audreyh1
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I saw this morning that Ally's No Penalty CD rate was 2.75%, at that time the online savings was still 2.35% so not sure if the NP CD went up.
Yes, it is now 3.1%
I saw this morning that Ally's No Penalty CD rate was 2.75%, at that time the online savings was still 2.35% so not sure if the NP CD went up.
I'm now considering CDs, again.
I have accounts with Navy Federal, Fidelity and Vanguard. Fidelity is the most convenient, so would like to investigate brokered CDs (12-18 month) ... any advice?
I saw this morning that Ally's No Penalty CD rate was 2.75%, at that time the online savings was still 2.35% so not sure if the NP CD went up.
Which is why they have already increased it to 3.1%, and I expect it to be increased again very soon.It's hard for me to justify 2.75% on a No Penalty CD, when I can get a 3 month t-bill or brokered CD for comfortably over 3%. A three run ladder will give access to 1/3 of my money every month.
If I thought rates might be heading down, that would be a different story. But, so far I see no evidence of lower rates or the circumstances that would tempt the FRB to lower rates. My 2¢. YMMV.
So, I get how to review the options for CDs, but not clear which bank to choose on the Fido site.
So, I get how to review the options for CDs, but not clear which bank to choose on the Fido site.
I'm now considering CDs, again.
I have accounts with Navy Federal, Fidelity and Vanguard. Fidelity is the most convenient, so would like to investigate brokered CDs (12-18 month) ... any advice?
Ding, ding, ding,
Schwab just posted new issue non callable 5yr CD's @ 5%.... Interest to be paid semi annually...
Rates are changed effective today for AMEX's High Yield Savings Account from 3.25% (declared on 10/27) to 3.50% effective 11/3. CD rates stay the same.
Rates are changed effective today for AMEX's High Yield Savings Account from 3.25% (declared on 10/27) to 3.50% effective 11/3. CD rates stay the same.
We want to let you know that as of November 3, 2022 the Annual Percentage Yield (APY) on your High Yield Savings Account has increased to 2.50%.
Navy Federal seems to be lagging. I'm in the process of moving a large chunk from Navy Fed to Vanguard which currently has much better brokered rates. Should get another little bump courtesy of the Fed's move.
Ding, ding, ding,
Schwab just posted new issue non callable 5yr CD's @ 5%.... Interest to be paid semi annually...
I suspect after yesterday's FED rate increase, we will see even higher CD rates in a few more weeks... We may see 6% by year end. I don't typically like buying CD's with a 5 yr term but it's tempting. Heck their 2 yr's are 4.85% so maybe I'll just buy some more of those.
Utah First is offering 4% on both 18 month and 60 month CDs.
Neither of which are very good rates. Vanguard has 18 mo for 4.85 and 60 mo for 4.9. I agree that rates may still creep up soon.
Are those brokered CD’s? Are they callable? Usually brokered CDs pay more than bank CDs because either they are callable or they have to be sold on the open market if you want to cash out before they mature. Bank CDs have a rate guarantee and a pre-defined early term penalty if you want to pull out early.
But I would agree if they are not callable those are a better option right now given rates seem to keep rising.