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

[Healthy Lifestyle]

Same here as Vanguard amd Merrill MMF's look so attractive compared to slight bump that Treasuries and CD's are offering.

[Healthy Lifestyle]

Quote:

Originally Posted by aja8888 That's what I am doing. But I sure would like to see long term treasuries go to 5%, then I will load up on those.

Same here as Vanguard and Merrill MMF's look so attractive compared to slight bump that Treasuries and CD's are offering.

[erkevin]

I went for duration and bought a 30 month CD today with a YTM of 4.960%. First Foundation Bank CUSIP: 32026UX27

[Affinity4Investing]

Quote:

Originally Posted by Car-Guy Makes it tough to decided what to do as my CD's mature. Buy more CD's and lock in the rates or add to these MM's and get a great return and the liquidity. Since I can't decide, I'm doing a little of both.

A little of both sounds like a good compromise but I am thinking more and more about the benefit/compounding ability of earnings on these "daily" accruers/monthly payers. If I'm able to reinvest my monthly payouts right back into the securities, I'm keeping those soldiers working for me even harder via the compounding. Merrill has PVOXX at 5.40% today.

[calmloki]

My math for annualized interest on the 6-month T-bill bought yesterday indicates 5.323% - state tax free. The combination of locking the interest for 6-mo and not paying about 9% state tax keeps me in T-bills. Have to start thinking longer maturities soon.

[Affinity4Investing]

Quote:

Originally Posted by Another Reader I bought a Sallie Mae 12 month CD at 5.5 percent but any other cash that appears will go into treasuries or hang out in the MM accounts. Property taxes for the rentals starting next month...

On the topic of Real Estate, the new edition of Wealth Management Real Estate just came out:


https://bluetoad.com/publication/?m=...&p=1&ver=html5


Free publication

[NewEnglander]

Quote:

Originally Posted by Nords The bank has reduced the rewards (I think from 2% down to 1.50% or even 1.25%). Greater regulation and lower interchange fees have been squeezing those margins for years, but the most annoying part has been their fraud-alert and cancellation policy. I've had the card since 1984 (nearly 40 years) but in the last few years it's been canceled twice and a replacement's been mailed out. The annoying part was that both times we were on slow travel-- and had sent in a travel notification-- and they mailed the replacement card to our home address. Then I'd have to call them and point out that we were having our mail held and wouldn't pick it up for another two months, so please mail the card to our location. I'm simplifying my life to our Costco Citi Visa (and its rewards) with a NFCU Amex as a backup. Not so much: https://www.spglobal.com/marketintel...umult-74176131 https://www.ksat.com/news/local/2023...-weak-markets/

another long time USAA customer here for over 40 years. Their credit card rewards offerings aren't competitive. We used to use USAA for our go to card for most expenses but 1.5% cash back was the best they offered us. I looked online and even called and asked if they had anything better like 2% but they didn't so we opened a Fidelity 2% cash back card. We now use the Fidelity card for almost all expenses. We still have the USAA cards which we use occasionally and for backup. We had the same problem with receiving new cards due to potential fraud. It also happened to us on the first day of a European vacation, luckily we had another card to use on the trip.

[RetiredAndLovingIt]

Sharing from depositaccounts.com

https://www.depositaccounts.com/bank...l-bank/offers/

Deal Summary: 15-month CD Special, 5.75% APY, $10k minimum deposit.
Availability: Market area is the greater Houston metropolitan area.

[RetiredAndLovingIt]

Sharing from depositaccounts.com

https://www.depositaccounts.com/bank...l-bank/offers/


Deal Summary: CD Specials - 14-month (6.01% APY) and 8-month (5.75% APY), $1k minimum opening deposit, new money, available through 8/31/2023.
Availability: Hillsborough, Manatee, Pasco, Pinellas, and Sarasota Counties, Florida

[RetiredAndLovingIt]

Sharing from depositaccounts.com

https://www.depositaccounts.com/bank...-group/offers/

Deal Summary: High-Yield Online Savings Account, 5.25% APY on balances up to $1 million, $100 minimum opening deposit.
Availability: Nationwide through online application.

[RetiredAndLovingIt]

Wish I qualified for this one

https://www.depositaccounts.com/banks/dexsta-cu/offers/


Deal Summary: Certificates – 24-month (5.64% APY), 36-month (5.90% APY), 48-month (5.64% APY), and 60-month (5.38% APY), $1k minimum deposit.
Availability: Kent County and New Castle County (DE) and Cecil County (MD)

[Free bird]

Quote:

Originally Posted by RetiredAndLovingIt Wish I qualified for this one https://www.depositaccounts.com/banks/dexsta-cu/offers/ Deal Summary: Certificates – 24-month (5.64% APY), 36-month (5.90% APY), 48-month (5.64% APY), and 60-month (5.38% APY), $1k minimum deposit. Availability: Kent County and New Castle County (DE) and Cecil County (MD)

I don’t think their website is functioning currently to apply for membership. They’re probably swamped.

[RetiredAndLovingIt]

I'm not surprised.

[Al18]

I saw the DEXSTA offer today. I would have been able to qualify when working, but not since I retired. That credit union used to operate out of the building rented from my company, but moved a few years before I retired. There were no deals back then.

[Surewhitey]

We did a couple CD's today @ Fido.

10yr callable 1st 8/2025 at 5.2%
4 yr non callable at 4.75% only a few available then dropped to 4.6%. Got $13k of the 4.75...

[rkser]

Quote:

Originally Posted by Car-Guy Makes it tough to decided what to do as my CD's mature. Buy more CD's and lock in the rates or add to these MM's and get a great return and the liquidity. Since I can't decide, I'm doing a little of both.

I am in the same boat, frozen in indecision with IRA money in SWVXX at a 7 day yield of around 5.2% (not bad) & some CDs.

Lots of choices which are totally new to me, Treasury Bills, Notes & Bonds, then the MYGAs

I am looking for a set & forget it investment for these around $300k, don’t want to go back into BND & do not want a financial advisor either.

[njhowie]

Quote:

Originally Posted by rkser I am in the same boat, frozen in indecision with IRA money in SWVXX at a 7 day yield of around 5.2% (not bad) & some CDs. Lots of choices which are totally new to me, Treasury Bills, Notes & Bonds, then the MYGAs I am looking for a set & forget it investment for these around $300k, don’t want to go back into BND & do not want a financial advisor either.

For how long are you looking to forget it?

[rkser]

I want to invest $100k today for say 5 yrs & forget it, then probably add to it as CDs mature.

I want to keep some for Roth Conversions in the next 3 years, when I hit 70

Thanks for your help, please help me decide

[rkser]

Or I can invest the whole $300k now & take out as I need for Roth Conversion.

Thanks

[RetiredAndLovingIt]

https://www.depositaccounts.com/bank...k-bank/offers/

Deal Summary: Online CD Specials – 12-month (5.75% APY), 18-month (5.55% APY), 24-month (5.55% APY), $25k minimum deposit.
Availability: Nationwide