Best CD, MM Rates & Bank Special Deals Thread 2023 - Please post updates here

[erkevin]

And Freedom56's prediction came true; all Morgan Stanley CDs are on the secondary market with significantly lower yields and all are callable (at TDA).

[pb4uski]

Quote:

Originally Posted by erkevin And Freedom56's prediction came true; all Morgan Stanley CDs are on the secondary market with significantly lower yields and all are callable (at TDA).

I've noticed that just in my shopping today. New issue CDs have more attractive yields than secondary purchases... but that was true all last week as well.

[Lakedog]

Quote:

Originally Posted by Car-Guy ^^^^^ On line transfers into Schwab take about 3 days to become available for trading. Transfers from Schwab to my local bank are available the same day they are received, regardless of the amount. Go figure.

This is the reverse of my experience with TD Ameritrade (now owned by Schwab). When I transfer money into my TDA account it is available immediately for trading but going the other way it is the next day before it hits the account (credit union). Are you pulling into your Schwab account or transferring from your bank? Hope I'm not going to experience a downgrade of service when my account is integrated into Schwab.

[Freedom56]

Quote:

Originally Posted by erkevin And Freedom56's prediction came true; all Morgan Stanley CDs are on the secondary market with significantly lower yields and all are callable (at TDA).

Should I pick lotto numbers now?

[Car-Guy]

Quote:

Originally Posted by Lakedog This is the reverse of my experience with TD Ameritrade (now owned by Schwab). When I transfer money into my TDA account it is available immediately for trading but going the other way it is the next day before it hits the account (credit union). Are you pulling into your Schwab account or transferring from your bank? Hope I'm not going to experience a downgrade of service when my account is integrated into Schwab.

I have an on-line (bi-directional) transfer setup with Schwab and my local bank. So I send money to my local bank or pull money from my local bank all from Schwab. I'm usually transferring 25 to 100k at a time so maybe that matters but they hold in-bound transfers for ~3 days once received. They do process outbound transfers overnight and it's available to me as soon as my local bank receives it.

This is one of my few complaints about Schwab. Been with them 40+ years and maintain a balance well over 1m. Doesn't seem to matter.

[RetiredAndLovingIt]

This one has been up for a few hours today and still not fixed. That's the kind of yield I'm looking for on a 1 month CD

[Brook2]

Perhaps a question asked a million times - forgive I'm new here - but I can't figure out how to read this thread from new to old? I like to visit it often, but i always have to click on the last page number and read backwards. There must be a better way and it's not obvious to me. Viewing "first unread" seems to want to make me read everything a year of history. Thx!

[Car-Guy]

^^^^^ Lot's of ways. Here's a few.


Just click "First" at the front of the page numbers.

If you want to jump to a specific page, just modify the page # in the URL with the page # you want to jump to. See below for an example if you want to go to page 20 of this thread.

https://www.early-retirement.org/for...116449-20.html

Or even easier, just click the down arrow key and enter the page # you want (located at the end of the page numbers)

[lordjust]

Quote:

Originally Posted by RetiredAndLovingIt This one has been up for a few hours today and still not fixed. That's the kind of yield I'm looking for on a 1 month CD

is it non-callable?

[TN Jim]

Brook2 said" Viewing "first unread" seems to want to make me read everything a year of history."

I use this method... https://www.early-retirement.org/for...ld-116683.html

[njhowie]

3-year 5.5%, callable starting in 6 months available at Fidelity. 19,000 of them still available.

DSN3L1688

[Jimonlimon]

I'm done with a major shift from bond and money market funds to CD's in preparation of retiring in the next 9-19 months. Moved 1/3 of my 401k into CD's from 1 to 5 years out. Left the rest in assorted equity funds. I may have second thoughts in a couple days though! Purchased the 1-2 year CD's last week and 3-5 year this week. (should have gone the other way as I lost 0.1% on the 5 year CD for waiting.)

Rates range from 5.35% (1 yr) to 4.80% (5 yr). All purchased within my Schwab PCRA account.


AMERICAN EXPRESS 5.35%24CD FDIC INS DUE 03/21/24US

FULTON BANK 5.35%24CD FDIC INS DUE 09/23/24US

AMERICAN EXPRESS 5.25%25CD FDIC INS DUE 03/24/25US

MORGAN STANLEY B 5.25%25CD FDIC INS DUE 03/24/25US

MORGAN STANLEY BANK 5%26CD FDIC INS DUE 03/23/26US

CUSTOMERS BANCOR 5.05%26CD FDIC INS DUE 03/24/26US

SYNCHRONY BANK 4.9%27CD FDIC INS DUE 03/29/27US

SYNCHRONY BANK 4.8%28CD FDIC INS DUE 03/29/28US

[JohnDoe]

For these callable CDs, do they typically get called? What are the factors in determining if they get called? Thanks.

[Spock]

Quote:

Originally Posted by JohnDoe For these callable CDs, do they typically get called? What are the factors in determining if they get called? Thanks.

There isn't any solid math to determine if a CD gets called. The higher rates go the less likely your bond will be called. The lower rates go the more likely it will get called.

[NomDeER]

Quote:

Originally Posted by Spock There isn't any solid math to determine if a CD gets called. The higher rates go the less likely your bond will be called. The lower rates go the more likely it will get called.

And if they get called when there are lower rates, you will have to reinvest at lower rates. Callable CDs also make it difficult to figure out where the CD fits in a bond/CD ladder. Personally, I've never seen a callable CD where the premium for being callable was worth it to me. Other people's mileage obviously varies.

[erkevin]

True Confession: about a year ago, I toyed with the idea of buying some of those Credit Suisse bonds at 7%. Too big to fail, right?

[pb4uski]

Quote:

Originally Posted by erkevin True Confession: about a year ago, I toyed with the idea of buying some of those Credit Suisse bonds at 7%. Too big to fail, right?

CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.

[erkevin]

Quote:

Originally Posted by pb4uski CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.

TDA no longer lists them; I assumed they had been defaulted on.

[Freedom56]

Quote:

Originally Posted by pb4uski CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.

Recall that the selling point of bond funds is that they have better access to bonds than individual bond holders and now there are still $275B AT1 bonds lurking in funds.

[lordjust]

Quote:

Originally Posted by pb4uski CS regular bonds survived intact. The only ones to fail were AT1 notes which were only available to certain institutional investors.

so why are we seeing 22553QQS9 such high ytm if so?