt III]

I'm planning on withdrawing the money from some 1.8 % cd's and taking the 6 month penalty and reinvesting in Penfed cd's for the 3.5 % 5 year term. Penfed says I don't have to contact my other bank/credit union in order to do the ACH transfer. I just give Penfed the routing number of my bank/credit union, and my checking or savings acct number there, make sure I have enough cash in the account, and they make it happen. No passwords needed. I just enter some personal identifying details in the phone tree system when I call Penfed. I'm already a member of Penfed, and I'll be requesting the transfer over the phone. I assume the ACH algorithm will verify IP addresses of Penfed and my bank, and who knows what else to make sure it is a legit transfer. Sound right? I have no reason to doubt Penfed, just asking, sort of out of curiosity. Thanks

 

[audreyh1]

PenFed allows partial withdrawals, I believe. That compensates a tiny bit for their extraordinarily harsh early withdrawal penalties which amount to forfeiting up to 18 months of interest on a 5 year CD.

 

[ShokWaveRider]

I have a feeling not much will change till after the next FOMC Meeting. When I first got my 3% CDs from Penfed, they started in December of 2013 and stopped in March 2014. I have some maturing in February 2019. I am sure they will want to re-capture potential defectors.

 

[John Galt III]

PenFed allows partial withdrawals, I believe. That compensates a tiny bit for their extraordinarily harsh early withdrawal penalties which amount to forfeiting up to 18 months of interest on a 5 year CD.

Thanks, Audrey. I did not know about the partial withdrawals. Will ask them about that. Maybe related to RMD. I agree the 1.5 year penalty is harsh. I said so to the rep, and he replied "Yeah, but you get to keep all the principal" lol

 

[REWahoo]

I agree the 1.5 year penalty is harsh. I said so to the rep, and he replied "Yeah, but you get to keep all the principal" lol

I wonder how large the hit has been to PenFed's deposit base as a result of this change in policy and competitive rate availability elsewhere? I suspect it has been substantial.

 

[audreyh1]

Thanks, Audrey. I did not know about the partial withdrawals. Will ask them about that. Maybe related to RMD. I agree the 1.5 year penalty is harsh. I said so to the rep, and he replied "Yeah, but you get to keep all the principal" lol

I must be wrong about this and partial withdrawal only applies to the IRA CDs.

 

[24601NoMore]

Looks like my strategy to wait until after the Fed FMOC meeting for "almost certainly" higher rates backfired on me..

Was seeing 3.1% on 2-yr brokered CDs at VG. Last I looked, these were back down to 2.9%. And looks like everything across the board has dropped in the past week or two.

Figures..but doesn't make a whole lot of sense, either, if we assume the Fed actually will do 2 rate increases in '19.

 

[ShokWaveRider]

VMMXX at 2.43% is still a good interim while playing the waiting game.