Best CD, MM Rates & Bank Special Deals Thread 2024 - Please post updates here

[MichaelB]

<mod note> There are multiple threads discussing MYGA. Let’s please continue MYGA interest in one of those and keep,this thread focused on CDs, MM and related rates.

MYGA

I'm an experienced investor but a COMPLETE newbie with MYGAs. Picture someone who's been vacationing in hotels suddenly deciding to get a timeshare...that level of "stuff to learn". I'm realizing that MYGA's are offering superior rates further out, like 5 years plus. I've never bought one...

www.early-retirement.org

MYGA and 59.5

Strange but I cannot find an answer this question via Google. Are MYGA's subject to a 10% tax penalty if you have one that matures before you're 59.5 and you take the money out? I mean my understanding is that they're basically insurance company's versions of CDs (with a couple of policy...

www.early-retirement.org

MYGA Company Ratings. AMBest "A vs A+ vs A++" Does it really Matter?

When choosing a 5, 4 or 3 year MYGA, should one really be concerned whether they are rated A, A+ or A++? Is there a meaningful difference for these contract periods?

www.early-retirement.org

 

[ShokWaveRider]

<mod note> There are multiple threads discussing MYGA. Let’s please continue MYGA interest in one of those and keep,this thread focused on CDs, MM and related rates.

Perhaps you should rename one of the threads to make it more identifiable as a MYGA Rate & discussion Thread. That way folks will know where to post updates. TIA

 

[RetiredAndLovingIt]

Why would they want to rename someone else's thread?
Stop hijacking other threads and create and name it yourself.

 

[teej1985]

Why would they want to rename someone else's thread?
Stop hijacking other threads and create and name it yourself.

Why are you so hostile? If people knew that there was a dedicated thread for MYGAs on the forums similar to this one, they would not have bothered discussing them here in the first place.

 

[MichaelB]

Perhaps you should rename one of the threads to make it more identifiable as a MYGA Rate & discussion Thread. That way folks will know where to post updates. TIA

That’s a thread OP privilege. If you want a dedicated thread on that topic why not start your own?

 

[RetiredAndLovingIt]

Nasa FCU increased their promo CD rates slightly. They state new money only and can also be opened as an IRA CD

49 Month 4.55% APY was 4.45% APY
9 month 5.55 was 5.4%
15 month 5.4% was 5.25%

 

[audreyh1]

I keep getting notifications from Deposit Accounts as my banks keep dropping their CD rates. Fortunately I had loaded up late Dec early Jan. Otherwise I’m sticking with mostly T-bills for now.

 

[RetiredAndLovingIt]

I keep getting notifications from Deposit Accounts as my banks keep dropping their CD rates. Fortunately I had loaded up late Dec early Jan. Otherwise I’m sticking with mostly T-bills for now.

Me too but I also keep an eye out for good deals at the credit unions since I don't want to keep everything at Fidelity so I may jump on these since I still have an account there. Big changes at Deposit Accounts as well, I'm not sure how long I will keep using them as a resource. Ken Tumin is more or less gone and it's a mess.

 

[teej1985]

American Airlines Credit Union's 6 month 5.5% has been reduced to 5.4%.

 

[Car-Guy]

I keep getting notifications from Deposit Accounts as my banks keep dropping their CD rates. Fortunately I had loaded up late Dec early Jan. Otherwise I’m sticking with mostly T-bills for now.

Me too but I also keep an eye out for good deals at the credit unions since I don't want to keep everything at Fidelity so I may jump on these since I still have an account there. Big changes at Deposit Accounts as well, I'm not sure how long I will keep using them as a resource. Ken Tumin is more or less gone and it's a mess.

Interesting, brokered CD's are holding and maybe even up "just a little" in the past few weeks. Although admittedly, I'm not tracking them as close as I was in the past.

 

[audreyh1]

Interesting, brokered CD's are holding and maybe even up "just a little" in the past few weeks. Although admittedly, I'm not tracking them as close as I was in the past.

Brokered CDs were really behind for a while which is why I bout bank CDs in Dec and Jan. Otherwise I am rolling over all my T-bills these days.

FWIW the online banks seem to offer their best special CD rates in Dec and early Jan. I guess they are trying to attract end of year new money. Some credit unions do this too.

 

[pb4uski]

Why are you so hostile? If people knew that there was a dedicated thread for MYGAs on the forums similar to this one, they would not have bothered discussing them here in the first place.

Yeah, it's not like thread drift never happens around here. Someone is being a grump.

 

[Healthy Lifestyle]

The comment got my attention, since I didn't think nitpicking was appropriate.

 

[MarieIG]

I only buy non callable and the majority I have pay monthly. I don't even consider callable's. I agree most pay semi annually or at maturity, but there's enough that pay on a monthly basis they can be found. If none are available at any given time, usually you can wait a few days and a few will pop up (and disappear quickly too). So be ready.

I saw a non-callable 2 year, Wells Fargo monthly payer at 5% over at Vanguard this morning. 46091MBK9.

 

[erkevin]

A couple of 2-year, non-callable CDs at Schwab: BofA/ 06051XDH2/ semi-annual payer and Wells Fargo/ 949764NL4/ monthly payer.

 

[Surewhitey]

I'm still scooping up longer 4-5 yr non-callable CD's @ 4.7&4.6% at Fidelity

 

[Dtail]

I saw a non-callable 2 year, Wells Fargo monthly payer at 5% over at Vanguard this morning. 46091MBK9.

Yup same one listed in Fidelity.

 

[almost there]

Not sure how much longer the 4.5%+ 5 yr and 5% 2 YR Brokered CD's will be around.
Been sitting on a ton of $$ in non IRA / non Roth funds in a high yield cash MM.
But am thinking now might be the time to move back into CD's.
SWVXX has been great, hate getting out, just not sure how long the 5+% MM fun can last.
Anyone else feeling like they are pushing it? In high yield savings that fluctuate?

 

[Car-Guy]

^^^^
Yep, I had one CD mature today (parked it in SWVXX) and another maturing early next week. I'll be buying new 2 to 3 yr brokered CD's with all that cash later next week. Seems to be a bunch of new issues available now but that may not hold much longer. SWVXX has been ticking slooooowly down the past few weeks/month. The end of 5% is near.

 

[audreyh1]

Well believe it or not I’ve ordered the callable JP Morgan CD 1yr at 5.35%. It’s callable after 6 months. I was hoping to buy a 52-week T-bill above 5.2% but it has dropped back under that over the past couple of weeks.

 

[RetiredAndLovingIt]

Well believe it or not I’ve ordered the callable JP Morgan CD 1yr at 5.35%. It’s callable after 6 months. I was hoping to buy a 52-week T-bill above 5.2% but it has dropped back under that over the past couple of weeks.

I bought one last year when they were offering a slightly higher rate 5.45% and amazingly it's survived 2 calls and matures next month.

 

[Chuckanut]

I keep getting notifications from Deposit Accounts as my banks keep dropping their CD rates. Fortunately I had loaded up late Dec early Jan. Otherwise I’m sticking with mostly T-bills for now.

I just got an email notifying me that the bank has reduced the interest rate on my $5.28 account to 4.1% I can get over 5% at Vanguard, Fidelity and Schwab on government MM funds. Perhaps I should send them an email telling them I will be lowering the amount in my account to $5.00. Maybe they will get the hint?

 

[Car-Guy]

I just got an email notifying me that the bank has reduced the interest rate on my $5.28 account to 4.1% I can get over 5% at Vanguard, Fidelity and Schwab on government MM funds. Perhaps I should send them an email telling them I will be lowering the amount in my account to $5.00. Maybe they will get the hint?

I don't think a loss of 28 cents will get their attention.

 

[JackJester]

Just snagged that 2y 5% Wells Fargo CD at Schwab. It does feel like the end of 5% is just around the corner. ah...but how wide of a corner is it?

 

[Dtail]

Just snagged that 2y 5% Wells Fargo CD at Schwab. It does feel like the end of 5% is just around the corner. ah...but how wide of a corner is it?

I got that too. No 5% 5 yr in sight. Also slowly transitioning some of my Fidelity 5%+ MM into 2 to 3 yr CD's.