As of 5 pm EST 10/16/2024, 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: 4.55% (Open Bank CA – monthly, First Business Bank WI, Third Federal Savings & Loan Assoc of Cleveland OH, Umpqua Bank OR)
6-month: 4.40% (Beal Bank USA NV – sold out), 4.35% (Associated Bank NA WI – sold out, Byline Bank IL – sold out, Centreville Bank RI – sold out, Needham Bank MA – sold out, State Bank of India IL), 4.30% (Bank of Utah UT, Meadows Bank NV), 4.25% (BofA)
9-month: 4.20% (BofA)
1-year: 4.05% (BofA, First Carolina Bank NC – monthly, SCHW)
18-month: 3.90% (BofA, First Bank of the Lake MO – monthly, Bank of Utah UT – monthly, Transportation Alliance Bank, Inc. UT – monthly, MSB, MSPB)
2-year: 4.00% (Bank of Brenham NA TX), 3.90% (American Express National Bank UT, Bank Hapoalim BM NY, UBS - monthly, Valley National Bank NJ)
3-year: 3.85% (American Express National Bank UT, Bank Hapoalim BM NY, BMW Bank of North America UT, Customers Bank PA, UBS - monthly)
4-year: 3.85% (Customers Bank PA), 3.80% (BMW Bank of North America UT, UBS – monthly)
5-year: 3.80% (American Express National Bank UT, State Bank of India IL, UBS - monthly), 3.75% (Customers Bank PA, EagleBank MD – monthly, Merrick Bank UT – monthly)
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: Bank of Brenham National Association TX is rated an E- (warning) at Weiss Ratings. Bank of Utah UT, First Bank of the Lake MO, First Carolina Bank NC, Open Bank CA, and Merrick Bank UT are all rated a D+ (warning) at Weiss Ratings.
For those staying liquid, here are the previous ten weekly 4-week T-bill auctions most recently yielding investment rates: 4.834%, 4.839%, 4.783%, 4.783%, 5.053%, 5.171%, 5.263%, 5.335%, 5.355%, 5.381%.
As of October 9, 2024, ICI reported to the Federal Reserve that $6.47 trillion of cash is parked in money market funds. This is an increase of $11.26 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.80%, VUSXX 4.85%, VMRXX 4.81%).