As of 5 pm EST 6/25/2024, 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% (First Horizon Bank TN, Liberty Bank CT, Mizrahi Tefahot Bank CA), (Incredible Bank WI – monthly sold out)
6-month: 5.35% (PNC Bank NA PA)
9-month: 5.35% (First National Bank of Omaha NE)
1-year: 5.25% (First National Bank of Omaha NE)
18-month: 5.10% (MSB, MSPB)
2-year: 4.95% (MSB, MSPB)
3-year: 4.80% (MSB, MSPB)
4-year: 4.65% (MSPB)
5-year: 4.55% (Customers Bank PA, 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; WF=> Wells Fargo Bank, SD.
Notes: Over 6 trillion dollars comfortably sitting in cash money markets, earning a 5%+ yield. MSB, MSPB, with settlement dates 7/3/24, listed on Charles Schwab brokerage, but not yet available on Vanguard brokerage.
