As of 6 pm EST 7/30/2024, 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: 5.20% (Flushing Bank NY), 5.15% (EverBank NA FL, Bank of East Asia Ltd NY)
6-month: 5.05% (EverBank NA FL), 5.00% (BofA, Barclays Bank DE, GSB)
9-month: 4.90% (Barclays Bank DE)
1-year: 4.80% (First Horizon Bank TN, SCHW)
18-month: 4.60% (BofA, MSB, MSPB)
2-year: 4.50% (MSB, MSPB)
3-year: 4.40% (MSB, MSPB)
4-year: 4.30% (MSB, MSPB)
5-year: 4.25% (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: For those staying liquid, expecting multiple cuts not to materialize, or only a one and done recalibration cut later this year, or waiting for the yield curve to steepen (longer rates to rise) and/or waiting for the bond vigilantes to appear, demanding higher longer rates, here are the previous seven weekly 4-week T bill auctions most recently yielding investment rate: 5.381%, 5.365%, 5.365%, 5.375%, 5.365%, 5.324%, 5.355%. Current Money Market Yields at Vanguard (VMFXX (Settlement fund) 5.29%, VUSXX 5.29%, VMRXX 5.30%). With T-bills and Treasury Money Market VUSXX, your interest income is state/local income tax free.
MSB, MSPB have a 2 1/2 -year, 4.45%, available at Vanguard.
