Best CD & MM Rates Thread 2018 Archive

[audreyh1]

I don’t know. 5% for a 7 months CD becoming the norm indicates inflation is a bit higher and my other investments have probably taken a huge hit.

 

[53anddone]

VANGUARD TREASURY MONEY MARKET INVESTOR VUSXX

7-Day Current Yield
1.91

Initial Investment$50,000

Just bought this - thanks for the tip!!

 

[Dtail]

I don’t know. 5% for a 7 months CD becoming the norm indicates inflation is a bit higher and my other investments have probably taken a huge hit.

Yes we effectively need a blip up in inflation/rates to lock in the higher rates than have them drop back down. Just rambling I suppose.

 

[audreyh1]

Synchrony just emailed me about their new CD Special - 2.65% 13 months, $2K min. That's higher than most ~12/13 month CDs being offered at the moment. Unfortunately a term greater than 12 months means a 180 days interest early withdrawal penalty.

Of course that does not beat the Andrews 9 month 2.75% CD Special which is still being offered.

 

[Ready]

I finally got my CD at Freedom CU set up after much email and phone prodding, but it wasn't easy. The 3.56% rate no longer shows up on depositaccounts.com and they told me over the phone the promotion will end soon because they have almost hit their goal for new money deposits. DH has a bunch of CDs at 2.25% with Barclays but he wasn't comfortable paying the early term penalty with no guarantee it would take place quickly enough to get the money over to Freedom before the promotion ends.

It seems like there should be an easier way but I suppose if I'm chasing yield I'm going to have to jump through hoops to get it.

 

[jazz4cash]

PenFed CU now offers Premium Online Savings account at 1.65 apy for $5 min /$100k max.

 

[audreyh1]

PenFed CU now offers Premium Online Savings account at 1.65 apy for $5 min /$100k max.

Do they have any special requirements? Their checking used to require X auto deposits or other hoops.

 

[braumeister]

As a member of MOAA (military officers) I opened an MOAA Money Market Savings Account at PenFed a number of years ago. It's currently paying 1.7% because they have a different method of calculating interest on this account. Their regular MM savings account pays only a fraction of this rate.

I think they still offer it, because the form to open it is still on their website if you search for it. So if anyone belongs to MOAA (I think there are some here) you could consider this.

 

[jazz4cash]

Do they have any special requirements? Their checking used to require X auto deposits or other hoops.

I opened the Penfed Premium Savings account. I didn't see any special requirements. In the FAQ section it says this account cannot be accessed via ATM. Opening the account is a bit funky. The only choice for funding was fill out a form manually (ugh!) and mail a check or by wire transfer. I tried to just step through the process but in doing so I got the account opened in less than 2 minutes. I downloaded the form but did not fill it out. Then I went back to the main menu and transferred funds from Penfed regular savings.

If they do not offer a good alternative for my 3% CD when it matures in December, this might be a place to park the funds for a while.

 

[Rianne]

Are these rates assuming APR or APY?

 

[jazz4cash]

Are these rates assuming APR or APY?

I assume we have a mix of APR and APY being reported. I usually try to specify but sometimes it takes some digging to get something other than the "headline" rate. For my purposes the difference is minute.

 

[nwsteve]

Don't recall seeing these posted from Ally for a 12 mon HY CD:
$25k+ --2.5%

$5-25k--2.4

<$5k002.25

 

[aja8888]

I opened the Penfed Premium Savings account. I didn't see any special requirements. In the FAQ section it says this account cannot be accessed via ATM. Opening the account is a bit funky. The only choice for funding was fill out a form manually (ugh!) and mail a check or by wire transfer. I tried to just step through the process but in doing so I got the account opened in less than 2 minutes. I downloaded the form but did not fill it out. Then I went back to the main menu and transferred funds from Penfed regular savings.

If they do not offer a good alternative for my 3% CD when it matures in December, this might be a place to park the funds for a while.

I just opened the PF Premium Savings Account online in three minutes. I transferred funds online from another outside account to fund it. I was not asked to fill out any forms and mail them in.

 

[Popeye]

Ally online savings bumped to 1.85% APY.

 

[copyright1997reloaded]

NASA Federal Credit Union, 3.25% on 15-month CD. (Also 3.35% on 49-month.) Easy to join, can pick National Space Society as association for free.

I'm tempted to put some of my money market $ into this as I have some old PenFed CD's coming due in December/January.

Link: https://www.nasafcu.com/img/certificate/new/index_member.html

 

[njhowie]

NASA Federal Credit Union, 3.25% on 15-month CD. (Also 3.35% on 49-month.) Easy to join, can pick National Space Society as association for free.

WOW!!!

 

[Dtail]

NASA Federal Credit Union, 3.25% on 15-month CD. (Also 3.35% on 49-month.) Easy to join, can pick National Space Society as association for free.

I'm tempted to put some of my money market $ into this as I have some old PenFed CD's coming due in December/January.

Link: https://www.nasafcu.com/img/certificate/new/index_member.html

The Space Society membership is free for 1 year. Then it goes to $20, which I suppose one would need to pay for the 15 mth CD. Would translate to .08% on 25k. Still a great net rate.

 

[Ready]

The Space Society membership is free for 1 year. Then it goes to $20, which I suppose one would need to pay for the 15 mth CD. Would translate to .08% on 25k. Still a great net rate.

I doubt they would require you that you renew your membership once you have the CD with their credit union.

That is a great rate though, thanks for sharing copyright1997!

 

[jimnjana]

Penfed has a 2% six month cd.

 

[Another Reader]

Penfed has a 2% six month cd.

Per Fidelity, the expected rate on six month Treasury bills at tomorrow's auction is 2.25 percent. And they are exempt from state income tax. You can buy them through Fidelity or the other major discount brokers at no cost.

 

[audreyh1]

Per Fidelity, the expected rate on six month Treasury bills at tomorrow's auction is 2.25 percent. And they are exempt from state income tax. You can buy them through Fidelity or the other major discount brokers at no cost.

What I am doing. Also with 3 month, also over 2% (2.1% expected next auction).

Autoroll.

 

[Another Reader]

Marcus/Goldman just published new CD rates. 2.55 percent for 12 months, 3.10 percent for 5 years. I'm sticking with short term treasuries, but the 12 month rate is decent.

 

[audreyh1]

Fed funds rate should go up to 2.25% near the end of this month, and 2.5% by the end of the year, which is why I am loath to commit to a 12 month CD at this point, because I think they should be at least 0.25% higher by Dec - in 4 months. The 13 week and 26 week T-bills seem to be tracking ahead of the Fed Funds rate.

Also - some things like the no penalty CDs will have to go up again soon.

 

[pb4uski]

+1 that is why for the time being I don't mind havings a lot of money parked in VMMXX at 2.11% APR.... its stable, will come close to keeping up with inflation and will probably outperform most broad based bond funds for the next 3-6 months.

 

[audreyh1]

+1 that is why for the time being I don't mind havings a lot of money parked in VMMXX at 2.11% APR.... its stable, will come close to keeping up with inflation and will probably outperform most broad based bond funds for the next 3-6 months.

That’s about where the 13 week t-bill has been trading.