Best CD, MM Rates & Bank Special Deals Thread 2022 - Please post updates here

[Montecfo]

You wouldn’t. Utah First is at 5% for a 22 month CD so there is no reason to buy anything at a lower rate than that. Not all banks have adjusted their rates so you have to shop around for the best deal.



Where are you getting 4% for online savings?

Cfg bank. 4.05%

 

[JoeWras]

+1

I would like to add that while bagging a very high interest rate over a long term certainly gives one bragging rights at family get-togethers, golf tournaments and other social events, the goal is to maximize the dollars earned. IMO, this simple strategy has a good chance to maximize the dollars earned while keeping risks acceptable. Time will tell.

You mean like my great niece/nephews bragging about playing Gamestop and Bitcoin?

We're not visiting them this year. Too bad, I'd like to hear their current thoughts.

 

[John Galt III]

Slim pickings for the new issue 5 year CD seeker at Vanguard today. Only one there, and it's callable, and only 4.45%. Good thing I snapped up some 4.95 % 5 years non callable CDs a month ago.

I still have dry powder left. Might get some 1, 2 or 3 year CDs they list, at 4.7 % to 4.8 %, but they are all callable. Decisions, decisions.

Hey, maybe I can wait until the inverted yield curve 'corrects itself', ha ha.

 

[NomDeER]

Slim pickings for the new issue 5 year CD seeker at Vanguard today. Only one there, and it's callable, and only 4.45%. Good thing I snapped up some 4.95 % 5 years non callable CDs a month ago.

I still have dry powder left. Might get some 1, 2 or 3 year CDs they list, at 4.7 % to 4.8 %, but they are all callable. Decisions, decisions.

Hey, maybe I can wait until the inverted yield curve 'corrects itself', ha ha.

Even if the yield curve stops being inverted, that does not mean that the yields for the mid-term and long-term won't go down. All the yields could come down, with short-term rates coming down more and mid-term and long-term rates coming down.

I can't decide what to do, either, but I'm not interested in mid-term callable CDs. I think I'd rather get a CD from my bank. But, I'm also looking at corporate bonds.

 

[njhowie]

Slim pickings for the new issue 5 year CD seeker at Vanguard today. Only one there, and it's callable, and only 4.45%. Good thing I snapped up some 4.95 % 5 years non callable CDs a month ago.

I still have dry powder left. Might get some 1, 2 or 3 year CDs they list, at 4.7 % to 4.8 %, but they are all callable. Decisions, decisions.

Hey, maybe I can wait until the inverted yield curve 'corrects itself', ha ha.

Today's take - 9.5 month, non-callable, 5.43%. CUSIP 919853GZ8, 3.9% coupon, paid 98.738.

 

[RetiredAndLovingIt]

INOVA Federal Credit Union Adds Three Rate-Leading CD Specials all over 5% CD's
Availability: Easy membership requirement in northern Indiana and San Francisco Bay area.
https://www.depositaccounts.com/banks/inova-fcu/offers/

********************************
First Community Credit Union 36- and 60-Month CDs Are Now Rate Leaders
Deal Summary: CDs – 36-month (5.00% APY), 60-month (5.00% APY), $500 minimum.
Availability: Residents of five Missouri counties and the City of St. Louis, and three Illinois counties, all in the St. Louis metropolitan area.
https://www.depositaccounts.com/banks/first-community-credit-union/offers/

 

[ShokWaveRider]

SWVXX - 4.1% Not too shabby.

 

[John Galt III]

I have a question somewhat related to the topic. Is there any reason not to link all of your various financial institutions to one another? Currently I link all three of my institutions to my checking account at a fourth place, and to move money from one place to another, I have to move money to the checking, wait for it to appear, then move it from checking to whatever institution I want. Would save time to just link all institutions together, so I could xfer $ directly from anywhere to anywhere and have only one wait period, instead of two. I can't remember why I set it up this way. Maybe fear of hacking with so many links. No down side to linking everything to everything?

 

[Car-Guy]

I have a question somewhat related to the topic. Is there any reason not to link all of your various financial institutions to one another? Currently I link all three of my institutions to my checking account at a fourth place, and to move money from one place to another, I have to move money to the checking, wait for it to appear, then move it from checking to whatever institution I want. Would save time to just link all institutions together, so I could xfer $ directly from anywhere to anywhere and have only one wait period, instead of two. I can't remember why I set it up this way. Maybe fear of hacking with so many links. No down side to linking everything to everything?

See the bold, that's why I don't... If one account were to be hacked, it "could" become a backdoor to the linked ones... Not linking them has never been a problem for me anyway so I don't do it.

 

[Montecfo]

CFG Bank HY MM account now at 4.15%

 

[copyright1997reloaded]

SWVXX - 4.1% Not too shabby.

Yepper.

Makes me think that there is no need to fill in any missing very short legs on my overall short term bond ladder, i.e. don't do any 8/13 week T-Bills and just continue on with 6-month ones, and look for an occasional decent deal on a somewhat longer CD.

ETA: As of this morning, I am at 4.205% weighted YTM on super-safe (MM, T-Bills, CD's) with a weighted days to maturity of 131. So by laddering in over the last few months I'm doing better than SWVXX, but that gap is falling quickly.

 

[Dash man]

I just noticed Synchrony Bank is up to 3.75%.

 

[audreyh1]

I just noticed Synchrony Bank is up to 3.75%.

Yep, just noticed that too when I logged in this morning!

I think I checked last night and FZDXX was like 4.27%.

 

[Momcpa]

IHMV Credit Union.........8 month CD at 5%. I'm buying me a Christmas present !!!!

 

[Car-Guy]

I just noticed Synchrony Bank is up to 3.75%.

I think I checked last night and FZDXX was like 4.27%.

IHMV Credit Union.........8 month CD at 5%. I'm buying me a Christmas present !!!!

All of these sure do "help" to offset the 7 to 8% inflation rate... Hate to be a Debbie Downer.

But I do agree, it sure beats doing nothing!

 

[lordjust]

Yep, just noticed that too when I logged in this morning!

I think I checked last night and FZDXX was like 4.27%.

audrey, where are you seeing that? I looked at fidelity and they are showing last yield for 11/30. is there an updated "12/21" location? I am sure you are correct, i just want to know why i cant find it or i prefer the source of truth.

https://www.nasdaq.com/market-activity/funds-and-etfs/fzdxx

4.16

https://fundresearch.fidelity.com/mutual-funds/summary/31617H805

7-Day Yield 4

3.82%

11/30/2022

7-Day Yield Without Reductions 5

3.73%

11/30/2022

 

[njhowie]

audrey, where are you seeing that? I looked at fidelity and they are showing last yield for 11/30. is there an updated "12/21" location? I am sure you are correct, i just want to know why i cant find it or i prefer the source of truth.

https://www.nasdaq.com/market-activity/funds-and-etfs/fzdxx

4.16

https://fundresearch.fidelity.com/mutual-funds/summary/31617H805

7-Day Yield 4

3.82%

11/30/2022

7-Day Yield Without Reductions 5

3.73%

11/30/2022

See attached - from Fidelity website just now.

Use the link I previously provided:
https://tinyurl.com/2y2mdrzk

 

[Dash man]

audrey, where are you seeing that? I looked at fidelity and they are showing last yield for 11/30. is there an updated "12/21" location? I am sure you are correct, i just want to know why i cant find it or i prefer the source of truth.



https://www.nasdaq.com/market-activity/funds-and-etfs/fzdxx



4.16



https://fundresearch.fidelity.com/mutual-funds/summary/31617H805



7-Day Yield 4



3.82%



11/30/2022



7-Day Yield Without Reductions 5



3.73%



11/30/2022

I just found this 4.25%

 

[audreyh1]

All of these sure do "help" to offset the 7 to 8% inflation rate... Hate to be a Debbie Downer.

But I do agree, it sure beats doing nothing!

The inflation rate is against everything except IBonds and TIPS so it doesn’t matter. You do the best you can and hope inflation keeps coming down.

 

[lordjust]

I just found this 4.25%
View attachment 44464

thanks everyone.. i found what dash man found as well.. just took a little digging (very little )... it wasnt super important i just couldnt figure out why i didnt see it.

 

[audreyh1]

See attached - from Fidelity website just now.

Use the link I previously provided:
https://tinyurl.com/2y2mdrzk

Thanks. I see that it was 4.26%.

 

[njhowie]

Thanks. I see that it was 4.26%.

You were right...4.26% is "like 4.27%"

 

[Chuckanut]

SNOXX is 3.98%.

Not bad for a fund that uses Treasury securities for 80% of its investments.

 

[Another Reader]

SNOXX is 3.98%.

Not bad for a fund that uses Treasury securities for 80% of its investments.

Most of these so called treasury funds use instruments like repurchase agreements to juice their yields. At this point, among the big three, only Fidelity has a treasury fund that does not use these tactics, FDLXX. Even Vanguard abandoned the pure treasury fund - VUSXX in longer a pure treasury fund. The yield is lower on FDLXX than on other "treasury" funds, but the fund has less risk attached.

 

[Chuckanut]

Most of these so called treasury funds use instruments like repurchase agreements to juice their yields. At this point, among the big three, only Fidelity has a treasury fund that does not use these tactics, FDLXX. Even Vanguard abandoned the pure treasury fund - VUSXX in longer a pure treasury fund. The yield is lower on FDLXX than on other "treasury" funds, but the fund has less risk attached.

I take it SNSXX is Schwab's purest form of a nearly 100% treasury bill/note/bond MM fund.