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

[njhowie]

Care to share the cusip or name of the issuer?

HSBC 40434AYQ6 paid 91.01 + 0.1 commission - someone was clearly just looking to dump them, current ask is 93 for YTM of 4.73% before commission.

I made a mistake in my YTM calculation in previous post, it's actually 5.207%. Regardless, it bests the new issue brokered non-callables by a good amount.

 

[Gotadimple]

Live Oak Bank announces an increase in rates on it's High Yield Savings accounts to 2.75% on 10/25 from 2.3% on 10/4.

12/18/24-month CDs are the sweet spot at 3.75% following by 6-month at 3%.

 

[ShokWaveRider]

Midland National Insurance Company A+ Rated 5.2% 5 Year MYGAs.

 

[disneysteve]

Midland National Insurance Company A+ Rated 5.2% 5 Year MYGAs.

What advantage, if any, is there to a MYGA vs. a government bond? I bought a 19-month agency bond today for 5.18% and the 5-year bonds are at 5.67%, so higher than the MYGA and state and local tax-free. And those rates will probably go up even more when the Fed raises the interest rate next month.

 

[ShokWaveRider]

What advantage, if any, is there to a MYGA vs. a government bond? I bought a 19-month agency bond today for 5.18% and the 5-year bonds are at 5.67%, so higher than the MYGA and state and local tax-free. And those rates will probably go up even more when the Fed raises the interest rate next month.

Only tax deferred and protected from litigation in some states.

 

[doneat54]

Bought a 12 mo. Morgan Stanley CD at 4.55% today.

 

[Earl E Retyre]

Capital One Brokered CDs available for 4.9%, 5 YR, Non-callable

 

[Gotadimple]

It's only been 7 days, and American Express has raised the interest rate on its High Yield Savings account from 2.25% announced 10/20 to 2.35% effective 10/27.

Rates on CDs up slightly across all terms, but the sweet spots remain 12/24/60 month CDs at 3.25/3.40/3.50%.

- Rita

 

[njhowie]

Bought 5.8% YTM for 6 months secondary market this morning.

 

[jim584672]

DollarSavingsDirect Savings 3.44%, 3.50% APR.

 

[Car-Guy]

Capital One Brokered CDs available for 4.9%, 5 YR, Non-callable

Yep, just noticed those were available at Schwab this morning. I suspect 5% is just days away for 5yr CD's. (Heck, you can get 4.6% for a 1yr now too) If the Fed raises rates another 75bps next week, as many are talking about, we may see 6+% by year end.

 

[John Galt III]

Still waiting for Penfed to catch up with the CD rates! They are still stuck down at 3.65% for 5 and 7 year terms.

 

[disneysteve]

Rates on CDs up slightly across all terms, but the sweet spots remain 12/24/60 month CDs at 3.25/3.40/3.50%.

On Vanguard right now:
12 month: 4.55%
24 month: 4.75%
60 month: 4.90%

 

[Earl E Retyre]

Yep, just noticed those were available at Schwab this morning. I suspect 5% is just days away for 5yr CD's. (Heck, you can get 4.6% for a 1yr now too) If the Fed raises rates another 75bps next week, as many are talking about, we may see 6+% by year end.

I hear you ... I keep nibbling at the 5 year CDs ... bought around $50k at 4.3%, 4.5%, 4.75% and now 4.9%.

I think I will keep nibbling in the 5%'s and then go all in (with my fixed income allocation) if and when we see 6%. I am hoping you are right that we will see 6%+ rate this year. I doubt we will see rates much higher than 6%.

Next week, I plan to cancel my GTE 3.5% CDs (6 mos penalty) which will give me extra cash to load into the 5% range. Then, if we see 6%, I will cancel my Andrew Credit Union 3% CDs (12 mos penalty).

I will then be set for the next 5 years anyways. Of course, in 5 years, we could be back to 3% rates.

 

[njhowie]

Just received email - Marcus now 2.5%

 

[xlf11]

Cibc 3.03%

 

[cbo111]

In my over-exuberance back in August I dropped $70K into a 33-month CD paying 3.2%. Now I am seeing Vanguard offering 3-year rates of 4.9%. I've never cashed a CD in early but it seems the prudent action to take. I think the early redemption hit will be made up quickly with the new higher rate.

 

[disneysteve]

In my over-exuberance back in August I dropped $70K into a 33-month CD paying 3.2%. Now I am seeing Vanguard offering 3-year rates of 4.9%. I've never cashed a CD in early but it seems the prudent action to take. I think the early redemption hit will be made up quickly with the new higher rate.

Use this calculator to find out:
https://www.depositaccounts.com/tools/break-cd-calculator.aspx

 

[Dash man]

Ally Update:
Your Online Savings Account rate is increasing from 2.35% to 2.50% Annual Percentage Yield (APY) on all balance tiers. Your new APY goes into effect on 11/02/2022, and will appear in your account on 11/03/2022.

 

[audreyh1]

Yep!

 

[xlf11]

Capital One 3%
Sofi Saving 3%

Juno 5% for upto $10k and 3% for $10k-$250k

 

[Graybeard]

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.

 

[stephenson]

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?

 

[audreyh1]

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?

Just go over to the CD section of the Fidelity fixed income page and see what is being offered. They do a nice job of summarizing the best rate offered across many CD durations, then you can click on the duration and see the different CDs being offered once you login.
https://fixedincome.fidelity.com/ftgw/fi/FILanding#tbcds|treasury|cd-new-issue

 

[ShokWaveRider]

Schwab SNAXX = 3.13%
SWVXX = 2.98%
SNSXX = 2.92%
SUTXX = 3.07%

Not too shabby.