I want to take a moment to wish everyone a Happy Thanksgiving filled with good cheer and warm hearts. In keeping with the tradition of the holiday, one of the things I am truly thankful for is your continued interest, support, and - most importantly - trust.
Since we are not quite in full-holiday mode yet, I do want to share some interesting rate developments. The following is a holiday-shortened version of my standard CD rate summary.
Based on the yield changes of long-term Treasury notes and brokered CDs, we may be at or near peak CD rates. Even though the Fed is likely to hike rates a few more times, the markets are seeing an end of rate hikes around the first half of next year. The current odds point to a peak target federal funds rate of 5.00%-5.25% (125 bps above today’s level) that is reached around the middle of next year (per CME FedWatch Tool.)
With this Fed rate expectation, there is now some downward pressure on long-term yields. However, the Fed rate hikes are continuing to push up yields of Treasury bills and short-term CDs. This is causing the inversion of yield curves. The Treasury yield curve has become very inverted, with the 1-month yield (4.12%) rising far above the 10-year (3.71%) and the 30-year (3.74%) yields.
Brokered CD yields are following Treasury yields. Non-callable 3-, 4- and 5-year brokered CD rates have fallen from two weeks ago, and they’re now lower than most of the shorter-term CD rates. You can get much higher rates on long-term callable brokered CDs, but those will be of little value when rates start falling. The banks will surely be calling those CDs early if rates do fall in the next year or two.
Top long-term direct CDs that are available directly from banks and credit unions are now starting to be better deals than Treasury notes and brokered CDs. The decision of when it’s time to lock into long-term direct CDs will likely remain difficult as the Fed keeps hiking. We’ve already seen some top rates of long-term direct CDs fall in the last week or two. Examples include the 5-year CD at Merrick Bank (4.75% → 4.60% APY) and the 5-year CD at Pelican State Credit Union (4.97% → 4.34% APY). Expect more long-term CD rate cuts if the odds of a recession grows. A recession will cause loan demand to fall and force tighter lending standards. Banks will see less of a need to attract deposits, and that will put downward pressure on deposit rates.
You can see this flattening CD yield curve in the average online CD yield changes. In October, the average 5-year online CD yield increased 36 bps from 3.27% to 3.63%. The average 1-year online CD yield increased 46 bps from 3.15% to 3.61%. On November 1st, the average online 5-year CD yield exceeded the 1-year average by only 2 bps. I wouldn’t be surprised if this inverts by December.
These averages are based on the 5-year Online CD Index and 1-year Online CD Index which are the average yields of ten online CD accounts from well-established online banks.
Treasury Yields
The following shows how Treasury yields have changed in the last two weeks (from the market close of November 9th to the market close of November 23rd).
- 1-month: 3.65% → 4.12%
- 3-month: 4.29% → 4.40%
- 6-month: 4.59% → 4.67%
- 12-month: 4.75% → 4.75%
- 2-year: 4.61% → 4.46%
- 3-year: 4.49% → 4.23%
- 5-year: 4.27% → 3.88%
- 7-year: 4.20% → 3.81%
- 10-year: 4.12% → 3.71%
Yields are based on the Treasury’s Daily Treasury Par Yield Curve Rates.
One advantage of Treasurys over CDs is that Treasurys are exempt from state and local income taxes. An advantage of direct CDs over Treasurys is a fixed early withdrawal penalty rather than the risk of having to sell at a large loss if rates rise substantially.
Savers who are considering buying T-bills and would like to learn how best to buy them, this TipsWatch post offers many useful details on buying them at TreasuryDirect, and this The Finance Buff post offers many useful details on buying them from Fidelity, Vanguard or from Charles Schwab. Harry Sit of The Finance Buff just published a new post on buying T-bills and T-notes on the secondary market.
Noteworthy CD Deals and Rate Changes?
Since this is a holiday-shortened CD summary, I’m not including the CD rate changes or my standard CD and savings account overview. Please leave a comment on any CD deal or CD rate change that you think is worthy of mention.
Yields Accurate as of November 23, 2022
Under 1-Year CD Rates
| Institution | Rates | Notes |
|---|
| Andrews Federal Credit Union | 5.00% ($1k/$100k) 7-month Inflation Buster Share Certificate Special | Easy membership |
| Fidelity Brokered CD | 4.70% (APR) 9-month non-callable CD | Issued by BWB, HSTB, PNC* |
| The Vanguard Group Brokered CD | 4.70% (APR) 7-9 month non-callable CD | Issued by CNBF, FFB&T, SBoIIL, TSCB* |
| The Vanguard Group Brokered CD | 4.55% (APR) 4-6 month non-callable CD | Issued by MSB, MSPB* |
| Fidelity Brokered CD | 4.55% (APR) 6-month non-callable CD | Issued by MSB, MSPB* |
| Brilliant Bank | 4.50% ($1k) 9-month CD (**NTS) | |
| AFFCU | 4.50% ($1k) 7-month Share Certificate Special (**NTS) | Easy membership |
| Spectra Credit Union | 4.44% ($5k) 7-month Share Certificate Special (**NTS) | Easy membership |
| Merrick Bank | 4.30% ($25k) 6-month CD (**NTS) | |
| Hanscom Federal Credit Union | 4.25% ($1k) 6-11 month CD Special (**NTS) | Easy membership |
| Veridian Credit Union | 4.20% ($100k), 4.00% ($1k) 9-month Jumbo CD (**NTS) | Easy membership |
| Popular Direct | 4.15% ($10k) 6-month Popular Direct CD (**NTS) | Internet bank Account review |
| Sallie Mae Bank | 4.05% ($1) 14-month No Penalty CD via SaveBetter | Internet bank Account review |
| First Capital Bank | 4.05% ($500) 9-month CD | |
| Fidelity Brokered CD | 4.05% (APR) 3-month non-callable CD | Issued by LINK* |
| USALLIANCE Financial | 4.00% ($500) 11-month No Penalty CD | Easy membership |
| Sallie Mae Bank | 4.00% ($1) 10-month No Penalty CD via SaveBetter | Internet bank Account review |
| Bask Bank | 4.00% ($1k) 6-month CD | Internet bank Account review |
| The Vanguard Group Brokered CD | 4.00% (APR) 1-3 month non-callable CD | Issued by CNBF, FFB&T, SBoIIL, TSCB* |
| Ally Bank | 3.30% (no min) 11-month No Penalty CD | |
| CIT Bank | 3.30% ($1k) 11-month No Penalty CD | |
Noteworthy Local Deals - Under 1-Year CDs
| P1FCU | 4.32% ($500) 7-month Special Share Certificate (**NTS) | 18 Idaho and 9 Oregon counties and Washington State Account review |
| Vibe Credit Union | 4.16% ($250k), 4.11% ($100k), 4.06% ($500) 6-month CD | Michigan's Lower Peninsula Account review |
| SAFE Federal Credit Union | 4.09% ($1k) 9-month Share Certificate Special | 7 central South Carolina counties Account review |
| Freedom Credit Union | 4.08% ($500) 6-month CD | Easy membership in DC, DE, MD, NJ, PA, VA, WV Account review |
| Shell Federal Credit Union | 4.05% ($50k), 4.00% ($500) 6-Month Share Certificate | Harris County, Texas Account review |
1-Year CD Rates
| Spectra Credit Union | 4.85% ($5k) 14-month Share Certificate Special (**NTS) | Easy membership |
| The Vanguard Group Brokered CD | 4.85% (APR) 10-12 month non-callable CD | Issued by JPMC* |
| Fidelity Brokered CD | 4.75% (APR) 1-year non-callable CD | Issued by BWB, MSB, MSPB, PNC, WFB* |
| INSBANK Online | 4.65% ($2.5k) 12-month CD (**NTS) | |
| KS StateBank | 4.63% ($500) 1-year CD | |
| Merrick Bank | 4.60% ($25k) 12-month CD (**NTS) | |
| Connexus Credit Union | 4.51% ($5k) 12-month Share Certificate (**NTS) | Easy membership See review |
| Bread Financial | 4.50% ($1.5k) 1-year Bread Savings CD | |
| CFG Bank | 4.50% ($500) 12-month CD | Account review |
| American First Credit Union | 4.50% ($1k) 12-month CD via SaveBetter | Account review |
| Department of Commerce Federal Credit Union | 4.40% ($500) 12-23 Month CD | Easy membership Account review |
| Genisys Credit Union | 4.32% ($500) 13-month Certificate Special | Easy membership See review |
Noteworthy Local Deals - 1-Year CDs
| P1FCU | 4.84% ($500) 11-month Special Share Certificate (**NTS) | 18 Idaho and 9 Oregon counties and Washington State Account review |
| Midwest Regional Bank | 4.50% ($1k) 13-month Bump Up CD (**NTS) | St. Louis greater metro area Account review |
| WeStreet Credit Union | 4.50% ($100k) 13-month Jumbo CD (**NTS) | 11 Oklahoma counties Account review |
| Texas Trust Credit Union | 4.49% ($500) 13-month True Blue CD Special (**NTS) | Dallas/Ft. Worth metro area Account review |
| Vibe Credit Union | 4.42% ($250k), 4.37% ($100k), 4.32% ($500) 12-month CD | Michigan's Lower Peninsula Account review |
18-month CD Rates
| Connexus Credit Union | 4.85% ($5k) 15-month Share Certificate Special (**NTS) | Easy membership See review |
| The Vanguard Group Brokered CD | 4.90% (APR) 13-18 month non-callable CD | Issued by JPMC* |
| Fidelity Brokered CD | 4.85% (APR) 18-month non-callable CD | Issued by 1stCB&T, M&T* |
| INSBANK Online | 4.72% ($2.5k) 18-month CD (**NTS) | |
| KS StateBank | 4.68% ($100k) 18-month Jumbo CD | |
| ConnectOne Bank | 4.65% ($500) 19-month CD (**NTS) | |
| Brilliant Bank | 4.61% ($1k) 15-month CD (**NTS) | |
| CFG Bank | 4.60% ($500) 18-month CD | Account review |
| United States Senate Federal Credit Union | Expired 4.60% ($1k) 20-month Share Certificate Special | Easy membership Account review |
| Blue Federal Credit Union | 4.60% ($1) 15-month CD via SaveBetter | Easy membership Account review |
| SkyOne Federal Credit Union | 4.50% ($1) 15-month CD via SaveBetter | Account review |
| Department of Commerce Federal Credit Union | 4.40% ($500) 12-23 Month CD | Easy membership Account review |
Noteworthy Local Deals - 18-Month CDs
| Texas Trust Credit Union | 4.59% ($500) 15-month Promotional CD (**NTS) | Dallas/Ft. Worth metro area Account review |
| Bogota Savings Bank | 4.59% ($1k) 20-month CD Special (**NTS) | New Jersey See review |
| Merrimack Valley Credit Union | 4.50% ($5k) 20-month CD Special (**NTS) | 7 Massachusetts, 2 New Hampshire, and 2 Rhode Island counties See review |
| Hoosier Hills Credit Union | 4.50% ($5k) 15-month CD Special (**NTS) | 35 Indiana and 5 Kentucky counties See review |
| Energy Capital Credit Union | 4.44% ($1k) 18-month CD Special | Houston, Texas area See review |
2-Year CD Rates
| Sallie Mae Bank | 5.00% ($1) 27-month High Yield CD via SaveBetter | Account review |
| SkyOne Federal Credit Union | 5.00% ($1) 22-month Certificate via SaveBetter | Account review |
| The Vanguard Group Brokered CD | 4.95% (APR) 2-year non-callable CD | Issued by JPMC* |
| Fidelity Brokered CD | 4.90% (APR) 2-year non-callable CD | Issued by M&T* |
| Sallie Mae Bank | 4.85% ($1) 23-month High Yield CD via SaveBetter | Account review |
| KS StateBank | 4.73% ($1k) 27-month Jump Up CD | |
| American First Credit Union | 4.65% ($1) 24-month Certificate via SaveBetter | Account review |
| Merrick Bank | 4.60% ($25k) 24-month CD | (**NTS) |
| Genisys Credit Union | 4.58% ($500) 25-month Certificate Special | Easy membership See review |
| Bread Financial | 4.50% ($1.5k) 2-year Bread Savings CD | |
| Mountain America Credit Union | 4.50% ($500) 24-month Certificate | Easy membership Account review |
| Utah First Credit Union | 4.50% ($2k) 24-month Term Deposit | Easy membership See review |
Noteworthy Local Deals - 2-Year CDs
| General Electric Credit Union | 5.00% ($1k) 24-month Special CD (**NTS) | 18 Georgia counties Account review |
| General Electric Credit Union | 4.60% ($250k) 2-year Jumbo Plus Share Certificate (**NTS) | 21 Ohio, 9 Kentucky, and 5 Indiana counties Account review |
| Academy Bank | 4.58% ($500) 24-month CD (**NTS) | Major cities in Arizona, Colorado, Kansas, and Missouri Account review |
| Academy Bank | 4.58% ($500) 24-month CD (**NTS) | AL, AZ, CA, CO, GA, IL, KS, KY, MO, NY, NV, TX, VA, WA Account review |
| Idaho Central Credit Union | 4.45% ($500) 24-month CD Promo (**NTS) | Idaho and Washington State Account review |
3-Year CD Rates
| CFG Bank | 4.60% ($500) 36-month CD | Account review |
| Merrick Bank | 4.55% ($25k) 36-month CD (**NTS) | |
| Crescent Bank | 4.55% ($1k) 36-month CD (**NTS) | |
| Popular Direct | 4.55% ($10k) 36-month Popular Direct CD (**NTS) | Internet bank Account review |
| Bread Financial | 4.50% ($1.5k) 3-year Bread Savings CD | |
| Department of Commerce Federal Credit Union | 4.57% ($500) 36-47 month CD | Easy membership Account review |
| Signature Federal Credit Union | 4.50% ($500) 36-month Premium Certificate | Easy membership Account review |
| Alliant Credit Union | 4.50% ($1k) 36-47 month Share CD | Easy membership See review |
| Fidelity Brokered CD | 4.40% (APR) 3-year non-callable CD | Issued by SYN* |
| Lafayette Federal Credit Union | 4.37% ($100k), 4.22% ($500) 3-year Jumbo CD | Easy membership Account review |
| The Vanguard Group Brokered CD | 4.30% (APR) 3-year non-callable CD | Issued by FBBWI* |
| Andrews Federal Credit Union | 4.15% ($10k) 36-month Jumbo Share Certificate (**NTS) | Easy membership |
Noteworthy Local Deals - 3-Year CDs
| Space Coast Credit Union | 4.84% ($500) 33-month CD Special (**NTS) | 34 Florida counties Account review |
| The Pioneer Savings Bank | 4.75% ($25k) 3-year CD Special | Greater Cleveland (OH) metro area See review |
| 3Rivers Federal Credit Union | 4.50% ($20k) 33-month CD Special (**NTS) | 7 NE Indiana counties Account review |
| General Electric Credit Union | 4.30% (no min) 3-year Share Certificate (**NTS) | 21 Ohio, 9 Kentucky, and 5 Indiana counties Account review |
| National Bank of New York City | 4.30% ($2.5k) 36-41 month CD | NYC Tri-state area See review |
4-Year CD Rates
| Bread Financial | 4.65% ($1.5k) 4-year Bread Savings CD | |
| Merrick Bank | 4.65% ($25k) 48-month CD (**NTS) | |
| Pelican State Credit Union | 4.61% ($500) 48-month CD (**NTS) | Easy membership See review |
| Department of Commerce Federal Credit Union | 4.59% ($500) 48-59 Month CD | Easy membership Account review |
| Crescent Bank | 4.55% ($1k) 48-month CD | |
| KS StateBank | 4.47% ($500) 4-year CD | |
| Popular Direct | 4.47% ($10k) 48-month Popular Direct CD (**NTS) | Internet bank Account review |
| Lafayette Federal Credit Union | 4.47% ($100k), 4.32% ($500) 4-year Jumbo CD | Easy membership Account review |
| Alliant Credit Union | 4.25% ($1k) 36-47 month Share CD | Easy membership See review |
| Andrews Federal Credit Union | 4.20% ($10k) 48-month Jumbo Share Certificate Special (**NTS) | Easy membership |
| The Vanguard Group Brokered CD | 4.20% (APR) 4-year non-callable CD | Issued by FBBWI* |
| Fidelity Brokered CD | 4.20% (APR) 4-year non-callable CD | Issued by UNIV* |
Noteworthy Local Deals - 4-Year CDs
| Maine Savings Federal Credit Union | 5.12% ($500) 50-month CD Special (**NTS) | Easy membership in Maine See review |
| Numerica Credit Union | 5.00% ($1k) 48-59 month Share Certificate | Washington State and Idaho North Panhandle See review |
| Advancial | 4.43% ($50k) 4-year Jumbo CD | 8 Louisiana parishes and Charlotte metro area (NC) See review |
| National Bank of New York City | 4.35% ($2.5k) 48-53 month CD | NYC Tri-state area See review |
| First Federal Lakewood | 4.32% ($500) 48-month CD Special | Ohio See review |
5-Year CD Rates
| Bread Financial | 4.75% ($1.5k) 5-year Bread Savings CD | |
| Department of Commerce Federal Credit Union | 4.70% ($500) 60-Month CD | Easy membership Account review |
| State Bank of India (IL) | 4.64% ($2.5k) Senior Citizens 60-month CD | |
| CFG Bank | 4.60% ($500) 60-month CD (**NTS) | Account review |
| Merrick Bank | 4.60% ($25k) 60-month CD (**NTS) | |
| Crescent Bank | 4.60% ($1k) 60-month CD | |
| Interior Federal Credit Union | 4.60% ($100k), 4.50% ($1k) 60-month Jumbo Share Certificate | Easy membership See review |
| Lafayette Federal Credit Union | 4.58% ($100k), 4.42% ($500) 5-year Jumbo CD | Easy membership Account review |
| Michigan State University Federal Credit Union | 4.26% ($100k) 5-year Jumbo Certificate | Easy membership Account review |
| Alliant Credit Union | 4.25% ($10k) 60-month Share CD (**NTS) | Easy membership See review |
| The Vanguard Group Brokered CD | 4.20% (APR) 5-year non-callable CD | Issued by UNIV* |
| Fidelity Brokered CD | 4.20% (APR) 5-year non-callable CD | Issued by UNIV* |
Noteworthy Local Deals - 5-Year CDs
| Numerica Credit Union | 5.00% ($1k) 48-59 month Share Certificate | Washington State and Idaho North Panhandle See review |
| Advancial | 4.61% ($50k) 5-year Jumbo CD | 8 Louisiana parishes and Charlotte metro area (NC) See review |
| TruMark Financial Credit Union | 4.55% ($75k) 60-month Jumbo CD | 5 southeast Pennsylvania counties See review |
| TruMark Financial Credit Union | 4.50% ($500) 60-month CD Special | 5 southeast Pennsylvania counties See review |
| National Bank of New York City | 4.35% ($2.5k) 60-month CD | NYC Tri-state area See review |
| General Electric Credit Union | 4.35% (no min) 5-year Share Certificate (**NTS) | 21 Ohio, 9 Kentucky, and 5 Indiana counties Account review |
Over 5-Year CD Rates
Noteworthy Local Deals - Over 5-year CDs
| Diamond Credit Union | 4.06% ($100k) 60-month Jumbo Certificate | 4 southeast Pennsylvania counties Account review |
| Diamond Credit Union | 4.01% ($1k) 60-month Share Certificate | 4 southeast Pennsylvania counties Account review |
| Campus Federal | 4.00% ($1k) 72-month CD | Easy membership in Louisiana Account review |
| Randolph-Brooks Federal Credit Union | 3.97% ($1k) 84-month CD | San Antonio and Austin, Texas areas Account review |
| KEMBA Financial Credit Union | 3.80% ($500) 84-month Share Certificate | San Antonio and Austin, Texas areas Account review |
| APGFCU | 3.70% ($25k) 84-month Super CD | Baltimore, Cecil, and Harford Counties, Maryland Account review |
*1stCB&T (First-Citizens Bank and Trust Co ), BWB (Bankwell Bank), CNBF (City National Bank Miami), FBBWI (First Business Bank WI), FFB&T (First Farmers Bank & Trust Company IN), HSTB (Homestreet Bank), JPMC (JPMorgan Chase Bank), LINK (LINKBANK), Morgan Stanley Bank (MSB), Morgan Stanley Private Bank (MSPB), PNC (PNC Bank), SBoIIL (State Bank of India IL), SYN (Synchrony Bank), TSCB (TriState Capital Bank), UNIV (University Bank), WFB (Wells Fargo Bank)
**New To Summary, as of November 23, 2022
Nationally Available Add-On CD Rates
| Institution | Rates | Notes |
|---|
| Mountain America Credit Union | 4.50% ($5 min/$100k max) 24-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Navy Federal Credit Union | 4.25% ($50 min/$3k max) 12-month Special Easy Start CD | Unlimited deposits throughout term, checking relationship, direct deposit |
| Rising Bank | 4.20% ($5k min) 18-month Rising CD | One additional deposit during term |
| Liberty Federal Credit Union (formerly Evansville Teachers Federal Credit Union) | 4.05% ($25) 1-year Save to Win Certificate | Unlimited deposits throughout term Account review |
| Mountain America Credit Union | 4.00% ($5 min/$100k max) 60-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Mountain America Credit Union | 4.00% ($5 min/$100k max) 18-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Mountain America Credit Union | 3.80% ($5 min/$100k max) 48-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Navy Federal Credit Union | 3.80% ($100 min) 18-month Easy Start CD | Unlimited deposits throughout term |
| Rising Bank | 3.80% ($10k) 26-month Rising CD | One additional deposit during term |
| Mountain America Credit Union | 3.70% ($5 min/$100k max) 36-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Navy Federal Credit Union | 3.70% ($100 min) 12-month Easy Start CD | Unlimited deposits throughout term |
| Bank5 Connect | 3.30% ($500 min) 24-month Investment CD | Unlimited deposits throughout term |
| Michigan State University Federal Credit Union | 3.26% ($100k) 1-year Add-On Jumbo CD | A total of $10k in additional deposits per member |
| AgFed Credit Union | 3.25% ($25) 24-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| Bellco Credit Union | 3.15% ($2.5k) 36-month Smart Move CD | One-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review |
| Navy Federal Credit Union | 3.15% ($100 min) 24-month Easy Start CD | Unlimited deposits throughout term |
| AgFed Credit Union | 3.00% ($25) 18-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| Michigan State University Federal Credit Union | 3.00% ($50) 1-year Add-On CD | A total of $10k in additional deposits per member) |
| Blue Federal Credit Union | 3.00% ($1k) 30-month Expandable CD | Unlimited deposits throughout term |
| AgFed Credit Union | 2.90% ($25) 12-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| My Banking Direct | 2.50% ($500) 12-month CD | Unlimited additional deposits Account review |
| Credit Human | 2.15% ($5k) 12-month Liquid CD | Easy membership Account review |
| Pen Air Federal Credit Union | 1.45% ($500 min) 15-month Add-On CD | Unlimited deposits throughout term |
| Heartland Credit Union (KS) | 1.15% ($100k), 1.10% ($25k), 1.05% ($500 min) 30-Month Add-On CD | Unlimited deposits ($500 min) throughout term |
| Vibrant Credit Union | 0.80% ($100 min) 5-Year Add-On CD | Unlimited deposits throughout term |
CDs Removed Due To Low Rates Or Expired Specials
CDs Removed, No Longer Available
| Gesa Credit Union | 4.07% ($500) 7-month Certificate Special | Washington State, 10 Idaho and 12 Oregon counties Account review |
CDs Removed, Rate Too Low
| NASA Federal Credit Union | 4.00% ($10k) 9-month Share Certificate Special | Easy membership |
| Idabel National Bank | 3.90% ($1) 9-month CD via SaveBetter | Account review |
| First Internet Bank | 3.87% ($1k) 6-month CD | Account review |
| NASB | 3.82% ($5k) 7-month CD | |
| Communitywide Federal Credit Union | 3.75% ($1k) 6-month Term Share Certificate | Easy membership Account review |
| Lafayette Federal Credit Union | 3.29% ($500) 7-month Fixed CD | Easy membership Account review |
| PSECU | 3.00% ($500) 9-month CD | Easy membership Account review |
| Poppy Bank | 4.00% ($1k) 9-month CD | California Account review |
| State Bank of India (IL) | 4.43% ($2.5k) Senior Citizens 12-month CD | |
| State Bank of India | 4.42% ($25k) 12-month Senior Citizen CD | |
| Banesco USA | 4.40% ($1.5k) 12-month CD | |
| Justice Federal Credit Union | 4.25% ($100k), 4.15% ($500) 12-month Special Certificate | Easy membership Account review |
| GTE Financial | 4.13% ($500) 12-month Share Certificate | Easy membership See review |
| Abound Credit Union | 4.00% ($500) 11-month CD Speciall | Easy membership See review |
| Energy Capital Credit Union | 4.33% ($1k) 12-month CD Special | Houston, Texas area See review |
| Gesa Credit Union | 4.13% ($500) 13-month Certificate Special | Washington State, 10 Idaho and 12 Oregon counties Account review |
| Sullivan Bank | 4.11% ($1k) 13-month CD Special | Missouri See review |
| Freedom Credit Union | 4.08% ($500) 12-month CD | Easy membership in DC, DE, MD, NJ, PA, VA, WV Account review |
| Banesco USA | 4.40% ($1.5k) 18-month CD | |
| Sallie Mae Bank | 4.35% ($25k) 18-month CD | Internet bank Account review |
| Connexus Credit Union | 4.31% ($5k) 15-month Certificate Special | Easy membership Account review |
| CIT Bank | 4.25% ($1k) 18-month Term CD | |
| NASA Federal Credit Union | 4.05% ($10k) 15-month Share Certificate Special | Easy membership |
| Mid Penn Bank | 4.10% (no min) 1.5-year CD | Pennsylvania See review |
| Freedom Credit Union | 4.08% ($500) 18-month CD | Easy membership in DC, DE, MD, NJ, PA, VA, WV Account review |
| First Central Savings Bank | 4.08% ($500) 17-month In-branch CD | Long Island, Brooklyn, and Queens (New York) See review |
| Idaho Central Credit Union | 3.50% ($500) 18-month Promo CD | Idaho and Washington State Account review |
| DayMet Credit Union | 3.20% ($1k) 18-month CD | 10 southwest Ohio counties Account review |
| NASB | 4.50% ($5k) 24-month CD Special | |
| State Bank of India (IL) | 4.43% ($2.5k) Senior Citizens 24-month CD | |
| Gesa Credit Union | 4.25% ($500) 25-month Certificate Special | Washington State, 10 Idaho and 12 Oregon counties Account review |
| Park Community Credit Union | 4.25% ($500) 24-month Bump Share Certificate | 25 Kentucky and 2 Indiana counties Account review |
| Sullivan Bank | 4.22% ($1k) 25-month CD Special | Missouri See review |
| AMOCO Federal Credit Union | 4.18% ($1k) 24-month CD Special | Great Houston and Galveston area Account review |
| First Central Savings Bank | 3.56% ($500) 22-month In-branch CD | Long Island, Brooklyn, and Queens (New York) See review |
| Sallie Mae Bank | 4.50% ($2.5k) 36-month CD | | Account review |
| KS StateBank | 4.47% ($500) 3-year CD | |
| State Bank of India (IL) | 4.43% ($2.5k) Senior Citizens 36-month CD | |
| State Bank of India | 4.42% ($25k) 3-year Senior Citizen CD | |
| GTE Financial | 4.13% ($500) 36-month Share Certificate | Easy membership See review |
| Mid Penn Bank | 4.25% (no min) 3-year CD | Pennsylvania See review |
| Advancial | 4.13% ($50k) 3-year Jumbo CD | 8 Louisiana parishes and Charlotte (NC) metro area See review |
| Freedom Credit Union | 4.08% ($500) 36-month CD | Easy membership in DC, DE, MD, NJ, PA, VA, WV Account review |
| State Bank of India | 4.47% ($25k) 4-year Senior Citizen CD | |
| First Internet Bank | 4.33% ($1k) 48-month CD | Account review |
| Synchrony Bank | 4.30% (no min) 48-month CD | Internet bank Account review |
| Capital One | 4.20% (no min) 48-month 360 CD | |
| NASA Federal Credit Union | 4.10% ($10k) 49-month Share Certificate Special | Easy membership |
| Latino Credit Union | 4.05% ($200k), 3.70% ($100k) 48-month Jumbo CD | Easy membership See review |
| TruMark Financial Credit Union | 4.30% ($75k) 48-month Jumbo CD | 5 southeast Pennsylvania counties See review |
| TruMark Financial Credit Union | 4.25% ($500) 48-month CD Special | 5 southeast Pennsylvania counties See review |
| State Bank of India | 4.58% ($25k) 5-year Senior Citizen CD | |
| Sallie Mae Bank | 4.55% ($2.5k) 60-month CD | Internet bank Account review |
| GTE Financial | 4.07% ($500) 60-month Share Certificate | Easy membership See review |
| KS StateBank | 4.47% ($500) 5-year CD | |
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11/23/2022: USSFCU's 20mo CD Special ended.
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Forward Together!
Sharon907, I share your hope, but not necessarily your optimism. I would love to hear rational fact based arguments, both pro and con, as to whether long term (4+ years) CD rate peaks are now in the rear view mirror, or if a bit more patience will pay off?
https://www.youtube.com/watch?v=EbjDX6hJLh8
your apologies are always welcome.
thank you.
you are doing great. i only wish you would share some of your tricks. but i know they are valuable.
ttfn.
The irony, of course, is that these folks typically have tons of “ideological views” to express, but precious little in the way of actual boots-on-the ground logistical advice on how to deal with the various FIs that the DA.com constituency interacts with. And, to be frank, attempts to make money from.
Again … sad.
So am I, Mak, but probably for different reasons! (lol)
Now that I think of it it, it's either because high oil prices are bad for the democrats or it could possibly be because you're invested in oil stocks...I'm guessing it's the oil stocks.
Possibly a typo in the article above - I'm pretty sure ALL of the Navy FCU “Easy Start” (add-on) certificates have a $50 minimum, not $100.
Also, have a great Thanksgiving, and thanks for this website!
ewp, any suggestions
But that's also my way of saying that since I really don't know for certain what the h*ll is coming re. rates - I'm just buying what I consider “cheap” rate insurance
https://www.youtube.com/watch?v=-Qvwfy0MVJw
Oh and if you do find one just make sure it's cooked all the way. lol
https://www.youtube.com/watch?v=W7vM5QX3nA8
https://www.youtube.com/watch?v=2dyLl2ecfj8
https://4.bp.blogspot.com/-gnI-p-RAZ5I/VNE5z-mGfcI/AAAAAAAAZ1Y/GPq08SrcMlg/s1600/Georgia-Guidestones...
“A vegan diet is probably the single biggest way to reduce your impact on planet Earth, not just greenhouse gases, but global acidification, eutrophication, land use and water use,” said Joseph Poore, at the University of Oxford, UK, who led the research. “It is far bigger than cutting down on your flights or buying an electric car,” he said, as these only cut greenhouse gas emissions.
“Agriculture is a sector that spans all the multitude of environmental problems,” he said. “Really it is animal products that are responsible for so much of this. Avoiding consumption of animal products delivers far better environmental benefits than trying to purchase sustainable meat and dairy.”
The analysis also revealed a huge variability between different ways of producing the same food. For example, beef cattle raised on deforested land result in 12 times more greenhouse gases and use 50 times more land than those grazing rich natural pasture. But the comparison of beef with plant protein such as peas is stark, with even the lowest impact beef responsible for six times more greenhouse gases and 36 times more land."
"You and your orange leader are both idiots"...
Pray, what's the color of YOUR IDIOT LEADER???
As for the environment I am very pro environment and am for organic free range humane farming and very anti-pollution. I'm a camper/kayaker/hiker etc. and I am constantly picking up plastic water bottles and stupid covid masks probably tossed out by all the caring environmentalist liberals out there.
The whole climate change thing is BS and just a part of the depopulation agenda to "save the planet". All you need to do to figure this out is to expand the time frame for the global temperature changes. They only focus on a specific time period so it shows temps rising. It would be like only focusing on a stock chart when the stock price is going up and coming to the conclusion that the stock only rises and never falls. It's brainwashing and propaganda and it's sad to see so many falling for it.
As always I'm an independent thinker and never follow the crowd or group think about anything so don't be offended by anything I post or surprised if I might have a different point of view than anything you have heard before. You can't put me in a cookie cutter Republican/conservative/Trump supporter box I have my own opinion and do my own thing.
You, Deplorable_1, while I voted for your (otherwise) good messages...I thought those videos were of terrible taste. I'd love to see certain humans coming back as animals, say.....a turkey? and be chased by an indifferent (for want of a more proper name) individual with an hax raised ready to chop your head. Or WORSE, being one of many scandalously made to be born there and raised and killed at the infamous farm animal factories. Respect those of us who respect nonhuman animals because...WE ALL ARE ALSO ANIMALS. Happty Thanksgiving GoVegan! :)
….what I said was “I WISHED” that an individual WHO LAUGHS at the suffering of a nonhuman animal being tortured and murdered, did come back as one of those animals you eat (and wear, etc.) so you could actually feel in your own flesh what’s like being USED for human animals’ conveniences. I’m ending this subject and also wish you well. ??
P.S. I'm in the most part with you, politically.
https://www.amazon.com/Jeffrey-Dahmer-Cookbook-Stinky-Buckets/dp/B0BHKZFRQH
https://www.urbandictionary.com/define.php?term=Shy%20Town
The human kind that is...111
Part I of the report lays out how our food choices create the necessary conditions for zoonotic pandemics via three mutually reinforcing practices:
(1) The destruction of ecosystems and the loss of biodiversity (driven largely by animal agriculture)
(2) The use of wild animals for food
(3) The use of farmed animals for food
Analyzing each of these drivers, the report demonstrates how the risk of future zoonotic outbreaks (as well as the severity of their impacts) unavoidably increases in response to demand for meat, dairy, and eggs, and the globalization of these industries. The report strongly urges a shift toward plant-based diets in order to prevent future pandemics.
“Transforming the global food system by replacing animal-based products with plant-based and cultured alternatives provides a multiproblem solution – preventing not only future pandemics but also helping to mitigate major parallel crises such as climate change, world hunger, and antibiotics resistance.”
(1) DA, Ken, and this site, that has helped so many for so long
(2) The users on this site, as we help each other with tips and ideas (there are so many, but most recently, a shout out to SouthernGirl!)
(3) The fact that there are still places to get the news as it actually is in reality, to balance those outlets that make a fortune peddling lies, getting richer the more their viewers get agitated.
(4) The fact that my country isn't currently being invaded by a major world power right now under the guise of lies, so I still have my life, a roof over my head, heat, and food.
(5) The fact that while rates lowered over the last few years, the FIs where I had Add-On CDs did NOT go back on their word, and continued to allow Add-Ons at a decent 3% rate (GTE quickly reversed course after they first tried something like that, and another tiny local CU that offered their own 3% Add-On CD continued to allow deposits for granfathered CDs even as they stopped Add-Ons for new ones).
(6) The warmth of family and friends
(7) Random acts of kindness by strangers
Not only did they agree to honor it (with no prompting or other action from me), but they removed the $250k “cap” that the original bank had placed on the agreement. This helped me get a somewhat better return on some funds that came available in 2020 and 2021, without having to lock up those funds for longer. So in my view they went above and beyond, and I'd certainly recommend them to anyone.
https://www.fidelity.com/go/special-offer/holiday
I already have a Fidelity cash management account; opened a brokerage account a few days ago, deposited $50 and received confirmation I am eligible for the bonus.
The Space Coast Credit Union 33 month 4.84% deal is available in 34 FL counties…not 7 NE Indiana counties as posted above. Thanks!
Your diligent research and insights have helped many of us to make wiser savings and investment decisions. I wish you and your family a peaceful and joyful Thanksgiving.
The American people recently voted. Their votes viewed as an ensemble surprised me and lend credence, in my view, to sharon907's thinking:
Stated simply as I'm able, the American people appear to care less about inflation, are more tolerant of inflation, than I anticipated they would be. Again, I did not see this coming. But fact is such acceptance could easily precipitate still more, and from time to time larger, inflation.
Mind I'm not asserting the American people enjoy, welcome, or don't care at all about inflation; hardly. But apparently they care even more about other matters. And inflation, once rooted, requires laserlike focus to extinguish. Stagflation exists.
Bottom line I think the Fed's much touted 2% inflation target is a scam. It is a joke. So I throw in my lot with sharon907.
If you think the Ukraine war is inflationary, what do you think will happen when the country is literally being rebuilt? It looks like roads, utilities, and buildings, will all be rebuilt. I am sure American multi-globals are already making plans to ":help" spend the recovery money.
Perhaps China will be out of lockdown, during those same years.
Americans have shown their preference for printing paper (money) instead of encouraging thrift and hard work.
I have bought some very long-term fixed income in case reality hits. But, also staying short.
Good luck to hard-working self-sufficient people everywhere. We deserve a better government and society.
Most of you don't. Oppression is a currency.
Big words including "nobody" and "everyone," are the direct result of lazy, binary thinking.
Happy Thanksgiving to all! :)
Oncor coupon is 7.25%. But the bond is selling for $1,170. So the yield is 5%, not 7.25%. Including the attrition of the par to maturity.
Find a bond calculator. Learn a bit about bonds.
How did you focus on Oncor?
Personally, I would consider an annuity, over a bond or bond fund. It provides the diversity of a bond fund, with a guarantee by the insurance company and state associations. And they should pay a bit over bond funds, collected from annuity owner that pay fees.
Good luck to everyone.
Reading (and comprehension)
are fundamental.
The state associations are by definition state associations, because they are chartered- and enforced - by state law.
And yes, fortunately, they are privately funded. I trust the financial capability of the entirety of the insurance industry, over my state government. And certainly over a bond or bond fund, that has no guarantee whatsoever. Try to think.
The real risk is the state associations only guarantee against insolvency, that may be after a long period of rehabilitation.
Don't be embarrassed to ask more questions! Jimbo.
Anyway, these are the median yields, and the highest median yield is BBB 20-year at 5.6%
https://fixedincome.fidelity.com/ftgw/fi/FILanding#tbcurrent-yields|median-yield
Good luck everyone.
# 103
and today, when the market is open, there are literally 4 A rated bonds yielding over 7%, and they are all Credit Suisse and all have minimum purchases of $250,000.
So why believe long-term CD rates have peaked or are about to?
Because of the mere expectation that these things will occur, - expectations that may not be realized but only compulsively talked about?
Because Ken Tumin and all the other prattlers (who have been wrong so many times before and in no-wise predicted the current circumstances we are now in) say so?
What a craven and gullible group we have here, swayed this way and that by the talk machine, and likely to make poor decisions as a result thereof.
Dig back in the DA Archive and read how laughably wrong Ken was for a very, very, long time in
downplaying any worries about inflation, and unshakably convinced that post-covid Fed moves would mimic the pattern established during the financial crisis years of over a decade ago.
I see no reason to believe we have now seen the last of 5% (or higher) 5-7 year CD's. Can anyone offer a truly rational argument based on events and data that have actually transpired (rather than mere speculations about such) to expose my belief as a foolhardy one?
Especially on Thanksgiving what a low class person you are.
Ken built this site through hard work to the benefit of all of us. Insulting.
What a pathetic post, loser.
Now, about the "rational argument" in defense of believing long-term CD rates have peaked or are close to having done so, - I'm not expecting anyone able to make one.
What I said about Ken in passing (which was only an incidental part of my post) was that he was mistaken in downplaying the likelihood of inflation and about the permutations of Fed policy post-covid, - and then I suggested in response to another that he may not have been totally without self-interest in creating and building DA down through the years. "Bitter" and "gross" remarks.they certainly were not, and not even contestable points that need to be debated, - (or would anyone like me to quote Ken from the Archive, or copy and paste press clippings from when DA was sold?).
But what about my original invitation?
Can anyone (including Ken himself) make a convincing case that long-term CD rates have likely peaked?
Ken suggests that falling Treasury yields over the past week or two are all the evidence we might need, which "evidence" I find truly ludicrous from someone of his stature and erudition.
When I calculate the last three months CPI (seasonally adjusted) is 0.9%, annualized = 3.66%
Aug 0.1
Sep 0.4
Oct 0.4
How do you calculate annualized 2.34%?
https://www.bls.gov/news.release/cpi.nr0.htm
same index in November: 298.012
((298.012-296.276)/296.276)*4= 2.34%
one difference is that CPI-U is not seasonally adjusted. looking back to that same stretch of months in 2021, the annualized rate using CPI-U was 5.25%
Though, CPI-U is both unadjusted, and seasonally adjusted. It is a choice to use either set of data. Normally, adjusted data is used for periods other than a year, unadjusted data is used for yearly comparisons. There is not a right or wrong answer, it depends on what you think provides more useful data.
This is the unadjusted data that you apparently used.
https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm
the most likely evidence of lower rates, is the inverted yield curve, because it literally forecasts lower long-term rates.
the question I have is, when the economy slows down, are the politicians going to let people suffer, or start giving out more money. in addition to the pandemic relief that is still being spent through 2024.
now that we have seen inflation for two years, I am more concerned about inflation than in the past. however, it is possible the economy and inflation will slow. i previously bought long-term rates when possible, now I am keeping some short-term.
What have you done...except complain. If you 'see' no reason to believe we have seen the last of 5% CD's, do the work and present it to everyone...like Ken does.
Beyond pathetic and bitter post.
Please update Navy FCU, 24 month easy start (add-on) certificate to 3.90%, with a minimum to open of $50.00, with no cap. Thank you!
Here's the link: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
MY question is, even with all its limitations and caveats, does anyone here think it has ANY VALUE in merely trying to predict the DIRECTION of LONGER term rates, such as 5 year CD's for instance?
Today, the Fed Fund rate is 3.75 to 4% and there are quite a few 5--yr CDs at 4.5% despite the inverted yield curve. OTOH, maybe the CME is wrong and the Fed doesn't hike rates to the level they predict.
https://www.fairfieldfederal.com/FF-Savings-Rates-Certificates-Ohio.html
Thank you for your research and postings on Fairfield Federal and Regions Bank 18mth variable IRA. It is appreciated
https://www.forbes.com/sites/bill_stone/2022/11/27/have-bond-yields-peaked/?sh=2891f5b2313e
I am not a greedy person, as I locked in a 5 year at 4% a couple months ago. I dont sweat a difference of 1% or less at all. Sure, I could have waited, but big deal. I have been on the "perfect timing" end, and the "other" end. What I dont want to happen is my CD that matures in a couple months catches a sudden fall to the obama years rates of 1.5%.
Even if there is one, I would view it as a gimmick since it's a 48-59 month certificate.
https://econforecasting.com/forecast-t05y
Obviously, we must believe you can score a CD next year that's higher than 5%. We could be wrong but many of the same people were buying 3.5% CDs in July saying the same thing.
Today, I am earning 4% in a liquid fund so I am not losing a lot of money while I wait. In a few weeks this account will probably be at 4.5% after the next Fed Funds rate increase.
The bump may be great as long as they increase the rate on the 48 month CD above 5%, something they don't have to do. Interesting that there is no mention of it on their website.
Finally, we will both see if rates move above 5% for 5-yr CDs next year. I am not making wild guesses here. All I am doing is listening to Federal Reserve members who are signaling at least another 100 basis points increase in the Federal Fund rates. If they signal otherwise I will change my position on this.
Go back and read some of the comments from posters in June, July and August. They were all sure that rates wouldn't go higher than 3.5%. The fact is no one knows for sure. I will continue to pay attention to Fed commentary and will take my cues from them.
Many depositors have a number of cd's with a 180 day ewp's however it's not unusual or extreme to have a 270 day ewp for a 5 year CD.
Finally, you are timing the market waiting for a much higher rate keeping your money in 4% funds effectively losing money while that money could be working for you in higher rate cd's. If you have money to put to work and 5% CD's are available grab them..this is not early summer 2022 before Powells Fed went all in.They went all in, longer rates went up, and now longer rates are going down and will continue down even with another 2/4 50 or 25 bp hikes still to come. There is no motivation for FI's to prop up the longer rates, especially in a nose diving real estate market and softer inflation reading.
Were I you I might look into MACU's 2-year and 5-year add-on CDs (although capped) before Rising. And even AgFed for lower-end rate insurance - rates not great, but minimums low and processing very easy (since you already know about Navy). Depends of course on the amount of funds you're dealing with and appetite for risk.
At this rate, if the PCE comes in softer than expected the narrative will be that inflation is defeated once and for all.
I sure hope the PCE comes in hot tomorrow but not feeling super confident it will. We need a hot PCE tomorrow followed by a strong jobs # on Friday and then a hot CPI come mid December. If the PCE is soft tomorrow and the jobs number on Friday is light we may be in trouble hear with yields most likely already peaked IMHO.
Are you referring to a brokered CD or to a Toyota corporate bond?
you should check the difference between coupon and yield.
if four-year fixed-income is selling for 104% of par, that reduces yield by about 1% per year, as the value moves to par.
Still waiting with dry powder left for after the next rate hike. I'm 80% invested at an average rate of 4.32 with maturities from 3 yrs to 9 yrs (Celtic monthly @3.75), with 65% brokered, 35% direct. Don't regret a single purchase. What is useful to me on this site are members' actual buying decisions. Predictions about what the future has to offer, however well reasoned, are interesting but ultimately so what.