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Calculator To Compare Rates Of Brokered CD Vs. Bank CD Vs. U.S. Treasury

Softwareman22
  |     |   3 posts since 2023

I understand the pros and cons of all these fixed investment products. However, does someone know of a calculator that lets one compare rates from all three at the same time in order to determine which rate is best. The calculator would need to incorporate the inherent benefits of each of these products. For instance, it would have to factor in compound interest for a bank CD, but not for a brokered CD (whose interest would earn a different rate), and no state tax for U.S. Treasuries, etc.. I should end up showing you what the net-net yield of each product would be at the end of the term so one could see which product would actually earn the most.

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enduser
  |     |   711 posts since 2015
Buying CD in a Brokerage Account vs Bank CD or Treasury
https://thefinancebuff.com/brokered-cd-vs-direct-cd-vs-treasury-worth-it.html
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12
enduser
  |     |   711 posts since 2015
3 Simple Reasons to Never Ever Buy a Brokered Certificate of Deposit - 2024

https://www.bestcashcow.com/3-simple-reasons-to-never-ever-buy-a-brokered-cd.html
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7
enduser
  |     |   711 posts since 2015
Moved post. See prior post titled:

3 Simple Reasons to Never Ever Buy a Brokered Certificate of Deposit - 2024
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8
w00d00w
  |     |   360 posts since 2012
in answer to the original question, i haven't found a calculator that allows after-tax yield comparison of all 3 deposit types you mentioned. seems like it could be done in a spreadsheet, but as mentioned in comments above, would need to make assumptions that might be inaccurate about re-investment rates on both most brokered CDs and treasury bonds/notes (excluding treasury bills and zeros). the cleanest comparison would be among short-term direct CDs, Tbills, and short-term brokered CDs that pay interest only at maturity.
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