Have some cash to invest and looking for the best fixed income opportunities that have little to no risk (other than inflation risk). Currently the money is in a Fidelity ETF (FDRXX) that has a current yield of 4.77%. My thought process is that it would be best to invest in medium term CDs (15-36 months) that are not callable and pay monthly interest. Picked up my first tranche of brokered CDs at 5.2%, 18 months offered by Wells Fargo. Fidelity does not provide any automated alerts to monitor CD rates, so at this point I am monitoring them daily although they can actually change on the hour. I am looking for input on the following:
1. Are there any automated tools (scripts, browser add-ons, etc.) that exist to monitor CD rates and can send alerts when certain thresholds are met?
2. What is the best website that shows the highest CD rates? It use to be Bankrate.com, but it is a shadow of its former self. I have found a new website (https://www.monitorbankrates.com/cd-rates) that shows a wide variety of financials offering CD rates, but it does not provide enough specifics of the CD offerings.
3. Lastly, there are Federal (and state) agency bonds that are currently offering close to 6% (most are callable). Is this a viable alternative to CDs that I should pursue?
Thanks for any input.
1. Are there any automated tools (scripts, browser add-ons, etc.) that exist to monitor CD rates and can send alerts when certain thresholds are met?
2. What is the best website that shows the highest CD rates? It use to be Bankrate.com, but it is a shadow of its former self. I have found a new website (https://www.monitorbankrates.com/cd-rates) that shows a wide variety of financials offering CD rates, but it does not provide enough specifics of the CD offerings.
3. Lastly, there are Federal (and state) agency bonds that are currently offering close to 6% (most are callable). Is this a viable alternative to CDs that I should pursue?
Thanks for any input.