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Old 06-22-2022, 12:58 PM   #761
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Ch Sch has a 7 year CD (callable) at 4%
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Old 06-22-2022, 01:03 PM   #762
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PenFed just sent out an email, 3.5% 5 year certificate offer, ends 7/7/22.
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Old 06-22-2022, 01:26 PM   #763
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Originally Posted by jim584672 View Post
PenFed just sent out an email, 3.5% 5 year certificate offer, ends 7/7/22.
Haven't looked in a long time but I seem to recall PenFed having somewhat onerous penalties for early withdrawal. YMMV as it were.
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Old 06-22-2022, 01:40 PM   #764
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Just opened a 2.5% CD at a local credit union today. It's a 24 month term and you can bump up the rate one time during that 24 months if interest increases.
Nice !
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Old 06-22-2022, 02:05 PM   #765
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I've been waiting for 4% to 5% also. For some reason, even with crazy inflation, I fear we may not get there and I'll miss the boat again.

I'm seriously considering ladders.

10 year Treasury got up to 3.48% about 3 days ago and now down to 3.14%. it's hard to lock in these yields when inflation is 9%.
I share your concerns. Maybe at 4 or 5 or 6 %, it will be too onerous to pay interest on the huge Debt. More monetizing of the Debt, followed by Zombie Apocalypse, negative interest rates, etc. YMMV. I just may lock in some 3.5% 5 year at Penfed while I can, lol.
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Old 06-22-2022, 02:29 PM   #766
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There is no set formula for how the market reacts. Rates are already rising in anticipation of the most recent hike which does not take effect until July.
So, does that mean that there is not likely to be much increase in interest rates for treasury bills over the coming months?
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Old 06-22-2022, 03:40 PM   #767
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Haven't looked in a long time but I seem to recall PenFed having somewhat onerous penalties for early withdrawal. YMMV as it were.
12-, 15-, 18-, 24-, 36-, 48-, 60- and 84-month certificates:
  • Within 365 days from the open date of the certificate, the penalty will be the last 365 days of dividends earned.
  • After 365 days from the open date of the certificate have elapsed, the penalty will be 30% of gross amount of dividends that would have been earned if the certificate had reached maturity.
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Old 06-22-2022, 03:42 PM   #768
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12-, 15-, 18-, 24-, 36-, 48-, 60- and 84-month certificates:
  • Within 365 days from the open date of the certificate, the penalty will be the last 365 days of dividends earned.
  • After 365 days from the open date of the certificate have elapsed, the penalty will be 30% of gross amount of dividends that would have been earned if the certificate had reached maturity.
Yep, I call that onerous.
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Old 06-22-2022, 03:44 PM   #769
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Ch Sch has a 7 year CD (callable) at 4%
Nice. Beats NFCU 7 yr at 3.1%
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Old 06-22-2022, 04:25 PM   #770
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So, does that mean that there is not likely to be much increase in interest rates for treasury bills over the coming months?


IMO, they are going up like crazy right now and I expect they will continue to do so. YMMV
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Old 06-22-2022, 07:22 PM   #771
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Yeah, we're in rare air right now. T-bills haven't looked this good since sometime in the 90s.

Meanwhile, my credit union continues to drag their feet with their best rate being 1.24% for a 5 year CD. 5 years!

I'm moving a lot out of our CU and banks into 3 month bills, if anything just to get this market moving. You're welcome.
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Old 06-22-2022, 07:22 PM   #772
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Time to review https://www.depositaccounts.com/
First Foundation savings 1.65%
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Old 06-22-2022, 07:25 PM   #773
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PenFed just sent out an email, 3.5% 5 year certificate offer, ends 7/7/22.
Perhaps they're hoping people will buy their "ending offer by" tease because after 7/7/22, rates might be in 4%+ range. I'm sure most people here know their EWP on long term CDs is a hefty 1 year.
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Old 06-22-2022, 07:40 PM   #774
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I have a GTE CD maturing in 2024 and was just checking their rates and their 5 year CD is a "WHOPPING" .20% . Lol
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Old 06-22-2022, 08:17 PM   #775
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I just assumed that Vanguard's Federal Money Market Fund VMFXX being a "safe" place to park money would have a yield that is pathetic, like 30, 40 or 50 bp. Today I looked and was shocked that it is 1.27% AVERAGE ANNUALIZED INCOME DIVIDEND OVER THE PAST 7 DAYS. For money I have parked (sold bond funds) waiting to be invested and probably will have a fair amount in it for months (the Settlement fund), it is a pretty good yield especially compared to what Ally is paying me in my online savings account - a measly 90 bp! I have over $20k in the Ally OLS but it transfers to my checking account over night whereas a transfer from the Settlement Fund probably is 2-3 business days otherwise I'd move it to Vanguard.
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Old Yesterday, 04:41 AM   #776
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I have a GTE CD maturing in 2024 and was just checking their rates and their 5 year CD is a "WHOPPING" .20% . Lol
I have the same CD's in taxable and IRA. They were still great rates from 2019 and will probably end up being a one time investment in GTE.
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Old Yesterday, 04:54 AM   #777
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GM Right Notes at 2.25%

https://www.rightnotes.com/

Been a member for almost 2 years and no issues transferring funds back and forth.

NOT FDIC insured. You are betting on GM not going bankrupt.
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Old Yesterday, 06:53 AM   #778
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Originally Posted by Graybeard View Post
I just assumed that Vanguard's Federal Money Market Fund VMFXX being a "safe" place to park money would have a yield that is pathetic, like 30, 40 or 50 bp. Today I looked and was shocked that it is 1.27% AVERAGE ANNUALIZED INCOME DIVIDEND OVER THE PAST 7 DAYS. For money I have parked (sold bond funds) waiting to be invested and probably will have a fair amount in it for months (the Settlement fund), it is a pretty good yield especially compared to what Ally is paying me in my online savings account - a measly 90 bp! I have over $20k in the Ally OLS but it transfers to my checking account over night whereas a transfer from the Settlement Fund probably is 2-3 business days otherwise I'd move it to Vanguard.
Yep. VMFXX (settlement fund) has shot up in the last 2 weeks. It was pathetic until about a month ago. It is reflecting the action in the short term monies, like the short T-bills and other instruments. The average maturity is 24 days.

PS Graybeard, since you wrote that, they updated the website overnight. It is now 1.35%.

The "bad" news about this concerns what it will do to US debt, but that's a different topic.
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Old Yesterday, 10:14 AM   #779
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Time to review https://www.depositaccounts.com/
First Foundation savings 1.65%
They may be limited by the size of their loan book. There is a ratio of loans to savings that the Feds like to see. If they aren't able to write a larger number of loans, then they discourage deposits with lower interest rates. They need the loan portfolio to pay interest on savings.

- Rita
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Old Yesterday, 02:00 PM   #780
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I have a ton of money in 5 years CDs that average from 3 to 3.6% that will mature in early to mid 2024. I'm hoping the rates will be in the 4+% range.
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