Best CD, MM Rates & Bank Special Deals Thread 2024 - Please post updates here

[audreyh1]

You could just put it under your mattress or in a BofA savings account.

Sure ha ha.

 

[Dtail]

My home sold and I have ~$150k in my ckg acct that I will apply to down payment of new home in 4-8 months. Should I just move the cash to my Fidelity acct in SPAXX?

Not a bad holding place for your timeframe. You can even set up a FZDXX account since your amount is >100k and the current yield is 5.15%. You don't have to keep 100k in that account, just the initial deposit must be 100k.

 

[daver]

Is the >100k opening requirement per account? I presently own FZDXX in my IRA. Can I also buy it in my brokerage account with less than 100k?

 

[Chuckanut]

FYI.

Marcus still has the 5.15% one year non callable CD available. Sadly going over the one year period knocks down the rates significantly. 18 months is almost 1/2% less. A four year CD is 1% less. 5 years is over 1% less.

 

[audreyh1]

Is the >100k opening requirement per account? I presently own FZDXX in my IRA. Can I also buy it in my brokerage account with less than 100k?

I think it’s per account but you’d have to ask someone at Fidelity to know.

I have transferred shares of FZDXX between taxable accounts no problem.

 

[target2019]

At Marcus Bank the 6-month and 12-month rates are higher than the 9.

https://www.marcus.com/us/en/savings/high-yield-cds/cd-rates

Discover Bank CD's always lagging. Not a _5_ in site! I do have two at APY 5.20% Interest Rate 5.07%, but that offer came and went very quickly.

Certificate of Deposit | High Yield CD Rates | Discover

Find a high yield CD account from Discover. Compare online CD rates and choose the best CD term to reach your financial goals. Open a CD online today.

www.discover.com

 

[Dtail]

I think it’s per account but you’d have to ask someone at Fidelity to know.

I have transferred shares of DZDXX between taxable accounts no problem.

I am not 100% sure, but also believe it is 100k for each separate account.

 

[slaternuthink]

I believe the minimum initial purchase of FZDXX is $10,000 in retirement brokerage accounts. It's buried somewhere in the prospectus fine print.
That's what I did in my Fidelity TIRA.

 

[xlf11]

Great, just confirmed with my 401k brokerage account!

 

[audreyh1]

I believe the minimum initial purchase of FZDXX is $10,000 in retirement brokerage accounts. It's buried somewhere in the prospectus fine print.
That's what I did in my Fidelity TIRA.

That is correct.

 

[Drake3287]

5%+ CD's still out there. Synchrony Bank now offering a 5.15% 13 month CD. Unfortunately my next available CD doesn't come up for renewal until September, right after the probable next rate drop.

 

[Chuckanut]

5%+ CD's still out there. Synchrony Bank now offering a 5.15% 13 month CD. Unfortunately my next available CD doesn't come up for renewal until September, right after the probable next rate drop.

Marcus also has 5% on 9 month CDs and 5.15% on one year CDs.

When I have more powder I will buy the longest CD I can that is 5% or more. If they are available.

 

[Chuckanut]

Marcus has, as of today, the 6, 9, and 12 month CDs offering at least 5%.

 

[Maximus]

So Marcus and Synchrony are still offering a 5% yield on one year cd rates. I have Schwab. Looking at their cd rates of a year or less they only have three offerings.
6 month 4.80
9 month 4.52
12 month 4.25
Why does Schwab have so few offerings at such lower rates.

 

[audreyh1]

I’m sure the banks offering CDs through brokerages are scrambling right now to adjust their offerings. This often happens when market rates suddenly change.

Direct bank CDs - they seem to be a little slower to change their offerings.

 

[Another Reader]

At Marcus Bank the 6-month and 12-month rates are higher than the 9.

https://www.marcus.com/us/en/savings/high-yield-cds/cd-rates

And I just opened a 12 month CD. I haven't seen anyone else with that high a rate for a one year term.

 

[Another Reader]

And a 13 month CD at Synchrony at 5.15 percent. Odd that Marcus and Synchrony have higher rates on their longer duration CD's.

 

[Another Reader]

If you can deal with the outdated systems at Bask Bank, they have 5.30 CDs for 6 and 9 months and 5.25 for 3 and 12 months.

 

[audreyh1]

And a 13 month CD at Synchrony at 5.15 percent. Odd that Marcus and Synchrony have higher rates on their longer duration CD's.

This is just temporary I expect. They move around rates a lot.

 

[teej1985]

SecurityPlus FCU still has a 12 month 5% APY.

Share Certificates - Baltimore Maryland

At Security Plus Federal Credit Union we provide 3 months- 5 years certificates or IRA accounts with competitive earnings.

www.securityplusfcu.org

 

[Montecfo]

Hi All,

I'm always cautious - so, please comment?

I opened an account with NASA FCU with $5 last year.

They have a CDs with good rates ... 5.7% for 9 months, 5.45 for 15 months, 4.75 49 months.

Anything wrong with using this institution? Anyone have experience with them?

Thanks!

No issues. They are great. I find they often have good rates. I'm a member.

 

[Car-Guy]

I was ready to buy another CD this morning but Schwab is having log-on problems again.

 

[Montecfo]

CFG Bank still at 5.25% on MM. Not sure how long that lasts.

 

[MarieIG]

I was ready to buy another CD this morning but Schwab is having log-on problems again.

Yes, Vanguard too.

 

[Car-Guy]

Yes, Vanguard too.

That doesn't sound good! Cyber Attack or another Crowdstrike "problem" or just too many people trying to log-on to sell.??