Seems Like CD Rates ARE creeping up.

[ShokWaveRider]

Here is PenFed's Latest. 12 Month for 2.15 seems pretty reasonable.

https://www.penfed.org/accounts/mon...MI-5HikO7p2gIVQTuBCh2oKwu3EAAYASAAEgIQ5vD_BwE

 

[Dtail]

Here is PenFed's Latest. 12 Month for 2.15 seems pretty reasonable.

https://www.penfed.org/accounts/mon...MI-5HikO7p2gIVQTuBCh2oKwu3EAAYASAAEgIQ5vD_BwE

I think the 1 yr quote is 2.10. Fidelity has 1 yr new issues for 2.15.
Relating back to your other thread, I think the PenFed 5 yr of 3% from 5 years ago was an unusual circumstance that many on this site jumped on. Others can comment.
Edit - I see you now stated you are one of the PenFed holders. Okay so you know......
I think that PenFed's current rates are not that unusual.

 

[jazz4cash]

To me, this is much faster than a creep. I started another thread about taking the EWP hit on a 3 yr CD I bought just 10 months ago. This reinforced the value of having a modest EWP for me.

 

[copyright1997reloaded]

Just follow this site: https://www.depositaccounts.com/blog/

Yes, rates are moving up.

 

[jebmke]

Sweet spot seems to be 2-3 years. Yield curve flattens out quickly once you get to 5 and the payoff from 10-30 is almost nothing.

 

[Dtail]

Sweet spot seems to be 2-3 years. Yield curve flattens out quickly once you get to 5 and the payoff from 10-30 is almost nothing.

+1
One would hope for a minimum]of 20 bps extra per year.

 

[jazz4cash]

Sweet spot seems to be 2-3 years. Yield curve flattens out quickly once you get to 5 and the payoff from 10-30 is almost nothing.

+2

 

[njhowie]

For folks who are buying new issue CDs through their broker, if you have free time during the day, consider skimming through the secondary market offerings - on Friday I was able to get 3% for (exactly) 3 years through Fidelity, even after the $1/CD commission.

 

[jetpack]

Even the money market settlement fund is giving a better yield now! 1.59% for vanguard's fed money.

 

[Fleur58]

Is it better to find a CD that pays monthly interest?

 

[ShokWaveRider]

Is it better to find a CD that pays monthly interest?

I think most do. Not sure about brokered, but regular CDs do. I have the interest put into an account monthly. Of course it is not compounded that way.

 

[Dtail]

Using Fidelity brokered CD's as an example, the interest payments are a mix of monthly and semi-annual in the 2-3 year range.

 

[jazz4cash]

If you don't need to use the dividends it doesn't matter much but be sure to compare apy and not just the interest rate.

 

[audreyh1]

Is it better to find a CD that pays monthly interest?

I don’t care about that.

 

[Totoro]

None here in the Netherlands & Belgium do, all do it yearly.

 

[Henry Lili]

CDs at Schwab are yielding 3.2% for 5 years and, I think, 2.9% or 2.7 for 3 years.

 

[ShokWaveRider]

Brokered? Or New Issue?

 

[Henry Lili]

New issue. Several pay semi annually and a couple monthly.

 

[foxfirev5]

It appears to me that a great majority are buying CD's in the 2 year range. Personally I'm keeping to my 5 year ladder approach. With current, better , core yields it really doesn't matter what payout schedule is used.
Keep in mind that the Fed may be using current increases as a hedge against future downturns. Who knows?

 

[GrayHare]

It appears to me that a great majority are buying CD's in the 2 year range. Personally I'm keeping to my 5 year ladder approach. With current, better , core yields it really doesn't matter what payout schedule is used.
Keep in mind that the Fed may be using current increases as a hedge against future downturns. Who knows?

I've been pondering this too. Tough to stick with 5 years when it seems like rates have nowhere to go but up, OTOH that's mere guessing.

 

[brewer12345]

I stumbled across an interesting product at navy fcu. It is a 3 year adjustable CD that adjusts once a year and around the anniversary you can add funds. The rate adjusts to whatever the offered rate is at that time, but it cannot fall more than half a percent from the starting rate. Currently offering 2.54%.

 

[pb4uski]

I saw an interesting CD structure today. A 3 year CD... first year is 1.50%, second year is 2.25% and third year is 4.00%... APY was 2.62%... EWP is last 12 months .... $25k minimum.

 

[jazz4cash]

I stumbled across an interesting product at navy fcu. It is a 3 year adjustable CD that adjusts once a year and around the anniversary you can add funds. The rate adjusts to whatever the offered rate is at that time, but it cannot fall more than half a percent from the starting rate. Currently offering 2.54%.

That is interesting. I really like the add-on feature. I don't see it in thier list of offerings. I'm in the middle of xferring some funds to NFCU and I might use for some of the funds if I can find it. The current rate I see for a 3 yr CD is 2.3 (<100k) to 2.4 (>100k).

 

[brewer12345]

That is interesting. I really like the add-on feature. I don't see it in thier list of offerings. I'm in the middle of xferring some funds to NFCU and I might use for some of the funds if I can find it. The current rate I see for a 3 yr CD is 2.3 (<100k) to 2.4 (>100k).

If you look at the CD rates it is under the "other" tab. I had to call to get the details.

 

[jazz4cash]

Thanks, Brewer
I found it and plan to put at least $500 in it to lock in the rate and maybe add more later. I guess they don't want this offer to get to popular. I guess I'll need to check that "other" tab more frequently.