Montecfo
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So now they are equal to Ally.
Yes. And both are half the TMobile Money rate.
So now they are equal to Ally.
TERM | APY* |
6 Month | 0.45%** |
12 Month | 0.85% |
15 Month | 1.00% |
18 Month | 1.15% |
2 Year | 1.25% |
3 Year | 1.00% |
4 Year | 0.95% |
5 Year | 1.30% |
7 Year | 1.50% |
Here are current PENFED CD rates.
TERMAPY* 6 Month0.45%** 12 Month0.85% 15 Month1.00% 18 Month1.15% 2 Year1.25% 3 Year1.00% 4 Year0.95% 5 Year1.30% 7 Year1.50%
For argument's sake, if high yield savings rate is .50%, then it makes little sense to invest in any CDs like this, whoever is offering them.
Here are current PENFED CD rates.
TERM APY* 6 Month 0.45%** 12 Month 0.85% 15 Month 1.00% 18 Month 1.15% 2 Year 1.25% 3 Year 1.00% 4 Year 0.95% 5 Year 1.30% 7 Year 1.50%
For argument's sake, if high yield savings rate is .50%, then it makes little sense to invest in any CDs like this, whoever is offering them.
Amount | 0.50% hi-int | 0.85% 1-YR CD | add'l $$$ |
10,000 | $50 | $85 | $35 |
50,000 | $250 | $425 | $175 |
100,000 | $500 | $850 | $350 |
High-interest savings vs. 1 year CD.
Amount 0.50% hi-int 0.85% 1-YR CD add'l $$$ 10,000 $50 $85 $35 50,000 $250 $425 $175 100,000 $500 $850 $350
I'll play some other game this year.
1 year UST is 1.15%, so better than 0.85% for a 1-year brokered CD... same credit and interest rate risk... so a $65 advantage over the online savings account on $10,000.
1 year UST is 1.15%, so better than 0.85% for a 1-year brokered CD... same credit and interest rate risk... so a $65 advantage over the online savings account on $10,000.
Same credit risk and negligible interest rate risk and none if held to maturity. Besides, I can easily but UST in an IRA.Stick with 1.00.% savings account. no interest rate risk or.credit risk.
I like that suggestion. Where are you buying these? I'm surprised to see very high minimums on 1yr UST's at Fidelity. 1yr really is a sweet spot vs. CD's
Method #1. The 1.15% on the Fidelity current yield page is for a 3/31/23 maturity (13 months) with $500k minimum. Click on 'depth of book' when viewing secondary market listing. It's available with lower minimums but the 'ask' (purchase price) is a little higher making the yield a little lower. Then, on place order page using 'more quotes -depth of book', I can buy the previously displayed $1k at 1.149%.I like that suggestion. Where are you buying these? I'm surprised to see very high minimums on 1yr UST's at Fidelity. 1yr really is a sweet spot vs. CD's
Same credit risk and negligible interest rate risk and none if held to maturity. Besides, I can easily but UST in an IRA.
Live Oak Bank increases rates on their High Yield Savings Account to 0.6% starting 3/1, no minimum balance.
Synchrony Banks savings account now 0.60%.