Advertising Disclosure
  1. Home
  2. Community
  3. Miscellaneous
  4. Latest Brokered Cds Update - Week Of March 20Th, 2023

Latest Brokered Cds Update - Week Of March 20Th, 2023

OrderlyChaos
  |     |   30 posts since 2018

Bank of Hope, CA - 5.5% Non-Callable - Maturity 7/1/2024. At Schwab 03/22/2023 as of 5:50PM EST. CUSIP 062683HK6

  Post a comment
5


NFO
  |     |   66 posts since 2022
Bank of Hope...lol.

Brokered rates are softening again on the longer end.
Reply
2
lou
  |     |   1,004 posts since 2010
********
Reply
1
Kirkland
  |     |   377 posts since 2014
TD Ameritrade must be skimming before they hand over accounts to Schwab. Bank of Hope, CA non callable 15 month brokered cd with maturity of 7/1/24 coupon is offered at 5.45% on TD Ameritrade. Q is 24,455.

Bank of Hope uninverts the yield curve with their offerings.
Reply
4
sams1985
  |     |   781 posts since 2022
City National bank 5% 60 month non-callable. Fidelity CUSIP DSN3N4774 19,500 available.
Reply
3
Kirkland
  |     |   377 posts since 2014
Don't see that City National 5 year on TD Ameritrade. Is that Florida?
Reply
1
John19
  |     |   397 posts since 2022
Had to look that up on Fidelity Guest Access it's not on Schwab either. Ouch, good rate but the bank looks like the ones that have been failing recently. I wouldn't want my money there.
Reply
2
OrderlyChaos
  |     |   30 posts since 2018
Thanks, Sams. I see it on Fidelity, but currently not on Schwab either. I got myself some - but being careful these days - it is a Regional CA bank and some of their stats on DA do not look that good (at least as of Q2, 2022). With this rate for 5 years, currently, I am sure they are trying to cover their deposit hole. Staying under the FDIC limit. :) They seem to be going fast, obviously...
Reply
1
sams1985
  |     |   781 posts since 2022
Yes only picking up $50k. Not taking any chances here. Seems too good to be true right now. 
Reply
2
RichardW
  |     |   821 posts since 2019
At 7:45 PM ET tonight, the City National Bank, 5-year @ 5.00%, new issue, non-callable, brokered CD offered at Fidelity experienced a chemical reaction and was transformed into a rare element recently identified by scientists as unobtainium.
Reply
9
sams1985
  |     |   781 posts since 2022
Random question just out of curiosity - if you have a brokered CD and want to sell it on the secondary market, do you have to sell the entire CD or can you sell a portion ?
Reply
3
lou
  |     |   1,004 posts since 2010
Yes, but you might not get as good a price if you're selling a small amount.
Reply
2
DMC
  |     |   46 posts since 2023
lou, just curious, in your experience generally speaking what would you consider a "small amount" that would result in poor liquidity/wide spreads on the secondary CD market?
Reply
2
w00d00w
  |     |   360 posts since 2012
i agree. can sell any portion of brokered CD, in the same 1K increments as purchased, on secondary market. my observation has been that small lots 10K are the ones most likely to have wider yield spreads
Reply
2
Kirkland
  |     |   377 posts since 2014
10,000 Q is now available on TD Ameritrade of City National Bank (CA) 5% 5 year new issue, non callable, brokered CD, semi-annual payments, settlement date 3/31
Reply
3
Kirkland
  |     |   377 posts since 2014
3000 Q is available on TD Ameritrade of Celtic Bank (UT) 4.75%, 5 year new issue, non callable, brokered CD, monthly payments, settlement date 3/30

Celtic has a health rating here of F for deposit growth, but A+ for capitalization
Reply
1
Kirkland
  |     |   377 posts since 2014
City National Bank (CA) has a health rating here of A+ for deposit growth, but a C- for capitalization
Reply
2
GH1
  |     |   1,058 posts since 2017
City national is a good bank going back many years in California. When the actors needed money and other banks refused. Cnb stepped in. Now they have huge support from Hollywood scene. I have no problems owning there cds
Reply
4
Kirkland
  |     |   377 posts since 2014
At TD Ameritrade, I think Celtic pulled them because no one was buying. City had 2000 Q remaining at 4 pm
Reply
2


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.