Best CD, MM Rates & Bank Special Deals Thread 2023 - Please post updates here

[copyright1997reloaded]

For those settling for 5.2, 5.3% on brokered CD's, just a reminder that NASA FCU still has its 9-month 5.65% APY CD, 15-month @ 5.45%.

Easy membership requirement and you can do the deposit via co-op branch network.

10K minimum.

I've been opening some of these as money trickles in with non-IRA money (too much hassle for me to do with tax-deferred accounts).

https://www.nasafcu.com/

and credit to Deposit Accounts: https://www.depositaccounts.com/banks/nasa-federal-credit-union/offers/

 

[Another Reader]

For those settling for 5.2, 5.3% on brokered CD's, just a reminder that NASA FCU still has its 9-month 5.65% APY CD, 15-month @ 5.45%.

Easy membership requirement and you can do the deposit via co-op branch network.

10K minimum.

I tried to open an account online and it was too difficult. I don't understand why they don't have an in person branch at NASA Ames, which must be one of the largest "satellite" operations. The co-op branch idea is appealing. Where is it shown on the website?

 

[copyright1997reloaded]

For those settling for 5.2, 5.3% on brokered CD's, just a reminder that NASA FCU still has its 9-month 5.65% APY CD, 15-month @ 5.45%.

Easy membership requirement and you can do the deposit via co-op branch network.

10K minimum.

I tried to open an account online and it was too difficult. I don't understand why they don't have an in person branch at NASA Ames, which must be one of the largest "satellite" operations. The co-op branch idea is appealing. Where is it shown on the website?

https://www.nasafcu.com/branches-atms/shared-branches

 

[RetiredAndLovingIt]

Old Dominion National Bank 12-Month CD Special 5.75% (4 states)

$500 minimum

Sharing from depositaccounts.com

https://www.depositaccounts.com/banks/old-dominion-national-bank/offers/

 

[Montecfo]

I have dormant accounts at NASA and that Old Dominion looks tempting. Just wish they were for longer.

Maybe B&M bank CDs are coming roaring back. All my money is at my broker now.

 

[Gumby]

Pentagon Federal Credit Union certificates - 1 yr 4.85%, 15 mo. 4.90%, 18 mo. 4.65%, 2 yr. 4.60%, all $1000 minimum.

 

[pb4uski]

Pentagon Federal Credit Union certificates - 1 yr 4.85%, 15 mo. 4.90%, 18 mo. 4.65%, 2 yr. 4.60%, all $1000 minimum.

Why bother when a 1-year non-callable brokered CD is 5.3% and a 2-year non-callable brokered CD is 5.05%... both 45 bps better.

 

[Tracer]

I found Doctor of Credit to be the best resource for the best savings and CD rates available. I scooped up a 5.50% 2 year CD I found there. Seems their list is more complete than other sites IMO.

https://www.doctorofcredit.com/high-interest-savings-to-get/

 

[njhowie]

Fidelity posted a few new issue CDs last night 5.5% for 61 to 69 months. Callable after one year. I took some of each maturity. 5.5% guaranteed for at least one year works for me. I need more/longer duration, but I can live with these.

 

[Chuckanut]

I just picked up a three year 4.75% CD non-callable on Friday.

 

[ShokWaveRider]

Swvxx - 4.97%
Snaxx - 5.12%

 

[MJ]

United State Senate FCU has a 36 month from 5.13 to 5.23% APY depending on the initial money with a one time bump up. Only a 6 month EWP. They have other attractive rates. They are quite busy.
https://www.ussfcu.org/resources/rates.html#smart-share-certificates

 

[teej1985]

Pentagon Federal Credit Union certificates - 1 yr 4.85%, 15 mo. 4.90%, 18 mo. 4.65%, 2 yr. 4.60%, all $1000 minimum.

@Nords had a not so good experience with PenFed, IIRC.

 

[calmloki]

@Nords had a not so good experience with PenFed, IIRC.

OTOH, I think PenFed used to be in the super group for great service and loans and CDs. I had several home loans and refied with them once - at one point was paying less for my mortgage than they paid me for a CD. Still have a couple of their cards, though they don't get used but once or so/year. Fond feelings toward them and hope they come back with great CD rates.

 

[njhowie]

Just purchased secondary market CD 8/30/2023 maturity 12.95% YTM. Should I care that it's barely 6 weeks? I don't think so, since treasuries maturing on the same date are yielding 4.9% to 5.3%.

 

[aja8888]

Thoughts on future maturities

2 year CD offerings are around 5.1% at Schwab (new CDs). What are folks plans for going forward as we (I) expect interest rates to drop back when inflation cools further? I have lots of "5+ % stuff" maturing in late 2023 and I am pondering whether or not I should start loading up on 2 - 5 year CDs, notes, bonds, etc around 5% before interest rates head south. This is for my IRA and not taxable (yet).

Or maybe it's time to slide back into a bond fund to capitalize on gains in NAV?


Thoughts?

 

[njhowie]

2 year CD offerings are around 5.1% at Schwab (new CDs). What are folks plans for going forward as we (I) expect interest rates to drop back when inflation cools further? I have lots of "5+ % stuff" maturing in late 2023 and I am pondering whether or not I should start loading up on 2 - 5 year CDs, notes, bonds, etc around 5% before interest rates head south. This is for my IRA and not taxable (yet).

Or maybe it's time to slide back into a bond fund to capitalize on gains in NAV?

Thoughts?

I am primarily buying longer duration, generally in the form of municipal bonds (folks who know me know this is obvious) as I can get them and money becomes available.

Being younger than most folks around here, I have no difficulty taking maturities in the 10 to 30 year range. At this time, I am not being very particular about the rate, whether it's very good quality in the mid/upper 5% range or slightly lower quality (still investment grade) in the 6%-7% range.

I will never buy a bond fund, though it could be an easy way to go at this juncture for those who don't want to put the work in to managing it themselves.

 

[Montecfo]

I'm continuing to add to ladder here and there.

Little disruptions here and there can provide opportunities, like the mini banking crisis, the ADP new jobs spike a few weeks ago.

Laddering means never having to say you are sorry.

 

[Healthy Lifestyle]

2 year CD offerings are around 5.1% at Schwab (new CDs). What are folks plans for going forward as we (I) expect interest rates to drop back when inflation cools further? I have lots of "5+ % stuff" maturing in late 2023 and I am pondering whether or not I should start loading up on 2 - 5 year CDs, notes, bonds, etc around 5% before interest rates head south. This is for my IRA and not taxable (yet).

Or maybe it's time to slide back into a bond fund to capitalize on gains in NAV?


Thoughts?

I am thinking along the same lines since I am retired and age 66+ years old.
I would like to maintain a 5+% rate for 2-3 years which takes me to age 70 and SSI.

 

[erkevin]

I am also trying to extend my ladder out to 2-3 years at 5%. Once rates return to "normal" and my ladder runs out, I have to come up with a new strategy (income stream).

 

[Al18]

Picked up a Barclays CD at Fidelity yesterday - 5.1% for 2 years, call protected. I would have preferred a 3 year, but didn’t find any paying 5% or greater.

 

[FiveDriver]

I note that Navy Federal is NOT keeping pace with the current CD rates. They're stuck at around 4.55% and their terminology is out of sync with all other lenders.

]I have a 5% CD maturing in about 6 months. If their rates don't improve, I'm not going to renew it at NFCU. I'll move it into Fido where I have more control.

 

[madatrub]

Arent long end yields off like 300 bps this week?

 

[dobig]

2 year CD offerings are around 5.1% at Schwab (new CDs). What are folks plans for going forward as we (I) expect interest rates to drop back when inflation cools further? I have lots of "5+ % stuff" maturing in late 2023 and I am pondering whether or not I should start loading up on 2 - 5 year CDs, notes, bonds, etc around 5% before interest rates head south. This is for my IRA and not taxable (yet).

Or maybe it's time to slide back into a bond fund to capitalize on gains in NAV?


Thoughts?

I have been selling off short duration GSE's likely to be called in a few months to buy beaten up funds like Wellesley and Wellington that contain 40% and 60% bonds and to raise some capital to see where we go from here. If we see some blips like Montecfo has been doing, I'll be adding. Likely longer duration. Otherwise perfectly content getting 5% in money market.

 

[aja8888]

I have been selling off short duration GSE's likely to be called in a few months to buy beaten up funds like Wellesley and Wellington that contain 40% and 60% bonds and to raise some capital to see where we go from here. If we see some blips like Montecfo has been doing, I'll be adding. Likely longer duration. Otherwise perfectly content getting 5% in money market.

Thanks, great idea.