CD Deals Summary
Latest Liquid Bank Account Rates
Fed Holds Rates Steady For Second Straight Meeting - Strategies for Savers
New November Savings Bonds Rates - I Bond Fixed Rate Rises to 1.30%CD Deals Summary
With cooling inflation numbers, the odds have fallen to near zero for any additional Fed rate hikes, while the odds of Fed rate cuts in 2024 have risen. According to the Fed Funds futures (via the CME FedWatch Tool), the odds are over 60% for a rate cut by the Fed’s March 19-20 meeting.
These falling rate expectations have impacted Treasury yields. Since October, long-term Treasury yields have fallen. The yields of the 10-year and 5-year notes have fallen from 4.98% and 4.95% on October 19th to 4.18% and 4.14% at yesterday’s market close.
Brokered CD rates started to be impacted in November. By the end of November, there were no longer any 5% rates for non-callable long-term CDs. Today, the highest non-callable 5-year brokered CD rate is only 4.45%.
In the last two weeks, these rate pressures have started to impact direct CDs. Most notable is the rate cuts this week at BMO Alto. Its.5-year CD APY fell from 5.25% to 4.90%, and its 4-year CD APY fell from 5.20% to 4.90%.
Other institutions that have lowered their long-term CD rates in the last two weeks include Bread Financial (5-year: 4.75% → 4.50% APY), M.Y. Safra Bank (5-year: 4.80% → 4.70% APY), Self Help Credit Union (5-year: 4.86% → 4.29% APY), Luana Savings Bank (3-year: 5.47% → 5.32% APY), and Newtek Bank (2-year: 5.60% → 5.25% APY).
Long-term direct CD rates from the well-established online banks haven’t yet been impacted by this trend. Their 5-year CD rates have been mostly static. This can be seen in the Online 5-year CD Index. Last month, this Index had no change, remaining at 3.98%. The Online CD Indexes track the average yields of online CDs at ten well-established online banks.
Even short-term rates have been falling. The 1-year and 6-month Treasury bill yields have fallen from 5.48% and 5.60% on October 17th to 5.06% and 5.37% at yesterday’s market close.
The top 1-year non-callable brokered CD rate has fallen from 5.50% on October 25 to 5.25% today.
The lower short-term rates are just starting to have an impact on direct CDs. On October 25, there were five institutions offering nationally-available 1-year CDs with APYs of at least 5.80%. Today, there’s only one.
Banks that have lowered their 1-year CD rates in the last two weeks include Limelight Bank (5.75% → 5.50% APY), Bread Financial (5.60% → 5.55% APY), and Rising Bank (5.35% → 5.25% APY).
Even though a few institutions have been cutting their short-term CD rates, a few have been raising their rates. In addition, short-term CD Specials continue to be common at both banks and credit unions.
Five major online banks that have recently increased their short-term CD rates include Synchrony Bank (14-month: 5.25% → 5.65% APY), Sallie Mae Bank (15-month: 5.30% → 5.55% APY), Capital One (1-year: 5.00% → 5.25% APY), American Express National Bank (11-month: 5.00% → 5.25% APY), and Ally Bank (1-year: 5.00% → 5.10% APY).
Two well-known credit unions have also increased their short-term CD rates for December. Navy Federal Credit Union increased its 1-year CD rates by 10 bps (1-year rates are now 5.00% APY for under $100k and 5.05% APY for $100k+). NASA Federal Credit Union’s 15-month CD Special rate increased 35 bps to 5.45% APY, and its 9-month CD Special rate increased 40 bps to 5.70% APY.
In November, rising short-term direct CD rates were more common than falling rates. This can be seen in the Online 1-year CD Index. Last month, this Index increased 3.5 bps to 5.32% APY. The Online CD Indexes track the average yields of online CDs at ten well-established online banks.
If Fed rate cuts for 2024 continue to look more likely, we’ll probably see more short-term CD rate cuts in the next month. That will likely also continue to put downward pressure on long-term CD rates. Long-term CD rates could be impacted by other factors besides the Fed (such as the growing federal deficits and rising government debt issuance). That could reverse the downward rate pressure on long-term CDs, but I wouldn’t be surprised if 5% long-term CDs disappear for some time to come.
If you want to hedge your bets, it’s time to move at least some of your cash out of savings accounts and into CDs. Buying some 5%+ long-term CDs now seems like a reasonable plan before they disappear completely. Of course, with most CD ladders, you are regularly buying long-term CDs to maintain your ladder. That will automatically ensure that you’ll be buying some long-term CDs before rates fall.
Noteworthy CD rate changes from the last two weeks are included below (All percentages are APYs).
I’ve separated them into three groups: 1) the major online banks, 2) the less well known banks, and 3) the credit unions with easy membership requirements.
Major online banks:
- Synchrony Bank (14m 5.25% → 5.65%)
- Sallie Mae Bank (2y 4.65% → 5.25%, 15m 5.30% → 5.55%, 1y 5.25% → 5.50%)
- BMO Alto (5y 5.25% → 4.90%, 3y 5.10% → 5.00%, 2y 5.00% → 5.25%)
- Capital One (1y 5.00% → 5.25%, 6m 4.30% → 4.35%)
- American Express National Bank (11m 5.00% → 5.25%)
- Ally Bank (1y 5.00% → 5.10%, 6m 3.50% → 5.00%)
Less well known banks:
- Finworth (18m 5.65% → 5.60%)
- Limelight Bank (18m 5.60% → 5.35%, 1y 5.75% → 5.50%)
- Bread Financial (5y 4.75% → 4.50%, 2y 5.25% → 5.00%, 1y 5.60% → 5.55%)
- Luana Savings Bank (3y 5.47% → 5.32%, 2y 5.68% → 5.52%, 17m 5.68% → 5.53%)
- Crescent Bank (5y 4.60% → 4.70%, 2y 5.35% → 5.40%, 1y 5.35% → 5.50%)
- Rising Bank (2y Jbo 5.05% → 4.95%, 1y 5.35% → 5.25%)
- Newtek Bank (2y 5.60% → 5.25%, 18m 5.55% → 5.20%)
- Merrick Bank (3y 4.90% → 4.85%, 2y 5.10% → 5.05%, 3m 5.15% → 5.50%)
- The Federal Savings Bank (5y promo 1.50% → 5.12%)
- M.Y. Safra Bank (5y 4.80% → 4.70%)
Credit unions that have easy membership requirements:
- NASA FCU (Spc 49m 4.65% → 4.75%, 15m 5.10% → 5.45%, 9m 5.30% → 5.70%)
- All In CU ($100k+ 18m 5.75% → 5.80%, 1y 5.75% → 5.64%)
- Credit Human (12-17m 5.60% → 5.50%, 1y Liq 5.30% → 5.20%)
- Digital FCU (12-23m Jbo 4.71% → 5.39%)
- BluPeak CU (Spc 1y 5.50% → 5.10%, 9m 5.75% → 5.25%)
- USALLIANCE Financial (18m Spc 5.75% → 5.20%)
- Connexus CU (Jbo 2y 5.26% → 4.86%, 17m 5.56% → 5.26%)
- Navy FCU ($100k+ 1y 4.95% → 5.05%)
- Self Help CU (5y 4.86% → 4.29%, 3y 4.86% → 4.29%, 1y 4.81% → 4.71%)
Brokered CD Rates
All of the following rates are based on non-callable, new-issue brokered CDs that were observed this morning at Fidelity and Vanguard.
Brokered CD rates continue to follow Treasury yields down. The top brokered CD rates of all terms above three months had rate declines in the last two weeks. The top 2-year CD rate had the largest drop, falling 20 bps to 4.85%. Not far behind were the 3-year and 4-year CDs. Top rates for those fell 15 bps to 4.65% and 4.55%, respectively.
Wells Fargo had been one of the rate leaders in previous weeks. Four weeks ago, it had issued top rates for 5-years (5.05%), 4-years (5.05%), and 2-years (5.30%). Today, it was on top at both brokerage firms for the 5-, 4- and 3-year terms, but the rates were much lower (4.45%, 4.55%, and 4.65%, respectively).
Today, the 3-month term had the highest rate of all terms (5.40%). The 3-month term was also the only term that didn’t have a rate reduction from two weeks ago.
Direct CD Rates and Deals
Only one nationally-available 6% CD remains. It’s the 12-month Share Certificate Special at Bayer Heritage Federal Credit Union. It has a 6.18% APY, with a maximum deposit of $100k. This had been scheduled to end on November 30th, but it was extended to December 15th. For those who want to invest more than $100k, Bayer Heritage is also the 1-year rate leader for large deposits. It continues to offer special rates on its 1-year Jumbo CD (5.81% APY, $500k minimum; 5.76% APY, $250k minimum; and 5.71% APY, $100k minimum). Please refer to this Bayer Heritage CD review for more details.
For the 18-month and 2-year categories, one credit union and one bank are rate leaders.
All In Credit Union’s Jumbo CD rates are on top in both of these categories. The 18-month and 2-year Jumbo CD APYs are 5.80% and 5.54%, respectively. Minimum deposit is $100k. The APYs for a $1k minimum are just slightly lower (5.69% and 5.48%).
For small deposits, Seattle Bank is the rate leader for these two categories. Its 18-month and 2-year CD APYs are 5.80% and 5.50%, respectively. Minimum deposit is only $1k.
Due to the rate cuts at Luana Savings Bank, Workers Credit Union is now the rate leader for the 3-year category. It continues to offer a 36-month CD with a 5.50% APY. Minimum deposit is $500.
For the 4-year and 5-year categories, we now just have three credit unions and one bank that are offering nationally available CDs with APYs of at least 5%. Due to rate cuts, BMO Alto and Chartway Federal Credit Union no longer have 5%+ CDs in these categories.
The rate leader for both of these categories remains Advancial Credit Union. For a $50k minimum deposit, Advancial’s 4-year and 5-year CD APYs are 5.20% and 5.40%, respectively.
Workers Credit Union’s 5-year CD is now alone in second place with 5.25% APY for a $500 minimum deposit.
Farmers Insurance Federal Credit Union continues to offer its Flex-Term Certificate with a 5.00% APY for all of its terms, including its 4-year and 5-year terms. Minimum deposit is $1k.
The only bank with a 5%+ APY is The Federal Savings Bank, which is offering a promotional 5-year CD with a 5.12% APY. Minimum deposit is $5k.
Savings and Money Market Accounts
I publish my survey of the best liquid bank account rates in a separate post. This recap focuses on CDs, but I’ll include a few of the best liquid bank account deals.
There’s a new online savings account rate leader. It’s actually a mobile savings account since it’s only available on a mobile app. It’s the savings account and jars from Milli, a division of First National Bank of Omaha (the same bank that manages FNBO Direct.) The Milli savings account and jars rate increased 25 bps to 5.50% APY.
Popular Direct Select Savings (5.40% APY) is now in second place. Ivy Bank continues to offer 5.30% APY on its High-Yield Savings Account that’s guaranteed to last through 6/30/2024.
Money Market Funds, Treasurys and TIPS
Another option for your liquid savings is a money market fund. The Vanguard Federal Money Market Fund (VMFXX) now has a 7-day SEC yield of 5.30% and a compound yield of 5.43%.
Treasury bills are a strong competitor to short-term CDs. However, the 1-year T-bill yield (5.06%) is now far below the top direct 1-year CD rates. Shorter-term T-bills have higher yields that compare more favorably to short-term CDs. Short-term T-bill yields range from 5.54% for a 1-month T-bill to 5.37% for a 6-month T-bill.
As I mentioned above, the yields of Treasury notes have been falling since late October. At Tuesday’s market close, the 2-, 3-, 5-, 7- and 10-year yields were 4.57%, 4.33%, 4.14%, 4.20%, and 4.18%. These yields are 24 to 32 bps lower than they were two weeks ago. If you live in a state with state income tax, these yields may be close to the tax equivalent yields that you can get from top CDs.
To compare after-tax equivalent yields, this Fidelity calculator is useful.
For an estimate of Treasury yields, please refer to this Treasury page.
Lastly, another option to consider is TIPS. You can see estimates of the current real yields of TIPS at this Treasury page. The real yields have fallen around 50 bps since October 25, but they remain over 2%.
Even though these real yields have fallen from their recent peaks, they’re still high relative to the last decade, and it remains a good time to build a TIPS ladder. This Tipswatch article has a great review of this strategy.
There’s now a simpler way to create a TIPS ladder. In September, BlackRock introduced defined-maturity TIPS ETFs. There are ten of these ETFs with ten different maturity dates, from October 2024 to October 2033. Their expense ratio is fairly low at 0.10%. Allan Roth has a useful review of these ETFs that describes the pros and cons of buying these instead of individual TIPS.
Note:
I wasn’t able to publish my Fed meeting preview, so feel free to touch on Fed issues in this post, but please keep the focus on deposit accounts and rates. Comments in this post that include politics may be removed.
Yields Accurate as of December 6, 2023
Under 1-Year CD Rates
| Institution | Rates | Notes |
|---|---|---|
| West Town Bank & Trust | 5.88% ($10k) 7-month CD Special | Account review |
| My eBanc | 5.77% ($100k) 6-month Jumbo Online Time Deposit | Internet bank Account review |
| TotalDirectBank | 5.76% ($25k) 6-month CD | Internet bank Account review |
| Forbright Bank | 5.75% ($1k) 9-month Online CD | Account review |
| INOVA Federal Credit Union | 5.75% ($200) 8-month CD (**NTS) | Easy membership Account review |
| Presidential Bank | 5.75% ($1k) 7-month CD Special | Account review |
| Interior Federal Credit Union | 5.75% ($100k) 7-month Jumbo Share Certificate Special | Easy membership Account review |
| NASA Federal Credit Union | 5.70% ($10k) 9-month Share Certificate Special (**NTS) | Easy membership Account review |
| AFFCU | 5.70% ($1k) 7-month Share Certificate Special | Easy membership Account review |
| Bayer Heritage Federal Credit Union | 5.65% ($500) 6-month Share Certificate | Easy membership Account review |
| SkyOne Federal Credit Union | 5.41% ($1) 12-month No Penalty CD via Raisin (**NTS) | Account review |
| Fidelity Brokered CD | 5.40% (APR) 3-month non-callable CD | Issued by FCBGA* |
| The Vanguard Group Brokered CD | 5.40% (APR) 1-3 month non-callable CD | Issued by BoC, OB&T* |
| Greenwood Credit Union | 5.37% ($1) 12-month No Penalty CD via Raisin (**NTS) | Account review |
| Technology Credit Union | 5.36% ($1) 5-month No Penalty CD via Raisin | Account review |
| Fidelity Brokered CD | 5.35% (APR) 9-month non-callable CD | Issued by SANT* |
| The Vanguard Group Brokered CD | 5.35% (APR) 7-9 month non-callable CD | Issued by BoC, BoSCA, HGIS, SBAR, SBoI* |
| Fidelity Brokered CD | 5.35% (APR) 6-month non-callable CD | Issued by BoC, BoSCA, CATH, OPEN, SBAR* |
| The Vanguard Group Brokered CD | 5.35% (APR) 4-6 month non-callable CD | Issued by BoC, BoSCA, CATH, DIME, ICBC, MRBI * |
| All In Credit Union | 5.33% ($100k). 5.27% ($1k) 9-month NP Jumbo CD | Easy membership Account review |
| GreenState Credit Union | 5.30% ($1) 12-month No Penalty CD via Raisin | Account review |
Noteworthy Local Deals - Under 1-Year CDs
| Yolo Federal Union | 6.00% ($500) 6-month CD Special | 4 Central California counties Account review |
| Complex Community Federal Credit Union | 6.00% ($500) 6-month CD Special | 13 West Texas counties Account review |
| Wildfire Credit Union | 5.75% ($500) 8-month CD Special (**NTS) | Easy membership in Michigan See review |
| EagleBank | 5.75% ($1k) 6-8 month CD | Washington D.C. metro area Account review |
| Everwise Credit Union | 5.69% ($500) 7-month CD Special (**NTS) | Northern Indiana and Southwest Michigan See review |
1-Year CD Rates
| Bayer Heritage Federal Credit Union | 6.18% ($100 min/$100k max) 12-month Share Certificate Special | Easy membership Account review |
| Bayer Heritage Federal Credit Union | 5.81% ($500k), 5.76% ($250k), 5.71% ($100k) 12-month Jumbo Share Certificate Special | Easy membership Account review |
| State Bank of India (IL) | 5.77% ($2.5k) 1-year Senior Citizens CD | Account review |
| West Town Bank & Trust | 5.77% ($10k) 11-month CD Special | Account review |
| My eBanc | 5.77% ($100k) 12-month Jumbo Online Time Deposit | Internet bank Account review |
| Dow Credit Union | 5.76% ($500) 13-month Simple CD Special | Easy membership Account review |
| Langley Federal Credit Union | 5.70% ($500) 14-month CD Special (**NTS) | Easy membership Account review |
| Finworth | 5.70% ($50k) 14-month CD | Account review |
| Northfield Bank | 5.65% ($2.5k)11-month Online CD (**NTS) | Account review |
| Consumers Credit Union | 5.65% ($100k) 10-month Jumbo CD Special (**NTS) | Easy membership Account review |
| The Vanguard Group Brokered CD | 5.25% (APR) 10-12 month non-callable CD | Issued by BoC, GSB* |
| Fidelity Brokered CD | 5.10% (APR) 1-year non-callable CD | Issued by BoSCA, FFB, SCHW* |
Noteworthy Local Deals - 1-Year CDs
| City Credit Union | 6.00% ($1k) 12-month CD | 13 Texas counties (Dallas-Ft. Worth) Account review |
| Centris Credit Union | 5.85% ($90k) 11-month Jumbo CD Special | 4 Nebraska and 1 Iowa counties See review |
| FAB&T | 5.78% ($25k) 10-month Bump Up CD Special | Arkansas See review |
| Community Credit Union | 5.75% ($1k) 13-month CD (**NTS) | Easy membership in Florida Account review |
| Arkansas Federal Credit Union | 5.75% ($1k) 13-month Certificate Special (**NTS) | Easy membership in Arkansas Account review |
18-month CD Rates
| Seattle Bank | 5.80% ($1k) 18-month CD | Account review |
| All In Credit Union | 5.80% ($100k) 18-month Jumbo CD | Easy membership Account review |
| Skyla Credit Union | 5.70% ($50k) 18-month Jumbo Senior Share Certificate | Easy membership Account review |
| My eBanc | 5.68% ($100k) 18-month Jumbo Online Time Deposit | Internet bank Account review |
| DR Bank | 5.60% ($500) 18-month Prime CD (**NTS) | Account review |
| Credit Human | 5.60% ($500) 12-17 month CD | Easy membership Account review |
| Finworth | 5.60% ($50k) 18-month CD | Account review |
| Veridian Credit Union | 5.60% ($100k) 15-month Jumbo CD Special (**NTS) | Easy membership Account review |
| Sallie Mae Bank | 5.55% ($2.5k) 15-month CD (**NTS) | Account review |
| Expedition Credit Union | 5.51% ($2.5k) 15-month CD Special (**NTS) | Easy membership Account review |
| Fidelity Brokered CD | 5.00% (APR) 18-month non-callable CD | Issued by LOB* |
| The Vanguard Group Brokered CD | 5.00% (APR) 13-18 month non-callable CD | Issued by FFAR* |
Noteworthy Local Deals - 18-Month CDs
| Associated Credit Union | 5.90% ($500) 19-month CD Promo | Easy membership in Georgia Account review |
| Family Savings Union | 5.80% ($500) 18-month CD Special (**NTS) | 13 Alabama and 16 Georgia counties Account review |
| Local Government Federal Credit Union | 5.75% ($250) 18-month CD | North Carolina local government employees/volunteers See review |
| The Mint National Bank | 5.75% ($10k) 15-month CD Special | Greater Houston metro area Account review |
| Metro Credit Union | 5.65% (no min) 18-month CD Special | 11 Massachusetts and 3 Rhode lsland counties See review |
2-Year CD Rates
| All In Credit Union | 5.54% ($100k) 24-month Jumbo CD | Easy membership Account review |
| Luana Savings Bank | 5.52% ($100k), 5.37% ($2k) 24-month CD Special | Account review |
| Seattle Bank | 5.50% ($1k) 24-month CD | Account review |
| La Capitol Federal Credit Union | 5.50% ($25k) 26-month Bump Share Certificate Special | Easy membership Account review |
| Finworth | 5.50% ($50k) 22-month CD | Account review |
| Crescent Bank | 5.40% ($1k) 24-month (**NTS) | Account review |
| MapleMark Bank | 5.40% ($25k) 24-month Special CD | Account review |
| DCU | 5.39% ($25k) 12-23 month Jumbo CD (**NTS) | Easy membership Account review |
| Chartway Federal Credit Union | 5.30% ($500) 23-month Promo Share Certificate | Easy membership See review |
| Skyla Credit Union | 5.30% ($50k) 2-year Jumbo Share Certificate | Easy membership Account review |
| Fidelity Brokered CD | 4.85% (APR) 2-year non-callable CD | Issued by CNB, WFB* |
| The Vanguard Group Brokered CD | 4.85% (APR) 2-year non-callable CD | Issued by CNB* |
Noteworthy Local Deals - 2-Year CDs
| Centris Federal Credit Union | 5.85% ($90k), 5.75% ($500) 22-month Jumbo CD Special | 4 Nebraska and 1 Iowa counties See review |
| DEXSTA Federal Credit Union | 5.64% ($1k) 24-month Certificate | 1 Maryland and 2 Delaware counties See review |
| Illinois Community Credit Union | 5.64% ($2k) 25-month CD Special | 12 NE Illinois counties See review |
| Classic Bank | 5.56% ($10k) 24-month CD Special | Central Texas See review |
| MembersFirst Credit Union | 5.50% ($1k) 24-month MembersFirst 55 Plus CD | Easy membership in Georgia See review |
| FORUM Credit Union | 5.50% ($500) 22-month CD | Most of Indiana See review |
3-Year CD Rates
| Workers Credit Union | 5.50% ($500) 36-month CD | Easy membership Account review |
| Luana Savings Bank | 5.37% ($100k), 5.22% ($2k) 30-month CD | Account review |
| United States Senate Federal Credit Union | 5.34% ($200k), 5.28% ($100k), 5.23% ($1k) 36-month Share Certificate | Easy membership Account review |
| Skyla Credit Union | 5.20% ($50k) 3-year Jumbo Share Certificate | Easy membership Account review |
| Lafayette Federal Credit Union | 5.20% ($100k), 5.10% ($500) 3-year Jumbo CD | Easy membership Account review |
| The Federal Savings Bank | 5.17% ($5k) 3-year Promotional CD (**NTS) | Account review |
| M.Y. Safra Bank | 5.05% ($500) 36-month Online CD | Account review |
| Crescent Bank | 5.05% ($1k) 30-month (**NTS) | Account review |
| BMO Alto | 5.00% (no min) 36-month Online CD | Internet bank Account review |
| Hughes Federal Credit Union | 4.97% ($99k) 36-month Jumbo CD (**NTS) | Easy membership Account review |
| The Vanguard Group Brokered CD | 4.65% (APR) 3-year non-callable CD | Issued by CNB, WFB* |
| Fidelity Brokered CD | 4.65% (APR) 3-year non-callable CD | Issued by CNB, WFB* |
Noteworthy Local Deals - 3-Year CDs
| DEXSTA Federal Credit Union | 5.90% ($1k) 36-month Certificate | 1 Maryland and 2 Delaware counties See review |
| Founders Federal Credit Union | 5.88% ($500) 36-month IRA Share Certificate | 5 South Carolina counties See review |
| Founders Federal Credit Union | 5.61% ($500) 36-month Share Certificate | 5 South Carolina counties See review |
| ACCESSbank | 5.50% ($1k) 30-month CD Special | Omaha metro area See review |
| EFCU Financial | 5.35% ($100k), 5.25% ($500) 36-month Bump Option Jumbo CD | 6 Louisiana parishes See review |
4-Year CD Rates
| Advancial | 5.20% ($50k) 4-year Jumbo Certificate | 8 Louisiana parishes, many petro-refining SEGs See review |
| Farmers Insurance Federal Credit Union | 5.00% ($1k) 48-month Flex-Term Share Certificate Special | Easy membership Account review |
| United States Senate Federal Credit Union | 4.92% ($200k), 4.86% ($100k), 4.81% ($1k) 48-month Share Certificate | Easy membership Account review |
| BMO Alto | 4.90% (no min) 48-month Online CD | Internet bank Account review |
| First National Bank of America | 4.85% ($1k) 36-57 month CD | Account review |
| Lafayette Federal Credit Union | 4.84% ($100k) 4-year Jumbo CD (**NTS) | Easy membership Account review |
| KS StateBank | 4.75% ($500) 4-year CD | Account review |
| Crescent Bank | 4.75% ($1k) 48-month (**NTS) | Account review |
| NASA Federal Credit Union | 4.75% ($10k) 49-month Share Certificate Special (**NTS) | Easy membership Account review |
| iGObanking | 4.75% ($1k) 48-month iGOCD | Internet bank Account review |
| Fidelity Brokered CD | 4.55% (APR) 4-year non-callable CD | Issued by WFB* |
| The Vanguard Group Brokered CD | 4.55% (APR) 4-year non-callable CD | Issued by WFB* |
Noteworthy Local Deals - 4-Year CDs
| DEXSTA Federal Credit Union | 5.64% ($1k) 48-month Certificate | 1 Maryland and 2 Delaware counties See review |
| Wellby | 5.39% ($1k) 48-month Bump Up Share Certificate (**NTS) | Houston and Gavelston metro areas See review |
| Grant County State Bank | 5.09% ($1k) 48-month CD | Central Indiana See review |
| Encurage Financial Network | 5.05% ($1k) 48-month Certificate | Chicagoland See review |
| Wildfire Credit Union | 5.00% ($500) 49-month CD Special | Easy membership in Michigan See review |
| MERCO Credit Union | 5.00% ($500) 6 month - 5 year Flex-Term Share Certificate | 4 Central California counties See review |
5-Year CD Rates
| Advancial | 5.40% ($50k) 5-year Jumbo Certificate | Easy membership See review |
| Workers Credit Union | 5.25% ($500) 60-month CD | Easy membership Account review |
| The Federal Savings Bank | 5.12% ($5k) 5-year Promotional CD (**NTS) | Account review |
| Farmers Insurance Federal Credit Union | 5.00% ($1k) 60-month Flex-Term Share Certificate Special | Easy membership Account review |
| United States Senate Federal Credit Union | 4.97% ($200k), 4.92% ($100k), 4.86% ($1k) 60-month Share Certificate | Easy membership Account review |
| State Bank of India (IL) | 4.94% ($2.5k) Senior Citizens 60-month CD | Account review |
| State Bank of India | 4.94% ($25k) 5-year Senior Citizen CD | Account review |
| BMO Alto | 4.90% (no min) 60-month Online CD | Internet bank Account review |
| American 1 Credit Union | 4.75% ($500) 5-year CD | Easy membership Account review |
| First National Bank of America | 4.75% ($1k) 60-month CD | Account review |
| The Vanguard Group Brokered CD | 4.45% (APR) 5-year non-callable CD | Issued by WFB* |
| Fidelity Brokered CD | 4.45% (APR) 5-year non-callable CD | Issued by WFB* |
Noteworthy Local Deals - 5-Year CDs
| Grant County State Bank | 5.46% ($1k) 60-month CD | Central Indiana See review |
| DEXSTA Federal Credit Union | 5.38% ($1k) 60-month Certificate | 1 Maryland and 2 Delaware counties See review |
| Via Credit Union | 5.35% ($10k) 60-month CD Special | 12 NE Indiana counties See review |
| Tennessee Valley Federal Credit Union | 5.09% ($1k) 60-month CD | 10 Tennessee and 7 Georgia counties See review |
| Blackhawk Community Credit Union | 5.00% ($10k) 5-year Jumbo CD | 9 Wisconsin and 4 Illinois counties See review |
Over 5-Year CD Rates
| First National Bank of America | 4.60% ($1k) 72-month CD | Account review |
| First National Bank of America | 4.55% ($1k) 84-month CD | Account review |
| Department of Commerce Federal Credit Union | 4.44% ($25k), 4.34% ($500) 60-84 Month CD | Easy membership Account review |
| Luana Savings Bank | 4.40% ($100k), 4.30% ($2k) 6-year CD | Account review |
| Luana Savings Bank | 4.37% ($100k), 4.24% ($2k) 7-year CD | Account review |
| Michigan State University Federal Credit Union | 4.35% ($100k) 7-year Jumbo Certificate | Easy membership Account review |
| Fidelity Brokered CD | 4.30% (APR) 7-year non-callable CD | Issued by 1stNBA* |
| The Vanguard Group Brokered CD | 4.30% (APR) 7-year non-callable CD | Issued by 1stNBA* |
| Northrop Grumman Federal Credit Union | 4.28% ($40k) 84-month Bonus Term CD | Easy membership See review |
| The Vanguard Group Brokered CD | 4.25% (APR) 10-year non-callable CD | Issued by 1stNBA* |
| Fidelity Brokered CD | 4.25% (APR) 10-year non-callable CD | Issued by 1stNBA* |
| KS StateBank | 4.06% ($500) 7-year CD | Account review |
| Navy Federal Credit Union | 4.05% ($100k) 4.00% ($1k) 7-year Certificate | Membership requires military connection, See review |
| INOVA Federal Credit Union | 4.00% ($200) 6-year CD | Easy membership See review |
Noteworthy Local Deals - Over 5-year CDs
| BMI Federal Credit Union | 4.75% ($5k) 61-month CD Special | 8 central Ohio counties See review |
| OnPath Federal Credit Union | 4.35% ($1k) 72-month CD | Greater New Orleans metro area See review |
| Wright-Patt Credit Union | 4.28% ($100k), 4.18% ($500) 72-month CD | 20 central Ohio counties Account review |
| APG FCU | 4.25% ($25k) 84-month Super CD | Baltimore, Cecil, Harford Counties, City of Baltimore Account review |
| Numerica Credit Union | 4.25% ($1k) 60-72 month CD (**NTS) | Washington State and Idaho Panhandle Account review |
*1stNBA (First National Bank of America), BoC (Bank of China), BoSCA (Bank of Southern California), CATH (Cathay Bank), CNB (City National Bank Los Angeles), DIME (Dime Community Bank), FCBGA (First Century Bank GA), FFAR (First Financial Bank AR), FFB (First Foundation Bank), GSB (Goldmand Sachs Bank), HGIS (Hingham Institution for Savings), ICBC (Industrial & Commercial Bank of China), LOB (Live Oak Banking Company), MRBI (Merchants Bank of Indiana), OB&T (Orange Bank & Trust), OPEN (Open Bank), SANT (Santander Bank NA), SBAR (Simmons Bank Pine Bluff), SBoI (State Bank of India), SCHW (Charles Schwab Bank), WFB (Wells Fargo Bank)
**New To Summary, as of December 6, 2023
Nationally Available Add-On CD Rates
| Institution | Rates | Notes |
|---|---|---|
| All In Credit Union | 5.59% ($25) 12-month Smart Start CD ($25) | Unlimited deposits throughout term, min $25 Account review |
| Navy Federal Credit Union | 5.30% ($50 min/$3k max) 12-month Special Easy Start CD | Unlimited deposits throughout term, checking relationship, direct deposit |
| Mountain America Credit Union | 5.25% ($5 min/$100k max) 12-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Genisys Credit Union | 5.25% ($100) 14-month Flex CD Special | Unlimited deposits throughout term ($10-$25k per day), one penalty-free withdrawal See review |
| MainStreet Bank | 5.25% ($500) 15-month No Penalty CD | Unlimited withdrawals and unlimited additional deposits |
| Credit Human | 5.20% ($5k) 12-month Liquid CD | Easy membership Account review |
| Navy Federal Credit Union | 4.95% ($50) 12-month Easy Start CD | Unlimited deposits throughout term |
| Rising Bank | 4.90% ($5k min) 18-month Rising CD | One additional deposit during term |
| Mountain America Credit Union | 4.75% ($5 min/$100k max) 24-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Mountain America Credit Union | 4.75% ($5 min/$100k max) 18-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| NASA Federal Credit Union | 4.70% ($250) 12 month Add-On Share Certificate | Maximum $2.5k additional deposits per month Account review |
| Mountain America Credit Union | 4.50% ($5 min/$100k max) 36-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| AgFed Credit Union | 4.50% ($25) 12-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| Michigan State University Federal Credit Union | 4.50% ($100k) 1-year Add-On Jumbo CD | A total of $10k in additional deposits per member |
| Navy Federal Credit Union | 4.45% ($50 min) 18-month Easy Start CD | Unlimited deposits throughout term |
| Rising Bank | 4.40% ($10k) 26-month Rising CD | One additional deposit during term |
| AgFed Credit Union | 4.30% ($25) 18-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| Michigan State University Federal Credit Union | 4.25% ($50) 1-year Add-On CD | A total of $10k in additional deposits per member) |
| Navy Federal Credit Union | 4.15% ($50 min) 24-month Easy Start CD | Unlimited deposits throughout term |
| Mountain America Credit Union | 4.20% ($5 min/$100k max) 60-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| Mountain America Credit Union | 4.20% ($5 min/$100k max) 48-month Growth CD | Unlimited deposits throughout term, min $10 automatic monthly deposit Account review |
| AgFed Credit Union | 4.10% ($25) 24-month Asset Builder Certificate | Unlimited additional deposits of any amount Account review |
| Blue Federal Credit Union | 3.55% ($1k) 30-month Expandable CD | Unlimited deposits throughout term |
| Bellco Credit Union | 3.40% ($2.5k) 30-month Smart Move CD | One-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review |
| Bellco Credit Union | 3.40% ($2.5k) 24-month Smart Move CD | One-time additional deposit of $100+, one partial withdrawal allowed, $1k min must be maintained Account review |
| Bank5 Connect | 3.30% ($500 min) 24-month Investment CD | Unlimited deposits throughout term |
| 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 |
| Heartland Credit Union (KS) | 3.03% ($500 min) 30-Month Add-On CD | Unlimited deposits ($500 min) throughout term |
| Pen Air Federal Credit Union | 2.55% ($500 min) 15-month Add-On CD | Unlimited deposits throughout term |
| Liberty Federal Credit Union (formerly Evansville Teachers Federal Credit Union) | 1.55% ($25) 1-year Save to Win Certificate | Unlimited deposits throughout term Account review |
| 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
| Securityplus Federal Credit Union | 6.00% APY ($1k/$50k) 8-month Share Certificate Special | Easy membership Account review |
| Community Resource Credit Union | 6.00% ($100) 9-month Promo CD | Eastern Harris County, Texas Account review |
| Texans Credit Union | 6.00% ($500) 7-month CD Special | 15 Texas counties (Dallas-Ft. Worth area) Account review |
| INOVA Federal Credit Union | 5.75% ($200) 10-month CD | Easy membership Account review |
| Alabama Credit Union | 5.71% ($10k) 15-month CD Special | Easy membership Account review |
| Jovia Financial Credit Union | 5.25% ($100) 40-month Certificate | Easy membership Account review |
| Chartway Federal Credit Union | 5.00% ($500) 50-month Promo Share Certificate | Easy membership Account review |
CDs Removed, Rate Too Low
| Credit Human | 5.20% ($5k) 12-month Liquid CD (2 no penalty withdrawals) | Easy membership Account review |
| All In Credit Union | 5.59% ($100k) 6-month Jumbo CD | Easy membership Account review |
| Credit Human | 5.55% ($500) 6-11 month CD | Easy membership Account review |
| BluPeak Credit Union | 5.25% ($1k) 9-month CD Special | Easy membership Account review |
| Freedom Bank | 5.15% ($1) 12-month No Penalty CD via Raisin | Account review |
| All In Credit Union | 5.64% ($100k) 12-month Jumbo CD | Easy membership Account review |
| Frontier Community Credit Union | 5.70% ($50k), 5.60% ($25k) 12-month Jumbo CD | 54 Kansas countiess See review |
| One World Bank | 5.60% ($100) 365-day CD | Dallas-Ft Worth and Houston metro areas See review |
| Luana Savings Bank | 5.53% ($5k) 17-month CD Special | Account review |
| Popular Direct | 5.50% ($10k) 18-month Popular Direct CD | Account review |
| USALLIANCE Financial | 5.20% ($500) 18-month Certificate Special | Easy membership Account review |
| First Harvest Credit Union | 5.50% ($1k) 15-month CD Special | South New Jersey Account review |
| Newtek Bank | 5.25% ($2.5k) 24-month CD | Account review |
| Vibrant Credit Union | 4.00% ($5) 23-month CD | Easy membership See review |
| DollarSavingsDirect | 5.00% ($1k) 36-month CD | Internet bank Account review |
| MySavingsDirect | 5.00% ($1k) 36-month My Term CD | Account review |
| Bread Financial | 4.50% ($1.5k) 4-year Bread Savings CD | Internet bank Account review |
| Self-Help Federal Credit Union | 4.29% ($500) 48-month CD | Account review |
| M.Y. Safra Bank | 4.70% ($500) 60-month MYSB Direct Online CD | Account review |
| Self-Help Federal Credit Union | 4.29% ($500) 60-month CD | Easy membership See review |
| Dakota Community Bank & Trust | 4.10% ($2.5k) 89-month CD Special | North Dakota See review |
I predict no Fed rate hikes in ‘24, - or if there (foolishly) are a few in spring and summer, a quick rebound in inflationary pressures, - another spike in the 10 year Treasury yield, and after some vacillation due to believing the Fed might act prematurely, long-term CD rates substantially maintaining their current levels.
Take notes on this, everyone, and congratulate me by next autumn.
I hope you’re right. Heaven forbid we go back to those shi*** rates we dealt with for so long. I was just getting used to these lovely rates and I feel like the rug is being pulled out from under us.
80% of US populous relies on credit for everyday living ran out of stimulus money.
Housing is unaffordable for new buyers because of the price and Mortgage payments and for movers who would have to trade up 3% Mortgage for 8%.
Cars, that 12+ years old on average, are unaffordable because of price and Loan Payments.
If Fed raises the rate to the applaud of Greg, it could find itself in violation of its Charter.
Fed is not a bit concerned about Greg or IGR celebrating the income on their savings.
Fed is chartered for not sending other 80% to food bank.
Unlike Greg, IGR makes no predictions... IGR naturally doesn't want to be paid 10% on Savings just to spend $10 for eggs dozen.
The COUNTRY and Fed does much better in whole with 3% Interest and $3.00 eggs...emotionally, socially and financially.
It has to be very dramatic fall of the inflation, all the way to the reversal, for Fed to cut the rate, before the stagnation sets in!
It has to be very obvious spike of the inflation for Fed to raise the rate, before the Economy is the recession assured.
For all the Oracles... how long it took Fed to reverse rates after previous Macro-Economical crisis of 2007-08?
The best outcome for Greg, IGR and DA if Economy stay strong, Labor Market stay vibrant and Fed takes a long-long pause, for that Fed is allowed to move arbitrary Inflation Target.
I think is that what Fed, voluntarily or forced will do.
As far as predicting no Fed rate hikes in 2024, I think that's close to a sure bet, but not so sure about long-term CDs rates, on average, holding their current levels. FIs have been keeping long-term rates historically low compared to the Fed rate ever since the Fed started raising rates in 2022, and have kept liquid rates historically high compared to CD rates. Obviously, the incentive has been to stay short-term, so although I hope you're right am worried about CDmanFL's rug.
"Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period."
Does this mean that if a credit union does not have enough earnings for a given dividend period, it can reduce (or eliminate) the interest rate that it pays on an outstanding term certificate for that period below the rate when you opened it? Has this ever happened? Do you have any recourse?
As with any business, when there is not enough income to service the debt, it is the insolvency.
the options available...sell holdings, take on more debt, merge, dissolve... in case of CU be taken over by NCUA.
the quote above is only there because in case of CU you are the owner and last in line to be paid.
the same would happened with Bank where the one is not the member/owner but customer/accountholder... Dividends called Interest and FDIC instead of NCUA
"An FCU may specify in advance or contract to pay a specific dividend rate on its share certificates. However, an advance agreement to pay a certain dividend rate does not eliminate the need for a formal declaration of dividends by the board of directors. Moreover, an FCU cannot honor a dividend rate promised in advanced if current income and available earnings are insufficient."
Literally, "insolvency" does not apply to Credit Unions, Banks and any other kind of the institutions with pass-through INSURED Asset.
Literally, in case of Credit Union or Bank "insolvency" means that they become administered and/or owned by NCUA and FDIC.
I'd rather stay away from this kind of sideways, pseudo-intellectual exchange before agreeing that "Literally", CU Board of Directors makes Formal Declaration every time The Divided is due to the Certificate holder.
One has to see the difference between Declaration of the Dividends to the Shareholders as Profit distribution and Dividends due to the Certificate Holder as debt obligation the moment it is due.
Literally and Relationally there is no deference between NCUA and FDIC Insurance Coverages. Terms "principal" and "interest" aren't used to describe Insured DEPOSITS. "Interest" earned, even if not yet deposited IS Insured in both cases and in both cases of NCUA and FDIC is "Backed by the full faith and credit of the U.S. government"
I'll let somebody else to do academic exploration if there are any differences in case of State-Chartered Institutions.
I'd rather be satisfied with NCUA or FDIC logo
I am sure we'll learn about different Creditors categories or the condition when the Member of Credit Union can elevate its status to Preferred, while CU Charter is explicit about uniformed and equitable Shareholding.
I am sure we'll learn about the conditions of Credit Union default, US Presidents could be used as an example while they refuse to pay the Vendors due because Vendors are not the Creditors.
We will NEVER learn how is that the Certificate holders are due "advertised" interest rate. but not the rate Contractually stipulated in Certificate.
Bond, preferred stock, depositor, shareholder, certificate holder, creditor... where are you going with all of this gibberish?
My concern is the following: Some of the credit unions that are offering the highest certificate rates have mediocre or poor Weiss financial ratings. If a bank is in financial difficulty and can't pay the contractural CD rate, it can raise capital by issuing stock or debt. In the worst case, the FDIC will take it over and give CD holders their money back. In the case of a credit union in financial difficulty, according to the truth-in-savings disclosures, the worst case for the certificate holders may not be that the NCUA takes over the credit union and gives the certificate holders their money back; the worst case may be that the credit union pays certificate holders less interest than they were promised (which would be within the credit union's contractural rights), and the certificate holders are stuck.
I was hoping that Ken could answer my questions as to whether this has ever happened in the past, and if so, do certificate holders have any recourse such as closing their certificates early without penalty.
Thats why I am not alone when it comes to staying with the same couple SOLID credit unions/banks, who have at least a 50 year history, and always offers competitive rates through each market cycle. May not be a rate leader, but very close to. Keep the account with you and your spouse under 500k, for NCUA purposes, and call it a day! Sleep easy at night.
It baffles me when people are willing to place a couple hundred grand with Igotcha Credit Union, and ToobadForyou Bank, to lock in a 5.75% CD rate, instead of the 5.25% that a reputable credit union is offering. So, for that extra .5%, you know very well strings are attached like crazy EWP penalties, horrible customer service, weird transfer rules when the CD matures, and has been open for 5 years or less. lol
So, fort all that trouble, youre gonna make an extra 30 bucks a month....yippee, enjoy a meal for 1 at your local nasty Applebees with that money. Totally worth it!! haha
I just had one mature the other day. I looked around just for diligence, and found I could have moved the money out to CustomerComesLast Credit Union, for an extra 40 bps, but instead of a 180 EWP, this place had the ULTRA silly 540 day EWP.
I mean, come on. Its obvious, these places prey on people who dont read the fine print, and are easily distracted by the BIG BIG numbers on their home page with the tiny tiny tiny asterisk next to it.
Absolutely nothing! It is alive and well!
Funny story, I had a big one renew about 2 months ago, and I forgot about it. So it renewed into the same term, which was quite low. I should have moved it from the 5 year it was in, to a 3-4 year which has the highest rates. But oh well, they are all laddered, and hopefully I catch it in 5 years when it matures again. lol
Life goes on..... interest is still being made, health is good, family is well, its never cold where I live, and oceans are the most amazing thing on planet earth! Its a good day!
Same reason why I only buy Toyota and Lexus, but still ask the salesman for the warranty period in writing. I have never utilized warranty work on a Toyota/Lexus, because well....its a Toyota, but you can bet that I want to see my 3 year/36k mile warranty in my paperwork because well.....life happens. lol
Granted, I have a sunroof leak at 1,500 miles.
For many on here, chasing that extra .5% can result in an extra income of 5-10k per year or more when you look at your entire portfolio. That’s 25-50k over 5 years(before compounding) I don’t know about you but that’ extra money will go a long way for me.
These rates are already historically dismal, why settle when a higher one is available. As long as I stay under the insurance limits, I’ll sleep just fine at night.
Just want to add- I “chased” the 5,4 60 month at Advancial credit union and the customer service blew me away despite being a smaller CU with a less than perfect health rating. On par with Fidelity private client services.
Fair enough, however, when you look at it that way, you shouldnt even be in CDs in the first place, as 10/10 advisers will laugh in your face. S&P has a 10-12% historical return, and over a very log period of time. So why do you choose CDs? Well, because its the risk you are willing to take. Just like people sticking with certain FI's is the risk they are willing to take. Just like people who invest 100% of theor income in real estate, because thats the risk they are willing to take...and so and so on.
Im sure there are basket weavers who make 10% ROI on their business.
Restaurant food will almost always look presentable and may even taste decent. The real issue is the ex-con, with the bushy beard, handling your food out of sight, after using the bathroom. lol
I know, I worked with them for years.
I'll let Ken to provide thesaurus services.
As a general definition of default or insolvency, CU can not unilaterally pay other than Certified Dividend rate...unless you continue on and quote that.
Snowflake is not water because it is H2O secured by temperature
Obligation to repay principal along with interest is not debt, because it is a Mortgage secured by Estate
Obligation to repay principal along with interest is not debt, because it is a Loan secured by Car
Obligation to repay principal along with interest is not debt, because it is a Credit secured by Person
Obligation to repay principal along with interest is not debt, because it is a Deposit secured NCUA
https://weissratings.com/en/credit-unions
Click on the magnifying glass and enter the credit union name. You may have to add the word "federal" to the name; for example, Workers Credit Union is looked up as Workers Federal Credit Union.
Quorum FCU
$1K Min $100K Min
7-Month Term Account 5.50% APY 5.60% APY (Just under Bayer 6M)
15-Month Term Account 5.50% APY 5.60% APY (Same as Veridian 15M)
https://www.quorumfcu.org/banking/savings/term-savings/
https://www.schwab.com/learn/story/fixed-income-outlook-rocky-road-bond-market
In saying "inflation is finally being brought close to desired levels", I cite today's WSJ - "Those figures are what have excited investors. Across 12 months, core PCE inflation was still around 3.5% in October. But on a three-month annualized basis, it was just 2.4%." As we know, the Fed's desired level is 2%.
Several other recent DA.com posts have contained what I've come to see as personal whines (but sadly lacking the tasty holiday cheese to complement). Or, I could be nicer and call it anecdotal evidence. Someone will complain that "the nationally posted inflation numbers don't match up with what I see in my everyday life", etc., etc. Well, whoever promised they would? Americans of different ages, incomes, wealth, health levels, vocational and avocational interests, parts of the country, religions (or lack thereof) and yes, politics - all have different spending patterns and amounts. You can purchase more "things" or "experiences" in the US than in nearly any other nation, and it's wholly unsurprising that many of these goods and services experience different rates of inflation, at different times, than do others. That's why we have the concept of national averages. It's not a conspiracy theory.
So far the big difference characterizing this rate cycle has been the massively inverted yield curves. Today the 10-year is at 4.14%, and I think it will likely fall further. If you recall, less than 2 months ago the 10-year was threatening 5%, but no longer. I'm not optimistic about long-term rates. My 84-month Andrews FCU CD finally expired a couple of weeks ago. Andrews' renewal rate offer was - wait for it - 0.30%. No, not a typo. I didn't want to plow the funds back into the market right now - I'm happy with my approximately 50-50 diversification mix. So I moved the funds to a 7-year "CD-like" MYGA version of a fixed annuity paying 6.15% APY and allowing fee-free withdrawals and even add-on deposits, with limitations. Since it's an annuity I did double my normal due diligence, but my state has decent backstop rules, and I'm familiar with most of the potential warts. The small (as I assessed it) amount of additional risk versus a long-term CD paying less was worth it.
secrecy?
Anyway, anyone wondering why the heck crypto is doing so well? Perhaps not because it's undervalued but because it's still so highly under-regulated.
Another reason why crypto is rising might be due to increasing public perception that many fiat currencies are in the first stages of decomposition due to massive, unsustainable government spending, therefore a demand for alternatives may rise.
But these are mostly guesses. In any case I've not bought crypto and don't plan to in the near future. As the saying goes that's a bridge too far.
https://www.cnbc.com/2023/10/02/ftx-customers-who-lost-fortune-are-doubling-down-on-crypto-.html
The 10 year can drop down to 4% to 4.1%. hopefully it finds a floor there and I still think it's very possible to see over 5% on the 10 year but I can't make a guarantee on it...;)
___________
the 10 year rate hit 4.1% yesterday and is bouncing this morning, now we have to see if it will hold.
When I view this website from my phone, I don’t see my name. I’ll log in from my desktop. I would think the 10 year should bounce back close to 5% because it simply makes sense for it higher than it is now. Let’s see if good sense prevails. Fingers crossed.
If we did move higher in rates and that's an if, I would be looking at 5.25% to 5.40% so not much higher than when at 5%.
The fed tapered $60 billion when I checked last night.
Of course if the economy tanks instead then all bets are off...;)