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  4. Discover Bank Follows Capital One 5Yr @ 5.00% New Issue, Non-Callable Brokered CD Available As Of 11-4-2022

Discover Bank Follows Capital One 5Yr @ 5.00% New Issue, Non-Callable Brokered CD Available As Of 11-4-2022

Vernazza
  |     |   34 posts since 2022

Brokered CD on Fidelity

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RichardW
  |     |   821 posts since 2019
I noticed that Discover Bank is now offering 5yr, new issue, non-callable brokered CDs at TD Ameritrade for the now lower interest rate of 4.90%. A quantity of 1793 was available at 12:15 PM EST today.
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sams1985
  |     |   781 posts since 2022
Well that's not a good sign...anything on Fidelity or Vanguard?
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RichardW
  |     |   821 posts since 2019
No, but Fidelity did have a Discover Bank non-callable brokered 4yr @ 4.85% for a few minutes earlier today and it sold out quickly.
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sams1985
  |     |   781 posts since 2022
It's up on vanguard as well as of 12:50PM.

Edit: sold out as of 1:10pm
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sams1985
  |     |   781 posts since 2022
I know one week is a blip and anything can happened in the coming weeks and months but my confidence has certainly been shaken. If 5% was the peak, then i'll be the first to admit that i was wrong and my analysis was off.

I should have known the Fed is a bunch of corrupt slugs. if they can reverse course and pivot on news that shows inflation is at 40 year highs, then we have no hope moving forward. We live in an era of hyper sensationalism and facts/reality get drowned out by powerful forces. I got greedy and it might bite me but very valuable lesson learned.
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Listedguru
  |     |   63 posts since 2022
The market seems to be saying the FFR peak is around 5% or so. So pretty much around 100 more bp's of hiking from here. We know we're going to get 50bps in Dec and then it seems the market is thinking (2) more .25 bps hikes Q1 of 2023. I did see that Goldman added another 25bps hike to it's projection in May of 2023 for a peak of around 5.25%.

I've been hoping we would see lots of choices at the 5% mark for 5 years (or more) and hopefully we'll still get there. Basically we should see 100 more bps of hiking if things things stay of track. But if the PCE number comes in soft on Dec 1st followed by a soft Nov CPI (in mid Dec) on both headline and core then maybe the fed does pauses after they do 50bps in Dec? I really hope not but I guess we'll see.

I kept telling myself 4.5% was my number but then things kept going and I really want that 5% and maybe we'll still see it but I really don't think we'll see something much higher - possibly at some obscure fi but probably not at the main stream banks. But hopefully I'm wrong and cd rates go higher but I too am losing some hope.
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sams1985
  |     |   781 posts since 2022
Best not to get too greedy i've learned. You always end up getting burned. If 4.5% was your number at one point, we had plenty of 4.9% 5 year non-callable today on multiple brokerage sites. We should continue to see high 4's if you want to jump in. You just need to check hourly as they sell out quickly.
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RichardW
  |     |   821 posts since 2019
Discover Bank new issue, non-callable brokered CDs, 5-year @ 4.90% and 4-year @ 4.85% were available at TD Ameritrade as of 10:30 AM EST today (11/17/2022). 2000 units ($2,000,000) sold out in less than 10 minutes of the 5-year, the 4-year is still available as of 11:00 AM EST today.
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sams1985
  |     |   781 posts since 2022
Still no love at Fidelity investments.
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GH1
  |     |   1,058 posts since 2017
City National Bank Cailifornia

3 Year non callable at 4.90 percent

Cuspid 178180GS8/ US178180GS81
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