Best CD, MM Rates & Bank Special Deals Thread 2022 - Please post updates here

[Gotadimple]

As of June 29, Amex High Yield Savings is now up to 1% - joining many other banks at that rate or higher.

[ShokWaveRider]

Quote:

Originally Posted by frank where are you finding these rates? is there a website that lists them? thanks frank

There are 3, they do change regularly, even daily, I snapped up a 5 year 4.1% with an A Rated company last week.

https://www.immediateannuities.com/deferred-annuities/

https://www.blueprintincome.com/

https://www.stantheannuityman.com/

[jim584672]

Quote:

Originally Posted by explanade I just tried again this morning. After selecting Check rates and bonds, it makes you select an account. Well there's a little triangle to the left of my brokerage account and when I open it, it says "You don't have any CDs or bonds" on this account. Well no kidding, I'm trying to buy some and had selected Buy & Sell. I tried the Vanguard app on my iPad and it only shows funds and ETFs if you select Buy.

This is what I see in my account:

Transact (downarrow thingy)

Trade Bonds or CDs, lower in the list

Choose account radio button, click continue button in lower right

List of various maturities and rates displayed
Click on the rate
Select the bank and rate
Choose face value amount

...

[explanade]

Quote:

Originally Posted by jim584672 This is what I see in my account: Transact (downarrow thingy) Trade Bonds or CDs, lower in the list Choose account radio button, click continue button in lower right List of various maturities and rates displayed Click on the rate Select the bank and rate Choose face value amount ...

Which browser and OS?

[jim584672]

Quote:

Originally Posted by explanade Which browser and OS?

Win 10, Firefox.

[Sue J]

This morning I noticed DiscoverBank is up to 1.10%.

I feel a Wheeeee!! coming on.

It's really silly that savings rates have been so low for so long that this is even news.

[Chuckanut]

Quote:

Originally Posted by Sue J This morning I noticed DiscoverBank is up to 1.10%. I feel a Wheeeee!! coming on. It's really silly that savings rates have been so low for so long that this is even news.

It's pathetic than in a 8%+ inflation time, 1.1% is considered good. It's terrible.

[JoeWras]

Marcus online savings is up to 1.20% today. Just noticed it as I signed in. I haven't seen any communication from them about this yet.

[DallasGuy]

Quote:

Originally Posted by JoeWras Marcus online savings is up to 1.20% today. Just noticed it as I signed in. I haven't seen any communication from them about this yet.

...or 1.3% if you added the AARP +0.1% bonus!

[jim584672]

Quote:

Originally Posted by explanade Which browser and OS?

Playing around on the Vanguard site today. Multiple errors, blank screens, infinite hangups. May not be your browser, may be Vanguard is the problem.

[John Galt III]

Did it. Snapped up a modest amount of PenFed 5 year 3.5 % CD. Got a lot more cash waiting and hoping for higher rate, but now I can relax for a while.

[tulak]

Quote:

Originally Posted by mrfeh Just a PSA: when dealing with sites/activities where security is important (like a financial institution where you hold lots of $), don't use browser search to get there. Take the extra 2 seconds to type in the actual URL (ie. vanguard.com)

Be careful with this. You can accidentally mistype the name and enter your credentials on a bogus website.

I actually prefer my search engine to redirect me, since they will catch my typo and send me to the correct site.

But really the best way is to use a password manager. They’ll only log you in if you’re at the correct website.

[aja8888]

Bought 3.35% Wells Fargo 2 year CD at Schwab today. Just picking away...

[lawman]

Bought I yr C.D at Schwab today paying 3% but they were gone a few minutes later.

[madatrub]

Looks like rates are looking toppy on the long part of the curve. CUrious how Short term will behave in the next month.

[almost there]

Quote:

Originally Posted by madatrub Looks like rates are looking toppy on the long part of the curve. CUrious how Short term will behave in the next month.

Am thinking CDs will all go up after the next rate hike.
But may drift down a hair till then as they have this week.
I got tired of waiting and bought in Monday at Schwab.
9 month 2.6%, (2) yr 3.3%, (3) yr 3.4%, (4) yr 3.4% (5) yr 3.5%.
Was surprised how quickly the 5 yr at 3.5% sold out. And didn't return?
But if you can wait, you can probably do better in Aug. Just a guess.
But, as mentioned I got tired of waiting.....

[madatrub]

Quote:

Originally Posted by almost there Am thinking CDs will all go up after the next rate hike. But may drift down a hair till then as they have this week. I got tired of waiting and bought in Monday at Schwab. 9 month 2.6%, (2) yr 3.3%, (3) yr 3.4%, (4) yr 3.4% (5) yr 3.5%. Was surprised how quickly the 5 yr at 3.5% sold out. And didn't return? But if you can wait, you can probably do better in Aug. Just a guess. But, as mentioned I got tired of waiting.....

Super curious how it all plays out. Does another 0.5-0.75bps in July push rates higher? Is the market calling the feds bluff that they can't raise much more?

[Sunset]

Quote:

Originally Posted by tulak Be careful with this. You can accidentally mistype the name and enter your credentials on a bogus website. I actually prefer my search engine to redirect me, since they will catch my typo and send me to the correct site. But really the best way is to use a password manager. They’ll only log you in if you’re at the correct website.

I use bookmarks from the browser, or the URL I've saved in my password manager. Some scam sites pay to get to the top of the search function, so that is not a guaranteed way of getting to the correct URL.

[Freedom56]

Quote:

Originally Posted by lawman Bought I yr C.D at Schwab today paying 3% but they were gone a few minutes later.

Did you buy those CIBC 4.47% notes or the Citibank 5% notes? They are both now trading above par.

[Sunset]

Quote:

Originally Posted by Freedom56 Did you buy those CIBC 4.47% notes or the Citibank 5% notes? They are both now trading above par.

I was too slow, or couldn't find them on Vanguard or TD Ameritrade.

If you know of other good candidates, I'm all ears

Have bought some Treasuries, even then I have found the broker sites don't track the money like they do for stocks.

Example: say I have $42K in cash, if I put in an order for $10K of stock, my cash pile drops to $32K even if the stock order has not filled.
When I buy treasuries, after the order, the cash pile still says the original amount.
Makes it more confusing to have 2 ways to treat orders.

I don't have a Fidelity account.