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Old 04-01-2024, 11:00 AM   #141
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I can't comment on why you didn't get notified. If it were me I'd call the broker and ask why you weren't notified.
I took your advice and just tried calling Vanguard to ask why I never received an alert. The hold time is over an hour.

So, I tried the chat window. The person in chat told me I had to talk with someone in fixed income which is not over chat. They also have a wait time. So, I am giving up trying to speak with someone.

When I look at Vanguard's alert settings page, nowhere does it have a checkbox to get alerts when a brokered CD gets called. So, I am assuming they just do not support that. Not a big deal, but I do have a lot of brokered CDs so it would have been nice to get an alert versus having to manually check. If anyone with Vanguard has brokered CDs that have been called, and you have received a text or email alert, please let me know.
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Old 04-01-2024, 11:20 AM   #142
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^^^^^
Interesting, another "plus" for Schwab users. Almost never a wait/hold time.
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Old 04-01-2024, 11:24 AM   #143
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^^^^^
Interesting, another "plus" for Schwab users. Almost never a wait/hold time.
Exactly, every time I call Schwab, I get a person immediately, even after hours.
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Old 04-01-2024, 12:33 PM   #144
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Yikes on the wait time!

Fidelity answers quickly - and always on their game.

If I was told I had to wait an hour to speak with a rep I would immediately move every penny to another institution. You don't need to sell equities or funds, just transfer for either Fidelity or Schwab to manage.
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Old 04-01-2024, 01:07 PM   #145
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Exactly, every time I call Schwab, I get a person immediately, even after hours.
Agreed. Every time. Excellent and knowledgeable.
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Old 04-01-2024, 04:42 PM   #146
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Yikes on the wait time!

Fidelity answers quickly - and always on their game.

If I was told I had to wait an hour to speak with a rep I would immediately move every penny to another institution. You don't need to sell equities or funds, just transfer for either Fidelity or Schwab to manage.
+1 on Fidelity.
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Old 04-01-2024, 05:53 PM   #147
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I note that Navy Fed has a 12-month CD with APY of 5.15% available. I just rolled over a CD with them. I'll ride with Navy until next April and then check the rates.
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Old 04-01-2024, 07:20 PM   #148
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I note that Navy Fed has a 12-month CD with APY of 5.15% available. I just rolled over a CD with them. I'll ride with Navy until next April and then check the rates.
I have a CD there maturing in 17 days. Maybe I'll leap on that too.
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Old 04-01-2024, 08:06 PM   #149
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I note that Navy Fed has a 12-month CD with APY of 5.15% available. I just rolled over a CD with them. I'll ride with Navy until next April and then check the rates.

If Navy isn't available, Schwab has a 1 year CD at 5.1% non-callable.
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Old 04-02-2024, 05:36 AM   #150
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I note that Navy Fed has a 12-month CD with APY of 5.15% available. I just rolled over a CD with them. I'll ride with Navy until next April and then check the rates.
I think they are 5.1% APY. The Specials have a 5.3% APY but are relatively useless to most here as they have a $3k limit.

https://www.navyfederal.org/checking...ate-rates.html
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Old 04-09-2024, 02:35 PM   #151
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American Express drops the rate on it's high yield savings account to 4.3% today down from 4.35% - this rate was last changed in October.

CDs are not truly competitive. Best offer is a 11-month CD at 4.75% no minimum and can renew at the then offered rate for that term.
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Old 04-09-2024, 02:43 PM   #152
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American Express drops the rate on it's high yield savings account to 4.3% today down from 4.35% - this rate was last changed in October.

CDs are not truly competitive. Best offer is a 11-month CD at 4.75% no minimum and can renew at the then offered rate for that term.
Yep,~1yr brokered CD's have been, and still are running just over 5%.
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Old 04-10-2024, 02:42 AM   #153
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American Express drops the rate on it's high yield savings account to 4.3% today down from 4.35% - this rate was last changed in October.

CDs are not truly competitive. Best offer is a 11-month CD at 4.75% no minimum and can renew at the then offered rate for that term.
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Yep,~1yr brokered CD's have been, and still are running just over 5%.
Last time I renewed, about 4-6 weeks ago, it was about the same 1-year for a bit over 5%.

OTOH, I have a 10-month CD maturing next week which has an APY of 4.48% and they're offering 5% APY for 10, 12 or 15 months at a local credit union.

For the convenience of not having to move funds around, I'm inclined to renew, rather than chasing say another 1/10 of a point. Now if the difference was more like 1/5 of a point or greater, I would jump through the hoops.
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Old 04-10-2024, 03:20 AM   #154
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I went thru a period late last year early this year where direct bank CDs had higher rates than brokered CDs, especially compared to the noncallable ones. I ended up with all direct bank CDs loading up in Dec and Jan. This may have changed again recently. Also T-bills were offering higher rates than brokered CDs and I think they still are. I’ve been happily rolling over mine so far.
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Old 04-10-2024, 07:58 AM   #155
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Did a Barclays 6 month at 5.3 percent. NASA has a 9 month at 5.4, but I can't seem to get an account opened there...
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Old 04-10-2024, 03:01 PM   #156
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We have been especially alert to CD rates with 5 year maturities of late as we have a CD maturing this month in our 5 year ladder. As far as I can see the highest non callable rate I can find at Fidelity for new issues is 4.35%. For secondary market non callable I'm seeing 4.46%. For direct bank CD's I'm seeing 4.55%. We live in a state with the top marginal income tax rate of 7.15%, and looking at TE yields, buying a 5 year treasury at auction this month, we could get a TE yield of 4.924%, so I think our decision has been made.

If anyone knows of a 5 year direct CD with a rate of 5% please post here.
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Old 04-10-2024, 04:13 PM   #157
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We have been especially alert to CD rates with 5 year maturities of late as we have a CD maturing this month in our 5 year ladder. As far as I can see the highest non callable rate I can find at Fidelity for new issues is 4.35%. For secondary market non callable I'm seeing 4.46%. For direct bank CD's I'm seeing 4.55%. We live in a state with the top marginal income tax rate of 7.15%, and looking at TE yields, buying a 5 year treasury at auction this month, we could get a TE yield of 4.924%, so I think our decision has been made.

If anyone knows of a 5 year direct CD with a rate of 5% please post here.
I personally have been looking for that combo too, but have not seen anything close.
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Old 04-11-2024, 12:54 PM   #158
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JPMorgan Callable CD was called and paid out today. Help me understand what I didn't understand when I bought it.

I purchased a callable JPMorgan CD that settled on 7-11-23. It was a 13 months CD that would mature on 8-12-24 if not called. It paid 5.55% interest, which I thought was per year, so 12 months.

The CD was for $25,000. It was called and paid out today 4-11-24, so 9 months after purchasing it.

If it would have lasted 12 months, I was expecting (25000 x .0555) = $1387.50 in interest. Since it was only held for 9 months before being called, I would expect 9/12 or 3/4 of that interest. So $1040.63 in interest.

Instead, I got paid $345.92 in interest today (along with the return of the $25,000).

What am I not understanding? I'm sure I'm wrong, but I don't know why.
Perhaps I have now learned why most people say don't buy callable CDs.
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Old 04-11-2024, 01:08 PM   #159
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JPMorgan Callable CD was called and paid out today. Help me understand what I didn't understand when I bought it.

I purchased a callable JPMorgan CD that settled on 7-11-23. It was a 13 months CD that would mature on 8-12-24 if not called. It paid 5.55% interest, which I thought was per year, so 12 months.

The CD was for $25,000. It was called and paid out today 4-11-24, so 9 months after purchasing it.

If it would have lasted 12 months, I was expecting (25000 x .0555) = $1387.50 in interest. Since it was only held for 9 months before being called, I would expect 9/12 or 3/4 of that interest. So $1040.63 in interest.

Instead, I got paid $345.92 in interest today (along with the return of the $25,000).

What am I not understanding? I'm sure I'm wrong, but I don't know why.
Perhaps I have now learned why most people say don't buy callable CDs.
You likely got interest paid December 2023 credited last year? I say this because:
25000*.0555*102/366 = $386
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Old 04-11-2024, 01:16 PM   #160
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You likely got interest paid December 2023 credited last year? I say this because:
25000*.0555*102/366 = $386
Doh! Almost correct. They paid me $699.45 on January 11th. I had forgotten that. Close enough.

Thanks for helping me find that. Problem solved.
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