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Old 01-26-2024, 07:03 AM   #81
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I understand Discover Bank's game a little better today.

On the way up, they lag competitors like Ally. On the way down they hold on to slightly higher rates (in some cases) a bit longer.

The 1- year was 5.2% last week, and today it is 5.0% (slightly lags Ally's 4.9%).

Schwab's SWVXX is dipping in much smaller increments. Over the last week it dropped to 5.22% (7-day yield). No FDIC insurance of course.
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Old 01-30-2024, 07:45 AM   #82
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US Senate FCU

60 months
$200,000 Plus Jumbo 4.97% 4.85%
$100,000 -$199,999 4.92% 4.80%
less than $99,999 4.86% 4.75%

https://www.ussfcu.org/resources/rat...e-certificates
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Old 01-30-2024, 11:01 AM   #83
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Banks are racing to drop their CD rates. Yesterday I picked up probably my last for a while.
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Old 01-30-2024, 11:06 AM   #84
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Marcus just emailed me offering a 5.4% cd for 14 months!
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Old 01-30-2024, 11:18 AM   #85
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Marcus just emailed me offering a 5.4% cd for 14 months!
Hey, hey! Better snap it up!

I’m curious about what is happening with Marcus. DH already has an Apple savings account through Goldman Sachs. Goldman Sachs issues the Apple Card.

However Apple is in talks with other issuers and I’ve heard they will probably switch to Synchrony. Goldman apparently wants to get out I’ve the credit card side of the consumer business? So I figure Goldman will offer something to the existing savings account holders - perhaps migrating them to Marcus?

Several stories. Here is one: https://www.zdnet.com/article/who-wi...for-its-users/
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Old 01-30-2024, 11:44 AM   #86
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Hey, hey! Better snap it up!

Iím curious about what is happening with Marcus. DH already has an Apple savings account through Goldman Sachs. Goldman Sachs issues the Apple Card.

However Apple is in talks with other issuers and Iíve heard they will probably switch to Synchrony. Goldman apparently wants to get out Iíve the credit card side of the consumer business? So I figure Goldman will offer something to the existing savings account holders - perhaps migrating them to Marcus?

Several stories. Here is one: https://www.zdnet.com/article/who-wi...for-its-users/
The rate is good thru 4/17! Which to me is amazing.
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Old 01-30-2024, 11:47 AM   #87
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The rate is good thru 4/17! Which to me is amazing.
Are you sure? Often a bank will say a special CD will be available through some date, but they donít guarantee the rate.
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Old 01-30-2024, 11:50 AM   #88
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Are you sure? Often a bank will say a special CD will be available through some date, but they don’t guarantee the rate.
Hidden in the email (not easily seen) was a 10 day rate guarantee.

Im have a lot of stuff coming into maturity so I will jump on this with $100K.
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Old 01-30-2024, 05:40 PM   #89
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Marcus just emailed me offering a 5.4% cd for 14 months!
I got this too, but unfortunately don't have much spare cash to invest at this time.
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Old 01-30-2024, 09:30 PM   #90
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Well BluPeak doesn't seem to be dropping their rates. https://www.blupeak.com/ Anyone can join by becoming a member of San Diego PBS KPBS
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Old 01-31-2024, 08:36 AM   #91
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Hidden in the email (not easily seen) was a 10 day rate guarantee.
Im have a lot of stuff coming into maturity so I will jump on this with $100K.
Re Marcus, they say that their special rates are good through some date in April. However, then later on it states that "rates can change anytime without notice"... Isn't this a blatant oxymoronish speech?

FWIW, I opened a new account with them last Sunday for the 14-month 5.40% special CD. A min. deposit is $500, but you can keep adding more $$ up to 10 days, and then the CD is locked. After the initial money that you deposit by an ACH transfer, you must call Marcus for the additional add-ons. They are open 24/7 and somebody picks up the phone pretty quickly. For example, my new account was locked for some reason when I wanted to login yesterday to confirm the deposit. I got help right away. I thought that if I've had an account with a small bank or a CU and the same happened there on Friday evening, well, good luck... you must wait until Monday to get help. In addition to other issues I've read other people experiencing on Deposit Accounts, I've decided that perhaps it's OK to sacrifice some interest income for the piece of mind. But that's just me though I still have to convince myself it's OK as like others I would like to maximize earnings

I will attempt to open longer term CD's today at Marcus. I don't see Fed increasing rates today.
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Old 01-31-2024, 08:58 AM   #92
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Old 01-31-2024, 07:25 PM   #93
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Banks are racing to drop their CD rates. Yesterday I picked up probably my last for a while.
Well how about that! I just snagged the 9 month 5.30%, funding it on 1-29 and lo and behold they dropped rates the next day! Which was only a week after the previous reduction.
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Synchrony Bank CD Rates as of 1-30-2024 - 1/30/2024
Synchrony lowers the rates of 11 CDs. Synchrony Bank CD rates (APY) as of 1-30-2024 include: 3-month @ 2.05% (was 2.25%) 6-month @ 4.80% (was 5.00%) 9-month @ 5.15% (was 5.30%) 11-month NP @ 3.65% (was 4.05%) 12-month @ 5.00% (no change) 13-month @ 4.50% (was 5.00%) 14-month @ 4.90% (was 5.00%) 15-month @ 5.00% (was 5.20%) 16-month @ 4.50% (was 5.00%) 18-month @ 4.50% (was 5.00%) 19-month @ 4.50% (no change) 24-month @ 4.20% (was 4.40%) 36-month @ 4.15% (was 4.30%) 48-month @ 4.00% (no change) 60-month @ 4.00% (no change) For more information regarding all Synchrony Bank CDs see: https://www.synchronybank.com/banking/ratesandterms/

Synchrony Bank CD Rates as of 1-23-2024 - 1/23/2024
Synchrony lowers the rates of 8 CDs. Synchrony Bank CD rates (APY) as of 1-23-2024 include: 6-month @ 5.00% (was 5.25%) 9-month @ 5.30% (no change) 11-month NP @ 4.05% (was 4.50%) 12-month @ 5.00% (was 5.30%) 13-month @ 5.00% (was 5.25%) 14-month @ 5.00% (was 5.25%) 15-month @ 5.20% (was 5.50%) 16-month @ 5.00% (was 5.25%) 18-month @ 5.00% (was 5.25%) 19-month @ 4.50% (no change) 24-month @ 4.40% (no change) 36-month @ 4.30% (no change) 48-month @ 4.00% (no change) 60-month @ 4.00% (no change) For more information regarding all Synchrony Bank CDs see: https://www.synchronybank.com/banking/ratesandterms/
Info from depositaccounts.com
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Old 01-31-2024, 11:37 PM   #94
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Nationwide is offering a five-year fixed annuity at 5.75%.
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Old 02-01-2024, 06:55 AM   #95
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Nationwide is offering a five-year fixed annuity at 5.75%.
Where? It is not on Blueprint income.
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Old 02-01-2024, 07:43 AM   #96
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I've been on the road a while and had a number of CD's mature while I was away. It was my plan when I left to just let the cash accumulate and wait until I got back to do anything. (Also I knew Powell would be speaking this week). So now I'm back and ready to start adding steps to my CD ladder. I think by the end of next week I'll be all in "again" and will probably be buying longer terms than I usually do. IMO, rates are past their peaks but still reasonable.
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Old 02-02-2024, 08:31 AM   #97
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I figured out one important clue - Ally appears to change their rates only on Fridays, first thing.

No change today so I think my Sunday rollover will be OK. Fingers crossed!
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Old 02-02-2024, 09:11 AM   #98
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I funded a Marcus 14 month CD @ 5.4% today.
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Old 02-03-2024, 03:36 AM   #99
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I funded a Marcus 14 month CD @ 5.4% today.
How long did it take to fund the ACH transfer?
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Old 02-06-2024, 09:22 PM   #100
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I figured out one important clue - Ally appears to change their rates only on Fridays, first thing.

No change today so I think my Sunday rollover will be OK. Fingers crossed!
2-6-24 - Yet another Ally CD Rate change! And this time on a Tuesday.

Fortunately I completed my last rollover on 2-4. The CD I rolled into didn’t change later, but I’m tired of the frequent rates changes.
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