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Old 05-19-2022, 05:35 AM   #461
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I'm seeing PenFed's 5 year CD is 2.75%, the 7 year is 3%.
Yes, you are right my mistake, it is Conexus that is 3.21 for 60 months. I was looking too high on the list. PenFed must pay to be first when 5 years is selected.

My point being they seem to be rising quicker now.

https://www.depositaccounts.com/cd/5-year-cd-rates.html
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Old 05-19-2022, 08:23 AM   #462
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Yes, you are right my mistake, it is Conexus that is 3.21 for 60 months. I was looking too high on the list. PenFed must pay to be first when 5 years is selected.

My point being they seem to be rising quicker now.

https://www.depositaccounts.com/cd/5-year-cd-rates.html
Conexus that is 3.21 for 60 months early withdrawal penalty 365 days.
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Old 05-19-2022, 08:27 AM   #463
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Yes, you are right my mistake, it is Conexus that is 3.21 for 60 months. I was looking too high on the list. PenFed must pay to be first when 5 years is selected.

My point being they seem to be rising quicker now.

https://www.depositaccounts.com/cd/5-year-cd-rates.html
Ooooo, that PenFed 7 year 3.0% is tempting me. I'm afraid the rates will drop back if I wait too long. Still waiting and hoping for PenFed 5 year 3.0 % . Someone said PenFed would bump up again in July, eh? I'm just not comfortable doing the Treasury thing, just for a slightly higher rate.
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Old 05-19-2022, 10:08 AM   #464
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Instead of 1 year secondary market treasury, Fido has new 1 year CD multiple offers at 2.05. That's not bad at all
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Old 05-19-2022, 10:29 AM   #465
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Not bad but treasury yield still higher and state tax free.

But I like the movement.
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Old 05-19-2022, 11:21 AM   #466
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Not bad but treasury yield still higher and state tax free.

But I like the movement.
That's true!
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Old 05-19-2022, 01:58 PM   #467
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For those of you who may be laddering money out for 5 - 10 years, are you currently buying anything beyond 2 - 3 year maturities knowing the Fed has made it clear they will be raising rates for the foreseeable future until inflation is "tamed". I changed up my fixed allocation strategy earlier this year moving 5 years of my bond funds into individual bonds (Treasuries), currently all set to expire between July - Jan. Plans were to redeploy once they mature and perhaps look a little further out, some up to 2 years, but curious as to what others are thinking regarding when to start committing to longer term maturities?
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Old 05-19-2022, 03:28 PM   #468
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I just noticed that the 2028 and longer TIPs maturities now have slightly positive real yields... interesting... is ibonds at inflation + 0% are good then what is the matter with 2028-2030 TIPs at a negligible real yield?


https://www.wsj.com/market-data/bonds/tips
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Old 05-19-2022, 05:37 PM   #469
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For those of you who may be laddering money out for 5 - 10 years, are you currently buying anything beyond 2 - 3 year maturities knowing the Fed has made it clear they will be raising rates for the foreseeable future until inflation is "tamed". I changed up my fixed allocation strategy earlier this year moving 5 years of my bond funds into individual bonds (Treasuries), currently all set to expire between July - Jan. Plans were to redeploy once they mature and perhaps look a little further out, some up to 2 years, but curious as to what others are thinking regarding when to start committing to longer term maturities?
Right now I am buying 3 month treasuries at auction and having them roll over. I'm staggering them with 2 month treasury bill purchases. Once rates go higher, I'll add some longer maturities. I'll possibly build a rolling ladder of higher rates, maybe a 2 year one. The FED has several rate increases scheduled and I'm waiting to see where this goes.
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Old 05-19-2022, 06:07 PM   #470
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Ooooo, that PenFed 7 year 3.0% is tempting me. I'm afraid the rates will drop back if I wait too long. Still waiting and hoping for PenFed 5 year 3.0 % . Someone said PenFed would bump up again in July, eh? I'm just not comfortable doing the Treasury thing, just for a slightly higher rate.
If you weren't stuck on Penfed..... just saying
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Old 05-19-2022, 07:09 PM   #471
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If you weren't stuck on Penfed..... just saying

Five year treasuries are close enough to 3%, Id choose those over PenFed. Plus no state income tax.
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Old 05-20-2022, 04:40 AM   #472
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Five year treasuries are close enough to 3%, Id choose those over PenFed. Plus no state income tax.
Agree generically, although for some cases, the state tax is not in play.
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Old 05-20-2022, 08:38 AM   #473
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Originally Posted by explanade;

How do you tell if you're buying at auction vs. secondary market?

Are there fees for purchasing through the secondary market?
There are a number of treasury auctions next week:
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Old 05-20-2022, 08:51 AM   #474
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Canvas Annuity 3yr MYGA 4.3%. Canvas is a direct annuity seller and I think their products may be a bit different from other MYGA providers.
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Old 05-20-2022, 06:52 PM   #475
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Canvas Annuity 3yr MYGA 4.3%. Canvas is a direct annuity seller and I think their products may be a bit different from other MYGA providers.
There's not much different about it.
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Old 05-21-2022, 06:42 AM   #476
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There's not much different about it.

You made me look. They have two MYGA products. I guess that is what i was remembering. One allows full return of principal at any time for a significantly reduced interest rate. I still dont know all the details of that one. They both have 10% free withdrawals per year. The fund that earns 4.3 % for 3,5, or 7 years is called Future Fund.
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Old 05-21-2022, 10:36 AM   #477
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If you weren't stuck on Penfed..... just saying
Well, Penfed must have had me in mind when they had those 3.5% CD's several years ago. I was so grateful, my 'loyalty' trait clicked on for them, ha ha.

Oh, by the way, the Premium Savings rate at Penfed just went up from 0.6% to 0.7 %.

I have some cashola there in Premium Savings, but am still waiting to move any of it into CD's.
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Old 05-21-2022, 12:45 PM   #478
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Well, Penfed must have had me in mind when they had those 3.5% CD's several years ago. I was so grateful, my 'loyalty' trait clicked on for them, ha ha.

Oh, by the way, the Premium Savings rate at Penfed just went up from 0.6% to 0.7 %.

I have some cashola there in Premium Savings, but am still waiting to move any of it into CD's.
I truly understand the Penfed loyalty and they WERE the CD kings awhile back.
My version is GTE, which as many members know had 3.30 and 3.05 CD rates back in 2019, with the ability to add to these investments at any time at those rates. As yields declined, GTE effectively made a risk basis decision error.
Nevertheless, their current rates are terrible and I will most likely be done with them in Aug 2024.
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Old 05-21-2022, 03:26 PM   #479
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Not as bad as Navy. No idea what the problem is there?
Have both PEN FED and Navy CD's. Average is 3.4%. Same as my Pen Fed 5 yr.
The 3.75% at Navy really helped. But it just expired.
Pen fed is 2.70% on a 5 year and Navy 1.05%.?
So it all gets rolled over to the brokerage account when due, till they can compete / anyway.
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Old 05-24-2022, 11:50 AM   #480
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Synchrony Bank is now paying 0.85% on their savings accounts.
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