As of 5 pm EST 10/22/2024, 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% (Fulton Bank NA PA, Northpointe Bank MI – sold out)
6-month: 4.40% (Western Alliance Bank AZ), 4.35% (Banesco USA FL – monthly, Fulton Bank NA PA)
9-month: 4.25% (Essa Bank & Trust PA, Hingham Institution for Savings MA, Peoples Bank OH sold out, Western Alliance Bank AZ)
1-year: 4.10% (First Bank of the Lake MO – monthly sold out, Fulton Bank NA PA, MSB, MSPB, Northwest Bank PA, SCHW, Western Alliance Bank AZ)
18-month: 4.10% (Texas Exchange Bank TX – monthly sold out), 4.00% (First Bank of the Lake MO – monthly, MSB, MSPB, Western Alliance Bank AZ)
2-year: 3.95% (MSB, MSPB, UBS - monthly)
3-year: 4.00% (Texas Exchange Bank TX – monthly sold out), 3.95% (Hiawatha National Bank WI – monthly sold out), 3.90% (American National Bank NE – monthly, MSB, MSPB, UBS - monthly)
4-year: 4.00% (Texas Exchange Bank TX – monthly sold out), 3.90% (UBS - monthly)
5-year: 3.95% (Customers Bank PA), 3.90% (UBS - 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: For those staying liquid, here are the previous ten weekly 4-week T-bill auctions most recently yielding investment rates: 4.783%, 4.834%, 4.839%, 4.783%, 4.783%, 5.053%, 5.171%, 5.263%, 5.335%, 5.355%.
As of October 16, 2024, ICI reported to the Federal Reserve that $6.47 trillion of cash is parked in money market funds. This is a decrease of $6.56 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.78%, VUSXX 4.81%, VMRXX 4.80%).
