Henry Lili
Recycles dryer sheets
- Joined
- Oct 18, 2009
- Messages
- 246
Marcus and Synchrony are both behind the curve...
Marcus 1.5% as of yesterday 7/29
Marcus and Synchrony are both behind the curve...
... The Fed Funds Rate that is being raised is between the FED and member banks.
I realize that, but historically the Fed funds rate has sort of been the baseline for rates deeper in the curve and when the Fed funds rate changes other rates on the curve changed correspondingly unless the curve flattened or steepened. Not 1:1 but in a broad brush way.
Thanks. That makes me feel better because my recollection also was that they were not FDIC insured.
Yesterday the Vanguard Federal Money Market Fund VMFXX (settlement fund) 7 day SEC yield increased to 1.84%, IIRC it was 1.60% on Thursday.
Anyone have an idea where the 5 year rates will top out at? I'm hoping more than 3.5%.
I found this with a google search: *** Ken Tumin, founder and editor of DepositAccounts, expects CD rates to keep climbing this year and next. If the Fed carries three more rate hikes this year, for a total of seven, and three or four in 2023, Tumin predicts the highest rates for five-year CDs will hit a range of 4.00% to 4.50% by the end of next year. *** from Forbes.com recently.
Yesterday the Vanguard Federal Money Market Fund VMFXX (settlement fund) 7 day SEC yield increased to 1.84%, IIRC it was 1.60% on Thursday.
I found this with a google search: *** Ken Tumin, founder and editor of DepositAccounts, expects CD rates to keep climbing this year and next. If the Fed carries three more rate hikes this year, for a total of seven, and three or four in 2023, Tumin predicts the highest rates for five-year CDs will hit a range of 4.00% to 4.50% by the end of next year. *** from Forbes.com recently.
Yes. Earlier in the week it was at 1.53%. I think my money in the settlement fund will end up doing better than my short-term T Bills.
I really don't know much CDs and bonds, so I'm curious as to why people think that 5 year CDs will be so high next year when the longer term Treasury yields have decreased recently and many expect the Fed to start lowering interest rates next year.
Navy FCU - 33 month CD available starting today with 3.3% APY. $100k max. You can open it with $1k and additions up to the $100k maximum are allowed at any time. Look under "Certificate Special Offers"
Thanks for this. I opened one with them last week when the "Special Offer" was less special - only 2.6%. I sent them a message asking what I need to do to get the higher rate. Hopefully they won't make me jump through any hoops to make it happen.
Navy FCU - 33 month CD available starting today with 3.3% APY. $100k max. You can open it with $1k and additions up to the $100k maximum are allowed at any time. Look under "Certificate Special Offers"
CAR GUY - Looks like you're spot on -"I wouldn't be surprise to see 4% in the next ~30 days for 4 and 5 yr CD's."
sorry for dup-ing this post with another thread, but DANG!
Fido is "sold out" of all non-callable, new issue CD's beyond 4 years.
There are only 32 non-callable secondary CD issues at 5+ years maturity and I think I would have to buy 100% of the available market to cover the 401K stable value $ I was planning to move.
So much for waiting for the next rate hike.
It's hard to beat Vanguard for low cost money market funds. Fidelity and Schwab charge much higher expenses and it shows in the net yields.
CAR GUY - Looks like you're spot on -"I wouldn't be surprise to see 4% in the next ~30 days for 4 and 5 yr CD's."
Back a few years ago I missed a 3.5% CD - it was there on a Friday and by the time i bought on Monday it was 3%. Irked me.
Bearing in mind GTE's add-on CD and how good it has made me feel I'm going to stick $1000 in the Navy add-on , just in case rates don't keep going up.
Back a few years ago I missed a 3.5% CD - it was there on a Friday and by the time i bought on Monday it was 3%. Irked me.
Bearing in mind GTE's add-on CD and how good it has made me feel I'm going to stick $1000 in the Navy add-on , just in case rates don't keep going up.