As of 5 pm EST 10/01/2024, 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: 4.65% (Kearny Bank NJ), 4.55% (Associated Bank NA WI, Finwise Bank UT)
6-month: 4.35% (Associated Bank NA WI, Cadence Bank MS)
9-month: 4.10% (Associated Bank NA WI, BofA)
1-year: 3.95% (Parkway Bank and Trust Company IL), 3.90% (BofA, City National Bank of Florida FL, First Oklahoma Bank OK – monthly, MSB, MSPB, Sanibel Captiva Community Bank FL – monthly, SCHW)
18-month: 3.80% (MSB, MSPB)
2-year: 3.70% (Bank Hapoalim BM NY, First Keystone Community Bank PA – monthly, GreenWay Bank OH - monthly, MSB, MSPB, Valley National Bank NJ)
3-year: 3.65% (MSB, MSPB)
4-year: 3.60% (MSB, MSPB)
5-year: 3.55% (MSP, 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.
Here are the previous ten weekly 4-week T-bill auctions most recently yielding investment rates: 4.783%, 4.783%, 5.053%, 5.171%, 5.263%, 5.335%, 5.355%, 5.381%, 5.381%, 5.381%.
As of September 25, ICI reported to the Federal Reserve that $6.42 trillion of cash is parked in money market funds. This is an increase of $120.80 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.87%, VUSXX 5.06%, VMRXX 4.88%).
