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Old 09-26-2023, 08:10 AM   #1781
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Originally Posted by jldavid47 View Post
Current best non-callable CD rates at Schwab:

12 mo - 5.55%
18 mo - 5.50%
24 mo - 5.35%
36 mo - 5.10%
48 mo - 4.85%
60 mo - 4.75%

Maturities <=48 months rose by 5 basis points since last week. 60 month maturities increased by 10 basis points.
IMO, we will probably see those rates creep up just a little more in the next 2 to 4 months, especially if the FED does raise rates another .25 point this year. (As they suggest they might). Regardless I think we are nearing the peaks. The questions in the back of my mind is, how long will these rates remain at this level before that start falling and then how fast might they fall. YMMV
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Old 09-26-2023, 09:08 AM   #1782
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IMO, we will probably see those rates creep up just a little more in the next 2 to 4 months, especially if the FED does raise rates another .25 point this year. (As they suggest they might). Regardless I think we are nearing the peaks. The questions in the back of my mind is, how long will these rates remain at this level before that start falling and then how fast might they fall. YMMV
As we all know it's going to depend on inflation and how the economy does. I still believe the 4th quarter will surprise to the upside on inflation. After that who knows.

I do know based on some inflation charts I've seen that rates can drop pretty darn fast if the economy is going south quickly. If, if, if.

Bottom line is time will tell. I still have a nice chunk of change waiting to lock in 5 to 10 year CDs/treasuries. The big question is if we see 5% on 5 or 10 year do we lock it in. The window to lock in is pretty small. Plus I'm still saving 15-20% to put back into equities but no rush on that one.
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Old 09-26-2023, 09:21 AM   #1783
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In my particular case, I'm really only interested in rates for the next 3 or 4 years. As mentioned before, either here or in another related thread, I overdid buying CD's last year, but as they start maturing, I'm holding off a lot of re-buys. I think early next year I'll start adding to "or" rebuilding a 1 to 3 year ladder. But this time, I'm only going in with ~75% of my available cash. The rest will just stay in something like SWVXX until I need it for something.
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Old 09-26-2023, 10:35 AM   #1784
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IMO, we will probably see those rates creep up just a little more in the next 2 to 4 months, especially if the FED does raise rates another .25 point this year. (As they suggest they might). Regardless I think we are nearing the peaks. The questions in the back of my mind is, how long will these rates remain at this level before that start falling and then how fast might they fall. YMMV
That would suit me just fine. I have 2 CDs maturing this year (Oct and Dec) that would be in time to make a 4 year ladder. If the rates hold for 2024 I may buy more. Since I have MFs and stocks this is the easiest way for me to keep track of cash I don't need to access frequently. Once the rates go down I may have to have another plan.

Cheers!
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Old 09-27-2023, 09:54 AM   #1785
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new to group..anybody use synchrony financial??

they appear to be a digital bank so a little leery but appear to be FDIC ins
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Old 09-27-2023, 10:21 AM   #1786
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new to group..anybody use synchrony financial??

they appear to be a digital bank so a little leery but appear to be FDIC ins
Yes, I use them extensively. They aren’t new, but are were formerly GE Capital Retail Bank. They changed the name in 2014.

Yes, they are FDIC insured so you don’t have to be concerned about that. I think they are fairly well run and easy to deal with online and by phone. They tend to be more aggressive with raising their savings rates which is nice. They occasionally have good CD specials.

My only complaint is that CDs are set to rollover by default and I have to call in some time before maturity to get that changed. But that call is straightforward.
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Old 09-27-2023, 10:24 AM   #1787
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new to group..anybody use synchrony financial??

they appear to be a digital bank so a little leery but appear to be FDIC ins
Yep, I have a small (100k) CD with them. From a CD perspective they look like any other financial institution to me.
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Old 09-27-2023, 10:26 AM   #1788
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so when u call in do they put it in a high yielding saving acct till u buy another cd??
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Old 09-27-2023, 10:40 AM   #1789
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so when u call in do they put it in a high yielding saving acct till u buy another cd??
I specify to transfer to my saving account on maturity. Then yes you can use your savings account to fund new CD purchases.
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synchrony financial
Old 09-27-2023, 10:43 AM   #1790
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synchrony financial

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Originally Posted by audreyh1 View Post
Yes, I use them extensively. They arenít new, but are were formerly GE Capital Retail Bank. They changed the name in 2014.

Yes, they are FDIC insured so you donít have to be concerned about that. I think they are fairly well run and easy to deal with online and by phone. They tend to be more aggressive with raising their savings rates which is nice. They occasionally have good CD specials.

My only complaint is that CDs are set to rollover by default and I have to call in some time before maturity to get that changed. But that call is straightforward.

so when u call in do they put it in a high yielding saving or checking acct till u buy another cd??
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Old 09-27-2023, 11:17 AM   #1791
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sorry for the double up

again new here

LOL
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Old 09-27-2023, 11:50 AM   #1792
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yep it worked on 1 I did but for some reason did not on that one

thanks!
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Old 09-27-2023, 12:47 PM   #1793
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American Express declares new interest rate on it's High Yield Savings Account effective 9/27: 4.30% - up 5 bp from it's August rate of 4.25%. New this time is an 11-month CD yields 5.0% - the best rate they offer. 24-month is 4.75% and 12-month 4.25%
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Old 09-27-2023, 01:05 PM   #1794
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American Express declares new interest rate on it's High Yield Savings Account effective 9/27: 4.30% - up 5 bp from it's August rate of 4.25%. New this time is an 11-month CD yields 5.0% - the best rate they offer. 24-month is 4.75% and 12-month 4.25%
AMEX seems to lag in their CD rates. I am getting 5.30% for an 11-month CD thru Wings Financial CU.
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Old 09-27-2023, 10:16 PM   #1795
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new to group..anybody use synchrony financial??

they appear to be a digital bank so a little leery but appear to be FDIC ins
The OP has obviously seen the new 5.40% CD offer for 16 months. I also have an account with them and so far so good. No worries here.
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Old 10-02-2023, 09:25 PM   #1796
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Fidelity / Wells fargo just issued some non-callable, 18mth/2y/3y=5.55/5.4/5.15 which are all leading rates. Looks pretty good?
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Old 10-02-2023, 10:21 PM   #1797
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6% APY 12-17 month certificate at Credit Human. Easy join.
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Old 10-03-2023, 08:40 AM   #1798
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Current best non-callable CD rates at Schwab:

12 mo - 5.50%
18 mo - 5.55%
24 mo - 5.40%
36 mo - 5.15%
48 mo - 4.90%
60 mo - 4.80%

The best 12 month rate dropped by 5 basis points since last week. The rest of the maturities moved up by 5 basis points, mostly thanks to new CD issues from Wells Fargo.
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Old 10-03-2023, 09:06 AM   #1799
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Quote:
Originally Posted by jldavid47 View Post
Current best non-callable CD rates at Schwab:

12 mo - 5.50%
18 mo - 5.55%
24 mo - 5.40%
36 mo - 5.15%
48 mo - 4.90%
60 mo - 4.80%

The best 12 month rate dropped by 5 basis points since last week. The rest of the maturities moved up by 5 basis points, mostly thanks to new CD issues from Wells Fargo.
I think that's just round off. Some bank paying top dollar just sold out of their CD offering. Others new ones will follow, maybe even today and I think we still have some room to move up a little more. I'm going to hold on to my growing stash of dry powder until early next year.
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Old 10-03-2023, 09:19 AM   #1800
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It is a bit disappointing that we have not breached the highs from March on the 5YR CDs. They seem a bit non-competitive.
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