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Highest Brokered CD Rates As Of 6/11/2024

Kirkland
  |     |   377 posts since 2014

As of 5 pm EST 6/11/2024, 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: 5.45% (Umpqua Bank OR) (Bridgewater Bank MN -monthly sold out)

6-month: 5.45% (Trustmark National Bank MS), 5.40% (First Bank of the Lake MO -monthly)

9-month: 5.40% (First Horizon Bank TN, Zions Bancorporation NA UT) (Merrick Bank UT -monthly sold out, SaviBank WA -monthly)

1-year: 5.35% (EagleBank MD -monthly) (BofA, MSB, MSPB, SCHW)

18-month: 5.20% (BofA, Bank Hapoalim BM NY, Cfsbank PA, MSB, MSPB)

2-year: 5.10% (MSB, MSPB, State Bank of India NY -sold out)

3-year: 4.95% (MSB, MSPB)

4-year: 4.80% (MSB, MSPB)

5-year: 4.70% (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.

Notes: This week the focus has been the available high short-term rates with monthly coupons. Every term from 3-month to 1-year (except 6 month) has had a bank offer the highest rate with monthly interest. Both Charles Schwab Bank and Wells Fargo Bank dropped their 1-year rate from previous week of 5.40%, to this week 5.35%. At both CS and Vanguard brokerages, all Wells Fargo Bank rate offerings were listed Friday June 7 and removed daytime Tuesday June 11.

State Bank of India NY offered a 5.10% 2-year –sold out at Vanguard, but dropped their 2-year offering rate to 5.05% at Schwab.

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14


RichardW
  |     |   821 posts since 2019
As of 11 pm EDT 6/11/2024, there were no Morgan Stanley Bank or Morgan Stanley Private Bank new issue, non-callable brokered CDs offered at Fidelity or Vanguard.
Reply
3
anonlol
  |     |   178 posts since 2016
They are refreshed on the services however they should be paying 5% as the fed rate is 5.25-5.50.

They will probably need to wait for the next banking crises in commercial realestate.
Reply
1
chipcollector
  |     |   111 posts since 2010
E*Trade has JPMorganChase brokered CD's at 5.50%
callable before end of year. Final maturity (I believe) is in 12 months
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2
jbridge
  |     |   42 posts since 2024
Best Brokered Non-Callable CDs Offered by Fidelity and Vanguard (June 12, 2024)

https://depositquest.substack.com/p/deposit-diary-daily-24
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1
RichardW
  |     |   821 posts since 2019
As of 11 pm EDT 6/12/2024, the Morgan Stanley Bank and Morgan Stanley Private Bank 5yr, 4yr, 3yr and 18mo new issue, non-callable brokered CDs are available at Fidelity with the rates listed by Kirkland in his original post. The Morgan Stanley Bank and Morgan Stanley Private Bank 2yr and 1yr new issue, non-callable brokered CDs apparently sold out earlier today at Fidelity. 

In addition, a Morgan Stanley Bank and a Morgan Stanley Private Bank 30-month new issue, non-callable brokered CD is currently available at Fidelity with a rate of 5.05%.
Reply
3


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