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Highest Brokered CD Rates As Of 11/13/2024

Kirkland
  |     |   377 posts since 2014

As of 4:30 pm ET 11/13/2024, here are the highest rates from 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: 4.55% (Bangor Savings Bank ME, WEX Bank UT)

3-month: 4.55% (Dime Community Bank NY)

6-month: 4.40% (WebBank UT)

9-month: 4.35% (Santander Bank NA DE)

1-year: 4.25% (Texas Exchange Bank TX – monthly), 4.20% (Barclays Bank Delaware DE, Hingham Institution for Savings MA, Institution for Savings in Newburyport MA – monthly, Safra National Bank of New York NY, SCHW, MSB, MSPB)

18-month: 4.15% (Barclays Bank Delaware DE, Institution for Savings in Newburyport MA – monthly, MSB, MSPB)

2-year: 4.05% (American National Bank Fox Cities WI - monthly, BMW Bank of North America UT, Bank Hapoalim BM NY, MSB, MSPB), 4.00% (Capital One NA VA, GSB, UBS - monthly)

3-year: 4.10% (Texas Exchange Bank TX - monthly), 4.05% (Sallie Mae Bank UT), 4.00% (Ally Bank UT, BMW Bank of North America UT, Merrick Bank UT - monthly, GSB, MSB, MSPB, UBS - monthly)

4-year: 4.10% (Texas Exchange Bank TX - monthly), 4.05% (BMW Bank of North America UT, UBS - monthly)

5-year: 4.05% (Sallie Mae Bank UT, 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: Texas Exchange Bank TX, has an approximate term of 3 ½-year, paying 4.15% monthly, available at Vanguard. Maturity date 5/4/28.

For those staying liquid, here are the previous ten weekly 4-week T-bill auctions most recently yielding investment rates: 4.594%, 4.660%, 4.732%, 4.783%, 4.834%, 4.839%, 4.783%, 4.783%, 5.053%, 5.171%.

As of November 06, 2024, ICI reported to the Federal Reserve that $6.59 trillion of cash is parked in money market funds. This is an increase of $79.49 billion from the prior week. Current Money Market yields at Vanguard are (VMFXX (Settlement fund) 4.66%, VUSXX 4.63%, VMRXX 4.67%).

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RichardW
  |     |   821 posts since 2019
As of 7:30 pm ET 11/14/2024, when comparing Vanguard’s highest posted secondary market Treasury annualized yields to Vanguard’s highest posted non-callable, new-issue brokered CD annualized yields, the secondary market Treasuries generally provide higher annualized yields than the equivalent term non-callable, new-issue brokered CDs. Both provide similar annualized yields for 7 to 9 month terms, but for higher durations, such as the 5-year, the Treasury has a 29 basis point advantage, and for the 7-year, the Treasury has a 39 basis point advantage. In addition, interest from Treasuries is exempt from state and local income taxes.

To view the current annualized yield comparisons on Vanguard’s webpage, see: https://personal.vanguard.com/us/FixedIncomeHome
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