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Highest Brokered CD Rates As Of 5/21/2024

Kirkland
  |     |   377 posts since 2014

As of 3:15 pm EST 5/21/2024, here are the highest rates available at either Charles Schwab brokerage and/or Vanguard brokerage for non-callable, new-issue brokered CDs with terms of 3-month, 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year:

3-month: 5.40% (Independent Bank TX, Merchants Bank of Indiana IN, Umpqua Bank OR)

6-month: 5.35% (Old National Bank IN, Merrick Bank UT- monthly, Valley National Bank NJ, Zions Bancorporation NA UT)

9-month: 5.35% (WF, Zions Bancorporation NA UT)

1-year: 5.30% (BofA, WF)

18-month: 5.20% (MSB, MSPB, WF)

2-year: 5.05% (MSB, MSPB), 5.00% (BofA, WF)

3-year: 4.90% (MSB, MSPB), 4.85% (WF)

4-year: 4.75% (MSB, MSPB)

5-year: 4.65% (MSB, MSPB)

Large issuers abbreviations:

BofA => Bank of America, NC; GSB => Goldman Sachs Bank USA, NY;

MSB => Morgan Stanley Bank, UT; MSPB => Morgan Stanley Private Bank, NY;

SCHW => Charles Schwab Bank, TX; UBS => UBS Bank USA, UT; WF=> Wells Fargo Bank, SD.

Note: Wells Fargo Bank pays monthly coupons on 18-month, 2-year, and 3-year.

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20


jbridge
  |     |   42 posts since 2024
Using Ken's abbreviations from the now defunct Liquid Summary is a nice touch.
Reply
6
Sanger
  |     |   321 posts since 2022
Thank You for that Kirkland
Reply
10
bobert456
  |     |   187 posts since 2022
GOOD POST - thanks. For those of you that have not yet purchased CDs at a broker, .... take care that some CDs shown at the broker may be callable. Look for that designation. I have accidentally used some broker CDs from Morgan Stanley which have been called (shame on me), and many many of the large BANKS are prone to have callable CDs with attractive yields. But get ready for them to get called and then you are subject to prevailing rates to re-invest.
Reply
4
w00d00w
  |     |   360 posts since 2012
Morgan Stanley also offering a new issue non-callable 2.5 year for 5% at Vanguard as of May 22 AM. roughly 30 basis points above a treasury of that maturity
Reply
6


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