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

[njhowie]

Just picked up 15 month non-callable for 5.816% in secondary market.

[Spock]

Quote:

Originally Posted by njhowie Just picked up 15 month non-callable for 5.816% in secondary market.

How many $K (approximately)? Whenever I spot something close to this it's like only 1 or 2 bonds left. Or the short duration + markup turns a 7% YTM on the fido bond search page into a -2% in the yield calculator.

[njhowie]

Quote:

Originally Posted by Spock How many $K (approximately)? Whenever I spot something close to this it's like only 1 or 2 bonds left. Or the short duration + markup turns a 7% YTM on the fido bond search page into a -2% in the yield calculator.

Just 5, I entered bid 0.1 below the ask and 30 seconds later, dealer took it. So, my yield is what was showing.

[Spock]

Quote:

Originally Posted by njhowie Just 5, I entered bid 0.1 below the ask and 30 seconds later, dealer took it. So, my yield is what was showing.

Interesting.... which platform allows you to bid? I've heard of others bidding on bonds but Fidelity's bond page scolds me if I don't enter a price that matches an existing offer to sell.

[njhowie]

Quote:

Originally Posted by Spock Interesting.... which platform allows you to bid? I've heard of others bidding on bonds but Fidelity's bond page scolds me if I don't enter a price that matches an existing offer to sell.

It's Fidelity. Have you tried recently? It allows it for CDs, as well as municipal bonds - both buying and selling, at least for me, COcheesehead, and jazz4cash.

[Dtail]

Even BOA now has a new money deposit program yielding up to 4.5% in a MM account.

[audreyh1]

Quote:

Originally Posted by Dtail Even BOA now has a new money deposit program yielding up to 4.5% in a MM account.

Where is that? Are they hiding it? Or is it at Merrill Lynch?

[Dtail]

Quote:

Originally Posted by audreyh1 Where is that? Are they hiding it? Or is it at Merrill Lynch?

It is actually BOA. I received an email on it. See below for some copied details.

Enroll by August 31, 2023

Click Enroll now or request enrollment with a
Bank of America® associate.

2

Deposit New Money

Deposit New Money* directly into a new or existing Bank of America Advantage Savings account or Money Market IRA within thirty (30) days of enrolling.
New Money deposits of1)
12-month Promotional Rate
Annual Percentage Yield (APY)
$50,000 3.93% 4.00%
$100,000 4.17% 4.25%
$250,000+ 4.41% 4.50%

[audreyh1]

OK, thanks. I didn’t get the promotional email yet.

I’m making more than 4.5% several other places.

[stephenson]

Isn’t a quarter point about $25,000 a year with $10M?

Seems worthwhile.

Now, the same quarter point on $200K is about $500 so perhaps less interesting.

I always think of investments being affected by the Rule of Big Numbers.

[Dtail]

Quote:

Originally Posted by audreyh1 OK, thanks. I didn’t get the promotional email yet. I’m making more than 4.5% several other places.

Agree, there are better rates, but not bad for them for the first time I believe.

[audreyh1]

Yeah, just evaluating whether it’s worth bothering personally.

Interesting move, don’t think I’ve ever seen it before. BofA trying to attract deposits? Shocker!

[Another Reader]

Anyone use NASA Credit Union? 5.65 percent on a 9 month share certificate, $10k minimum. Looks like it's easy to qualify and free.

[jazz4cash]

Quote:

Originally Posted by audreyh1 Yeah, just evaluating whether it’s worth bothering personally. Interesting move, don’t think I’ve ever seen it before. BofA trying to attract deposits? Shocker!

Agree.

[RetiredAndLovingIt]

I've been a NASA customer for about 15 years now and never had any big issues with them. I currently have some of my Roth there with all three of their high interest Promo specials but I've also had savings CDs over the years. Their specials generally apply to new money only although they have been known to waive that requirement for maturing CDs if you ask. A couple of years ago they flat out refused to do that so I moved all my Roth elsewhere but over the past few months I've dumped a lot back into their 49 month certificate.

[jazz4cash]

Quote:

Originally Posted by Another Reader Anyone use NASA Credit Union? 5.65 percent on a 9 month share certificate, $10k minimum. Looks like it's easy to qualify and free.

I use NASA I went the easy qualification route but I am within 30 minute of several branches. They have bungled an IRA direct transfer request but so has everyone else.

[jazz4cash]

Quote:

Originally Posted by jazz4cash I use NASA I went the easy qualification route but I am within 30 minute of several branches. They have bungled an IRA direct transfer request but so has everyone else.

Edit: They usually say it has to be new money for their promo deals.

[stephenson]

So, continued seeing NASA FCU mentioned with higher than average rates.

I really like the science and tech ethic at NASA, but not so much they're silly going to Mars thing.

Decided to open account ... anyone else done this using their "catch-all" membership option of one year free membership in a space organization?

Any real interest advantages or ....?

[Another Reader]

I did the application today. I checked the free membership, got no information. Would not upload my ID. You have to page through a number of disclosures and agreements before you can complete the process. You have to use a credit card or mail them a check for the deposit. Guess I will chat with them on Monday.

[stephenson]

Did all of that - website interface a bit clunky, but worked. Used cc to open. Got email confirming application. Standing by for approval.