As of 10 am ET 10/30/2024, here are the highest rates this week at either Charles Schwab brokerage and/or Vanguard brokerage for non-callable, new-issue brokered CDs with terms of 1-month, 3-month, 6-month, 9-month, 1-year, 18-month, 2-year, 3-year, 4-year, and 5-year:
1-month: 4.70% (Oriental Bank San Juan PR)
3-month: 4.60% (State Bank of India NY)
6-month: 4.40% (GSB)
9-month: 4.30% (GSB)
1-year: 4.20% (SCHW)
18-month: 4.10% (MSB)
2-year: 4.05% (KS StateBank KS – monthly, MSB - semi), 4.00% (UBS - monthly)
3-year: 4.00% (Texas Exchange Bank TX – monthly, UBS - monthly)
4-year: 4.05% (KS StateBank KS – monthly), 4.00% (UBS – monthly)
5-year: 4.05% (KS StateBank KS – monthly), 4.00% (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: 4.732%, 4.783%, 4.834%, 4.839%, 4.783%, 4.783%, 5.053%, 5.171%, 5.263%, 5.335%.
As of October 23, 2024, ICI reported to the Federal Reserve that $6.51 trillion of cash is parked in money market funds. This is an increase of $40.41 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.75%, VUSXX 4.77%, VMRXX 4.77%).