As of 6 pm. EST 4/29/2024, here are the highest rates available at Charles Schwab brokerage for non-callable, new-issue brokered CDs with terms of 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year:
6-month: 5.30% sold out (Citibank, NY), 5.25% (Associated Bank, WI and Old National Bank, IN)
9-month: 5.25% (Israel Discount Bank, NY)
1-year: 5.15% (Old National Bank, IN)
18-month: 5.05% (Bank of America, NC)
2-year: 5.00% sold out (Citibank, NY), 4.95% (Bank of America, NC), 4.90% (Goldman Sachs Bank USA, NY)
3-year: 4.85% sold out (MSB, MSPB)
4-year: 4.65% sold out (MSB, MSPB)
5-year: 4.55% sold out (MSB, MSPB), 4.50% (Goldman Sachs Bank USA, NY)
Issuers abbreviations: AB=>Associated Bank,(WI); BofA => Bank of America,(NC); GSB => Goldman Sachs Bank USA(NY); MSB => Morgan Stanley Bank; MSPB => Morgan Stanley Private Bank; SCHW => Charles Schwab Bank; UBS => UBS Bank USA; WF=>Wells Fargo Bank.
A reminder and suggestion…No fee to purchase new issue brokered CD’s at brokerage firms Charles Schwab, Vanguard, Fidelity. In this case it is a big advantage and convenience for all to open a brokerage account. These accounts can be entirely self-directed, saving fees.
Note: A new entrant this week into the 2 year and 5-year duration is Goldman Sachs Bank USA, NY.
