Many of those have to pay a higher rate for a reason, that is, they are not in good financial standing. I would not want my money tied up at one of those places hoping for a gov't bailout.
Best CD, MM Rates & Bank Special Deals Thread 2024 - Please post updates here
- Thread starter Gumby
- Start date
Many of those have to pay a higher rate for a reason, that is, they are not in good financial standing. I would not want my money tied up at one of those places hoping for a gov't bailout.
pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I read the link and didn't see any red flags. I'm just getting away from multiple financial institutions chasing yield when my Schwab MM account yields 5.17% and I can have almost everything under one roof.
mebden
Recycles dryer sheets
Hey Gray I don't think thats why they give higher rates its because they don't have all the brick and mortar buildings they keep their overhead low not like the big banks that crashed in the last 2 and it doesn't matter what back you have your money at if they go belly up you will still fight to get your money back as long as they are FDIC Insured there no different and a lot of online banks are actually tied to a lot larger bank if you research each of them.
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mebden
Recycles dryer sheets
Hey Jack this looks good to me and I do use this website to look at how the bank is rated here (https://www.bauerfinancial.com/cd-rate-watch) and I try to only use a couple of different types of online banks and as soon as I can find 1 that has both I will switch to it. That means no fees checking and savings or minimum balances either.
pb4uski
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
No, financial standing isn't it at all.
As long as you keep your balance within the FDIC insurance limits a "government bailout" is automatic, no need to hope, so just go with the highest yield.
Car-Guy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Agree 100% but I still check out a banks rating (link below) before I buy. It may save me from having to wait for my money (probably not long) and/or reinvesting somewhere else.
https://www.bauerfinancial.com/star-ratings/
mebden
Recycles dryer sheets
pb I agree 100% with you as I've been doing online banking for over 5 years now and I wish I would of known about them sooner but all the big banks try to keep it out of the media and just think if everyone pulled their money out of all these big glass palaces, they call banks and moved it to online I think you would see so big names going belly up.
ShokWaveRider
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Got 5.35% today at our local credit union for 18m. 
Sunset
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
+1
I also keep my cash at the brokerage, earn ~ 5.2% on any amount, and the bonus is that almost half of the interest is non-taxable by my State (IL) an effective boost in interest of approximately .12%
Money is available immediately with a transfer to bank delay of a few days..
mebden
Recycles dryer sheets
Ok Sunset but what brokerage you at? And I have not hit the no penalty age of 59 1/2 then I will probably switch to Schwab where I see they are offering a checking account now but thru your brokerage account and I'm not willing to give anything more away than I have to bad enough with the interest I make from online banking
Montecfo
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Hi yield savings at CFG bank continuing to do the job at 5.31%. Have not seen CDs that make a lot of sense to me--yet.
I'm hopeful this spike will.
I'm hopeful this spike will.
NoMoW2
Confused about dryer sheets
Sounds like a MYGA (multi-year guaranteed annuity). You look around on other sites? I used Stantheannuityman.com to buy three MYGAs a couple months ago as rungs on my bond ladder. Saw 5.6% with A-grade company there for a six year over the weekend.
FYI - if the primary owner of the annuity is not going to be over 59-1/2 when it matures, or takes withdrawals out during the MYGA term under that age you will be subject to some pretty harsh IRS penalties.
Surewhitey
Thinks s/he gets paid by the post
Haven't seen many talk about 10 & 20 yr treasuries. They're @ 4.6 & 4.86% on Fidelity. If 5 yr is good, why not longer? My 5 yr ladder is fully stocked & have new funds for something different. Any thoughts?
RetiredAndLovingIt
Thinks s/he gets paid by the post
18 Month CD 5.92% Montana HIGH Peaks CU
Sharing from deposit accounts.com
High Rates On Three Cds In SW Montana
https://www.depositaccounts.com/banks/high-peaks-cu.html#promo57344
18 Month Share Certificate, 5.92% APY ($50k), 5.71% APY ($25k)
24 Month Share Certificate, 5.81% APY ($50k)
12 Month Share Certificate, 5.71% APY ($50k), 5.39% APY ($25k)
Small credit union with a FOM that includes three SW Montana counties, although immediate family members of a current High Peaks member are eligible to join.
Sharing from deposit accounts.com
High Rates On Three Cds In SW Montana
https://www.depositaccounts.com/banks/high-peaks-cu.html#promo57344
18 Month Share Certificate, 5.92% APY ($50k), 5.71% APY ($25k)
24 Month Share Certificate, 5.81% APY ($50k)
12 Month Share Certificate, 5.71% APY ($50k), 5.39% APY ($25k)
Small credit union with a FOM that includes three SW Montana counties, although immediate family members of a current High Peaks member are eligible to join.
That's because this thread isn't about Treasuries. If you wnt to discuss Treasuries go here:
https://www.early-retirement.org/fo...s-discussion-2024-a-120449-5.html#post3073146
Current best non-callable brokered CD rates at Schwab (04/12/24):
12 mo - 5.15%
18 mo - 5.05%
24 mo - 4.95%
36 mo - 4.80%
48 mo - 4.60%
60 mo - 4.50%
Brokered CD yields are trying to catch up to treasuries. They are getting close but still lagging a wee bit. Another 5-10 basis points across the board would put them at parity with treasuries, for the most part.
12 mo - 5.15%
18 mo - 5.05%
24 mo - 4.95%
36 mo - 4.80%
48 mo - 4.60%
60 mo - 4.50%
Brokered CD yields are trying to catch up to treasuries. They are getting close but still lagging a wee bit. Another 5-10 basis points across the board would put them at parity with treasuries, for the most part.
Golden sunsets
Thinks s/he gets paid by the post
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True only in those states with no state income tax.
wrigley
Full time employment: Posting here.
HYSA at Ally drops again. 
Now at 4.20%
Mike
Now at 4.20%Mike
Or in retirement accounts.
Golden sunsets
Thinks s/he gets paid by the post
- Joined
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- Messages
- 2,524
True too!
Gotadimple
Thinks s/he gets paid by the post
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- Feb 17, 2007
- Messages
- 2,616
American Express drops rate on high yield savings from 4.30 to 4.25 effective 4/25. Their 11-month CD is 4.5% the highest of all offerings.
Montecfo
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
With today's rate spike (and perhaps more coming) CD deals should improve.
Car-Guy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
^^^^^^
Yep, Schwab rates have been slowing creeping upward the past few weeks. Most everything is 5% for 2 yr CD's and even better rates for shorter terms. I have two more maturing in early May so timing "seems" good for a re-buy, again...
Yep, Schwab rates have been slowing creeping upward the past few weeks. Most everything is 5% for 2 yr CD's and even better rates for shorter terms. I have two more maturing in early May so timing "seems" good for a re-buy, again...
Current best non-callable brokered CD rates at Schwab (04/26/24):
12 mo - 5.15%
18 mo - 5.05%
24 mo - 5.00%
36 mo - 4.85%
48 mo - 4.65%
60 mo - 4.55%
Rates are 5 basis points higher this week on 24-60 month CDs, unchanged on shorter maturities.
12 mo - 5.15%
18 mo - 5.05%
24 mo - 5.00%
36 mo - 4.85%
48 mo - 4.65%
60 mo - 4.55%
Rates are 5 basis points higher this week on 24-60 month CDs, unchanged on shorter maturities.
Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Will we hit the magical 5% 5 yr CD's? I hope so, but am not confident.
